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The simple fact is that selling your business is likely to be the single most important financial decision you’ll ever make.  With this important fact in mind, it is essential that you prepare far in advance.  Let’s dive in and take a look at some of the key items you’ll want to check off your list before placing your business on the market. Think About Legalities When it comes to selling a business, legal issues...

ARTICLE BY: NAOMI JOHNSON If you are a small business owner, chances are you’ve never experienced anything quite like the challenges created by the pandemic. Maybe your business has been closed since March, or maybe you’ve been allowed to reopen at a limited capacity. Whatever the circumstances, it’s essential to prepare for the future—a future where your business is up and running, whether it’s at full capacity or not. For you to be adequately prepared,...

Most business buyers and sellers are wondering what 2021 and beyond will bring.  BizBuySell and BizQuest President Bob House provided a range of insights stemming from BizBuySell’s 3rd Quarter Insight Report and a survey of over 2,300 business owners.  The simple fact is that the pandemic has most definitely had a major impact on the buying and selling of businesses.  This fact is obvious.  But diving deeper, there are a range of insights that can...

Pledges $1 Billion Investment and Additional 1,000 Jobs Today, New Mexico Governor Michelle Lujan Grisham and Albuquerque Mayor Tim Keller together with Netflix Co-CEO Ted Sarandos announced that Netflix, the world’s leading internet entertainment service, plans to boost its presence in the state by expanding ABQ Studios and committing to an additional $1 billion in production spend. The expansion will add 300 acres to the company’s existing space at ABQ Studios, located in Albuquerque’s Mesa Del...

Goodwill is a term that might cause a little confusion for some.  But at its heart, it is a relatively straight-forward concept.  Goodwill is generally viewed as a term that encapsulates everything from a business’s reputation to the goods, services and products it provides.  The key idea is that there is goodwill if the business is viewed as a true and functioning business that has longevity in the marketplace.  The Importance of Reputation It is...

After almost 15 successful years in business we thought it was time for new opportunities. During discussions with Michael Greene, owner of Sam Goldenberg & Associates, he convinced me of the value of our companies and to trust his company with the confidential sale of our publication brand. He and his Senior Account Manager, J. Erika Munde assisted me and the current owner on a daily basis throughout the process—completing the transaction successfully even during...

Sam Goldenberg and Associates helped us through the entire process of purchasing a business for the first time. They were patient, answered all our questions, and Erika always responded quickly.

SGA has been nothing but professional, kind and patient with our acquisition process. Erika, Kandice & Michael have treated us with the utmost respect throughout the year long journey that we have been working with them. Despite hundreds of questions, long conversations and a delayed lending process, SGA provided all of the tools and assistance required for our business acquisition, and they did it quite graciously. Buying and selling businesses isn’t easy and SGA doesn’t...

It has been 4 years since the sale of our business. We were reluctant to give our referral until we were satisfied with the continued success of the business. Finding the perfect new owners for our business was very important to us. Michael accomplished that and much more. The dealership has continued to be a success, with proud employees and happy customers. The very act of keeping the listing and sale confidential was crucial. Our...

Sam Goldenberg & Associates was extremely helpful for our first small business purchase! They guided us through all legal requirements and ensured successful seller/buyer interaction, especially Erika Munde. Since we started the process from overseas, evaluation and coordination from a different country provided a daunting endeavor. The patience and expertise of the broker team gave us the confidence needed to work through the complexities of such a detailed transaction. They continue to provide us post-sale...