The “Silver Tsunami” refers to the wave of Baby Boomers—those born between 1946 and 1964—reaching retirement age, a demographic shift with significant implications for small businesses. As this generation ages, an estimated 10,000 Baby Boomers retire each day, and many of them own small businesses. In fact, according to the U.S. Census Bureau, nearly 2.34 million businesses in the U.S. are owned by individuals over the age of 55, accounting for 50% of all small businesses.

When purchasing a business that includes commercial real estate, an SBA loan can be an excellent financing option. These loans, typically under the SBA 7(a) or SBA 504 programs, provide favorable terms and lower down payment requirements compared to conventional loans, making them attractive for business buyers.

As a business broker, one of the key aspects of preparing a seller for the market is understanding the types of questions potential buyers will ask. These questions are designed to uncover the value of your business, assess potential risks, and understand the opportunities it presents. Here’s a breakdown of common questions and how to prepare for them.

Exit planning is often overlooked by business owners, yet it can be crucial to a successful transition. Whether you’re a seasoned entrepreneur or just starting out, these statistics from the 2023 Q4 Market Pulse Report might change how you approach your exit strategy.

When selling a business, many owners are surprised by the various costs that come into play. These expenses are essential to navigate the sale successfully and can affect the final payout. Understanding the associated costs is critical for proper planning and success of selling a business, and thus, why I decided to write a small post on this topic.

When selling a business, having the right attorney on your team is essential to ensuring a smooth transaction. As a buyer or seller, you can navigate complex legal processes that can expose you to risks if not handled correctly. An experienced attorney, specifically one familiar with business transactions, helps protect your interests and ensures the legal structure of the deal aligns with your goals.

In the world of business, the importance of a brand is easily understated. A brand is more than just a logo or a name; it embodies the identity and values of a company, influencing how customers perceive it and interact with its products or services. A well-established brand sets a business apart from its competitors and creates a lasting impression in the minds of consumers.

Buying a business can be a transformative decision, whether you’re looking to expand your current operations or start fresh in a new industry. The timing of such a purchase is crucial and should align with both market conditions and your personal and professional readiness.

Timing the sale of a business is important and can significantly impact the outcome of the transaction. One of the key indicators that it might be the right time to sell is when the business is performing at its peak. Buyers are naturally attracted to companies that are showing strong financial performance, steady revenue growth, and healthy profit margins. Selling when the business is thriving can lead to a higher valuation, more favorable terms and a faster close.

When evaluating a business, financial statements are a critical source of information that provide valuable insights into the company’s performance and potential risks. As a business broker, I generally try to recommend to my buyers and even my sellers, to closely examine three key items.