Selling a Business – Woes to Heroes Challenge: Reporting Financials / Partner Disputes Due to partnership conflicts, a client went from being a passive minority investor to an active majority owner in a short amount of time. This was in an industry where they had limited knowledge. To further complicate the selling process, late paying customers and a non-traditional accounting approach made year-end financials appear drastically different from the health of the business, which would cause great pause for lenders. Given

Unlock Your Business’s Potential The value of a small business is primarily driven by its profitability. In most small businesses, there are numerous opportunities to enhance revenues, increase gross margins, and reduce costs. Improvements in each of these areas can result in significant increases in the value of your business. For many small businesses, every dollar in increased profitability will produce approximately three dollars in increased business valuation. Many small business owners do not have the capability to re-evaluate their whole

Murphy’s Law – “If something can go wrong, it will.” In this case, a deal killer or Murphy’s Law surrounds the concepts of communication and being mindful of a proven process. The Vant Group was engaged to assist the buyer in a business transfer purchase. They hired us to find a business, and quickly, the buyer ended up finding a business on his own through another source as it was not yet on the market for sale. We met with

– Like Anything In Life, There Are Pros And Cons Franchise Advantages Buying a franchise provides resources that can bridge the gap between learning a new business and industry by having a franchise system in place which ensures the likelihood of success through the initial transition years. The largest benefit of buying a franchise is having that proven system and training for the new owner and their employees. As a franchisee, you don’t have to be the idea man; just

When surveying buyers on why they decided to buy a business, the most common answer is, “I’m tired of working for someone else”. While being your own boss can be a very rewarding experience, the desire to become a business owner does not automatically mean you should. As an employee with a steady and mostly consistent paycheck, a person can typically just focus on their role in the company and not have to worry about the other facets of running

Keeping the Business Deal Alive Recently, a wealth management professional approached us about a client of his.  This client owned a large industrial distribution business and was being courted over a long period of time by a private equity-backed competitor.  She was interested in selling but wanted to make sure it was the right deal for the right price.  She also did not want to overspend on fees and transaction expenses so she decided to rely only on her attorney