The Mirage of Hypothetical Added Value (HAV): Unveiling Real Business Worth

As veterans in mergers and acquisitions, Viking M&A often encounters business owners devoted to including hypothetical value in their business’s worth. So, while EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a widely utilized metric in the financial world, many business owners prefer EBITDA-HAV.    What is EBITDA-HAV? I’m so glad you asked. It is incredibly tempting to believe …

Can I sell my business if I have an SBA loan?

Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval. With your bank’s approval, there are three scenarios for selling a business with an SBA loan: 1. Sell for more than you owe. If your business is valued for more than you owe on the …

Planning and Small Business Valuation

Chess is one of those games where you can go from being on top of the world to an emotional pit in a short amount of time. Lately, one of the more frustrating things that happened during a game was what’s called a fork. A fork occurs when your opponent positions their pieces, so you must take a loss and …

Asheville Skyline at dusk

A Quick Guide to Selling a Business in Asheville, North Carolina

Located in Western North Carolina, Asheville is renowned for outdoor sports, natural beauty and vibrant lifestyle. Asheville’s thriving business ecosystem and enchanting mountain setting make it an ideal place to own and eventually sell a business.  If you own a manufacturing company, product distributor or trade services business, prospective buyers may want to acquire your company. However, selling a business …

Appraised Value vs. Market Value: Understanding The Differences And Why They Matter

If you are considering selling your small to midsize business, you may already know that extensive financial information goes into constructing a deal. Appraisal and fair market values are two of these figures, which are fundamental in getting the most money for the company you have worked hard to build. Although these two numbers should ideally be the same, fluctuations …

Exit Through the Virtual Door: Tips for Selling Your E-commerce Business

As an e-commerce business owner, you have likely noticed things run differently than in a traditional, brick-and-mortar organization. Lower overhead costs often mean increased profits, which the e-commerce sector has demonstrated with its substantial growth in recent years. However, you may wish to move on to a new opportunity or new field altogether, which means you want to sell your …