Curious how to value and sell a machine shop? Check out our blog below to learn more.
MIDSTREET.COM
How to Value and Sell a Machine Shop
We always hear the same question:
"Why would anyone want to sell their business?"
It's a common misconception that businesses are sold because they're failing.
"Why else would they sell, right?"
Wrong. The vast majority of our clients sell because:
1. They're ready to retire
2. They're experiencing health issues
or
3. They're just ready to do something new
In the case of John Brooks with Mill Tek Toll Grinders, health issues caused him to step away from the business.
To learn more about John and Mill Tek, check the link to our full success story in the comments.
2020 May Be the Perfect Time to Sell Your Business
https://hubs.ly/H0plDRk0
MIDSTREET.COM
2020 May Be the Perfect Time to Sell Your Business
Before you sell your business, find out what it will cost!
MIDSTREET.COM
How Much Do Business Brokers and M&A Advisers Charge?
How Long Does it Take To Sell a Business in 2019?
https://hubs.ly/H0gDnDK0
MIDSTREET.COM
How Long Does it Take To Sell a Business in 2019?
51% of business owners think it will take about five months - but are they right?
MIDSTREET.COM
How Long Does it Take To Sell a Business in 2019?
How to Use a 1031 Exchange When Selling a Business with Real Estate
https://hubs.ly/H0yRBkW0
MIDSTREET.COM
How to Use a 1031 Exchange When Selling a Business with Real Estate
We're often asked about the process of selling a small business, so we made a blog post on the topic. We cover everything from preparing to sell to signing documents at the closing table.
https://www.midstreet.com/blog/8-steps-to-selling-your-business
Curious about the different types of buyers for a small business?
In this blog, we cover the 5 types of buyers, what to expect when selling to each, and which one is right for you as a small business owner.
MIDSTREET.COM
The 5 Types of Buyers for Your Business
After nearly twenty-eight years in the business, Chad Garner was ready to slow down and spend more time with family. Chad Garner founded Crystal Carpets in 1997 after owning a carpet-cleaning business with a former partner.
Chad's partner at the time wasn't quite as driven, so he offered to buy his share of the business. When his partner refused to sell, Chad knew it was time for a change. Around that same time, he was having new carpet installed at his home.
"I thought I knew a lot about carpet at the time from my days cleaning carpets," said Chad. "I just woke up one day and said, 'I can sell carpets,' and got into the business without having ever set foot in a flooring store."
Chad experienced a number of growing pains through his years of business ownership but ultimately began to have success, growing to one of the area's most respected carpet and flooring retailers.
Link in the comments for the full story.
After 28 years in business together, two partners made the decision to sell the business they worked hard to build.
After the marketing materials were complete, MidStreet was able to get the company under contract within two weeks. The team carefully controlled the process and guided the company to closing during the Covid-19 pandemic.
The buyer, Grey Seymour, hit it off quickly with the owners of CSM and their employees. His drive and personality matched what Richard and Scott were looking for in a prospective buyer. Working together with Richard and Scott to grow, Grey aims to continue serving customers with the same level of quality and care as CSM Manufacturing.
