Andy and Jessica welcome you to another episode of The Deal Board. This time they are talking about an unfortunate situation that happens more than expected. Very often the seller is sick and passes away during the selling process, and it is shocking to find that very frequently they don't have their affairs in order. Listen to today's episode to find the experts' advice to guarantee your deal even in the most unpredictable circumstances.
Listings of the week:
- Jason Blair (Portland) is selling a cabinet manufacturer that has been operating for 46 years. The list price is $1.9 million and its SDE is $473,000 with $700,000 in inventory. Email Jason at jblair@tworld.com or call (763) 269-1979.
- Lonnie Woodruff is selling a Ready Mix Batch Plant located in Central Oregon that has been in business for over 20 years. This company made $944,000 last year and the asking price is $3.25 million including real estate. The owners want to retire. Call Lonnie at (541) 920-9026.
Key takeaways:
[5:20] Deborah Carman from Carman Law at Boca Raton, Florida.
[8:39] Deborah talks about the consequences of not planning before an emergency situation.
[11:24] How long does the probate process take?
[12:50] Andy explains how safe estate planning is done.
[14:11] Deborah shares a common case.
[16:40] Deborah talks about some common mistakes in estate planning.
[20:02] Deborah suggests people look at their trusts and make sure they are updated.
[23:01] Deal of the week: Julie Smith (Central Oregon) sold a company that deals with concrete and polishing, a very lucrative business with an SDE of $300,000, it was sold for $750,000.
[24:38] Kylene Golubski, Executive Director at the IBBA (International Business Brokers Association) since 2015.
[25:50] Kylene talks about the biggest IBBA conference which is about to happen in 2023.
[26:55] Andy and Kylene talk about international participation in the IBBA Conference.
[30:19] Kylene shares exciting news.
[32:21] Listing of the week: Jason Blair (Portland) is selling a cabinet manufacturer that has been operating for 46 years. The list price is $1.9 million and its SDE is $473,000 with $700,000 in inventory.
[33:44] Ben Protano from Protano Law.
[35:25] Ben advises everyone to get the right legal support.
[37:41] Ben gives several tips for people selling/buying a business.
[41:37] Listing of the week: Lonnie Woodruff is selling a Ready Mix Batch Plant located in Central Oregon that has been in business for over 20 years. This company made $944,000 last year and the asking price is $3.25 million including real estate. The owners want to retire. Call Lonnie at (541) 920-9026.
Mentioned in this Episode:
Subscribe to The Deal Board Podcast YouTube Channel
Call us — (888) 719-9098
Email us thedealboard@tworld.com
Get in touch with Deborah Carman by phone at (561) 392-7031 or email: info@carmanlegal.com
Get in touch with Ben Protano by email:
Email Julie Smith at jsmith@tworld.com
Visit IBBA
Email Jason Blair at jblair@tworld.com or call (763) 269-1979.
Call Lonnie Woodruff at (541) 920-9026.
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