When buying a business you may also have the option to buy the building it occupies. There are advantages and disadvantages to owning commercial property. In order to determine whether or not you should buy the property that comes with a business purchase, here are a few questions to ask yourself.
Lee Petsas, a Southern California business broker explores: How much consideration should I give as deposit? Are Deposits refundable and when? Cashing deposits & opening escrow, Return of deposit to buyer, Why do we take a deposit from buyers when preparing & executing a purchase agreement contract?
Utility rates are on the rise. I am getting calls from laundry owners complaining of the costs, asking for ideas. So what is the answer? What is the best approach in combating these costs? Chuck Post, laundry consultant discusses strategies for keeping coin laundry utility costs under control.
Lee Petsas (Southern California Business Broker) shares his concerns regarding some questionable business practices by some California Business Brokers lately. Other Business Brokers and Advisors weigh in as well on this BizBen Blog post with other "dirty tricks" they have observed and heard about.
Buying a California business involves reviewing due diligence checklists so buyers can learn enough to determine whether to proceed with a deal. Here's a due diligence checklist of the items a buyer should request for review, and sellers should plan to make available for a serious purchaser.
Four factors to consider when buying a bar. Peter Siegel with BizBen.com discusses: The advantages and disadvantages of a bar that serves food as well as liquor. Staffing, inventory control and owner involvement as they relate to a good business are summarized. Benchmarks when looking at financials.
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 feet. In this BizBen blog post, Joe Ranieri (Southern California Business Broker) discusses this topic for gym buyers.
If you are looking at California smog shops with the idea of buying one in order to have your own business, you'll be pleased to know this type of company can be quite profitable if operated properly. To get the best return on your investment in this business, plan to work as the test technician.
Those seeking to buy gas station business opportunities need to know about five factors that can make this purchase particularly risky compared to other businesses.
Buying a nail service business requires careful consideration during the due diligence process. Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program Advisor with BizBen) at 925-785-3118, discusses the important factors to focus on when valuing & buying a nail salon shop.
To be successful in buying a small business you must be able to look objectively at the company and determine whether or not it is a business that will be able to grow into the future. The key to long term survival is when a business is able to change and grow along with the needs of their consumer.
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.
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.
Most everyone who's decided to buy a small business in California knows the importance of due diligence. That involves close examination of a business prior to removing contingencies. But not everyone knows how to uncover problems that are not obvious. Here are five of the most common hidden issues.
Baby Boomers are changing our economy in many ways and predications about how our aging population will impact the future keep rolling in. From a small business perspective, the aging population presents a business opportunity for an Entrepreneur looking to get in to the senior care business.
Most people who think they want to buy a gas station don't realize that finding the right business to own in this industry and determining its fair price pose more complex problems than buying a fast food franchise, retail store or most types of businesses. There are many variables to consider.
Since most people who want to acquire a business for sale spend their time and energy responding to ads, it's no wonder that a majority never find a company they want to buy. Meanwhile, proactive buyers "push" their requirements and qualifications to purchase, and attract owners ready to sell.
Californians who buy smoke shops can enjoy profitability if the businesses are chosen carefully. Despite the anti-smoking movement, enterprises that sell cigarettes, cigars and smoking paraphernalia serve a market that remains substantial. But it's important to understand your purchase options.
Many times when buying a business there are reasons why buying stock or buying assets is the better business decision. We explore these options on the BizBen Blog Post of which option may be better depending on the circumstances of the buyer (and seller) involved in the transaction taking place.
The key to successfully selling your deli or any other business for that matter is preparation. Being prepared to sell your deli restaurant could mean the difference between closing a deal and not. With BizBen offering many deli sales, here are 5 tips to help you get prepared to sell your deli.
After investing years of time and talent into a company, many small business owners want to feel like they are leaving their business in good hands and for that reason, some sellers opt to sell their business to an employee. Let's talk about the pros and cons to taking this route.
Ensuring your vehicle undergoes regular smog check services is not only a personal responsibility but also contributes significantly to environmental protection. Recognizing the importance of smog check services opens up potential business opportunities in the thriving smog check industry.
Embarking on the venture of acquiring a liquor store is a journey rife with potential, a symphony of business acumen and the intoxicating allure of entrepreneurship.
Venturing in the laundromat business can be a promising journey, offering entrepreneurs a stable and potentially profitable opportunity. Whether you're considering buying an existing laundromat or starting from scratch, this guide will unravel the various facets of the laundromat business.
A micro business is a type of small business that typically has fewer than five employees or as many as ten. It is often a one-person operation or a very small team, and it operates on a small scale.
In the realm of commercial real estate investments, the gas station with property stands out as a unique and potentially lucrative opportunity. Beyond merely selling fuel, gas stations have evolved into multifaceted businesses, offering convenience stores, car services, and more.
Cash flow is the lifeblood of any small business. "Cash is king." It's the constant flow of funds in and out of your business that ensures you can meet your financial obligations, pay employees, suppliers, and operating costs, and invest in growth.
Owning a restaurant is a dream for many, but the journey from concept to reality involves various financial, logistical, and lifestyle considerations. Before you embark on this serious business adventure, it's essential to understand the costs, risks, and benefits of buying a restaurant in USA.