6 Tips For Planning Your Second Career
1. What kind of legacy do you want
2. Think about what your financial needs and wants are for you and your family. Discuss the sale of the business with your signifigant others in your life.
3. Make an assessment of your business. Evaluate the strengths and weaknesses of the business. What are the oppurtunities for a new owner? What kind of financial records are available for the business.
4. Research the Marketplace. What businesses have sold recently and what ingredients would make your businesssell in the current market.
5. Connect with professionals. Discuss your ideas with an accountant, attorney, banker, and business broker. Assemble a team so that all the aspects of selling your buisiness can work synergistically to the same goal.
6. Make a thoughtful decision to proceed with all of the facts in hand.
Sunbelt Business Brokers of Portland works with individual, strategic, private equity groups, and corporate buyers in their search for appropriate businesses to purchase. We seek to help our customers enter new markets, enhance their market position, or achieve growth through acquisition of both private and publicly held companies. Our transaction team works cooperatively with buyers in identifying acquisition objectives based on personal and/or business growth needs.
Working on a retainer basis, we will conduct a targeted acquisition search based on solid market and industry analysis, identifying and approaching possible candidates within the targeted search range to determine their interest in divesting or selling their business interests.
Once an appropriate acquisition candidate has been identified, we:
- Assist in determining realistic pricing structure of the acquisition candidate.
- Assist in making an offer.
- Negotiate the offer and formulate a favorable deal structure package.
- Assist in conducting comprehensive due diligence of the acquisition candidate.
- Orchestrate a solid transaction agreement favorable to all involved parties.
- Assist with arrangement of financing.
- Arrange for timely execution of closing documents and smooth transition.
Whether your goal is expansion of present holdings, addition of greater customer base, or entrance into new industry or geographic markets, our team will make the acquisition as smooth as possible.
An accurate valuation of your business is one of the most important things when considering the sale, purchase, or partner share repurchase of a company. Determining a precise value requires a vast range of technical and business proficiencies combined with the use of accredited valuation techniques as well as a thorough understanding of today's markets, and corporate finance.
Sunbelt Business Brokers of Portland feel an appraisal of your business is the best way to start the process of selling, buying, or analzying oppurtunities for your companies future. Sunbelt Business Brokers of Portland provides comprehensive valuation packages to meet all needs. Our professionals partners follow standard guidelines established by the American Society of Appraisers and holds the highest industry designations, making them experts in the valuation field. The team has spent countless hours compiling comparisons for thousands of industries giving them the most comprehensive and comparable transaction databases. They complete a business valuation report tailored to specific business, and financial needs. Sunbelt business Brokers of Portland offer the following Valuation report options:
Often used when the client needs to know the current market value of the business but does not require all of the supporting documentation. Utilizes 9-10 valuation methodologies plus a nationwide comparison of businesses sold in same industry. (25-35 pages) Requires 2-3 weeks to complete.
Asset based or Stock based. Often used for internal purposes such as planning for sale, conducting annual reviews, or for obtaining lender financing. Same company appraisal methodologies used for the comprehensive valuation but with less explanation of the analysis and less supporting documentation. Utilizes 11-12 valuation methodologies, industry analysis, demographic studies, plus a nationwide comparison of businesses sold in same industry. (50-60 pages) Requires 3-4 weeks to complete. Pricing depends on type and purpose for valuation.
Lenders need a Certified Machinery & Equipment Appraisal in support of loan decisions. In fact, SBA's SOPs require a "qualified" appraisal.
CPAs need a Certified Machinery & Equipment Appraisal pursuant to AICPA's Standards of Valuation #1 in addition to the Pension Protection Act of 2006 and the Council of Foundations. Attorneys need a Certified Machinery & Equipment Appraisal for divorce, dissolutions and litigation to substantiate accurate and realistic values that will withstand IRS and Court scrutiny.
Business Owners need a Certified Machinery & Equipment Appraisal for insurable value, selling, financing, buying, expansion, partnership dissolution, property taxes, Pension Protection Act of 2006, and Converting from a C Corp to S Corp.
The Certified Machinery & Equipment Appraisers (CMEA) at Sunbelt Business Brokers are widely known as a respected industry leader. Backed by experience and certification, our certified appraisals are prepared according to the ethics and reporting mandated by the Uniform Standards of Professional Appraisal Practice (USPAP), promulgated by Congress and the Appraisal Foundation. It is the leading Iauthoritative source for appraisals.
The Certified professionals at Sunbelt Business Brokers deliver a comprehensive and detailed Certified Equipment Appraisal Report that is accurate, irrefutable, defensible, and descriptive. Our Certified Appraisal Report includes but is not limited to market conditions, economic conditions, photo graphs, model and - serial numbers, and other descriptive information that will withstand scrutiny. Our assignment of value is based on extensive research, personal inspection, contact with manufacturers and suppliers to determine what the machinery and equipment is really worth.
If you can answer "YES" to any of the following business situations, you absolutely need an indepen - dent third party appraisal!
Buy / Sell Agreements Business Valuations
Leases Property Taxes Insurable Value
Trust / Estate Planning Gift Planning Divorce Settlement
Partnership Dissolution Converting From C To S Corp 1031 Exchanges
Foreclosure Bankruptcy Cost Segregation
Sarbanes Oxley FASB 141 / 142 Retirement Planning
Mergers & Acquisitions Pension Protection Act