So, you’ve decided to sell your small business and move on to new pursuits. The process of transitioning away from a small business that has been built upon personal sacrifice and effort can be daunting, but this guide will help you get a clear picture of a way forward. Let’s take a look.
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What Will the Bank be Looking for from a Seller When a Buyer is Getting an SBA Loan to Buy My Business?
If you are selling your business, your buyer may be interested in taking out a loan. It isn’t uncommon for loan providers to want to better understand you as the seller when granting approval or denial to your buyer. This may seem odd, but it is a common practice for business brokers and banks when it comes to SBA business loans.
Advantages and Disadvantages of Seller Financing
Seller financing has positive and negative aspects that buyers should pay attention to. These pros and cons will appeal to different buyer’s needs, so it is helpful to better understand these aspects. By reading the following article, you will gain more information on the advantages and disadvantages of seller financing.
How Do Others View Your Business?
Sell Florida Business | Sarasota Valuation
In the online era, potential customers have easy to access to your business reviews. Previous guests and clients can leave online reviews and companies dedicated to customer service can evaluate your business for others to see. It’s important to take note of how your products or services are received by guests.
One Way To Decide When To Sell
Sarasota Sell My Business | Florida Management Consultant
How do you know the right time to sell your company? One answer to this age-old question is that the time to sell is when someone else is willing to invest more in your business than you are.
The Anatomy of a Successful Exit
Florida Management Consultant | Manatee County Business for Sale
Stephanie Breedlove started Breedlove & Associates in 1992 as a way to pay her nanny. The big payroll processors weren’t interested in dealing with one person’s wages and doing it themselves was complicated and time-consuming, too much for the then overwhelmed Breedloves.
The Downside of Selling Someone Else’s Product
Sarasota Consultant | Florida Business Brokerage
Are you tempted to resell someone else’s product to boost your top line revenue?
On the surface, becoming a distributor for a popular product can appear to be a simple way to grow your sales—simply find something that is already proven to be successful elsewhere and negotiate the rights to sell it in your local market.
3 Surprising Reasons To Offer A Subscription
You can now buy a subscription for everything from dog treats to razor blades. Music subscription services are booming as our appetite to buy tracks is replaced by our willingness to rent access to them. Starbucks now even offers coffee on subscription.
Importance of the Seller and Prospective Buyer Getting Along
Sarasota County Business Broker | Florida Management Consultant
When two parties come together to buy and sell a business, they both share responsibility in the transaction. We will focus primarily on the seller, but note some responsibilities of the buyer as well.