by Alex Khabbaz | Jul 28, 2024 | Helpful Tools
A Letter of Intent (LOI) in the context of buying or selling a business is a formal document that outlines the preliminary understanding between the buyer and the seller before the finalization of the transaction. It serves as a framework for the negotiation process...
by Alex Khabbaz | Jul 28, 2024 | Helpful Tools
Using a business broker offers several benefits to both sellers and buyers, making the process of buying or selling a business smoother and more efficient. Here are some key advantages: For Sellers: Expert Valuation: Brokers provide an accurate valuation of your...
by Alex Khabbaz | Jul 28, 2024 | Helpful Tools
This is an especially hard question to answer on your own. Especially if you’ve never hired a business broker before. Most first time sellers make the mistake of hiring a broker that is maybe “flashy” or promises the world. Choosing a broker because of his promises or...
by Alex Khabbaz | Jul 28, 2024 | Helpful Tools
Valuing a company for sale is a complex process that requires careful consideration of various factors. Making mistakes in valuation can lead to pricing the business too high, deterring potential buyers, or pricing it too low, resulting in a loss of potential income...
by Alex Khabbaz | Jul 28, 2024 | Helpful Tools
There are several reasons why business owners may struggle to sell their business: Overvaluation: Owners often overvalue their business due to emotional attachment or unrealistic expectations. This can lead to a lack of interest from potential buyers. Poor Financial...
