Author Archives: William Bruce

About William Bruce

President, American Business Brokers Association / Business Broker and Accredited Business Intermediary assisting business buyers and sellers with the transfer of ownership since 1986 / Author: How to Buy a Business.

Record Number of U.S. Small Businesses Were Bought and Sold in 2016

BizBuySell.com, the Internet’s largest business-for-sale marketplace, reported recently
that annual small business transactions reached record levels in 2016, topping 2015’s totals by 8.6 percent. Continue reading

Posted in Business Valuation & Appraisal, Buying or Selling a Business | Tagged | 2 Comments

Carnival Cruise Lines Returns to Mobile, Alabama. A Word of Caution is in Order.

Carnival Cruise Lines is returning to Mobile, Alabama today. We’re excited about the return of a cruise ship to the historic and beautiful Azalea City, home of America’s first Mardi Gras celebration. But in the midst of this enthusiasm, a word of caution is in order. Continue reading

Posted in Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , | 3 Comments

Business Buyer-Seller Confidence Index Is Strong for Sale of Small to Medium Size Companies

The Business Buyer-Seller Confidence Index indicates a strong and active market for small to medium size companies. Continue reading

Posted in Business Valuation & Appraisal, Buying or Selling a Business | Tagged , , | 4 Comments

Banks Rated Strongest to Weakest in Mobile and Baldwin Counties, Alabama

Banks are often placed on a pedestal in the public mind, but they are like any other category of business in that some are stronger and better managed than others. Following are Mobile and Baldwin County, Alabama banks rated strongest to weakest. Continue reading

Posted in Alabama's Economy, Gulf Coast Regional & National Economy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Number of Small Businesses Sold Set to Break Record

The total number of small businesses changing hands in the first half of 2016 represents an increase from not only last year, but from the record-setting 2014 as well. If the trend continues, 2016 will be the best year on record. Continue reading

Posted in Business Valuation & Appraisal, Buying or Selling a Business | Tagged , , , , | Leave a comment

How to Use the SBA 7(a) Loan Program to Buy a Business

Except for the SBA 7(a) program, banks generally do not make loans to individuals to buy a business.  This statement will surprise a lot of people. Most people will think first of a conventional bank loan when seeking financing to … Continue reading

Posted in Buying or Selling a Business | Tagged , , , , , , , , , | 1 Comment

Business-for-Sale Marketplace Appears Strong in 2016

The business-for-sale marketplace appears strong in 2016. In a January survey of the membership of the American Business Brokers Association, which is composed of both Main Street and Middle Market intermediaries, 76 percent of the respondents said they expected 2016 to be more active than 2015. Only one percent expected this year’s activity to be lower than last year. Continue reading

Posted in Business Valuation & Appraisal, Buying or Selling a Business | Tagged , , | Leave a comment