All business owners dream of building a successful company to generate revenue and establish their legacy. However, many entrepreneurs don’t plan for the day they will ultimately exit their business. Whether it’s due to retirement, health issues, or simply wanting…
In order to understand convenience stores, it’s important to understand the cigarette market. If you are a convenience store owner, you already likely know that cigarette sales and the popularity of convenience stores is connected. However, in recent years, sales…
We can’t overemphasize the importance of confidentiality when you’re selling a business. It is essential every step of the way, from the first conversation with your M&A advisor all the way to closing. If confidentiality is breached, it can lead…
When people get ready to sell their businesses, there is a natural inclination to talk up their business to make it seem attractive in the eyes of the buyers. Whether a seller has been preparing to sell their business for…
It should come as no surprise that when it comes to getting a business ready for sale, accurate financials are key. At Creative Business Services/CBS-Global, we recommend at least five years of financials. This will allow us to provide an…
Is it The Right Time to Sell My Business? You might have heard about the expected surge of businesses going on the market as retiring baby boomers seek to sell. Does that mean that now is the optimal time for…
Facing Your Mortality with Proper Exit Planning An estate plan or buy-sell agreement is no substitute for an exit plan if you have to unexpectedly sell your business. Exit planning covers a wide variety of factors and ensures a smooth…
Structuring the Terms for Selling Your Business If you are planning to sell your business, it’s important to understand the kinds of deal options that can be structured to close and the corresponding tax implications. We recommend that you do…
How To Sell Your Business for Maximum Profit Even if you have just started a business or are currently enjoying maximum profitability, the day will come when you will want to sell your business. Without a good exit strategy in…
Acquisition as an Exit Strategy: Advantages and Disadvantages All small business owners should have a long-term exit strategy that is flexible as the business grows and changes. Of course, a popular option is to plan to sell your business. However,…