For years, some buyers have viewed smaller businesses as more challenging acquisitions. Concerns about owner dependence, informal systems, limited customer bases, and incomplete documentation can make a smaller company seem riskier than a larger, more established business. But those same…
What Am I Actually Getting When I Buy a CPA Firm? Hi, this is Chuck Hayes with ABA Advisors. One of the questions we will get from buyers as we are talking with them about a letter of intent or…
Why Sellers Ask So Many Questions About Buyers – ABA Advisors, LLC When you find an accounting practice you’re interested in, you naturally have questions. You want to know about the revenue, cash flow, client mix, staff, asking price, and…
Starting a business with a friend, colleague, or someone in your family can feel uncomplicated at first. Because a level of trust already exists, business owners often make the mistake of skipping a formal partnership agreement. Unfortunately, even strong relationships…
Successful Deals Rely on Questions At the heart of any good deal is a series of questions. Selecting a business that is right for you is about asking the right questions and probing deeper when those answers seem problematic. Brokerage…
Have You Investigated These Key Points? Maintaining a cool head is essential when buying any business. Many businesses may seem like an excellent opportunity at first glance, only to unravel once carefully evaluated. Your excitement about owning a particular business…
If you’ve ever applied for a mortgage or loan, you’re likely already quite familiar with the concept of collateral. Collateral is an asset that is pledged to secure a loan. It offers lenders a way to recover losses when borrowers…
Receiving an offer on your business is a major milestone, but experienced buyers, sellers, and advisors know that an accepted offer is only one step in the transaction process. The real challenge is navigating the weeks (or sometimes months) between…
A deal may first look attractive on paper. However, without digging deeper, you may risk problems that are not immediately visible. We recommend always being curious. Ask direct questions, as this will give you a clearer picture of what…
The term “negotiation” tends to stir mixed reactions. Some people enjoy the challenge, while others would rather avoid it altogether. No matter how you feel about the tactics you might use, the end goal is to reach an agreement that…