Tip #54 – Does Your Business Look Good On Paper?
With few exceptions, buyers are looking for businesses that make money.
Sure, there are other factors that can make a difference such as equipment, client list, location, key employees, etc., but it is still all about the cash flow of the company.
Business owners have to constantly look at the company financials and make the tough decisions to increase margins, cut expenses, or even head in a different direction. Showing good, solid cash flow will ultimately determine the value of the company.
Tip #21 – Leases Can Make or Break the Sale of a Business!
The lease terms of the business space can be a major consideration for a buyer.
For example, a retail business with a long term lease on a good location can be attractive. But a long term lease on a business needing more space to grow could be a detriment. Or there can be concerns for an expiring lease when the landlord might demand a large increase.
When it comes time to negotiating a new lease, business owners must carefully think through the timing of their plans for exiting […]