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Selling your dry cleaning business Vincent Murphy business broker advice

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The local neighborhood dry cleaner often becomes a hallmark of the community. Nearly everyone walks through its doors at one point or another, and a shop that does quality work with a high level of customer service is bound to collect thousands of satisfied customers over the years. That being the case, is there anything different about selling a  dry cleaning business  if the owner decides it’s time? What tips can an owner keep in mind to make sure he doesn’t get “taken to the cleaners” by an incoming buyer? The basics apply For the most part, there’s very little about selling a dry cleaner that strays from the  basic best practices  suggested for selling any kind of business: Maintain excellent records Partner with professionals like a business broker, real estate agent, and accountant to prepare for and facilitate the sale Physical preparation  Clean and maintain the equipment and premises so they’re attractive to a buyer. Consider gett...
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Selling your business in the Boston MA area. Vince Murphy Business Broker we have Brokers in most major metro areas and States to assist you

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Murphy Business & Financial Corporation LLC We are one of the largest and most successful business brokerage firms in North America with offices conveniently located throughout the United States and Canada. Murphy Business provides both clients and business associates with the highest standards of professional service and unmatched performance in the sale of privately held businesses, mergers & acquisitions, franchise sales, business valuations, machinery & equipment appraisals, commercial real estate and business consulting. With the team at Murphy Business, you can be assured you are represented by outstanding, experienced and knowledgeable professionals who will provide you with sound financial, strategic and tactical implementation to achieve a successful transaction. Know More..  Contact Vincent Murphy Business Broker Intermediary BusinessBrokerVinceMurphy.com  The first broker I ever worked for said, "Every deal you have will die at least 5 ...
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What Is a Recasted Profit & Loss?

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Small Business » Finances & Taxes » Profit & Loss Statements » What Is a Recasted Profit & Loss? Vincent Murphy Business Broker  Related Articles 1 Matching Concept Vs. Accrual Accounting 2 The Accrual Method of Accounting for Nonprofits 3 How to Determine Assets and Expenses for Accrual and Cash Accounting 4 Does a Cash Basis S Corporation Have Retained Earnings? Many small business owners use cash accounting instead of accrual accounting. In addition, they often run a number of personal expenses through their companies or ratchet up their contributions to company retirement accounts to increase their retirement savings and reduce their current taxes. Because of this, it is sometimes necessary to recast earnings. When you recast earnings, you adjust the earnings to reflect accrual methodologies or remove the impact of the additional expenses. Recast To recast is to cast anew or to reconstruct. When you recast earnings, you ...
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