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26 Apr Buying a Business: What to Expect
Posted at 21:26h
At first, buying a business can seem like a daunting process. There is a lot of money at stake, you may have concerns if it is the right business for you, and the road ahead is unfamiliar. Better understanding what happens and educating yourself about each step can greatly allay these concerns. We have traveled this path countless times and will guide you each step of the way. The infographic below gives you a road...
26 Apr What Happens During Due Diligence
Posted at 20:31h
The business buyer’s due diligence phase gives you the opportunity to uncover everything you need to know about the business before you purchase it. The process helps ensure that your money is being well spent. You will have your professional advisors, such as an attorney who specializes in business purchases or mergers and acquisitions as well as your accountant or CPA, examine the Seller’s P&L statements, tax records, any insurance claims, lease agreements, and other...
26 Apr Why Work with SGA
Posted at 09:11h
Over our 30-plus year history, Sam Goldenberg & Associates has listed and sold a wide variety of small businesses. When you retain our services, you take advantage of our position as New Mexico’s exclusive affiliate of the the Sunbelt Network, our marketing reach, and the expertise and experience of our team to help you meet your goals. When aspiring entrepreneurs begin their search, it is often to this website that they turn to view New...
26 Apr Selling a Business
Posted at 08:58h
Ready to Explore Selling Your Business You’ve invested time, money and elbow grease into making your business what it is today. It’s a legacy you should be proud of. We empower business owners to translate their hard work into a nest egg to help them enjoy the next chapter in their lives. For over 35 years, Sam Goldenberg & Associates has been putting its expertise in the service of New Mexico business owners to help...
24 Apr Biz owners eager to buy, sell
Posted at 08:17h
in News
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...
24 Apr Business broker helps bring new entrepreneurs to Santa Fe
Dennis 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...24 Apr Slew of Santa Fe Restaurants Have New Owners
Posted at 07:37h
in News
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
23 Apr Step #9: Closing and Transition
Posted at 19:53h
You and the Buyer will sign all sales documents and funds will be transferred to you. At this stage, we also collect our agreed upon fees. During the closing process, you and the Buyer will also plan the new ownership announcement to employees and other stakeholders. The final step will be the transition of management and training of the new owner.
23 Apr Step #8: Open Escrow
Posted at 19:19h
During these final steps of the sales process, we will facilitate the preparation of the closing documents. At this time, all remaining contingencies will be resolved. Any third-party financing will also be completed.
23 Apr Step #7: Due Diligence
Posted at 18:28h
The Buyer’s Due Diligence phase is the time during which the potential new owner has the opportunity to review the records to ensure that they have a complete and accurate understanding of the business that they are buying. They may ask to examine the corporate structure of your business, employee contracts and records, tax compliance, insurance claims, business assets, lease agreements, and contracts with vendors and suppliers among other things.
23 Apr Step #6: Present Offer
Posted at 18:21h
We will obtain offers from interested, financially qualified business Buyers and present them to you. We recommend that you have your legal and tax professionals review these documents. We will facilitate the negotiations of this business purchase to generate a purchase agreement. After the offer has been negotiated and accepted by you and the Buyer, we will continue to facilitate the process.
23 Apr Step #5: Market the Business
Posted at 17:57h
When it comes to marketing your business, we will work with you to formulate a personalized marketing plan. We will define marketing strategies, establish timelines and identify , including defining the marketing strategy and monitor performance. The marketing plan will be customized to fit your business’ particular circumstances and protect confidentiality. This plan will enable you to continue to manage your business, while we market it in a way that minimizes exposure of its on-the-market...
23 Apr Step #4: Generate a Business Profile
Posted at 17:21h
After you have provided the relevant documents and we have completed an interview with you, we will prepare a proprietary, confidential business profile to provide to pre-screened Buyers. This is an executive summary of your business that will include historical performance and potential growth opportunities for the business under new ownership.
22 Apr Step #3: Complete the Business Valuation
Posted at 23:59h
A business valuation is critical to determining the fair market price of your business. We use a variety of industry-standard methodologies to narrow the range at which you should considering putting your business on the market. “Many things done right” is something you often hear among Sunbelt brokers. Nowhere is this more important than in determining the appropriate sales price for your business for an effective sale that meets your goals.
