Business Sellers’ Testimonies: “What I Wish I Knew”

Transcript

It has been 52 episodes of the Deal Board Podcast, one year of talking about business, valuation, different locations around the world and especially helping small business owners to understand the different markets and to get them closer to closing better deals. Andy and Jessica are looking forward to a great second year; soon Transworld Business Advisors will be launching a new website as well as the recent opening of their YouTube Channel.

In this episode, you will hear business sellers talking about what they wish they knew. It is common that business owners enter the process of selling not knowing much about what is about to happen. They have never sold a business before, and it is hard to make decisions while receiving different or even conflicting advice. Listen to this episode to know what different scenarios you must consider when pursuing the sale of your business.

Listings of the week: Alex Dvorak (Denver). Owner absentee restaurant opportunity. Located at the edge of downtown. In business for six-and-a-half years. Price: $281,000. Owner benefit, $135,000. Call Alex at 720-526-0528 or email [email protected].

Key Takeaways

Key takeaways:
[5:11] Deal of the week: Tom Jones (Fort Lauderdale). Riverfront Gondola Tours, Dinner Cruises Company, six years in business. The General Manager bought the business through an SBA loan.
[7:04] When is a good time to sell?
[7:23] Catherine Jaffee, founder and president of the House of Pod.
[8:50] Alie Elman.
[9:20] Ali talks about her experience of not selling on time.
[11:17] Catherine Jaffee talks about being the founder of Hose of Pod.
[12:51] The different drivers to selling a business.
[14:25] It is always time to sell; keep your books and records in order.
[15:28] Being your own boss, vs. working for others.
[17:02] Doing the right thing for the company.
[18:30] When the big company comes along.
[19:52] Listing of the week: Alex Dvorak (Denver). Owner absentee restaurant opportunity. Located at the edge of downtown. In business for six-and-a-half years. Price: $281,000. Owner benefit, $135,000.

Call us — 888-711-9018
Email us [email protected]
Call Alex Dvorak at 720-526-0528 or email [email protected].

Tweetables:
“Small businesses take time and effort.” #thedealboard #transworldbusinessadvisors #smallbusiness

“It is always time to sell.” #thedealboard #transworldbusinessadvisors #timetosell

“Companies are living and breathing entities; sometimes you just have to do what is best for the company.” #thedealboard #transworldbusinessadvisors #company #timetosell #righttime

“Build your company as if you are ready to sell it.” #thedealboard #transworldbusinessadvisors #sell #business #ready