Too much time to close a deal?

The one question sellers consistently raise is how long will it take to close a deal once a business valuation has been completed and there is an agreed upon offer in place? As the leading business broker in NJ, we typically rephrase the question; will there be “buyer’s remorse” and is the bus... [read more]

Mergers are back in style

In New Jersey mergers and acquisitions are on the upswing in 2010 and more deals are being completed as the economy shows stability. I was quoted in a recent NJ Biz article that discusses this trend. Below is an excerpt from the write-up. The complete article can be read here. Excerpt from NJ Biz a... [read more]

What Defines A Successful Entrepreneur?

Today, we would like to briefly touch upon a common question we are often confronted with by (mostly) first-time business buyers: what makes a successful entrepreneur – or more importantly, will I succeed in the business I am about to purchase? There is a significant number of articles, blogs and... [read more]

Small Company Sales To A Large Customer

Whereas most entrepreneurs love the idea of being able to sell to a large company and admire the stability of consistent sales and cash flow, the reality is that developing such a relationship is lengthy and faces many challenges. Most importantly, if your company’s service or product is not uniq... [read more]

Small Businesses Slightly More Optimistic

Small businesses grew slightly more optimistic last month, though they are still climbing out of a funk brought on by a credit crunch and a severe recession. Index Inches Up The Index of Small Business Optimism, released Tuesday by the National Federation of Independent Business, rose 1.3 points to ... [read more]

Start-Ups Will Keep Struggling in 2010

The economic downturn has dimmed many entrepreneurs’ hopes of opening a small business, as sources of funding have dwindled or dried up completely. And while many hope 2010 will be better, the outlook continues to be bleak. The majority of entrepreneurs use personal savings or contributions from f... [read more]

Confidentiality Agreements: Their Importance To Business Buyers And Sellers

If you are planning to buy a business in the near future, or sell one for that matter, then you are probably thinking about the price you may have to pay, scheduling business appraisers, collating legal documents, putting in an offer and so on. The list of things to do is indeed long. However, one ... [read more]

Small-Business Myths Busted

So many aspiring entrepreneurs dream of the numerous rewards that await them when they finally break free of the shackles of the rat race and become their own boss. But many see only the gold at the end of the rainbow–and go into it with misconceptions about what’s it’s really like to own the... [read more]

The Eight Biggest Mistakes….

Many people dream of owning a business. I was a teenager when I started my first business. Since then I have bought or started many businesses and helped others do the same. Here are some common mistakes I have witnessed or committed myself. Mistake #1 – Paying too much This results from the comb... [read more]

Find the Right Company

As briefly mentioned in our last newsletter, we have noticed a significant amount of “cash” sitting on the sidelines – buyers, who are ready to move due to the dissatisfactory investment returns obtained in this market. After all, what does a treasury bill really yield these days? We see this... [read more]

SBA Revises Good Will Caps

Effective with loan applications on or after October 1, 2009, the Small Business Administration revokes its position that acquisition financing is limited to buy-sells involving goodwill amounts up to $250,000. NO GOODWILL CAP EFFECTIVE OCTOBER 1, 2009 Specifically, the SBA changed the rules for fi... [read more]

Warning! Business Sellers Are Liars

“Business Seller Retiring – Priced to Move” While searching for an existing small business to buy, the novice entrepreneur will come across a few deals that seem almost too good to be true. There are times when a family situation or a dodgy medical condition may require a quick sale at a belo... [read more]

Retailers Negotiate Rent Reductions

Retail chains are using the fine print in their leases to demand rent reductions, eking out critical savings and pressuring mall owners already struggling with vacancies…. …. Retailers that want to stay put are using the triggered clauses to negotiate multi-year rent reductions from their landl... [read more]