Frequently Asked Questions
The late Roger Murphy, founder of Murphy Business, addresses many questions a business owner may have as they contemplate selling their business.
What is My Business Worth? What is the value of my business is the number one question that all sellers ask when contemplating a sale, and of course, the concern of most buyers when purchasing a business. Watch the video above to learn more.
What are the Tax Ramifications of Selling a Business? Selling your business might be the single biggest asset you ever sell. So, understanding your tax liability should not be taken lightly. Without proper allocation of the purchase price, you might be shocked by your tax liability. Watch the video above to learn more.
Do I Have a Sellable Business? Many business owners are shocked when they hear their business is either worth much less than they thought, or that it has no sellable value at all. In order to assist you in learning if your business is sellable, let’s look at the top 9 things that make a business unsellable. Watch the video above to learn more.
Should I Offer Seller Financing? Offering seller financing can be of great benefit when selling your business. It is very common for the sale of a small business to include seller financing as part of the deal. In some cases, this is the only way the deal will get done is if the seller is willing to hold a note for the business or if the owner finances part of the business purchase. A seller who demands an all-cash deal will usually receive a lower price for the business, sometimes as much as 30% to 40% lower. Watch the video above to learn more.
When Should I Contact a Business Broker? As soon as you start considering the option of selling your business, even if it is 3-4 years in advance, you should consult with a business broker. We can put a plan in place to prepare your business for sale. Watch the video above to learn more.
Finding the Perfect Buyer. Finding the best buyer is a systematic process that we have mastered. It all starts with the business assessment and knowing that the price we are asking is fair market value. In cases where a broker has not done a complete and thorough assessment before listing the business, they do not really understand your business and do not know the profile of the perfect buyer, so your time is wasted meeting unqualified buyers. Watch the video above to learn more.
What is the Process of Selling a Business? Deciding to sell your business can be scary and without a knowledgeable guide, it can be overwhelming and confusing, not to mention a legal and tax nightmare. Our process is specifically designed to assist first time sellers and streamline the process for more experienced sellers. Watch the video above to learn more.
What are the Different Types of Business Valuations? Whether you are selling your business or have a need to establish the value of your business for other purposes, there are several different types of valuations. Watch the video above to learn more.
Advantages of Using a Business Broker. A business broker is a professional that acts as an intermediary in the transfer of ownership of a business. Because of their specialized training, not only will a business broker assist you to get the deal closed, but they can also significantly increase the amount you walk away with. Watch this video to learn how a business broker adds value to the business owner.