BizBen ProSell Program: Professional Assistance - Selling A Business
Selling a small to mid-sized business can be a confusing and/or frustrating process. For over twenty-five years I have both bought & sold businesses as an individual, have been a highly successful business broker/intermediary, started BizBen.com and currently advise (ProBuy & ProSell Programs) both business buyers & sellers with buying and selling small to mid-sized businesses on a daily basis.
Here Is What You Will Receive From Our Niche ProSell Program (For Sellers & Intermediaries):
* Determine A Realistic Market Value (Price) Of Your Business - Realistic Pricing & Deal Structures That Make Sense In Today's Marketplace
* Quantify The Perfect Business Buyer For Your Business - Identify The Qualities Of A Real Buyer Who Can Close On Your Deal
* Assist You With Reaching Serious Business Buyers - What Channels & Networks On BizBen To Use & Why - For Your Particular Type And Size Of Business
* Pre-Qualify Your Business For Potential Buyer Financing - So Potential Business Buyers Don't Waste Time Finding Financing (Or If Financing Is Even An Option)
* Optimize A For Sale Posting & Banner Ads On BizBen.com - Giving You Optimized Exposure To Serious, Motivated Buyers For 6 Months (Most Businesses Usually Sell Within 3 Months On This Program)
* Refer You To Any Advisors & Resources That Will Help You Complete Your Transaction & Get It Closed Successfully
* Interview On The BizBen Sessions Podcast & Radio Program (Optional Add On)
More About My Experience:
I am the Founder and President of BizBen.com, serving buyers and sellers of small to mid-sized businesses for over 25 years. I have an Economics Degree and MBA (Entrepreneurial Studies & Financing Concentration) from UCLA. In addition to my frequent blog posts and articles about aspects of buying and selling small and mid-sized businesses, I have authored six books on the subject. Through my writings, consulting/advisory sessions, syndicated podcast, and online webinars, I have reached thousands of potential buyers, owner/sellers, intermediaries, advisors and professionals involved in the business for sale marketplace.
The cost of this program is a one time fee of $800 (payable via check, credit/debit card, or eCheck). There are no commissions or other fees associated with the BizBen ProSell Program.
Peter Siegel, MBA - Founder, Lead Facilitator at BizBen.com at 925-785-3118 Direct
Peter Siegel, MBA - Founder Of BizBen.com (over 25 years), I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I advise/coach buyers, sellers, and brokers daily about buying & selling small to mid-sized businesses throughout the Nation. I can be reached direct at 925-785-3118.
When it comes to selling you treasured business you need to allocate an agent that understands your industry and who knows how to talk the language of your specific business type. In my case, I specialize in home health care and hospices and I think that interviewing your listing agents is crucial. Make sure that you have specific questions to include:
1. How many years of experience do you have in my industry?
2. Can you demonstrate to me your value proposition?
3. What is your plan for selling my business?
4. What will you evaluate my business?
5. What specific training and or education do you have that makes you fluent in my specific industry?
6. What is your pre-during and post-sale strategy?
7. Can you explain how you will protect me and my interests during this transaction?
8. How will you vet any potential buyers?
9. Can you explain to me the reason for using an escrow company?
10. How will you protect my private information such as my tax returns?
This list is not an all-inclusive list but it may provide you some seeds to begin looking at your potential listing agent through a new lens. I do believe highly in Mr. Peter Siegel's BizBen ProSell Program and I think any added knowledge in helping you to make an informed business selling decision is paramount!
Place A Posting To Sell Or Buy A Business, Search All Postings
The owner selling the business doesn't have recent financial information or documentation but insists revenues are increasing. Should buyers believe the seller? What should buyers do in this situation? ProIntermediaries on BizBen answer the question of verifying seller/owner's financial claims.
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.
The use of add backs & sellers discretionary cash is common among sellers of businesses when showing their financial information & explaining that the buyer will actually enjoy more profit than is shown. But buyers are cautioned to review documents closely. Peter Siegel, MBA with BizBen explains.
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.
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.
When considering buying a business that is losing money one has to be very careful. There are reasons that the business could be losing money that aren't fatal or extremely difficult to fix and there are other reasons that should send you running in the other direction. ProIntermediaries discuss.
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.
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?
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.
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.