Confidentiality in the Business Transfer Process
Novare Business Advisors understands the absolute necessity of securing information with strict confidentiality. The process of buying or selling a business involves more than compiling facts and figures…it involves the reputations of all the parties in the transaction. We employ thorough procedures within every step of the buy/sell process to insure that your business information […]
Determining the Value of a Business
Determining the value of a business should be the first and foremost step in buying or selling a business. The value of a business is related to the risks involved in operating it and the future ability of the business to generate cash flow to the owner (cash flow is calculated from an economic viewpoint, […]
Who Are the Buyers?
There are three general categories of buyers in today’s marketplace: the Individual Buyer, the Financial Buyer and the Strategic/Synergistic Buyer. The Individual Buyer: This type of buyer is normally a small business buyer, looking for a business with a value range of $100,000 to $1,000,000. This buyer is typically buying or replacing a job…leveraging talents, […]
Avoiding Hazards When Selling a Business
When selling a business, be aware that the following areas can be hazards to closing a deal: Price The asking price must be fair and reasonable to both sides—the most common reason that a business does not sell is because the price is unreasonable. Think of your business as an “investment” for the buyer—there must […]