Welcome to our Blog page that gives entrepreneurs helpful information on buying or selling a business. Playbook Advisory is your go to source for information on mergers and acquisitions since 2016.
Selling a business is one of the biggest decisions an owner will ever make. A business broker plays a critical role in protecting confidentiality, attracting qualified buyers, and guiding both sides through negotiations and closing. In this article, we break down the entire sales process and explain how the right broker can increase your chances of success.
Read MoreAs we enter the new year, it's the perfect time to start planning your exit strategy. At Playbook Advisory, we specialize in helping business owners like you achieve successful sales and smooth transitions.
Why Partner with Us? We understand the complexities involved in selling a business. Our expert team provides tailored support throughout the process, ensuring that you receive the best possible outcome and valuation for your company.
Read MoreNavigating the future of a business with multiple owners can be fraught with uncertainty and potential conflicts, particularly when it comes time to sell. A buy-sell agreement acts as a safety net, ensuring that all owners have a clear and mutual understanding of how a business will be valued, and the terms under which shares can be sold or transferred. This legal document is not just a formality; it's a critical component of business planning that can prevent costly disputes and ensure the stability of the business through major transitions.
The costs of drafting a buy-sell agreement are a prudent investment in the longevity and health of your business. Depending on the complexity, legal fees for a comprehensive agreement typically range from $2,500 to $10,000—a small price to pay for the security and clarity it brings to your business operations. Remember, the absence of a buy-sell agreement can lead to much higher costs down the line, both in financial terms and in lost time and opportunities.
Read MoreExplore best practices for business buyers looking to meet with prospective sellers. From dressing professionally to asking the right questions, this guide covers essential steps to ensure a smooth and effective business acquisition process. Dive into key concerns for both buyers and sellers, along with top questions to streamline your buyer - seller meeting.
Read MoreThe purpose of reps and warranties is to provide the buyer with assurance that the target company is in good condition and that the buyer is not acquiring any undisclosed liabilities or issues that may negatively impact the company's value. If any of the representations and warranties turn out to be false, the buyer may be entitled to seek damages from the seller.
Read MoreThinking about selling your business? Learn how hiring a business broker can help you maximize your profit and ensure a smooth process while selling your company. Contact Jim Peddle at 312-525-9622 to learn more.
Read MoreAn opportunity to purchase, own and run your very own profitable HD Media Equipment Rental Leasing & Sales Company that has over $1.25mm + in inventory/equipment onsite in its single showroom facility. The company generates a significant amount of revenue from repeat clients that are well known in Chicago. You will work with Professional and Major League Sports Teams, Universities, and Fortune 500 Corporate clients that rely on the company to provide reliable equipment and gear to produce their media content.
Read MoreWhat does a business broker do"? In this post, we answer the question both buyers and sellers ask us to address when embarking on the journey of buying and selling a business.
Read More
