Buying and Selling a Business: What You Need to Know

Event description

If you are a seasoned business owner or a younger entrepreneur interested in acquisition, join us for this presentation to learn how to prepare a business for sale. Topics will include valuation, timing, and exit options. You will also hear from the Small Business Administration (SBA) about their 7(a) loan program - commonly used for business acquisitions - as well as the SBDC and the many resources they offer to help owners prepare their businesses for sale.

Highlights:

• Understanding how businesses are valued (EBITDA, cash flow, and assets)
• Key steps to prepare your business for sale
• Common exit strategies and how to choose the right one
• Financial documentation buyers and lenders expect to see
• Practical ways to increase your business value before the sale
• Common red flags that can delay or derail a transaction
• Creating a realistic timeline for a successful sale
• Resources to help you with the sale or acquisition

This session is designed for seasoned business owners preparing to sell their business, as well as younger entrepreneurs interested in acquiring one.