What are the opening hours?

Monday 8:30am - 4:30pm Tuesday 8:30am - 4:30pm Wednesday 8:30am - 4:30pm Thursday 8:30am - 4:30pm Friday 8:30am - 4:30pm

Scott Balfour - Commercial and Business Broker

Name: Scott Balfour - Commercial and Business Broker
Address: 50 Sewall Street, Portland, ME, 04102, US
Telephone: +12075532420

Home
United States
Portland, ME
Scott Balfour - Commercial and Business Broker

Scott Balfour specializes in guiding businesses, advising people, and moving property.

05/20/2025

Buyers like to find a strong company culture.

Not all businesses can afford the type of culture that is spotlighted in Silicon Valley companies like Apple and Google. But it is important that business owners pay attention to the environment that has been created in their companies.

A strong company culture can mean well-trained, motivated, long-term employees, something that all buyers for the business are looking for.

Call me at 207-838-5205 to learn more!

01/14/2025

Buyers and lenders will scrutinize EVERYTHING, especially questionable items on the financials. If there are items that do not make sense to outsiders, it can affect the value of the price of the business.

12/11/2024

Selling a business is usually not easy. It can be a complicated process because of all the many elements to a business - location, leases, equipment, employees, receivables, payables, etc., etc. The price of a business is obviously important, but so are the terms - how and when the payments are made. And there are the many issues in which the seller doesn’t always realize the ramifications of what can happen after the closing. It is critical for business owners to use an experienced Mergers & Acquisitions professional to understand the issues to make sure they are getting the best deal possible.

12/04/2024

If there is a minority shareholder in a business, he or she may need to be consulted before selling the company. It depends on the arrangement that was made. There may be a first right of refusal for the minority shareholder or other provisions in a buy-sell agreement or even timing issues to close a deal. Business owners who have minority shareholders need to review their agreement and consult with their attorney before going to market.

11/27/2024

Business owners don't always understand how business valuations are performed, and they oftentimes don't agree with the number. They first need to understand how their company's cash flow is computed. It starts with determining the "Add Backs" -- expenses that are added to the profits to derive EBITDA (earnings before interest, taxes, depreciation and amortization) or SDE (Sellers Discretionary Earnings - used for smaller businesses).

11/20/2024

Business owners can manage their financials as they wish (within standard accounting principles). But when it comes time to sell their company, it becomes a whole new ball game. Buyers and lenders will scrutinize everything, especially questionable items on the financials. If there are items that do not make sense to outsiders, it can affect the value and the price of the business. It is a good idea to have a professional such as a mergers & acquisitions advisor or business broker perform a business valuation to determine present value and expose any area that could create a problem.

11/13/2024

There are many stories of partners, investors or spouses showing up right before closings or even at closings to express their opposition to the sale. Obviously, in those situations there are existing conflicts which have not been worked out between the parties. In the early stages of planning the exit of a business, the majority owner must make sure everyone agrees that they are willing to sell at an agreed upon price and terms and will be willing to sign the closing documents.

11/06/2024

There are many items that buyers for a business will want to see, but the most critical are the Profit & Loss Statements, Balance Sheets and Tax Returns for 3 - 5 years. These documents must be current, accurate and readily available. Buyers, their accountants and advisors will closely scrutinize these "report cards" which will serve as a basis to determine cash flow and value. In preparing a business for sale, these documents need to be collected, reviewed for accuracy and ready to be presented.

10/30/2024

Partnerships can be difficult, but the problems must be addressed!
The beginning of partnerships in business can be very exciting and filled with great expectations of success for the future. But as in marriages, things change, stuff happens and partners are not always as compatible as they appear. If problems start brewing, it is critical that the partners find a way to express themselves to each other and agree on an immediate course of action. If the problems aren't addressed, the value of the business will surely go down and no one will be satisfied.

10/23/2024

There are many reasons that purchasers of businesses are turned down for acquisition loans. Oftentimes the price of the business is too high and the cash flow of the business can't support servicing the debt. Sometimes the assets to be used for collateral are inadequate. But the banks and the SBA look at other criteria such as the credit rating and qualifications of the borrower to manage the business. At the very least, business owners must make sure their company fits all the criteria that banks are looking for in order to find a buyer that will qualify for a loan.

10/16/2024

One of the challenges of selling a business can be finding an individual or a company that appreciates its value and is a "perfect fit" to continue the operation. But there are so many issues that can affect its desirabillity - geography, revenues, cash flow, employees, key employees, products, services, property
lease, equipment leases - the list goes on and on. Business owners must be prepared to go through a process that can f ind buyers who seem truly interested, but then find something that doesn't work for them and the ideal falls through.

10/09/2024

Believe it or not, there are many companies who are doing just fine out there, thank you very much. Business owners can't dwell on troubling headlines or negative news coming out of Washington. They need to focus on their own business, on their products and services, on their market. They might have to look outside their own four walls and find out what the thriving companies are doing, Business owners may need to diversify their offering, reinvent their business model, make some bold decisions and be creative. Their company can be successful too!

Address

50 Sewall Street
Portland, ME
04102

Opening Hours

Monday	8:30am - 4:30pm
Tuesday	8:30am - 4:30pm
Wednesday	8:30am - 4:30pm
Thursday	8:30am - 4:30pm
Friday	8:30am - 4:30pm

Telephone

+12075532420

Website

http://balfourcommercial.com/

Alerts

Be the first to know and let us send you an email when Scott Balfour - Commercial and Business Broker posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Want your business to be the top-listed Realtor/realty Service in Portland?