Nothing is more of a bummer to us than seeing a sellable small business close its doors, rather than move into a new owner’s hands. If you are ready to change your career and leave your business, sell your business. Do not close. Here are a few common reasons very small business owners give […]
Sell Your Small Business. Don’t close. Read More »
When it comes time to sell your very small business, you’ll need to consider how your future buyer will pay for the business. You may wish to consider offering seller financing for some or all of the purchase price. What Is Seller Financing? Seller financing is when a business seller offers the business buyer a
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If there is one thing we’d tell every single very small business out there about selling their business, it would be this – start planning for your business sale now (even if you love your business and cannot imagine every selling it). The earlier in your business ownership that you consider plans for selling, the
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In the sale of a small business, the role of the owner often has a meaningful impact on value. An easily replaceable and less involved owner brings higher values. A more involved owner brings reduced valuation. Potential buyers always ask about the role of the owner, often in the very first contact they make with
Role of the Owner & Business Valuation Read More »
Do not make any significant changes to your business when it is for sale. In the months leading up to a business sale, you’ll want to carefully get everything ready. Once the business is listed for sale, you will want to avoid making any changes to how you run your business. Here are some specific
When your Business is For Sale Read More »
Stu News Newport is reporting that Balboa Island’s Sugar ‘N Spice is for sale. Normally, when a business is for sale, the name of the business is not disclosed to potential buyers upfront. You’d see an ad saying something like “Historic Newport Beach Dessert Ice Cream and Dessert Shop for sale”. Potential buyers would see
Advertising Business for Sale Read More »
In the overwhelming majority of sales, owners of very small businesses do not want the world to know that their business is for sale. So, how do you find the right balance between advertising your sale and making sure that only qualified potential buyers find out about the sale? Obviously, you’ll want to have a
Keeping your Business Sale Confidential Read More »
When it’s time to sell your Pilates studio in California, you want to work with people who actually understand what Pilates is. You need a team to support you who knows how your schedule software works, who your clients are, and the nuances of how you teach Pilates at your studio. We know Pilates. Murphy
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Many fitness businesses offer specials or discounts to entice members to commit or sign up for packages. When it comes time to sell, does this affect your business valuation? It depends. To get you thinking, here are a handful of scenarios that we’ve seen at fitness businesses. If your business offers specials from time to
Discounting & specials at your fitness business affect valuation? Read More »
The boutique yoga studio scene in California has thrived over several decades. A passion for yoga and its many forms has inspired thousands of devotees to open studios all over the state. From retreat shalas in the forest to bustling big city, high-traffic studios, the market has proven itself to be resilient and fertile.
Thinking of Selling Your California Yoga Studio? Do these things first Read More »