Posts by Synergy Business Brokers
What is EBITDA and Why is it Relevant to You?
You may have come across the term EBITDA and did not fully understand what it means and also what it stands for. If this is the case, give yourself five minutes and take a closer look because it can be important in the value of your business. Here is what it means and how best…
Read MoreSelling a Family Business
The simple fact is that family businesses are different. After all, a family business means working with family and all the good and bad that comes with it. While an estimated 80% to 90% of all businesses are family owned, relatively few are properly planning for what happens when it comes time to sell. According…
Read MoreDefining Goodwill
You may hear the word “goodwill” thrown around a lot, but what does it really mean? When it comes to selling a business, the term refers to all the effort that the seller put into a business over the year. Goodwill can be thought of as the difference between the various tangible assets that a…
Read MoreWhat Do Buyers Want in a Company?
Selling your business doesn’t have to feel like online dating, but for many sellers, this is precisely what it can feel like. Many sellers are left wondering, “What exactly do buyers want to see to buy my company?” Working with a business broker is an excellent way to take some of the mystery out of…
Read MoreBuying (or Selling) a Business
The following is some basic information for anyone considering purchasing a business. Is may also be of interest to anyone thinking of selling their business. The more information and knowledge both sides have about buying and selling a business, the easier the process will become. A Buyer Profile Many of our Buyers are corporate buyers…
Read MoreThe Rise of Women Business Owners
The National Foundation for Women Business Owners (NFWBO) identifies trends relating to the small business climate for women. New studies examining the role of female entrepreneurs by the NFWBO have yielded some surprising and eye-opening results. A joint IBM, NFWBO study of the top fifty women business owners, as well as 10 additional “up-and-coming” business…
Read MoreBuying? Selling? Seven Key Points to Consider
Buying or selling a business is one of the most important decisions that most people ever make. Before jumping in, there are several points that should be taken into consideration. Let’s take a moment to examine some of the key points involved in buying or selling a business. Factor #1 – What are You Selling?…
Read MoreThe Importance of the Term Sheet
The value of the term sheet shouldn’t be overlooked. From buyers and sellers to advisors and intermediaries, the term sheet is often used before the creation of an actual purchase or sale agreement. That stated, it is important that the term sheet is actually explained in detail. Let’s take a closer look at its importance.…
Read MoreWhat happens when I find a business for sale I want to buy?
When you find a business for sale that piques your interest, the business broker will be able to answer some of your questions immediately or will research them for you. Then you will often speak with the seller and once you get your preliminary questions answered, the typical next step is for the business broker…
Read MoreSummary Articles on Selling your Business
A recent article from Divestopedia entitled “To Sell Your Business, Start with the End in Mind” explains the importance of planning your exit strategy in the early stages of your business. The article points out that emotion plays a big part in humans’ decision making process, and when a potential buyer perceives that the owner…
Read More