Home > BizBen Blog Posts & Articles
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.
Buying a Smog Test Only Shop? 10 Big Questions To Ask
Thinking of buying a smog test only shop? Know the 10 big questions before proceeding. Willard Michlin, CPA and Due-Diligence Expert/Consultant explains what you need to know about buying and selling California smog test shops before actually buying one. By Willard Michlin View All Willard Michlin Blog Posts
Are You Ready To Buy A Laundromat?
Steve Erlinger, a laundromat business broker discusses tips on buying a laundry. He also discusses various options for financing a laundry purchase. Options include retirement funds, line of credit on your home, SBA loans etc. Being prepared is the key - getting pre-qualified for financing is best. By Steve Erlinger View All Steve Erlinger Blog Posts
Business Acquisition Financing With Equity Sharing
Most business acquisition financing strategies involve borrowing money to meet the purchase price. But an entirely different approach, equity sharing, is sometimes pursued if borrowed money is not wanted, or is not available to complete the purchase. Peter Siegel, MBA - BizBen.com covers this topic. By Peter Siegel View All Peter Siegel Blog Posts
Moneymaking Convenient Stores For Sale - Finding The Best Location
Trying to pick the best convenient stores for sale? Learn how to find convenient stores for sale with high traffic, profitable locations to maximize your investment. Peter Siegel Director of the ProBuy & ProSell Programs and BizBen Founder explores this issue regarding buying convenence stores. By Peter Siegel View All Peter Siegel Blog Posts
How To Find The Right Southern California Coin Laundry - A Buyers Guide
The coin laundry industry is nearly 50 years old and most laundries are operated by individual owners. Mike Hurrell with Golden State Laundry Systems discusses how to buy a coin laundry. Topics include financing a coin laundry, what to look for, what types of laundries are available in Southern CA. By Mike Hurrell View All Mike Hurrell Blog Posts
Finding A Dry Cleaner For Sale That Will Be A High Performer
Before you buy a California dry cleaners for sale, read these crucial tips. Discover why a dry cleaner for sale needs to be "green" to be profitable. Peter Siegel, MBA explores this topic and other helpful tips and strategies on finding and buying a successful California dry cleaner. By Peter Siegel View All Peter Siegel Blog Posts
Should Owners Hire Agents To Sell Business Listings?
Owners often ask agents to sell business offerings for them. It's usually more difficult than selling houses when working to find a buyer for a business, to satisfy contingencies and close escrow. Business sales intermediaries—either agents or brokers—may want large fees, but often are worth it. By Peter Siegel View All Peter Siegel Blog Posts
How to Sell Your Business - Tips For Selling Your California Business
Peter Siegel, MBA with the BizBen ProSell Program discusses the steps recommended to prepare a business for sale including cleaning and repairs, gathering paperwork and preparing an exit strategy. It emphasizes the importance of working with professionals and getting the right buyers interested. By Peter Siegel View All Peter Siegel Blog Posts
The Differences Between Franchising And Licensing
Franchising and licensing as a means of expanding a business are often confused with one another. However, franchising and licensing come from two distinct areas of the law. Franchising is based on securities law and licensing is a form of contract law. Geoffrey Hassan explains the differences. By Geoffrey Hassan View All Geoffrey Hassan Blog Posts
Buying A Fast Food Franchise: Subway vs Quiznos
Today there are a lot of big competitors in the fast food franchise industry and one of the largest is Subway. Both Subway and Quiznos have entered a highly competitive industry and made a place for themselves. So in the battle of fast food franchises, Subway vs. Quiznos, who would win? By Peter Siegel View All Peter Siegel Blog Posts
What Are Business Buyers Biggest Mistakes?
A potential business buyer in our ProBuy Program searching to buy a California business asked me to sum up what I though the biggest mistakes business buyers make when they searched and bought a business. I asked several BizBen resources their thoughts on the matter and received a diverse response. By Peter Siegel View All Peter Siegel Blog Posts
Due Diligence - Buyers Role When Buying A Coin Laundry
What is the extent of the buyer's obligation to investigate a business before purchasing it? Chuck Post a specialist in assisting buyers and sellers with coin laundries in California explores his views on laundry due-diligence. By Chuck Post View All Chuck Post Blog Posts
How To Use Retirement Plan Funds To Buy A Business
To understand the pros and cons of diverting funds from your 401(k) retirement plan towards the purchase of a business, it is first necessary to brush up on some investment basics. Before approaching the issue of using a 401(k) to buy a business, let's take a quick look at stocks and bonds. By Peter Siegel View All Peter Siegel Blog Posts
Interpreting Reported Earnings From Sellers
Peter Siegel, MBA Founder of BizBen and the BizBen ProBuy, ProSell Programs discusses interpreting reported earnings from sellers through tax returns, financial statements and other means when buying a small to mid-sized California small business. By Peter Siegel View All Peter Siegel Blog Posts
Six Seller Secrets - Avoid These Errors When Selling A Business
Recognizing that 70% of the California 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. By Peter Siegel View All Peter Siegel Blog Posts
Using Rules Of Thumb To Value A California Small Business
Many business buyers try to use a rule of thumb to value a business. This is a valuable tool but if you actually try to purchase a business based on it, you are sure to regret it later. Willard Michlin, CPA discusses rules of thumb issues when buying a California business. By Willard Michlin View All Willard Michlin Blog Posts
Selling A Business Online - Common Mistakes To Avoid
Selling a business online, while often effective for finding the right buyer, is a strategy sellers need to execute correctly in order to be successful. That means avoiding the six common mistakes made by sellers. Peter Siegel, BizBen Founder talks about what it takes to effectively sell a business. By Peter Siegel View All Peter Siegel Blog Posts
Buying A California Franchise For Sale
Buying a franchise? Peter Siegel with BizBen explores pros and cons of whether to purchase a new or existing California franchise. This blog post goes on to summarize franchise fees, the FDD and other information that needs to be considered when considering a California franchise purchase. By Peter Siegel View All Peter Siegel Blog Posts
Good Management Beats A Good Location When Buying A Restaurant
It's not just a good location when buying a restaurant. What makes a difference time and time again is the difference in management. Good management is the key to success. Jeff Back, restaurant sales specialist in the San Francisco Bay Area discusses this topic. By Jeff Back View All Jeff Back Blog Posts
7-Eleven Franchises For Sale: Are They A Good Investment?
7-Eleven franchises are one of the biggest names in the convenience store industry. Established in 1927, there are now more than 8,500 7-Eleven franchises across the U.S. & Canada giving them a substantial portion of market share. So with so many locations, is a 7-Eleven franchise a good investment? By Peter Siegel View All Peter Siegel Blog Posts
Due Diligence Checklists - 10 Things to Investigate When Buying A Business
Buying a California business involves reviewing due diligence checklists so buyers can learn enough to determine whether to proceed with a deal. Here's a due diligence checklist of the items a buyer should request for review, and sellers should plan to make available for a serious purchaser. By Peter Siegel View All Peter Siegel Blog Posts
How Do I Sell My Business Without Getting Sued
A question sellers ask: how do I sell my business without getting sued, isn't a subject just for discussions with lawyers. A seller can take some precautions to reduce potential legal problems. Peter Siegel, MBA Founder Of BizBen and BizBen.com's ProBuy and ProSell Programs discusses this topic. By Peter Siegel View All Peter Siegel Blog Posts
Can Your California Business Be Franchised?
Can Your Business Be Franchised? My job is to educate business owners and give you sufficient information to make an informed decision about franchising, and whether or not franchising should be a part of your business plan. Geoffry Hassan covers key components if your business is franchisable. By Geoffrey Hassan View All Geoffrey Hassan Blog Posts
What You Should Know About Dual Agents In Buying A Business
Should brokers and agents be allowed to represent both the buyer and seller in a transaction?Doesn't California civil code require that when there is only one agent in a deal, that the agent is required to be a dual agent? These are the questions that I would like to address in this article. By Willard Michlin View All Willard Michlin Blog Posts
Pizza Restaurant For Sale Tips: What You Need To Know
Peter Siegel, MBA discusses buying pizza restaurant for sale tips and what to watch out for. Topics: Owner involvement in the business as pizzerias are most successful when the owner is onsite. Also discussed is the importance of location and reviewing all financial and tax information. By Peter Siegel View All Peter Siegel Blog Posts
Bob Klein Discusses: Creating An Accurate Business Appraisal
Bob Klein, a California business valuation specialist discusses the wide variations of methods and accuracy of small businesss appraisals of California businesses sold and purchased he has encountered over the years. He discusses his business valuation methodology when evaluating an appraisal. By Bob Klein View All Bob Klein Blog Posts
Working With The ABC - Inside Look At Liquor Licenses
A restaurant and bar specialty business broker gives us the inside look at California ABC liquor licenses - tips you won't find in an official manual! Jeff Back a Northern California restaurant/bar specialty broker covers the topic of liquor licenses and working with the ABC. By Jeff Back View All Jeff Back Blog Posts
Are You Making Money In Your Laundry Investment?
Serving California laundry owners and investors, I am afforded the opportunity to see and analyze why various laundries make or lose money. Time and time again my associates and I work with our laundry clients analyzing what the true value of their laundry is and what can be done to improve it. By Chuck Post View All Chuck Post Blog Posts
Successor Liability When Buying A Business
A major concern of anyone buying a business should be whether or not they will be exposed to any of the seller's liabilities. California Attorney Joe Sandbank covers in this BizBen Blog: Stock Purchase vs an Asset Purchase, Public Policy Exceptions, Failure to Comply with Bulk Sale Laws, and Taxes. By Joe Sandbank View All Joe Sandbank Blog Posts
KFC VS Popeyes: Which Fast Food Franchise Is The Better Investment?
KFC vs. Popeye's. These two companies own a large portion of the market when it comes to fast food franchises that specialize in fried chicken. If you are looking to get into this market, you have to decide between these two franchises. So, which fast food franchise is the better investment? By Peter Siegel View All Peter Siegel Blog Posts
