Turner Business Appraisers

In our most recent video I discuss how you can buy a business without much money down. This is also good news for someone selling. Let's discuss in the comments, and If you know someone who could use this information share this video and don't hesitate to reach out for more info or help. https://lnkd.in/ep8t4Dva

Hot off the Press: Small Business Mergers & Acquisitions grew in QE3 2024: According to BizBuySell, the largest online database of businesses for sale, the number of small business acquisitions grew 5% in QE3 2024 which marked the fifth consecutive quarter with year-over-year increases. But transactions in QE3 2024 were down 2% from the previous quarter as market participants await expected additional rate cuts to improve affordability. A total of 2,399 businesses were reported as sold in QE3 2024 with total enterprise value of $2 billion.??Moreover, volume continues to trail pre-COVID activity.?The high-water mark for the third quarter over the past several years was achieved in QE3 2018 when 2,685 businesses were transacted.?There is some good news to report though.?Restaurant and manufacturing business acquisitions are up.?Deal making for restaurants grew by 15% year over year, while the median sales price remained flat. Demand for manufacturing businesses was exceptionally high in QE3 2024, with closed transactions up 20% year over year.?Sales prices remained unchanged with cash flow and revenue remaining relatively flat.?Popular segments within the manufacturing sector were food products, printing, concrete, and signage. For details click the link below to navigate to the entire report .

Do you need help understanding what your business is worth or understanding the value of a business you want to buy? Watch this video and others on our channel to become an expert yourself! Also you can reach me at https://turnerbusiness.com anytime! Watch the video here: https://lnkd.in/dU2-V5jP

I am pleased to present my esteemed colleague, Ed Steh, CPA, CVA, with a 15 year service award. His unwavering dedication and commitment to excellence exemplify Ephesians 2:10 - "For we are His workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them". Congratulations, Ed! Please join me in celebrating this milestone. Share your well-wishes in the comments below.

We were privileged to participate in the recent Carolinas Virginia Business Brokers Association (CVBBA) Annual Conference in Raleigh, NC. We are grateful to all vendors who made it a resounding success with insightful presentations. Jim Turner, CPA connected with Erin Crawford, MBA CBI, the president-elect of the International Business Broker's Association. Erin made an outstanding presentation called "Buyer Side Practice". As a silver sponsor, Turner Business Appraisers had a presentation on working as a Valuator and Broker simultaneously. What are your thoughts on the synergy between these critical functions? Let me know in the comments. To schedule a business valuation, please contact Turner Business Appraisers at www.turnerbusiness.com. #CVBBASilverSponsors #CVBBA2024Conference

Does every profitable business have goodwill or "blue sky" value. The assumption by many business owners (and potential buyers) is yes. But is it true? The answer might surprise a lot of people but in a nut shell not all profitable businesses have blue sky. The catalyst to determine if a business has "blue sky" value is almost always cash flow (patents and some trademarks might be worth their cost to replace). Market participants expect a return on assets and if cash flow is not robust a business might not have any blue sky value. For example if a privately held business has tangible assets worth a million dollars but normalized after tax cash flow is only $100,000 then it does not have blue sky (typically required rates of return on capital for private businesses is greater than 15%). But if the business had after tax cash flows of say $300,000 then it would have blue sky value. The return to tangible assets would be $150,000 which would leave $150,000 in net after tax cash flow synonymous with goodwill aka Blue Sky (assuming a 15% required rate of return aka capitalization rate). So, the next time a business owner says I am selling my equipment, inventory, and customer list. Remember the customer list might be worthless.

Are you considering selling your business now or in the future??Do you have a good exit plan? Choosing the right business broker is important. Learn the essentials of selling a business, including valuation and succession planning.?Watch more at https://lnkd.in/eJfht4uE We're here for you! Learn more at turnerbusiness.com.

Are you a potential business investor? Checkout this 1-on-1 walkthrough understanding how to evaluate a business. Hope this helps and let me know if you have any questions by leaving a comment or contacting me directly.

Today's article comes from one of the most common questions I am asked during my consultations: How do you value a business? You can also view my video on this topic and others on my YouTube channel. Are you subscribed to my YouTube channel yet? Here's the link: https://lnkd.in/eJfht4uE #turnerbusinessappraisers #bizvalguy #business #businessvalue #businessappraisal #businessvaluation #cpa #businessconsult #businessdrivers #cashflow #laborforce #customerdifferentiation