The First Place to Look for a Buyer of Your Business
There are many peaks and valleys in the journey of selling your business. Oftentimes, just when you think you’ve sold your business, a wrench is thrown into the process that slows things down or completely kills the deal. The key to getting to the finish line is to minimize your obstacles.
Why Selling Your Business Without Accurate, Timely Financial Statements is a Losing Proposition.
Heide Olson, founder and CEO of All In One Accounting, Inc. explains why selling your business without accurate, timely financial statements is like jumping out of an airplane with no parachute. You may land where you want to go, but you'll probably not like the results.
Business valuations held steady in the Main Street market. Looking at the last three quarters, we see a stable trend. However, Q2 2023 median multiples in the $5-50MM enterprise value are down, year-over year, suggesting interest rates or other factors are affecting the market as well as a rebound in the $2- 5MM enterprise values.
It appears that Buyers are paying much more in interest now. Thus, they either put in a lower price or accepted smaller returns, and right now the lower price appears to be winning.
