Uncategorized

It is common for non-compete agreements to be executed as part of the purchase agreement. These agreements often restrict the seller from starting a competing business, joining a competing firm, hiring away employees or interfering with vendor relationships. With potentially decades of relationships and goodwill at hand, sellers could potentially damage the business if they decided to interfere post-transaction. […]

Letters of intent are written offers that contain various clauses pertaining to purchase price, included and excluded assets and liabilities, buyer-seller exclusivity, financing, and more. Through our experience in reviewing these offers, we’ve found a number of LOI requests that should be carefully examined. Some inexperienced buyers might not realize they’re submitting abnormal requests. Regardless

What is a good faith deposit? Let’s start with the definition of good faith. “Good faith” refers to a sincere intention to be fair, open, and honest, regardless of the outcome of an interaction. A good faith (or earnest money) deposit is payment made by the buyer at the time of signing the letter of

Selling a small business is complicated. From the initial valuation and confidential marketing to buyer questions, numerous due diligence requests and barrage of legal documents, it is generally a trying process for most sellers. While business owners know how to run their companies, they are generally not experienced in the business sale process, nor have

2018 was Small Business Deal Advisors first full year in operation. We finished the year with 7 closings: The aggregate purchase price for deals closed this year was about $1.8 million. 2018 led to continued development of infrastructure that will significantly benefit future SBDA clients. Here are the highlights: Most notably, we rebranded as Small