About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, and business brokers. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
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Contact me by phone
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Opinions expressed on this site do not necessarily represent those of BizBen. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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Posts tagged 'buying a business'
The following posts are associated with the 'buying a business' tag.
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Posted on June 23, 2009 Contributed by KC Choi
How Is A LOI Different Than A Purchase Agreement?
While a purchase agreement is a binding contract with rights and obligations for each party that contains all the terms and conditions of the transaction; a preceding Letter Of Intent (LOI) is often overlooked for its significance. Business broker, KC Choi explains the difference between an LOI and a purchase agreement in this BizBen article.
Posted at 8:58am | 4 Comments
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Posted on June 18, 2009 Contributed by Christina Lazuric
A Business Brokers Perspective On The Present Economy
Christina Lazuric a business business broker in Southern California expresses her thoughts and approach to our current California economic condition. Whether you are thinking of buying, starting, or selling a business Christina offers her ideas of getting through this period.
Posted at 8:18am | 5 Comments
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Posted on June 11, 2009 Contributed by Jonathan Smith
Buyer Preparation Is Key To Getting Financing
Before one starts to search for a business to buy there are a number of key points to have in order. When seeking funding all lenders or intermediaries will ask for the same basic financial package and you will save considerable time and energy having prepared the package electronically so you can submit the package with ease. Jonathan Smith, a financing/loan consultant broker for business purchase financing discusses this topic with BizBen readers.
Posted at 5:35am | 4 Comments
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Posted on June 9, 2009 Contributed by Jonathan Smith
Buying A Small Business: Many Listings, Financing Available
Jonathan Smith, a financing expert/consultant on business purchase financing asserts that now is a great time to buy a business due to many more small businesses for sale on the market and that lenders are lending - provided you go to the right lender to get the deal financed.
Posted at 7:01am | 4 Comments
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Posted on May 21, 2009 Contributed by Jonathan Smith
SBA Loan Update: Blue Sky, Seller Financing, Other Options
There are numerous ways to get creative when it comes to financing a business acquisition and we all know the closing table is not the time to get creative. Buyers need to start thinking about financing even before they decide which business to buy and sellers need to think about it the moment they decide to sell. Sounds easy enough but most people put financing on the back burner. Jonathan Smith discusses the latest with SBA loan strategies concerning buying a business.
Posted at 8:34am | 3 Comments
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Posted on May 19, 2009 Contributed by Peter Siegel
SELLERS: Don’t Make It Hard To Buy Your Business
After spending several days talking to dozens of people who claim to have an interest in a business for sale; after answering the same dumb question for the millionth time; after discovering that a great majority of these so-called buyers lack either the money, the common sense, or enough business etiquette--maybe all three--to purchase the business in the first place, it is not surprising that many sellers start to burn out on the process.
Posted at 6:48am | 3 Comments
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Posted on April 29, 2009 Contributed by Jonathan Smith
New Capital Entering The SBA Marketplace
If you have been discouraged from purchasing a business because of a recent decline from the bank then it is time to start looking once more. SBA offices and banks across the country are encouraging people who have been turned down for an SBA loan in the past 6 months to try again due to new capital entering the SBA marketplace.
Posted at 9:36pm | 1 Comment
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Posted on April 21, 2009 Contributed by Peter Siegel
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.
Posted at 8:39pm | 0 Comments
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Posted on April 14, 2009 Contributed by Tawnya Gilreath, CBB
Errors Buyers Make When Searching To Buy A Business
Often business buyers actions cause a deal to tank but they never know why. Tawnya Gilreath a Los Angeles County business broker discusses what mistakes business buyers make in the search process to buy a business and provides an outline of what behavior is best in dealing with business brokers and owners.
Posted at 10:05pm | 2 Comments
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Posted on April 7, 2009 Contributed by Peter Siegel
What Are Business Buyers Biggest Mistakes?
Business buyers tend to make mistakes along the road to buying a small business our "Answers To Viewers Questions" section of the BizBen Blog we explore answers to the question, "What Are The Biggest Mistakes Business Buyers Make In The Process Of Buying A Business?" See what our panel of professionals and viewer comments have said to answer this question about some mistakes buyers of small businesses make.
Posted at 11:30pm | 5 Comments
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Posted on April 7, 2009
BUSINESS WANTED: Service, Wholesale, In San Diego Area
Bob Van Veen, business buyer is looking to buy a Goods and services/goods or services. Preferences but not limited to: Technical goods and/or services, distribution, import/export business in the San Diego Ca. within 25 mile radius or operations can be managed remotely or 120 mile radius requiring management less than 2x per week or relocatable. See more details of his request and if you know of a business for sale that matches his business wanted description and profile please phone or email him immediately.
Posted at 8:43pm | 0 Comments
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Posted on April 3, 2009 Contributed by Peter Siegel
What Are The Better Businesses To Buy In This Economy?
Times are tough. Our economy has taken the art of buying a business to a whole new level. In our perodic "Answers To Viewers Questions" section of the BizBen Blog we explore answers to the question, "What Are The Better Businesses To Buy In This Economy?" See what our panel of professionals and viewer comments have said to answer this timely question.
Posted at 5:12pm | 4 Comments
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Posted on March 20, 2009 Contributed by Peter Siegel
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.
Posted at 9:56pm | 0 Comments
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Posted on March 16, 2009 Contributed by Peter Siegel
SBA Loan Changes: Good For Business Purchase Financing
Today President Obama reiterated his belief that we owe it to America’s small businesses to be the partner they need in the midst of this crisis. At SBA, we couldn’t agree more. “SBA this week is implementing two key provisions laid out in the Recovery Act – we are temporarily eliminating certain loan fees and raising guarantees on some 7(a) loans up to 90 percent. With these critical steps by SBA, and the Treasury Department’s commitment of up to $15 billion aimed at getting lending markets flowing again, we are standing up with small business owners across this country and telling them how we are going to put much-needed capital in their hands.
Posted at 10:43pm | 3 Comments
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Posted on February 17, 2009
195 California Businesses For Sale Sold Stats
195 California businesses were sold by business owners of small businesses, business brokers, & real estate agents for the week of February 9, 2009 and February 15, 2009.
Posted at 11:34am | 0 Comments
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Posted on November 19, 2008
Bounce Explains Business Sales Increase In October
The October sales rate for small and mid-market businesses in California was substantially higher than the number recorded the month before, according to results tracked by BizBen businesses for sale in California.
Posted at 6:18pm | 0 Comments
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Posted on November 4, 2008
LA County Coffee House For Sale Leads Searches
BizBen users top selections yesterday included a LA County Coffee House, a Los Angeles Bar & Restaurant, a Guerneville Cafe/Deli/Wine Bar, a Los Angeles Maintenance Service, a LA South Bay Billiards Hall, as some of the more popular California small and mid-sized businesses for sale that were added and reviewed by business buyers, business brokers, agents, intermediaries, and business owners yesterday on BizBen.com.
Posted at 5:16pm | 0 Comments
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Posted on October 14, 2008
Anaheim Area Liquor Store, Deli For Sale Leads
BizBen viewers top picks yesterday included a Anaheim Area Liquor Store/Deli, a South Bay Truck, RV Wash Co., a Los Angeles Espresso Machines Co, a Modesto Pizza Restaurant, a Fox Hills Mall Candy Kiosk, as some of the more popular California small online business listings for sale that were added and reviewed by business buyers, business broker intermediaries, agents, intermediaries, and business owners yesterday on BizBen.com.
Posted at 4:05pm | 0 Comments
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Posted on September 25, 2008
Bay Area Mexican Restaurant For Sale Leads
BizBen viewers top picks yesterday included a San Francisco Bay Area Mexican Restaurant, a San Diego Used Car Dealership, a High Desert Retail Flooring Co., a San Fernando Valley Transportation Service, a Danville Direct Mail Company, an as some of the more popular California small and mid-sized business for sale opportunities that were added and reviewed by business buyers, business broker intermediaries, agents, intermediaries, and business owners yesterday on BizBen.com.
Posted at 6:27am | 0 Comments
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Posted on August 15, 2008
Buyer's Timing: Key To Success In Buying A Business
Timing makes all the difference in not only selling a business, but also buying a small business. With retail business income coming primarily in the fourth quarter buyers should take advantage of this timing and buy these types of businesses before the rush!
Posted at 8:31pm | 0 Comments
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Posted on August 12, 2008
Orange County Tanning Salon For Sale Leads
BizBen viewers top selections/searches yesterday included an Orange County Tanning Salon, a Modesto Quiznos Franchise, an Alturas Appliance Store With Real Estate, a Convenience Store, a LAX Area Liquor Store, as some of the more popular California small businesses for sale that were added and reviewed by business buyers, business broker intermediaries, agents, and small business owners yesterday on BizBen.com.
Posted at 7:13am | 0 Comments
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Posted on August 1, 2008
San Bernardino Coffee Cafe For Sale Leads
BizBen viewers top selections yesterday included a San Bernardino Mountains Coffee Cafe, a San Gabriel Valley Home Sitting Service, a Sylmar Market, a Los Angeles County GNC Franchise, a Downtown Area Espresso & Cafe, as some of the more popular California businesses for sale that were added and reviewed by business buyers, certified business brokers, and owners of small businesses yesterday on BizBen.com.
Posted at 7:33am | 0 Comments
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Posted on July 24, 2008
Los Angeles LED Manufacturing For Sale Leads BizBen Top 20
BizBen viewers top picks yesterday included a Los Angeles LED Manufacturing, a Los Angeles Wireless Store, a Orange County Landscaping Service, a Tracy Area Japanese Restaurant, a Los Angeles County Truck Center, as some of the more popular California small and mid-sized businesses for sale that were listed and searched on by business buyers, business brokers, agents, intermediaries, and business owners yesterday on BizBen.com.
Posted at 6:05am | 0 Comments
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Posted on July 16, 2008
386 Small Business Sales: California Stats - 7/7 - 7/13
386 California businesses were sold by business owners of small businesses, business broker California listings, & real estate agents for the week of July 7, 2008 and July 13, 2008.
Posted at 7:42pm | 0 Comments
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Posted on July 10, 2008
New PDQ Deal Reviewer(TM) Software Helps Buyers
Software developer MoneySoft(R), which has been creating software for valuing and buying businesses since 1991, has introduced a new product that provides a six-step guide to help small-business buyers find and identify businesses that match both their needs and their values.
Posted at 3:06pm | 0 Comments
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Posted on July 7, 2008 Contributed by Willard Michlin
Dealing With Business Brokers: One Brokers Perspective
Willard Michlin a due diligence specialist in Southern California discusses how many business buyers feel "pushed around" by business brokers / intermediaries and what they should do about it when it happens.
Posted at 10:17am | 0 Comments
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Posted on July 2, 2008 Contributed by Steve Fitzgerald
All SBA Lenders are NOT Created Equal
With “sub-prime” entering into the national lexicon and devastating many of the world’s financial institutions, it should not be surprising that there has been a direct affect on Small Business Administration (SBA) lenders as well. Many of these lenders joined in the lending exuberance of their mortgage cousins and are now feeling their pain. Some lenders have backed out of SBA loans altogether, and others tightened their requirements to the point where no one who actually needs the money would qualify to borrow it.
Posted at 7:12pm | 0 Comments
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