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Laundromat Purchases Information
Buying A Laundry Business: Tips From A Laundry Broker
I get calls all the time from people who want to open a Laundromat. As I've said before, it's a popular business with many compelling owner benefits: A flexible schedule, A casual dress code, Its un-stressful nature, A good return on investment, and Being your own boss. Steve Erlinger explains.  By Steve Erlinger   View All Steve Erlinger Blog Posts
Unreported Cash
Unreported Income: Should Sellers Disclose Unreported Cash To Potential Buyers?
Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.  By Peter Siegel, MBA   View All Peter Siegel, MBA Blog Posts
Buying A Coin Laundry
Buying A Coin Laundry - What All Buyers Need To Know
Buying a coin laundry like other types of small business purchases has its nuances. Chuck Post a business broker specializing in assisting those selling and buying coin laundries shares his knowledge with coin laundry buyers and what to watch out for when searching for and buying laundromats.  By Chuck Post   View All Chuck Post Blog Posts
Buying A Bar Due Diligence Issues And Tips
Buying A Bar - Due Diligence Issues & Tips
A BizBen blog reader emailed me this question: "I am starting due diligence this week on buying a cocktail bar With a 48 license what should I be asking for, thinking about, watching out for? Is there a list of items I should ask for?" Peter Siegel with BizBen answers this question.  By Peter Siegel, MBA   View All Peter Siegel, MBA Blog Posts
Using Rules Of Thumb To Value A California Small Business
Using Rules Of Thumb To Value A California Small Business
Many business buyers try to use a rule of thumb to value a business. This is a valuable tool but if you actually try to purchase a business based on it, you are sure to regret it later. Willard Michlin, CPA (800-864-0420) discusses rules of thumb issues when buying a California business.  By Willard Michlin   View All Willard Michlin Blog Posts
How Do I Sell My Business Without Getting Sued
How Do I Sell My Business Without Getting Sued
A question sellers ask: how do I sell my business without getting sued, isn't a subject just for discussions with lawyers. A seller can take some precautions to reduce potential legal problems. Peter Siegel, MBA Founder Of BizBen and BizBen.com's ProBuy and ProSell Programs discusses this topic.  By Peter Siegel, MBA   View All Peter Siegel, MBA Blog Posts
Business For Sale Purchase Agreement
Properly Prepared Purchase Agreements
A properly prepared purchase agreement is of foremost importance in any business purchase. Lee Petsas, a Southern California business broker defines what should be in a purchase agreement when buying a business.  By Lee Petsas   View All Lee Petsas Blog Posts
Buying a Smog Test Only Shop
Buying a Smog Test Only Shop? 10 Big Questions To Ask
Thinking of buying a smog test only shop? Know the 10 big questions before proceeding. Willard Michlin, CPA and Due-Diligence Expert/Consultant explains what you need to know about buying and selling California smog test shops before actually buying one.  By Willard Michlin   View All Willard Michlin Blog Posts
Checklist When Selling A California Small Business
Selling A California Small Business? This Checklist Will Determine Your Success
When selling a California business, owners should use our salability checklist to determine whether the effort will be successful. Ten factors must be considered to properly prepare a business for sale. Three of the factors account for more than 50% probability of achieving success in selling!  By Peter Siegel, MBA   View All Peter Siegel, MBA Blog Posts
How To Create A Business Plan
How To Create A Business Plan For A Small Business
A business plan is a living document that should serve several purposes for your business. When you are buying a small business, a business plan will assist you in obtaining business purchase financing by showing lenders and investors how you plan to repay their loan by running a profitable company.  By Peter Siegel, MBA   View All Peter Siegel, MBA Blog Posts
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