Suns lock in 4th seed
Thank you Accelerent for a great evening with Monica May-Dunn watching the Suns lock in 4th seed.
Lisa Riley
1 month meeting!
Celebrating the Successful Business Transition of Arizona Custom Cabinets We extend our warm congratulations to Derek Byler on becoming the new owner of Arizona Custom Cabinets, and Jim & Nancy for achieving the impressive milestone of a successful company sale. This marks a month-long celebration of the company’s transition and… Read More »1 month meeting!
Monica & Lisa @ Phoenix Business Journal’s Outstanding Women in Business Celebration
I had the privilege of joining Monica May-Dunn to celebrate the Phoenix Business Journal’s 2023 26 Outstanding Women in Business! We heard from all the amazing honorees about their biggest career success, obstacles they overcame, advice on being a good leader and what’s next on their career bucket list: Deepika Bhalla,… Read More »Monica & Lisa @ Phoenix Business Journal’s Outstanding Women in Business Celebration
Active Buyers in 2022 – Main Street
Individual buyers dominated the Main Street market in 2022. Calculating survey responses for all four quarters, we see that first time buyers made 39% of Main Street acquisitions followed by serial entrepreneurs (buyers who’d owned a business before) at 36%. This is relatively on trend.
Tip #052 Someone is Going to Throw Money at Your Business? Really?
OK, everyone has heard about a few huge deals for technology companies over the years. But business owners rarely receive a premium for their business. Buyers will look at all the important factors such as cash flow, key employees in place, profit margins and prospects for future growth, to name… Read More »Tip #052 Someone is Going to Throw Money at Your Business? Really?
Main Street Business Sales By Industry 2022
Looking at data for the whole year, most Main Street transactions occurred in the following industries: Restaurants (18%), personal services (17%), business services (13%), and consumer goods/retail (13%). As outlined in the Q4 2022 Market Pulse report
Number of Women CEOs in Fortune 500 Companies
The number of women CEOs in fortune 500 companies have steadily been increasing, now more than 10%
Advance Exit Planning Prior To Sale
Yet even though retirement is a foreseeable milestone, most buyers do not engage proactive planning to sell their business, particularly in the Main Street market. Generally, the smaller the business, the less likely the owners are to do any planning prior to going to market. Of the sellers that do… Read More »Advance Exit Planning Prior To Sale
1 Reason Seller Went To Market In 2022
In 2022, retirement led as the number one reason sellers put their company on the market. Yet even though retirement is a foreseeable milestone, most buyers do not engage proactive planning to sell their business, particularly in the Main Street market. Generally, the smaller the business, the less likely the… Read More »1 Reason Seller Went To Market In 2022
Months from LOI to Close
The average time to sell a small business stayed relatively consistent in Q4 2022, varying from six to 10 months. Of that time roughly 90 days are spent in due diligence, after a signed letter of intent or offer.