Month: July 2017

July 13, 2017 bbmuzik1

Today we “Biz Bombed” Marc Andress, co-owner of Saint Simons Music. Located in the heart of the Village above Strothers Hardware, this eclectic music store has everything for the musician and  music lover. From entry level instruments, to some fine vintage guitars, to a great selection of vinyl records, music accessories and more. They also…

July 8, 2017 bbmuzik1

Accounts Receivable (A/R) is an important issue to consider when selling a business. Do you, as the seller, keep and collect the A/R on the closing day books after the business is sold?, include A/R in the sale for the buyer?, offer a discount to the buyer for assuming A/R risk?, or even offer a…

July 7, 2017 bbmuzik1

When pricing a house for sale in the residential real estate market, finding comparable sales through the MLS is fairly easy and straightforward. However, when pricing a business for sale, comparable sales are not so easy to find, and not a matter of public record. So where do we find sold business comps? We subscribe…

July 6, 2017 bbmuzik1

Business broker – Keith Dean, CBI – has received extensive training and education in the business brokerage field, and has earned the CBI (Certified Business Intermediary) designation through the International Business Brokers Association (IBBA). The coveted CBI designation is held by fewer than 450 brokers internationally, and Keith Dean is one of only 14 brokers…

July 5, 2017 bbmuzik1 No comments exist

  The first question we always get from business sellers is “how much is my business worth?”. Our first step is to prepare a comprehensive “Brokers Opinion of Value” (BOV), based your your financial statements and tax returns. It is a complex process, but a BOV should not be confused with a Certified Business Appraisal…