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On The Move Rehab is one of the quickest-growing in-home rehabilitation companies in Texas and the new owners, Derrick & Jackie Ingram, have plans to fuel that growth even further. The Igrams have been involved with medical device sales in recent years and have state-wide connections with doctors and hospitals, which they plans to use to their advantage for future growth. After searching for some time for a medical-related business that fit their criteria, the Ingrams were introduced to On The Move Rehab and found the perfect synergy. The previous owner, Russell Childers, who had previously worked for a company in the same industry, started the business after deciding that he no longer enjoyed working for someone else. Now that it is sold Childers plans to continue consulting with the Ingrams from Boston where he plans to start a new, similar business.
Ryan DeGennaro listed the business and sold it.
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5 Best Resources for Selling a Small Business (Inc.com)
For first-time business sellers, the process of selling a company may sound easy. As the owner, you simply decide what your business is worth, list it on a business-for-sale marketplace, and after a period of negotiation with prospective buyers, agree on a sale price and finalize the deal.
But in the real world, a small business sale is a complex transaction that requires the skills and expertise of specialists.
In a recent column, I talked about managing the emotional toll of selling a small business, and the importance of creating a buffer between you and prospective buyers. Although specialists and other resources are critical for creating emotional distance, they also bring much-needed expertise to the sale process, significantly increasing the likelihood of a swift and profitable sale outcome.
The mix of resources and specialists you require will undoubtedly be influenced by the specific needs and circumstances of your sale. However, there are at least five resources that can almost always improve your ability to achieve your goals during the sale of your business.
1. Business Brokers
2. Accountants
3. Appraisers
4. Business-for-Sale Websites
5. Attorneys
Read the Entire Article on Inc.com
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Ask the Experts
Question: How will inventory be handled when I sell my business?
Answer: Inventory (stock held for resale) is a significant part of the tangible assets of most businesses. It is customary to include a normal inventory level in the purchase price of a business for sale that can sustain current revenues being generated by the business.
Just as tangible assets like machinery and equipment are included in the purchase price of a business for sale, the same holds true for inventory. Such assets as these are needed to generate the profit upon which the business is valued.
If a buyer is required to replenish the inventory or purchase additional equipment after purchasing the business, this additional working capital requirement would need to be taken into consideration prior to the initial valuation of the business if the sale is to be successful.
The agreement that both the buyer and seller sign into contract for the purchase of the business usually outlines the details of how inventory will be handled. The following are several aspects of inventory that are usually covered:
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