What is a Confidential Information Memorandum (CIM)?
A CIM is a comprehensive document that provides potential buyers with detailed information about the business being sold. In this blog post, we'll explore what a CIM is, why it is important, and what it typically includes.
Definition of Cost of Goods Sold (COGS)
Cost of Goods Sold (COGS) is a critical metric that every business owner needs to understand. In this blog post, we explore the definition of COGS, why it matters, how to calculate it, and its impact on the financial health and sale of a small business.
Defining & Explaining Sellers Discretionary Earnings (SDE)
If you're a small business owner, understanding your company's financial performance is essential. However, assessing your business's value is not as simple as looking at revenue or net income—that's where Seller's Discretionary Earnings (SDE) comes in.
What is the definition of EBITDA?
Understanding EBITDA is crucial for small business owners and entrepreneurs when it comes to evaluating the financial health of a business. This blog post breaks down what EBITDA is, how it's calculated, and why it's such an important business metric.
Alternatives to BizBuySell
BizBuySell is the most well-known site for sourcing small business deals, but it isn't the only option out there. We'll go through alternatives to "BBS" and where they site in the landscape of small business brokerages and listing sites.
Retirement Plans for Small Businesses: SEP vs. SIMPLE
Small business owners often face a variety of challenges when it comes to offering retirement benefits to their employees and planning for their own retirement. This post outlines the two most common retirement plans we see.
Business Broker Fees: How Much Are They, And Who Pays?
When you want to sell or buy your business, you want the best value possible. As a seller, you want the highest selling price, and as a buyer, you look for the lowest price. Business brokers help you achieve the best value possible.
The Role of Community Development Financial Institutions
When looking for small business loans, owners may come across Community Development Financial Institutions (CDFIs). These institutions are dedicated to helping increase access to financing in underserved communities.