Contributor: Peter Siegel, MBA | July 22, 2010
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| Gas station for sale in California news: If you've ever conducted even a single search on BizBen, you see virtually every kind of business for sale by category every day. But very few of them actually provide opportunities for the savvy buyer to have another company help them enhance the property once the sale goes through. With the WRAP program, buyers of gas stations now have incentives to purchase a California gas station. |
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Contributor: Jane Navas | July 21, 2010
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| Selling a preschool - much like your purchase of or starting the business - is an undertaking that requires substantial preparation. The planning of the sale of your business is equally as important as starting and growing your business. Jane Navas and Beverly Murdoch with PreSchool Sales explain how to sell a preschool. Jane can be reached at 760-598-9401, 760-622-5902 and Beverly can be reached at 760-529-3997. |
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Contributor: Tawnya Gilreath, CBB | June 23, 2010
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| Tawnya Gilreath a Los Angeles area business broker explains why earnest money deposits serve two purposes. First, they show the Seller that you are serious about buying the business. Secondly, in the event that you as the Buyer default on the purchase agreement after due diligence and other contingencies have been removed, the earnest money deposit typically serves as liquidated damages to the seller. |
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Contributor: Peter Siegel, MBA | June 23, 2010
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| Think selling a small business today is like it was, say, 20 months ago? Much has changed in the economy and in the small business marketplace. And a seller should follow these six principles to achieve success when selling a small business. |
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Contributor: Cyrus Safavian | June 22, 2010
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| If you have been considering starting a new business, or purchasing an existing business, you have probably been considering first how to capitalize your investment. Did you know you could use your retirement funds to finance a business without having to pay taxes and penalties? Enter a new form of business financing that relatively few are familiar with today- 401(k)s, IRAs and other tax deferred retirement plans. Cyrus Safavian walks you through the process of financing utilizing your retirement funds. |
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Contributor: Steve Fitzgerald | June 22, 2010
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| Most owners of privately owned businesses realize that the value of their business is strongly influenced by the earning power (profitability) of the business. With the economic conditions that have prevailed for the last many months, the market value of most privately-owned businesses are lower today than perhaps they were a year and a half to two years ago. San Diego Area based business intermediary Steve Fitzgerald with Acquisition Services Group discusses his thoughts on the this subject. |
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Contributor: Christina Lazuric | June 21, 2010
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| When you first start out in business brokering, you’re aware of the statistics of failure. 90% failure rate is intimidating so one can assume that for someone to even attempt to get into the business they have to be aggressive, confident and determined. In the beginning you’ll take almost any kind of listing to get your business moving but over time you realize the sense in being a little more discriminating. Christina Lazuric, an Orange County business broker warns about listening to your gut before taking on a new listing. |
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Contributor: Peter Siegel, MBA | June 21, 2010
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| The new decade brings a new set of realities for entrepreneurs who want to know how to buy a business. Successful buyers will be those who understand and adapt to these realities. |
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Contributor: Peter Siegel, MBA | June 15, 2010
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| Should business opportunity offering include the real estate? There are no right or wrong answers to the question about whether the seller of a business should include the real property, or sell the company only and continue on as the landlord/lady. This question was posed to our panel of experts and we got a diverse range of suggestions and ideas, demonstrating that the solution to this puzzle depends on circumstances and requirements of the parties. |
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Contributor: Chuck Post | June 15, 2010
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| Buying a coin laundry like other types of small business purchases has its nuances. Chuck Post a business broker specializing in assisting those selling and buying coin laundries shares his knowledge with coin laundry buyers. |
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Contributor: D. Joe Atchison, CBI | June 10, 2010
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| This list of 21 factors determines the salability and value of a business being sold. This article by D. Joe Atchison, CBI, CBB, CPA, MBA examines many crucial points in determining what your business may sell for and its valuation amount in the current marketplace depending on 21 key factors! |
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Contributor: Peter Siegel, MBA | June 7, 2010
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| Recognizing that 70% of the small and mid-market-sized businesses offered to buyers are never sold, and that some of the obvious reasons - over-pricing, inadequate records, insufficient lease - have been discussed in detail, it might be useful to point out lesser- known problems, often resulting from errors made unknowingly when attempting to sell a business. |
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Contributor: Christina Lazuric | June 7, 2010
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| Christina Lazuric, Business Broker and Principal with California Business Brokers explores why owners of small businesses throughout California elect to sell their business. Reasons vary but Christina does a nice job of outlining the main causes for an owner to put their business on the market. |
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Contributor: Peter Siegel, MBA | June 7, 2010
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| If you have that American dream about being self employed, perhaps by buying a small business for sale, you should know that not everyone is suited for a career as an entrepreneur. Before taking the steps toward business ownership, you can ask yourself three questions designed to help reveal whether you have the characteristics needed to be successful as your own boss. |
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Contributor: Peter Siegel, MBA | June 7, 2010
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| The current economy may be tough for many individuals who are looking, without much luck, for work that will get some money coming in again. But for franchisors who offer an alternative to the headaches and insecurities of corporate employment, business is on the rise. |
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Contributor: Peter Siegel, MBA | June 5, 2010
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| In the controversy over how best to get into business ownership - buy an existing enterprise or start from scratch - the most important and most overlooked aspect is whether you can "take it to the bank." |
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Contributor: Peter Siegel, MBA | June 5, 2010
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| A BizBen blog reader emailed me this question a few days ago: "I am starting due diligence this week on buying a cocktail bar With a 48 license what should I be asking for, thinking about, watching out for? Is there a list of items I should ask for?" I posed this question to several qualified business brokers, agents, and advisors and they offered several great suggestions and ideas for this buyer to consider. |
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Contributor: Ron Hottes | June 5, 2010
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| Many times when buying a business there are reasons why buying stock or buying assets is the better business decision. Ron Hottes explores the advantages and disadvantages from a business buyer's perspective. |
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Contributor: Peter Siegel, MBA | June 4, 2010
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| Our BizBen Panel of Experts was consulted on a problem posed by a visitor to our site, who asked what to do about selling her flower shop, considering that she has a manager who is interested in buying it and would be good at running it, but lacks the funds to make that happen. |
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Contributor: Peter Siegel, MBA | June 4, 2010
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| What the seller of an interesting business will accept, what his "hot buttons" are, what they are willing to negotiate about; these are all facts that come to light when an offer is made. The way to find out what it takes to buy a business and to be taken seriously by the selling and brokerage community is to make an offer. |
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Contributor: Tawnya Gilreath, CBB | June 3, 2010
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| There is no "one size fits all' answer or solution in business transactions. That is part of the challenge. Every business is unique as is every Buyer and every Seller. Tawnya Gilreath explores the issue of month to month leases in this blog/article. |
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Contributor: Peter Siegel, MBA | June 3, 2010
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| Over the last ten years or so, the number of pet related "box-store" retail and franchise businesses has exploded. Not only have industry earnings estimates improved every year for the last decade in the pet related industry, but new pet related businesses and concepts continue to turn up everyday. Peter Siegel discusses the different areas of pet franchises business buyers may be interested in. |
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Contributor: Peter Siegel, MBA | June 3, 2010
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| Only 30% of all California Businesses for sale that are put on the market are sold! A surprising statistic to most owners, agents, and business brokers trying to sell a California business! If however you follow the steps and tips below (and follow the "TICC Method" of selling a California business) your chances of selling dramatically increases! |
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Contributor: Ron Hottes | June 3, 2010
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| As the country continues to struggle with the ups and downs of the economy, and California sees its way through a troubling budget, many things are being forced to change. One change that is emerging from the challenged business brokerage industry is several new types of business buyers many business brokers and agents are now seeing. Ron Hottes (business broker in Southern California) discusses the traits of these business buyers. |
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Contributor: Jeff Back | June 3, 2010
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| Checking a restaurant's Karma before buyinig can make a big difference not only in the success of the restaurant but also its possible effect on valuation. Jeff Back, a business broker specialist who specializes in selling restaurants discusses what he looks for when sizing up a potential restaurant for sale. |
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Contributor: Willard Michlin, CPA | June 2, 2010
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| The buyer of a small California business needs three experts on his or her team when conducting due diligence. What are their functions and how do they carry out their work in the case where a seller's statements about the company's earnings cannot be proven? Here are some insights that will be useful for someone engaged in, or planning to conduct due diligence. |
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Contributor: Peter Siegel, MBA | June 2, 2010
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| When examining franchise opportunities to purchase, one helpful trend to look for in any franchise concept is how well the franchise adapts to any form of change. With this in mind, at no time are innovative franchise actions more significant than during economic slowdowns. Following are some examples of situations where franchises have found continued success through some inventive and inspired means/relationships. |
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Contributor: Peter Siegel, MBA | June 2, 2010
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| The population of qualified buyers for small California businesses has grown dramatically over recent months, with corporate layoffs releasing thousands of business-savvy people with cash and borrowing resources into the market for companies they can buy and manage. A well-run organization with a history of profitability, in a business that doesn't require advanced university degrees to understand and operate, is exactly what these buyers want. |
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Contributor: Ash Rasaei | June 2, 2010
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| Making the transition from worker bee to small business owner involves a great deal of time, effort, money, and personal commitment. It is not a decision to be made hastily nor taken lightly. There are certain questions you need to ask and certain elements to consider, with every step along the way a potential pitfall. Ash Rasaei with Prudens Business Advisors discusses what first time buyers should know before buying a small business. |
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Contributor: Peter Siegel, MBA | June 2, 2010
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| First the dreaded statistic: 80% of all buyers looking to buy a small to mid-sized business in California never end up doing so! A shocking statistic to most buyers of businesses. Below are some helpful hints so that you are become a successful buyer and not become a participant of the 80% statistic. |
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Gas Station For Sale In California News - Make It A WRAP
