Posted By: Vito Ranieri, Business Broker: LA, Orange Counties, California.
This question is bound to come up from a seller to a business broker at one point in their relationship. The truth may discourage a seller who desperately needs to sell, because in all honestly, many times in can take months. All restaurants are different - Joe Ranieri, Business Broker explains.
Posted By: Tim Cunha JD, Business Broker: San Francisco Bay Area.
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.
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.
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?
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.
Read why longer leases increase the value of a card or coin laundromat when buying or selling a laundry. Chuck Post (Laundry Advisor, Consultant at 619-227-5711) expands on the topic of lease structures on the purchase or selling of a laundromat. He also discusses tips on working with landlords.
Posted By: Peter Siegel MBA: Large SBA Loan Financing Nationwide.
When seeking large SBA business acquisition financing loans, it helps to review seller's add backs (cash flow analysis) as a source of funding to service the debt. Peter Siegel, MBA - SBALoanAdvisors.com Founder covers this specific topic for business buyers, owner/sellers, agents, business brokers.
Posted By: Peter Siegel MBA: Lead Advisor.
Four factors to consider when buying a bar. Peter Siegel with BizBen.com discusses: The advantages and disadvantages of a bar that serves food as well as liquor. Staffing, inventory control and owner involvement as they relate to a good business are summarized. Benchmarks when looking at financials.
Posted By: Tim Cunha JD, Business Broker: San Francisco Bay Area.
Would you like to know what your business is worth? What's more, what it could be worth with a small amount of effort and investment? Business brokers have a variety of methods to determine value. Tim Cunha, JD a SF Bay Area Business Broker discusses his answers to this question about valuation.
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.
When investing in a laundry business, there are two methods. One is preferred, but the other is far more common. If you are considering entering into a new industry, like most now entering the laundry industry, you want to have a good understanding of both opportunities. Chuck Post explores both.
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.
Buying a coin laundry like other types of small business purchases has its nuances. Chuck Post a laundry specialist 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.
Posted By: Laundry Specialist - Southern California.
The coin laundry industry is nearly 50 years old and most laundries are operated by individual owners. Mike Hurrell with Golden State Laundry Systems discusses how to buy a coin laundry. Topics include financing a coin laundry, what to look for, what types of laundries are available in Southern CA.
Posted By: Peter Siegel MBA: Lead Advisor.
Peter Siegel, MBA discusses buying pizza restaurant for sale tips and what to watch out for. Topics: Owner involvement in the business as pizzerias are most successful when the owner is onsite. Also discussed is the importance of location and reviewing all financial and tax information.
Posted By: Peter Siegel MBA: Lead Advisor.
Owners often ask agents to sell business offerings for them. It's usually more difficult than selling houses when working to find a buyer for a business, to satisfy contingencies and close escrow. Business sales intermediaries either agents or brokers may want large fees, but often are worth it.
Posted By: Peter Siegel MBA: Lead Advisor.
7-Eleven franchises are one of the biggest names in the convenience store industry. Established in 1927, there are now more than 8,500 7-Eleven franchises across the U.S. & Canada giving them a substantial portion of market share. So with so many locations, is a 7-Eleven franchise a good investment?
Posted By: Peter Siegel MBA: Lead Advisor.
Selling a business online, while often effective for finding the right buyer, is a strategy sellers need to execute correctly in order to be successful. That means avoiding the six common mistakes made by sellers. Peter Siegel, BizBen Founder talks about what it takes to effectively sell a business.
Posted By: Peter Siegel MBA: Lead Advisor.
Some prospective business purchasers ask if they should buy an employment agency. California's declining unemployment suggests a healthy market for businesses that connect job openings with applicants. It's important to know how to evaluate opportunities when seeking this type of business for sale.
Posted By: Peter Siegel MBA: Lead Advisor.
In my experience working with the "right banks and financial institutions" repayment ability sometimes overrules collateral pledged by someone needing financing for a business purchase or a down payment. Peter Siegel, MBA - BizBen's ProBuy, ProSell Lead Facilitator explores this important topic.
Posted By: Peter Siegel MBA: 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.
Posted By: Peter Siegel MBA: Lead Advisor.
Most business acquisition financing strategies involve borrowing money to meet the purchase price. But an entirely different approach, equity sharing, is sometimes pursued if borrowed money is not wanted, or is not available to complete the purchase. Peter Siegel, MBA - BizBen.com covers this topic.
Posted By: Peter Siegel MBA: Lead Advisor.
Buying a small to mid-sized business can be a confusing and/or frustrating process for many buyers. Statistics show that over 80% of all buyers never end up buying a business. The ProBuy Program assists potential buyers with the process of finding, evaluating & buying a small to mid-sized business.
Posted By: Peter Siegel MBA: Lead Advisor.
Peter Siegel, MBA discusses buyers who want to buy a business or franchise know about asking the seller to provide part of the financing with a carry-back note. Many business buyers need some cash to help fund the down payment and for working capital. Here are four ideas about how to get that money.
Business buyers, brokers, owner/sellers all ask this question at some point. So I decided to ask some of the top Intermediaries in the California marketplace what they thought of the idea. Most of the ProIntermediaries on BizBen agreed with me on taking early possession before the close of escrow.
Doing due diligence when buying any type of business is extremely important. Regardless of what type of business you are buying there are certain things you will always look at such as, financials, equipment, legal issues etc. We take a look at several angles for optimal gas station due diligence.
Lee Petsas (Southern California Business Broker) shares his concerns regarding some questionable business practices by some California Business Brokers lately. Other Business Brokers and Advisors weigh in as well on this BizBen Blog post with other "dirty tricks" they have observed and heard about.
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. Joe Ranieri, Business Broker shares his tips.
One of the most popular business searches on BizBen.com is the self serve and full service car wash. Peter Siegel, MBA - BizBen.com (ProBuy & ProSell Advisor) & SBALoanAdvisors.com Founder reflects on three types of car wash models and what buyers should look for in a car wash purchase & financing.
An often overlooked aspect of selling (or buying) a small business is taking back-up offers during the entire process of selling (or buying) a business. Most sellers (or buyers) don't realize that over fifty percent of all deals/contracts fall out escrow or contract for one reason or another.
Chuck Post, a leading laundry expert with over 37 years of developing laundries, retooling, and rebranding hundreds of existing laundries, tells investors how to search, find, evaluate, and do good laundry due diligence laundries for acquisition. A must read for new investors & current operators.
Even without meaning to be dishonest, sellers or brokers talking to someone who wants to buy a small business often make statements that are not true. And sometimes what is said is known to be a lie. The buyer is smart to carefully evaluate what they hear - six untrue statements sometimes told.
What should your business broker do for you to successfully sell your small to mid-sized business? Well, there's many things that a qualified business broker can and should be doing for you. Multiple ProIntermediaries and ProAdvisors give suggestions and tips to sellers in this BizBen Discussion.
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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