The Business Transfer Newsletter
November 2020
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Selling Texas Companies Since 1974
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Our monthly newsletters provide educational information about buying or selling a business, current economic conditions, and highlight some of our newest business-for-sale opportunities.
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"The best library of articles about how to sell your business"
~~ says The New York Times ~~
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Sell Sooner...There's Never Been a Better Time
For Business Owners to Make a Move
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To Get a Better Price, Get Your Taxes in Order.
Now that the election is over, some Americans are worried that they're going to have to pay more in taxes in the near future. During the campaign, President-Elect, Joe Biden, wasn't shy about telling the American public that he wants to raise taxes on the wealthy. That's a big part of his overall tax plan. Biden has repeatedly said he won't raise taxes on anyone making less than $400,000 per year.
Election 2020: Joe Biden's Tax Plans
Also remember that the President can't raise or lower taxes on his own. Congress has to pass legislation to adjust taxes and then send the bill to the President for a signature. Since the Republicans might control the U.S. Senate for at least the next two years, Biden is going to have a tough time getting his tax proposals enacted into law. He might also decide to wait before attempting to raise taxes. He'll need to focus on COVID-19 issues right off the bat, and raising taxes before the economy recovers is risky. Having said all that, let's take a look at some of the people who should be the most concerned about tax increases once Biden takes office.
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Is There An M&A Boom Coming?
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Imagine you are the boss of a public company. Normally you are busy making decisions, visiting outposts, talking to customers, suppliers and employees. The meetings are endless. You have little time for reflection. Then, suddenly this spring, after a bout of firefighting, the diary is bare. You sit in your study, hiding from the family, and ruminate—about what your firm lacks, about what it has too much of. You call a friendly investment banker and say: “I may need to do a deal soon.”
The results of such stay-at-home strategy sessions are now apparent. The past few weeks have seen a burst of m&a activity. There are merger deals of all kinds, in all parts of the world, across many industries—from tech and health care to banking and publishing. The dealmakers at investment banks are joyful. The last time things were this busy, they say, was in 2007-08.
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Medical Supply Company in Houston
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This medical services company has been in operation since 1976, and fulfills doctor presubscribed products delivered to or shipped to the patient and paid for by HMOs, Medicare and Medicaid. These products include: catheters, adult continence solutions, supplemental nutrition, mobility, breathing assistance and others. These orders generate recurring revenue as the products must be regularly resupplied. This company has contracts in place with 9 of the most important HMOs as well as Medicare and Medicaid. These approved vendor contracts with HMOs are the company’s most important assets as securing new contracts has become very difficult. Sales of the product are profitable, the market is big and the contracts are in place. All the buyer of this company needs to do is ramp up its sales effort to get doctors to refer their prescriptions.
The owner decided it was time to retire.
Growth Potential is in Direct Sales to Doctors.
Hal Poel listed and sold the business.
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Permanent Botanicals Wholesale /Manufacturer
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Wholesale manufacturer of high end, cutting edge, permanent botanicals including artificial trees, plants, floral arrangements, green walls and Christmas decorations that could be described as accessories to any interior environment.
This company’s line is so realistic that they have multiple partnerships with horticultural companies to provide permanent pieces alongside their live product.
The company focuses on making their products as environmentally friendly as possible; recycling, using some preserved live products, and being as bio-friendly as feasible. They are also one of a few select permanent floral companies who are licensed to treat their products with a fire-retardant treatment.
They sell to hospitals, schools, & retirement centers. The business has recently started successfully selling online through Wayfare.com and their own E-Commerce website.
Marcia Bowron listed the business and Frank Stabler sold it.
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The Business Sale Process
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CONFIDENTIALITY -- The selling process has three distinct phases and should always be performed within the confines of (C)ONFIDENTIALITY. The anonymity of your business is critical during the sale process and is important to protecting your interests. The average business takes 9 to 12 months to sell. If confidentiality is breached early in the process, it can put the company in a downward spiral. Suddenly you’re not only running a business, but you’re busy putting out fires. That will discourage potential buyers. A buyer wants a successful, going operation with very little changes until he/she has an opportunity to make them.
THEN GO TO
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12141 Wickchester Lane, Suite 100
Houston, TX 77079
713-680-1200
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