Jun 28, 2022 | Business Appraisal, Business Appraiser, Growing a Business, Small Business, Value Enhancement
There are many reasons to increase the value of your business. But today, let’s talk about the how. Learning how to increase the value of your business is essential after buying a business and before selling a business. There are several ways to go about this but here...
Jun 24, 2022 | Business Appraiser, Recreation Vehicle Dealership
The recreational vehicle dealership industry has seen significant growth. Much of this is due to stay-at-home orders from the COVID-19 pandemic. Stay-at-home orders caused consumers to look for ways to get outside. Recreational vehicle dealerships offer a solution to...
Jun 21, 2022 | Business Appraiser
Convenience stores are one of the most popular businesses to own. There are two main classifications of convenience stores. These convenience stores are either connected to a gas station or standalone stores. Convenience stores have been profitable businesses for...
Jun 17, 2022 | Business Appraiser, Buying a Business
The closing process is the final step in buying a business. The closing process includes several items before the business transaction is complete. First, the buyer and seller will sign the sales agreement. Next, the buyer will pay the agreed-upon terms/down payment...
Jun 14, 2022 | Business Appraiser, Footwear Wholesale, Wholesale Trade
Footwear wholesalers are the middleman between shoe manufacturers and retail companies. Unfortunately, over the last five years, manufacturers began bypassing wholesalers to cut costs. While going straight to the retailers helped manufacturers, it hurt the footwear...
Jun 10, 2022 | Business Appraiser, Business Valuation, Methods of Valuation, Valuation Approaches
There are three main methods to value a business. These methods included the income approach, market approach, and asset approach. Each method specializes in specific ways to arrive at a fair market value. A valuation expert uses these methods when valuing a business....
