Michael D'Elicio

Business owner reviewing risks of first inbound offer when selling a company

Don’t Trust the First Inbound Offer to Buy Your SaaS Business – It Can Cost You Millions

“I already have a buyer.” I hear this all the time from software founders. And I get it. It feels like the hard part is over. Someone approached you directly (a buyer with an inbound offer), said they were interested, and, maybe, even praised your product. You’re flattered, they’re asking smart questions, and you’re thinking,

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Business owner completing due diligence checklist before selling

What’s Involved in a Technical Due Diligence Process?

When preparing to sell a SaaS business, founders often prioritize financials and customer metrics, and rightfully so. Just as critical to a successful and timely sale, though, is the technical due diligence process. This comprehensive audit offers prospective buyers a detailed view into your technology stack, infrastructure, product development lifecycle, security posture, and more. Failing

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Selling a SaaS company with legacy code and technical debt considerations

How to Sell Legacy-Code SaaS for a Premium, Even With Technical Debt

Somewhere in every founder’s mind lurks the fear that a sprawling, 10-year-old codebase will drag valuation to the floor. How? By reframing technical debt from price-killer to value-creation blueprint. If you own a software company generating $2 million–$20 million in annual revenue and are starting to consider an exit, this playbook shows how to: Anticipate

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Handshake symbolizing a successful business sale and closing deal

Business Broker Fees Explained: How to Secure the Highest Price (Not Just Offers)

Are you thinking about selling your business and curious about how business broker fees work? If you’re looking to maximize your sale price rather than simply entertain offers that may never close, you’re in the right place. In this article, I’ll clarify exactly how my no-retainer, success-based model operates, why it filters out unserious buyers

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The right time to sell a business depends on the owners state of mind

When Is the Right Time to Sell Your Business? A Comprehensive Guide to Maximizing Value and Achieving a Lucrative Exit

Deciding the right time to sell your business is one of the most significant professional and financial steps you can take. As a business owner, your company likely represents not only your livelihood but a substantial portion of your personal wealth. The decision on when to sell is therefore critical. Many entrepreneurs hold onto their

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Group discussing asset purchase agreement

Why Deal Terms Matter More Than Valuation When Selling Your Business

The Importance of Deal Terms in Business Sales As a business owner, you’ve spent years building your company, overcoming challenges, and creating a profitable operation. Now, whether you’re facing retirement, experiencing burnout, or dealing with personal matters, you’re ready to consider a sale, making it essential to evaluate the deal terms carefully. With a company

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Business buyer and seller finalize purchase agreement

Benefits of Using a Skilled Broker to Sell Business in $5M-$25M Transactions

Selling a business is a monumental decision that encapsulates years—sometimes decades—of hard work, dedication, and personal investment. The stakes are particularly high for businesses valued between $5 million and $25 million. These lower middle market enterprises are substantial enough to attract serious buyers but often fall into a niche where the services of a full-scale

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