From business brokerage to mergers and acquisitions; we are the business sale specialists.
A local manufacturer with about $75 million in annual sales was revenue constrained due to lack of space. Time was of the essence so they hired Cresa Real Estate to acquire an adjacent empty lot to construct a new building. Cresa suggested instead they conduct a strategic analysis before making an offer on the adjoining property. This crucial step took this business in an entirely different direction.
Apr 9, 2019 11:00:00 AMRead Blog
The definition of "good" financial records can be different from sellers' and buyers' perspectives. Sellers should expect buyers to request detailed reports to prove your earnings claims and to help them in their decision making. The best time to improve your record keeping is 4-5 years prior to listing your business for sale.
Apr 1, 2019 7:10:15 AMRead Blog
What is eos & is it right for my business? Minnesota is a hotbed for EOS (Entrepreneurial Operation System). Over 2000 Minnesota businesses have implemented EOS and that demand has caused a jump in the number of EOS certified implementer coaches in Minnesota to over 60. Businesses who have implemented it the right way (using an outside certified implementer) are very passionate about it and the results EOS has brought to their culture, vision, growth and bottom line.
Mar 11, 2019 5:13:02 PMRead Blog
Counter-intuitively, entrepreneurs that have achieved significant success are often the most anxious. Seems odd that the stronger the balance sheet, the higher the anxiety…And odder yet, it seems these anxious times intensify after a big success. Determining where you want to go next, and how to best protect the assets you've accrued is a big decision. Every business owner will exit his / her business. Signs of anxiety may be a clue its time to consider business sale.
Mar 4, 2019 9:18:44 AMRead Blog
While the definition of working capital is simple to define and monitor over time (current assets minus current liabilities), there are several considerations for business sales. Your Advisors’ experience and preparation can smooth potentially contentious closing disputes.
Feb 5, 2019 12:59:06 PMRead Blog
While building your own business from the ground up seems exciting, find out why purchasing an established enterprise is a safer, less stressful route to an entrepreneurial career. Buying a business is more likely to generate a higher income, more quickly, than a start from scratch.
Dec 28, 2018 11:30:34 AMRead Blog