BizBuySell

BizBuySell Q3 2024 Insight Report is live https://bit.ly/3YshXMd which gives you a detailed overview of small business confidence and the business-for-sale market as we approach the final stretch of the year. Here are a few highlights: ?? Most small business owners are confident in receiving an acceptable price if they were to sell ??67% of owners say Trump will have the best impact on small business with tax reform in focus ??Service and retail businesses command higher prices ?? Acquisitions up 20% for manufacturing businesses, 15% for restaurants

Happy thanksgiving!!

Nestled between Black Friday and Cyber Monday is Small Business Saturday, a shopping holiday designed to spotlight locally owned small businesses. This, November 30th marks the 15th anniversary of Small Business Saturday, started by American Express in 2010 to highlight the role of small businesses in our communities. The National Retail Federation expects holiday sales to increase 2.5 to 3.5 percent from last year, to as much as $989 billion. Supporting Main Street businesses on this day, and throughout the holiday season, not only offers the potential for a boost in sales but significantly contributes to the goodwill value of businesses and the communities they serve. https://bit.ly/3B2NfAk

If you’re thinking of cashing out the value you’ve built in a commercial real estate property over the years, you’ll need to consider the tax implications of that sale. In this article, you’ll discover how commercial real estate property is taxed when included in the sale of a business. https://bit.ly/3Zl3Cl0

When you sell a business that manufactures or sells physical products, it’s easy to see what you’re selling. But the business of a professional services provider isn’t based on products. It’s based on client relationships. So, how do you sell your business when its biggest asset is intangible? For financial advisors, insurance brokers, accountants, and other providers of professional services, the answer is often selling a book of business. By Shelly Garcia https://bit.ly/3VaO2Gd

Non-financial terms in business sales refer to aspects beyond monetary value and are known to influence the overall transaction's success and post-sale operations. While financial terms focus on the financial statements and influence the price and payment, non-financial terms address factors like operational continuity, brand reputation, and other details that support a successful negotiation, sale, and overall buyer satisfaction. https://bit.ly/3OpaKXj

Transparency, timing, and clear communication are important factors when preparing to tell customers about the sale of your business. Being open about the sale and choosing the right moment to inform customers can build trust, manage expectations, and ensure a smooth transition. While transparency is important when sharing with customers that you’re selling the business, it's equally essential to maintain confidentiality during the sale process to protect sensitive information. By balancing transparency and confidentiality while working to protect everyone's interests, you can set the new owner up for success and maintain customer loyalty. https://bit.ly/3ZiYdeb

When it comes time to sell your business, you may be wondering how relying on contractors rather than full-time employees will impact your valuation and ability to attract buyers. As a business owner, you chose to use contractors for good reasons - flexibility, specialized skills, reduced overhead and administrative costs. But how do buyers view this model? And what steps can you take to maximize value and make your business appealing to potential acquirers? Contractor-based businesses are common across a variety of industries, from IT services and creative agencies to construction and landscaping companies. If you're considering selling your business, it's essential to understand the distinct aspects of valuing and marketing a company that relies on contractors. https://bit.ly/4fWm88Q

Selling a Lower Middle Market Business? Build Your Team For many business owners, the sale of their company is the largest financial transaction in their lives, and critical to their ongoing wealth creation. That is why it is important that owners, particularly those selling a business worth over $1 million, use a multi-disciplined team to structure and execute the transaction. By Robert Flynn https://bit.ly/3CEof2Z

Selling a business with multiple locations, whether it involves company-owned branches or franchise units, requires a strategic approach. These businesses present unique challenges and opportunities, but a seller can maximize value and ensure a smooth transaction process when it’s done right. https://bit.ly/3Z3hNtw