For starters, a pop-up restaurant is a short-lived dining experience in a temporary location, most found in abandoned factories or warehouses, rooftops, barns, or an already existing restaurant location, so basically anywhere done legally and safely. They exist for a few days, weeks or a few months.
One avenue that has consistently shown promise and potential for budding entrepreneurs is the world of franchise businesses. Buying a franchise business offers individuals an opportunity to step into a proven business model, benefiting from an established brand, operational framework, and support.
What is your goal in 5 years? Do you want to become a business owner? Buying a business can be an exciting, safe opportunity to gain financial freedom. But how to buy the right business? This article will walk you through the process of buying a business.
Today, we see more growth in the white-collar sector than we do in blue-collar entering the laundry business. We are also happy to see a rapidly growing representation of Black and Hispanic investors; women entrepreneurs are possibly one of the fastest growing segments.
I have found over the years that the biggest obstacle in getting a deal done is the landlord. The landlord either makes the sale and/or lease of the business possible or prevents the transaction from moving forward.
Selecting the right Mergers and Acquisitions (M&A) advisor is a pivotal decision for business owners contemplating the sale of their company.
Start-up costs are typically so high to build a restaurant from scratch that many current owners prefer to look for an existing restaurant that isn't doing so well and customize it as their own - second location. Joe Ranieri gives tips to restaurant owners buying a second location to expand.
Nothing can be more exciting, and a little daunting for a new owner than finally being handed over the keys to their newly owned restaurant. Many buyers, especially those who have never been business owners before are much too eager to make the restaurant "their own". Overspending can take place.
In my opinion and experience, an LOI may very well be appropriate for lower middle market transactions of $5,000,000 or more; but, for deals less than that an Asset Purchase Agreement ("APA") with contingencies on the actions of the buyer (and seller) is much more efficient and effective.
To start a business or try something new, starting a franchise business is a great option. In this blog, we'll break down everything you need to know about buying a franchise in simple, easy-to-understand terms. This guide is for business owners, whether experienced or new.
The coin-operated laundry business has undergone significant changes, evolving beyond its traditional model. Laundromats are now transforming into comprehensive "laundry businesses." This shift reflects a broader approach that goes beyond mere self-service coin-operated machines.
Since 2011 we have completed an additional 850+ transactions and in total since 1996 when I founded Restaurant Realty Company, we have completed over $1,000,000,000 (billion) of business and real estate transactions.
The following list is broken down as follows. Stage 1 -- Items you need to do before you sign a purchase contract. Stage 2 -- Items you need to complete after you sign a purchase contract, and Stage 3 -- Items you need to do in order to close escrow.
Buying a business is a big step for an entrepreneur to take. This is why utilizing the right business buying services is crucial as you go about your process. In this article, we will break down each service, what they are for, and why they are essential to your buying process.
Business valuation is crucial when selling or buying a business for several reasons: informed decision-making, strategic planning for growth, and due diligence. Every business owner has goals for growth and success, which is why knowing the value of your business is so important. Understanding your
The coin laundry is an all-cash, necessity of life service business. What could be better? Yet, understanding how the business justifies such a high purchase price is baffling. In fact, many times the value is so misunderstood that it results in investors over-paying. Sometimes grossly over-paying.
If inventory is an asset of the small business, why is it treated differently from other assets in setting the business value and conducting the transaction? Tim Cunha, San Francisco Bay Area Business Broker explores this topic about how the inventory amount affects a business valuation.
Seller financing is like the whole grain of business investing. It's very common to use seller financing methods to purchase a laundromat. It's not exactly free; you are still paying money for it. Furthermore, it's the business buying itself for you, especially if you can negotiate 100% seller...
Whether you are just jumping into the business world or have already been dealing with businesses, buying a business requires pre-planning and a strategic approach. Buying the right small business requires a lot of industry research and planning. Particularly if you are new to entrepreneurship...
Are you thinking about buying a business but not sure where to start? You're not alone! Buying a business can seem overwhelming, but with the right steps, you can make the process smooth and successful. In this guide, we'll break down how buying a business works, step by step. Let's dive in!
Although purchasing an established company can be a thrilling and lucrative opportunity, it also requires extensive planning and research. This guide will walk you through what to consider when buying a business, from the first steps of identifying the right type of business to the final stages of s
Cash flow is a great estimate of the sources and uses of cash. Essentially it measures the money flowing into and out of a business, serving a business's financial lifeblood, and indicates whether income exceeds expenses. Positive cash flow, where more money is coming in than going out, is a good s
Seller financing is an arrangement where the seller of a business provides a loan to the buyer to cover part of the purchase price. Instead of relying solely on traditional lenders such as banks, the seller be comes the lender, and the buyer pays in installments, typically with interest, over a...
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.
First thing you may be asking, what is a boutique gym? Simple, a boutique fitness gym is on average much smaller than your typical large-scale gym, ranging from 800 to 2,500 sq feet. In this BizBen blog post, Joe Ranieri (Southern California Business Broker) discusses this topic for gym buyers.
Owning your own laundry business can be the most rewarding adventures one can take professionally. But for some it is a nightmare. The most common reason for this is poor awareness & poor preparation. Chuck Post, Laundry Consultant For Sellers & Buyers chats about the process of buying a laundry.
Laundromats undeniably represent a fantastic business opportunity. They offer high returns and require minimal hours, making them an attractive investment. Even during severe economic downturns, laundromats prove resilient as they provide an essential life service, but why do laundromats fail?
Buying a business is an exciting alternative to starting from scratch. It lets you skip some of the challenges of building a startup from scratch, like building a customer base or creating a product, and instead jump into a company that's already up and running. But buying a business involves...