You may not be ready to buy a business or sell your business today, yet you can foresee a time when you will want to do so. It is never too soon to start planning. Perhaps your retirement plan calls for selling your business in five years. Now is the time to begin positioning the business to maximize the value realized in the future. Planning now can enhance the value you realize later. There are many things to consider. Identify and eliminate inefficiencies in processes and personnel. Do existing capabilities offer the opportunity to develop new revenue streams? Additional profitable revenue enhances value. Clean up the balance sheet, i.e. consistently collect your receivables in a timely manner. Buyers aren’t interested in stale receivables. Get rid of obsolete inventory. A buyer doesn’t want it. Address outstanding legal issues; contingent liabilities only cause problems when you are trying to sell. These are just a few of the things to consider. We can help.
On the other hand, perhaps you’re ready to buy in the near future. Maybe you don’t need help searching for and identifying an opportunity; you’ve had preliminary conversations with a seller but don’t know how to move the process forward. We can provide guidance, assist with negotiations and due diligence, help resolve issues that inevitably arise, and get you to the closing table. This is equally true if you are the seller rather than the buyer.
Buying and selling businesses are complex undertakings. Mistakes can have punitive consequences. Don’t go it alone. Call us. We’re Capital Access. With over 70 collective years of experience, we’re skilled at getting you to a successful closing.