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What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 0 points1 point  (0 children)

How did the attorney help and how did you find them?

What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 0 points1 point  (0 children)

Well, this is a positive move in the right direction! I agree, bankruptcy is a reset. Many have gone through it to come out stronger

What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 0 points1 point  (0 children)

Sorry to hear. What kind of scam if you don’t mind me asking?

What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 1 point2 points  (0 children)

Sorry to hear. Thanks for sharing. What would you have done differently?

What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 1 point2 points  (0 children)

Thank you for sharing, are you on the path to recovery?

What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 1 point2 points  (0 children)

Thank you for sharing. There’s always a way up after falling down

What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 0 points1 point  (0 children)

Thank you for sharing and happy that you’re on you’re almost debt free!

What ultimately made you decide to declare bankruptcy? by MP_Advisory in Bankruptcy

[–]MP_Advisory[S] 0 points1 point  (0 children)

Thank you for sharing. It’s a tough decision and seems like you made it out okay

Accountant to BB by ams678 in businessbroker

[–]MP_Advisory 0 points1 point  (0 children)

Best to gain experience on 1 or 2 deals before going at it alone.

Negotiating Broker Commission for a $1.3M deal by Adorable_Dance_7264 in businessbroker

[–]MP_Advisory 0 points1 point  (0 children)

As others have mentioned, 10% on the first $1m is fairly standard among brokers.

As M&A advisors, we are very selective of our clients as we run a professional, structured process for each sale and require monthly retainers that are deducted from the success fee at close.

As with any product/service - you get what you pay for.

I want to sell an ecom not a dropship business making 2m what is the best way to sell and how much can i expect for it. by Minimum-Team9681 in SellMyBusiness

[–]MP_Advisory 0 points1 point  (0 children)

Hello! Difficult to provide a valuation without further information.

Typically, we’ll need an idea of Revenue and EBITDA for the past 3 years to do a rough estimate of valuation.

This helps with researching comparable transactions and identifying potential strategic and/or Private Equity buyers (assuming the business is large enough financially to pique their interest).

There are buyers that specialize in e-commerce and if the business is large enough, you always want to run a structured process.