Is it time to sell my business? As we start to navigate our way through the new year and the challenges it brings us, there are a few things to reflect on before we get into full swing. Technology Technology continues to develop and becomes more integral in our daily lives, cyber-security becomes more…
Archive for the ‘News & Update’ Category
Implement. Upgrade. Clean House.
Wednesday, January 22nd, 2020
Why Do Owners Decide To Sell Their Businesses?
Monday, December 23rd, 2019Have you been asking yourself, “Should I sell my business now?” If you are not sure how to identify that, consider these 5 critical factors that may be signs that you should start the selling process. Fatigue & Stress Running a business is much more than a full-time job. Over the years the energy…
3 Important Things to Keep in Mind When Selling Your Business
Wednesday, November 27th, 2019Understanding the Right Business Decision For You Rising sale prices for businesses have presented sellers with an excellent opportunity to take the leap. In fact, 60 percent of owners are confident that they would receive a favorable sale price if they sold their business today. It can be tempting for owners to jump into a…
Is Your Tax Strategy Devaluing Your Business?
Friday, November 1st, 2019As business owners, we all know owning a business is not about how much money we make; it’s about how much money we take home. Realize it or not, there is an unwanted, silent partner in our business taking a large percentage of the profits…. taxes. Most business owners do not want to pay any…
3 Ways to Facilitate a Successful Sale
Thursday, October 17th, 2019If you’ve been thinking about selling your business lately, there is no better time than now to start preparing for the sale. Planning meticulously, observing marketing conditions, and preparing your business are all things that will increase your selling price. Strategically positioning yourself and your business to be viable for prospective buyers will play an…
Why Do Business Owners Choose Gateway?
Thursday, September 26th, 2019When you’re ready to sell your business, it is imperative to use a business brokerage firm that has a great system in place. The key to a successful sale is to have a team of experienced business brokers by your side who know how to market your business. How Marketing Can Transform Your Listing…
When is the Right Time to Sell?
Thursday, August 22nd, 2019The owner of a successful company is considering selling their business, thinking now would be a good time to sell. However, they are told by an outside adviser that since business is good, they should hold on to the business for a few more years and get a higher price for it. On the surface,…
What is the Difference Between a LOI and an OTP?
Tuesday, May 14th, 2019Buying a business can be quite confusing especially when it comes to agreements, contracts, and the titles that go along with them. You may have heard someone use terms like term sheet, letter of intent, offer to purchase, and purchase agreement. They all sound similar, but are they? What exactly is the difference between an…
How Long Will It Take to Sell My Business?
Monday, April 22nd, 2019How To Sell My Business Fast There are many factors that influence how long your business is on the market. Some factors cannot be controlled, such as the current market condition. However, there are many factors that the seller has control of: Asking price in relation to profit Transparency of the financial information Diversification of…
Is Selling A Business Like Selling My House?
Monday, April 22nd, 2019The short answer is no. Business owners are often looking to sell their business in the shortest amount of time possible. The sale of businesses is often compared to real estate sales and the expectation is often that the business will sell within a 30-60 day time frame. This is not an accurate comparison or…
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Gateway’s brokers are always willing to assist business owners and prospective business buyers with education, resources, and guidance through the process of buying and selling businesses. We are here to answer any questions to make the selling & buying process a smooth transition. Call or Email for a free consultation.