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10 Things We Learned About Buying or Selling a Business by interviewing Zoran Sarabaca - Business Broker

How2Exit

He interviewed a few brokers and went with the one he thought was the best match. This pushed him to become a business broker himself, so he could treat clients better and build a better brokerage. Zoran is now a successful business broker and has been for over 18 years.

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Guiding Entrepreneurs: David Barnett's Comprehensive Approach to Buying and Selling Businesses

How2Exit

Starting from childhood enterprises to careers in sales and a formal education in business school, Barnett has accumulated a wealth of experience that led him to own a business broker office for several years before venturing into banking.

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13 Concepts We Can Learn About Winning and Losing in Entrepreneurship on How2Exit's Interview W/Scott Duke

How2Exit

The impact of higher interest rates is felt in the form of debt servicing ratios. This is the amount of debt that a business can take on in order to finance an acquisition. When interest rates increase, banks are less likely to provide financing as the debt servicing ratio becomes more difficult to meet.

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Ready to Sell Your HVAC Business?

Sun Acquisitions

This can be done by paying off as many outstanding debts as possible, renegotiating terms for business loans, securing new clients, and getting your receivables paid up. Once you’ve done this, you can move on to the next step – organizing your books in preparation for business valuation. Contact us for more information.

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10 Concepts You and I Can Learn About Buying Businesses in the UK From How2Exit's Interview With John Andrews - London Attorney

How2Exit

Additionally, it is important to ensure that any personal expenses are removed from the books before the business is put up for sale. Additionally, it is important to have the books in order before putting the business up for sale. This includes removing any personal expenses, such as vehicle leases and phone bills, from the books.

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12 Concepts We Can Learn About Going From 0 to LOI From How2Exit's Interview W/ Daniel Sweet

How2Exit

It requires thorough due diligence, negotiations, and building relationships with sellers. Networking and relationships: Building relationships with business owners looking to exit is crucial in the acquisition process. Participants are encouraged to use brokers to access a wide range of deals and gain exposure to different industries.

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Roman Beylin: Revolutionizing Due Diligence with DueDilio

How2Exit

rn Concept 6: Tailored Due Diligence Services For Clients rn One key aspect of conducting due diligence is ensuring that the business being acquired is financially stable and can cover its debt. This involves analyzing spreadsheets and considering factors such as the ability to service debt at a lower percentage of current profit or revenue.