Terry became a business intermediary because of his experience as a business owner when he bought, scaled up, and sold a manufacturing business.
An almost unbelievable story of a business listed for five years, one that generated over 5,000 inquiries of interest in the business, primarily because the business was a solid business with a long track record; however, the business’ big problem was that it had a vendor and revenue concentration issue. It persevered and finally got an excited and motivated buyer to the closing table. But the outcome is surprising.
A thirty-year business that was a cash machine was listed for sale because the owner was burnt out. Yet, with multiple buyers ready to pull the trigger and make offers on the business, greed took over and lost the seller $5 million dollars.
A transaction where a business was able to get multiple offers at a much higher valuation than expected.
Terry Altman
Florida Business Exchange, Inc.
Orlando, Florida
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The post 5 Years, 5,000 inquiries, 5 Full Price Offers, and a Deal at the Closing Table, and Guess What Happened? appeared first on Business Exit Stories.
Pursuing Post-Exit Dreams & Hitting Pause On The Podcast.
How a Sales Price Went From 1X to 4X with the Stroke of a Pen
Part Two – Michael Richmond: What Happens When the Owners of a Company Don’t Know Why Their Company Was Valuable
Part One – Michael Richmond: Why a Company That Was Growing Exponentially Couldn’t Get Sold
Part Two – Linda Broom: Why a Business Growing By Leaps and Bounds Couldn’t Get an SBA Loan
Part One – Linda Broom: The One Thing You Can’t Forget When Selling a Business – If You Do It Can Cost You Big Time
Why You Shouldn’t Buy a $400,000 Ferrari Before Your Business Sale Closes
A Success Plan That Took a Business Worth Million to Zero
What Is Pre-Due Diligence and How It Can Make You Millions
How Two Partners in a Successful and Growing Business Managed to Take It to Zero When They Decided to Sell
How Skillfully Crafting A Story Regarding Your Exit Can Turn Your Biggest Loss Into The Reason Why A Business Is Sold
Why Certain Types Of Buyers Will Pay More Money For The Same Business
How an Entrepreneur’s Ego Took a Deal from $30M to $1.2M
How To Sell Your Company For Less Money But End Up Putting More Cash In Your Pocket
How Doing the Right Things Turned a $20M Sale into a $40M Sale
When Issues Surface in Due Diligence, You May Wish to Take A 2nd, 3rd, and 4th Look At Other Critical Aspects Of The Business
From Making Money as a Side Hustle to a $19M Business Losing Money
Going from a Meager Six Figure Walk Away Exit Offer to Millions Plus a Second Bite of the Apple on a Subsequent Sale
How An Entrepreneur Exited Their Business After A Cancer Diagnosis
How the IRS Can Kill a Deal Without Breaking a Sweat
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