On this episode of Everyday M&A, we hear from Mike Feinman, co-founder of Texas Business Brokers. For the last 10 years, Mike has helped people buy and sell businesses across industries and shares with us some key insights:

• What is Seller's Discretionary Income and why is it important
• What amount of Seller's Discretionary Income should your business be above to be well positioned for sale
• How is real estate treated during the sale of a business
• What markets are hot right now
• What markets are not hot right now
• What buyers should do on their own, and when to bring in a broker
• What business owners should do if they get an unsolicited offer to sell their business
• If a business owner found a buyer for their business on their own but still wants to engage a broker, what commission should they pay
• What makes a good seller

If you liked today’s episode, please Like and Comment below who you’d like for me to invite as a future guest!

Everyday M and A is hosted by the California and Business law firm of Thorsen Legal. The business purchase and sale attorneys at Thorsen Legal have decades of experience helping business owners sell their businesses, and assisting buyers - from individuals to large private equity firms - find the target acquisition that fits their investment theses.