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If you are contemplating selling your business in 2024, you are probably wondering whether now is a good time. 2023 was a tough climate in which to sell a business. Inflation and interest rates were the highest they have been in over 40 years. So, it was much more challenging to get a bank loan.…
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There are many different things that can be included in the sale of a business. We’ll discuss what is typically included in the sale price so that you will know what to expect and be prepared to negotiate effectively. When buying or selling a business, many things are negotiable. When a seller is comparing two…
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When deciding to merge multiple businesses together is the right move for you and your companies, it helps to examine the pros and cons of mergers. Understanding what’s at stake and the potential advantages your decision can have will help you choose the right option for your business. Let’s take a look at the pros…
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1. Areas of Expertise Real Estate Agents focus on selling physical property and land. They sometimes sell businesses with the property, but it’s not their area of expertise. Business Brokers focus on selling businesses but sometimes sell the property with a business. If you are selling both your business and your property, you should get…
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Are you considering a career in business brokerage and wondering: how much do business brokers make? Or maybe you are already in the field of business brokerage and want to know how your earnings stack up against the potential of other business brokers and whether you could be making more. Business Brokerage is an exciting…
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Acquiring debt is sometimes part of running a business. You need to spend money to make money. Many business owners accumulate large amounts of outstanding debt when they first start a business. As the business starts to provide a return on its investments, the debt can be paid off. But what if you are ready…
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For the 2nd year in a row, Synergy Business Broker has been recognized as an Inc. 5,000 honoree. Companies that have been on this list over the years include Microsoft, Dell, Timberland, LinkedIn, FaceBook, Under Armour, Pandora, Zillow, and more. We are proud to be recognized among the other top companies in the country…
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Every year, over 500,000 businesses change hands. This figure is only expected to increase in the coming years as baby boomers retire and sell their companies. Purchasing an existing business is an enticing business tactic since it allows you to become an entrepreneur without starting from scratch. You get to avoid all the pain points associated…
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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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We will discuss some of the effective ways to write an ad to sell your business. If you are considering using the services of Synergy Business Brokers, it will give you an idea of our thought process. We work closely with our clients, so the more educated you are, the better off our collaboration will…
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How Long Does It Take To Sell A Business? Many business owners want to know how long it will take to sell their company. While no one can give you an exact amount of time, we’ll discuss some of the factors that go into the length of time it takes…
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When it comes to buying or selling a business, one crucial decision that needs to be made is whether to structure the transaction as a stock sale or an asset sale. Each option has its advantages and implications for both the buyer and the seller. Understanding the key differences and considering various factors is essential…
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For anyone interested in selling their company, one of the first questions they might have is, who is the right buyer to purchase their company, and how do we find them? At the beginning of the process, you often don’t know who the right buyer is. It’s important to keep an open mind. However, certain…
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Many business owners dream is to pass down a successful business to their children. If your children have experience in your business and are qualified to run it, then this might be your best option. However, with a decision this important, you want to make sure that it is the right decision. Transitioning a business…
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Many people get exposure to buying a business on shows like shark tank which shows investors making a decision in a few minutes. The reality is that buying a business is a process that unfolds over time. Business Brokers can assist potential buyers in this process. We’ll discuss how you can establish good relationships with…
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After marketing your business for sale, you now have interested buyers. Those buyers will have questions before they purchase your business. And, before you speak with the buyer you want to be prepared for the questions that they might ask you. If you are an interested buyer, below is a great resource on questions to…
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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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Finding the right Business Broker or M&A firm to sell your company is an important decision. There are many good Business Brokers and M&A firms out there, but just because they’re good doesn’t mean they are the right fit to sell your company. In the 11 tips below, we’ll give you some ideas on how…
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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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Deciding to sell your business can be an emotional rollercoaster. People choose to do so for a variety of reasons, such as: You’re ready to retire A new opportunity has caught your attention You’re facing financial hardships due to a difficult fiscal year or divorce You’ve decided to take your life in a different direction…
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