Business during a pandemic
No company could have been prepared for this unprecedented situation of coronavirus altering every aspect of our lives. How we proceed during and after the COVID-19 pandemic will impact multiple aspects of our futures.
Small business owners:
All business owners have been impacted by this crisis in one way or another. Consider all your options when determining the best path for you and your business post-pandemic.
If your business is either closed or operating in a reduced way, you may feel somewhat helpless. But, you can use this time productively:
- Hold onto enough cash to survive. Don’t be too proud to reach out! Initiate the calls to your vendors and landlord about partial payments or extended payment plans. Post-crisis, your landlord needs you as a tenant and your vendors need you as a customer. Contact your lender about reduced payments, interest only, or forbearance.
- Make sure your company’s finances are well-documented and assess strengths and weaknesses.
- Do you know what your business is really worth? A market valuation will help you make informed decisions about your future – and your company’s. Collect the financial documents necessary and contact us to get started.
- Create your succession plan – nearly every business owner procrastinates, but this plan is essential for your (and your family’s) future.
- Was your business struggling BEFORE the pandemic? Take a breath and realistically consider whether any challenges are likely to improve in the new normal after COVID-19.
Resources for business owners:
St. Louis Small Business COVID-19 resources -https://stlpartnership.com/grow-your-business/
SBA Coronavirus (COVID-19): Small Business Guidance & Loan Resources - sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Interested in buying a business?
There are still strong businesses for sale! Many businesses were already on the market when the pandemic hit. Obviously, some owners are also realizing this is the time to retire and sell a business. Although financials for this time period will be significantly impacted by the pandemic precautions, solid historical financials and industry analysis can offer confidence to prospective buyers. And some business models are actually thriving due to stay-at-home orders!
If you are interested in buying a business, please complete our online Buyer Registration.
WHAT MAKES METRO BUSINESS ADVISORS SO DIFFERENT?
Metro’s process is a customized, comprehensive, multi-phased approach to the sale of your business.
Our process is not a “one size fits all” process for you or us!
Some brokers in the St. Louis area will list companies for no fee. Their model is to post business listings on their Internet site and hope an interested person finds your business and inquiries.
However, Metro does not employ that model when it comes to selling your company.
Instead, we are M&A advisors who are proactive in the development of marketing and financial information to position your business, secure prospects, and work with you in negotiating the terms and closing the sale.
WHY CHOOSE TO WORK WITH OUR ADVISORS
SELLING YOUR COMPANY CAN BE HARDER THAN WHEN YOU STARTED IT!
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Experience In Selling and Buying Companies
- MBA Professionals Know How To Close A Transaction
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Entrepreneurs Are Your Advisors
- Our advisors are past and current business owners
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Proactive Avoidance of Road Blocks
- Foreshadowing and preventing "Deal Killers" before they happen
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Proven Process
- Systems that result in closings
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Large Center Of Influence
- Our advisors & brokers have built relationships with banks, buyers, and other service providers
Are You Someone Looking To Buy A Company?
Our Services
Maximizing the financial rewards of the sale while maintaining strict confidentiality is our specialty. Understanding how the sale of your company integrates into your overall plan for your Life Beyond Business™ is essential.
- The Plan
- The Process
- Your Prospects
- What If I Have A Buyer?
With integrity as our foundation, our professional M&A Advisors in St. Louis strive to match the needs of buyers with sellers who understand the true market value of their company.
- The Plan
- The Process
- Buyer Representation?
Our market valuation calculation is an affordable, comprehensive, objective assessment based on multiple methods and industry statistics. Find out what your company is really worth.
- The Plan
- The Process
- Valuation Types
Do you really want to leave your future financial security to chance? Succession planning can be an overwhelming process; business owners need a competent advisor to maximize your success.
Getting the financing or an SBA loan to acquire a business can be a very difficult process. Our advisors can help consult you in finding the right type of funding to buy a company, expansion or debt services.
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