Recently I was introduced to Marvin L Storm. Marvin has a podcast titled Business Exit Stories, and he wanted me to share some of the experiences from our office on the subject matter from a business brokers perspective.
Some of the transactions we discussed include:
- A business owner’s reluctance to sign a long-term lease nearly led to a deal falling apart.
- The owner of a construction company designated a second employee to obtain the required licensing, which helped the owner sell his business.
- A business owner lost hundreds of thousands of dollars by continuing to work with a potential buyer who refused to deposit earnest money in escrow.
- A business owner’s meticulous bookkeeping helped them sell a business with a large contingent liability exposure (hundreds of thousands of dollars of gift cards).
If you’re the owner business, proper planning is key to a successful exit strategy. Listen below to learn more!
Don’t Sweat the Small Stuff.
Here at VR Business Sales, we manage the details of the transaction, freeing you to do what you do best, operate your business without distraction. When you work with our office, you can rest assured that your business transfer is being handled professionally and competently. If you would like more information on our services please call 813-260-3127.