07 Jul Around the Web: A Week in Summary
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A recent article from Sunbelt entitled “Preparing to Sell an Indian Restaurant for the Best Price” explores six questions that owners of Indian restaurants should ask themselves before listing the business for sale. These questions are intended to foster a successful sale, and they are applicable across a wide variety of business types.
Consider the following:
- How will you exit the business?
- What will be included in the sale?
- How does your business stack up against the competition?
- Do you have all essential documents organized?
- What is the business worth?
- Who are your potential buyers?
A recent article from Axial entitled “4 Savvy Ways (Beyond Price) for Buyers to Stand out From the Crowd” discusses how buyers can set themselves apart in a competitive landscape. With a large pool of buyers and a limited supply of quality businesses on the market, it’s important for buyers to shine.
To differentiate yourself from other buyers:
- Think about the seller’s motivations and how you are a good fit to help them accomplish their goals
- Explain how you can add value to the business to foster growth and benefit the employees
- Have a detailed vision for long-term success and preserving the legacy of the seller
- Be flexible in regards to the deal structure with options like all cash and equity incentives
A recent article from Sunbelt entitled “Should I Buy a FedEx Route?” discusses the pros and cons of purchasing a FedEx route. With an increased demand for courier services as a result of increased online shopping, this type of business can be very appealing.
FedEx P&D Routes typically involve using a box truck for pickup and delivery within a territory. These routes are usually less expensive, less demanding and generate less revenue.
FedEx Linehaul Routes involve a semi-truck with a CDL license to transport packages long distances. These routes have more upfront costs, more maintenance costs and more revenue.