You've marketed your business, found a qualified buyer, and agreed to terms. Now that you've completed most of your sale tasks, it's finally time to close the deal. While this is an exciting time, you should also be sure to use considerable caution. The last thing any owner wants to do is watch a deal [...]
Whether accumulated through bank loans, lines of credit, or credit cards, debt is a natural part of operating a business. Developing new products and services, hiring additional staff, opening new locations, and purchasing inventory are all common reasons why a company seeks debt-based funding. This raises an interesting question: What happens when a business owner [...]
Like everyone, I am focused on the Coronavirus epidemic and the threat it poses to all of us. Fortunately, I can say that my wife and I are doing as well as can be expected in self-isolation at our home in Madison, CT, and our kids are all healthy. I hope this is the case [...]
New Haven, CT – VR Business Sales – Mergers & Acquisitions, Marcum LLP, and the Law Firm of Zangari Cohn Cuthbertson Duhl & Grello P.C. released the 2019 Year End Report of the CT Business Owners Exit Planning Survey. The Connecticut Business Owners Exit Planning Survey was created to measure how well owners are prepared for an [...]
The time has finally arrived. You’ve spent years diligently building your business, and now you're ready to reap the financial rewards by exiting. There's just one wrinkle – your ideal buyer is your own competitor. While this is a common scenario, it’s not always one that business owners find easy to accept. Handing the keys [...]
When two people collaborate, good things often happen. For example, when you get married, you combine your financial resources, eliminate duplicate expenses, and decrease your cost of living. Great partnerships have also shaped the business world (e.g., Apple’s Steve Jobs and Steve Wozniak). The same can be said for the entertainment industry, which has seen [...]
New Haven, CT, October 10, 2019 – VR Mergers & Acquisitions (“VR”), a Connecticut business brokerage firm serving business owners in the Northeast, is pleased to announce the closing of the sale of the MAZ Group of West Hartford to StaffWorks. StaffWorks is a recruiting and staffing firm located in Seymour, CT. The MAZ Group [...]
Anyone who is seriously considering a business sale has two primary questions – how long will a sale take, and what are the costs and fees associated with selling a business? For most business owners, the answers to these questions are highly dependent on how the business is sold. Should you choose to sell your [...]
As a business owner, you will eventually come face to face with choosing a transitional path for your business. The options will vary based on the nature of your financial standing and mental readiness. These will largely dictate what exit strategy you should pursue. The matrix below can help you figure this out. [...]
When you buy a business, rather than start one on your own, you gain a variety of attractive advantages. Buyers don't have to generate a business idea with a compelling value proposition or do the exhaustive work that comes along with bootstrapping a startup and going to market. Instead, buyers can choose to build on [...]
