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Why Buying a Business is Better than Starting a New One
Starting a new business can be an exciting and rewarding experience, but it’s not always the best option for everyone. In fact, there are several compelling reasons why buying a business can be a smarter choice than starting one from scratch. Established customer base One of the biggest advantages of buying an existing business is
Due Diligence Expectations When Selling Your Business
An appealing offer with a high purchase price has just been received for your small/mid-sized business! This is exciting, however it’s not time just yet to sail off into the sunset. The prospective buyer of your business must now perform their due diligence. Due diligence is a specified period, generally anywhere between 30-90 days, in
What is FF&E and what role does it play in a business transaction?
FF&E (Furniture, Fixtures and Equipment) represent tangible assets that are utilized in the regular course of business operations. Some general examples may include desks, chairs, lamps, and computers. For a wholesale or distribution business, examples may include forklifts, pallet jacks and vehicles. Equipment for a restaurant could include freezers/fridges, soda machines, grills or deep fryers.
How to Prepare Your Business For Sale
Often times, our team of Business Brokers at NJ Broker Plus connect with motivated entrepeneurs still on their journey, years away from even considering the sale of their business. The sale of one’s business has to unequivocally be the correct decision for the owner. It is a significant decision and inflection point that should be thoroughly contemplated
Asset Sale Vs Stock Sale – What You Need to Know
When it comes to buying and selling a business, there are two main methods to consider: an asset sale and a stock sale. These approaches have implications for both the buyer and the seller. Here’s an overview of the differences, along with the pros and cons for each party involved. It’s important to note that
Working With an Experienced Business Broker will Increase the Chance of Selling a Business
Feedback from industry reports suggests that of those businesses put up for sale, only half will successfully sell. Having a trusted business broker at the helm increases the odds the business will transact. Mergers & Acquisition Advisors cited ‘unrealistic seller value expectation’ as the top reason deals fall apart. Economic uncertainty and poor financials were
How Long Does It Take To Sell Your Business?
Examining the median time on the market data for different types of businesses provides insights into the factors influencing the duration of typical business sales. Selling a business involves preparations before it’s listed, such as optimizing financial strategies, streamlining operations, and organizing documentation. This planning process usually takes two to three years. Once the business