My editor husband would say, “You don’t grow a business. You develop a business.” One of the goals a business owner might explore is that of selling the business for more than it was purchased for. Buying right, at a discount, or increasing the net to owner can achieve this. Since selling a small business is usually based on cash flow to owner, to sell it for more means you need to develop [...]
Dakin Business Group, co-sponsoring with Cole Financial Services and Kanaly Trust, recently held a seminar focused on the business owner's business investment as a piece of their entire portfolio...looking for balance. At the beginning of the seminar, we asked the participants to identify why someone wants to own their own business. Psychic reasons: Satisfaction of building and owning your own: Love it and have fun! Be part of the community: Freedom & flexibility: [...]
Don't underestimate the inventory process in a business-for-sale transaction. It can be daunting, contentious, and a deal-breaker. The inventory process can be done by any number of people. It can be seller and buyer, employees, hired counters. The more vested the individuals in the process, the more accurate the count. Having people count in twos, one calling out and one writing down is a handy method, helping to speed the process. Obviously, in [...]
Got your attorney and accountant all ready, do you? In any transaction business-for-sale transaction, the closer you get to having a transaction completed, the more time you may want to spend with your personal business attorney and accountant and more need there is for asking well in advance for their time. As due diligence is performed, documents created, closing approaches with the myriad of forms to sign, it is likely you will want [...]
In a (real estate/business) sales class, the example of cows for escrow came up. The lecturer used cows as an example of possible escrow. It was a true story. This is New Mexico after all. In fact a number of things can be escrowed. In the example being used in class, the cows’ owner wanted to buy something and had to put up escrow. He did not want to sell the cows unless [...]
Contracted valuation work
Excluding Companies Marketed for sale
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Selling twice or more the national average
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Service Work
When you need to know what your business is worth, to a known buyer or open market sale, rely on our confidential valuation and consultation. Our buyer clients understand a business’ value. Our sellers position their company for the best sale possible. We focus on Central and Northern New Mexico, and work across the country. We partner with trusted brokers for listing and sale. Contact us today.
