Dealing with only one buyer for your business is not a good idea in good times. It’s an even riskier idea now. It’s not unusual that a business owner, who is interested in selling their business, to be contacted by a potential buyer. There are many reasons why dealing directly with only one buyer is a bad idea.Read More
BayState Business Brokers Blog
One of the questions we frequently get from business owners is “How will it take to sell my business?” This is the time from when a business owner signs our listing agreement to the closing on the sale of the business. The quick answer is that it usually takes about 6 to 9 months to sell a business. This can vary; this blog is about what the steps are that take time and how long they take. I’ll go through them, chronologically.Read More
Make Sure Your Auto Repair Shop is Ready to Sell When You Are
Auto repair is a big business. According to IBISWorld, the total revenues of auto repair shops is $63 billion dollars. It is also a steady, growing, business and there are many buyers interested in buying an auto repair shop. If you are thinking of selling your auto repair business, now or in the next few years, here is some information you should know to sell your auto repair shop for the best price.Read More
Business owners are a pretty self sufficient bunch. We learn to do things to save money, we learn to do things because there is no one else to do them. You are probably the most capable person at your business. You’ve probably also developed a lot of self-confidence. You feel you can do almost anything.Read More
If you have a business that generates a significant six figure income and should sell for a few million dollars, you may question whether you should use a business broker or an m&a advisor to sell the business. Here are some ways you can make the choice: Focus less on what the firm calls itself and more on what types, and sizes, of businesses they sell and how they go about doing so. Because m&a advisors and business brokers are not subject to rigorous licensing requirements, check references and look at training and experience.