Sell-side Bank/M&A Advisor referrals for $1-1.5M sale?
March 26, 2021
by a searcher from University of Pennsylvania - The Wharton School in New York, NY, USA
We recently listed our business for sale with only legal and financial counsel, and without a broker or bank to assist us. We had spoken with many firms from the “BizBuySell Broker” community, and felt we would do a better job of representing the business to buyers.
While we believe we've handled the initial process well, including fielding initial buer interest, we’re continuing to evaluate representation options.
At our size, are there any lower market banks, M&A advisors, or other advisory firms that anyone would recommend we connect with? Alternatively, are there communities we should be looking into ourselves (like AMAA)?
Appreciate any assistance, thanks!
Additional Details:
- San Francisco based business
- ~$600k in annual revenue, ~$450k in TTM discretionary earnings, $1.4M current asking price
- Services offered: Virtual team building activities. Formerly, in person events in the SF Bay Area as well
from The University of Chicago in Chicago, IL, USA
Anonymous: I was President/Chair of AMAA for 12 years until last year. I am currently on the board of IBBA. In the past I was Chair of M&A Source Education. Please, call my cell###-###-#### If this is outside of our scope, I can refer you others in your area.
from Georgia Institute of Technology in Atlanta, GA, United States