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BizBen Blog Posts And Articles On Buying And Selling California Businesses
Find all BizBen blog posts and articles regarding buying, selling, and valuing small to mid-sized California businesses. New blog posts and articles are added daily - make sure you return everyday to get your fix of new information.
Last Month Set Year's Record for Business Sales
With a total of 1,298 small and mid-sized businesses sold, July was the most active month yet this year. By contrast, there were 1,075 completed deals in July 2009. The prime reason for the volume of transactions last month was the delay in a number of sales scheduled for June closing. By Peter Siegel View All Peter Siegel Blog Posts
Janitorial Cleaning Business Buying Tips For Buying Janitorial Businesses
The entrepreneur interested in buying a janitorial cleaning business will find companies in this industry for sale that are quite profitable. Careful due diligence, including the six factors covered here, is advised before completing a deal for this kind of business purchase. By Peter Siegel View All Peter Siegel Blog Posts
SBA Incentives Lead To Nearly $30 Billion In Small Business Loans
In a recent press release, the SBA said it has received a total of $730 million under the ARRA (American Recovery and Reinvestment Act) passed by Congress on Feb. 17, 2009. The funds have helped the SBA boost lending with incentives to borrowers, such as waiving loan fees, and to lenders, by guaranteeing up to 90% of the loans they provide to small businesses. Peter Siegel, MBA President of BizBen chats about recent SBA loan proposed legislation. By Peter Siegel View All Peter Siegel Blog Posts
US Senate Considering Extension Of SBA Lending Incentives
A bill to extend the popular incentives that helped boost lending for small business acquisition and expansion last year and earlier this year may be passed by the US Senate. Among other things, the legislation is intended to waive loan fees and provide lenders with up to 90% guarantee under the SBA 7(a) and 504 loan programs. Do you know of any SBA lenders who are doing loans for business acquisitons? Let me know your recent experiences concerning this important piece of deal making when trying to finance a business purchase. By Peter Siegel View All Peter Siegel Blog Posts
Gas Station For Sale In California News - Make It A WRAP
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. By Peter Siegel View All Peter Siegel Blog Posts
Business Broker Series Opens On BizBen Talk Radio With Christina Lazuric
Launching our business broker series on BizBen Talk Radio, we heard some great advice and interesting "war stories" from Christina Lazuric, of California Business Brokers. She answered a number of questions covering a full range of topics, such as what it takes to be a business broker. And she offered her insights and ideas dealing with specific issues. By Christina Lazuric, CBI View All Christina Lazuric, CBI Blog Posts
How to Buy a Coin Laundry Explored on BizBen Talk Radio
With 25 years of experience buying, selling, valuing, retooling, analyzing and giving expert court testimony about coin laundries, Chuck Post is one of the nation's leading experts in the field. His guest appearance on BizBen Talk Radio provided a great deal of information for anyone considering the purchase of a coin laundry. By Chuck Post View All Chuck Post Blog Posts
Seller Expectations With SBA Loan Financing
It is not uncommon for Sellers to get uncomfortable when a Buyer requires a loan to purchase the Seller's business. Often times Sellers will say "the Buyer is the one getting the loan; why am I the one under the microscope?" By Tawnya Gilreath, CBI, CBB View All Tawnya Gilreath, CBI, CBB Blog Posts
Tips on Selling a Small Business in 2010
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. By Peter Siegel View All Peter Siegel Blog Posts
Borrowability Can Be the Key to Deciding How to Become an Entrepreneur
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." By Peter Siegel View All Peter Siegel Blog Posts
Buying A Franchise - Pros and Cons
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. By Peter Siegel View All Peter Siegel Blog Posts
Want To Be In Business For Yourself? Take This Test
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. By Peter Siegel View All Peter Siegel Blog Posts
Experts Panel - Employee Financing Ideas For Owner Buy Out
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. By Peter Siegel View All Peter Siegel Blog Posts
Pet Option Franchise Possibilities For Franchise Buyers
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. By Peter Siegel View All Peter Siegel Blog Posts
Resourcefulness A Great Characteristic In A Franchise
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. By Peter Siegel View All Peter Siegel Blog Posts
How To Get Business Brokers To Return Your Call
A great article explaining one of the top reasons business buyers may not get a return phone call from business brokers and agents is because of their approach.
Biggest Complaints About Sellers, Buyers, & Brokers
Selling or buying a small to mid-sized business is serious business so BizBen took a recent survey about three groups important to the process of buying/selling a business: small business owners/sellers, business buyers, and business brokers & agents. By Peter Siegel View All Peter Siegel Blog Posts
Evaluating Residential Care Homes To Buy
Described in various ways, as licensed care homes, assisted living properties and residential care facilities, these enterprises can be very profitable and offer substantial potential for growth as the market for their services expands. By Peter Siegel View All Peter Siegel Blog Posts
Using Vendor Financing For Business Purchases
Vendor financing is one option in the quest to buy a small business. With SBA financing getting more difficult these days, vendor financing is one possibility for business purchase financing. By Peter Siegel View All Peter Siegel Blog Posts
Can You Sell My Business Without Telling Anyone It's For Sale?
Maintaining confidentiality is not a simple task. It is a complex, interlocking process that has to be methodically practiced. The methodology that we believe most successful in maintaining confidentiality is using a business intermediary, an attorney, CPA or some other third party to act as a filter between the owner of the business and the prospective purchasers. By Peter Siegel View All Peter Siegel Blog Posts
Size Matters In Valuing A Business
I hear lots of interesting observations and questions about the value of businesses. Recently a business owner said to me, “Peet’s Coffee, (Nasdaq: PEET) trades for 20 times earnings, so should I be able to sell my Mike’s Coffee Emporium for that?” It’s a great question. Besides brand recognition and the liquidity of public vs. private company shares, size is the obvious difference between Peet’s and Mike’s. So how much does the size of a company and its earnings affect valuation multiples? Quite a lot as it turns out. Al Statz, business broker in the North Bay covers this issue. By Al Statz CBI, CBA, MBA View All Al Statz CBI, CBA, MBA Blog Posts
Future Listing and Sales Activities: Predictions & Opinions From Industry Experts
Concluding one of the slowest summers in memory, in terms of the number of completed deals and new listing activity (total August 2009 sales of 997 businesses represented a 40% drop compared to the 1,722 deals concluded in August, 2008), we wondered if the fall will bring more activity to California’s market of small and mid-sized businesses for sale. So, we asked our Panel of Experts to give us their insight about what we can look forward to in the months ahead. By Peter Siegel View All Peter Siegel Blog Posts
Coin Laundries For Sale - What Buyers Need To Know
Coin operated laundry for sale (also referred to as a Laundromat), which typically can yield a 20% to 30% profit (before taxes, interest, depreciation and amortization) on gross revenues to the owner. By Peter Siegel View All Peter Siegel Blog Posts
Biggest Complaints Regarding Business Buyers
Have the results back from surveying business buyers, business owners/sellers, and business brokers and agents about what annoys them most about the other participants in a deal. Some information was inevitable some was surprising. By Peter Siegel View All Peter Siegel Blog Posts
