The Pros and Cons of Being Your Own Boss

Running your own business is not just another job; it’s a lifestyle. With employers demanding more and giving less, many consider the trade-off worth it. What one person perceives as a burden, another relishes as an opportunity, but this is not to say that owning and running your own business is necessarily for everyone.

We encourage you to look at some of the Pros and Cons and to talk to acquaintances, friends and family members who have experience owning a New Mexico business for a well-rounded idea of what the reality of running your own company is like.

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Biz owners eager to buy, sell

Damon Scott for Albuquerque Business First
October 18, 2013

Michael T. Greene, the president of one of Santa Fe’s most established brokerages, Sam Goldenberg and Associates, said he closed 10 small business transactions in the third quarter. Greene said people who have been wanting to move to another area of the country are doing so, and many that purchased a small business in Santa Fe did so because they’ve wanted to move there.

Full article available at Biz owners eager to buy, sell.

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Business broker helps bring new entrepreneurs to Santa Fe

Michael-Headshot-226x300Dennis J. Carroll for The Santa Fe New Mexican
November 19, 2013

It’s the qualities of the city cited by McBride — that its special lure often turns visitors into residents — that makes Santa Fe unique in its ability to attract new businesses and new owners for old businesses. “Some people want to buy a business to get to Santa Fe,” Greene said. “But it needs to be a perfect storm involving finances, family matters and timing,” he said.

Full article available at Business broker helps bring entrepreneurs to Santa Fe.

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Slew of Santa Fe Restaurants Have New Owners

Slew of Santa Fe Restaurants Have New Owners

Damon Scott for Albuquerque Business First
October 24, 2013

Restaurant-rich Santa Fe has seen a bevy of eateries sell, close or change hands in recent months.

Santa Fe’s Atomic Grill, a longtime favorite of downtown’s late-night crowd, has been sold to new owners. Michael T. Greene, the president of Sam Goldenberg and Associates, was the broker on the sale.

Full article available at Slew of Santa Fe

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Growth Through Acquisition

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When is the Right Time to Sell

Abiquiu-BadlandsOver 2014, Sam Goldenberg & Associates completed 11 sales. We will have finalized two business sales by the end of January 2015 and more are to be announced. Everyday we receive inquiries from prospective buyers interested in our portfolio of businesses for sale.

What accounts for this strong activity? Several factors are at work. The lending environment has improved. The Albuquerque Business Journal explains: “U.S. banks had $287.64 billion in outstanding loans to small businesses as of Dec. 31, up 1.4 percent from a year earlier, according to the Federal Deposit Insurance Corp. In January, the dollars loaned to small businesses by banks, independent commercial finance companies and corporations, increased 4 percent from last year, according to Thomson Reuters and PayNet.”

As banks realize that American main street businesses are a good investment opportunity, it is bringing more buyers into the market. For someone who wants to secure their financial livelihood, an established business makes sense. It has a history of income generation and cash flow. This allow business buyers – and lending institutions – to quantify risk. (more…)

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EB-5 Visas Explained

passportEB-5 Immigration Assistance

This is rather a glib title for what often is a long, complex process.

We make every effort to help our foreign clients find a business investment suitable for their immigration and personal needs. New Mexico’s multicultural milieu and bustling immigrant populations make it an attractive choice for the foreign investor. Every year, visitors from Canada, Germany, the U.K, Israel and elsewhere make Santa Fe one of their top North American destinations. When a visitor decides to live here, they sometimes review the option of an Immigrant Investor Visa, more commonly known as an EB-5 Visa.

Congress created the Immigrant Investor Program  in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. The program provides foreign investors with a green card in exchange for investing a minimum of $1 million U.S. dollars in a new or distressed U.S business. The condition is that the business venture has to generate a minimum of 10 full-time U.S. jobs for Americans, excluding the investor or the investor’s family members.

According to a peer-reviewed study released by The Association to Invest in the USA, each year spending associated with EB-5 investors supports over 16,000 U.S. jobs each year, contributes $1.3 billion to U.S. gross domestic product (GDP), and investor spending brings an additional $713 million in federal tax revenue and $109 million in state and local tax revenue. (more…)

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What You Buy When You Buy a Business

What Exactly Do You Buy When You Buy a New Mexico Business? SGA will help you understand the type of transaction it is.

The vast majority of business purchases we facilitate are defined as “asset” purchases. An asset purchase specifically identifies the assets and liabilities you are purchasing or assuming.

Sometimes business owners own their assets inside a corporation. The owner owns Stock in the corporation, while the corporation owns the assets. A buyer typically forms their own legal entity, such as an LLC or S Corporation, to purchase the assets from the seller’s corporation.

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Why Confidentiality Matters

Typically business buyers contact us after first seeing our listings posted on our site or one of the other major internet businesses for sale portals, such as the SunbeltNetwork.com, BizQuest.com or BizBuySell com.

Before providing specific information regarding the businesses that we list, we often ask you to sign a  Nondisclosure Agreement (NDA). The purpose of the NDA is protect the business for sales’ confidential on-market status. An NDA prevents you from revealing this status to competitors, employees, creditors and others in the community. In other words, it protects the business. By showing your willingness to do just this, you are already establishing good will in the relationship and you will learn of New Mexico and southern Colorado business and investment opportunities that you would otherwise not come across.

If you are indeed seriously inquiring about purchasing the business, it ultimately protects your future investment as well.

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