Select Business Group
Specializing in business sales and mergers & acquisitions of small and medium-sized Colorado businesses bringing more than 30+ years of experience to you.
RESILIENT SMALL BUSINESSES
Small businesses have been throttled by the pandemic, supply-chain glitches, labor shortages and inflation, yet the category as a whole has shown a resilience.
“We’ve noticed more small businesses getting formed, and they’re looking for a way to manage their business in a single location,” said Gina Taylor, executive vice president and general manager of business blueprint and banking for American Express.
The number of small businesses in the U.S. reached 33.2 million in 2022, according to the Small Business Administration. That’s up from 32.5 million in 2021, 31.7 million in 2020 and 30.7 million in 2019.
Small businesses also do most of the hiring.
Invest in Yourself or Your Company
INVEST IN YOURSELF, COMPANY, FRIEND OR FAMILY – purchase a small business. With the financial markets so volatile it is nearly impossible to time right. Be your own boss and experience the tax benefits and satisfaction of running your own business on your schedule.
SELECT BUSINESS GROUP believes in:
PERSONALIZED, RESULTS ORIENTED SERVICE
CONFIDENTIALITY
PROFESSIONALISM
SENSE OF URGENCY
EXPERT ADVICE
EFFECTIVE COMMUNICATION
SERVICE
We bring Sellers and Purchasers of businesses together and guide them through the complex process of transferring business ownership.
Select Business Group helps obtain financing when others cannot: CASH FLOW FINANCING, asset based financing, SBA guaranteed financing, and Seller financing.
MOTIVATIONAL QUOTES
You cannot always control what goes on outside, buy you can always control what goes on inside.
Wayne Dyer
The only real cure for fear or worry is disciplined, purposeful action in the direction of your goals.
Brian Tracy
You must do the things you think you cannot do.
Eleanor Roosevelt
Frequently Asked Questions
How long does it take to sell my business?
When we have most of the information from the business owner and the business is priced reasonably we have sold businesses in as little as 60 days to occasionally 11 months or more.
I want to tell my employees that the business for sale. Is that a good idea?
Usually it is best to tell your employees after your business is sold. Tell your employees too early and they will worry about who the new owner will be, whether they will keep their job and might look for another job with more perceived stability and higher pay. This is a great topic to discuss with your broker.
How can I figure out the value of my business?
A business price is based on many factors but profitability on an adjusted basis is the most common. We look at the net profit of your business then add: seller’s W-2 wages, interest, depreciation, amortization, clear owner benefits that are expensed in the business and one- time expenses. Also important in pricing your business are assets included in the sale of your business and the ability to keep the same adjusted profit for the buyer with room for sales and profit growth. However, a business is priced on the most recent adjusted profits. Your broker will help you establish a fair price for your business.
Do I keep my bank account balances and accounts receivable?
Most often small business sales are asset sales and you keep your bank balances and account receivable. That being said, in businesses with moderate to large accounts receivable are often added to the purchase price.
Fred M. Mehring has been a business intermediary in the Denver Metropolitan area since 1983 and has personally sold over 330 businesses
Affiliation
We bring Sellers and Purchasers of businesses together and guide them through the complex process of transferring business ownership.
At Select Business Group, Inc. we are active members of:
SELLING YOUR BUSINESS?
You have operated your business successfully and overcome many challenges. However, entrepreneurs usually underestimate the specialized skills it takes to sell a business and sometimes try to sell their business themselves. This usually leads to failure and often confidentiality is breached and employees leave.
Select Business offers a personalized approach to selling your business in a professional manner. With our specialized experience, we understand the steps in selling your business and guide the entire process.