Sunday, May 20, 2012

Contact Us

Cornerstone Business Advisors
21620 Arkansas Highway 10, Suite 110
Little Rock, AR 72223
Phone: 501.588.8855
Fax: 866.592.1870

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Selling a Business: How Long Does It Take?

Why does it take so long to sell a business?  Price and terms are the biggest reasons.

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Today's Business Buyer: A Profile

Today's independent business marketplace attracts a wide variety of buyers eager for a piece of ownership action. Buyers of small businesses are most likely replacing lost jobs or searching for a happier alternative to corporate life. Buyers of mid-sized and large operations are, typically, private investment companies seeking businesses to build and eventually sell for a profit.

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Why Do People Go Into Business?

41% joined the family business;36% wanted more control over their future...

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Buying (or Selling) a Business

The following is some basic information for anyone considering purchasing a business. Is may also be of interest to anyone thinking of selling their business. The more information and knowledge both sides have about buying and selling a business, the easier the process will become.

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12 Ways to Increase the Value of Your Company

Keep in mind that the best time to consider selling is when business is good, the business is running profitably, and many of the above “value-adders” are in place.

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Creating Value in Privately Held Companies

Creating value in the privately held company makes sense whether the owner is considering selling the business, plans on continuing to operate the business, or hopes to have the company remain in the family. 

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Today's Business Buyer

For a business to sell, there has to be a seller - and a buyer. The buyer of today is a bit different than the one of yesterday. Today's buyer is not a risk-taker, is concerned about the financials, and seems to be overly concerned about price. Unfortunately, buyers have to understand that they cannot buy someone else's financial statements.

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Buying a Franchise: What It's Worth to You

If you are considering entering the world of franchising, an important consideration is assessing the value of the business. All of the following factors either affect or help determine valuations of typical franchise operations.

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Who Is the Buyer?

Buyers buy a business for many of the same reasons that sellers sell businesses. It is important that the buyer is as serious as the seller when it comes time to purchase a business.  Here are just a few of the reasons that buyers buy businesses:

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A Buyer's Quandary

Statistics reveal that out of about 15 would-be business buyers, only one will actually buy a business. It is important that potential sellers be knowledgeable on what buyers go through to actually become business owners. This is especially true for those who have started their own business or have forgotten what they went thorough prior to buying their business.

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Cornerstone Business Advisors is a proud member of the following industry organizations:

 

 

Business Advisory Services
Business Brokerage & Exit Planning

 

Principals: (left to right) Gary L. Jones, CPM, CBI - Mike Boschetti, CPA, CBI - Fred Wood, JD, CBI

 

 Mission Statement
Our mission is to assist business owners in maximizing the value of their businesses by providing comprehensive exit planning and business brokerage services.

Cornerstone Business Advisors is an exit planning and business brokerage firm specializing in comprehensive exit planning and the confidential valuation, sale and acquisition of privately held businesses with $500,000 to $15 million in annual revenues. The firm's offices are located in Little Rock and the principals have handled professional assignments throughout Arkansas, including Benton, Bryant, Cabot, Conway, Fayetteville, Fort Smith, Hot Springs, Jonesboro, Pine Bluff, Searcy, Texarkana, West Memphis and other cities.

  • Over 80 years of combined professional experience
  • Local and statewide market knowledge and expertise
  • Exposure to the largest audience of qualified, prospective buyers
  • Manage the entire selling process, while you run your business
  • Reputation built on trust, integrity and confidentiality

 Business Brokerage

Many owners of privately held businesses ask themselves the following questions:

Can I sell my business myself? What is my business worth? How do I market my business confidentially? How do I find a qualified buyer? How do I get the most for my business? Is this a good time to sell? We can help you answer these questions. 

Why do I need a business broker, and more specifically, Cornerstone Business Advisors? Here's why.

Market Exposure. We confidentially expose and market your business to the largest audience of qualified buyers. We maintain a proprietary database of hundreds of prospective buyers who inquire about businesses listed for sale or those whom express their desire to purchase a business. Often times the eventual buyer of a business comes from outside the industry (“financial buyer” versus “strategic buyer”).

 Market Knowledge. We use our experience and proprietary data of market transactions to properly price your business.

Negotiation Skills. Not every business owner can effectively negotiate the sale of their own business. We are experienced negotiators and can provide some “emotional distance” from the transaction.

Expertise in the selling process. We have industry-tested methodologies, processes, procedures and forms that protect you in the selling process.

 Management of the selling process. We manage the entire selling process, including coordinating your team of counselors (lawyer, CPA, financial advisor, etc.), so you can focus on operating your business.

 Financing Sources. We have relationships with many lending sources to help provide alternative sources of financing in order to close the deal.

 Confidentiality. We maintain strict confidentiality throughout the entire process.

 

     

 


 

 

© 2011 Cornerstone Business Advisor