SOLD!
| Asking Price: |
$699,999 |
| Annual Sales: |
$2,138,107 |
| Cash Flow: |
$246,292 |
| Inventory: | Not Included |
| FF&E: | Included |
| Real Estate: | Leased |
| Employees: | 1 PT Owner 2 FT/1 PT |
| Location: | Colorado |
| Reason For Sale: |
SOLD!
| Asking Price: |
$449,000 |
| Annual Sales: |
$665,012 |
| Cash Flow: |
$227,086 |
| Inventory: | $15,000 |
| FF&E: | $30,000 |
| Leaseholds: | $4,000 |
| Real Estate: | Lease |
| Employees: | 1 FT Owner |
| Location: | Northern Denver Metro […] |
SOLD!
| Asking Price: |
$949,000 |
| Annual Sales: |
$1,343,800 |
| Cash Flow: |
$322,800 |
| Inventory: | $40,000 |
| FF&E: | $115,000 |
| Real Estate: | N/A |
| Employees: | 10+ Experienced Team |
| Location: | Premier Mountain Resort |
| Reason For Sale: | Retirement |
Technology and the internet are essentially changing every business in some way or other. It can be challenging, but business owners must keep aware of what ‘s going on in their industry and where it is headed.
Some businesses have a bright future, others need to make drastic changes. Business owners can search on the internet, go to trade shows and seminars, read books, articles, blogs, talk to others in the industry.
In order to have future value for a buyer, business owners can’t ignore the coming reality. […]
Many business owners try to determine the price of their business based on how hard they have worked over the years. But the market will tell them that the business value is really what it is worth to a new owner in the future.
As a result, there are many factors to examine – equipment, employees, market position, technology – the list goes on and on.
Business owners should get a business valuation performed by a professional to get a real sense of market value.
Successful business owners are always learning and finding new ways to improve their operations.
But business owners who “draw a line in the sand” and close the door to new methods, new technology and updated equipment can see a drop in market position, revenues and profitability.
As a result, buyers for these businesses will only offer a discounted price, and oftentimes a heavily discounted price.
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The hard truth is, many businesses will sell at a low price or not sell at all. Why? Because those business owners don’t understand how to create value and minimize risk for a new owner. Or they don’t understand how a business is sold.
Business owners need to learn how buyers will view their business – their financials, location, key employees, equipment, technology and many other critical items. And they need to recognize how the market will react to the price of their business.
Contacting a professional and […]
The days of the 5 and 10-year business plan are long over – everything is changing at such a fast pace.
Business owners need to review their plan to determine what has already changed and forecast what could change – competition, technology, demand for the products or services of the business, etc.
Plans must be updated and must be realistic for the foreseeable future.
Click here for free sample business plan formats.
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Not all businesses need to have cutting edge technology, but a company can’t fall too far behind.
Buyers will be concerned if they must make a large investment in the latest technology to get the company to a competitive level.
A business owner should do the necessary research and purchase the technology to keep the company on par in its industry or be prepared to accept a lesser value for the business.
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