How is inventory figured in the value of a business? For industries which have little or no inventory like service, professional, IT, etc., inventory is basically a non-issue in the valuation process. But for other industries such as retail, distribu...
Most business owners pay themselves a salary through their company’s payroll system. In addition, a high percentage of business owners represented by Praxis Business Brokers “enjoy” some (or in a few cases significant) perks paid by the company...
Things are looking good: you have accepted an offer on your business, and both you and the presumed buyer have signed a letter of intent. And the good news just keeps coming. The buyer has wrapped up due diligence with no issues surfacing; the bank h...
A true story: when – 4th quarter 2015; where – Oakland County, MI; what – read on
Our client, the owner of a very successful quasi manufacturing business, accepted an offer on his business from one of several prospective buyers whom we brought...
True Story: The following describes a real 2015 deal in which I was the business broker representing a very successful company being sold to a 45 year-old, well-educated buyer with both money and success in earlier business ventures.
Given the skill...