Lawn services are one of the best businesses to purchase if a buyer wants a business that will be recession proof and inflation proof. This is because lawn care is something most home owners and property owners do not want to do themselves under any circumstances, and they want to have to buy the equipment [...]
In my quest to build my inventory I have been meeting owners and doing valuation and the fundamental truth is that the difference between a successful business owner and a unsuccessful one is that the successful business owner knows his numbers. I’m not talking grand tax strategy and fancy terms like EBITDA etc. I’m talking [...]
From the Desk of Monty Walker
Federal Capital Gain Tax Rates:
Where are they headed?
Since 2003, the top tax rate on most capital gains has been 15% for people in the 25% or higher tax bracket. Although a lower level tax rate has also been in place since 2003 for people in the 15% [...]
BizBuySell.com Reports Improving Business-For-Sale Marketplace Despite Difficult 2009
Service businesses and restaurants lead the recovery as business-for-sale closed transaction prices return to levels not seen since mid-2008
San Francisco, CA – January 7, 2010 – According to today’s BizBuySell.com Insight Report, closed business-for-sale transactions declined by 28 percent in 2009, but a recovery that began mid-year continued [...]
A Word About “Asking” Prices
Recently we received an offer on a business we were representing, which was considerably under the listing price. Upon being asked how the buyer came up with the offering price, the buyer responded, ” Most asking prices are just that, and not an absolute unmovable price. Therefore, if they [...]
The more time passes and the longer I am in this business the more I come back to the basics. Here are some tips for buyers and sellers that hold true, have held true and will hold true.
1. Sellers your not gonna get all cash. Banks dont lend money and until the housing market returns [...]
Three items that make all the difference for buyers:
1. Quality Books and Records….dont play games folks…keep it clean and get your taxes done NOW.
2. Offer Some Owner Financing….your not gonna get cash…it just wont happen unless the buyer is clueless…and that will make for a problem.
3. Run your business like your not selling it…in other [...]
As the year comes to a close Im taking a moment to reflect on the year and how the numbers panned out.
I am continually amazed at how a successful year is a function of doing the things that matter day in and day out or as I have said time and time again “Blocking and [...]
Business Sales Statistics
• 2009 Year to Date Sold = 631 through 9 months
• Annualized 2009 is 841 sold….Nov Dec are slow months traditionally so forecast below 800 sales
• 2008 Total Year to Date 947 sales
• At 799 Sales in 2008 we would see a 16% drop in sales to Prior Year
• 2009 Average sales value of a business Sold is [...]
Over the last several weeks I have had two occurance where friends and collegues have hidden addiction issues or hidden the truth because of their fear and shame regarding thier addiction. My policy and thought is that I respect people who have the courage to admit thier addiction and seek help as oppossed to [...]
