The “Mother Road” used to be synonymous with the desire to hit the open road. In Albuquerque, the Mother Road now signifies a pedestrian lifestyle that appeals to Millennials and Boomers who prefer to leave their cars at home. Many prefer to not even own one.
Welcome to Saturday Spotlight! This series showcases various towns and areas throughout New Mexico to provide a sense of New Mexico’s diversity. New Mexico businesses for sale not only fit your financial objectives but offer a way of life that meets your personal goals.
Buyers, as part of their due diligence, usually employ accountants to check the numbers and attorneys to both look at legal issues and draft or review documents. Buyers may also bring in other professionals to look at the business’ operations. The prudent buyer is also looking behind the scenes to make sure there are no “skeletons in the closet.”
It makes sense for a seller to be just as prudent. Knowing what the prudent buyer may be checking can be a big help. Sam Goldenberg & Associates can assist a New Mexico business owner with looking at these issues. We are very familiar with what buyers are looking for when considering to purchase a New Mexico business.
The initial response to the question in the title really should be: “Why do you want to know the value of your business?” This response is not intended to be flippant. It is a a question that deserves an answer.
- Does an owner need to know for estate purposes?
- Does the bank want to know for lending purposes?
- Is the owner entertaining bringing in a partner or partners?
- Is the owner thinking of selling?
- Is a divorce or partnership dispute occurring?
- Is a valuation needed for a buy-sell agreement?
Low End Market Drives Rise in Santa Fe County Home Sales
By Bruce Krasnow
The New Mexican | Posted: Wednesday, July 2, 2014
Coleen Dearing describes the first half of 2014 as the “Come to Jesus Market” for Santa Fe home sellers.
Buyers who have long delayed putting their homes up for sale have realized that prices are not going to spring back to 2006-07 levels anytime soon, said Dearing, an associate with Coldwell Banker Trails West Realty and president of the Santa Fe Association of Realtors.
CONTACT: Lorraine Krenc
A DECADE OF DIGITAL
Santa Fe’s Capitol Computer Celebrates 10 Years in Business
A decade ago native Santa Fean Eric Montgomery started Capitol Computer, then under the name 180Networks. The owner recalls, “I’d end up with several computers collected throughout the day all lined up on my kitchen counter. I’d work on them overnight and deliver them in the morning.”
Much has changed since the kitchen counter IT days. Today Capitol Computer has a base of over 300 residential and small business clients in Santa Fe and the surrounding communities. Network setup, maintenance and remote monitoring have become the mainstays in addition to its original offering of PC and Apple repairs.
New Restaurateurs Brant and Tómas Allan Keller Continue Galisteo Bistro’s Tradition with Their Own Signature Flair
Santa Fe, NM, June 16, 2014–The critically acclaimed Galisteo Basin (www.galisteobistro.com) officially transferred ownership from chefs Marge and Robert Chickering to Brant Keller on June 3, 2014. The Bistro will continue as a family operation. While Keller will be running the front of the house, his son chef Tómas Allan Keller will oversee the kitchen.
The ownership hand-off took place at the office of local business brokerage Sam Goldenberg & Associates (www.samgoldenberg.com). The Galisteo Bistro is Sam Goldenberg & Associates’ second restaurant sale of 2014, and its eleventh restaurant or food-related sale in the past two years.
The transition was seamless. The brokerage’s president Michael Green ensured the purchase agreement provided ample time for training and uninterrupted transfer of the beer and wine license. The Galisteo Bistro stayed open throughout, and the Kellers have kept all wait and kitchen staff on. (more…)
We enjoyed reading about the success SGA’s client and restaurant buyer Lane Sanders and is having with his new enterprise Elevation Bistro, formerly the Atomic Bar and Grill. We handled the sale of this downtown restaurant in Fall 2013 and Lane immediately impressed at the time. The Santa Fe Reporter recently stopped by the bistro to give us a behind-the-scenes look at what is happening at one of the only handful of Santa Fe’s late-night dining establishments.
The El Word
Underneath two screens broadcasting Man v. Food and the Stanley Cup, a beer-sipping man in a blue tracksuit chats across the bar with the bartender. At 5 pm on a Thursday, it may be happy hour, but this is no sports bar. An elderly couple from Baltimore leans across a corner table over an appetizer that looks like an ice cream sundae, if not for the guacamole, while a chef chops tomatoes behind a counter behind them. Adjacent, a Floridian lounges by the ceiling-length wall of windows, a binder and a carton containing a cupcake saved for later across from her.
Melissa Windsel’s never been to Elevation Bistro (103 E Water St., 820-0363) before. In lieu of standing and taking her order, server John Herrera sits down across the table and helps her decide. After dismissing barbecue chicken and New York strip, she settles on the house-smoked baby back ribs slathered with chile glaze and rosemary balsamic barbecue sauce.
Read full article at The El Word.
With SGA’s own highly informal survey based on chatting with our past Santa Fe business buying clients, New Mexico appears aligned with these national trends.
The economy may rise and fall, but small-business owners remain happy with their career choice.
In a new Gallup and Wells Fargo survey released this week, 84 percent of small-business owners say that if they had they could do it all over again they would still start their own business. (Wells Fargo is also a sponsor of National Journal’s Next America project.) To the 600 small-business owners who were polled, the independence and decision-making that come with their job are invaluable benefits.
While 42 percent of those surveyed say that being their own boss is the most rewarding part of their job, more than 10 percent of respondents also cite job satisfaction and pride, flexible job hours and having family time, and interacting with customers as reasons they like their choice of work.
Overall, this sort of satisfaction hasn’t changed for small-business owners in the last 11 years of the Gallup survey—roughly 80 percent have consistently said they would do it all over again. What’s remarkable is how unwavering these sentiments are, regardless of how small-business owners think the economy is doing.
Read full article at Small-Business Owners Love What They Do, Despite the Economy.
With Small Business Week (May 12 – 16, 2014) just wrapped up, we wanted to acknowledge the winners of 2014’s New Mexico SBA small business awards. Thank you all for your hard work and for making New Mexico a better place for the small business owner.
Small Business Week Winners Include a Family Restaurant Veteran
Las Cruces Sun News
Posted May 19, 2014
Finance New Mexico
LAS CRUCES: Angela Atencio-Sanchez grew up busing tables at her parents’ restaurant on State Route 76 in Española, and she was promoted to working the cash register before going off to college and a career as an assistant comptroller for Santa Fe Public Schools.
Today the daughter of El Paragua Restaurant founders Luis and Frances Atencio is the president of Las Brazas Enterprises — a company that owns and manages El Paragua and El Parasol restaurant in Española. The business was just named this year’s Family Owned Small Business of the Year by the Small Business Administration in New Mexico. (more…)