Three Reasons to Sell Your Business Right Now

Maybe you haven’t thought about selling your business anytime soon, but industry buzz—as it sometimes does—is sparking your curiosity. It’s true that both business and industry-related trends are creating a market that’s conducive to buying and selling right now and below we’re uncovering three big reasons you might want to consider listing right now. It’s

Key Partners involved in a Business Transaction

Unknown to many buyers and sellers—especially first-timers—is the number of parties involved in the overall buy / sell transaction. The key partners involved in a business transaction certainly differ depending on how complex or easy the deal—so we’ve started by outlining roles involved in “traditional” deals. Buyer A typical buyer profile might include individuals like

SUCCESSFUL BUSINESS TRANSACTION – MULTI-LOCATION RESTAURANT CHAIN

October 1, 2019 Lakes Business Group, Inc. help complete the acquisition of this restaurant chain in Illinois by a private investor.  Congratulations to our sales rep, Joe Braier , and to the new owners of this established business. This business, with the real estate, was on the market for only 108 days before closing the

Funding Options to Finance Your Business

How do I buy a business?  What type of financing options are available?  What if I don’t have cash or enough personal equity to make a purchase? Financing is one of the most frequently talked about topics among buyers and our broker team, especially first-time buyers navigating the buy and sell process. Whether your unique

Managing Your Business While it’s for Sale

There are three types of sellers. Seller one puts his business up for sale and ensures his company maintains the status quo in every way—from day-to-day operations to management to sales. Seller two focuses on continuing to grow the business and increasing profits. Seller three is so consumed with the sale of his business, he

How to Choose: Startup versus Established Business

If you’re considering owning your own business, whether the startup route or an established business, you know one thing’s for sure—entrepreneurism is the right move for you and your career. Identifying the right path starts with a few qualifying considerations—i.e. your current lifestyle, goals, financial situation and appetite for risk, among a few others. Understanding

Beyond Price in a Business Deal

Axial had an article that rings true with our experiences working with business owners and those looking to own. Being on either side of a transaction can be an emotional roller coaster. When a buyer finds a good business opportunity, many times it is the connection with the owner that is the ‘closer’ for the

Manufacturing Business SOLD!

A successful metal manufacturing business was successfully transferred to a new owner on August 1. The original owner started this business in 1993 and was ready to retire. The business was bought by a private investor. The company operates over 15 CNC machines, a number of lathes and grinding machines with over 20 experienced employees. 

#1 Business Sales for 2018

The annual International VR Conference was held the end of April. Three of our team members were able to attend and receive their individual awards and the #1 VR Office Award. For the fifth year in a row, the Lakes Business Group VR Office was number 1 in sales. We have maintained our ranking with

Successful Business Deal Closings

2019 has been a busy year so far with businesses changing hands. Our office had 6 closings in the past few weeks and we have three more set to close in the next couple weeks. These are the business transactions that have recently closed:#1426 – Bar/Restaurant/Banquet Facility $1,300,000#1309 – RV Dealership $1,000,000#1255 – Commercial Printing