We at Apex are very familiar with the tension between securing the highest price for a business, and not getting it sold. 2013 Survey results* indicate that one in three businesses will not sell within a year of listing. Further, business brokers indicate that 40% of the time these businesses do not sell because sellers: […]
Easy is relative, but once in a while we are involved in deals that are refreshing. In a case this week, we closed on a transaction that worked out very well for both sides. What started out as a typical purchase with delays and a long list of to-do’s ended smoothly because of great communication […]
With all of the excitement of buying a business, variable rate loans can sometimes add some anxiety. Loan terms vary from bank to bank. Generally, interest rates on a 10-year SBA loan will adjust quarterly as a function of the prime interest rate — typically prime + 1.75-2.25%. Let’s look at an example to understand […]
Closing on a deal through Probate Court? Yuck, and Yes, it was a successful closing. However, the process was extremely difficult on the buyer and the family of the deceased owner who were left with the challenge of the transition. Since an estate plan had not been developed and the owner died in a sudden […]
If there is ever an opportunity to sell a business, the business owner should take a serious look at the options. Every year we will have one or two business owners that refuse to accept a reasonable offer (based on their current situation), and within a few months the owner will just close the doors. […]
The toughest part about buying a business is the follow through. Will you get to the finish line? Will you write the check from your investment account? Will you put your house up as collateral? Do you think that the 10 to 20 year old business you are interested in will collapse as soon as […]
When selling your house, would you research the market, check neighborhood listings on the MLS, verify that your Realtor is educated on the marketplace, then analyze all of this information to determine an asking price? Or would you just list your home at the Wished-for-Price? When selling a car, would you check want ads and […]
We hope that 2013 has brought you everything you desired and we want to thank you for your business and your friendship. You have helped spread the Apex story and we are feeling the positive impact of our relationships and are growing tremendously. If we can assist you in any way, please let us know. […]
Although most people don’t like debt, it is critical in most cases to enable a buyer to purchase a business. There are plenty of benefits to using a bank’s money too: It allows a buyer to acquire a bigger and better business. The bank is taking on some of the risk, and The returns on […]
It’s that time of year. Wrap up 2013 with some last minute tax management moves, and start looking at what is in store for 2014. Most businesses don’t spend enough time putting together a long term plan, and it becomes very apparent when the owner decides to sell his/her business. Daydreaming doesn’t work. A strategic […]
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