BizBen ProBuy Program - Buying A Business Assistance

Save This Blog Post • Share This Blog Post • My Notes About This Blog Post • Print This Blog Post

BizBen ProBuy Program Buying A Business Assistance

Buying a California 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 due to lack of information and not knowing about the right resources and channels to find and buy a business.

For over twenty years, BizBen has provided advisory services to business buyers to help them locate California small to mid-sized businesses to purchase, provide business purchase financing referrals, and resources to get their deal completed.

This program has had a high degree of success throughout the years and continues to provide the results buyers require in finding and buying a California business successfully.

The BizBen ProBuy Program For Business Buyers Includes:

1. Individualized Phone Consultations To Determine What Businesses Are Best To Purchase (For Your Specific Background & Interests), Best Practices Discussed On Working With Intermediaries & Business Owner/Sellers, How To Analyze A Potential Business Purchase & Deal, Introductions To Resources To Get Your Deal Completed Successfully.

2. Financing Pre-Qualification For All Possible Business Purchase Financing Options To Buy A Business (Or If You Qualify At All) - Discussion Of Deal Structures Will Also Be Covered.

3. An Introduction To Specific Individuals At Lenders & Financial Institutions To Provide Financing - SBA Loans, Commercial Lending, Retirement Plan Conversions, Hard Money Loans, Seller Carry Back Note Purchases (These Introductions Only Apply If Buyer Qualifies For Business Purchase Financing).

4. Define Buyers Criteria - Types Of Businesses Wanted, Geographic Areas Wanted, Amount Of Capital Available For Down Payment & Purchase Price, etc. We'll Get The Word Out To Interested Business Brokers, Agents, Sellers, Owners, Intermediaries, & Advisors About Your Search Criteria.

5. Refer Buyer To Any Professional Resources That Will Help Them Complete Their Deal & Get It Closed Successfully.

6. We Provide A Professionally Written & Optimized Business Wanted To Buy Posting & Buyer Profile On BizBen.com For 6 Months. If You Still Have Not Purchased A Business Within The Six Month Time Period, You Will Receive An Additional Six Months For FREE!

The cost of this BizBen ProBuy Program for business buyers is a one time fee of $400 (good for one year!) and provides all of the above advisory, financing assistance (SBA or Non SBA financing assistance) and advertising/marketing services. The ProBuy fee can be paid via a credit or debit card (over the phone) or by check.

For more information regarding the BizBen ProBuy Program or to sign up, phone Peter Siegel, MBA at BizBen direct at 866-270-6278.

Categories: BizBen Blog Contributor, Buying A Business, How To Buy A Business

Comments Regarding This Blog Post

Contributor: Ralph Santos, Broker Specialist, Health Care

As a healthcare provider of over 20 years and a now practicing Realtor� it amazes me when I talk with interested buyers who do require the guidance and assistance of an honest and an ethical professional to help them in navigating the purchase of a business. I often find that using a program, such as the one that Mr. Peter Siegel's ProBuy Program at BizBen offers is a vital starting point to avoid endless headaches and worse yet spending money on an erroneous haphazard venture. It is always good to be well informed before making such a milestone decision as investing in a business.

I would echo my colleague in this string and I, your home health and hospice expert, will pay the cost for the ProBuy Program if, in fact, you opt to work with me in the purchase of skilled home health or hospice business. I understand that trusting an agent is not an easy task, but losing money in a needless manner is even less conceivable.

Contributor: Timothy Cunha JD: Business Broker, SF Bay Area

Business buyers come in many "shapes and sizes" ... and often they are new to the process. But, even "veteran" business buyers can use guidance and counseling. While sometimes people may retain a "buyer broker," Peter Siegel's BizBen ProBuy Program is a much-needed resource to help prospective business buyers:

1. Determine what kind of business truly suits their resources, experience, expertise, and lifestyle.
2. Prepare their "buyer profile" to make them more attractive to business sellers.
3. Apply and pre-qualify for business-purchase financing.
4. Learn how best to work with business brokers and business owners selling on their own.

In fact, I am so impressed with the calibre of buyers once they have been counseled by Peter, that if they choose my brokerage to represent them as a buyer, my agents and I will pay the full fee they have paid for ProBuy to the escrow agent to offset their closing costs in the event they purchase a business through us. So, in effect, the ProBuy program will have cost them nothing.

Contributor: Chuck Post: Laundry Specialist, Consultant, Due-Diligence

Peter, thank you for providing these services to Buyers. Many Buyers i speak with bring up the level of difficulty in dealing with brokers and obtaining information. Many feel left out and are clearly not aware of the process in dealing with brokers; and the difference between consultants and brokers. Several take the lack of information sharing suspiciously. So thank you again for providing these services and even more for letting people know that these services are available.

Helpful Resources To Assist In Selling And Buying California Businesses

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.

Joe Sandbank, Esq. - Legal Services

I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process.

Brad Steinberg, Broker - Laundromat Specialists

PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.

Elizabeth McGovern: Escrow Services - SF Bay Area

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.

Ranvir S. Sandhu, Esq. - Legal Services For Buyers And Sellers

I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Helen Yoo: Escrow & Bulk Sale Services - Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Janet Carrera - Escrow & Bulk Sale Services - SF Bay Area

Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.

Related Articles, Events, Blog Posts, Discussions, Videos, Interviews

Why Deals Fall Out: Unrealistic High Asking Prices Are Usually The Reason

The unfortunate truth is that approximately 50% of all small business sales transactions fall out. While failed transactions can happen for a many reasons, Peter Siegel, MBA (BizBen Director & Business Purchase Financing Expert) discusses the main reason deals fall through; steep asking prices.

Tips For Faster SBA Loan Approvals For California Small Business Purchases

In this article on BizBen, business purchase financing advisor and SBA loan broker, consultant Peter Siegel (Business Purchase Financing Expert/Advisor & the ProBuy Program Director at BizBen) at 866-270-6278 shares his views of getting SBA loan financing faster for business purchase financing.

Find Out Why 80% Of California Business Buyers Never Find And Buy A Business

First the dreaded statistic: 80% of all California business buyers looking to buy a small to mid-sized business in California never end up doing so! Peter Siegel, MBA BizBen Founder And Director at 866-270-6278 covers successful tactics all business buyers of small businesses should utilize.

What Is The Typical Business Broker Fee For Sellers And Buyers? Who Pays It?

Was just asked the question from a business owner what the "typical commission" amount is for a broker or agent and if upfront fees are common? Thought this might be a great Discussion topic on BizBen for both business owner/sellers and potentially for business buyers (buyer representation).

Buyer Beware: Does A Company's Culture Effect The Sale Of A Small Business?

When purchasing a small to mid-szied CA business, there are a many items to evaluate. One area that is often overlooked is the business's office culture. Peter Siegel, MBA with BizBen discusses with business buyers the importance of understanding how the business "feels" on a day-to-day basis.

Unreported Income: Should Sellers Disclose Unreported Cash To 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.

Before Buying A California Business, 10 Questions You Should Ask Yourself

Before buying a business, all serious business buyers should ask themselves some key questions about possible buying a small California business, franchise, or opportunity - from Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program Advisor with BizBen) at 866-270-6278.

Buy A Business Or Start From Scratch? 5 Key Differences For Business Buyers

Some buyers believe it's better to start a business from scratch rather than buy an existing enterprise. While this may be good advice in some cases, usually it's not the best strategy. Here are five tips to help a buyer make the right decision from from Peter Siegel, MBA (BizBen Director).

See All News, Tips And Events

Southern California Legal Services For Buyers And Sellers

BizBen ProBuy Program - Buying A Business Assistance

Please confirm your registration by clicking the link we've sent to .

If you can't see it, please check your junk mail folder.

If you have any problems registering, or need assistance with your new BizBen User Account please phone BizBen Customer Support at 888-212-4747.