Cash flow
$175,000
Revenue
$525,000
Down
$300,000
Posting: 276123 | Available | 5/17/24
Must see a 100% wet cleaning plant located in West Hills near high-income Woodland Hills, Calabasas, and Bell Canyon. This is an 11 year-old, 1,200 sq. ft. plant, including shirt laundry. Most of the equipment is newer. No chemicals -- environmentally safe -- all work done in-house.
Asking Price
$500,000
Cash flow
$170,000
Revenue
$470,000
Down
$530,000
Posting: 285555 | Available | 5/16/24
This is a successfully established dry-cleaning business for sale in Alameda County, CA. The business was established more than 35 years. It has a great reputation and it's next to Safeway, so it has very steady foot traffic. The motivated sellers are looking to retire.
Asking Price
$530,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284106 | Available | 5/15/24
This is a well-established business located in a busy shopping complex and has been open for 30 years, full-service dry-cleaning and professional alternation. They have an excellent alteration business. The seller claims gross income for 2023 will be close to $300,000.
Asking Price
$200,000
Cash flow
$160,000
Revenue
$330,000
Down
Call/Email
Posting: 278169 | Available | 5/16/24
Price lowered! For sale is a dry-cleaning plant. This cleaner is located in the fully occupied shopping center. There's no competition around 1~2 miles. The monthly sale is $30,000+ and size of the store is 1,500 sq. ft, and the rent is $5,300 including CAM (water and garbage included).
Asking Price
$279,999
Cash flow
$300,000
Revenue
$1,150,000
Down
$200,000
Posting: 283947 | Available | 5/16/24
Tired of average dry cleaning? Upgrade to excellence with this dry cleaners! They offer premium dry cleaning services tailored to keep your garments looking and feeling brand new. They are serving Quartz Hill, Palmdale, Lancaster, and Edwards Air Force Base.
Asking Price
$849,000
Cash flow
Call/Email
Revenue
$125,000
Down
$70,000
Posting: 286104 | Available | 5/14/24
For sale and just listed! This is a dry cleaners drop site in a well-trafficked high-end shopping center in Folsom! Located on a main street with a heavy car count per day. It is low maintenance, a good business for an owner-operator. A five-year lease can be assigned to a new owner.
Asking Price
$70,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 271756 | Available | 5/14/24
This is a dry cleaner agency in South Park, San Francisco. The rent is $1,800 and the size is about 900 sq. ft. This is a good potential business for a person who can do alterations or who owns the plant. The monthly sale is about $4,500 and the net income is about $2,000 - $2,500 per month.
Asking Price
$29,999
Cash flow
$108,000
Revenue
$228,000
Down
Call/Email
Posting: 284868 | Available | 5/12/24
This is one of the best cleaners in Simi Valley and the rent is the lowest in Simi Valley and the cleaner is well established, organized and profitable. This cleaner has a great deal of potential to increase revenue.
Asking Price
$135,000
Cash flow
Call/Email
Revenue
$216,000
Down
Call/Email
Posting: 286521 | Available | 5/10/24
After 11 years at the establishment, the owner, due to a health issue, wants to retire. This dry cleaner offers everything included in a full dry cleaner plant operation. The owner is seeking an aggressive operator to take over and propel this business to the next level, making it more profitable.
Asking Price
$150,000
Cash flow
Call/Email
Revenue
$100,000
Down
$99,000
Posting: 269176 | Available | 5/10/24
This dry cleaner is offered by a long-established plant located in Silverlake, situated in an extremely heavy foot traffic plaza where customers walk in every five minutes. The drycleaning Hydrocarbon Machine, an Italian-made Union brand, is only two years old and comes with no perks.
Asking Price
$99,000
Cash flow
Call/Email
Revenue
$255,000
Down
$299,000
Posting: 286518 | Available | 5/10/24
This dry cleaner with a plant long established in Silverlake is available. It is situated in an extremely heavy foot traffic plaza where customers walk in every five minutes. The Drycleaning Hydrocarbon Machine, which has no perks, is only two years old and is of Italian make, Union brand.
Asking Price
$299,000
Cash flow
Call/Email
Revenue
Call/Email
Down
All Cash
Posting: 276005 | Available | 5/9/24
This is a dry cleaner agency for sale. This business is located in a small strip center surrounding a residential area. The rent is $2,250 including garbage and CAM. From the last 3 months, average sales were $17,000+. This agency can potentially add a wash & fold.
Asking Price
$149,999
Cash flow
$60,000
Revenue
$192,000
Down
$35,000
Posting: 283097 | Available | 5/6/24
For sale is a fully equipped dry cleaner (plant) in a heavy-traffic shopping center. It is next to a national chain grocery supermarket and bank. They have a Hydro Carbon 60lb, Sankosha shirts machine. The current owners have owned this business for 13 years.
Asking Price
$35,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 276702 | Available | 5/4/24
For sale is a high-volume dry cleaner plant. The monthly sales are about $55,000-$57,000 including alterations. The size of the store is 1,700 sq. ft, and the rent is $6,000 including CAM and water & garbage. The buyer must have experience. It is up for sale because the seller is retiring.
Asking Price
$849,999
Cash flow
$108,000
Revenue
$225,000
Down
$199,000
Posting: 283095 | Available | 5/4/24
This is a dry cleaner for sale. It was established over 35 years ago. It is 1,294 sq. ft. They do full-service dry cleaning, professional alterations, wash, dry, and fold laundry services. It is located in a busy shopping center with a lot of parking. It has low rent and is open 6 days a week.
Asking Price
$199,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283560 | Available | 5/2/24
This is an established dry cleaning business for sale in San Francisco, CA. The owner is retiring after 20 years in the business. The business opportunity is for sale. Real estate is not part of the sale. It has a great reputation at a good location with steady foot traffic.
Asking Price
$280,000
Cash flow
$240,000
Revenue
$576,000
Down
$558,000
Posting: 284666 | Available | 5/2/24
Introducing a flourishing dry cleaning enterprise, renowned for its prompt same-day service upon request. This business boasts a GreenEarth-branded machine, ensuring a top-notch, environmentally friendly cleaning experience. Operated with dedication by the same owners for the past 29 years.
Asking Price
$558,000
Cash flow
$125,000
Revenue
$332,626
Down
$179,000
Posting: 285221 | Available | 5/2/24
The business at this location, established by the seller in 1986, operates with the collaboration of one employee and two brothers, making it ideally suited for a husband-and-wife team. The dry cleaner plant is open for only five days a week, from Monday to Friday. It is near Park La Brea.
Asking Price
$179,000
Cash flow
$154,000
Revenue
$311,808
Down
$120,000
Posting: 284632 | Available | 5/2/24
For sale is a dry cleaning service plant that has been at the location for over 40 years near La Brea. They have a brand-new Hydrocarbon dry cleaner machine that is just over 2 years old, but the seller will pay off the buyer's machine payment fee.
Asking Price
$239,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284591 | Available | 5/1/24
After 30 years of unwavering commitment and tireless efforts, the proprietor is prepared to embark on a well-deserved retirement. This esteemed dry cleaner has firmly established itself within the community, boasting a loyal clientele and a continuous stream of regular customers.
Asking Price
$170,000
Cash flow
$120,000
Revenue
$250,000
Down
$189,000
Posting: 282099 | Available | 4/29/24
This is a dry cleaning plant (without agency) at a great location. It is in a Ralph's Supermarket anchored shopping center with heavy traffic. It has had the same owner for 20 years. There is unlimited potential to grow.
Asking Price
$189,000
Cash flow
$84,000
Revenue
$228,000
Down
Call/Email
Posting: 235794 | Available | 4/29/24
For sale is a dry cleaner that is an excellent opportunity for an aggressive owner-operator to take over this well-established and outstanding business and take it to the next level. It has a hydrocarbon machine and is in a good location with well-established systems. Just reduced the price!
Asking Price
$179,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 274978 | Available | 4/28/24
5 stars review dry cleaner agency for sale in South San Jose on a shopping plaza. It is owner-operated with great service, they offer dry cleaning, wash & fold, and in-house alterations. The lease amount is $3,400 which covers water, garbage, and CAM charges. There is approximately 1,000 sq ft.
Asking Price
$85,000
Posting: 286292 | Available | 4/27/24
One of my clients is looking for a full dry cleaners, netting $12,000~$15,000 per month in Santa Clara county and Southern San Mateo County around Menlo Park or Palo Alto. Rent should not be more than $7,000. I have established a great relationship with the client as I brokered one in 10 years ago.
Cash flow
$78,000
Revenue
$240,000
Down
$100,000
Posting: 286222 | Available | 4/22/24
This is a great opportunity to own a well-established and outstanding dry cleaner at a very reasonable price. This dry cleaner is one of the best in Agoura Hills, and it is very well-established and organized. They always get the job done right and on time.
Asking Price
$100,000
Cash flow
$84,000
Revenue
$180,000
Down
Call/Email
Posting: 285201 | Available | 4/20/24
For sale is a dry cleaner that is located in the best location of West Torrance, Los Angeles County, CA. The current owner has run it for 34 years and now wants to retire.
Asking Price
$140,000
Cash flow
$60,000
Revenue
$220,000
Down
$79,000
Posting: 281798 | Available | 4/17/24
This is a dry cleaner plant for sale that was established in 1996. They do full-service dry cleaning and professional alterations. They also have wash, dry, and fold laundry services, and also repair shoes and purses. It is 1,700 sq. ft and the rent is $5,600 including NNN and water.
Asking Price
$79,000
Cash flow
$72,000
Revenue
$300,000
Down
$199,000
Posting: 283833 | Available | 4/17/24
A dry cleaner plant is for sale. It is 2,200 sq ft. of full-service dry cleaning, professional alterations, washing, and dry & fold laundry services. It is located in a busy shopping center with plenty of parking spaces. It was recently remodeled with new equipment. It is open 7 days a week.
Asking Price
$199,000
Cash flow
$175,000
Revenue
$525,000
Down
$300,000
Posting: 276123 | Available | 5/17/24
Must see a 100% wet cleaning plant located in West Hills near high-income Woodland Hills, Calabasas, and Bell Canyon. This is an 11 year-old, 1,200 sq. ft. plant, including shirt laundry. Most of the equipment is newer. No chemicals -- environmentally safe -- all work done in-house.
Asking Price
$500,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284106 | Available | 5/15/24
This is a well-established business located in a busy shopping complex and has been open for 30 years, full-service dry-cleaning and professional alternation. They have an excellent alteration business. The seller claims gross income for 2023 will be close to $300,000.
Asking Price
$200,000
Cash flow
$170,000
Revenue
$470,000
Down
$530,000
Posting: 285555 | Available | 5/16/24
This is a successfully established dry-cleaning business for sale in Alameda County, CA. The business was established more than 35 years. It has a great reputation and it's next to Safeway, so it has very steady foot traffic. The motivated sellers are looking to retire.
Asking Price
$530,000
Cash flow
$96,000
Revenue
$192,000
Down
$100,000
Posting: 282633 | Available | 9/5/23
This is one of the best Dry Cleaners in the area with lots of loyal customers and ample parking. If you like the high quality of service for dry cleaning, this is the place and the location is great.
Asking Price
$100,000
Cash flow
$92,400
Revenue
$228,000
Down
$120,000
Posting: 278076 | Available | 8/2/23
This is a dry cleaner plant that has equipment like a hydrocarbon dry cleaning machine, washer, dryer, press machine & POS system. The owners have two locations and want to concentrate on one site. This business has been here for 30 years and the owners have been here for 3 years.
Asking Price
$120,000
Cash flow
$150,000
Revenue
$348,000
Down
Call/Email
Posting: 282953 | Available | 9/21/23
Well-established Dry-Cleaning business located in a high-traffic shopping center on the busiest street in the city. This is an opportunity to own a dry cleaner storefront as well as a 2nd drop-off plant location in the next city over. 5 employees total, including the owner who runs the store. on a
Asking Price
$350,000
Cash flow
$100,878
Revenue
$309,731
Down
$250,000
Posting: 281876 | Available | 10/31/23
Are you dreaming of owning your own thriving and profitable business? Look no further! This is your chance to own a fully operational dry cleaner plant that has been serving its community for more than 20 years!
Asking Price
$250,000
Cash flow
$300,000
Revenue
$1,150,000
Down
$200,000
Posting: 283947 | Available | 5/16/24
Tired of average dry cleaning? Upgrade to excellence with this dry cleaners! They offer premium dry cleaning services tailored to keep your garments looking and feeling brand new. They are serving Quartz Hill, Palmdale, Lancaster, and Edwards Air Force Base.
Asking Price
$849,000
Cash flow
$130,000
Revenue
$700,000
Down
Cash Only
Posting: 285446 | Available | 3/1/24
Introducing a well-established wholesale dry cleaner & shirt plant located in North Orange County. It is located in the large major shopping center area, the cleaner is open for 5 and half days. It is easily run and an experienced manager runs the business with tens of full time employees.
Asking Price
$279,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 274219 | Available | 4/16/24
This is a dry cleaner for sale in Carmel, CA. It is at a prime location in a shopping mall, 2 minutes away from the highway. It has all machines and equipment. Their Phase 1 2 report is ready. They have had no soil contamination issues. The rent with CAM is $6,800. The monthly sales amount is $60K.
Asking Price
Call/Email
Cash flow
$67,200
Revenue
$276,000
Down
Cash
Posting: 283552 | Available | 10/26/23
Located inside a huge shopping center with plenty of parking and traffic. Fully equipped dry cleaner plant. Reasonable rent. Reasonable asking price. Room to improve the business.
Asking Price
$149,000
Cash flow
$108,000
Revenue
$225,000
Down
$199,000
Posting: 283095 | Available | 5/4/24
This is a dry cleaner for sale. It was established over 35 years ago. It is 1,294 sq. ft. They do full-service dry cleaning, professional alterations, wash, dry, and fold laundry services. It is located in a busy shopping center with a lot of parking. It has low rent and is open 6 days a week.
Asking Price
$199,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283560 | Available | 5/2/24
This is an established dry cleaning business for sale in San Francisco, CA. The owner is retiring after 20 years in the business. The business opportunity is for sale. Real estate is not part of the sale. It has a great reputation at a good location with steady foot traffic.
Asking Price
$280,000
Cash flow
Call/Email
Revenue
$216,000
Down
Call/Email
Posting: 286521 | Available | 5/10/24
After 11 years at the establishment, the owner, due to a health issue, wants to retire. This dry cleaner offers everything included in a full dry cleaner plant operation. The owner is seeking an aggressive operator to take over and propel this business to the next level, making it more profitable.
Asking Price
$150,000
Cash flow
Call/Email
Revenue
$108,000
Down
$25,000
Posting: 286140 | Available | 4/16/24
A dry cleaner agency in Norco is available for sale. This operation is helper-run and operates with 100% absentee employees. The current owner has been in possession for 5 years and also owns a dry cleaner's plant in Corona.
Asking Price
$25,000
Cash flow
Call/Email
Revenue
$255,000
Down
$299,000
Posting: 286518 | Available | 5/10/24
This dry cleaner with a plant long established in Silverlake is available. It is situated in an extremely heavy foot traffic plaza where customers walk in every five minutes. The Drycleaning Hydrocarbon Machine, which has no perks, is only two years old and is of Italian make, Union brand.
Asking Price
$299,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284508 | Available | 1/4/24
Established for more than 35 years in the same prime corner location of a prominent shopping center, this dry-cleaning plant has built an excellent reputation in the local community for dependable top-class service for all your dry-cleaning needs.
Asking Price
$95,000
Cash flow
$100,000
Revenue
$180,000
Down
Call/Email
Posting: 226962 | Available | 10/20/23
A free-standing building (approx 3,800 sq ft) is also for sale at $650,000. Rent including property tax is $3800. The business and property together are $700,000. A Hydrocarbon Dry Cleaning machine K-4, 50lbs was installed in Oct 2016. The cap rate is approx 5.5%.
Asking Price
$50,000
Cash flow
$125,000
Revenue
$332,626
Down
$179,000
Posting: 285221 | Available | 5/2/24
The business at this location, established by the seller in 1986, operates with the collaboration of one employee and two brothers, making it ideally suited for a husband-and-wife team. The dry cleaner plant is open for only five days a week, from Monday to Friday. It is near Park La Brea.
Asking Price
$179,000
Cash flow
$78,000
Revenue
$240,000
Down
$100,000
Posting: 286222 | Available | 4/22/24
This is a great opportunity to own a well-established and outstanding dry cleaner at a very reasonable price. This dry cleaner is one of the best in Agoura Hills, and it is very well-established and organized. They always get the job done right and on time.
Asking Price
$100,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 253057 | Available | 3/24/24
For sale is a dry cleaning business in Bakersfield, Kern County, California. It is located in a very busy shopping center. Training and support will be provided and agents/brokers accepted.
Asking Price
$120,000
Cash flow
$60,000
Revenue
$192,000
Down
$35,000
Posting: 283097 | Available | 5/6/24
For sale is a fully equipped dry cleaner (plant) in a heavy-traffic shopping center. It is next to a national chain grocery supermarket and bank. They have a Hydro Carbon 60lb, Sankosha shirts machine. The current owners have owned this business for 13 years.
Asking Price
$35,000
Cash flow
$199,000
Revenue
$425,000
Down
Call/Email
Posting: 258531 | Available | 2/27/24
This great location is located in the Central Gardena on the busy street next to Bank of America. It is a free-standing building with ample parking space. This is a well-established dry cleaning business. The business includes machines and equipment.
Asking Price
$350,000
Cash flow
Call/Email
Revenue
$250,000
Down
Call/Email
Posting: 276458 | Available | 7/28/23
This is a rare combo wet and dry cleaning store in San Ramon, CA. It has been established with the owner since 2009. Stain spotting is not required. The dual-combo wet and dry cleaning process allows anyone with minimal experience to operate the business. It is open daily from 9am-6pm.
Asking Price
$325,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283660 | Available | 3/18/24
For sale is a dry cleaners with a fully equipped dry cleaner plant, and is located in a huge shopping center with plenty of parking and traffic coming through. This location has a great reputation, uses a green earth drying system process, and is AQMD-free.
Asking Price
$249,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$40,000
Posting: 286160 | Available | 4/17/24
The store has been excellently located at a town shopping center next to the supermarket for the last 16 years, under the same owner. Due to the seller's urgent health issue, it's an asset sale and a quick sale. There is great potential for buyers who have experience in alterations.
Asking Price
$40,000
Cash flow
$84,000
Revenue
$180,000
Down
Call/Email
Posting: 285201 | Available | 4/20/24
For sale is a dry cleaner that is located in the best location of West Torrance, Los Angeles County, CA. The current owner has run it for 34 years and now wants to retire.
Asking Price
$140,000
Cash flow
$72,000
Revenue
$216,000
Down
Call / Email
Posting: 277048 | Available | 1/12/23
Well established and located in the upscale neighborhood of Beverly Hills, LA County. Fully equipped. Alteration & Laundry services are offered. 2000sf store size
Asking Price
$129,000
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingSouthern California
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
Before you buy a dry cleaners small business, read these critical tips about this industry. Discover why a dry cleaner needs to be "green" to be profitable. Peter Siegel, MBA (BizBen ProBuy, ProSell Program Advisor) explores this topic and other helpful strategies on buying a dry cleaning store.
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First the dreaded statistic: 80% of all business buyers looking to buy a small business never end up doing so! Peter Siegel, MBA BizBen.com Founder & ProBuy Director) covers successful tactics & strategies all business buyers of small to mid-sized businesses should utilize now to buy a business.
SBA large loan expert and advisor Peter Siegel, MBA (BizBen.com & SBALoanAdvisors.com Founder) shares his views and experience for getting the right SBA loan for larger deals, getting deals professionally prequalified & analyzed, and getting that loan through underwriting with fewer complications!
Many times when buying a business there are reasons why buying stock or buying assets is the better business decision. We explore these options on the BizBen Blog Post of which option may be better depending on the circumstances of the buyer (and seller) involved in the transaction taking place.
Many business owners fail to maximize their business' value because they don't have a proper strategy in place to do so. Failure to maximize your businesses value will make it harder to attract the most qualified buyers. Have a plan that ensures your business is as attractive & valuable as possible.
A business buyer in our ProBuy Program searching to buy a business asked me to sum up what I though the biggest mistakes business buyers make when they search for and bought a small business. I asked ProIntermediaries on BizBen their thoughts on the matter and received a diverse response.
It is not uncommon for business Owner/Sellers to get uncomfortable when a potential Buyer requires a SBA loan to purchase the Seller's business. Often times Owner/Sellers will say "the Buyer is the one getting the loan; why am I the one under the microscope?" This blog post addresses this topic.
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, MBA Founder of BizBen (and Lead Facilitator at BizBen) explores the issue of month to month leases in this blog/article.
Throughout the recession, it was very difficult to get approved for business purchase financing. If you are considering incorporating some alternative funding sources in your next small business acquisition, here is what you need to know to protect yourself and your investment.
For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
In our BizBen.com June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future.
Sometimes business brokers just can't win with their clients, because if an offer comes in too fast & too early then they must have lowballed the price & the seller is suspicious, and if not enough offers come in after putting the business on the market - they may look unproductive to their clients.
As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.
When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA a business purchase financing expert delves into the myths regarding SBA financing and business purchase financing.
We're hearing more and more about "crowd funding" through sites like gofundme and kickstarter as a possible way to raise the cash needed to buy a small business. This method of collecting funds has proven successful in other kinds of situations. Could this strategy work when buying a small business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Peter Siegel, MBA (BizBen ProBuy Program) and others explain a few of the ways that a buyer can beat out other buyers.
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.
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.
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.
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.
It can take months, sometimes longer to sell a small business. Here are 6 questions plus other information from myself plus other BizBen Users to ask yourself to help you determine why your small to mid-sized California business isn't selling. You might be surprised what those reasons are!
Should I Sell My Business During The Holidays Or Wait Till After The New Year? Business Broker Joe Ranieri and others chime in on this BizBen Discussion about selling a business during the Holiday Season.
Applying for a business acquisition loan can be challenging for someone who hasn't been through that process in the past. If one has a mortgage one knows that the value of the property being pledged has to at least equal the amount of the loan, SBA loans to buy a small business are very different.
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Peter Siegel (BizBen ProBuy Program) discusses this topic with others.
At What Point Do You Show Key Marketing Info And Materials To Buyers? Robb Hartman, Business Broker at BizBen discusses this topic with others on this BizBen Discussion.
Business buyers many times ask in my ProBuy consulting sessions - how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic.
The owner selling the business doesn't have recent financial information or documentation but insists revenues are increasing. Should buyers believe the seller? What should buyers do in this situation? ProIntermediaries on BizBen answer the question of verifying seller / owner's financial claims.
When considering buying a business that is losing money one has to be very careful. There are reasons that the business could be losing money that aren't fatal or extremely difficult to fix and there are other reasons that should send you running in the other direction. Peter Siegel, MBA explains.
Asking the seller straightforward questions and getting straightforward answers in return is an important part of the buying and due diligence process. In this Discussion, both ProIntermediaries and Advisors offer thorough questions you should be asking during your meeting with a business seller.
Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic.
