Buying a yogurt shop for sale and running a successful business starts with financing. The capital investment required to buy a yogurt shop for sale can doom a business from the start with difficult repayment terms. Many business owners put themselves in a financial hole that is difficult to dig out of if they are underfunded or are paying back a loan on complex terms. Roughly 10% of business purchases are all cash deals, but the overwhelming majority are financed in some way. They key to a successful business when buying a yogurt shop for sale is to finance the right way and not just "some way".
Financing A Yogurt Shop For Sale In Today's Credit Market
Even today, credit can be difficult to secure for a total 100% finance on a purchase. Many traditional bank loans will require non-business collateral that will often equal the value of the yogurt shop for sale. A popular misconception about the Small Business Administration is that they offer loans. The SBA only guarantees the loans made by lenders to help mitigate risk. However, the usual problems with securing a loan are still in effect. One of the most effective methods for financing a yogurt shop for sale in today's market conditions is through seller financing.
Leveraging Seller Financing To Purchase A Quality Yogurt Shop For Sale
Seller financing offers many benefits, and it is becoming increasingly more common due to the hurdles in the way of traditional loans. Seller financing today can typically cover anywhere from 30% up to 70% of the total purchase price of a yogurt shop for sale.
From the buyer's perspective, seller financing is a good sign. A seller that wants to finance their own sale shows confidence that the yogurt shop for sale is a solid business that will continue to be profitable. Otherwise, why would they want to remain financially attached after the sale?
When it comes to financing terms, buyers can expect to pay between 5% and 8% interest over the life of the loan. Best of all, buyers have the option to be much more flexible on the terms than with a bank. For example, deferring the first 3 months' payments, make the first year's payments all principal, or arrange for no prepayment penalties. Best of all, the need for collateral is nearly removed since the seller's lien is against the business and not the buyer personally.
Consider seller financing when looking for a yogurt shop for sale in order to position the business to be profitable right from the start.
Looking to buy a yogurt business? See all yogurt shop businesses for sale in California - or sell a yogurt business and reach thousands of yogurt shop buyers. Also keep up to speed on the California yogurt store news (with industry business brokers & experts) with upcoming BizBen Online Webinars.
About The Author: Peter Siegel, MBA is the Founder of BizBen.com (established 1994 - 9000+ California businesses for sale, 200 new listings daily) and the Director of the BizBen Network - Peter Siegel, MBA can be reached direct at 925-785-3118 to discuss selling a yogurt shop, financing a yogurt shop purchase, or buying a California yogurt store.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|Harry Sidhu, CBB, Broker: SF Bay Area, Central Valley, SAC Region
Assisting both sellers and buyers of businesses - dealing mainly with Liquor Stores, Grocery Markets, Gas Stations, Smoke Shops, Restaurant Related, Retail Related, Service Related. Serving SF Bay Area, North Bay, Sacramento area. Call Harry Sidhu, CBB for assistance at 510-366-6130.
|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.
|Bob Baumgarten, Business Broker: Orange, LA Counties
National Business Brokerage is a full service brokerage company that has been serving buyers and sellers of Southern California businesses since 1994. We are dedicated to providing the highest standards of professional service for our clients. Phone Bob direct at 949-588-8727.
|Ken Oppeltz, Business Broker, San Diego County
We have been San Diegos premier business broker and merger and acquisition specialist since 1989. Staffed with some of the best-qualified and most experienced business brokers in the industry, our professionals have all earned or are candidates for the Certified Business Intermediary (CBI).
|Mani Singh, Business Broker, Riverside, San Bernardino Counties
I have successfully represented clients sell & acquire multitude of businesses ranging from Gas Stations, Liquor Stores, Markets, Super Markets, Smoke Shops, Postal Stores, Restaurants, General Retail, Auto and Construction related. Phone me for assistance with selling or buying at 951-296-7646 Cell
|Rick Carlson, Business Broker - Southern California
You Will Never Feel Lost In The Shuffle. Many Brokers Simply Send Out An NDA And That's The End Of Communication. All Buyers Receive A Personal Meeting With An Ace Acquisition Specialist So They Can Recommend The Perfect Business For You. Phone Rick direct at 800-985-4939.
|Steve Zimmerman: Restaurant Broker Specialist
Steve founded Restaurant Realty in 1996. He has personally sold/leased over 900 restaurants, bars & clubs, & completed over 3000 valuations. The author of "Restaurant Dealmaker - An Insider's Trade Secrets For Buying a Restaurant, Bar or Club" available on Amazon. Reach Steve direct at 415-945-9701.
|William Park, Business Broker - Southern California
Highest Volume Broker in California, Simply Check our HUNDREDS of Listings! Over 25 Associates, Speaking Dozen Languages, Helping Buyers and Sellers of Small Business since 1982, Centrally Located between Los Angeles and Orange Counties, while Riverside & San Bernardino Counties are Very Accessible.
|Related Articles, Events, Blog Posts, Discussions, Videos, Interviews|
|Financing The Purchase Of A Frozen Self-Serv Yogurt Shop - Tips For Buyers
Financing a frozen self-serv yogurt shop for can be challenging. Here, you'll learn the real scoop behind financing a yogurt shop purchase to help it be profitable from the start. Peter Siegel at BizBen.com
|Buying A Restaurant Can Be Challenging: 3 Key Tips For Restaurant Buyers
People always need to eat; there should be plenty of business. Some buyers think there is prestige to owning a popular eating establishment. But it isn't an easy purchase. Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program at 925-785-3118) reviews this topic.
|Buying A Pizza Restaurant, Pizzeria Tips: What Pizzeria Buyers Need To Know
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.
|Restaurant And Fast Food Franchises - Successful Tips From Franchise Buyers
Restaurant franchise offerings are among the most popular of the business types potential business buyers seek. What many would-be owners don't realize is that there are specific tips for buying fast food or restaurant franchises that don't necessarily apply to independent restaurants for sale.
|Don't Buy A Restaurant Without Checking The Competition - Key Buying Tips
Looking to buy a restaurant business? Check out these tips first to avoid getting blindsided when you buy any type of small or mid-sized California restaurant. Peter Siegel, MBA (BizBen's ProBuy & ProSell Programs & Restaurant Purchase Financing Expert) at 925-785-3118 covers this topic for buyers.
|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.
|Thinking Of Selling My Business: What Factors Create Value And Drive Price?
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion Post on BizBen are aspects of a business that really drives its value and pricing. Business owners thinking of selling should check these out these factors before selling.
|Sellers Ask: How Long Should I Wait For The Buyer To Do Their Due Diligence?
Business sellers & buyers ask the question in the buying process-how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic.
|See All News, Tips And Events|