Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
When on your search to buy liquor store businesses, consider additional ways that you may use the location to generate additional revenue streams. Peter Siegel, MBA with BizBen.com discusses buying California liquor stores.
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.
Serving California laundry owners and investors, I am afforded the opportunity to see and analyze why various laundries make or lose money. Time and time again my associates and I work with our laundry clients analyzing what the true value of their laundry is and what can be done to improve it.
Posted By: Peter Siegel MBA: Large SBA Loan Financing Nationwide.
What are actual adjusted net earnings (cash flow) of a small business being purchased with business acquisition SBA Loan financing? That's an important amount that lenders need to know. Peter Siegel, MBA (BizBen.com, SBALoanAdvisors.com Founder) reviews this important concept with BizBen Blog users.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
A business buyer in our ProBuy Program searching to buy a business asked me to sum up what I though the biggest mistakes business buyers make when they search for and bought a small business. I asked ProIntermediaries on BizBen their thoughts on the matter and received a diverse response.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
Selling a small to mid-sized business in can be a difficult process for owners and intermediaries. Statistics show that over 70% of all owner / sellers never end up selling their small to mid-sized business. That is why we initiated the BizBen ProSell Program for business owners & intermediaries.
Posted By: Peter Siegel MBA: Large SBA Loan Financing Nationwide.
It is not uncommon for business Owner/Sellers to get uncomfortable when a potential Buyer requires a SBA loan to purchase the Seller's business. Often times Owner/Sellers will say "the Buyer is the one getting the loan; why am I the one under the microscope?" This blog post addresses this topic.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
People think of recycling and think of a facility that recycles trash. While this is true a large facility is expensive to open and operate. With that said, in this post, I will focus on 3 small business opportunities in the recycling industry that are more manageable for the average entrepreneur.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
First impressions are critical when selling a business - ask any potential business buyer. Peter Siegel, Founder Of BizBen explains why all potential small business sellers need to make sure that first impression is a good one.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
Buyers interested in buying a janitorial cleaning business will find companies in this industry for sale that are quite profitable. Careful due diligence, including the six factors covered in this blog post, is advised before completing a deal. Peter Siegel, MBA with BizBen explores this industry.
Posted By: Lee Petsas, Business Broker: Southern CA.
Due to the current state of the credit markets and bank financing, seller financing when selling a California small business is more important then ever in a business sale. Lee Petsas, Southern California business broker walks us through the nuances of owner carry notes - seller financing.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
When selling a California business, owners should use our salability checklist to determine whether the effort will be successful. Ten factors must be considered to properly prepare a business for sale. Three of the factors account for more than 50% probability of achieving success in selling!
Posted By: Christina Lazuric: Business Broker.
As a business broker, one of the most difficult parts of my job is dealing with landlords. Orange County is synonymous for unscrupulous landlords, and complicated, one sided leases. Christina Lazuric an Orange County Business Broker discusses dealing with landlords.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
Most owners know that when choosing a broker to help sell your business, it's good to find out about his or her background and maybe get some references of people who've worked with the professional. Before signing a listing agreement, it helps to know these extra things about the business broker.
Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.
The laundry business offers all of those rewards of business ownership, with much fewer headaches than with most other businesses. However buyer beware - Chuck Post, laundry broker and consultant covers several mistakes many first time laundry buyers commit when buying a California laundromat.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
Many Californians want to buy a coin laundry because it's a business that doesn't require full time owner attention and because, as an all cash business, the owner is always paid before the service is provided. But there are a few misconceptions about the business and a buyer should have the facts.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
When you are looking to buy a motel, you must do your due diligence. As you know, not all businesses are worth what the owner is asking so it is important that you know what makes a good motel and understand how it should be priced. Here's what you need to know to choose the best motel for sale.
Posted By: Lee Petsas, Business Broker: Southern CA.
A properly prepared purchase agreement is of foremost importance in any business purchase. Lee Petsas, a Southern California business broker defines what should be in a purchase agreement when buying a business.
Posted By: Christina Lazuric: Business Broker.
The first broker I ever worked for said, "Every deal you have will die at least 5 times before it closes. How you handle that, will determine whether you can survive doing this for a living." As I enter my 11th year doing this, I still smile at that memory because it is as true today as it was then.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
With the economy in growth mode, many owners of small companies who are ready to retire or invest in another enterprise would be smart to offer their business for sale. But some insist on hanging on as owner just a little bit longer. And that might be a mistake. Three reasons people make this error.
Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.
Unlike a traditional brick and mortar business, selling a home business requires more finesse on the part of the seller. You really need to do your due diligence and prepare the business to be sold in order to make it attractive to a buyer. Here are my tips to achieving a successful sale.
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.
When selling a small business you always run the risk of a lawsuit. They aren't as common as one may think in this litigious world in which we live in, but whenever there is money exchanging hands & attorneys involved the stage is set for a lawsuit. Various ProIntermediaries share their viewpoints.
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.
Who really represents the buyer? The selling broker or agent through dual agency? Many brokers and agents weigh in on this Discussion on BizBen. Bottomline is all business buyers need to know who really represents them and has their best interest at heart when seeking and negotiating on deals.
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.
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.
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.
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.
Successful sellers of small businesses need a game plan to sell their small business for maximum price and for the best terms. Peter Siegel, MBA discusses these seller strategies with Blog readers based on his experience as the founder of the BizBen ProBuy & ProSell Programs & SBALoanAdvisors.com
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