Buying and Selling a Business: What You Need to Know | Houston Center SBDC

If you are a seasoned business owner or a younger entrepreneur interested in acquisition, join us for this presentation to learn how to prepare a business for sale. Topics will include valuation, timing, and exit options. You will also hear from the Small Business Administration (SBA) about their 7(a) loan program - commonly used for business acquisitions - as well as the SBDC and the many resources they offer to help owners prepare their businesses for sale.

Highlights:

• Understanding how businesses are valued (EBITDA, cash flow, and assets)
• Key steps to prepare your business for sale
• Common exit strategies and how to choose the right one
• Financial documentation buyers and lenders expect to see
• Practical ways to increase your business value before the sale
• Common red flags that can delay or derail a transaction
• Creating a realistic timeline for a successful sale
• Resources to help you with the sale or acquisition

This session is designed for seasoned business owners preparing to sell their business, as well as younger entrepreneurs interested in acquiring one.

Speakers:

      Mike Holloman, CBI, CMAI, Business Broker, Murphy Business Sales - Central Houston

      Winston Labbé, Deputy District Director, SBA Houston

      Business Advisor, Houston Center SBDC

It is imperative to add centeric@ic.sbdc.uhbauer.org to your approved senders' list to be able to receive event confirmations and links.

Please Note:

• Each person attending an event must have their own account. Multiple people may not register under one account.
• The SBDC reserves the right to cancel a class for insufficient enrollment, weather emergencies, and other unforeseen circumstances. Should a cancellation occur, we will use the email you provided to contact you.
• Preregistration is highly recommended. If an event is canceled or postponed and you have not preregistered, we will not be able to contact you.
• If you choose to register at the door, you will need your mobile device to complete your registration otherwise you will not be allowed to attend.
• Satisfactory meeting room temperatures are difficult to maintain. Always bring a sweater or jacket to ensure comfort.
• No children under the age of 16 are allowed in the workshop.
• Only service animals allowed - If you need to bring a service animal with you to a workshop please contact us ahead of time.
• Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the UH SBDC at (713) 752-8488 for accommodations, or if you have questions about this class.