The Secret Life of Business Brokers: What They Don't Tell You About Selling Your Compan with Sherrye Coggiola

What happens when disaster destroys a successful business? For Sherrye Coggiola, Hurricane Helene's devastation of her 15-year restaurant venture became an unexpected doorway to a new entrepreneurial chapter as a business broker with Transworld of Western North Carolina.

Sherrye unveils the true mechanics of business valuation, explaining why most businesses sell for 1.5 to 3.5 times earnings and how owners can dramatically increase their exit value with proper planning.

The episode delivers practical knowledge about SBA financing for business acquisitions, showing how accessible business ownership can be with the right approach. Sherry's explanation of financial recasting demonstrates why tax returns don't tell the full story of a business's worth. Her real-world example of an electrician who planned to simply walk away from his business but instead received over $500,000 illustrates the life-changing impact of proper exit planning.

Whether you're a current business owner thinking about your eventual exit, someone contemplating entrepreneurship through acquisition, or simply fascinated by how businesses change hands, this episode delivers valuable insights from someone who bridges both worlds. Listen now to discover how proper business transition planning can transform endings into powerful new beginnings.

ABOUT SHERRYE

Sherrye Coggiola resides in the Mountains of the Carolinas with her Husband, Anthony. As a 3rd generation Native of Asheville, Sherrye is looking forward to being a part of the rebuild of the region along with her Husband, who has worked in disaster areas across the world, specifically focused on rebuilding agriculture after tragedy. He is now working with the Episcopal Diocese to assist with the Communities Active in Disaster (COAD) to provide sustainable long-term recovery plans.

Because of her background and connections in the area she would be honored to serve as a board member for Homeward Bound and believes she can assist in bridging the gap in public and private coordination to maximize the good works being done in this area.

Thanks for Listening. You may contact me or our team at https://billgilliland.biz/

All the best!
Bill

Thanks for listening. Please hit the subscribe button, leave us a 5 star review, and share this podcast. You can reach me at [e-mail] or at https://billgilliland.biz/

All the best!

Bill