Business Transfer Bulletin Blog – What the Heck is This?
Business Transfer Bulletin Blog – Advice for Selling or Buying a Business
I decided to create this blog after numerous conversations with owners of small businesses for sale which revealed the paucity of usable and comprehensive information about business transfers. Few indicated that they were comfortable navigating the labyrinthine process of selling a business. A conversation I had with one poor soul who owned an independent gas station and convenience store begged me to “help me sell my business!” Yet this owner had poor records and a very unfavorable lease – and in this market his options were not good. It was this conversation and many others that convinced me I needed to create a place where business owners could get their arms around the process. Thus, the Business Transfer Bulletin Blog was born.
So this blog and the Business Transfer Bulletin newsletter are intended to help sellers of small businesses – defined as transactions ranging from $750K to $3m as well as mid-sized M&A companies above $3m up to $20m – find buyers for their businesses and to sell for best offer possible. On this site, owners who have small businesses for sale will be able to find interesting articles and informative dialog on topics ranging from exit planning to business appraisals and valuations to tax efficient deal structuring. The goal is to ease the pain of buying and selling a business.
Business transfers can be neatly categorized into involuntary and voluntary transfers. The intended focus of this blog is more on the voluntary types of transfers where the entire (or majority) of the owner’s equity and assets change hands.
Both types of business transfers are generally event driven. In the case of involuntary transfers, death, divorce, bankruptcy are major drivers. Failure to have a succession plan is another factor in involuntary transfers.
Voluntary transfers include transfers to family members or other relatives, buy-sell agreements between partners, sales to employees via management buyouts or Employ Stock Option Plans, and third party purchases by strategic acquirers such as a competitor or other private parties.
So I hope you join in the conversation and make this a thriving community. The next time someone bemoans “help me sell my business” point them to this site. Whether you have internet businesses for sale or manufacturing companies for sale there should be plenty here to help you ease the pain of exiting or entering.
