Greg DeFoor, founder of DeFoor Business Services, Inc., was honored as a top-selling member of the Georgia Association of Business Brokers (GABB) for 2021. Mr. DeFoor and 13 other business brokers were named to the 2021 Million Dollar Club for helping broker the sale of small, medium and large businesses during a challenging 2021. The
Seller Representation Announcement
DeFoor Business Services is pleased to announce the sale of McAbee Medical, Inc., a durable medical equipment business headquartered in Decatur, Alabama, with a second location in Huntsville, Alabama, to an undisclosed Alabama based corporate acquirer. DeFoor Business Services represented the seller in this transaction. After closing this business, it got me to thinking about
Selling a $20 Million Business
Selling a larger business is a lot different than selling a smaller one.
Closing in Escrow
What do you do when the buyer has a lease delay? Closing in escrow is a consideration in a situation where you get within a couple of days of a closing and you have everything except the buyer doesn’t have their lease yet. Most of the time, the seller doesn’t want to contact their landlord
Closing in escrow may be a viable option in certain circumstances. »
Using a Business Broker
Engaging a Business Broker When using a business broker, the broker will do several things right after you’ve engaged the broker to represent you and list your business. They will prepare a blind profile, which gives summary information about the industry and your business without disclosing the name or exact location of the business. Similar
Using a business broker will allow you to operate your day-to-day business »
Comparing S Corp vs LLC
If you’ve ever wondered about S Corp vs LLC, here is some useful information to help you understand the differences in the two.
Dealership Fraud by Controllers and How To Minimize It
Most dealers think dealership fraud by Controllers can’t happen to them, but it can. A long-time trusted employee commits fraud and steals money from the dealership.
Determine business value
The old saying the sales price is what a willing buyer would pay a willing seller with neither under compulsion to complete a transaction and both having knowledge of all of the relevant facts holds true.
Beauty is in the eyes of the beholder and value has been and will always be subject to opinion since there is no clear-cut way to value a business.
Employee Embezzlement – Prevention Ideas
Whenever I hear about employee embezzlement, my heart goes out to the business owners that not only have suffered a financial loss, but usually feel extremely hurt from the breach of trust of a valued employee.
If you are a car dealer, small business owner or executive, here are some things you can implement now to help minimize the potential for a fraud to occur in your organization.
Georgia Assoc of Business Brokers press release
The Georgia Association of Business Brokers (GABB) maintains a website that lists hundreds of businesses and franchises for sale throughout Georgia in a variety of fields.
GABB President Greg DeFoor, explains that selling a business is a complicated process with multiple steps and a lot of moving pieces.