by Harvest Business Advisors | Oct 21, 2020 | Eddie Davis, Virginia
Harvest Business Advisors is pleased to announce the sale of this Northern Virginia air conditioning and heating services company.
Congratulations to the new owners! Best wishes to the sellers on their next adventure.
The company services residential and multi-family customers in Northern Virginia, Maryland and Washington D.C.
Highlights include:
Established in 1977, this contractor is a factory authorized dealer for major air conditioning and heating system manufacturers.
The company is led by an experienced management team and has five 5 skilled technicians who are NATE and factory certified.
The company has approximately 900 recurring long-term services contracts and a system in place for nurturing customer relationships.
The main facilities are conveniently located, owned by the sellers, and are available for purchase or lease.
No additional capital investment needed to maintain high standards and continued profitability.
The company’s average 3-year revenue is $2.2 million.
Possible buyers could be in a related industry seeking growth/diversification opportunities with an established, successful company or an industry buyer who would like to expand their capabilities and service geography area.
Please Contact: Eddie Davis (EDavis@HarvestBusiness.com or 301-325-7687) to discuss this business in more detail.
Click here for a Non-Disclosure Agreement and Finance Document
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia.
Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Oct 7, 2020 | Greg Caruso, Home Page, Virginia, Washington DC
A Letter of Intent has been signed for this business. Harvest Business Advisors is now working with the seller and buyer for a successful transaction.
Harvest Business Advisors presents a well-regarded analysis/litigation consulting firm for sale.
Located in the Mid-Atlantic region, this firm has proven expertise in analyzing, assessing and resolving critical issues regarding software, intellectual property, managed services agreements, and other IT matters.
Company clients and work extends nationally and internationally. Company is fully staffed and self-supporting.
Key Features:
- Average revenues of $2,900,000 with $700,000 seller’s discretionary earnings.
- Outstanding growth opportunity in the Mid-Atlantic market due to well-defined technology niche
- Diverse customer base of leading law firms
- Experienced long-term senior staff
Industries of Expertise include:
- Information Technology
- Manufacturing
- Government Contractors
- Environment
- Education
- Healthcare
- Energy
A strong merger/acquisition opportunity for a legal practice that would like to expand and/or diversify their current services.
Seller will consider small second trust.
Click here for a Non-Disclosure Agreement and Finance Document.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to GCaruso@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Sep 5, 2020 | Baltimore MD, Business for Sale, Buying A Business, Eddie Davis
Serving the Mid-Atlantic marketplace, this company re-manufactures and repairs components for medium and heavy-duty trucks. In addition, they sell related parts.
This company was established in 2004 in an ideal high-traffic location. Their customer base is deep and diversified.
They provide exceptional customer service which has resulted in long-term customer relationships.
Their management team is experienced and loyal. They have seven highly skilled technicians
- No additional capital investment needed.
- Average inventory: $100,000 (at cost)
- Average 3-year revenue: $2,200,000
A strong prospective buyer would be involved in the trucking or repair industry or perhaps in a related industry, seeking growth/diversification opportunities. Experience in business management with sales background would be an advantage.
Please Contact: Eddie Davis (EDavis@HarvestBusiness.com or 301-325-7687) to discuss this business in more detail.
Click here for a Non-Disclosure Agreement and Finance Document.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
Disclosure: We have relied on information provided and approved by seller and make no additional representations or warranties. Buyers should review with their advisors as needed
Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services.
We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Sep 5, 2020 | Business for Sale, Buying A Business, Greg Caruso
Harvest Business Advisors is pleased to present this Commercial Fire and Water Restoration Cleaning Company for sale.
For over 12 years, this commercial restoration cleaning company has been serving their Mid-Atlantic customers.
All key managers are responsible and will remain with the company. The technician team is well-trained and experienced.
This Company has stayed focused on necessary capital investments; equipment is up to date and modern.
Financial highlights:
Average revenues: over $2,000,000
Average historic seller’s discretionary earnings (SDE): $400,000
2019 SDE: $450,000.
- Growing revenue and earnings history
- Established industry accounts
- Experienced long-term staff
- Nine (9) vehicles including box trucks with lifts, vans, and cars (most less than two years old).
- Extensive modern facilities in central locations
- All equipment, trucks, people, leases, software, and rights to geographic area will convey.
Asking Price; $1,995,000.
The Buyer:
An industry buyer seeking growth opportunities with an established company or individuals with a general management/sales background seeking acquisition of profitable business.
Benefits to buyer include:
- Reputation
- Recurring revenue
- Experienced technicians
- Long term customer relations
- No significant additional capital investment needed
- Location and facilities
Connect with Greg Caruso (GCaruso@HarvestBusiness.com) at 877.838.4966 to discuss this business opportunity in more detail.
Click here for a Non-Disclosure Agreement and Finance Document.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to GCaruso@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Sep 3, 2020 | Business Sold, Glenn Molin, Maryland
This Practice has sold. Harvest Business Advisors congratulates the new owners and wishes the sellers much happiness in their future endeavors.
Harvest Business Advisors is proud to present this opportunity to own a well-appointed and vibrant physical therapy practice based in Montgomery County, Maryland.
The Practice is very successful, fully equipped, upscale and modern, operating from a beautiful and professionally appointed Class “A” medical building..
Located in a densely populated, high-income area, with many other medical practitioners nearby, this physical therapy clinic is poised for growth.
The practice treats long-standing loyal patients as well as a steady volume of medical referrals.
The location is convenient and easy accessible and offers free parking. It is easy for both patients and referring physicians to utilize the practice.
This opportunity allows a Maryland-licensed Physical Therapist to start earning a significant income right from your first day of practice.
With the addition of clinical support staff (an additional Physical Therapist or hiring additional Physical Therapy Assistants_ this waiting list practice would see growth quickly.
Landlord is aware of sale and willing to assign lease or negotiate new term
The current owner/physical therapist is willing to stay on for an agreed upon period of time to help with the transition.
Asking Price; $990,000
Connect with Glenn Molin (GMolin@HarvestBusiness.com) at 540-287-1776 to discuss this business opportunity in more detail.
Click here for a Non-Disclosure Agreement and Finance Document.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to GMolin@HarvestBusiness.com. We will then be able to discuss financial details and other confidential information about the business with you.
Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Jul 13, 2020 | Richard Stopa, Virginia
This business has sold.
Congratulations to the buyer and best wishes to the seller.
Established tax, small business accounting, and payroll firm in the growing Richmond, Virginia area.
The company has been providing services to a client base of nearly 2,000 loyal, satisfied clients for more than 15 years.
This highly profitable business is poised for expansion with identified opportunities for a new owner to grow the business. The owner wishes to retire.
Investment Considerations:
The owner has been with the business for more than 25 years and has amassed a very loyal customer base.
Clients include a healthy cross-section of ages ensuring continued business growth.
The staff represents a combined 73 years of accounting and tax preparation experience with the company.
The business conducts a combination of both bookkeeping and accounting services, with the bookkeeping services providing a steady and consistent revenue stream.
All systems and processes are in place.
This business is “turn-key”, ready for a new owner to take over.After the closing, the owner is willing to stay on with compensation for an agreed upon period of time to assist as needed.
This is a turn-key business ready for a new owner to take over.
ASKING PRICE: $600,000
Click here for a Non-Disclosure Agreement and Finance Document.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by gcaruso | Jul 13, 2020 | Acquisition, Blog, Business Broker 'Bites', Business Valuation, Exit Succession and Planning, Greg Caruso, Home Page
Since the outbreak of Covid-19, the business brokerage / investment banking world seems to change dramatically every 30 days.
As we enter the middle of summer, here are three tips we are giving business owners and business sellers:
1. After the 30 to 45 Day Shut-Down Starting in Mid-March, There is a Market Again
But, banks and institutional lenders have gotten much more cautious, taking marginal buyers out of the market.
We are qualifying prospects more carefully so we do not risk wasting a lot of time on transactions that cannot be financed.
We do recommend that if you receive a good offer, take it seriously as it will be harder to obtain as many offers as before this started.
2. Run Your Business Like You are Going to Own It Forever Particularly During a Sale Process
Your best negotiation strategy is that you are making money and will keep running it if you must. Be profitable every day.
Clearly, due to current circumstances, some businesses cannot do that. They should not sell at this time unless they do not have a choice. Unfortunately, there are going to be a lot of unavoidable bad outcomes due to Covid.
If your business is in the middle ground, make the tough choices and get pricing up if necessary. Always work toward having your costs in line with your likely revenues.
3. Good Companies will Attract Buyers
The discount you will need to give from your February 2020 price is going to depend on the uncertainty in your industry, your supply chain, your customer concentrations etc.
The sense of risk has been elevated. How high that perceived risk is will vary from no perceived increase in risk with liquor stores to incredible going concern risk with high end sit down restaurants.
Most businesses are somewhere in the middle and it appears they can sell with price reductions that make sense compared to the increase in risk. Buyers and sellers may consider forms of risk sharing through earn outs and the like.
If you would like to learn the value of your business as you make important decisions, please connect with us. We would be happy to discuss your business’ market appeal.
Clients choose Harvest Business Advisors for our accurate business valuations and our proven ability to deliver the highest price in the smoothest sale transaction possible. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Jun 10, 2020 | Blog, Business Broker 'Bites', Harvest Business Advisors Team, Home Page, Richard Stopa
There is no denying that the Corona Virus Pandemic has dramatically changed the way we live and the way we do business. However, the Harvest Business team is encouraged that business transactions are continuing, although they are being handled slightly differently.
Case in point: Harvest Business Advisors Partner Richard Stopa recently held a buyer-seller meeting with seven people, with social distancing and other CDC recommended best practices incorporated.
A very interested buyer wished to meet with the owners of a Virginia accounting practice that Richard represents. The first inclination might have been to postpone the meeting or conduct the meeting virtually.
However, the buyer is eager to move the potential purchase of the business forward. Richard was happy to work out arrangements that helped the buyer learn more about the business and also gave everyone involved a degree of comfort in conducting a face to face meeting.
The meeting took place on a Saturday when the sellers’ employees were not in the office so as to maintain the confidentiality of the potential transaction and also reduce the number of people in one setting.
The buyer party and seller party, along with Richard, met in a very large open area of the sellers’ office where there was plenty of air circulating. All parties maintained proper social distancing (in this case actually 8 to 10 feet instead of the recommended 6-foot distance). We provided ample hand sanitizer, disinfecting wipes and other cleaning products. All parties, of course, wore face masks.
The only real difficulty was the limitations of the face masks. The parties couldn’t see each other’s entire faces (and expressions) and the masks muffled the conversation a bit, a minor inconvenience.
All told, the meeting was very positive. And the transaction will continue to move forward.
This meeting proved that business with our clients can be successfully conducted during a pandemic as long as all parties are cautious, flexible and open-minded.
Look for the transaction to be announced here in the near future.
And, if you would like to discuss any of the current business listings Harvest has posted or chat about listing your business for sale, we are ready to move forward with you.
This article was written by Richard Stopa, Harvest Business Advisors.
Clients choose Harvest Business Advisors for our accurate business valuations and our proven ability to deliver the highest price in the smoothest sale transaction possible. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Jun 4, 2020 | Blog, Greg Caruso, NACVA Around The Valuation World
This webinar is an excellent way for valuation professionals to keep informed about trends and news in the business valuation sector, direct from industry leaders.
The next episode will air on Monday, June 8 at 1 p.m. ET and will be recorded.
This month’s session begins with Core Body of Knowledge.
on “Current Update Course 2020”.
Next,
Roger Grabowski FASA provides this month’s
Expert Insight’focused on dealing with valuations in Covid-19 environment.
Kim Tavares CVA will review recent
Valuation Verdicts involving key Federal and/or State Case Law Summaries (2-3 cases).
And
C. Zachary Meyers CPA CVA will present an overview of on “Valuation Data & Reporting Related Standard Guidance – If You Don’t Know, Now You Know”.
Finally, we’ll close this month’s program with
Growing and Building Your Brand, a timely conversation with leadership expert
Rod Burkert CPA, CVA on “The Leadership Challenge/Opportunity for Practitioners Like Us”.
We expect this show to provide essential and actionable information for valuation experts and hope you can join in live or listen to the replay later.
“Around the Valuation World” is a monthly webinar on business valuation topics hosted by the NACVA and moderated by Greg Caruso of Harvest Business Advisors.
For more information, please visit the “Around the Valuation World” website.
Also please note: The Business Valuation and Financial Litigation Virtual Super Conference will be held June 15 through June 19. You may register for the full conference or a la carte sessions. Click Here for Details: http://bvflsconference.com/
by Harvest Business Advisors | Jun 4, 2020 | Business Sold, Greg Caruso, Harvest Business Advisors Team
“The most professional group I had worked with” – Steve Hershey, Intown Restorations.
Harvest Business Advisors, Mid-Atlantic business brokers and valuation experts, are pleased to be able to represent InTown Restorations, a long standing Concrete subcontractor in the Virginia, Maryland, and DC Market Area.
Intown Restorations has a 30 year history of working for many general contractors in the Washington DC area. Harvest Business Advisors was able to find a well qualified buyer who is putting resources into the firm and beginning a path of expansion.
Harvest Business Advisors has experience selling construction contractors and subcontractors including HVAC, electrical, plumbing, insulators, engineering and management firms and the like.
Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
