Posted By: Christina Lazuric: Business Broker.
Determining the right time to sell a private business is as much an art as a science, because there are so many factors at play and each business is unique. The timing of a business sale is critical. Christina Lazuric, CBI, Orange County Business Broker discusses this topic on this BizBen Blog post.
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.
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.
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: Vito Ranieri, Business Broker: LA, Orange Counties, California.
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.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
The latest BizBen.com survey of Business Brokers and Agents outlined what it takes to be a top ten percent performer in the business brokerage industry. From good communication to utilizing your resources, these traits are something to take note of and put into practice to be successful.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
Often business buyers actions cause a deal to tank but they never know why. Peter Siegel with the BizBen ProBuy Program discusses what mistakes business buyers make in the search process to buy a business with some of the best business brokers and recent sellers on BizBen about this topic.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
Despite challenges in the business for sale marketplace, some of the brokers who make a living by facilitating a deal between buyer and seller are known to stand in the way of a completed transaction because of some outdated ideas. Too bad they put greed ahead of the needs of their clients.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
In an advanced, technologically savvy era, virtually anything can be done, purchased or explored via cyberspace. As the market continues to expand and flourish, eCommerce owners can continue to reap in the selling of their online businesses. Peter Siegel, MBA (BizBen Director) explores this topic.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
When buying an eCommerce business several factors come into play: market position, competition, growth areas, recurring customer base factors and ratios, etc. On this BizBen blog post Peter Siegel, MBA (BizBen Director, Financing Expert) addresses some of these eCommerce factors for business buyers.
Posted By: Peter Siegel MBA: BizBen Founder, 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.
A business buyer in the BizBen ProBuy Program searching to buy a small business asked me to sum up what I thought the biggest mistakes business buyers make when they search for and bought a small business. I asked ProIntermediaries their thoughts on the matter and received a diverse response.
To receive the fullest exposure for selling their business, small business owner/sellers should make sure their listing broker or agent is co-operating with other business brokers and agents on their deal. Christina Lazuric a Orange County business broker discusses this topic with BizBen Users.
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.
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.
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 ft. In this BizBen blog post, Joe Ranieri (Southern California Business Broker) discusses this topic for gym buyers.
The use of add backs & annual cash flow is common among sellers when showing their financial info & explaining that the buyer will actually enjoy more bottom line than is shown. But buyers are cautioned to review docs provided closely. Peter Siegel, MBA Founder Of SBALoanAdvisors.com explains.
We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.
What are some reasons a business that was previously on the market with another broker didn't sell? Every broker or agent understands that not every business they list will result in a sale. There can be many reasons small businesses don't sell and many are discussed on this BizBen Discussion post.
Recently a business owner asked me on the phone, "Why do you keep the sale of a business confidential? How do you keep the sale confidential - any good tips?" Multiple Advisors weigh in on this subject. What would be your answer to this business owner? ProIntermediaries on BizBen discuss this topic.
ProIntermediary, Joe Ranieri (Business Broker) shares what buyers are looking for in this unprecedented market. COVID-19 has made curb appeal more important than ever when selling a restaurant. Sellers still have the power to attract buyers in this market with focus of a few key requirements.