Why Do Deals Fall Apart When Buying or Selling a Business: Common Reasons Explained
When buying or selling a business, there are many factors to consider, and deals can fall apart for a variety of reasons. Understanding why these deals fall apart can help you avoid common pitfalls and ensure a successful transaction. One common reason for deals falling apart is a lack of communication between the buyer and […]
Signs You Should Sell Your Business Now
If you’re a business owner, you’ve likely put in countless hours of hard work and dedication to build your company. However, there may come a time when it’s in your best interest to sell your business. Knowing when to sell can be a difficult decision, but there are certain signs that indicate it may be […]
The Strategic Advantage: 5 Compelling Reasons to Buy an Existing Business
In the entrepreneurial world, there is a roadway less traveled, yet it is a path gleaming with opportunities – buying an existing business. While many aspiring entrepreneurs are enticed by the allure of launching a startup, there’s an alternative that offers unique advantages and opportunities: acquiring a business that is already up and running. Below, […]
Broker Spotlight – Chuck Wimmer
How did you get into the business brokerage industry? Was a small business owner for many years – bought and sold several businesses then bought a Business Brokerage franchise in 2009 What is your favorite thing about the industry? I love the deal-making and negotiating deals helping Buyers and Sellers reach their goals What is […]
What is EBITDA, and Why is it Relevant?
In the world of finance and business, acronyms abound. From ROI to EPS, these terms can often be confusing. However, understanding EBITDA is crucial if you’re navigating the financial realm. So, what is EBITDA, and why should you care about it? Let’s dive in. What is EBITDA? EBITDA stands for Earnings Before Interest, Taxes, Depreciation, […]
Understanding the Buyer’s Perspective: What Do Purchasers of Existing Businesses Look for
As the business world continues to evolve, more entrepreneurs are opting to purchase existing businesses as opposed to starting from scratch. This trend has many advantages, including stepping into an established market share, a ready-made customer base, and existing operational procedures. But what exactly are these savvy buyers looking for? What Do Buyers of Existing […]
Broker Spotlight – Jared Lubeck
How did you get into the business brokerage industry? I have always had an entrepreneur mindset; starting out my career I knew I did not want the typical 9-5 desk job. In 2014 I became a licensed Real Estate Agent and sold residential real estate in Maricopa County for 3 years until I reached out […]
How to Leverage a Business Broker to Sell Your Company and Launch Your Retirement
Planning for your future post-business ownership? Whether you’re contemplating retirement or pursuing a new venture, an Arizona Business Broker can assist you in selling your business and transforming your entrepreneurial dream into financial security. With careful planning and the support of an Arizona Business Broker, your successful business sale can transition into a comfortable retirement. […]
Broker Spotlight – Phil Reese
How did you get into the business brokerage industry? My partner & I sold our business, First Impression Security Doors (now known as First Impression Ironworks), in April of 2001. My partner and I started the business out of our garage in 1995 and built it into a company that, at the time we sold […]
How to Get Ready to Sell Your Business: A Comprehensive Guide
If you’re considering selling your business, you’re likely wondering where to start. Selling a business can be complex, but with the right preparation, you can increase your chances of success. In this article, we’ll provide some tips on getting ready to sell your business. Hire a Business Broker One of the first steps in preparing […]