July 2015

July 2015 Volume 16 Issue 7

Selling Your Business

If you decide that selling your business is the right exit strategy for you, be sure that you cover all your bases. In order to sell your business officially, you will need to prepare a sales agreement. This is the key document in buying the business assets or stock of a corporation. It is important to make sure the agreement is accurate and contains all the terms of the purchase. It would be a good idea to have an attorney review this document. It is in this agreement that you should define everything that you intend to purchase of the business, assets, customer lists, intellectual property and goodwill.

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What is the SBA?

Guest Blog By: Sherrie McGill, Stearns Bank N.A.

What is the SBA? The Small Business Administration is a government agency formed in 1953 to provide guaranties for loans originated by commercial banks. It originated after World War II to help businesses get started.

Why are SBA loans so important? Based on sba.gov FAQs (Mar 2014), approximately 99% of all employer firms are small businesses. They employ half of the private sector employees and pay 42% of the total US private payroll. Small businesses have generated 63% of net new jobs annually between 1993 and 2013. According to the SBA Administrator's blog (Jan. 2015), small businesses generated nearly 2 million of the private sector jobs generated in 2014.

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What is Supply Financing?

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This article originally appeared on Axial's Forum

Supply chain financing is the process by which buyers and sellers manage their liquidity and cash flows at any link in the supply chain. It is typically based around selling invoices at a discount in order to improve liquidity on either side of the chain. Buyers with strong credit have the most power in supply chain finance. Supply chain financing has developed significantly since the credit crisis. It was previously viewed as being an option for small to medium-sized business who were in distress, however, an increasing number of healthy businesses, including blue-chip multinationals, are using supply chain financing to build stronger relationships with suppliers, decrease currency risk and ultimately improve liquidity.

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VR New Haven, CT Completes Successful Transaction of Home Health Care Agency

The VR Mergers & Acquisitions Office in New Haven, CT, has sold a home health care agency that started in 2003 and is licensed by the State of Connecticut to provide in home nursing, home maker home health aide, and physical, occupational and speech therapy services. The staff has Registered Nurses, LPN's and Home Health Aides that assist clients with physical and emotional support in the convenience of their home. The agency also provides care and assistance to the elderly, disabled and patients recovering from illness or surgery. The agency is licensed to operate in many towns in New Haven County. Congratulations on the sale! For more information, visit www.vrbb.com or call VR New Haven @ 203-772-3773.

VR Continues to Match Qualified Buyers with Businesses for Sale

In today's business climate, our clients demand quality and professionalism. We applaud our VR business intermediaries for a job well done!! Here is a small sample of transactions that have closed across the VR network recently:

Tires & Auto Repair | $240,000 | Artesia, CA

International Frozen Yogurt Franchise | $150,000 | Boca Raton, FL

National Franchise Pack & Ship Store | $145,000 | Coral Springs, FL & Coral Gables, FL

Thinking of selling your business or looking for an established business to purchase?

Mold Building and Machining Company

for Sale Valued at $1,700,000

VR Business Brokers in Waukesha, WI has listed a growing and profitable Mold Building and Machining Company with strong design and manufacturing capabilities has a nicely diversified customer base across a variety of market segments with a low level of customer concentration. Well-run and well-organized, this Company has a capable staff utilizing CAD - CAM systems and state-of-the art production equipment.
For more information, contact Tim Bullard at timb@vrbizlakes.com or call 262-347-2083.