Earlier in May, our team attended the IBBA conference in Louisville, Kentucky, to gain insights into the current business brokerage market. They returned their key takeaways:
- Understanding what is important to a seller is key
- Price isn’t always the most important thing for a seller.
- Sales drives value
- No sales, no value! The trend of sales is crucial—where is the business headed?
- Buyers—look at the business itself!
- There is more to it than just the numbers. On-site visits reveal much more.
- Talk small business language
- Sellers typically don’t know what EBITDA is. Use terms they understand like top line and cash flow.
- Your reputation is your most important asset as a broker
In addition, Bluegrass Business Advisors is excited to present an established brand in the fast-casual dining sector. Located in prime spots, this venture is poised to grow with an expanding niche audience.
Key Highlights:
- Solid reputation for fresh, high-quality dishes and a diverse menu catering to various dietary preferences.
- Robust online presence engaging customers with updates and promotions.
- Experienced management team ensuring ongoing success and market distinction.
- Growth potential in a thriving industry with opportunities for territorial expansion
This is an excellent opportunity for investors looking to enter a growing market.
Lastly, Bluegrass Business Advisors is pleased to present a perfectly located, full-service laundromat in Central Kentucky.
Key Highlights:
- Major accounts and fresh contracts boosting profitability.
- Expanding services to include dry cleaning and delivery.
- Gross revenue exceeding $233,000+ in the last year.
- Conveniently located near major residential and commercial clients.
- Smooth transition with owner support.