June 2015

June 2015 Volume 16 Issue 6

15 Creative Financing Methods for Startups

For many would-be business owners, financing is one of the most intimidating and challenging parts of the startup process. Some entrepreneurs may not have the cash they need on hand when they want to launch, and bank loans or investments can be difficult for brand-new small businesses to obtain.

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Why Your Credit Score May Vary

Guest Blog By: Gary Kiess, Lead Credit Analyst III - Stearns Bank N.A.

When obtaining your personal credit score it is important to remember that while the information on each report tends to be very similar, they all utilize completely different criteria to calculate their final scores. Each report will include personal information consisting of an individual's name, date of birth, address, and employment history as well as a summary of accounts, public records (liens, judgments, bankruptcies), and a list of past inquiries.

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The NEW 10 Steps to Buying a Business

Guest Blog By: BusinessForSale.com

By popular request, we've taken one of our most popular articles ever and rejigged, clarified and simplified it for it for you. The process of buying a business is often long and complex, but it can be straightforward if you cover all of your bases. So, let's take a look at BusinessesforSale.com's (simplified) 10 steps to buying a business!

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Growing Into New Geographical Markets

Exclusive partnership content powered byAxial

This article originally appeared on Axial's Forum

Entering new geographical markets can be a great way to grow. In fact, according to our recent research it is currently the second most sought-out growth strategy among private company CEOs behind M&A. Expanding operations into new territories, however, can be risky and presents significant cost in terms of time and capital spent. Before pursuing such a strategy, CEOs must carefully weigh the costs and benefits and establish a process by which to evaluate a potential move.

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VR Edmonton Completes Successful Transaction of Custom Jewelry & Repair Store

The VR Mergers & Acquisitions Office in Edmonton, Canada, a leader in the sale of privately held companies, recently facilitated the sale of a custom jewelry and repair business in Greater Edmonton, Alberta, Canada.

This well-established custom jewelry store and repair shop has been custom designing, manufacturing and repairing fine jewelry with quality workmanship for 4 decades. The fact that the business was located in a small town just on the outskirt of the City of Edmonton allowed for the proximity to customers from the City while enjoying lower store lease costs. The business generated gross revenues of $415,000 and Seller Discretionary Earnings of $150,000 in the last fiscal year with hours of operation totaling 34.5 hrs. Congratulations on a successful transaction. For more information, visit www.vrbb.com or call VR Edmonton at 780-469-4769.

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

Civil Engineering Firm | $195,000 | Lakeland, FL

House Cleaning Service | $48,000 | Naples, FL

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

Amusement Machine Direct Sales Co.

for Sale Valued at $1,995,000

VR Business Brokers in Chicago/Oakbrook, IL has listed an innovative direct sales company with significant upside potential to penetrate an untapped market. The company has established a recurring revenue base with potential for much more. Unique business model. Owner has developed and nurtured access to product and content licensing for the business. Potential market disrupter in a protected industry. For more information, contact Hiram Gonzalez at hgonzalez@midwestvr.com or call 630-705-3055.