As a seasoned business broker with extensive experience working with top 1% income earners in the United States, I’ve observed a recurring theme among aspiring business buyers: the belief that one can attain a high income with minimal effort. This misconception, often...
Let’s talk about buying businesses! When we’re house hunting, we can punch in a few criteria like price, bedrooms, and amenities, and voila, there’s a list of options right in front of us. But when it comes to buying a business, it’s a whole...
I want to buy a good, cash flowing business doing $500K in annually EBITDA. So what? Dog groomer, dentist, tire shop – can you be more specific? I love fun facts. Here is my fun fact of the day; according to the Oklahoma Secretary of State, there are...
Today, we’re going to chat about two important things: SDE and EBITDA. Now, I know those sound like fancy words, but don’t worry, I’m here to break it down for you. First off, let’s talk about SDE, which stands for Seller’s Discretionary...
The #1 thing that prevents a deal from closing . . . . wait for it . . . But first, FUN FACT: According to IBBA Insights – over 50% of all business acquisitions with an agreed-upon purchase price close the transaction and consummate a deal. Deal killer #1 is: the...
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