Category: Buy a Business

18 December 2023: Selling Businesses: What’s 2024 Look Like? Because we’re in the business of selling businesses, from holiday parties to casual dinners at local beanaries, professional business brokers are often asked, “What’s selling?” or “What’s in demand these days?” We occasionally do an end-of-year recap and a “what to

11 December 2023: Selling a Business: Renegotiation One aspect of selling a business is often considered “done” – at least by sellers – even before the deal is closed. That aspect is the selling price. Many sellers assume that, once the parties “agree” on the selling price, it’s locked in.

4 December 2023: Non-Competes vs Non-Disclosure Agreements Our last two blog posts were discussions about non-complete agreements. (You can find the first one here.) Judging by some of the comments or emails we subsequently received, some clarification is warranted as to the difference between non-compete agreements and non-disclosure agreements (“NDA”)

27 November 2023: Selling a Business – Non-Competes: Pt 2 Last week’s post – about the possibility of non-compete agreements being outlawed in the United States – became even more relevant with the developments in New York State this past week. It appears that the Grand Poobahs in Albany have

20 November 2023: Selling a Business – Non-Competes Non-compete agreements have been in the news this year. It has been so as a result of the U.S. Federal Trade Commission (FTC) proposing a rule to make non-compete agreements illegal. Non-compete agreements is a topic we bring up with every business

13 November 2023: Business Brokers: Specializing If you’re a business broker – or considering learning how to value and sell businesses – have you thought about specializing; that is, specializing in one or two specific types of businesses? When new business brokers are going through our courses there’s often discussion

6 November 2023: Selling a Professional Practice: Pt 2 Last week’s post on selling a professional practice generated a couple of questions that suggest a need for some clarification. Though these aspects of transitioning out of a practice were discussed as part of the overall process of selling, they are

Selling a Professional Practice 30 October 2023: Selling a Professional Practice Selling a professional practice is not a whole lot different from selling most any other business – the occasional protestations to the contrary raised by some “professional practitioners”. I make that statement after recently reading a law journal article

16 October 2023: Selling a Business: 4 Questions Trying to time the market when selling a business is, for all practical purposes, nearly impossible. But if that’s the case, how does one know when it’s “the right time”? When considering selling a business, the “right time” is usually more dependent

Selling a Business Ain’t for Sissies 16 October 2023: Selling a Business Ain’t for Sissies Selling a business profitably requires a lot of work, a lot of time and no small amount of knowledge and experience. Yes, a business can be sold by an amateur – a real estate agent,