Andy and Jessica welcome you to another episode of the Deal Board. In today's episode, they talk about the key takeaways from the turbulent and uncommon 2020. They share the lessons learned from a year that we will all keep in our memories, a year that taught us a lot about making deals under a different weather; a year that showed that adaptability, flexibility, and preparedness are fundamental in a constantly-changing world.
Listing of the week: Tracy Peterson (Delmarva). Retail store that has been two years in business in Delaware, great location in a commercial area. Total sales: $415,000. SDE: $140,000. Asking price: $284,000; there is an inventory of $80,000 that can be part of the negotiation. Call (410) 543-2299 or email tpeterson@tworld.com.
Key takeaways:
[3:20] Takeaway # 1: Human connection is crucial.
[6:05] Takeaway # 2: Cash is king.
[9:10] Takeaway # 3: Changes happen fast.
[11:42] Takeaway # 4: Sometimes surviving is winning.
[16:26] Takeaway # 5: Small business is really the backbone of the economy.
[18:41] Takeaway # 6: It pays to be nice.
[21:50] Takeaway # 7: We can use technology to our advantage and be more efficient.
[24:52] Takeaway # 8: We all have a much better idea of what the truth is.
[27:14] Takeaway # 9: Be more charitable and help your community.
[30:27] Takeaway # 10: Be grateful and live life to the fullest.
[34:27] Deal of the week: Aaron Fox (North Boston) sold a Tax Preparation Company. Full SBA financed. SDE: $100,000. Sold at two times multiple.
[37:55] Listing of the week: Tracy Peterson (Delmarva). Retail store that has been two years in business in Delaware, great location in a commercial area. Total sales: $415,000. SDE: $140,000. Asking price: $284,000; there is an inventory of $80,000 that can be part of the negotiation.
Mentioned in this Episode:
The Deal Board Podcast
United Franchise Group
Transworld Business Advisors
Transworld on Linkedin
Transworld on Facebook
Call us — (888) 711-9018
Email us thedealboard@tworld.com
Call Aaron Fox at (781) 773-8922 or email afox@tworld.com
Call Tracy Peterson at (410) 543-2299 or email tpeterson@tworld.com
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