BROOKLINE, Massachusetts., April 14, 2022 /PRNewswire/ — Allen Business Advisors, a mergers and acquisitions advisory that sells architectural, engineering and surveying businesses, announces that it will launch its Step-Up Legacy Plan. The Step-Up Legacy Plan is designed to allow business owners to sell their business to key employees at fair market value while receiving payment at closing. Owners also benefit from selling their business to someone they know and trust, who will protect their legacy.
Allen Business Advisors
Most business owners don’t consider selling their business to key employees because they believe the employees don’t have the money to buy the business. The Step-Up Legacy plan overcomes this challenge by allowing employees to purchase the business with as little as 10% of the initial purchase price. Allen Business Advisors arranges bank financing for the balance of the purchase price. This program is ideal for companies that have up to 30 employees, while an ESOP (Employee Stock Ownership Plan) works best for companies that have more than 30 employees.
Allen Business Advisors is made up of three former commercial loan officers and a bank trust officer. Due to their background, training and experience, banks prefer to work with them. They understand bankers and speak “banker talk”. They also know the banking landscape, as different banks have different levels of risk comfort. Most banks prefer commercial real estate loans because of the lower risk collateral.
Business acquisition transactions, by definition, include goodwill, which is the amount of money paid beyond the value of the physical assets. Most banks tend to avoid business acquisition loans or require a large down payment. Allen Business Advisors has relationships with a limited number of banks that specialize in financing business acquisitions.
Allen Business Advisors specializes in selling architectural, engineering, and surveying businesses across the country to key employees and outside third parties. They have developed a proprietary database of prospective buyers by attending, exhibiting, and speaking at surveying, engineering, and architectural conferences.
They develop a personalized marketing plan for each business they put up for sale. This includes advertising to your large database of potential buyers, using targeted advertising on LinkedIn and Google, and calling potential buyers. They use videos to promote their businesses for sale, as people are six times more likely to watch a video than read a text.
Those interested in learning more about Allen Business Advisors or their Step-Up Legacy Plan can visit their website at https://www.allenbusinessadvisors.com/the-step-up-legacy-plan/ or search for related videos on the Allen Business Advisors YouTube channel.
Contact:
john allen
781-443-4874
[email protected]
SOURCE Allen Business Advisors
