Located on Charleston’s historic King Street, BlueChip Mergers & Acquisitions is a boutique M & A firm based in Charleston SC, and provides expert transactional advice and expertise to both buyers and sellers of businesses of all sizes. With over two decades of experience, BlueChip provides unparalleled guidance from the top individuals in the industry.
The firm is often contacted by small business owners who think it is time to exit their businesses. One of the first questions we ask, is “What do you believe your business is worth”? Many times the answer is surprising, according to David Moore MBA, the firm’s President. “Many times their answer comes up short of what I believe it can sell for.”
Three times this year, the firm has sold businesses for 25% or more than were previously listed with another broker. Why? There are often simple things that are overlooked.
- Location, location, location. Charleston is a very desirable place to live and work. Don’t discount the fact that people are moving here, and it’s important that they purchase a business in the Lowcountry.
- There is truly a shortage of desirable businesses for sale. This means if your company has steady growth or stable
earnings, we value that higher. On average, we are contacted by hundreds of people that want to buy YOUR business. - Available alternative financing. Small Business Administration loans do not always a fit, but BlueChip has other options and can often get a deal done where others cannot.
- Applying multiple valuation methods and not just a standard 2 to 3x profits can often result in a real tangible value increase by 20%.
With financial markets at all-time highs, many businesses have experienced higher earnings in the last 12 months than ever before. That, along with the recent growth in the Lowcounty, may make it a good time to sell. If you have been thinking about selling, or just a lifestyle change, contact BlueChip Mergers & Acquisitions today.
BlueChip Mergers & Acquisitions has sold many Charleston-based companies including Floor Coverings International, HandyMan Connection, Rogue Motion Boat Sales and Storage, Charleston Golf Cart Rentals, and The Juice Joint, to name a few.