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If you are considering buying or selling a business, there is much to think about before you do.

Buying a business requires a mindset of knowing exactly what you are buying, why you are buying it and what a fair price is. 

Selling a business requires getting into position to sell and then getting a fair price for what you’ve built these past many years. 

For your benefit, below are a few key things to know and understand about either buying or selling a business.

 

Value Price

IF YOU ARE SELLING A BUSINESS

  • The better your business is performing, the more value you give the buyer, and the higher your selling price.
  • Your selling price rises with greater earnings and cash flow.
  • Your agreements with your customers and/or clients carry selling value. Please construct them wisely.
  • Preparing your business for sale takes time. Please budget a few years to position for the sale if you can.
  • A few years of turning your company into a greater performing company could mean millions in increased selling price.

What Prize Performance Can Do For You When Selling Your Business

If you choose to sell your business, Prize Performance LLC provides you firm positioning, and as a consequence, gets you a greater selling price, when selling your business.

  • Construct highly valuable agreements with your customers and/or clients.
  • Optimize your operations and financial performance for increased revenues, reduced costs and improved profit and cash flow.
  • Make  your business more attractive for sale.
  • Command a higher sales price.
  • Present your business for sale in the best way.
  • Connect you with a business broker with both US and overseas business buyer contacts.
  • Click here to see about how Prize Performance can place a valuation on your business
  • See below for a comparative chart of business value with and without positioning

Prize Performance does not perform business broker services. For business broker services, Prize Performance LLC recommends:

Omar Alhariri, CBI

Global Business Brokerage LLC

8201 Greensboro Drive

Suite 300

McLean, VA 22102

703-288-5274

Business Value Chart

IF YOU ARE BUYING A BUSINESS

Prize Performance LLC helps you to find a great value on buying a business.

  • When buying a business, you need to know what you are buying and why.
  • Your buying price is often a multiple of your earnings and/or cash flow.
  • It’s to your advantage to buy an undervalued business.
  • Due diligence to understand what you are buying is critically important to a good investment.
  • Services you will need include that of a CPA, CGMA, a lawyer, and possibly more.

What Prize Performance Can Do For You When Buying A Business

  • Understand the exact financial position and operating condition of the company you are buying.
  • Understand your true reasons for buying.
  • Understand clearly what the true earnings and cash flow are.
  • Understand if your business purchase is undervalued, properly valued or over valued.
  • Capitalize on a faster return on your investment, and see profits sooner, in the case of an undervalued business.
  • Integrate your purchased business with an existing business, if necessary.
  • Connect you with a business broker.

Valuations performed by Prize Performance LLC adhere to the following standards:

  • American Society of Appraisers (ASA)
  • Uniform Standards of Professional Appraisal Practice (USPAP)

AND

  • The American Institute for Certified Public Accountants
  • Statement on Standards for Valuation Services No. 1 (SSVS No. 1)

 

Prize Performance does not perform business broker services.

For business broker services, Prize Performance LLC recommends:

Omar Alhariri, CBI

Global Business Brokerage LLC

8201 Greensboro Drive

Suite 300

McLean, VA 22102

703-288-5274

 

Thank You and please call us to see your business buying and selling experience work very well for you!