Blog

Quick Reference Guide For Covid-19 Assistance Package / Paycheck Protection Program Application Form and Borrowers PPP Info Sheet

By Tim Bellon | April 2, 2020

The below guide provides an overview of the key government support initiatives to aid individuals and business owners mitigate the financial impact of the coronavirus pandemic. The information below is subject to change as additional details emerge around how these programs will be implemented. Linked content is deemed to be reliable but not vetted or endorsed for…

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Coronavirus Guidance to Small and Medium Business Owners

By Tim Bellon | March 27, 2020

I am not going to regurgitate the “trying times” and “focused on the safety and well-being” speech – you’ve heard it and if you’re like me you are tired of it so here’s some information and suggestions you can actually use: Small and medium business transactions are likely to take more time to complete. An…

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Help Yourself – Landlords and Rent Relief

By Tim Bellon | March 25, 2020

The monthly rent obligation is one of the largest recurring expenses that most business owners incur and the lifeblood of the landlord’s existence. The functional aspects of the landlord-tenant relationships and lease agreements should be an immediate focus given business uncertainty due to the Coronavirus, and the unwinding of the economic bailout/stimulus package over the…

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What Your Business Broker Doesn’t Tell You: Why Deals Fail

By Tim Bellon | March 23, 2020

There is a sad fact about business sales that nobody wants to talk about. Most of the time, businesses that are listed for sale never make it to the closing table. As shocking as that may seem, even if you hire a business broker and do all the right things, circumstances outside of your control…

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COVID-19 UPDATE

By Tim Bellon | March 22, 2020

We have all gone through a number of forgettable events during our lifetimes, to include 9/11 and the Great Recession, and we can now add the Coronavirus to that list. With the Coronavirus, we are presented with both a personal health and professional challenge. With regards to our health, we are being instructed at all…

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Business Exit Stories Podcast Interview

By Tim Bellon | February 17, 2020

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…

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The Advantages of Buying an Existing Business

By Tim Bellon | January 20, 2020

Congratulations are in order as you have made the decision to buy a business and to become a member of the fraternity of business owners. You are not alone, as there are a multitude of entrepreneurs navigating their way through the process of buying their own business, weighing the costs and benefits of becoming being…

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It Is Inevitable – You Will Leave Your Business

By Tim Bellon | December 23, 2019

There will come a time when we will all leave our businesses.  What separates how this happens and the outcome depends on the path that we take when this time comes.  Some of the most common ways that business owners leave their businesses include; selling to a third party, transferring to a family member, and…

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Advice To Help Get Your Business Ready To Sell

By Tim Bellon | November 19, 2019

You have finally decided that the time is right to sell your business.  The market is still strong, banks are lending, and you have a compelling reason to sell.  Now what?  You need to get your business in shape prior to listing it for sale.  Here are some pointers that can help get you ready.…

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Determining the Value of a Business – Get it Right from the Beginning

By Tim Bellon | October 22, 2019

If you have ever watched the popular MSNBC show The Shark Tank, you have witnessed the Sharks grilling the participants on the valuations that they have placed on their businesses.  In the real world of business transfers/sales, business owners can expect the same type of scrutiny.  In a previous post we wrote about four questions…

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