Jun 17, 2022 | Business Appraiser, Buying a Business
The closing process is the final step in buying a business. The closing process includes several items before the business transaction is complete. First, the buyer and seller will sign the sales agreement. Next, the buyer will pay the agreed-upon terms/down payment...
Jun 14, 2022 | Business Appraiser, Footwear Wholesale, Wholesale Trade
Footwear wholesalers are the middleman between shoe manufacturers and retail companies. Unfortunately, over the last five years, manufacturers began bypassing wholesalers to cut costs. While going straight to the retailers helped manufacturers, it hurt the footwear...
Jun 10, 2022 | Business Appraiser, Business Valuation, Methods of Valuation, Valuation Approaches
There are three main methods to value a business. These methods included the income approach, market approach, and asset approach. Each method specializes in specific ways to arrive at a fair market value. A valuation expert uses these methods when valuing a business....
Jun 7, 2022 | Auto Parts Wholesale, Business Appraiser, Wholesale Trade
The auto parts wholesaling industry was significantly impacted by the Covid-19 pandemic. As consumers’ needs for driving decreased, so did automobile sales. While 2020 was a tough year, 2021 increased revenue by 5.31%. Another difficult demand for this industry...
Jun 5, 2022 | Business Appraisal, Multiples, Painting, Specialty Contractors, Valuation Multiples
The painting industry includes businesses that engage in interior and exterior painting and interior wall covering. This works includes new builds, additions, maintenance, repairs, and alterations. In the United States, there are nearly 261,000 painting businesses....
Jun 3, 2022 | Automobile Wholesale, Business Appraiser
In 2020, the automobile wholesale industry experienced a decrease in revenue of nearly 21.4%. This decrease resulted primarily from downstream markets. Automobile dealerships, the industry’s main downstream market, were forced to temporarily close their doors at the...
