Articles

A Closer Look at 3 Major Factors to Consider When You Buy a Business

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The simple but undeniable fact is buying a business is one of the single greatest financial decisions a person can make.  Buying a business can lead to great financial success or great financial failure.  This fact helps to underscore why it is so important to work with an experienced broker who ...
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Dealing with Inexperience Can Ruin the Deal

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The 65-year old owner of a multi-location retail operation doing $30 million in annual sales decided to retire.  He interviewed a highly recommended intermediary and was impressed.  However, he had a nephew who had just received his MBA and who told his uncle that he could handle the sale and sa ...
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Is Your Business Really Worth Handing Over to the Next Generation?

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Before you begin your business, you should be thinking about how you will hand that business over to someone else.  No one runs a business forever.  Whether you sell your business or let a relative inherit it, at some point you will need to step away. When you finally do separate from your bu ...
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Erase the Stress of Selling Your Business by Finding the Right Buyer

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There is no denying the fact that life is much, much easier when one can find the right buyer for his or her business.  Buying or selling a business can be a stressful affair, but much of that stress can be eliminated by getting the right support. The Concept of the “Right Buyer”  In t ...
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Do You Know What Kind of Business Owner You Really Are?

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Does your business have real, long-lasting longevity or is your business a temporary entity that will vanish the second you stop working on it?  In his insightful article in The Business Journals entitled, “Are You Living for Today as a Business Owner or Building Value?” author Kent Bernhard ...
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Business Buyers Can Leverage SBA Lending

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Finding the money to start your own small business can be a challenge.  Over the decades, countless people have turned to the Small Business Administration (SBA) for help.  A recent Inc. Magazine article, “Kickstart Your Business Dreams with SBA Lending,” by BizBuySell President, Bob House ...
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How Employees Factor into the Success of Your Business

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Quality employees are essential for the long-term success and growth of any business.  Many entrepreneurs learn this simple fact far too late.  Regardless of what kind of business you own, a handful of key employees can either make or break you.  Sadly, businesses have been destroyed by emplo ...
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7 Big Questions to Ask Yourself Before Moving Forward

Posted by Frank Chebalo on

The first step towards successfully selling a business is finding a qualified business broker to work with.  Sellers should also ask themselves an array of important questions.  A recent article, “7 Questions to Answer Before Selling Your Business,” published by Good Men Project, has a gre ...
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The Historic Levels of Small Businesses Being Sold Drops Slightly

Posted by Frank Chebalo on

Looking to Sell your Business or looking to acquire a Business? Hampton Roads Business Brokers can help, and now may be the time. Here are some interesting statistics... The number of small business transitions continues to be strong for the first quarter of 2019.  In fact, despite a small d ...
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IBBA and M&A Source Market Pulse Survey Report Predicts Major Changes

Posted by Frank Chebalo on

The IBBA and M&A Source Market Pulse Survey Report for the fourth quarter of 2018 has a range of interesting insights. The survey’s purpose is to provide an “accurate understanding of market conditions for businesses being sold in Main Street (values $0-$2MM) and the Lower Middle Market ...
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Your First Conversation with the Seller: Making the Most of It

Business For Sale Buy a Business For Buyers

Posted by Richard Parker on

Prospective business buyers often make the terrible mistake of being overzealous when talking with a seller for the first time. I get it; you’re excited. Perhaps you have spent a ton of time looking at listings and do not want to waste any time on potential businesses that fail to meet your cr ...
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In Case of Emergency, is Your Small Business Prepared?

Business

Posted by Dick Halterman Murphy Business – Shenandoah Valley, Virginia on

Natural disasters may hit at any time of the year, but the recent wildfires in Colorado and derecho (line of violent thunderstorms) that cut a path across the Midwest and mid-Atlantic have made Americans aware that the atmosphere is often very unstable during the summer months. Have you given any t ...
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Evaluating a Red-Hot Market

For Sellers

Posted by Frank Chebalo on

A new article from BizBuySell entitled 2018 Set New Small Business Sales Record as Buyers Eagerly Exit Corporate World is quite an eye-opener.  Simply stated, businesses, all kinds of businesses, are selling like never before. If you have a business and you are considering selli ...
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Goodwill and Its Importance to Your Business

For Sellers

Posted by Frank Chebalo on

What exactly does the term “goodwill” mean when it comes to buying or selling a business?  Usually, the term “goodwill” is a reference to all the effort that a seller puts into a business over the years that he or she operates that business.  In a sense, goodwill is ...
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The Sale of a Business May Actually Excite Employees

For Sellers

Posted by Frank Chebalo on

Many sellers worry that employees might “hit the panic button” when they learn that a business is up for sale.  Yet, in a recent article from mergers and acquisitions specialist Barbara Taylor entitled, “Selling Your Business?  3 Reasons Why Your Employees Will Be Thrille ...
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Determining Your Company’s Undocumented Value

For Sellers

Posted by Frank Chebalo on

Business appraisals are not one-dimensional.  In fact, a good business appraisal is one that factors in a wide range of variables in order to achieve an accurate result.  Indisputable records ranging from comparables and projections to EBITDA multiples, discount rates and a good deal more ...
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Considering All of Your Business Real Estate Options

For Sellers

Posted by Frank Chebalo on

In a recent December 2018 article in Divestopedia entitled, “Options for Business Real Estate When Selling a Company,” the topic of business real estate was explored at length. One of the key points of the article was that understanding one’s business real estate options ...
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Four Significant Issues You Need to Consider When Selling Your Business

For Sellers

Posted by Frank Chebalo on

The process of selling a business can be very complex. Whether you’ve sold a business in the past or are selling a business for the very first time, it is imperative that you work with an expert. A seasoned business broker can help you navigate through what can be some pretty rough waters. Let ...
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What Sellers Don’t Expect When Selling Their Companies

For Sellers

Posted by Frank Chebalo on

In the proverbial “perfect world,” business owners would plan three to five years ahead to sell their companies.  But, as one industry expert has suggested, business owners very seldom plan to sell; rather, selling is “event driven.”  Partner disputes, divorce, burn ...
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The Importance of Understanding Leases

For Buyers

Posted by Frank Chebalo on

Leases should never be overlooked when it comes to buying or selling a business.  After all, where your business is located and how long you can stay at that location plays a key role in the overall health of your business.  It is easy to get lost with “larger” issues when buyi ...
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