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Buying or selling a business in 2021

Despite what many people think, 2021 is a good time to buy or sell a profitable business. In fact, we sold more businesses in 2020 than any other year, and 2021 is shaping up to be even better. We’ll cover some of the reasons why the outlook for 2021 is favorable for buying or selling…

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sell my business in 2021

If you are contemplating selling your business in 2021, you are probably wondering whether now is a good time. With a pandemic and recession, many businesses are having trouble. However, some companies are thriving. Synergy Business Brokers has been selling profitable companies for almost 20 years. Our sales in 2020 were the best they have…

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Is it time to consider selling my business

The COVID-19 pandemic forced businesses across the country to close temporarily, impacting their profitability. Whether or not your business was considered essential, many industries were affected by the economic shutdown that occurred in 2020. The economic uncertainty in the U.S. is currently only one of the many reasons that people consider selling their business. Let’s…

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Exit Strategy for selling my business in 2021

As you are well aware, the coronavirus or covid-19 pandemic has rapidly transformed the world’s economy and the layout of businesses of all sizes. Not only are more employees working from home, but more and more businesses are using this time to develop their exit strategy to prepare to sell their business. At this point,…

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What do I need to know to Buy a Business in 2021

    There are many advantages to buying an existing business, one of which is that it is already established. There is a working business model, employees, assets, products and services, and customers already set up. With the foundations already in place, the business’s new owners can pour their efforts into making the acquired venture…

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How to handle your emotions when selling your business

Emotions come in to play in most things in life. However, selling your business is likely to generate more emotions than most other experiences. This is because usually you have spent a lot of time working in your company and have a lot invested both financially as well as psychologically.  The sale of your company…

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Things to Consider before deciding to sell my company

There are many things to consider before you decide to sell your business. Some of them are financial, some are emotional, and some involve the business sales process. Having worked with sellers for almost 20 years, we have a lot of insights into this area and can give you some factors to consider before you…

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Is it the right time to sell my company

If you’re a business owner and wondering if the time is right to sell your company, you understand that selling something you have built from the ground up is not an easy decision. We often hear questions such as “How do I sell my company confidentially? How do I get the best price for my…

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buying selling a business social distancing covid 19

With the COVID-19 Pandemic, now is a challenging time for a lot of things, including buying or selling a business. However, the good news is we have helped a number of our clients to sell their businesses since the Pandemic lockdown started in March. As with anything worthwhile, it is a challenge that can be…

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selling a company with monthly recurring revenue

If you are thinking of buying or selling a company, you may have heard the term: recurring revenue. But what exactly is recurring revenue? Recurring Revenue is the part of a company’s revenue that is expected to continue in the future. It is not necessarily guaranteed to continue in the future, but it’s much more…

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how to sell a business quickly

The average business takes 6 to 10 months to sell. But every year we sell some companies in only a couple of months, and some businesses take a year or more to sell. If you were wondering how to sell a business quickly, we are going to examine some of the factors that lead to…

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Sell Company myself or hire business broker

If you own a company and are thinking about retiring, then you may be wondering: Should I sell my company myself or hire a business broker? You may be deciding whether to pass your business down to one or more of your family members. Some considerations are, do they have the capabilities and interest to…

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how much is my business worth?

If you are wondering, “How much is my business worth?”, we’ll provide some guidelines for how companies are valued.  If you are considering buying a business, this article also will provide some information on how companies are valued.  There are a lot of factors that go into what a company will sell for.  We outline…

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Can I still sell my company with coronavirus covid 19

Coronavirus has captured the attention of people across the globe and for good reason. It is a scary and unpredictable time. However, if you own a business and are interested in retiring, it doesn’t mean that you necessarily need to delay your retirement. If you own a company that has an annual net income of…

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difference between business brokers m&A firms

If you are considering selling your business, you may be wondering what the difference is between Business Brokers and M&A firms. They both handle the sale of businesses. To make matters more confusing, some advisory firms that handle the sale of businesses are a combination of an M&A firm and a Business Broker.  We’ll compare…

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best buyer for my company

There are a lot of factors that determine who is the best buyer for your company. Part of it depends on your goals. Some business owners think they know exactly who the right buyer is. However, we find that it is important to keep an open mind. The buyer that you think is perfect may…

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Calculator

Should I pay an upfront fee for selling my business? You have worked long and hard to build up your business, and now you are thinking of retiring. The question is, how should you go about selling your business and what types of fees can you expect to pay? Some Mergers & Acquisitions firms and…

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