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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
Working With Business Brokers
7 Ways To Get the Most From Your Business Broker
Chances of success in business sales multiply dramatically when owners and brokers work actively together through the entire process. I find that many automotive owners (and sellers in general) feel so engulfed in running their shops that they do very little to help the broker along the way.  By Brian Loring   View All Brian Loring Blog Posts
Small Business Sales Up August California
California Business For Sale Deals Hit A 5 Year High Says BizBen Index
California business for sale transactions for last month - August hit a five-year high. Transactions are up 32% over the previous August it was reported by the BizBen Index. The number of transactions completed in the month of August this year reached 1,615 compared to the 1,216 in August 2015.  By Peter Siegel   View All Peter Siegel Blog Posts
2016 Small Business Sales California
2016 Projections On Business Sales: Observations From A Business Broker
Christina Lazuric, CBI, an Orange County Business Broker offers her insights on how certain issues will effect 2016 small business sales. Her insights provide an interesting perspective that fellow business brokers, owner/sellers, and buyers should be familiar with.  By Christina Lazuric, CBI   View All Christina Lazuric, CBI Blog Posts
Five Myths About Selling A Business
5 Myths About Selling A Small Business
There are many myths associated with the process of selling a business and some of them can actually cause deals to fall through. Don't let your sale be comprised, be aware of these common misconceptions related to the process of selling your business. Peter Siegel, with BizBen explores these myths.  By Peter Siegel   View All Peter Siegel Blog Posts
Selling Your Business Due Diligence Issues
Selling Your Business: Ensuring Successful Due Diligence
Since the price a business owner receives when he sells his business is directly proportional to the earnings, it is in the owner's best interest to recast the earnings to industry standards to make sure he is maximizing the sale price. Greg Carpenter explains his views in this BizBen blog post.  By Greg Carpenter   View All Greg Carpenter Blog Posts
How To Buy Smog Test Only Stations In California
Buying A Smog Shop - Expert Tips From Smog Shop Brokers And Agents
If you are looking at California smog shops with the idea of buying one in order to have your own business, you'll be pleased to know this type of company can be quite profitable if operated properly. To get the best return on your investment in this business, plan to work as the test technician.  By Peter Siegel   View All Peter Siegel Blog Posts
Earnest Money For A Down Payment
Why Earnest Money Deposit Requirements Can Be High
Peter Siegel, Founder of BizBen and Director of the ProBuy and ProSell Programs on BizBen explores why earnest money deposits serve several purposes when buying or selling a small business. Several contributors on BizBen weigh in on this topic on this BizBen blog post.  By Peter Siegel   View All Peter Siegel Blog Posts
Seller Financing 3 Items To Consider
Seller Financing: Terms To Negotiate If You Buy A Business
The idea to buy a business with seller financing is clearly understood by most people whose career move is to purchase their own company. But not everyone knows how to structure a deal with the seller carrying back part of the price. Be prepared for three situations when negotiating your purchase.  By Peter Siegel, MBA   View All Peter Siegel, MBA Blog Posts
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
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
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
3 Recycling Businesses To Take A Look At
Recycling Services: 3 Businesses That Will Turn Old Stuff Into New Money
People think of recycling and think of a facility that recycles trash. While this is true a large facility is expensive to open and operate. With that said, in this post, I will focus on 3 small business opportunities in the recycling industry that are more manageable for the average entrepreneur.  By Peter Siegel   View All Peter Siegel Blog Posts
Selling Your Business With ObamaCare In Place
How ObamaCare Will Affect Buying Or Selling A California Small Business
The implementation of the Patient Protection and the Affordable Care Act also known as "ObamaCare" is one of the most talked about bills to come out of President Obama's time in office. A look at how ObamaCare has and is going to impact the market for buying and selling a business.  By Peter Siegel   View All Peter Siegel Blog Posts
2014 Business Sales Total Outnumber 2013
More Business For Sale Deals Completed Last Year Than In 2013
The number of business for sale offerings changing hands in California last year rose about 5% over the count of completed deals posted during 2013, according to the BIzBen Index. A total of 15, 513 transactions were closed in 2014 compared to the count of 14,764 sales made during the previous year.  By Peter Siegel   View All Peter Siegel Blog Posts
2014 Will Be A Good Year For Small Business Sales
2014 Will Be A Good Year For Small Business Sales
I predict 2014 to be a good year for small businesses. Not only for small business owners who want to continue running their company but also for those owners who plan to sell. There is a new wave of Entrepreneurs ready to take the step toward business ownership & 2014 may be the perfect time.  By Peter Siegel   View All Peter Siegel Blog Posts
Tips For Selling Your Restaurant
Important Points To Consider When Selling Your Restaurant
Christina Lazuric, a Southern California Restaurant Business Broker discusses ideas that all restaurant owners should read about before selling their restaurant. In this article Christina talks about how to find the right buyer, timing, setting a price, how to structure the deal, and more.  By Christina Lazuric, CBI   View All Christina Lazuric, CBI Blog Posts
Tips For Selling Your Restaurant
5 Real Tips For Selling Your Restaurant
Christina Lazuric, an Orange County Restaurant Business Broker Specialist discusses tips that all restaurant owners should read about before selling their restaurant. In this article Christina talks about presentation of the restaurant, knowing your financials, licenses involved  By Christina Lazuric, CBI   View All Christina Lazuric, CBI Blog Posts
Why Sell Your Restaurant
Why Sell Your Restaurant? Restaurant Broker Explains Why Owners Sell
Christina Lazuric, an Orange County Restaurant Broker Specialist explores why owners of small to mid-sized restaurant businesses elect to sell their restaurant. Retirement, lack of capital, illness, boredom are just a few of the reasons owners decide to sell their business.  By Christina Lazuric, CBI   View All Christina Lazuric, CBI Blog Posts
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