Buying a Franchise or Business

October 20, 2016

Along with owning a business comes power.  That is a major reason for wanting to purchase a business and be able to make the decisions. You are a risk taker, which allows you to work hard and become successful.  What makes a powerful person successful? The people we deal with expect a ce

October 13, 2016

If you are a seller, it’s lonely at the top.  Normally, you have your spouse, your partner and possibly your CPA and attorney to assist you in making major decisions.  But in reality, it falls upon your shoulders to determine whether you should or should not sell.  Many times, a

October 6, 2016

Many purchasers of businesses know very little about finances and records necessary for a business.  If you do, you probably feel more comfortable; but a little knowledge is all you really have to know.  It is important to select a business accountant and a business attorney to assist you

September 29, 2016

During the many years I have sold businesses, I have worked with many individuals in corporate positions in the purchase of a business. Common among most of them was that they were tired of working so hard for the corporation and wanted to do that work for themselves and earn the profits. Many peopl

September 22, 2016

When buying a franchise, you can enter into a franchise agreement with a franchisor and start a business as a franchisee or you can purchase an on-going business that is a franchise.  You would still enter into a franchise agreement with a franchisor but would have a business with a financial h

September 15, 2016

Reasons to Sell:   1. With millions of unemployed workers living off of their savings and retirement plans, there is a high demand for good businesses. And due to the unprecedented demand, multiples of Owner’s Discretionary Cash Flow can sometimes exceed 3 where in the past the multiples

September 8, 2016

If you ask me what my favorite companies are to sell, I would have to say distribution and light manufacturing.  The reasons are quite simple.  A distribution company is typically not complicated.  You order merchandise from the manufacturer.  You receive the merchandise. You rep

August 31, 2016

For those of you buyers who are looking for a business to own, I would suggest that you consider an online or Internet or eCommerce business. These all essentially mean the same thing, but there are some differences that I would like to illustrate. All these businesses use the Internet to generate

August 25, 2016

Although an attorney will prepare the closing documents for closing, it is important to be prepared and understand what to expect.  This article is a guide for you when considering what expenses will be divided, which are called standard prorations.  When buying an ongoing business, a big

August 18, 2016

One of the reasons business owners give for deciding to sell their businesses is burnout.  The purpose of this article is to help you avoid getting to that point.  However, once you get burned out, it is best to sell and move on, as you have probably lost interest in your business.