Benchmark Business Group

Selling a Business Newsletter

March 16, 2020

When it comes to selling your business, keeping it quiet and confidential is essential. Once you make the decision you’re selling, it’s vital to tell as few people as possible. Your professional Deal Team: your accountant, financial advisor, attorney and business broker each understand the importance of maintaining confidentiality. However,...
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February 24, 2020

There is one piece of information that is essential when you are preparing to sell your business: Market Value. Once you have established the value of your business in today’s market you have the baseline to understand how much money you will have left after a sale. You may have...
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January 22, 2020

Time is not your friend when negotiating with interested buyers. Most buyers are actively looking to invest their money in a business. They have their own timeline in mind and are most likely looking at multiple businesses. When you have a buyer interested enough in your business to want more...
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December 16, 2019

For every business that sells fast and for top dollar there are 50 that linger on the market for months if not years and sell for far less than the owner desires, if they sell at all. So, what’s the secret? Why do some business owners maximize the value of...
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November 19, 2019

Selling your business is a big deal. It is often the biggest financial deal a person will negotiate. Aside from sale price, key concerns for sellers are: confidentiality, tax implications, employees and customers being cared for, and the time they will be tied to the business post sale. It is...
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October 21, 2019

Retirement is the biggest reason business owners are selling; followed by burnout. Baby Boomers are looking to life without their business, but too few are preparing to exit on their own terms. The International Business Brokers Association (IBBA), Q2 2019 Market Pulse Report, showed that Main Street business owners are...
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September 16, 2019

“I wish I would have …” It’s a phrase we hear way too often from business owners who come to us to sell their business and discover it doesn’t have the market value they hoped for. Here’s the Top Six list of I wish I would haves: Kept better financial...
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August 20, 2019

If your business is reliant on you for the day-to-day operations, prepare to get less money when you go to sell it. Do a quick self-check; how often do you say phrases like: I just can’t get away My employees can’t make a decision without me My customers only want...
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July 15, 2019

If you’ve ever bought a used car, you know how reassuring it is when the owner tells you about things - big and small - that have been repaired. And you really appreciate knowing about the repairs that are coming up in the near future. ´╗┐ When a seller is...
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June 17, 2019

One of the biggest mistakes owners need to avoid when selling their company is being lured into a proprietary deal. The Definition Of A Proprietary Deal Acquirers land a proprietary deal when they convince owners to sell their businesses without creating a competitive marketplace. ´╗┐Acquirers running a proprietary deal know...
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