Buying/Selling a Business
Buying a business can be an exciting and stressful time for any new business owner. Selling a business can be both financially rewarding and personally satisfying knowing that your business will continue on after you’re gone. Whether you’re ready to buy or sell, the Kansas SBDC can help make the process more manageable through confidential one-on-one advising.
Business Valuations
We help you assess what your business is worth and how you can increase the value before you sell. When a company is valued, it involves far more than looking at a financial statement. The Kansas SBDC looks at a variety of components, including the operation of the business, customers, comparable sales, the industry, and more.
We also offer Value Opportunity Profile (VOP).
Business Value Acceleration
We provide you with the assistance you need to maximize the value of your business, so you can exit on your terms. We work with you to determine the current value of your business and assess where you need to build value, enabling you to achieve your financial goals inside and outside of the business.
Succession/Exit Planning
We help business owners who are interested in selling their business to internal or external buyers. By working with owners on how to make the most of their business value, we address their retirement or exit financial needs and plan for what happens after they sell. Our clients are often unsure of what steps to take to make a smooth transition so we help them plan for a future with which they can be comfortable. Our advising helps reduce the stress of the process.
The Capital Access Center (CAC), part of the Kansas Small Business Development Center (SBDC) and funded through the 2020 CARES Act, is a specialized consulting service to small business owners needing Capital (Loans, Lines of Credit, etc.). Those clients wishing to buy a business and needing capital may access the Center directly or via our office.
Resources for Business Transition
- https://ownershiptransition.org/
The Ownership Transition Initiative helps business owners successfully
plan their exit strategy and enjoy a well-earned retirement.
- https://becomingemployeeowned.org/
Becoming Employee Owned is an initiative of the Democracy at Work
Institute with a mission to expand the worker cooperative model to reach
communities most directly affected by social and economic inequality,
specifically people of color, recent immigrants, and low-wage workforces.