One of the trickiest parts of selling a construction business in California is finding a qualified buyer. So what do you look for, and if you are a buyer, what targets do you shoot for? Well, there are a couple of primary qualifications to buy a construction business, and they often seem like one of […]
As long as there are people still moving to California, buying houses, remodeling older ones, building new ones, and as long as there are companies in need of a physical presence, there will be a need for construction companies in California. Despite the doomsayers who say everyone is leaving California for other states, there are […]
We often say that selling your business will take a team of experts. The business broker is like the quarterback of that team. He or she will make sure that everyone is talking to everyone else, and that all documents that need to be made available are handled securely and confidentially. There are also a […]
Richard Mowery has written an excellent book, titled Bounce Back: Survive and Thrive in a Business Crisis. He’s also developed a workbook that goes with it, and the timing could not be better. The business broker and entrepreneur shares a lot of hard-earned truths, and the timing could not be better during a global pandemic. […]
The California economy, like the US economy and the rest of the world is still reacting to COVID-19 and its effects. Adding to the mix, in California we are experiencing a very hot and dry summer with over 350 wildfires raging throughout the state. Also adding to the mix is AB5 or the new independent […]
Selling a business during a global pandemic is different. What isn’t? Often we see this presented through a case study from the viewpoint of the seller or even the business broker, including those in our own case studies that can be found here. However, it is less frequent for us to hear about selling a […]
Unfortunately, a common occurrence in the construction industry and other contractor industries is litigation or a claim. A construction claim is usually a demand made by the contractor to the owner for money to cover the additional cost of construction work performed on a project beyond the original terms of the contract. Simplified, a construction […]
As if you haven’t heard enough about the recovery after COVID-19, there are more theories than there are mask startups on Etsy. Normally if you read almost any economy journal, or the Wall Street Journal, and you take all the economist predictions and average them, you’ll get a pretty good idea of what might be […]
How do you handle the challenges of strange economic times? The truth is, even experienced business owners and other professionals who have been through recessive times before are struggling to come to grips with the current crisis. Enter Rich Mowrey, and his new book, Bounce Back: Survive and Thrive in a Business Crisis. First, let’s […]
It is hard to be believe but the first official case of COVID-19 or the coronavirus was recognized in the United States on January 21, 2020. As I sit to write this article in late July 2020, that is over 6 months ago. For many business owners in specific industries such as Restaurants, Bars, Fitness […]
We live in an extraordinary time where one of the only certainties we are offered is uncertainty. But even in light of the COVID-19 pandemic, and sometimes because of it, you may be considering selling your California business. You’re not alone. Other business owners are also choosing now as the right time to exit their […]
Some of the biggest news of the CVOID-19 era has been the delicate lease negotiations between landlords and tenants. With reduced revenues, tenants struggle to make regular rent payments but don’t want to lose their locations for when things normalize again. Landlords, especially those who also carry mortgages, cannot afford to be without rent for […]