Profitable liquor stores are always in high demand. Specifically, during the COVID-19 pandemic, liquor stores have fared well and have continued with strong growth. With the strong growth, it is a great time to buy or sell a liquor store. The first step of that...
If you are looking to sell your business, you might want to explore transferring ownership to a key employee. When you started your business, you probably never considered the day you would retire, or leave your business in someone else’s hands. A business...
For most small business owners, there comes a day when you decide to transfer your business. This may be because you wish to retire, seek a partner to assume ownership, or are ready to move onto something new. No matter the reason, transferring ownership has many...
Each year, thousands of businesses change ownership. Yet, many owners don’t maximize the financial proceeds from this historic event. This event is a one-time opportunity to monetize the years invested in the business. One of the primary reasons why business owners...
A business exit strategy is simply a plan for what will happen when you are ready to leave your business. Just like you have a clearly defined business plan to guide your business through the course of its life, you should have a plan for exiting. There are several...
Most business owners have between 80-90% of their personal net worth tied up in the company they own – one highly non-liquid asset. Not only does this make estate planning difficult, but it also exposes the financial legacy you want to leave behind to your...
