Take Five #106: Using a company’s equipment value to finance the business purchase, and more
Codely v2.0 public release is here
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What has changed in our latest release?
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All new features available for all public channel users
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Coding collaboration with over 200 users at once
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Real-time code save every 0.1 seconds
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1. From MLB to EtA: A pro baseball player’s boring business acquisition story
“If you see something, let me know,” he told one financially savvy CFO and CPA friend.
The friend had worked with a certain street sweeping business about 5 years prior. As it turned out, the owner was now looking for a buyer after a failed sale.
“Hey, I sold this business,” the owner said. “I did seller financing. The guy stopped making payments. I had to take it back over. I’m 80 years old, I’m tired. The business is falling apart. Do you want to buy it from me?”
Brandon’s friend relayed him the message.
“He’s interested in selling. It’s losing money. It’s a turnaround. He just wants an offer. Just wants out of it. But wants someone who’s actually going to try and build this thing.”
As you can imagine, and as Brandon put it, “There was quite a lot wrong with this.”
Find the rest of Contrarian Thinking’s article here.
2. Podcast Interview: 4 years, 4 acquisitions, 65% average YoY growth post-purchases
3. Stock purchase vs. asset purchase overview
In an asset purchase, the buyer gets the assets and liabilities of the business they choose and agree to purchase. This could be physical assets like inventory and equipment, or intangible assets like customer lists and intellectual property (IP). My e-commerce business was a limited liability company, but the buyer purchased only my “brand’; the IP I’d created like the trademark, the logo, and of course my customer list. The buyer avoided inheriting the risk of any liabilities my company had. However, an asset sale can be a real pain in the ass when it comes to reassigning leases, contracts, permits, and licenses.
Find the rest of Silverwave’s post here.
4. How to calculate and use margins and markups
5. Can you use a company’s equipment value to finance the business purchase?
