Empire Business Solutions, a leading independent business broker in Los Angeles and Orange County is pleased to announce a business for sale in Los Angeles.
As we start the New Year, Empire sees an increase from owners wanting to understand the process of selling their business and possible going to market. The majority of inquiries is from owners who are wanting to retire and have owned their business for a significant period to time.
Roy Moss, President of Empire Business Solutions, who has over 15 years’ experience in
in M&A transactions, says “Todays’ market and for many years going forward is going to be mostly baby boomer owners wanting to sell their business. This will certainly be very interesting and challenging times for both the sellers and the brokers”
Selling a Lower Middle Market Business, by our definition…a Company with less than $1,000,000 in annual owner benefit or EBITDA, is one of the most misunderstood and poorly managed processes in small business today. This is unfortunate too, because a lot of high-energy, risk-taking entrepreneurs have spent years bare-knuckle brawling with lenders, suppliers, employees, competitors and governments to provide for families, create wealth and provide jobs and service to their communities and one might think exiting for other opportunities or the golden years would be rewarding.
To have the advantage, or at least an opportunity to get to the closing table, you must see the business through the eyes of a buyer and lender, so you’re prepared for the incoming fire that will inevitably come your way. Buyers and sellers are at cross-purposes when it comes to terms and conditions of a sale so knowing how to proceed once the swords are crossed is critical. What is positive for the seller is usually negative for the buyer and vice-versa. When a buyer tells a seller, the business is not worth as much as (s) he thought, it’s often viewed as a personal attack and the response can create a barrier to (what still could be) a successful transaction.
Primarily, it’s a numbers problem. Today, the business for sale market is flooded with sellers wanting to fund their next stage of life (be it retirement or something else). Retirement is obviously the biggest factor as 70% of all businesses are owned by people over 551.This “age-wave” is further evidenced by the fact that about 8,000 Baby Boomers are turning 65 years old every day until the year 2029, an astounding number.
Contact Roy Moss, President of Empire Business Solutions at 714-374-6430 to discuss the process in selling or buying a business in Orange County. Empire has been in business since 2005 and is considered a one of the leading broker brokers California with offices in Orange County and Los Angeles with primary emphasis on businesses in the $1.0 mil-$10.0 mil revenue range. For more detail visit website https://empireoc.com/