Murphy Business of Cape

Did you read this month's newsletter? In it, we talked about the key takeaways we had from a symposium we recently attended. These were: 1. The pandemic halted the longest US economic expansion in history. 2. The unemployment rate is falling much faster than expected. 3. Weekly business applications are going up indicating that start-ups are ginning up and business buyers are positioning for acquisition. ... 4. Assuming we don’t have any more major upsets on the horizon, things appear to be generally headed in the right direction related to real GDP, unemployment, and inflation. Learn more and read the full article here: https://murphybusiness.com//the-us-economy-and-business-s/

In an unregulated, sharky industry, our mission is to be an ethical business brokerage team who sets buyers, sellers, and their small businesses up for success in the next chapter of their lives.

We wrote up another contract on a listing today! We're seeing a major uptick in buyer activity after a quiet spring. If you're ready to sell, now is a good time.

Skyrocketing Earnings During COVID! You've probably seen the irrigation and grain bin sales company in Missouri we have listed for sale. We've shared that they've performed well even in the midst of a pandemic, but today we actually received the financials to prove it and WOW! The company added over $120,000 in Seller's Discretionary Earnings during COVID. That's seriously impressive. And 4th quarter is expected to be just as good.... PLUS since these owners are highly motivated to sell (they're ready to retire), they've decided not to increase the asking price! If the business were valued today, we'd price it at $685,000, but the price is staying at just $499,000. The owners are also open to splitting the company and selling the grain bin and irrigation portions separately. Learn more here: https://murphybusiness.com//price-reduced-irrigation-and-/

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Who wants to buy into a transformative industry in one of the hottest markets in the country? Check out this listing for a Professional Training Company in New York! Only $240K. https://murphybusiness.com//professional-training-franchi/

When it comes to selling your business, it is something that you can do yourself? There are some people who can, but for the most part, bringing in a business broker is a very smart move. Watch this video to learn more.

When should you start preparing your business for sale? Well, ideally you should be thinking about this from the day you start/buy your business, but it become really, really important about 3-5 years before you want to sell. Why so soon? 1. Changes take time to make: if you find out the business isn't worth what you hope to sell if for, having a few years gives you a good chance to learn how to improve the value and make the necessary changes. These changes generally can't happen over night and take some time to implement before they actually impact the value. 2. Buyers look at the last three years of financials (sometimes more). You want to make sure that you are putting your best foot forward for several years to be able to attract a large pool of buyers.

We have a client in Southeast Missouri in the construction trades who is looking for someone with a talent for sales and customer service to run their business as a general manager. If this sounds like you or someone you know, please have them reach out to us at [email protected]. Please share!

Looking to purchase a recession and pandemic-proof business? Take a look at these cemeteries! They still have a lot of revenue potential left in them. Located in Southern Missouri and listed at $475,000. https://murphybusiness.com//three-private-for-profit-ceme/

When you're ready to sell your business, what is the first step that a busines broker will take?