Tag Archives: Broker
Value of an Experienced Business Broker
Unsure Why a Business Broker is Recommended When Selling Your Business?
Let Me Share Some Key Points!
An Experienced Business Broker….
– Protects Your Investment by Determining Proper Business Value.
– Acquires Highest Price Possible For Your Business.
– Assimilates Todays Market; Knows When to Sell & When to Wait to Get Highest Multiple.
– Prescreens All Buyer Interest So Your Time is Not Exhausted.
– Protects Sale Confidentiality.
– Mediates for You.
– Effectively Satisfies ALL Inquiries on Your Behalf.
– Manages Negotiations.
– Proficient in Documentation Procedures & Ensures Legal Transactions.
– Facilitates Professional Collaborations.
– Ensures Transition to New Ownership is as Wrinkle-Free as Possible!
Contact Me Confidentially To Discuss How I Can Help You Achieve Your Goals!
Thinking More About Your Next Vacation Than Work?
Thought of selling your company?
If you are burned out a little…
Don’t put the effort in you use to…
Sales not what they use to be or flat…
Need someone to help with the day to day…
Need more time with family…
Thinking more about your next vacation than work…
I can help.
My name is Frank Davidson and I am the principal of Davidson Business investments. We have buyers for your business right now! Please call or email me to discuss confidentially the process and how I can help. I will get you the highest price possible and there is never a fee until SOLD.
Timing is everything, is now the time for you?
Admin@GoDBI.com
Medical Billing Acquisitions for Investment Groups in OH and FL
An Ohio based Investment Group and a Florida based Investment Group are looking for acquisitions in Medical Billing Companies grossing $500,000 to $5,000,000 yearly.
I assure you these Investment Groups are serious and have Adequate Capital to make Multiple Acquisitions in these Markets.
Please contact me personally to discuss confidentially.
Frank Davidson MBA, MEA, CMI, SBA
Davidson Business Investments
Principal & Senior Business Analyst
Certified Medical Intermediary
www.GoDBI.com
Medical Billing Sold! How Can DBI Help You?
Davidson Business Investments is pleased to announce the sale of ProMed Billing Inc. a Medical Billing company providing practice solutions to Grangers Management Holdings Inc.
The transaction was a one of many that DBI has concluded in the Medical Billing and technology arena. DBI worked to accomplish client goals, bringing the best possible solutions to the table for both parties.
For further information on how we can help you accomplish your goals call Frank Davidson at 704-999-9728 for a confidential discussion.
7 Steps To Selling Your Small Business
Selling a small business is a complex venture that involves several considerations. It can require that you enlist a broker such as Davidson Business Investments, an accountant and an attorney as you proceed. Whether you profit will depend on the reason for the sale, the timing of the sale, the strength of the business’s operation and its structure. The business sale will also require much of your time and, once the business is sold, you’ll need to determine some smart ways to handle the profit. Reviewing these seven considerations can help you build a solid plan and make negotiations a success.
1. Reasons for the Sale
You’ve decided to sell your business. Why? That’s one of the first questions a potential buyer will ask. Owners commonly sell their businesses for any of the following reasons:
• Retirement
• Partnership disputes
• Illness and death
• Becoming overworked
• Boredom
Some owners consider selling the business when it is not profitable, but this can make it harder to attract buyers. Consider the business’s ability to sell, its readiness and your timing. There are many attributes that can make your business appear more attractive, including:
• Increasing profits
• Consistent income figures
• A strong customer base
• A major contract that spans several years
2. Timing of the Sale
Prepare for the sale as early as possible, preferably a year or two ahead of time. The preparation will help you to improve your financial records, business structure and customer base to make the business more profitable. These improvements will also ease the transition for the buyer and keep the business running smoothly.
3. Business Valuation
Next, you’ll want to determine the worth of your business to make sure you don’t price it too high or too low. Locate a business appraiser to get a valuation. The appraiser will draw up a detailed explanation of the business’s worth. The document will bring credibility to the asking price and can serve as a gauge for your listing price.
4. Selling on Your Own vs. Using a Broker
Selling the business yourself allows you to save money and avoid paying a broker’s commission. It’s also the best route when the sale is to a trusted family member or current employee. In other circumstances, a broker can help free up time for you to keep the business up and running, keep the sale quiet and get the highest price (because the broker will want to maximize his or her commission). Discuss expectations and advertisements with the broker and maintain constant communication.
5. Preparing Documents
Gather your financial statements and tax returns dating back three to four years and review them with an accountant. In addition, develop a list of equipment that’s being sold with the business. Also, create a list of contacts related to sales transactions and supplies, and dig up any relevant paperwork such as your current lease. Create copies of these documents to distribute to financially qualified potential buyers.
Your information packet should also provide a summary describing how the business is conducted and/or an up-to-date operating manual. You’ll also want to make sure the business is presentable. Any areas of the business or equipment that are broken or run down should be fixed or replaced prior to the sale.
6. Finding a Buyer
A business sale may take between six months and two years according to SCORE, a nonprofit association for entrepreneurs and partner of the U.S. Small Business Administration. Finding the right buyer can be a challenge. Try not to limit your advertising, and you’ll attract more potential buyers.
Once you have prospective buyers, keep the process moving along:
• Get two to three potential buyers just in case the initial deal falters.
• Stay in contact with the potential buyers.
• Find out whether the potential buyer prequalifies for financing before giving out information about your business. If you plan to finance the sale, work out the details with an accountant or lawyer so you can reach an agreement with the buyer.
• Allow some room to negotiate, but stand firm on the price that is reasonable and considers the company’s future worth.
• Put any agreements in writing. The potential buyers should sign a nondisclosure/confidentiality agreement to protect your information.
• Try to get the signed purchase agreement into escrow.
You may encounter the following documents after the sale:
• The bill of the sale, which transfers the business assets to the buyer
• An assignment of a lease
• A security agreement, which has a seller retain a lien on the business
In addition, the buyer may have you sign a noncompete agreement, in which you would agree to not start a new, competing business and woo away customers.
7. Handling the Profits
Take some time, at least few months, before spending the profits from the sale. Create a plan outlining your financial goals, and learn about any tax consequences associated with the sudden wealth. Speak with a financial professional to determine how you want to invest the money and focus on long-term benefits, such as getting out of debt and saving for retirement.
Conclusion
Selling a business is time-consuming and for many, an emotional venture. A good reason to sell or the existence of a “hot” market can ease the burden, as can the help of professionals. It may also be possible to receive free counseling from organizations such as SCORE, and your local chamber of commerce may offer relevant seminars and workshops. When all is said and done, the large sum of money in your bank account and your newfound free time will make the grueling process seem worthwhile.
Read Full Article: http://www.investopedia.com/articles/pf/08/sell-small-business.asp#ixzz3bv8mb2nk
We Need A Medical Billing Company Right Away!
$1.4 Million Medical Billing in California
$1.4 Million Medical Billing in Florida
$3.6 Million Medical Billing New Jersey
We Need More Medical Billing Companies for Sale!
We’re Getting Top Dollar Right Now!!
Call Frank Davidson Today
704-999-9728
Sell Your Business 7 Steps to Higher Company Value
Thinking About Selling Your Company Next Year? Prepare Now!
7 Steps to Higher Company Value:
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Don’t Push Income Out to Next Year on Your P&L
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Do Not Prepay Expenses
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Have Year End Books Completed by January 15th
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Do Not Buy Inventory until January 1st
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Do Not Buy Equipment until January 1st
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If Cash Accounting Make All Deposits Before Year End
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If Accrual Accounting, Invoice All You Can
While these steps in reverse are typically done to minimize taxes, use these same strategies to increase the net income and thus value of your company. Most Banks, Buyers and Brokers value companies on a weighted formula. The heaviest weighted year is the most recent year end. By implementing these strategies you can increase your net income on paper, thus a multiple applied to increase the selling price. Always, always, consult your accountant and broker. Develop a plan and time frame. You might even be able to file taxes after the sale, mitigating your tax burden further.
If you are thinking of selling your company I would love to be of service. I have been selling companies across the US and accomplishing my clients goals, for over 25 years. Call me personally to discuss your goals. My personal number is 704-999-9728.
Frank R. Davidson MBA,MEA,CMI,SBA
Principal & Senior Business Analyst
Certified Medical Intermediary
Davidson Business Investments
http://www.GoDBI.com
Happy Thanksgiving
Sell My Business Press Release
Sell My Business Frank Davidson Business Broker
25 Years Experience Selling Companies in Charlotte NC Across US
PRLog – Oct. 29, 2014 – CHARLOTTE, N.C. — Frank Davidson is currently celebrating 25 years serving clients buying and selling businesses in Frank Davidsons home town of Charlotte NC and all over the USA. Last year Frank Davidson sold over 42 companies personally and his recent sale in NY sold for the highest multiple ever! Frank Davidsons experience adds value to your company because of what and who he deals with.
Frank Davidson is the founder of Davidson Business Investments which represents the most elite clients in the Southeast. Frank Davidson specializes in HealthCare practices and ancillary companies such as Medical Billing and Medical Supplies, Dealerships, Manufacturing, Distribution, High Value Franchises and Corporate Divestures, across the United States.
Frank Davidson has strategic acquisition search programs in place which create deal flow higher than any in the industry and uncover opportunities that other firms never hear or see. Selling companies in today’s market, brokers are needed who are in touch with all of the different structures and transitional financing methods in order to get transactions closed, Frank Davidson ensures all information is confidential and that selling your business is made as easy as possible.
If you are looking to purchase a company or looking to sell your company in this market you need to rely on the business broker doing their job with honesty and respect for all of those who are involved. Frank Davidson has the experience and expertise with the highest service levels, providing the support entrepreneurs need.
Please visit Frank Davidsons website for further information on selling your business, to view an active listing of companies for sale or to live chat with Frank Davidson about buying selling or referral benefits.
http://www.GoDBI.com
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