Why Normalization Matters Normalization, sometimes referred to as recasting, involves adjusting your financial statements to reflect the true earning potential of your business. This process is crucial for Business Valuation because: 1. Presenting a Realistic Earnings Picture: By normalizing, you…
2023 was another outstanding year for business owners who sought to sell a business in Florida 2023 was another outstanding year for business owners who sought to sell a business in Florida, despite rising interest rates, which did little to…
As you consider transitioning your business? Whether through a sale, passing it down to family, or structuring an Employee Stock Ownership Plan (ESOP) for employees—begin with clarity. Having a clear understanding of your company’s real value. Many business owners, perhaps…
When it comes to valuing small businesses, there are several methods available, each with its own strengths and limitations. One widely used approach is the Seller’s Discretionary Earnings (SDE) method, which considers various factors to determine the value of a…
We recently met with the family of a business owner who passed away unexpectedly and left an ongoing business to his wife. The business did not have a management team in place and over the probate period, which took about…
If you are looking to buy a business or sell a business, this article by Basi, Basi and Associates is an essential read. The following is a copy of their article but is totally relevant and shared by Legacy Business…
Great accountants Legacy Business Brokers Tampa has worked with Grace Lewis, CPA, PA (813) 681-4548 LewisCPA@TampaBay.RR.com Rachel Santana Hamilton Phillips (813) 689-7480 Rachel@hamiltonandphillips.com Loren Potts 813-251-8613 Loren@tampataxmaster.com Brian McHugh (813) 370-0864 Brian@3LeafFinancial.com Other Great accountants Legacy Business Brokers Tampa can…
How sellable is your business? Have you ever considered selling your business? Business owners choose to sell their business to an outside investor more than any other exit strategy. However, Forbes Magazine, Exit Planning Institute, and BizBuySell share that…
There is a potentially lucrative group of buyers that many sellers don’t initially think about. We are talking about foreign buyers. While there are some hurdles to working with these types of buyers, it is important to note that there…
The buyer-seller meeting is quite often a “make or break” meeting. Your business broker or M&A Advisor will do everything possible to ensure that this meeting goes as well as possible. It is vitally important to realize that rarely is…
There is no doubt that the COVID-19 situation seems to change with each and every day. The disruption and chaos that the pandemic has injected into both daily life and business is obvious. Just as it is often difficult to…
When contemplating the sale of a business, an important option to consider is seller financing. Many potential buyers don’t have the necessary capital or lender resources to pay cash. Even if they do, they are often reluctant to put such…