Buying or Selling a Business with Mel Vaz

  What is my Business Worth? A Guide to Determining the Sale Price of Your Business   When contemplating the sale of a business, the first question business owners ask themselves is, “What is my business worth?”   That is always the question, top of mind. How do you figure this out? Begin the pricing process by conducting a comprehensive financial analysis of your business. Examine the company's financial statements, cash flow, and profitability over the past few years. This analysis forms the foundation for determining the value of your business and helps potential buyers assess its financial health.   Be honest and accurate.   Estimates or “off the cuff” answers will lead to an inaccurate valuation and buyer distrust.   Business Valuation Methods: There are several methods for valuing a business, each with its own strengths and limitations. Common valuation methods include:   Asset-Based Valuation: Calculates the value of the business...

  Navigating the Transition: Risks and Benefits of Leaving Corporate for a Privately Owned Business in 2024 The decision to leave a stable corporate job and venture into the realm of entrepreneurship by purchasing a privately owned business is a momentous one. As we step into 2024, the business landscape is evolving, presenting both risks and benefits for those contemplating such a transition. In this article, we will explore the potential advantages and challenges of leaving a corporate position to acquire a privately owned business in the current business climate.   Benefits of Leaving Corporate for a Privately Owned Business:   Entrepreneurial Freedom: One of the primary motivations for leaving a corporate job is the desire for entrepreneurial freedom. Acquiring a privately owned business allows you to be your own boss, make independent decisions, and shape the business according to your vision.   Potential for Higher Returns: Successful ownership ...

Embarking on an entrepreneurial journey is an exciting endeavor, and one of the crucial decisions an aspiring business owner must make is whether to start a new venture from the ground up or acquire an established business. Both options come with their own set of challenges and opportunities, but in this article, we will explore the benefits of buying an existing business as opposed to starting one from scratch.   Immediate Revenue and Cash Flow: One of the most significant advantages of buying an established business is the immediate access to revenue and cash flow. Unlike startups that often take time to generate income, an existing business already has a customer base, operational systems, and a proven track record. This allows the new owner to start making profits from day one, reducing the financial strain often associated with starting a new business.   Established Customer Base and Reputation: Acquiring an established business means inheriting an existing cu...

Congrats to Dimitris, Ed and Pat on their sale/purchase of this high volume auto repair, tire and lube business. Great people and a great business. If you have ever thought of buying a business or selling your business, or just wondered what your business is worth, contact me today! Mel Vaz Vested Business Brokers, Ltd. 631-909-1095  Direct 631-767-0157   Cell 877-735-7505  Fax melvaz@vestedbb.com www.vestedbb.com     Follow me on Social Media Facebook LinkedIn Instagram Buying and Selling A Business with Mel Vaz YouTube #melvazbroker   #melvaz   #businessbroker   #sellabusiness   #sellyourbusiness   #everydayiamclosing   #closingsmachine   #buyabusiness   #selling   #buying   #buyabusiness   #business   #experience   #vestedbusinessbrokers   #autorepair   #tirelube   #automotive

Congratulations to all of my buyer and seller clients and colleagues for these recent closings! This has been the busiest summer I have seen since 2010. Even better, there are countless deals still on the market right now. Remember, in volatile times, cash flow is still king. If you have ever thought of buying a business or selling your business, or just wondered what your business is worth, contact me today! Melvin L. Vaz Vested Business Brokers, Ltd. 631-909-1095  Direct 631-767-0157 Cell 877-735-7505  Fax melvaz@vestedbb.com www.vestedbb.com   Follow me on Social Media Facebook LinkedIn Instagram Buying and Selling A Business with Mel Vaz YouTube #melvazbroker #melvaz #businessbroker #sellabusiness #sellyourbusiness #everydayiamclosing #closingsmachine #buyabusiness #selling #buying #buyabusiness #business #experience #vestedbusinessbrokers #adultdaycarecenter #adulthome #autorepair #tirelube #automotive

  I can't disagree with Elon Musk and Warren Buffet. "Back in 2009, at the tail end of the Great Recession, Buffett said at Berkshire Hathaway’s annual shareholder’s meeting that one of the best ways to protect against inflation is to own a part of “a wonderful business.” That’s because no matter what happens with the value of the dollar, the business’ product will still be in demand." I must echo this sentiment. The first 2.5 months of 2021 have been my busiest since 2010, in working with both business buyers and sellers. What we are seeking is the convergence of "The Great Resignation" and the mass retirement of baby boomers. For today's buyers, unlike 2010, banks are motivated to lend at nearly record low interest rates, home equity is at record highs and 401K's are still very high (even with the current pull back to June 2021 highs). For today's sellers, you have record numbers of baby boomers who had planned to retire in 2020, but could not du...

  Congratulations to Abe C. on a successful closing for this Staten Island Car Wash! The landlord made all the difference here. Many times buyers do not consider landlords and their ability to make or break a deal. Fortunately, this landlord realized what a fantastic tenant he was getting with Abe and the deal moved forward. If you have ever thought of buying a business or selling your business, or just wondered what your business is worth, contact me today! #melvazbroker #melvaz #businessbroker #sellabusiness #sellyourbusiness #everydayiamclosing #closingsmachine #buyabusiness #selling #buying #buyabusiness #business #experience #statenisland #carwash #vestedbusinessbrokers