BizBuySell just released its latest insight report, which tracked sales and growth in 2022 and compared it to the prior year. Overall, we are seeing a high demand for service-based businesses as well as an increase in restaurant business sales. The insight report also reveals what business brokers across the country are expecting for 2023 and beyond.
Data on Service Business Sales
In 2022,...Read More
PGP Advisory certainly hopes you had a joyous holiday season and a Happy New Year. As we enter into 2023, here are some of the challenges we anticipate and our strategic advice on how to combat and prepare for what may be a rocky and windy road ahead.
How to Prepare for Business Challenges in 2023 Reflecting on 2022
Business owners have faced huge challenges and undergone an incredible...Read More
When you are looking to sell, always focus on the positive aspects of your business. Many business owners fail to properly make a case for the benefits of their businesses to prospective buyers. Be sure to make it clear that your business has stability and ample financial health. Let’s take a closer look.
1. Prepare in Advance
Preparing paperwork in advance will help to make sure that...Read More
No one likes to think about the deals that didn’t succeed. However, the fact of the matter is that sometimes things go wrong during the process and a sale doesn’t successfully close. We have pinpointed the most common reasons why this happens into three main categories. By understanding the issues that can prevent a deal from finalizing, we are able to dramatically maximize the odds of...Read More
When it comes to reaching a successful closing, there are four important stages to keep in mind. In this article, we will take a look at the process and what sellers can expect. If you are planning to sell a business, it is also helpful to understand in depth what the stages are from a buyer’s perspective.
The Letter of Intent (LOI)
The letter of intent is one of the responsibilities that...Read More