The confidential business offering #1025 was successfully transferred to a new owner last week!   This greenhouse business has been serving the area for over 25 years and the seller was ready to retire.   There were over eighty interested buyers looking at the business profile for this opportunity.   The Lakes Business Group sales rep was able

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Have you been thinking of buying a business?  From managing a business to marketing it, owning a business can be both exciting and overwhelming.  If you’re thinking of taking that step to start looking at ‘being the boss’ and owning a business, here are a few tips to help improve your chance to be successful.

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The successful acquisition of a residential septic service company was completed last week. This business has been serving the local community and provides services in the septic pumping, cleaning and repair industry.  The original owner had started this business and has been operating it for over 25 years and he was ready to retire. The acquisition

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One of the VR agents in North Carolina wrote a newsletter article about a question he gets asked every week.  “Can you find me a nice absentee business I can buy?”   Below are the points he gave on why you don’t see many absentee businesses for sale. While it sounds good in theory, businesses generally

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A recent article from the International Business Brokers Association (IBBA) talks about the ‘Banker’s Dozen’ objections compiled from one of the top SBA lenders in the country.    To have a successful and timely closing, start discussing documentation needed and addressing concerns early in the process. Below are some of the due diligence items needed

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In January the successful business transaction of a custom cabinet shop in Wisconsin. The seller decided to sell now because the market was right. He knew he could get the value of the business in today’s market. This business sold within six months of the listing date. This business has both residential and commercial customers

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Are you in the market to buy a business? Many baby boomers who own an established business are looking to retire. Many of these owners have grown the business but are realizing they don’t have the drive to expand and grow it.  And they may have the staff in place to run it and want

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In December this long established fabricator of all type of natural stones and manufacturer of veneer stone products was successfully transferred to a new owner.    This business was on the market for nine months and had over fifty interested buyers.    Some of the highlights of this business: a very experienced and skilled professional

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Optimism for small & medium business owners is strong. According to a National Federation of Independent Business survey released last week, business optimism is reaching an all time high. This is the highest since 1983; small business optimism has not been this high since the Reagan economy. Because of the strong business climate,  2018 may

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Our office is having our annual holiday office party next week.   Although, we haven’t really ‘decked the halls’ in our office, we do enjoy planning a party with good food, since our team appreciates good food. The holiday party is a time for our team to get together in a more casual setting where we

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