Sports Bar For Sale - Ontario, California

Are you going to be writing an offer soon on a business for sale? The Letter of Intent (LOI) is a contract preceding and enhancing the negotiation phase of a business transaction.  It has a number of advantages to each side of the party in a transaction. Attorney Afshin Hakim explains this concept in his new blog posting on BizBen.

Willard Michlin - CPA, CFE chats about why you can do a large portion of the due diligence yourself, depending on your background, but you should never try to do it solely on your own. In this BizBen Blog he explores ways business buyers get themselves into trouble. Read his latest BizBen blog posting on due-diligence issues for business buyers - read this blog post before you buy a business!

Making the transition from worker bee to small business owner involves a great deal of time, effort, money, and personal commitment. It is not a decision to be made hastily nor taken lightly. Ash Rasaei (310-622-8777) a Los Angeles area business broker discusses what first time buyers should know before buying a small business.

Determining the right time to sell a private business is as much an art as a science, because there are so many factors at play and each business is unique. Christina Lazuric an Orange County Business Broker shares her experience on timing issues when selling a small business.

Build wealth and secure your future by learning how to buy and sell businesses at Global Perspective’s upcoming workshops located in the business district of Century City (Los Angeles County). The workshops are informative step-by-step instructional courses designed to give you the knowledge, material and structure needed to financially change your life. For more info call 888-222-8920 or go to workshop for buyers and sellers for upcoming schedule, workshop outline, & RSVP instructions.

Looking to buy a Southern California card or coin laundromat? PWS Laundry is presenting their next Los Angeles, Southern California seminar Thursdays:  May 17th,  June 21st,  July 19th. For details go to How To Buy A Southern California Laundromat Seminar - To RSVP call 323-721-8832.

A buyer in the insurance business currently is seeking to add more business through acquisition and is looking for insurance agencies or insurance brokerages for sale. They prefer property & casualty but have interest in other areas as well. They are not interested in non-standard auto business. Their preference is gross commissions ranging from $50K to $500K. They prefer an Orange County location - but will look at other areas throughout California. This buyer is part of the Business Buyers Program within the BizBen Network. Go to insurance business buyer info for details about this buyer and their request.

Buyer Seeks Restaurant, Cell Phone Store, Smog Center, Mail Box Store - absentee run businesses in the Los Angeles, Ventura area. He states: " I am primarily interested in small restaurants (not full service), mail box stores, cell phone stores, and smog test centers. I would also consider small gyms. However, I am not particularly concerned with the type of business. I will consider anything up to $250,000. I am looking for businesses that are netting at least 40% of the asking price, after accounting for what it would cost for a manager to do whatever the owner does now. My intention is to partner with someone who will run the business. For this reason, I am particularly interrested in absentee-owned businesses that are currently bringing in a good net income. If the current manager is interested, I would like to partner with him or her. As I have a good income independent of the business, my hope is that my income will serve to help guarantee a loan. My involvement in the business will primarily be marketing."  For more info and contact information regarding this business buyer please log into your BizBen Account.

Buyer seeks P&C insurance agency to either purchase or partner with an existing owner in the Corona Area (10 to 15 miles within the area of Corona). Buyer has strong industry experience - 20 years in the business, 9 years as an independent agent with a book of over 400 clients. Buyer has $50K for a down payment and is looking for a a P&C insurance agency priced below $250K. Buyer has a high credit score and has been SBA Loan Pre-Qualified for financing (buyer-side). Please log into your BizBen account to get buyers contact info and details..

I am looking to buy a bar, primarily with a 48 license, but would consider a beer bar with no food requirement. It must be located in Los Angeles County. I have $100K for a down payment, however I am interested in determining an appropriate down payment through negotiations, for either a larger or smaller amount. I require an owner's benefit of at least $55K a year, and the business must produce enough to cover any loan payments I've incurred from its purchase. The price ranges I've been searching are between $100k to $500k, but I am looking for a stable business, with steady cash flow and income. If the business is outside of my price criteria, I would be interested in negotiating a range of possible financing options. I am most interested in seller financing, but should this not be viable, I have other means of financing. I have not been pre-qualified for SBA financing, but will be inquiring. I am able to present a personal financial statement and background letter to interested sellers. My background is varied and this will be my first time buying a business. I am very motivated and hope to be running my new business with in six months. I currently reside in the South Bay of Los Angeles. For contact details for this buyer please log into your BizBen Account.