Homebuyers are familiar with the mantra—location, location, location. Well for a business owner looking to sell their business, there’s an equally important phrase to remember—timing, timing, timing. But if you are looking into selling your business, what does that mean for you? And exactly how long will the process take? This graph represents the average number of mont
From the pandemic’s supply chain issues to the current worries over rising inflation, many small businesses have been struggling to adapt to the sudden shifts of today’s economy. With inflation in June hitting 9.1%, more than the Dow Jones estimate of 8.8% for the month, more and more businesses are worrying about how exactly inflation has and will impact their business, and if now is
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Time and time again, the beauty and personal care industry has proven to be resilient during challenging times by adapting and changing to their audience. The world has reopened, and beauty-based companies continue to rebound, so you may be asking—is now a good time to sell? Selling a beauty or personal care business in Gulf Coast is not very different than selling any type of business. The
After a bit of a tough turn during the pandemic, the construction industry has come roaring back to life. Demand is growing, with an increase of almost 9% anticipated for 2022 for this industry segment within the U.S. market. While supply chain disruptions and shortages of skilled workers may be continuing to cause hiccups for some, the overall outlook is very positive, particularly in terms of i
Thinking of Selling Your Health Care Business or Practice in Gulf Coast? What You Need to Know in 2022. Health care is an industry that is constantly growing and evolving as new technologies and discoveries change treatments and care. This reality is truer than ever as the world has seen during the recent COVID-19 health care crisis. If you are looking to sell your health care business, the cond
Thinking of Selling Your Cleaning Service in Gulf Coast? What You Need to Know in 2022 Americans started 2021 by cleaning house—literally. The COVID-19 pandemic kick-started worldwide hygiene awareness and majorly boosted demand for cleaning businesses. It wasn’t just about safety—it was about peace of mind. Residential cleaners, maids, janitors, and other sanitation professiona
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Thinking of Selling Your Restaurant? What You Need to Know in 2022 If you’ve been following the news over the last few years, you know that business sales are up—way up—for certain industries, including restaurants. And if you’re like many restaurant owners, you’ve been thinking about selling your business, too. It’s easy to see why. Record-setting sales (both
In a perfect world, every entrepreneur would have ample time to prepare their business for sale. It’s a long, often complex process the demands our full attention—and ideally, assistance from professional brokers. After all, there are many, many factors to consider: Why am I selling? Is the market ideal? Do I have my legal and financial ducks in a row? (And more.) That being said, the
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Business Trends to Look Out for in the Gulf Coast in 2022 Thinking of selling your business in 2022? Give yourself an edge—read up on what we learned in 2021. 2021 was a year of unpredictable firsts for business owners and entrepreneurs. Nothing we learned in 2020 could have prepared America for pandemic shutdowns. Many small operations had to quickly pivot, improvise, and adapt to
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For many entrepreneurs, selling a business is about more than money—it’s about passing down a legacy. After years of hard work, it’s only natural to want to see your creation in the hands of someone who shares your passion. However, finding that perfect “someone” can be a challenge. Not everyone that can buy your business should buy your business. As veteran brokers,
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Six Ways to Improve Your Gulf Coast Business’s Value Preparing to sell your business? You could be leaving money on the table. Your business’s value depends on many different variables: revenue, profitability, market conditions, and more. But valuation is not set in stone. Depending on your situation, there may be several things you can do to raise your business’s value prior t
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Control the Controllables I think it is important we all get the chance to recharge, and fortunately, I had a chance to spend some time with the family over the 4th up in the mountain air in the Carolina's, and then followed that up with some fishing time back near home at Dauphin Island. I feel like 2021 is absolutely flying by! How about you?Diving back in
Recently, we provided an introduction to some of the most common business value drivers that every business entrepreneur needs to be thinking about when buying or selling a business. In case you missed it, here is a link to the "Prevailing Market & Economic Conditions" discussion. This month's topic relates to "Prevailing Industry Conditions", and probab
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Steps to Sell Your Business for The Best Price Are you ready to take the next steps in your career?Are you hoping to sell your business but unsure of where to begin? 1. Business Valuation A business valuation is always the first step in any business sale. You will need to fully understand what the business is worth to decide on a listing
Five Reasons Business Brokers Improve Closing Rates Hiring a business broker may seem complicated and an unnecessary expense to someone who is trying to save money and simplify the sale of their business. Why add more to your long list of to-dos when you have enough going on? Well, the thing is, a business broker is so much more than just an extra set of hands. Studies have shown that wor
Common Value Drivers - Blog 1 of Many Over the next several months I plan to methodically address common, but mission critical "Value Drivers" that every Seller (and every Buyer) should be assessing with respect to a Company's enterprise value. Too often, we look at the financial numbers alone and leap straight to a napkin based, rule of thumb
