Buying or Selling a Business with Mel Vaz

  Introduction: Selling a business is a complex and significant undertaking that requires careful planning and execution. Whether you are looking to retire, pursue new opportunities, or simply move on to the next chapter of your life, preparing your business for sale is crucial to maximize its value and ensure a smooth transaction. In this article, we will explore the most important steps in getting your business ready for sale. Financial Preparation: One of the first and most critical steps in selling your business is to conduct a thorough financial analysis. This includes organizing and reviewing financial statements, tax returns, and other key financial documents. Prospective buyers will closely scrutinize your financial records, so it's essential to ensure they are accurate, up-to-date, and present a clear picture of the company's financial health. Working with a professional accountant or financial advisor can help you navigate this process.  Most buyers will request at ...

Trying times bring both obstacles and opportunity... A good article by Darpan Munjal https://www.msn.com/en-us/money/smallbusiness/finding-success-during-trying-times/ar-BB15rfmn

Testimonials for Mel Vaz melvaz@vestedbb.com 631-909-1095 View My Profile Although we have almost 2 years of telephone time between, it's truly a shame that we have never met face to face. I am very appreciative of all the help you provided over the past 2 years. Finally, I was able to find a business that with out your help I am sure I would not have found. If anyone is ever asking about a business purchase, or a good broker rest assured Mel Vaz at VBB is the guy I will tell them to go see. Once again thanks for the help, and the best wishes! - John D    Long Island, NY Mel was great to work with. I tested the market with Mel three years before we actually sold the company. When I was ready to sell again, after having improved the bottom-line, Mel picked up where we left off and closed the sale in just a few months. He only brought me knowledgeable, qualified leads, and he was extremely flexible with both myself and the final buyer. He helped me s...

http://www.msn.com/en-us/money/markets/why-made-in-china-could-soon-be-a-thing-of-the-past/ar-AAnyIyQ?li=AAn4eAA

http://www.msn.com/en-us/money/markets/consumer-inflation-posts-biggest-rise-in-nearly-4-years/ar-AAmY55q?li=BBnb7Kz

NEW LEGISLATION: BEVERAGE CONTROL LAW, EXPANSION OF SUNDAY HOURS https://www.governor.ny.gov/news/governor-cuomo-signs-legislation-modernize-new-yorks-alcoholic-beverage-control-law https://www.governor.ny.gov/news/governor-cuomo-signs-legislation-modernize-new-yorks-alcoholic-beverage-control-law

http://www.inc.com/jeff-haden/11-ways-to-negotiate-better-with-anyone-even-if-you-don-t-like-to-negotiate.html  

This is a great article for all business owners to read. https://www.allbusiness.com/right-time-sell-a-business-20232-1.html By  Guest Post  |  In:  Selling a Business ,  Starting a Business

This is a great article by  Mary Friese http://www.allbusiness.com/entrepreneurship-true-job-security-happiness-102369-1.html

http://www.msn.com/en-us/money/smallbusiness/10-tips-to-help-your-business-survive-a-minimum-wage-hike/ar-BBpzhx6

Good to keep in mind.  http://www.msn.com/en-us/money/smallbusiness/10-key-contracts-for-small-and-growing-businesses/ar-BBoNG9y

These are great points to keep in mind when seeking alternative start-up funds.  http://www.forbes.com/sites/amyfeldman/2016/01/28/the-tax-consequences-of-crowdfunding/#219b25c43d2b

1.  I want a transaction to make sense for both buyer and seller.  I recommend that all buyers carefully review our buyer registration form before signing anything.  Feel free to ask questions.  This reduces confusion and/or mis-communication for both of us.     2.  All of my seller clients will be asked to sign a business profile form in which they attest that all figures they have provided are true and accurate.  I cannot make any representations toward the accuracy of any figures because I do not own or run the business.   I expect sellers to be honest as it is in their best interest and that of the potential buyer.  Any inflation of numbers is to the detriment of all parties.  I highly recommend that all potential buyers use an accountant to help in reviewing financials for their own protection.   3.  Remember, some sellers keep better records than others, but most are doing their best to keep...

What It Takes To Buy A Business   “The 20 Step Buying Process”   1.       Commitment:   Your commitment to purchase a business at price and terms consistent with the marketplace.  You’ve thought through your business objectives and are prepared too move swiftly, if and when the right business is presented to you. 2.       Disclosure:   You sign an agreement promising to maintain confidentiality for all the information provided to you on the business we discuss. 3.       Background Information:   You provide us with information about yourself. The more we know about you, the more we can find a business you will like. 4.       Review:   You and your Vested Business Broker will discuss and review various types of businesses that interest you plus, the financial parameters associated with your search. 5.       Showing:...