COVID-19 Update

We (BNO) experienced tremendous success in brokering the sale of businesses and related real estate in 2018 and 2019. The first two months of 2020 continued the trend and we had a half dozen deals teed up to close in March and April. However, as you are well aware, all came to a screeching halt when the US economy was shut down due to COVID 19.

BNO Success Post COVID-19 Lockdown

We have brokered the sale of an electrical contractor, a plumbing company, an auction company, a daycare/preschool, a Petrol/TA Truck Stop Plaza, and even a restaurant since April.

Points Worth Noting

  • SBA is ready to close SBA loans as soon as the involved business can indicate that its monthly revenues have returned at least 75% of that pre-COVID-19 shutdown for 3 consecutive months.
  • Valuation experts and lenders are indicating that Valuations will most likely carve out or exclude from consideration the COVID 19 period; assuming a business is able to return to a level substantially similar to pre-COVID-19 shutdown.
  • Experts are indicating that “essential” businesses that did not suffer a loss of revenue/profit or increased such during the COVID 19 shutdown will have an increased attractiveness and at a higher valuation or multiple level.
  • Smaller private equity firms, family offices, and investors in general are forecasted and anticipated to be aggressively seeking business acquisitions post COVID 19 shutdown.
  • When you have an interest in confidentially discussing the sale of your business with an experienced business broker/attorney, please contact me at 419-720-5095 or jnaayers@bex.net.
  • Respectfully,
  • John A. Naayers
  • President