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13 Nov What Makes a Deal Close?
For every reason that a pending sale of a business collapses, there is a positive reason why the sale closed successfully. What does it take for the sale of a business to close successfully? Certainly there are reasons that a sale might not close that are beyond anyone’s control. A fire, for example, the death of a principal, or a natural disaster such as a hurricane or tornado. There might be an environmental problem that...11 Nov Fun, Beauty, and Jobs – New Mexico’s Growing Outdoor Recreation Economy
Posted at 12:22h
in Uncategorized
Today, the Bureau of Economic Analysis (BEA) released data on the size and scope of the outdoor recreation industry in the U.S. and in New Mexico. In New Mexico, the updated data show that the outdoor economy contributed $2.4 billion to the state’s GDP in 2019 (2.2% of GDP). According to the report, 35,065 people were employed in this sector, with $1.2 billion in total income. At the national level, the data shows that the...
06 Nov Turn to the Professionals for Best Results
There is a direct relationship between the asking price and the amount of cash on the table at the time of the sale. Buyers and sellers alike should keep one fact in mind. Most businesses involve some level of seller financing. It is customary for both buyers and sellers to have concerns regarding this kind of financing; after all, sellers don’t want to take their businesses back from the buyer. Buyers want to generate enough...
05 Nov Successfully Navigating Seller Financing
Posted at 03:16h
in Seller Articles
Only a small percentage of the population is able to go through life without using some form of financing at some point. Most people have little choice but to finance everything from their home and car purchases to their college education. Now, with that stated, most business owners would love to receive an all-cash offer for their business. But the reality of the situation is quite different. The facts are that owner financing is very...
