The Deal Board Podcast
What I Wish I Knew: Stories from Business Sellers

Episode 52

What I Wish I Knew: Stories from Business Sellers

"1st Anniversary Show"

Description:

It has been 52 episodes of the Deal Board Podcast, one year of talking about business, valuation, different locations around the world and especially helping small business owners to understand the different markets and to get them closer to closing better deals. Andy and Jessica are looking forward to a great second year; soon Transworld Business Advisors will be launching a new website as well as the recent opening of their YouTube Channel. In this episode, you will hear business sellers talking about what they wish they knew. It is common that business owners enter the process of selling not knowing much about what is about to happen. They have never sold a business before, and it is hard to make decisions while receiving different or even conflicting advice. Listen to this episode to know what different scenarios you must consider when pursuing the sale of your business.

Key takeaways:

[5:11] Deal of the week: Tom Jones (Fort Lauderdale). Riverfront Gondola Tours, Dinner Cruises Company, six years in business. The General Manager bought the business through an SBA loan.
[7:04] When is a good time to sell?
[7:23] Catherine Jaffee, founder and president of the House of Pod.
[8:50] Alie Elman.
[9:20] Ali talks about her experience of not selling on time.
[11:17] Catherine Jaffee talks about being the founder of Hose of Pod.
[12:51] The different drivers to selling a business.
[14:25] It is always time to sell; keep your books and records in order.
[15:28] Being your own boss, vs. working for others.
[17:02] Doing the right thing for the company.
[18:30] When the big company comes along.
[19:52] Listing of the week: Alex Dvorak (Denver). Owner absentee restaurant opportunity. Located at the edge of downtown. In business for six-and-a-half years. Price: $281,000. Owner benefit, $135,000.

Show Notes:

Listings of the week: Alex Dvorak (Denver). Owner absentee restaurant opportunity. Located at the edge of downtown. In business for six-and-a-half years. Price: $281,000. Owner benefit, $135,000. Call Alex at 720-526-0528 or email alex@tworlddenver.com.

Mentioned in this episode:

Tweetables:

Have Questions?

Use the form below to submit your question.

Privacy Notice:

We are committed to safeguarding the personal data privacy of our clients. This policy applies where we are acting as a data controller with respect to the personal data of our physical and digital forms, website visitors and service users; in other words, where we determine the purposes and means of the processing of that personal data. By checking the opt-in box shown below, you are agreeing with the terms of this policy and allowing us to use this data for the purpose to evaluate you or your company as an applicant. In this policy, "we", "us" and "our" refer to united franchise group, a group of affiliated companies and brands. Please read our complete Privacy Policy at www.trustufg.com.

I Agree to Privacy Terms:*
Agreed