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How Escrow Protects A Business Sales Transaction
How Escrow Protects You In A Business Transaction
In dealing with business sales, often times the Seller or the Buyer will ask about the use of an escrow company. The seller may say, Why can't the buyer just pay me cash or give me a cashier's check? This blog post covers why utilizing an escrow service is so important in selling a small business.  By Peter Siegel   View All Peter Siegel Blog Posts
SBA Loan Purchasing A Business
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 Peter Siegel   View All Peter Siegel Blog Posts
Do Not Make It Hard To Buy Your Business
Owners - Do Not Make It Hard To Buy Your Business
Successful business sellers need a game plan to sell their California small business for maximum price and for the best terms. Peter Siegel, MBA discusses these strategies with BizBen Blog readers.  By Peter Siegel   View All Peter Siegel Blog Posts
How to Sell Your Business
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
Buying A California Food Truck Business
Buying A Food Truck Business Opportunity: 5 Things To Consider
Buying a food truck is an option to consider if you want to get into the food service business. With food trucks growing in popularity, they are quickly becoming a viable alternative to buying a traditional brick and mortar restaurant and using it as a vehicle to get your food out to the masses.  By Peter Siegel   View All Peter Siegel Blog Posts
Emotional Side Of Selling A Business
Selling Your Business - The Emotional Side Of Business Brokering
The first broker I ever worked for said, "Every deal you have will die at least 5 times before it closes. How you handle that, will determine whether you can survive doing this for a living." As I enter my 11th year doing this, I still smile at that memory because it is as true today as it was then.  By Christina Lazuric, CBI   View All Christina Lazuric, CBI Blog Posts
Accounting And Financial Statements Selling Your Business
Preparing Your Business For Sale: Accounting And Financial Statements
The first thing you should start working on when selling your business is getting your financial statements in order. Having correct, easy to read, simple financial statements that follow generally accepted accounting principles (GAAP) is the first step to getting your business ready for sale.  By Craig Osterhoudt   View All Craig Osterhoudt Blog Posts
Selling A Home Based Business
5 Tips To Help You Sell Your Home Based Small Business
Unlike a traditional brick and mortar business, selling a home business requires more finesse on the part of the seller. You really need to do your due diligence and prepare the business to be sold in order to make it attractive to a buyer. Here are my tips to achieving a successful sale.  By Peter Siegel   View All Peter Siegel Blog Posts
3 Reasons Sellers Do Not Sell Their Busiiness
3 Poor Reasons Why Sellers Do Not Offer A Business For Sale In Good Economy
With the economy in growth mode, many owners of small companies who are ready to retire or invest in another enterprise would be smart to offer their business for sale. But some insist on hanging on as owner just a little bit longer. And that might be a mistake. Three reasons people make this error.  By Peter Siegel   View All Peter Siegel Blog Posts
The Steps in Selling a Business With A Business Broker
The Steps In Selling A Business With A Business Broker
Ron Hottes walks you through the steps in selling a business through a business broker. It all starts with: An initial meeting between the Business Owner (Seller) & Seller's Broker where the selling process is explained and a free valuation is used to determine the value of the business.  By Ron Hottes   View All Ron Hottes Blog Posts
When And How To Tell Employees When Selling A Business
Selling A Business: When And How To Tell Employees
Lee Petsas a Southern California business broker writes about his experiences relating to when to tell employees the business is for sale or has been sold.  By Lee Petsas   View All Lee Petsas Blog Posts
First Impressions When Selling A Business
Sellers: First Impressions Are Critical When Selling A Small Business
First impressions are critical when selling a business - ask any potential business buyer. Peter Siegel, Founder Of BizBen explains why all potential small business sellers need to make sure that first impression is a good one.  By Peter Siegel   View All Peter Siegel Blog Posts
5 Tips When Selecting A Business Broker
5 Best Tips When Choosing A Business Broker When Selling Your Business
Most owners know that when choosing a broker to help sell your business, it's good to find out about his or her background and maybe get some references of people who've worked with the professional. Before signing a listing agreement, it helps to know these extra things about the business broker.  By Peter Siegel   View All Peter Siegel Blog Posts
Allocation Of The Purchase Price
Allocation Of The Purchase Price When Selling A California Small Business
There are a handful of key asset categories in allocating or breaking down the purchase price allocation of a business sale. The allocation is required to complete the transaction. Lee Petsas, a Southern California business broker reviews this topic in detail for buyers and sellers of businesses.  By Lee Petsas   View All Lee Petsas Blog Posts
Business Appraisal Common Sense Business Valuations
Creating An Accurate Business Appraisal
Appraising businesses accurately is not an easy task. There are many different methods that can be used along with variations for the purpose of the appraisal. None of these methods, by its self addresses the total value of a business. Business appraiser Bob Klein explains his views and experiences.  By Bob Klein   View All Bob Klein Blog Posts
Where Is The Value Of A Coin Laundry
Where Is The Value Of A Coin Laundry
The coin laundry is an all-cash, necessity of life service business. What could be better? Yet, understanding how the business justifies such a high purchase price is baffling. In fact, many times the value is so misunderstood that it results in investors over-paying. Sometimes grossly over-paying.  By Chuck Post   View All Chuck Post Blog Posts
Determine Whether Business Buyer Is Sincere
How To Determine Whether The Buyer For Your Business For Sale Is Sincere
A problem owners encounter when offering a California business for sale is that not all so-called buyers are qualified to make the purchase. It's frustrating and costly to waste time showing non-qualified buyers the business. Here are ways to identify time wasters so the focus is on real buyers.  By Peter Siegel   View All Peter Siegel Blog Posts
Selling Your Laundry Business
How To Sell Your Laundromat And Not Get Taken To The Cleaners!
Laundromats and coin operated Laundromats are popular choices among business buyers as they often can be successfully run as an absentee run business. You need to be strategic about when you sell your Laundromat so you don’t get taken to the cleaners by a buyer and so that you maximize your profits.  By Peter Siegel   View All Peter Siegel Blog Posts
Lease Agreements When Selling A Business
Selling A Business With A Month-To-Month Lease
Depending on the type of business being sold, a month-to-month situation can be severely detrimental to the value of the business. Peter Siegel, Founder of BizBen explores the issue of month to month leases in this blog/article.  By Peter Siegel   View All Peter Siegel Blog Posts
Broker Cooperation Selling A Business
Before You Select A Business Broker - Do They Co-Broker?
To receive the fullest exposure for selling their business, small business owners should make sure their listing broker is co-operating with other business brokers and agents. Christina Lazuric a Southern California business broker discusses this topic.  By Christina Lazuric, CBI   View All Christina Lazuric, CBI Blog Posts
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