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Comments & Replies: 3     Views: 2128     Posted By: Joe Ranieri  
Joe Ranieri, (Orange County Business Broker) discusses how to convert restaurants: buy an existing inexpensive restaurant and then converting it to another concept. He discusses finding the right location, working with the landlord, notifying existing clients, and observing restaurant trends.
Comments & Replies: 2     Views: 2309     Posted By: Chuck Post  
Chuck Post a laundry consultant, specialty broker, buyer representative & due diligence advisor starts this discussion on why it's important to have an exit strategy in mind while buying a laundromat! He & others explain why this concept is so important for buyers especially in the laundry business.
Comments & Replies: 1     Views: 2233     Posted By: Jaime Ortega  
Jaime Ortega, a Cannabis Industry Consultant, Due Diligence Specialist and Advisor reviews the new Administration's view & California's new legislation that will affect both buyers and sellers in the California Cannabis industry. Read what factors will affect both buyers & sellers in this industry.
Comments & Replies: 5     Views: 2515     Posted By: Peter Siegel MBA  
When purchasing a small to mid-szied business, there are a multitude of things to evaluate. One area that is often overlooked is the business's culture. Peter Siegel, MBA with BizBen discusses with potential buyers the importance of understanding how the business runs on a day-to-day basis.
Comments & Replies: 8     Views: 2129     Posted By: Peter Siegel MBA  
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.
Comments & Replies: 14     Views: 4496     Posted By: Peter Siegel MBA  
Who really represents the buyer? The selling broker or agent through dual agency? Many brokers and agents weigh in on this Discussion on BizBen. Bottomline is all business buyers need to know who really represents them and has their best interest at heart when seeking and negotiating on deals.
Comments & Replies: 1     Views: 2710     Posted By: Peter Siegel MBA  
Buying a gas station can be a profitable business. From my experience, here are the pros & cons of buying a gas station that I share with BizBen ProBuy Buyers when they come to me to to get pre-qualified for financing to buy a gas station (with or without real estate). I discuss all these factors.
Comments & Replies: 1     Views: 2078     Posted By: Peter Siegel MBA  
In this Discussion, we define financing options available to potential restaurant buyers when purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant purchase, potential restaurant buyers have several options to choose from.
Comments & Replies: 5     Views: 2439     Posted By: Joe Ranieri  
When should the training of the new buyer of the business actually begin? Before escrow, during escrow, or only after the keys of the business are handed over to the new owner of the business. Joe Ranieri (Orange County Business Broker - Restaurant Specialist at 714-292-5448) starts this Discussion.
Comments & Replies: 2     Views: 2537     Posted By: Peter Siegel MBA  
Buying a liquor store can present some major challenges to business buyers - a recent client on the BizBen ProBuy Program relates to Peter Siegel, MBA what the major challenges may be when searching for and buying a Californa liquor store business. I welcome other Advisors to weigh in on this topic.
Comments & Replies: 5     Views: 3248     Posted By: Timothy Cunha JD  
How do you determine the value of your business when you go to sell or even buy a business? There are so many factors and that is usually one of the first items serious buyers inquire about. When a business broker or agent goes to sell a business this should be one of the first tasks they perform.
Comments & Replies: 5     Views: 2934     Posted By: Raj Parikh  
Are business buyers too impulsive and impatient about initial asking prices? I feel buyers of businesses should first explore the small to mid-sized business being sold and then come to some conclusion on a potential price to offer - I would like to see what others have to say about this topic.
Comments & Replies: 15     Views: 4651     Posted By: Peter Siegel MBA  
It seems like these days that's all I hear from buyers in the BizBen ProBuy Program is they want a absentee or semi-absentee business to buy. I understand why, but most buyers don't understand how difficult that is to accomplish this feat successfully. I address this with other Advisors on BizBen.
Comments & Replies: 7     Views: 2934     Posted By: Business Broker  
Is starting with a higher selling price a good strategy when selling a small business? or even showing an asking price? I have some definite ideas about this concept and would like to share along with other Advisors, Brokers, Agents contributors on BizBen. What are your thoughts on asking prices?
Comments & Replies: 3     Views: 2010     Posted By: Joe Ranieri  
What qualities should you look for in a escrow and bulk sale service when buying/selling a business? I often get asked this question by other brokers and business sellers. See what I tell others and what other BizBen Advisors have to say on this topic in this Discussion.
Comments & Replies: 2     Views: 1355     Posted By: Joe Ranieri  
What are the Pros & Cons of selling a business yourself? I get asked this question all the time and would like to share with other Intermediaries on BizBen all the angles of business owners taking the initiative and selling their own business.
Comments & Replies: 2     Views: 2655     Posted By: Peter Siegel MBA  
How much money should you expect to make when buying an automatic car wash? Peter Siegel, MBA (BizBen ProBuy Program Director and Business Purchase Financing Expert) explains with other brokers, intermediaries, and advisors info on this topic.
Comments & Replies: 3     Views: 2554     Posted By: Joe Ranieri  
Buying a business with a partner/partners, family members can make one think twice about ever doing it twice! However in this BizBen Discussion Post I chat with others about identifying roles, defining goals, attorney visits, and other relating issues.
Comments & Replies: 4     Views: 3117     Posted By: Joe Ranieri  
It's important to remember that selling a business takes time. Unlike selling a house, which can be sold relatively fast, a business can take up to six months to a year to sell. I discuss this topic with other advisors and intermediaries on this BizBen Discussion.
Comments & Replies: 2     Views: 3348     Posted By: Peter Siegel MBA  
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion are aspects of a business that really drives its value and pricing. A business owner asked me this question today so I wanted to get others view points as well in this Discussion.
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