New service helps owners to sell their small businesses
The community, which provides both valuation tools and resources to help owners improve their business, is a low-cost, do-it-yourself way of preparing any small business for the open market. Paratus co-founder Morgan Tate said many small business owners don’t know where to start when it comes to determining the value of their business. “And there’s a whole segment of business owners who are a little too small for a full-service brokerage,” he said, noting some brokerages charge a minimum of $15,000 plus legal and accounting fees to navigate a sale. That means a business valued at no m...