FischerBiologic is a Nutritional Supplements Brand devoted to utilizing clinical study and premium ingredients to fortify the dietary supplements created by the firm. The supplements are available via wholesale, retail and eCommerce and are focused in specific health niches where clinical analysis is used to inform all products developed by the firm.
HonestSherpa is being developed into a Global Franchise that provides thousands of rental gear and amenities for the Vacation Home & Short Term Rental Industry. The firm delivers rented products directly into vacation homes daily so that the items are immediately available for Guests upon arrival. When the Guests depart, the products are picked up.
From VRBO and AirBNB and everything in between, the firm works directly with Property Management Companies, Homeowners and Vacationers to deliver a wide variety of products that Vacationers & Guests need during their stay. This includes clean Gas Grills, Baby Gear, Extra Beds, Strollers, Wheelchairs, Sun Loungers and anything else the Guest might need to keep them comfortable and happy during their stay. The company delivers and picks up 7 days a week.
Headquartered in Orlando, Florida and originally started up in Orlando to provide services to the Walt Disney World and Universal Studios areas, and using an in-house Tech Stack to make the process of rental and delivery of vacation gear as user friendly as possible, the company will be expanding across the nation and across the sea as time progresses – with the ultimate goal of having a franchise location in every major vacation area, worldwide.
SellerForce is a Sell Side Business Brokerage focused on Small to Medium Sized Businesses in the Technology, Internet and Digital Sector. As a sister company to WebsiteClosers, a leading M&A Firm in the Tech & Internet Space, the brokerage has the benefit and power of a well known brand in the industry, while still focusing on smaller transactions in the SMB. Businesses represented by this company include eCommerce, Amazon FBA, SaaS, IaaS, Paas (Software Companies), Online Companies, MSP/IT, Digital Marketing Firms and any other business in the digital space.
No matter how you come upon the topic of scheduling a business valuation, it is important to have a relationship with an experienced business broker who can guide you through the process and help you to get the valuation that will help set you up for success in selling your business.
It can be uncertain to approach this process on your own and it can also set you up for challenges and potential issues in the business valuation and selling process. This becomes especially problematic when other people have a business interest in the company.
There are three major approaches to determining the value of a business interest; the market approach, the income approach and the asset approach. While the asset approach looks at a value that remains relatively simple at assets minus liabilities, leaving the total value, this means that assets include both intangible and tangible assets. It can eb rather difficult to use this approach because it can be challenging to put a value on business assets.
While some items that a company owns could eb relatively easy to value, others might be more challenging. This becomes especially problematic when valuing inventory. The market approach, on the other hand, calculates the value of a business by comparing it with other similar businesses that have recently been sold.
This is similar to how a real estate appraiser will look at comparable houses in a neighborhood when determining the overall value of a house being appraised. If there are no similar businesses that have recently been sold, however, this means that it can be difficult or impossible to get an accurate comp. The final method of valuing a business interest is known as the income approach which uses historical information and formulas to predict anticipated cash flow and profits when looking at the value of a business.
These formulas consider future benefits in addition to the rate of return or risk, and in fact, when it comes to determining the value of a business interest this is the most commonly used method. If a business interest is small and there is no dispute as to what it’s worth, then both parties can easily step up and name its worth and use that value when determining whether that person will be bought out for the purposes of selling the company.
Attorneys can also be used to put a value on the business if the interest is relatively simple and small. However, the attorney who advocates for the person owning the interest in the business will no doubt argue that the business is worth less than the person who does not currently have an ownership interest. More often than not, business valuations require an expert to look into the liabilities, assets, finances, history and other aspects of a business to determine the overall value. All parties involved are strongly recommended to hire outside experts to get a clear perspective on what the company is worth. Schedule a consultation today with an experienced business broker like those working at Website Closers. We can assist you with the whole end to end process.
If you have an eye in the future on the possibility of selling your business for profit, you probably have a lot of different factors to consider in the back of your mind about what makes the most sense for selling it. If you already have established search engine traffic and a solid game in social media, don’t forget about the possibilities available to you with video. Video has become an increasingly popular way to retain and attract new customers to your brand. Whether it’s for educational or marketing purposes, adding video into your business can be very beneficial to your overall strategy. One of the most important things you can do for your prospective customers is to answer a question or fulfill a need. In every industry there are probably ten common questions that clients come to you with. Create videos that answer those ten popular questions and then upload them effectively.
This approach works really well because you are targeting questions that customers are already looking for, which means that they are probably typing them into search engine traffic as well. If you are stumped on how to get started on a video and are little bit nervous about doing it on your own, you can interview educators and creators who are in your direct pipeline as vendors. The customers come out being more educated and you have additional content that you can repurpose in different ways for marketing purposes. Videos can be excellent for externally facing marketing goals.
However, when used internally they can also help to develop relationships with your staff who might be working remotely. Videos can help new staff members get onboarded as soon as possible and create monthly engaging and inclusive team meetings that enhance the ability to create strong working relationships even if you are not physically in the same place. If you regularly accomplish things within the business that you are proud to share, video is an excellent medium through which to publish this.
We live in the age of video content and a good piece of video will be able to sell your idea much better than text in some cases. This gives customers the opportunity to get to know you better by using both non-verbal and verbal signs. By connecting live with your audience, you are creating content that is directly relevant to their most urgent needs but also helps to position you as a knowledgeable leader in your industry.
If you are confident that this could be your newest marketing channel in 2020, this could also be your opportunity to think about listing your business for sale in a couple of years. Having multiple different marketing channels established with the systems and processes to support them makes it easier for you to show an outside business purchaser the potential benefits for them.
When to Engage a Business Broker
Most business brokers prefer to work with you at least several months in advance for when you intend to sell the company. This is because there are multiple processes involved and these can all require you to gather different materials and to answer difficult questions for what you might need to gather information. These three key phases of selling your business are preparation, process and post-close.
During the preparation phase, knowledgeable professionals, such as a business broker, will help you answer questions over the course of weeks or even months. There are many different terms and clauses that a company’s seller needs to consider regarding post-close expectations, legal impacts, tax planning, equity, and work force expectations or even renaming the company too.
A trade-up has to considered with every unique decision, which puts you in the driver seat to have a lot of responsibility in the coming months for answering these issues. The result of these tough questions will fall to how a seller wants to find a successful transaction. Any answers to these kinds of questions will impact the valuation of the business and often sellers are caught off-guard by the terms named. What is expected for many sellers are the answers to the questions related to business, strategy and operations.
Whether it’s the history of the company to the current work force and the future prospects or finances at the firm, business brokers want to comprehend your investment opportunity so that they can align it with strategic potential buyers and have a good grip on understanding your business as well. Knowledgeable business brokers will push to have this information as soon as possible in the preparation phase of you selling your company.
As a seller, you will need to work closely with your business broker to be as comprehensive as possible with these materials. Not only will answering these questions would put you in a good position to list the company for sale sooner rather than later, but it will make future aspects of the company going up for sale, such as due diligence, that much easier. Overall, this can increase your chances of selling your company to a qualified buyer as soon as possible and allowing you to move on to the next chapter of your life.