Many optimistic business sellers research the internet for the holy grail of pricing their business. They're looking for the perfect article, youtube video, or business expert to reference a "Magic Multiple" they can use to calculate a lottery-ticket sized sale price for their business. As good as the inflated price sounds, there is no magic [...]
This business-for-sale was brought to Alliant Capital Advisors by a family member. The small specialty home decor retail store which had been in business for 16 years was under duress because the owner had suddenly passed away. The family was not in a position to operate the business, so a buyer needed to be found [...]
I often consult with business owners with over 30 years of operational history. They usually own all their vehicles, equipment, inventory, and real estate completely debt-free. This is a great accomplishment, and they should be proud to have paid down their debt! Unfortunately, a side-effect of owning everything outright is that business owners often reduce [...]
