Contractor News
5 Tips for Buyers
When you are making an offer on a business, don’t be surprised to find that there are other bidders. In many of our business sales, we are receiving multiple offers. This is a common occurrence in sales of larger businesses by investment bankers and the buyers are familiar with how to handle the situation. Many…
Read MoreTop 9 Exit Planning Mistakes
When is the best time to sell? –I’m often asked when is the best time to sell? While there is no right answer here I recommend selling between January-Late summer. I get a lot of calls in the summer months and one of the first questions I’m asked is can you sell before peak? Sometimes we…
Read More7 Reasons to Buy a package delivery Business
7 Reasons to Buy a package delivery business: E-commerce boom This past week JC Penny announced that it would be closing up to 140 stores across the nation due in part to Customers Buying more and more online. They are one of the many retailers that hasn’t been able to adopt to the changing world…
Read MoreEmployee retention tips.
When you purchase a business, you will immediately begin to deal with the employees. The type and size of business will determine the number of employees needed. A profitable business will usually have long-term employees who will want to continue to work for you when you purchase the business. Remember, your customers think of your…
Read MoreIs it time to sell?
Is it time to sell? Selling your business is a major decision! You have devoted your time, money, and energy into building, running, and operating your business. It may well represent your life’s work. If you have already decided that now is the right time to sell, you want the very best professional guidance you…
Read MoreTexas Judge issues nationwide injunction against OT rule
A federal judge in Texas has issued a nationwide injunction blocking the Department of Labor’s rule requiring overtime pay for more than 4 million new workers. In a 20-page decision (see below), U.S. District Judge Amos L. Mazzant ruled that 21 states and more than 50 business groups that sued to block the rule stood…
Read MoreFedEx anticipates another record peak Holiday season.
FedEx anticipates another record peak holiday shipping season, with each of the four Mondays during the season expected to be among the busiest in our company’s history. The rapid growth of e-commerce has driven significant shifts in demand over the last several years, and we are confident we are prepared to deliver another successful holiday…
Read More2016 Buyer-Seller confidence index
Bizbuysell.com just released their 2016 Buyer Seller Confidence Index. This is a great read into the market. We are still seeing strong sales in the FedEx Ground market, with a 3 multiple for P&D routes, and a 3.5X multiple on line haul. If you, or someone you know has been thinking about selling tell them…
Read MoreNew OT laws go into effect December 1st, 2016
When new laws go into effect there are usually a lot of questions from the small business community. New OT regulations are going into effect on December 1, 2016. We have put together this blog to help you get the facts. Fact Sheet #19: The Motor Carrier Exemption under the Fair Labor Standards Act (FLSA)…
Read MoreAsset Sale vs Stock Sale
Deciding whether to structure a business sale as an asset sale or a stock sale is complicated because the parties involved benefit from opposing structures. Generally, buyers prefer asset sales, whereas sellers prefer stock sales. This article highlights some primary differences between the two structures. This article is not intended to provide legal and/or tax…
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