B2B CFO® Assists in a Florida Business Exit
B2B CFO® Partner Terry Eve’s role in crafting a profitable restaurant group exit Overview In 2021, a culinary gem emerged in Palm Beach, Florida, captivating the taste buds of locals with its delectable, flame-cooked, wood-fired rotisserie chicken. Celebrated for their scratch-made meals, this restaurant group quickly became a community treasure, featured in the local newspaper and renowned for enhancing the fine dining experience with their commissary-crafted poultry. The company, which had seven stores in the region, stood at a crossroads: poised to either scale their operations for expansive growth or pursue the sale of their business. Despite their tremendous growth potential, they faced a critical challenge: a lack of business and financial expertise to navigate the complexities of their impending growth. This is where B2B CFO® Partner, Terry Eve stepped in, providing strategic business guidance to chart a course for the company’s promising future....
Thinking of Selling Your Business? B2B EXIT Puts You in the Driver’s Seat
B2B CFO Leads Industry Shift, Offering Unmatched Control in Business Sales B2B EXIT Book & Software CHANDLER, Ariz., Oct. 17, 2023 /PRNewswire/ — B2B CFO unveils B2B EXIT today, addressing an industry void for specialized guidance in business sales and positioning the company as the ultimate control tool for business owners considering a sale. This introduction represents the culmination of a decade of industry-altering research and development. “Our company has lived and breathed this industry for years and we saw a glaring gap. Business owners lacked a resource offering them genuine control during the sales process. B2B EXIT changes that,” said Jerry L. Mills, Founder and CEO of B2B CFO and B2B EXIT, reaffirming the company’s commitment to revolutionizing the business sales landscape and empowering owners to secure the deals they deserve. The timing is especially compelling, given the recent insights from BizBuySell Insight Report, which depicts an increasingly complicated landscape for business sales. BizBuySell Insight Report signals both challenges and opportunities in the marketplace. While the report highlights increasing complexities in deal structures, it also identifies promising trends for both buyers and sellers. The report quotes Kentucky-based business buyer Barrios, who predicts that 2023 and 2024 will offer the best opportunities for acquiring well-established businesses at good prices and profit margins, provided buyers are well-informed, financially prepared, and passionate about entrepreneurship. The need for B2B EXIT is further underscored with data cited by Growth-Drive, which reveals a pressing concern: while 17% of business owners are preparing to sell their companies, a staggering 95% of them cannot maximize the transferable value of their business. George Sandmann, founder of Growth-Drive...
B2B CFO® EXPANDS REACH IN MONTANA
Jeff Streeter Joins as Partner in Kalispell, MT B2B CFO®, a leader in strategic business advisory services to owners of privately held companies, announced today that Jeff Streeter has joined as Partner. He is based in Kalispell, MT, and will serve the surrounding area alongside other B2B CFO® partners.Jeff is a skilled executive with deep financial and operational experience with over 35 years developing a wide range of business strategies. Prior to joining B2B CFO®, he spent 18 years as CEO and Co-Founder of Lucky Bums, a consumer products brand which he built from scratch, spearheading a cash-flow model, analyzing metrics such as gross margin, receivables, and payables across various products and sales channels. He incorporated innovative manufacturing terms, fostering sustainable growth and profitability. Jeff also managed financial operations and the growth strategy, executing brand expansion by securing capital through traditional bank lending and private investment. He successfully negotiated multiple lines of credit and 4 unique rounds of private equity investment. This expansion established the company as a leading presence in their respective e-Commerce selling platforms and resulted in significant growth.Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO®, said, “We are delighted that Jeff has joined our partnership. He is highly accomplished, and his expertise will be of tremendous benefit to the business owners in the area.”According to Jeff, “With my background as a co-found and business owner and having experienced the challenges of growing and transitioning a company firsthand, it’s incredibly invigorating to witness how B2B CFO® wholeheartedly caters to the needs and aspirations of business owners. I feel a deep sense of gratitude to...
B2B CFO® Helps a Company Sell for 15x Multiple
Accelerated Business Performance Drives 15x Valuation Multiple In comparison to newly launched start-ups, second-generation run companies have the initial advantage of taking over a brand that is already built instead of having to start from scratch. However, many second-generation leaders play a pivotal role in implementing initiatives that take the business to the next level of growth and profitability, while strengthening the family legacy for future generations. Overview All owners eventually exit the business—and many have the desire to pass their legacy on to their children. This was the scenario for a successful food testing and analysis company that specialized in analyzing foods for pathogens, bacteria, spoilage and overall comprehensive food safety and quality. The founding owner’s two children were successfully running the business; however, in 2013, the economy was recovering from the Great Recession and the owners hit a crossroads: do they commit to improving the company’s value or find a buyer to sell the company?...B2B CFO® are media experts on, and can speak to the media on:
- - Company Financials
- - Small Business Finance
- - Lending
- - Profit/Loss Statements
- - Exit Strategy
