The Power of Seller Financing

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Everywhere you turn, there is some amount of information related to the pandemic or other social issues. It should come as no surprise that COVID-19 has affected every other aspect of our lives, including our jobs and businesses. With all the negative changes, some positive changes have also come. How, you might ask? In a season with much economic uncertainty, the government, private banks, and ev

The impact on business valuations as a result of COVID-19

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The impact on business valuations as a result of COVID-19 COVID-19 came and felt like it was here to stay. With numerous business closures, furloughs and lay-offs, one might wonder if we can ever recover. The good news is, some economists project a steady recovery as cities begin to loosen restrictions and businesses become operational. That said, as a small business owner, you might be wondering

COVID-19 Related Business Owner Opportunities

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As we enter the middle of the year, we still do not see a true end in sight for COVID-19. It can be frustrating – not knowing how much longer plans for going to concerts, vacations, and other treasured activities may have to remain on hold. Thankfully, we are here to tell you that the plan to sell your business does not need to be one of those. When you have a solid business (one that is lik

How to Prepare Your Business for a Post-COVID-19 Sale

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  COVID-19 changed many life plans for countless individuals around the globe. Certainly, the same is true for you, your family, and your business plans. If this pandemic has put your business sale on hold, there are certain things to consider as the world begins to reopen. The main question many entrepreneurs have is whether or not to delay sales and purchases. That might not be necessary.

Small Business Owners are Wise to Plan Ahead

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As a small business owner – especially one very content in their current state, it is very possible that the idea of selling could not be further from your mind. However, planning for what may come in the future has never hindered anyone. In fact, it may help you in the long run. There are certain measures you can be taking right now that do not add any major work but can be highly beneficia

Conquer Your New Year's Resolution: 5 Steps to Prepare Your Houston Business for Sale in 2020

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New Year’s resolutions are inspiring – they are a great way to start the new year on the right foot. Whether you are looking to get healthier or fitter, more educated or cultured, setting up personal goals is never a bad idea. That said, you can do the same for your business. As an entrepreneur or business owner, your 2020 goal might be to sell your business. If that is the case, consi

Is 2020 the Right Time to Sell your Business?

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Houston has been seeing increasing economic growth throughout 2019 with projections of continued growth into 2020. With this strong economy, small businesses have been thriving - making it a great time to sell your Houston business. Without a doubt, your specific industry is going to affect how well your business will sell but the strong market in Houston makes 2020 a strong year to consider listi

Business is Thriving in Houston as the Fourth-Largest City

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Houston is not only the fourth-largest city in the United States, but in recent years, it has also seen economic growth when not all the rest of the country has been so lucky. In fact, the city saw some of the nation’s sharpest declines in unemployment – creating nearly 80,000 jobs in recent years. Economists attribute some of this growth to the increase in demand for the production of

Confidential Evaluation

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Business Evaluation – Confidential Evaluation  A business valuation is a process for determining the economic value of an owner’s interest in the business. In essence, it is the calculated cost of all tangible and intangible assets that provide an appropriate listing price when selling a business. The common question is, however, how does one do a business valuation?  As ex

Why Sellers Sell Existing Businesses

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  There are a number of reasons why someone might decide to sell their business. No matter what, rarely is the decision an easy one. A business is a major investment – and not just financially. To build a business from the ground up, one must dedicate a lot of time and make significant sacrifices. However, the decision to sell does happen often, and a transition of power is very common

7 Ways to Maximize the Value of Your Business

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  One thing is determining the value of your business, it is another to maximize that value. When you want to sell your business at the highest fair price, it has to meet certain requirements. Preparing your business long before it is listed can absolutely make a difference when it comes to maximizing the value. When in doubt, work with a business advisor to adopt these business goals to max

How to Determine When is the Right Time to Sell

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More often than not, the decision to sell your business comes from personal reasons more so than financial concerns. For instance, you might be looking to sell your business because you have lost passion for it or it is time to retire. That being said, the average timeline for selling a business is 6 to 9 months. This means that there is a right and wrong time to sell your business. When in doubt,

Obstacles Small Businesses Face and Solutions

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Small businesses are essential for local culture and are a major part of communities of any size. However, with competition from large corporations who can afford to make their products and services more affordable for consumers, it’s sometimes tough to be a small business. There are 4 major challenges you may face as a small business owner but thankfully, there are solutions. Funding

5 Reasons Why Some Businesses Sell and Others Don't

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The science of selling a business can appear daunting, especially when it is your first time. However, understanding why some businesses sell, while others do not, can help prepare you for your turn. From financial statements to listing price, every aspect of your business will be seen under a microscope before a buyer is willing to make a major investment. To fully grasp whether or not your bus

Reputation Management: The Impact of Online Reviews on the Sale of Your Business

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Reputation is everything – this is not just true for individuals. A business’s reputation can make or break its success, as consumers are much more likely to spend their money on products and services they can trust. When the time comes to sell your business, consider searching the web to find out what customers have been saying. Positive Reviews It is difficult and unwise to disre

Preparing to Sell: Franchise Resale

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In 2018, there were just shy of 760,000 franchises in the United States alone. This rapid growth rate of 1.9% increased the employment rate in franchising by 3.7% adding 8.1 million workers.    When a small business begins to do well in its local neighborhood, a business owner may find that franchising is the appropriate next entrepreneurial step. That being said, as the owner of a fr

Preparing to Sell: Manufacturing Business

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A manufacturing business is formally defined as any business that uses components, parts, or raw materials to make a finished product. These products can either be sold directly to consumers or to other manufacturing businesses that use them to make another product. With both a business-to-business (B2B) and business-to-consumer (B2C) aspect, this type of business has a diverse customer base. To

Why Now is the Right Time to Sell a Business

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According to BizBuySell, the selling price for small businesses sold in Q3 this year was up 10.7% from the same time last year. With the US economic outlook as healthy as ever, this is proving to be a great time to sell a business. In fact, the US’s gross domestic product (GDP) rate, which measures the market value of all final goods and services, is expected to remain at the ideal range of

Preparing to Sell: Bar/Night Club

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With millions of Americans currently above 18 and 21, it is no wonder the nightclub and bar industry is growing exponentially every year. In fact, the industry reached 23.15 billion US dollars in 2015, seeing its greatest growth following the mid-1990s. This sector includes bars, pubs, lounges, taverns, and nightclubs - defined as establishments that sell alcoholic beverages for immediate on-site

Preparing to Sell: Gym/Fitness Center

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A gym or fitness center is not unlike other businesses with a product to sell - a membership in exchange for the ability to use the facilities makes it a popular and lucrative industry. If you are the owner of one or multiple franchised fitness centers and are looking to sell, here are a number of factors to consider in preparation. Business Valuation & Determining a Selling Price First and fore

Preparing to Sell: Electronics/Technology Company

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With technology continuously evolving and improving, there is always room for growth. For instance, software development shows high job growth of 30.7% annually – the highest in the industry. Employees at these companies have a median salary of $100,000, which is considerably higher than the national average. Considering the fact that this is only one facet of a multi-faceted industry, the e

How to Valuate Your Company's Worth

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In order to sell your business, you must first determine its worth. What will be your asking price? How is this price calculated? Do you have supporting documentation for the price?  The factors surrounding your business’s value can be as simple as your annual profits to as complex as its overall market standing for the industry. There are a number of ways to determine your company&rsqu

Preparing to Sell: Oil Company

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The oil and gas industry is an incredibly lucrative source of employment and contributor to the national GDP. In fact, it is considered the biggest sector in the world in terms of dollar value because it generates billions globally. This is due, in large part, to the fact that it is a highly necessary energy resource with an estimated 30 billion barrels consumed around the world each year. Althou

7 Helpful Ways to Decide If It's Time to Sell Your Company

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You have poured your life into your business, growing it from the bottom up, nurturing it all the way. Your idea has turned into a tangible, lucrative project that not only affected your life but that of your employees and customers. However, after a dream has turned into a reality, there is hard work and persistence involved. There comes a time when a business owner may need or want to sell to ei

Preparing to Sell: Home Construction Company

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The residential construction industry was worth 600 billion dollars in 2016 with projections of continued growth in coming years. Whether you own multiple rental properties, are a new homeowner or are moving into a larger house as your family grows and needs more space, chances are you have called a home improvement company for one service or another. Whether it is roofing, flooring, plumbing or p

Preparing to Sell: Home Services Business

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A home services business involves a business that, as the name suggests, provides a service in residential homes. From plumbing and landscaping, to flooring and painting, experts in home repair and improvement can create a business around their specific set of skills. Buying an existing business, rather than starting your own business, can be beneficial in both the short and long term. This can be

Is Your Business Ready for Sale?

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Coming to the decision to sell your business comes with time and likely a lot of deliberation. Once that decision has been made – whether you’ve come to it with a desire to pursue new endeavors or retire after years of hard work - it is time to determine if your business is ready for the sale. Transworld Business Advisors of Houston has a checklist every business owner should consider

Preparing to Sell: Medical Practice

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Selling your medical practice is much like selling any business. There are steps that need to be taken to prepare the business for a sale and many things to consider once the business is finally on the market. First and foremost, it is important to consult with professionals who have extensive knowledge and experience selling businesses in the medical industry. Working with experienced appraisers,

Selling Your Business: Using a Business Broker vs. Selling by Owner

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You have come to the decision that it is time to sell your business. We understand that a lot of blood, sweat, and tears went into growing it. Furthermore, the decision to sell can come from a multitude of personal and business-driven reasons. That being said, you would not have come to this decision unless you felt like it was the best move for yourself and your business. Now that you’ve ma

Preparing to Sell: Daycare or Pre-School Facility

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If you are considering selling your Houston area daycare or pre-school center, there are certain measures to be taken as you prepare to list and sell the business. You may choose to save a little money and sell on your own, but there is value in seeking professional help from brokers, lawyers, and appraisers to ensure you are getting the most for your business. In the US, there is a large demand

Preparing to Sell: Education Center

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Now is a great time to sell your education center. The industry is thriving, so there will likely be many potential buyers for your business. A Gallup Poll survey conducted in August 2017 showed that Americans rate private education centers significantly higher than other types of schools. The survey of 1,017 US adults aged 18 and older found that 71% of participants regarded independent educati

How to Keep Your Business Sale Confidential

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Many business owners who try to sell their own businesses in the Houston area have found it challenging to keep the potential sale confidential. However, keeping the fact that your business is for sale quiet is extremely important for many reasons. For example, if customers know your business is for sale, they may consider moving their account to your competition out of concern that they will not

Preparing to Sell a Retail Store

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If you are preparing to sell a retail store, now is a good time to do it. U.S. retail sales rose 0.4% in December 2017 and were up 5.5% year-over-year, according to the US Census Bureau’s January 2018 report. The monthly increases were due to a 1.2% increase in building materials sales and online transactions. However, grocery sales rose 0.7% and furniture sales rose 2.5%, while electronics

Preparing Your Business for Sale

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Once you have decided to sell your company, there are several steps you need to take to prepare your business for sale. First, you need to understand what it is worth within the context of your industry and the market for businesses like yours. Start by gathering all of the pertinent financial documents, including: Three Years of Audited Financial Reports Five Years of Auditor’s Letter

Are You Ready to Sell Your Business? Ask Yourself These 5 Questions

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Have you been thinking about selling your business? There are many reasons for wanting to sell your business . . . you may be tired of working long hours, it may be time to retire, or maybe you want to explore new opportunities. Whatever the reason, selling your business is not a decision to take lightly. Make sure selling your business is the right decision for you and your business at this time.

Preparing to Sell: Lawn/Landscaping Business

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Are you considering selling your lawn or landscaping business? Landscaping services reported 78 billion dollars in revenue in 2016. 80% of contractors described the industry as very healthy. Despite an intense year full of forest fires and hurricanes, 86% of all new, old, large and small landscaping businesses across the United States turned a profit in 2016. Between the landscaping industry&rsquo

While Using a Business Broker, Here’s What You Can do to Help Sell Your Business

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Business brokers are responsible for helping business owners sell their businesses and help potential business owners find a business to purchase that fits their needs and wants. Brokers are responsible for evaluating businesses and providing business valuations, establishing listing prices, screening potential buyers, and working with other professionals involved with the sale such as lawyers and

Preparing to Sell: Restaurants

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Between long business hours, dealings with employees and vendors, and the overall work culture, the restaurant industry is like no other industry. Similarly, selling a restaurant entails unique challenges and steps that other businesses do not necessarily have to worry about. However, this doesn’t mean selling your restaurant is impossible, as the industry shows signs of good health and in

Steps to Take Prior to Selling Your Business

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There are several reasons to sell a business. Some business owners find themselves in over their heads, others may find themselves drawn to new ventures and yet others may be ready for retirement. Have you considered selling your business? Look at our tips on steps you should take before making the decision to sell your business. Step 1: Why do you want to sell? First, determine your reasons t

Preparing to Sell: Automotive Business

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Are you considering selling your automotive business? Selling a business is complicated and often overwhelming if you’re tackling this alone. Finding a broker who understands the ins and outs of automotive businesses is even harder. Transworld Business Advisors of Houston has successfully sold a variety of automotive businesses and is home to many experienced advisors that

Thinking of Selling Your Business? Know It's Worth

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Have you decided to sell your business? Not sure how much your business is worth? Deciding to sell your business is a big step, don’t take it alone. Our brokers at Transworld Business Advisors of Houston will happily perform a business valuation report for your business. What does this mean? This means that our experts will look at a variety of contributing factors when it comes

How to Sell Your Business: A Basic Guide as Told by Transworld Business Advisors of Houston

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The experts at Transworld Business Advisors of Houston can assist sellers in the sale of their business. Our proven 10-step process has successfully sold hundreds of businesses. Our goal is to help you achieve the best possible price for your business for you, leaving you time to take care of the things that matter most to you. There are several benefits to using a business broker when selling y

3 Tips on Preparing Your Business for Sale

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1. Reduce or eliminate owner dependence. The less important you are to your business, the more marketable your business will be. Businesses that are dependent on the owner are tough to sell. Buyers love businesses where the owner plays a very limited role. 2. Increase recurring revenue as a percentage of total revenue. The more long term contracts you have in place, the more valuable

Buying or Selling a Business in Houston: Know Your Economy and Major Industries

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Looking to buy or sell a business in Houston? Transworld Business Advisors of Houston has you covered. Our experienced professionals know about Houston’s major industries which will help you when making a purchase or sale decision. Houston By the Numbers Houston’s mix of international appeal and Southern charm have captured the attention of corporations and entr

Houston's Industry Spotlight: Day Cares

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Transworld Business Advisors of Houston is active in all industries, from services to manufacturing. Child care, including day cares and learning centers, is a business industry in which many have sought to purchase or sell. Child care is a hugely important part of American life and a key contributor to the economy. According to First Research, the US child care services industry includes

Ready to Sell Your Houston Based Business? A Seller's Checklist

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If you have decided that selling your Houston-based business is the right exit strategy, you will want to make sure that you understand the steps involved in the process. These include having a good understanding of why you’re selling, the timing of your sale, your business valuation, what financial statements are required, the process of finding a qualified buyer, and how you plan to sell y