Podcast Episode 165: Time to sell your studio? Here’s What You Need To Know {Part Two}

In Part One of this podcast, we hit the must-have strategies you’ll need to sell your business.   Now, it’s time to get down to the nitty gritty, where we’ll look at: The Multipliers you’ll use to determine a final asking price: You’ve likely heard the term multipliers before, but what’s the exact numbers you […]

September 24, 2022

READY AIM EMPIRE : Podcast Episode 165: Time to sell your studio? Here’s What You Need To Know {Part Two}

In Part One of this podcast, we hit the must-have strategies you’ll need to sell your business.  

Now, it’s time to get down to the nitty gritty, where we’ll look at:

  1. The Multipliers you’ll use to determine a final asking price: You’ve likely heard the term multipliers before, but what’s the exact numbers you need to to know in our industry so that you sell for the right price {and the right long term profits}.  
  2. The Owner Benefit you’ll need to layout a true net profit: Thought your P & L was the end all and be all of your net profits. Not when it comes to selling. Chances are you’ve been writing off as much as possible for as long as possible and this has skewed your true net profits. Now, we’re gonna dismantle the P & L to create an Owner Benefit statement that gives your new owners the best chance to see your business’s potential.
  3. The Financing Options ahead for you {and your potential new owners}: There are numerous options to financing your business, but a select few may earn you extra dollars without extra headaches. We’ll explore your options {and let you in on exactly how we sold our companies}.  
  4. And, finally, where do you actually sell your business? {hint} It’s closer to home than you think.  

Listen in on today's episode and you'll learn:

  • The multipliers to use to determine the final asking price of your business
  • The strategies to use to increase your multipliers {so you can increase the
    value of your business!}
  • The one scenario where a multiplier does not apply
  • How to calculate the owner benefit and the types of expenses to leave out of
    this calculation
  • The different ways to finance the sale of your business for a potential buyer
    plus my personal favorite financing option
  • Tips on how to find a buyer easily!

With grit + gratitude,

Lisé

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