Wednesday, February 22, 2012

Featured Articles

Today's Business Buyer

For a business to sell, there has to be a seller - and a buyer. The buyer of today is a bit different than the one of yesterday. Today's buyer is not a risk-taker, is concerned about the financials, and seems to be overly concerned about price. Unfortunately, buyers have to understand that they cannot buy someone else's financial statements.

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Who Is the Buyer?

Buyers buy a business for many of the same reasons that sellers sell businesses. It is important that the buyer is as serious as the seller when it comes time to purchase a business.  Here are just a few of the reasons that buyers buy businesses:

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12 Ways to Increase the Value of Your Company

Keep in mind that the best time to consider selling is when business is good, the business is running profitably, and many of the above “value-adders” are in place.

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What Is a Company Worth?

This question can only be answered by addressing other related questions, specifically: Who’s asking and for what purpose?

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Buying (or Selling) a Business

The following is some basic information for anyone considering purchasing a business. Is may also be of interest to anyone thinking of selling their business. The more information and knowledge both sides have about buying and selling a business, the easier the process will become.

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Selling a Business: How Long Does It Take?

Why does it take so long to sell a business?  Price and terms are the biggest reasons.

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Why Do Deals Fall Apart?

In many cases, the buyer and seller reach a tentative agreement on the sale of the business, only to have it fall apart. There are reasons this happens, and, once understood, many of the worst deal-smashers can be avoided.

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Buying a Franchise: What It's Worth to You

If you are considering entering the world of franchising, an important consideration is assessing the value of the business. All of the following factors either affect or help determine valuations of typical franchise operations.

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Dispelling a Buyer Myth

Most prospective business buyers really don't know from the outset the exact type of business they want to buy. Experienced business brokers and intermediaries know that many business buyers end up with what is sometimes a far cry from what first captured their imagination.

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Rating Today's Business Buyers

Once the decision to sell has been made, the business owner should be aware of the variety of possible business buyers. Just as small business itself has become more sophisticated, the people interested in buying them have also become more divergent and complex.

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 Laurel A. Johnson, CBI

President -  Austin Office

Phone: 512-349-7100
Email: ljohnson@sunbeltaustin.com

Ms. Johnson is a Certified Business Intermediary as designated by the International Business Brokers Association.  She is the owner of Sunbelt Business Brokers of Austin, Inc. Launched in November 1998, the Austin Sunbelt office has become one of the leading brokerage firms in Central Texas.  Ms. Johnson has over 25 years of sales and marketing experience, both as an award-winning sales professional for three Fortune 100 companies and as co-owner of a Austin-based telecommunications equipment company.  Ms. Johnson has experience representing companies with revenue up to $23,000,000.  She has consulted on hundreds of deals, and her expertise spans a broad range of industries and deal complexities.  Ms. Johnson also facilitates negotiation development programs for a handful of large corporate clients, both in the U.S. and abroad. Ms. Johnson has served as the President of the Austin chapter of the Texas Association of Business Brokers. She has three grown sons and lives in Austin.
 
Dan Elliott, CBI

 Managing Director - Houston Office

Phone: 281-440-5153
Email:
delliott@sunbelttexas.com

 Mr. Elliott is a Certified Business Intermediary as designated by the International Business Brokers Association. A member of the Institute of Business Appraisers,International Business Brokers Association and the M & A Source (a national organization of Merger and Acquisition specialists).Over 10 years experience in mergers, acquisitions and business sales. Experienced in representing companies with revenue up to $50,000,000. Extensive experience in Business Valuation services to determine Fair Market Values for businesses. Mr. Elliott has extensive expertise in distribution, service and manufacturing businesses.

 

Wendy Schneider, Senior Broker  - Austin Office

Phone: 512-349-7100
Email: wendy@sunbeltaustin.com
 

Wendy Schneider has over 19 years experience in small business ownership and senior management positions. She owned and operated several companies including a mail order computer peripheral company with sales in excess of $10 million dollars. Prior to joining Sunbelt, Wendy also was responsible for a $1M budget for operations and facilities management with a high-tech company in Austin.
 
With her experience as a business owner, Wendy has a unique knowledge of the day-to-day operations of small businesses, positioning herself to understand the challenges business owners might face when the time comes to sell their business and how to manage the transaction successfully. Mrs. Schneider is also a licensed real estate agent.
 
During her career as a business broker, Wendy has facilitated and closed the sale of many diverse business enterprises. Her strong communication and negotiation skills, as well as her core belief that every transaction must match expectations of all parties in a fair and equitable sense, will result in a smooth and successful transaction. A satisfied customer once wrote a thank you letter to Wendy that stated ”As the dust settles and we begin to breathe again, I want to thank you for your fun spirit and all of your help. We’ve had profit from day one and the future looks bright.” Call Wendy today for a confidential consultation. 
 

Jim Pringle, Senior Advisor  - Austin Office

Phone: 512-349-7100  /  Cell: 512-826-2416
Email: jpringle@sunbeltaustin.com

Jim Pringle is an experienced business owner and serial entrepreneur with over twenty years of experience buying, growing and selling companies in the Austin area. An Austin native, Jim grew up as part of a family-owned, home building and real estate development business, and he has carried on his entrepreneurial heritage throughout his career as a business owner and consultant. He has launched and operated businesses in the home building/construction sector, manufacturing and wholesale distribution, multi-location franchise stores and business consulting. With over seven years experience as a business intermediary and advisor, and hands-on involvement in selling his own companies to strategic buyers, Jim brings broad expertise and a track record of successful transactions to his work with sellers and buyers.

 

Jeff Rabkin, Senior Broker  -  Austin Office

Phone: 512-349-7100
Email: jrabkin
@sunbeltaustin.com

Jeff Rabkin brings over 35 years of business administration and management skills to the Sunbelt team. After college, Mr. Rabkin joined a multi-million dollar corporation. As Vice President, he was responsible for sales, advertising, and launching of the largest trade show of its kind in that market. In 1987 Mr. Rabkin moved to Austin, and from that period to now he has bought, operated, and sold several local businesses. His diverse business experience includes industries such as commercial printing, office supplies, wholesale automotive products, water purification, advertising specialties, and signage. He has also owned and managed commercial real estate in Austin.    As an entrepreneur, Mr. Rabkin has had many "hands-on" successful experiences with mergers and acquisitions. His broad range of proved success in business enables him to assist both buyers and sellers to achieve a successful and mutually beneficial ownership transfer. Mr. Rabkin and his wife, Marilyn,  live in Austin.


Brent Hiller, Senior Broker – Austin Office

Phone: 512-349-7100  /  Cell: 361-772-4495
Email:  brenthiller@sunbeltaustin.com

 

 

Brent Hiller has been a business owner for over 30 years, including twenty-plus years in the automotive industry as the owner of several automotive parts and service companies and Chevrolet, Dodge, and Chrysler dealerships. He also owned a Yamaha motorcycle dealership.  After selling his businesses he became a business consultant to business owners in the industry, and then turned to advising buyers and sellers, with special expertise in automotive and related industries.   In addition to facilitating the sale of his own companies, Brent has several years of experience representing sellers and assisting buyers in a broad range of business types.  He applies his skill of building relationships and solving problems to dealmaking, to find value and create deals that work for all parties.  Brent holds a Texas real estate license and recently returned to Austin where he enjoys being close to kids and grandkids.

 

 

Karl Kennard, Senior Broker  -  Houston Office

Phone: 281-440-5153
Email:
kkennard@sunbelttexas.com

With over 30 years business experience, Karl founded, operated and sold two multi-million dollar businesses. His experience has given him valuable insight into the problems facing both buyers and sellers of businesses. Karl works personally with both the buyer and seller to achieve a fair market value price. 

   

Ken Teusink, Senior Broker  -  Houston Office

Phone: 281-440-5153
Email:
kteusink@sunbelttexas.com

Mr. Teusink has 30 years of experience in the financial services industry. He has been active in the Houston market since 1976 dealing with the sales, mergers, acquisitions and financing of small and middle market companies. He has extensive experience in the negotiation and structuring of business sales and purchases. His background as a business owner and expertise in various commercial industries allows him to work with both buyers and sellers to achieve their goals.
  

Richard Baier, Senior Broker  -  Houston Office

Phone: 281-440-5153
Email: rbaier
@sunbelttexas.com 

R.W. "Rich" Baier is a retired professional Chemical Engineer. Rich has managed engineering projects in excess of 100 million dollars and was the Operations Manager for a company with over 200 employees. He has eigbht years experience as a business broker and is the only original Sunbelt broker on the Houston team. Rich did take a two year leave to attend to two businesses and rental property he owns. He's back now and anxious to assist you in either selling or buying a business. Rick, has been active in assisting small business owners in obtaining permits and licenses such as liquor, used card dealers, freight haulers, day care, food service, tobacco, lottery, etc., both at the state, county and city level.

 

 

 

 

 

 

 

 

 

 

 

 


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