Status: Off The Market
Posting ID: 278572
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NOTE: This BizBen Posting #278572 Allstate Insurance Agency in Guilford is currently INACTIVE Today (Either: It's In Escrow, It's Sold, or Is Off The Market Temporarily) - Please See Today's ACTIVE Postings below that match this posting's attributes. For your convenience there are also helpful links below to assist you in your search to buy or sell a small to mid-sized business that matches your criteria. Thank you for using BizBen.com.
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Posting: 278694 | Available | 8/1/23
This is an established agency in a great High Point location. The agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. A low loss ratio has created a profitable book. This is a turnkey operation.
Asking Price
$980,000
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$858,000
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Posting: 281032 | Available | 6/3/23
For sale is a great opportunity to purchase a large agency in the Port St. Lucie area. There is $5,900,000 of Allstate Premium and the remaining book is Brokered Property. They have an 82% retention rate and plenty of crossline sales potential.
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$1,500,000
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Posting: 280995 | Available | 5/31/23
This well-managed turnkey Allstate agency is located in the Columbia area of South Carolina. This agency offering has approximately $5.1 Million in combined earned premium plus brokered, which consists of a preferred auto/homeowner customer base with an excellent opportunity for growth
Asking Price
$995,000
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Posting: 278631 | Available | 7/27/23
For sale is a well-established 23-year agency in beautiful Naples, FL; only minutes from the beach. It is well-managed with seasoned staff to transition to a new owner. It has almost $7 million in total premium that consists of a preferred auto/homeowner customer base with an excellent opportunity.
Asking Price
$1,994,000
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Posting: 278741 | Available | 7/27/23
Allstate Insurance Agency in beautiful downtown McDonough, Georgia, in business since 2008 - 14 years.
Asking Price
$425,000
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Posting: 278682 | Available | 8/1/23
This agency is located in Charlotte County, FL in the highly desirable and fast-growing SW FL area! This book of business is comprised of appx $1 million in Preferred Auto/Property premium, appx $191K Flood premium, and appx $1 million in Brokered Property premium with various companies.
Asking Price
$600,000
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Posting: 278686 | Available | 8/1/23
This is an established agency with a loyal customer base. It is located on a main intersection with high foot traffic and visibility. It is the only Allstate Agent in the 99502 zip code. The Agency consists of preferred auto and homeowner customers with high retention. It has astable renewal income.
Asking Price
$675,000
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Posting: 281035 | Available | 4/11/24
This is one of the best agencies in the SWFL area and located in one of the highest growth areas of the country Naples, FL This book of business is priced to sale and comprised of approximately $6 million in Preferred Auto/Property premium and approximately $6 million in Brokered Property premium.
Asking Price
$4,100,000
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Posting: 278693 | Available | 8/1/23
This is a well-established Allstate agency located in majestic Asheville NC. This $3.867 million earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. Excellent retention.
Asking Price
$1,245,000
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Posting: 280659 | Available | 5/11/23
The only Allstate in Haughton; this 27-year, well-established $3.3M agency is located 20 mins East of Shreveport. This turnkey agency is highly regarded in the community and consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales.
Asking Price
$811,000
Cash flow
$95,000
Revenue
$140,000
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Posting: 282426 | Available | 4/9/24
For sale is an established, 29+-year-old property and casualty insurance agency. The majority of the clients are Russian and Ukraine have been with the agency for many years. The dedicated office manager, who has been an integral part of the company for 19 years.
Asking Price
$119,000
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Posting: 278684 | Available | 8/1/23
This established, turnkey, 15+ year Allstate Agency is located in the Bronx/Manhattan area of New York. This $4.5M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services.
Asking Price
$1,275,000
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Posting: 278702 | Available | 8/1/23
This is a well-established, turnkey, 37-year legacy agency located in a convenient, desirable suburb of Philadelphia. It has a multigenerational customer base with excellent retention and loss ratios. Experienced, licensed staff are open to transition with the sale.
Asking Price
$2,100,000
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Posting: 278705 | Available | 8/1/23
An established 51-year family-run Allstate agency is located in one of the Greensboro area's great communities. This $3.5M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$890,000
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Posting: 278337 | Available | 7/27/23
For sale is a well-managed turnkey Allstate agency located in the dynamic city of Winston Salem, NC. This second-generation family-run agency has approximately $5 million in earned premium that consists of a preferred auto/homeowner customer base with an excellent opportunity
Asking Price
$1,600,000
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Posting: 278587 | Available | 8/1/23
This is a well-established agency in desirable and prosperous Westchester County; it has a very profitable loss ratio of 35% and an excellent retention ratio near 95%. The agency consists primarily of preferred auto/homeowners with a great opportunity to grow in cross-sales.
Asking Price
$1,100,000
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Posting: 278980 | Available | 7/27/23
Established a $1 million agency in beautiful Odenton, MD; just 20 minutes south of BWI airport and less than one hour away from D.C! The agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$241,000
Cash flow
$1,716,273
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$2,302,929
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Posting: 286120 | Available | 4/14/24
This profitable trio of companies is comprised of three separate entities; one for each of the financial services provided. An acquisition would include the Insurance Brokerage (a California S-Corp), a Financial Planning Corporation (a California S-Corp), and a payroll solutions company.
Asking Price
$12,000,000
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$705,000
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$25,000
Posting: 286498 | Available | 5/9/24
This agency is located in the Visalia area of California. It is one of the top Agencies in California Sales Offices. The staff has been with the agency for a number of years and they are well trained enough for the Seller to leave for long periods of time. Loss Ratio 51% Retention 89%.
Asking Price
$1,750,000
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Posting: 278573 | Available | 5/19/24
For sale is an established agency in Aiken County South Carolina with a great business climate. The agency has an excellent retention ratio of 90% + and a very profitable loss ratio. The agency consists of preferred auto/homeowners with a great opportunity to grow in cross-sales.
Asking Price
$833,000
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Posting: 278698 | Available | 8/1/23
For sale is a prime location in the Austin, Texas Georgetown area. Austin is one of the fastest-growing cities in the United States with all of its growth. This 2.4 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth.
Asking Price
$595,000
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Posting: 280525 | Available | 6/27/23
For sale is a great opportunity to purchase a large agency in Fort Lauderdale. $4,800,000 of Allstate Premium the remaining is Brokered Property. They have an 86% retention rate and crossline sale potential. If you are an aggressive individual, this is the agency you are looking to purchase.
Asking Price
$1,250,000
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Posting: 278582 | Available | 7/26/23
For sale is an Allstate Insurance agency located in sunny Fort Lauderdale, FL. It has been in business for 5 years at this location. There are currently 2 staff workers. Bank financing lenders are available. Seller financing is also available. There is a location available.
Asking Price
$1,150,000
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Posting: 278697 | Available | 8/1/23
The office is located in a strip mall adjacent to a high-traffic major retailer (Walmart) on a very busy, major US Highway. It's one of the largest Allstate agencies in the state of Kentucky. This agency is almost entirely built on Property and Casualty insurance policies.
Asking Price
$689,000
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Posting: 285848 | Available | 3/26/24
This is a great opportunity to acquire an excellent turn-key agency in the growing community of Goose Creek, SC. The agency currently earned the 'Elite' Agency Achievement tier and is a great opportunity for an aggressive owner to grow cross-sells and overall new business.
Asking Price
$950,000
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$600,000
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$1,800,000
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Posting: 265861 | Available | 6/8/22
This is a California based company that fills a unique niche providing customizable and highly-vetted medical provider networks for Group Health and Workers Comp payers. Three partners formed the Company in 2011, and one wishes to retire. The partners are looking to sell part or all of the Co.
Asking Price
$3,200,000
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$1,000,000
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$2,250,000
Posting: 281712 | Available | 7/19/23
P&C & Benefits Los Angeles County, LA#120660. Independent Movable Agency/Book In Business For Over 20 Years. Focused On P&C & Benefits. 55% P&C 45% Benefits (Mostly Individual Health) Paperless.
Asking Price
$2,250,000
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Posting: 278808 | Available | 5/19/24
The established 2-year agency is located in a desirable location. This 2.1 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth in cross sales as well as life/financial services.
Asking Price
$511,450
Total Investment
$200,000
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N/A
Posting: 284296 | Available | 5/14/24
More than just a business opportunity. Own a profitable business in one of the least saturated industries in the country even if you have no experience. The thousands of people who win law suits daily are all your potential customers.
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Posting: 283972 | Available | 5/15/24
City Center Realty Group is pleased to present a lucrative car wash for sale in the Sacramento, CA area. This turn-key operation features brand-new machinery and equipment, situated in a prime, high-traffic location with an estimated 65,000 cars passing by daily.
Asking Price
$2,399,000
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$125,000
Posting: 286454 | Available | 5/15/24
Established in October 2023, this Sacramento Area towing venture is experiencing steady growth. Ideal for existing operators or aspiring entrepreneurs, it offers a turnkey solution with pre-existing marketing strategies, a functional website, and efficient lead generation systems.
Asking Price
$125,000
Cash flow
$196,800
Revenue
$480,000
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$520,000
Posting: 286461 | Available | 5/14/24
GB Laundry Brokers is currently offering a spacious laundromat spanning 4,063 sq ft in Sacramento CA. The laundromat is on a very busy street with ample parking, and a loyal customer base. This location has a lot of potential for growth with the right operator.
Asking Price
$1,300,000
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$1,100,000
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Posting: 285525 | Available | 3/6/24
This is a fantastic opportunity to own one of the top upscale preschool and infant toddler programs. The school has been thriving for years and is modern and immaculate. This one will not last. It is a stand-alone with an outdoor playscape environment. Its licensed capacity is 100.
Asking Price
$750,000
Cash flow
$424,565
Revenue
$1,090,904
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Posting: 278929 | Available | 4/15/24
This company has been an educational material supplier for over 30 years! They have a diverse product line and high quality of their products. There is very limited competition in this market and there is a large demand for their products. Gross $1,090,904 Cash Flow $424,565
Asking Price
$1,150,000
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$418,197
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$390,000
Posting: 286064 | Available | 4/9/24
This is a rare opportunity for a quarry direct fine stone supplier with full inventory and warehouse storage in highly desirable trade corridor. Family owned and operated since 2017 with excellent client, customer and vendor reputation. Their retail showroom (3,000 sq ft) is fully equipped.
Asking Price
$650,000
Cash flow
$441,671
Revenue
$1,320,750
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$1,200,000
Posting: 285064 | Available | 2/8/24
This is a luxury limousine service company primarily serving Sacramento, San Francisco, Napa & Sonoma Valley, and surrounding areas for over 35 years! The business owns and will include with purchase, a fleet of 17 beautiful and exceptionally well maintained vehicles.
Asking Price
$1,750,000
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$4,500,000
Posting: 286322 | Available | 4/29/24
Offered is a very well-established full service property management company that has been part of the industry for four decades. Recently ranked as the top rated property manager in the area and recognized as a leader, this business is locally owned and manages over 1,800 doors.
Asking Price
$4,500,000
Cash flow
$57,886
Revenue
$754,000
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Posting: 280174 | Available | 4/28/24
Price reduced to $198,000 and the SBA may finance this successful Franchise to well-qualified buyers with 15% down ($30,000 only) for this established, highly successful deli franchise located in an extremely enviable Plaza in Sacramento. This is an upscale franchise deli with 40+ locations.
Asking Price
$148,900
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Posting: 276022 | Available | 2/15/23
This long-established Indian clothing business is for sale. The sales include furniture, fixtures, equipment (FFE), goodwill, and inventory. The owner is looking to relocate.
Asking Price
$89,000
Cash flow
$40,450
Revenue
$506,249
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$150,000
Posting: 286130 | Available | 4/23/24
Asset Sale Opportunity: Unlock the door to your culinary dreams with this enticing opportunity! Nestled in the heart of Sacramento this charming restaurant is now available for acquisition. Boasting a warm ambiance and a reputation for exquisite cuisine.
Asking Price
$150,000
Cash flow
$120,000
Revenue
$480,000
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Posting: 260631 | Available | 10/26/20
Thai Restaurant has been Sacramento's favorite restaurant for the past 4 years. This business is a very popular restaurant serving some of the most authentic Thai Food. This restaurant is a great opportunity for a buyer that wishes to continue with the current concept or put in their own concept.
Asking Price
$250,000
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Posting: 279390 | Available | 2/28/23
This is 30 years established shoe repair shop in the affluent neighborhood of Gold River. This is an Asset sale.
Asking Price
$15,000
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$35,000
Posting: 285521 | Available | 4/15/24
For sale is a brand new, never-opened school ready for you to start enrolling. It is the perfect size for a new start-up and owner/operator. The owner purchased the existing school and closed it to remodel and license it but never reopened. So it is turn-key and ready to go. The capacity is 30.
Asking Price
$75,000
Cash flow
$84,798
Revenue
$296,317
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$199,000
Posting: 274861 | Available | 4/11/24
This Northern California-based landscaping company is a California Sole Proprietorship and was formed 9 years ago by the current owner and has been thriving since it started. This company performs both residential and commercial landscaping design, installation and maintenance.
Asking Price
$199,000
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Posting: 275121 | Available | 5/3/24
A grocery store with a restaurant and bakery is for sale. The destination also includes a Halal meat market and specializes in Middle Eastern, North African, Afghan, and Iranian Cuisine. This is a well-established market in a populated area of Sacramento. Gross sales are $175,000 per month.
Asking Price
$1,675,000
Cash flow
$275,000
Revenue
$1,380,000
Down
$475,000
Posting: 277021 | Available | 5/17/24
For sale is a well-established, high-volume liquor store for sale in Sacramento in Sacramento County surrounded by apartments and houses located in one of the best neighborhoods of Sacramento County. The monthly sale is over $115,000 (net sale without lotto-lottery) with a very high gross profit.
Asking Price
$1,000,000
Cash flow
$463,026
Revenue
$2,567,611
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Posting: 284356 | In Contract | 1/22/24
Available for sale is this well-established and profitable Master Franchise business in the commercial cleaning industry that links commercial facilities with janitorial service providers.
Asking Price
$1,800,000
Cash flow
$190,185
Revenue
$1,107,280
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Posting: 282396 | Available | 3/26/24
This is a rare opportunity to own a classic car restoration gem in Sacramento County! Specializes in reviving 1950s-1975 domestic vehicles. Strong earnings, great team, SBA preapproved. Builds cars that look great and run well. Fantastic opportunity for any car enthusiast with a good business sense.
Asking Price
$600,000
Cash flow
$300,000
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Posting: 285492 | Available | 5/6/24
Selling to a motivated buyer who wants to increase business. The seller wants fewer responsibilities but would like to be an employee/RMO for the new buyer. They do a large amount of remodeling for homeowners. It includes: Kitchen, flooring, bathrooms. Owner now is able to include concrete pouring.
Asking Price
$699,000
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$1,400,000
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Posting: 284869 | Available | 1/26/24
Inherit the $1.2mm in long term bank debt, pay a Landlord Security deposit, Escrow closing costs and take over this establishment with $1.4mm in 2023 sales revenues with original build out costs of $2.2mm. The sale includes a Type 47 license, fully equipped kitchen, entertainment permit, and more.
Asking Price
$1
Cash flow
$1,123,820
Revenue
$19,230,455
Down
$4,250,000
Posting: 278395 | Available | 3/11/24
This full-service independent grocery store is located in the foothills of the Northern California Gold Country. Well established in the community, this store features full meat, bakery, deli, and floral department. With an average of over $1 Million in EBITDA, this opportunity is perfect.
Asking Price
$4,250,000
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Posting: 275127 | Available | 5/3/24
For sale is this neighborhood convenience store with beer and wine, in Orangevale, which is a busy good location with $55,000 in gross sales per month. There is Lotto and an ATM for additional income and it is 1,700 square feet. This C-store is in a populated neighborhood. Not SBA qualified.
Asking Price
$340,000
Cash flow
$4,600,000
Revenue
$7,000,000
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Posting: 282553 | Available | 4/22/24
With the ever-increasing demand for internet speed and connectivity, there is a race taking place among the major ISP's within the more densely populated metropolitan areas in unrolling ultra high-speed and ultra-wide band internet connectivity.
Asking Price
$35,000,000
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$1,500,000
Posting: 277574 | Available | 1/12/23
For sale is a high-volume station at a very busy intersection. The station does 220k gallons per month at a 60¢ margin. The store is currently being expanded and is expected to do over $120k per month. The station is open 24 hours and it costs roughly $30k per month to operate the business.
Asking Price
$6,750,000
Cash flow
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$150,000
Posting: 284611 | Available | 4/29/24
For sale is a long-established laundromat with a loyal customer base. It is approximately 2,200 sq ft. at a fantastic location with endless profit possibilities. Location and demographics make this a winning investment. Owners are retiring.
Asking Price
$150,000
Cash flow
$127,000
Revenue
$575,000
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Posting: 281231 | Available | 6/16/23
Concession Business with Established Event Venues. Looking for a Profitable Business with low overhead commitment and time off for about 8 months a year? This successful Event Concession Business might be the one for you! Operates at major venues within Northern CA from May-Aug. $575k Sales & $127k
Asking Price
$350,000
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
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.
ServingSan Francisco Bay Area, North Bay, Central Valley
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingSouthern California
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
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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.
Don't confuse a business opportunity with a going business for sale. In the broadest sense, an existing business being offered on the market is sometimes called a business opportunity. But for a buyer's purposes, seeking to invest in a business to own and operate, there are important differences.
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.
Depending on the type of business being sold, a month-to-month situation can be severely detrimental to the value of the business. Peter Siegel, MBA Founder of BizBen (and Lead Facilitator at BizBen) explores the issue of month to month leases in this blog/article.
Throughout the recession, it was very difficult to get approved for business purchase financing. If you are considering incorporating some alternative funding sources in your next small business acquisition, here is what you need to know to protect yourself and your investment.
In my opinion and experience, an LOI may very well be appropriate for lower middle market transactions of $5,000,000 or more; but, for deals less than that an Asset Purchase Agreement ("APA") with contingencies on the actions of the buyer (and seller) is much more efficient and effective.
Using an earn out can benefit both buyer & seller of a business purchase. A recent question by a buyer in the BizBen ProBuy Program about the best way to structure a business earn out prompted me to ask a panel of BizBen Resources how they would deal with the buyers question on earn out structures.
In this month's Business Buyer survey for BizBen.com, we asked participants in our ProBuy Program and 250 other random business buyers what they look for and avoid when looking at a business for sale postings online. Of the 20 potential posting characteristics we asked about, 8 stood out.
80% of all California business buyers never end up buying a business! Many factors contribute to this statistic, but by following the points below and utilizing the ProBuy Method of buying a business you should be successful in locating a business that interests you and completing the transaction!
For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
In our BizBen.com June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future.
Sometimes business brokers just can't win with their clients, because if an offer comes in too fast & too early then they must have lowballed the price & the seller is suspicious, and if not enough offers come in after putting the business on the market - they may look unproductive to their clients.
As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.
When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA a business purchase financing expert delves into the myths regarding SBA financing and business purchase financing.
We're hearing more and more about "crowd funding" through sites like gofundme and kickstarter as a possible way to raise the cash needed to buy a small business. This method of collecting funds has proven successful in other kinds of situations. Could this strategy work when buying a small business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Peter Siegel, MBA (BizBen ProBuy Program) and others explain a few of the ways that a buyer can beat out other buyers.
When purchasing a small to mid-szied business, there are a multitude of things to evaluate. One area that is often overlooked is the business's culture. Peter Siegel, MBA with BizBen discusses with potential buyers the importance of understanding how the business runs on a day-to-day basis.
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.
It's important to remember that selling a business takes time. Unlike selling a house, which can be sold relatively fast, a business can take up to six months to a year to sell. I discuss this topic with other advisors and intermediaries on this BizBen Discussion.
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion are aspects of a business that really drives its value and pricing. A business owner asked me this question today so I wanted to get others view points as well in this Discussion.
It can take months, sometimes longer to sell a small business. Here are 6 questions plus other information from myself plus other BizBen Users to ask yourself to help you determine why your small to mid-sized California business isn't selling. You might be surprised what those reasons are!
Should I Sell My Business During The Holidays Or Wait Till After The New Year? Business Broker Joe Ranieri and others chime in on this BizBen Discussion about selling a business during the Holiday Season.
Applying for a business acquisition loan can be challenging for someone who hasn't been through that process in the past. If one has a mortgage one knows that the value of the property being pledged has to at least equal the amount of the loan, SBA loans to buy a small business are very different.
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Peter Siegel (BizBen ProBuy Program) discusses this topic with others.
At What Point Do You Show Key Marketing Info And Materials To Buyers? Robb Hartman, Business Broker at BizBen discusses this topic with others on this BizBen Discussion.
Business buyers many times ask in my ProBuy consulting sessions - 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.
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.
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. Peter Siegel, MBA explains.
Asking the seller straightforward questions and getting straightforward answers in return is an important part of the buying and due diligence process. In this Discussion, both ProIntermediaries and Advisors offer thorough questions you should be asking during your meeting with a business seller.
Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic.
