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Blog Posts & Articles Related To: Due Diligence Issues

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Business Buyers Biggest MistakesWhat Are Business Buyers Biggest Mistakes? We Examine The Most Common

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   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.
Laundromat Due DilegenceLaundromat Due Diligence - Use Of Water Records, Conducting Investigation

Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.   A laundromat needs to be thoroughly looked over before a buyer should complete an acquisition. The income is important of course but, the path forward is even more important. Chuck Post, Laundry Advisor, Due Diligence Consultant offers laundry buyers valuable advice on this BizBen blog post.
A Checklist For Business BuyersBuying A Small to Mid-Sized Business: A Checklist For Serious Buyers

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   The idea to have a buying a business checklist follows the adage that it's always useful to start with a plan when searching to buy a small business for sale. Peter Siegel, MBA Founder of BizBen.com and top advisor of the BizBen ProBuy Program suggests six items for all business buyers to utilize.
Buying A Laundry Watch Out For Making These MistakesWhen Buying A Laundry Watch Out For Making These Mistakes

Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.   The laundry business offers all of those rewards of business ownership, with much fewer headaches than with most other businesses. However buyer beware - Chuck Post, laundry broker and consultant covers several mistakes many first time laundry buyers commit when buying a California laundromat.
Laundromat Expert Due Diligence Check ListLaundromat Due Diligence: Laundry Broker Discusses Top Contingencies

Posted By: Larry Larsen: Laundry Specialist - Southern CA.   Laundry Broker and Consultant Larry Larsen discusses laundromat due diligence when buying a laundry. He draws on his years as a laundry owner, buyer, and now long time Southern California laundromat broker and consultant. He covers phrases he would review and include in a purchase agreement.
10 Questions Buying A BusinessThe Top 10 Questions You Should Ask Before Buying A Business

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Before buying a business all business buyers should ask themselves some key questions about possible buying a small California business, franchise, or opportunity. Covering these questions will determine if you are in the right time of your live to possible buy a business and become an entrepreneur.
Due Diligence When Buying A Coin LaundryDue Diligence - Buyers Role When Buying A Coin Laundry

Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.   What is the extent of the buyer's obligation to investigate a business before purchasing it? Chuck Post a specialist in assisting buyers and sellers with coin laundries in California explores his views on laundry due-diligence.
Telling Buyers About Unreported IncomeSelling A Business: Telling Potential Business Buyers About Unreported Income

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   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.
High Purchase Prices Tank DealsWhy Deals Fail: Unrealistic High Asking Prices Are Usually The Culprit

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   The unfortunate truth is that approximately 50% of all small business sales transactions fall through. While failed transactions can happen for a variety of reasons, Peter Siegel, MBA (BizBen Founder & Lead Advisor) discusses the most common reason deals fall through; unrealistic asking prices.
Uncover Hidden Problems In Due DiligenceUncover Hidden Problems In Due Diligence When You Buy A Small Business

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Most everyone who's decided to buy a small business in California knows the importance of due diligence. That involves close examination of a business prior to removing contingencies. But not everyone knows how to uncover problems that are not obvious. Here are five of the most common hidden issues.

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Business Brokerage Questionable Practices Sellers: Watch For These Business Broker Questionable Practices

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Questions When Buying A Liquor Store Buying A Liquor Store: 3 Questions To Consider And Ask Before You Purchase

Buying a liquor store? First, ask yourself these three critical questions to find out if owning a liquor store is right for you. Questions like hands on vs absentee ownership, inventory turnover, licensing issues. Peter Siegel, MBA (BizBen ProBuy & ProSell Program Lead Advisor) explores this topic.
Selling A Business 13 Crucial Tips Selling A Small To Mid-Sized Business: 13 Crucial Items To Sell A Business

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Giving Buyers Tax Returns Should Sellers Of Small Businesses Give Potential Buyers Their Tax Returns?

Should small business owners/sellers or brokers/agents give potential buyers direct access to past company tax returns and financials (profit & loss statements) either before or pre the due diligence process? Multiple ProIntermediaries and ProAdvisors discuss this topic on this BizBen Discussion.
Great Questions To Ask A Seller As A Business Buyer What Questions Should I Ask The Owner, Seller Or Broker?

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.
Appealing To Restaurant Buyers During COVID Tips On Selling A Restaurant: Appealing To Restaurant Buyers During COVID-19

ProIntermediary, Joe Ranieri (Business Broker) shares what buyers are looking for in this unprecedented market. COVID-19 has made curb appeal more important than ever when selling a restaurant. Sellers still have the power to attract buyers in this market with focus of a few key requirements.
Reason For Not Selling Business What Are Some Possible Reasons My Broker Didn't Sell My Small Business?

What are some reasons a business that was previously on the market with another broker didn't sell? Every broker or agent understands that not every business they list will result in a sale. There can be many reasons small businesses don't sell and many are discussed on this BizBen Discussion post.
Unreported Income Claims By Sellers Unreported Income Claims By The Seller - What Should A Business Buyer Do?

One of the most difficult challenges when purchasing a small business is expressed by this prospective buyer of a liquor store who is told by the seller that there is more money being made than shows up on the books. Should the buyer accept that statement by the seller & go ahead with the purchase?
3 Car Wash Types To Purchase Buying A Car Wash Business: 3 Successful Types Of Car Washes To Consider

One of the most popular business searches (and eventual business purchase) on BizBen is the self serve and full service car wash. Peter Siegel, MBA (ProBuy & ProSell Programs Director) with BizBen.com reflects on three types of car wash models and what buyers should look for in a car wash purchase.