4
Oct
2017
Categories: Advisory Services
Tags:
6
May
2015
You have spent many years and countless hours building and nurturing your business. While it has provided a good living for you and your family, at some point in time you would like to walk away, wind down, and spend more time just enjoying life. It has always been your hope and plan that the business would fund a good part of your retirement. So what seems to be the most logical way to extract maximum value from the company? It is by selling the company as a "going concern" ... an operating business with customers, suppliers, employees, and necessary equipment already in place. You feel that just about any buyer would be very fortunate to step into a ready-made business like yours where they begin reaping the rewards right off the bat. Of course the cost for this would be substantial. All your hard work and sacrifice carries a premium value.The prospective buyer should expect no less.
The fact of the matter is that fully three-quarters of business sellers don't receive the payment they expect from selling their company, with many never selling for more than the liquidation value. These owners become disillusioned and worse - financially disadvantaged when they put their business property on the market. Most often this is due to seven (7) costly mistakes that many owners make when it comes time to sell the business. Continue reading this article to find out how to avoid these mistakes and give yourself the best chance for a successful outcome.
Categories: Business Brokerage
11
Jun
2014
9
Categories: General
7
Prior to investing in any franchise system, obtain a copy of the Franchisor’s Disclosure Document. Under the Franchise Rule, which is enforced by the Federal Trade Commission (FTC), you must receive the document at least fourteen (14) days before you are asked to sign any contract or pay any money to the franchisor or to any affiliate of the franchisor. You have the right to ask for a copy of the disclosure document once the franchisor has received your application and has agreed to consider it. Therefore it may be in your best interest to get a copy of the franchisor’s disclosure document before incurring any due diligence expenses.
The franchisor may give you a copy of its disclosure document on paper, via email, through a web page, or on a disc. The cover of the disclosure document should have information about its availability in other formats. Make sure you have a copy of the document in a format that is convenient for you, and keep a copy for future reference.
As a general rule, you should read the ENTIRE disclosure document. Do not be reluctant to ask for explanations, clarifications, and/or answers to any of your questions.
Categories: Franchise Sales
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