| Asking Price: |
$550,000 |
| Annual Sales: |
$935,000 |
| SDE: |
$179,000 |
| Inventory: | $45,000 |
| FF&E: | $57,000 |
| Real Estate: | Lease |
| Employees: | 1 FT Owner 6 FT / 2 PT |
| Location: | Northern Colorado |
| Reason For Sale: | Retirement |
Passionate […]
In many types of businesses, “customer concentration” can be a real concern, with a few big customers that make up a substantial portion of the company’s revenues.
Buyers, of course, are concerned that if any of those big customers leave after the sale closes, the Buyer is not getting the company’s present value.
If a company has too much customer concentration, business Seller needs to try to diversify the customer base or be willing to accept a flexible method of payment […]
Business owners can manage their financials as they wish – within standard accounting principles. But when it comes time to sell their company, it becomes a whole new ball game.
Buyers and lenders will scrutinize everything, especially questionable items on the financials. If there are items that do not make sense to outsiders, it can affect the value and the pricing of the business.
It is a good idea to have a professional such as a mergers & acquisitions advisor or a business […]
Many older business owners, for whatever reason, aren’t willing to sell their companies.
But businesses can go into decline without new ideas, new direction, and new energy. Not selling the company can be risky. Too many things can go wrong as the owner continues to age — health issues, health issues of spouse, or the business can’t keep up with the times.
It can be a tough decision, but timing is everything, and waiting too long to sell may have […]
A company that is growing will get greater attention from buyers and show higher value.
Business owners have to be creative in finding new ways to increase their sales. That could mean researching on the internet, going to trade shows or conferences or traveling to other markets to find what is working out there.
Options can include new products or services, new ways of marketing, new technologies, new locations or even acquiring other companies.
Believe it or not, there are many companies who are doing just fine out there, thank you very much.
Business owners can’t dwell on all the troubling headlines and negative news coming out of Washington. They need to focus on their own business, on their products and services, on their market.
They might have to look outside their own four walls and find out what the thriving companies are doing. Business owners may need to diversify their offering, reinvent their business model, make some bold decisions and be […]
Unfortunately, there are businesses whose market has changed so drastically that their products or services now have limited demand. And it might not be the slow economy!
Those business owners may have to consider a whole new business model and get into the research and creative thinking mode. A good starting point is searching for ideas on the internet.
Click here to see a video on Re-Inventing Your Business Model from the Harvard Business Review – it will make you think.