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Posting: 286020 | Available | 4/6/24
This is a Korean chicken restaurant for an asset sale. This restaurant is located in a busy shopping center. This is the cozy and clean and take-out style restaurant. The size of the restaurant is 1,200 sq ft. and rent is $3,400 including CAM. There's a 9 foot type 1 hood in the kitchen.
Asking Price
$169,999
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Posting: 286008 | Available | 4/5/24
Asset sale Asian Restaurant. Currently closed for remodeling. Easy to convert to another concept. Located in a busy shopping center with lots of traffic and plenty of parking. Monthly rent $6,277 + $1,632 NNN. Store size 1,395. Seating capacity of 40.
Asking Price
$150,000
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Revenue
$1,000,000
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Posting: 286010 | Available | 4/5/24
Japanese restaurant with Beer & Wine license in Torrance for Asset Sale. Price: $450,000 Size: 2,600sf plus 400sf patio. Seating: 48+ inside & 18+ outside Rent: $10,557 included NNN/mo. Lease: 3 years plus 5 years option or new long term Lease License: Beer & Wine 2 Kitchen hoods & grease trap
Asking Price
$450,000
Cash flow
$600,000
Revenue
$3,000,000
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Posting: 286021 | Available | 4/5/24
For sale is a hot pot style restaurant that has high volume sales. This is a franchise restaurant and the yearly franchise fee is only $20,000!! The restaurant is located in a busy Asian shopping center. The size of the restaurant is 1,350 sq. ft and the rent is $8,000/m including CAM and garbage.
Asking Price
$1,399,999
Cash flow
$300,000
Revenue
$1,440,000
Down
$360,000
Posting: 285996 | Available | 4/5/24
For sale is a high net profit, absentee-run Thai restaurant near Hollywood, Los Feliz. The annual sales are approximately more than $1.4M. Dinner only with a BW license. The store size: 1,700 sq. ft. It has an excellent reputation for live music. SBA loans are possible for qualified buyers.
Asking Price
$885,000
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Posting: 285018 | Available | 4/5/24
For sale is a hot pot restaurant that has lower than market rent. This restaurant has been there for 10 years with loyal customers. The size of the restaurant is 5,000 sq ft. and rent is $7,800. Last year's sales were around $1,200,000. Currently, the owner works a couple of days for a few hours
Asking Price
$349,999
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Posting: 274213 | Available | 4/5/24
Price lowered. For sale is a Hong Kong-style cafe. This cafe is located across from a high school. The cafe is 1,300 sq. ft and is good as a take-out restaurant. The rent is $320 a month. There's a type 1 hood 16 ft long and a walk-in cooler. The next owner can add more menus or change the concept.
Asking Price
$135,000
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Posting: 284710 | Available | 4/5/24
This is an Asian cafe for sale. This cafe is located in busy Chinatown. The size of the cafe is 1,500 sq ft. and rent is $6,600. There's a fully equipped kitchen with 14 feet hood and walk-in cooler. Bring your menu. This is an asset sale since then no financial information will be available.
Asking Price
$149,999
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Posting: 260547 | Available | 4/5/24
Price Lowered! This is a neat Japanese restaurant for sale located in the shopping center around the newer building area. (This shopping center has different types of food and looks like a food alley). The size is 2,200 sq. ft and rent is $10,000, including water and garbage.
Asking Price
$379,999
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Posting: 284773 | Available | 4/4/24
This is a well-established, high-income Japanese restaurant with low rent for sale. It is located in a high-traffic shopping center with residential & commercial retail areas. It is a single-story building with beautiful patio seats. The sale includes all the excellent equipment conditions.
Asking Price
$699,000
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Posting: 285987 | Available | 4/4/24
A profitable Japanese restaurant is located in a busy shopping center with a constant flow of foot traffic. It has been an established restaurant known for its great food and has built a loyal clientele over time. The restaurant holds a 41 beer and wine license and features many amenities.
Asking Price
$580,000
Cash flow
$84,000
Revenue
$564,000
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Posting: 271951 | Available | 4/4/24
For sale is an absentee-run, well-established Waba Grill in Los Angeles County, CA. It is located in a very busy area. It is a well-maintained store and has good equipment with reasonable rent. The seller has another business and he could not focus on this business. There is potential to grow.
Asking Price
$359,000
Cash flow
$164,400
Revenue
$865,000
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Posting: 280096 | Available | 4/4/24
For sale is a sushi restaurant close to the I5 Freeway in South Orange County, CA. It is very visible from the road and is within walking distance of the beach. It has crowded military and tourist crowds on weekends. There is potential to increase business with owner-chef. The partnership split.
Asking Price
$249,000
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Posting: 285321 | Available | 4/4/24
This is a Japanese sushi restaurant for sale in a great location--18 street. It is only two blocks away from Castro St., a nice neighborhood with a constant flow of foot traffic. There is a cozy dining area with a sushi bar. It is 1,200 square feet. The rent is $3,000 including NNN.
Asking Price
$238,000
Cash flow
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Revenue
$840,000
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$80,000
Posting: 282985 | Available | 4/4/24
For sale is a well-established sushi restaurant in the community that's been around for a long time. Currently, the restaurant's monthly sale is about $77,000 with an a la carte menu. Its a good size of 1,600+ sq. ft with a great rent of $7,650 including NNN. It has a beer and wine license.
Asking Price
$185,000
Cash flow
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Revenue
$1,200,000
Down
$300,000
Posting: 284282 | Available | 4/4/24
For sale is a well-established sushi restaurant in the community that has great responses on Yelp! Currently, the restaurant is open 6 days a week with an A La Carte Menu. It is a good size of 1,500 sq ft. with a great rent of $8,800 including NNN and plenty of parking spaces.
Asking Price
$555,000
Cash flow
$240,000
Revenue
$1,200,000
Down
$130,000
Posting: 281800 | Available | 4/4/24
For sale is a casual Japanese sushi restaurant in the affluent community. It has just been well-established and famous in the community shopping center with other national restaurants. The current monthly sale is about $100,000 with short business days. Its rent is about $9,150 including NNN.
Asking Price
$400,000
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Posting: 284695 | Available | 4/3/24
This is an Asian restaurant. This restaurant is in the shopping center near Highway 4. Walmart is the anchor tenant. The size of the restaurant is 1,440 sq ft. and rent is $4,000 including CAM water and garbage. There's a 9 foot long hood (type 1). Bring your menu.
Asking Price
$99,999
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Posting: 282743 | Available | 4/3/24
This is a freestanding building of a Korean restaurant for sale. Rent is $5,800 (no CAM = just rent). There's a 2-year + 5-option lease remaining. The size of the restaurant is 2,800 sq. ft. There's a 10.5-foot type 1 hood in the kitchen. There are 20 parking spots in the parking lot.
Asking Price
$329,999
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Posting: 284885 | Available | 4/3/24
This is an Asian restaurant for sale in Lower Nob hill area in San Francisco. Rent is $10,600 and with 3 years + 4 options is remaining. The size of the restaurant is 2,395 sq ft. There's a 16 feet long hood in the basement with walk-in and woks and more. The next owner can keep or change the menu.
Asking Price
$249,999
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Revenue
$1,647,000
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Posting: 285961 | Available | 4/3/24
This is a reputable Chinese Restaurant that was well-established 9 years ago. It is located in a very busy area with lots of foot traffic. The seller claims revenue in 2023 is about $1,647,000.
Asking Price
$380,000
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Posting: 280230 | Available | 4/3/24
This is a famous Dalat restaurant near SJSU in Downtown San Jose. It is a remodeled restaurant. There are lots of yummy foods for a lot of regular customers. It is 2,000 sq ft. for up to 70 customers on a big lot size with plenty of free parking.
Asking Price
$49,000
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$150,000
Posting: 285958 | Available | 4/2/24
For an asset sale is a great casual restaurant location on Lincoln Blvd for a high-end Japanese menu. It is 1,270 sq ft. with a patio. Rent is $12,000 including NNN. There is a beer/wine License. The buyer can convert it into other restaurants with the landlord's approval.
Asking Price
$150,000
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Revenue
$950,000
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$150,000
Posting: 285947 | Available | 4/2/24
The buyer can continue with the same concept or, any other types of Korean, Japanese, Indian, and American menu is allowed. Check if any other type of menu is accepted. It is 5,500 sq ft. with a large kitchen (Annual Health Inspection done in January 2024)
Asking Price
$150,000
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Posting: 284624 | Available | 4/2/24
For sale is an opportunity to own a restaurant with a complete market setup. The present owner is only utilizing the restaurant side of this property but there is a ton of potential to grow business by utilizing the fully equipped grocery store. The combined business space is 2,700 sq ft....
Asking Price
$1,399,000
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Posting: 285941 | Available | 4/2/24
Virgil Village is just South of Los Feliz and West of Silver Lake. You will find the sweet little pocket of Virgil Village. There is customer parking behind the restaurant. It is located at Santa Monica Blvd and Virgil Ave. on a very busy corner. It is 300 sq ft. The restaurant comes with 4' hood.
Asking Price
$150,000
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Posting: 284300 | Available | 4/2/24
A great opportunity to own a beautifully built-out Japanese restaurant, located in a popular shopping center that is enjoyed by locals and tourists alike. There is an ample amount of parking for patrons and foot traffic is consistent due to the busy shopping center.
Asking Price
$269,000
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Posting: 285934 | Available | 4/1/24
This is a restaurant that was remodeled and opened, so everything is new. The kitchen is equipped with all kitchen facilities, including a walking cooler, freezer, and hood. You can run this restaurant (Korean restaurant) as is, or you can change it to another restaurant and run it.
Asking Price
$149,000
Cash flow
N/A
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Posting: 282202 | Available | 4/13/24
For an asset sale is a boba and snack shop. This shop has a very good rental rate ($1,900) and is located in the busy shopping center. The size of the store is 600sq. There's a 4-foot-long type 1 hood. Due to the asset sale, finances will not be available.
Asking Price
$99,999
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Revenue
$900,000
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Posting: 283824 | Available | 12/26/23
This is a high-volume Asian restaurant for sale in Concord. It has been established for many years in the city of Concord with a type 47 hard liquor license. There is a bar area to the left to serve cocktails and liquor drinks. The average gross sale a year is $800,000- $900,000.
Asking Price
$250,000
Cash flow
$250,000
Revenue
$977,100
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$120,000
Posting: 281674 | Available | 4/15/24
A high-end luxury Thai restaurant in Camarillo, Ventura county is for sale with 17-year history. The average yearly sales are $977,000. Almost $1M. The net income is $250,000 (based in the 2023 sales). The store size is 2,200 sq ft. plus a 1,000 sq ft. patio. An SBA loan is possible.
Asking Price
$330,000
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Revenue
$780,000
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Posting: 285022 | Available | 3/1/24
For an asset sale of $59,000 is a well-established Asian fusion restaurant. The size is 1,207 sq ft. There is beer and wine. It is FF&E inclusive. There is a storage space mezzanine and an ADA restroom. The base rent is a total of $3,318.38 per month.
Asking Price
$48,000
Cash flow
$180,000
Revenue
$1,320,000
Down
$265,000
Posting: 263020 | Available | 10/19/20
Well established for 11 years and most famous japanese restaurant in the City of Montclair in San Bernardino County. Its running by Employee only. Buyer will be train for ownership how to handle the business. Volume increase every year.Pandemic is not impacted to the business and still running well.
Asking Price
$530,000
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Posting: 274035 | Available | 3/12/24
This Chinese fusion restaurant is ideally located in the Piedmont neighborhood. It is a casual eatery with a glass-covered patio turning out delicious Chinese fare. The Piedmont Avenue neighborhood is a residential and commercial district in North Oakland, popular for dining and retail.
Asking Price
$199,000
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$360,000
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Posting: 285291 | Available | 4/8/24
The restaurant is serving Asian fried chicken, but the new owner may change the menu upon the landlord's approval. The kitchen is very small approximately 12x12 with a 4' hood. It is 600 sq ft. with front and side patios. The monthly rent is approximately $2,900.
Asking Price
$100,000
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Posting: 284952 | Available | 2/1/24
This bubble tea shop is situated in the picturesque Los Gatos downtown area. The scenery is beautiful, there is a high level of pedestrian activity, and it exudes a highly romantic ambiance. Nearby, there are high schools, elementary schools, and other establishments.
Asking Price
$200,000
Cash flow
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Revenue
$360,000
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$99,000
Posting: 276708 | Available | 3/27/24
For sale is a great location in the affluent community of Cypress and a busy office building area. It is good for takeout and has a newly remodeled interior with an open kitchen. The current owner cannot run the store because of a shortage of employees and his health issue.
Asking Price
$95,000
Cash flow
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Revenue
$576,000
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$150,000
Posting: 281306 | Available | 8/29/23
This is a Japanese ramen restaurant in Alhambra for sale. The store size is 1,250 sq ft. There is a long-term lease. The manager & employees are operating. This is currently an absentee-run business and the current owner has been operating for 4 years. The ramen's average price is approximately $17.
Asking Price
$160,000
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N/A
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Posting: 283197 | Available | 3/30/24
For sale is a 1,100 sq. ft Korean fried chicken restaurant in a small strip. This is an asset sale. This restaurant is located in an office area. Rent is $6100 including CAM and water and garbage. There's a fully equipped kitchen with a walk-in cooler walk-in freezer and a 7.5-foot hood.
Asking Price
$99,999
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$130,000
Posting: 281343 | Available | 2/12/24
Price lowered to half, a great deal! For sale is an absentee-run mochi donut shop for sale in Chula Vista, South San Diego. The rent is $6,500 including NNN for 1200 SF. Monthly sales of $50-60k create stable profit. The lease has 8 and a half years left and there are 6 employees (P/T & F/T)
Asking Price
$130,000
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$125,000
Posting: 282546 | Available | 1/3/24
Vons Chicken, a famous Korean fried chicken with draft beer fountain. It is a part of the Brenden Theatres in Concord. Free Ad before movies offered. Total absentee operation. Projected net income for a full time owner operator shall be $10,000+ per month. Seller financing is available up to 50%
Asking Price
$250,000
Cash flow
$120,000
Revenue
$460,000
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Posting: 282962 | Available | 4/6/24
This is a former Ding Tea franchisee. After conversing with Waffle Studio, gross sales gradually grew to $40,000/month. The net income is $10,000. They sell a variety of foods like Ding Tea Boba without paying a franchise fee, Chinese banh bao, Waffet, Croissant Sandwiches. It is absentee-owned.
Asking Price
$220,000
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$150,000
Posting: 284772 | Available | 1/21/24
For sale is a restaurant with beer & wine and a prime location in Towne Center @ Fontana, anchored by many known brand names such as LA Fitness & Costco. This is a great opportunity for restaurateurs to establish their own concept with low set-up costs.
Asking Price
$150,000
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N/A
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Posting: 285185 | Available | 4/18/24
This is a Korean restaurant for sale in the Tenderloin area. This restaurant has been there for over 15 years. It has under the market rent including utilities and water ($4,500) and the size of the restaurant is about 2,500 sq ft.
Asking Price
$200,000
Cash flow
$64,430
Revenue
$786,684
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Posting: 281436 | Available | 3/26/24
This poke franchise specializes in exceptionally great demand for healthy and fresh food. It is located in a high foot traffic area along with a major grocery store, other businesses, parks, and trails. It is absentee run and if the buyer is involved, it may further enhance the business production.
Asking Price
$169,000
Cash flow
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Revenue
$972,000
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$100,000
Posting: 285565 | Available | 4/15/24
For sale is a well-established and famous Korean bibimbap place at Culver City shopping mall where it is busy all the time. Its monthly sale is about $81,000+. Its rent is $22,000 includes NNN, electricity, and storage. It is easy to operate and manage as it is absentee-owned.
Asking Price
$250,000
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$960,000
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Posting: 270486 | In Escrow | 6/28/23
Here's a high-volume sushi restaurant for sale in Forest Hills in San Francisco. This restaurant has a unique menu that's a mixture of traditional Japanese sushi and tapas with many specials that are only served here. It is located in a wonderful, quiet, oasis in the City.
Asking Price
$195,000
Cash flow
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Revenue
$300,000
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$64,000
Posting: 285884 | Available | 3/28/24
For sale is a Japanese sushi roll and teriyaki restaurant in city of Orange. It is located near mixed houses and commercial buildings. The store size is 1,050 sf. Rent is $3,420 with CAM charges. The reason for selling is that the seller to move other states soon. Open 6 days a week. WALK IN COLLER
Asking Price
$64,000
Cash flow
$72,000
Revenue
$420,000
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Posting: 279123 | Available | 2/12/24
This is a good grill teriyaki restaurant for sale in Los Angeles County. The store is run by a semi-absentee owner. Its gross sales are around $35,000/month, and its size is 1,200 sq. ft. The rent is around $3,600/month, and they are open 6 days a week and closed on Sunday.
Asking Price
$169,000
Cash flow
$144,000
Revenue
$1,320,000
Down
$250,000
Posting: 285296 | Available | 4/6/24
This is a Japanese sushi restaurant in Pasadena for sale. It has a beer and wine license. It is absentee-run (the seller has another full time job). The seller does not know how to make sushi/rolls. This would be a good business for experienced buyers to increase sales volume. Spacious parkings
Asking Price
$570,000
Cash flow
$120,000
Revenue
$1,200,000
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Posting: 285331 | Available | 2/23/24
Introducing a unique opportunity in the market! The first to make a swift move will secure a winning deal. Discover the go-to destination for delectable, locally sourced Indian cuisine, proudly serving in greater Southbay area since 2005 by the same owner.
Asking Price
$395,000
Cash flow
$120,000
Revenue
$360,000
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Posting: 269845 | Available | 8/1/22
Great 5 days Japanese Teriyaki & Rolls Fast Food restaurant located on very high demand area in Santa Fe Spring with industry park & companies. Current owner runs this restaurant since 2014 and ready for retirement at age almost 70. Business hours: 8:30 am to 7pm. Open 5 days a week Monday-Friday.
Asking Price
$179,000
Cash flow
$120,000
Revenue
$72,000
Down
$349,000
Posting: 285535 | Available | 4/9/24
For sale is a profitable Korean fried chicken and boba restaurant located in a busy strip center in Carlsbad, CA. A beer & wine license is included. It has a fully equipped kitchen with a type 1 hood, unit cooler/freezer, and grease trap outside the kitchen. It is currently absentee-run.
Asking Price
$349,000
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Posting: 284684 | Available | 1/16/24
This is an absentee-run Thai restaurant for sale in Santa Fe Spring of southeast Los Angeles county. The five major freeways traversing through the Santa Fe Springs Area include Interstate 5, Interstate 105, Interstate 605, State Route 60, and State Route 91. It is a freestanding building.
Asking Price
$180,000
Cash flow
N/A
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N/A
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Posting: 281808 | Available | 7/26/23
This is a profitable Franchise Boba Shop in Orange County near Cypress, Anaheim area. Well-established and maintained near a local high school and surrounded by residential area.
Asking Price
$250,000
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Posting: 285084 | Available | 2/9/24
This absentee run, Japanese restaurant is now for sale. The restaurant has operated for 20(+) years by one owner and is beloved by the community. There is extensive goodwill that would transfer with this sale to a new owner. This Japanese sushi restaurant is located in a shopping center.
Asking Price
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For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
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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.
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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
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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
I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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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.
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Many California small business investors want to buy a restaurant. People always need to eat; there should be plenty of business. And some buyers think there is prestige to owning a popular eating establishment. But it isn't an easy purchase. Here's what not to do when planning to buy a restaurant.
The process for making a liquor license transfer used to take approximately 55-70 days, but now because of labor shortages and work protocols, it can be up to 3 months in California, for example. The longer an escrow is open, the greater the chance of having it fall out of escrow.
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.
This webinar is designed for business buyers, owner/sellers, business brokers, agents, and advisors who can benefit on the latest information and strategies on procuring large SBA loans to buy or sale a "large" small business - typically priced between $500K to $10M. Peter Siegel, MBA is the host.
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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!
Demonstrating sufficient cash flow to cover a business acquisition loan is key to getting a lender's approval. But buyer must be knowledgeable. Support a business acquisition loan with the target company's cash flow. And know how to determine the actual cash flow amount. Peter Siegel, MBA explains.
When seeking large SBA business acquisition financing loans, it helps to review seller's add backs (cash flow analysis) as a source of funding to service the debt. Peter Siegel, MBA - SBALoanAdvisors.com Founder covers this specific topic for business buyers, owner/sellers, agents, business brokers.
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.
What is your goal in 5 years? Do you want to become a business owner? Buying a business can be an exciting, safe opportunity to gain financial freedom. But how to buy the right business? This article will walk you through the process of buying a business.
First the dreaded statistic: 80% of all business buyers looking to buy a small business never end up doing so! Peter Siegel, MBA BizBen.com Founder & ProBuy Director) covers successful tactics & strategies all business buyers of small to mid-sized businesses should utilize now to buy a business.
SBA large loan expert and advisor Peter Siegel, MBA (BizBen.com & SBALoanAdvisors.com Founder) shares his views and experience for getting the right SBA loan for larger deals, getting deals professionally prequalified & analyzed, and getting that loan through underwriting with fewer complications!
There are many myths associated with the process of selling a small business and some of them can actually cause deals to fall through. Don't let your sale be compromised, be aware of these common misconceptions related to the process of selling. Peter Siegel, MBA with BizBen explores this topic.
Only 30% of all small businesses for sale that are put on the market overall are sold! A surprising statistic to most business owners, agents, and brokers trying to sell a small business! If however you follow the strategies (BizBen Protocol Method) in this blog post you should see success!
As an Advisor On BizBen I talk to many California business owners, business buyers, brokers, and agents on a daily basis about valuing California small to mid-sized businesses. Many key factors go into this analysis including market demand, history of earnings, and even how the deal is structured.
One of the most difficult challenges when purchasing a small business is expressed by this prospective buyer of a liquor store who is told by the seller that there is more money being made than shows up on the books. Should the buyer accept that statement by the seller & go ahead with the purchase?
Buyers search for an absentee business, wanting to collect profits generated by a successful enterprise without having to stand at the sales counter or cash register, without having to cook, operate equipment or talk to customers. Peter Siegel, MBA offers his intake on absentee run businesses.
Being an Entrepreneur has its perks, it can also be challenging. You need to make sure you're ready for the challenge. Here's a list of 10 important questions to get you started when buying a business. Peter Siegel, MBA (BizBen Founder) reviews this topic for business buyers of small businesses.
The unfortunate truth is that approximately 50% of all small business sales transactions fall through. While failed transactions can happen for a variety of reasons, Peter Siegel, MBA (BizBen Founder & Lead Advisor) discusses the most common reason deals fall through; unrealistic asking prices.
The use of add backs & sellers discretionary cash is common among sellers of businesses when showing their financial information & explaining that the buyer will actually enjoy more profit than is shown. But buyers are cautioned to review documents closely. Peter Siegel, MBA with BizBen explains.
Owners should keep the fact that they want to sell their small business confidential. Before releasing information to prospective buyers, buyers should commit to confidentiality in writing & should understand why it is important. Peter Siegel, MBA a ProBuy and ProSell Advisor with BizBen explains.
You've found your dream business. You've called/emailed/texted the broker or owner; you've tried to reach out again via phone/email/text. However you're not getting a response and it's getting frustrating. How to get brokers/owners to return your calls/emails/texts - what key strategies to utilize.
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.
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.
You have a strong entrepreneurial spirit. You know you want to be a small business owner. Now what? Do you buy an existing business or start one from scratch? An existing business can save a lot of time and effort. I will share with you some of the advantages of buying an existing business.
Showing your business when selling is one of the most important steps in the sale process & how it is done will greatly affect the selling price. There are two areas to be concerned with, how the business looks & how you react to the prospective buyer.
Should business opportunity offering include the real estate? There are no right or wrong answers to the question about whether the seller of a business should include the real property, or sell the company only and continue on as the landlord/lady. Peter Siegel With BizBen.com explores this issue.
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.
Buying a small to mid-sized restaurant can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant advisors weigh in with (Peter Siegel, MBA at BizBen) and discuss tips for buying a restaurant in California.
Was chatting with a potential buyer of a restaurant in our BizBen ProBuy Program and he asked me what he should look for in due diligence when he finally did find a restaurant he was interested in. Peter Siegel, MBA with BizBen and others on BizBen explore this topic.
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.
