Contact Broker
154 Severn Street,
Mobile, Alabama 36608
(View Map)
About the Company
Corrigan & Co. is a Mobile, Alabama-based Business Brokerage that serves the Gulf South area.
Corrigan & Co. is affiliated with Sunbelt Business Brokers of Mobile, Fairhope & Gulf Shores. All real estate is offered through Sunbelt.
We help first, second and third generation business owners find the right owner to continue operation of the businesses they have worked long and hard to establish.
Broker Biography
Introduction
Richard Corrigan is the founder of Corrigan & Co., a graduate of the University of Virginia; the University of Alabama School of Law and Spring Hill College Masters in Business Administration program. He is a lifelong resident of Mobile, Alabama.
Richard has been a twenty year owner of a multi-million dollar sales per year family industrial foundation business, and is well versed in the issues which face small, mid-size and larger businesses. As an attorney who practiced for over 30 years, Richard takes client confidentiality very seriously and will treat your transaction with the utmost professionalism and privacy.
Richard was accredited in 2018 by the American Business Brokers Association as both a Senior Business Broker and Senior Valuation Analyst. He currently holds an Associate Broker license to sell real estate in the state of Alabama.
Richard may be reached at Richard@Corriganbiz.com or Richard@SunbeltBroker.com. His cell number is (251) 604-8220.
Services Provided
The first step in marketing a business for sale is always to establish a sales price. For most businesses, this will be a calculation based upon a measure of the firm’s profitability using either EBITDA or SDE. The importance of well kept books and tax returns that readily identify owner's benefits can not be overstated.
EBITDA is an acronym meaning Earnings Before Interest Taxes Depreciation and Amortization. This is a fairly straightforward calculation and attempts to determine the cash profit generated by a company’s operation.
SDE is the Seller’s Discretionary Earnings. This is the measure of the earnings of a business and is the most common measure of cash flow used to value a small business. In order to determine SDE, the net taxable profit of the business is used as a baseline and things that are financially beneficial to the owner of the business are added to the net taxable profit. These add backs may include the owner’s compensation, interest payments, depreciation and amortization, as well as discretionary expenses, such as automobile expense, cell phone, meals, entertainment, and travel. Additionally, extraordinary and non-recurring expenses such as the settlement of a lawsuit for instance are added back to the calculation. Once the SDE is determined, the next step is to determine the appropriate multiple of this value.
Since the1990's, several databases have been developed which track private business sales in the United States. When these sales are categorized by NAICS code, you can compare sales across industry types and across the United States to give a fairly accurate calculation of what a business may sell for.
Sales prices may be compared to these measurements in a number of different ways, generally as multiples of EBITDA or SDE, or Sales Price to annual revenue. The process then becomes: 1) calculate EBITDA or SDE; 2) determine an appropriate multiplier and 3) arrive at the sales price.
This is the basic valuation of a business.
Areas Served
Professional Affiliations
American Business Brokers Association
Business For Sale Listings
Cash Flow: $505,000
Mobile, AL
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An exceptional opportunity to acquire a well-established urgent care practice serving the Mobile, Alabama area. This high-performing clinic operates from a modern, state-of-the-art facility and has built a strong reputation for delivering fast, high-quality, and compassionate care. Backed by a loyal patient base, streamlined operations, and a skilled clinical team already in place, this turnkey business is poised for continued success and expansion. Less
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View Details Pharmacy for Sale!!
Long standing traditional pharmacy established in 1958 in a prime location. Has provided a very comfortable living for many years. Prime location on a major thoroughfare with high traffic count.Longstanding customer relationships developed over decades. Less
