Selling Your Business
Why Are Business Models So Important?
The business model is the foundation of a company and its value proposition to customers, employees, and investors. It is the engine that drives revenue and profitability. The business model has never been more important than today, as companies are pressured to be lean and agile to compete in the global marketplace. There are several…
Read MoreWhat Are the Methods for Doing a Business Valuation?
How much is your business worth? The answer to this question doesn’t just matter when you’re ready to sell your company. Business valuation can help you determine how much your business is worth, which can help you, your investors, and other stakeholders evaluate your company and its financial direction. There’s more than one strategy for…
Read MoreHow Do I Determine the Value of My Business?
Before you can look for potential buyers for your business, you have to determine how much it’s worth. Oftentimes, sellers have a number in mind they’d like to receive for their business, but that number isn’t usually based on financial calculations. Maybe you consider your business to be your retirement savings, and you need a…
Read MoreMost Common Mistakes Made When Selling a Business
Your business has been profitable for a while, and you’re ready to take a backseat. Since you can see its value, you assume it should be easy to sell. Now you’re just concerned with how much you can sell it for and how soon you can close the deal. But it’s not as simple as…
Read MoreThe Most Important Factors that Affect the Success of Your Business
When starting a business, there are many things to think about, but certain factors are more crucial than others when it comes to your success. One of the essential considerations is choosing the right business broker. A business broker can help you find a business that aligns with your interests and advise on what steps…
Read MoreHow to Create an Exit Strategy for Your Business
Knowing when to sell or exit your business may be planned or sudden, but if you’re a business owner, it’s important to have an exit strategy in place before the decision. This article will outline an exit strategy for your business so you can move forward when the time comes. If you’re selling your business…
Read MorePre-Sale Checklist for Selling Your Business
A pre-sale checklist is a good way to ensure you have all of the details before selling your business. This will get you somewhat ahead of the due diligence list that will be provided by the buyer. Sunbelt can provide you with a ‘sellers questionnaire,’ which you can use to pre-screen buyers and prepare for…
Read MoreHow Long Does It Take to Sell a Business?
Most times it takes between 4-12 months to sell a business. Occasionally it can take longer especially if the business experienced reduced revenues/profits after the listing went live. Remember that it may take 2-3 months to close a deal after signing a contract. The process can be shorter or longer depending on several factors, including…
Read MoreWhat is a Letter of Intent?
A letter of intent is a preliminary document generated when selling your business that establishes the key terms of a proposed deal between two parties. The letter sets forth the agreed-upon terms and indicates that both parties are committed to moving forward with the transaction. Sunbelt, however, does NOT take letters of intent. They go…
Read MoreSBA Loans and Financing Your Business
The prospect of buying an existing business can be pretty exciting. However, you must overcome a few major hurdles to turn your entrepreneurial dreams into reality. Most notably, you must find a way to finance the business you want to buy, which can sometimes be easier said than done. Fortunately, a talented team of business…
Read More