Status: Off The Market
Posting ID: 237712
Call / Email
Asking Price
NOTE: This BizBen Posting #237712 Automotive Truck Repair, Performance Shop in San Diego 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.
Attributes:
Cash flow
$353,129
Revenue
$1,417,865
Down
Call/Email
Posting: 280333 | Available | 2/29/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$1,300,000
Cash flow
$500,000
Revenue
$4,000,000
Down
$500,000
Posting: 284937 | Available | 1/31/24
An exceptional business opportunity presents itself with the offering of a well-established used car dealership coupled with a certified mechanic shop and repair services in the vibrant city of San Diego. Situated in an attractive locale. Annual sales are over $4 million.
Asking Price
$700,000
Cash flow
$120,000
Revenue
$360,000
Down
Call/Email
Posting: 286599 | Available | 5/16/24
This auto repair business has been in operation for over 20 years with repeat clients. They handle all types of repairs for both domestic and foreign automobiles as well as Smog testing. They have lifts and most of the tools necessary for all types of repairs.
Asking Price
$149,000
Cash flow
$699,095
Revenue
$2,372,098
Down
Call/Email
Posting: 283142 | Available | 2/8/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. The business has seen double-digit organic growth since its inception.
Asking Price
$2,400,000
Cash flow
$419,430
Revenue
$3,988,789
Down
Call/Email
Posting: 285603 | Available | 3/11/24
This established rental car agency has licensing agreements in place capitalizing on the highly sought after San Diego tourism market. Over 250 vehicles are in the existing fleet. Vehicle equity is not included in the asking price and outstanding credit lines will need to be assumed by the buyer.
Asking Price
$1,650,000
Cash flow
$687,632
Revenue
$2,802,106
Down
Call/Email
Posting: 280070 | Available | 2/29/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. The business has seen double-digit organic growth since its inception.
Asking Price
$2,600,000
Cash flow
N/A
Revenue
N/A
Down
N/A
Posting: 285421 | Available | 5/9/24
For sale 8 bays mechanic shop with smog check and repairs. (Assets Sale) It is located in Escondido, CA. Rent is only $3,600 per month. The building size is about 4,700 SQ/FT. The lease is 11 years (asset sale). It has 8 bays and the asking price is $75,000.
Asking Price
$75,000
Cash flow
$167,034
Revenue
$1,751,819
Down
$297,000
Posting: 272357 | Available | 2/15/22
Long established Tire & Service Center in a prime location in a medium sized town in San Diego North County with a total of seven neighborhoods that range in size and density. The population is over 20,000 with a wide demographic and active community. Selling tires & service for any budget & vehicle
Asking Price
$495,000
Cash flow
$200,000
Revenue
$900,000
Down
$345,000
Posting: 254833 | Available | 10/20/23
Price lowered fr $395k. For sale is a well-established hybrid auto repair shop with great customer reviews. This is a great investment opportunity for those seeking a profitable and reputable repair shop! It is located in the heart of the densely populated Miramar and Mira Mesa area.
Asking Price
$345,000
Cash flow
$419,076
Revenue
$1,389,987
Down
Call/Email
Posting: 286607 | Available | 5/16/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each business, which is comprised of multiple routes, comes with (1) truck and (1) experienced driver already in place for each route.
Asking Price
$1,550,000
Cash flow
$260,612
Revenue
$831,552
Down
Call/Email
Posting: 280924 | Available | 2/10/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. The business has seen double-digit organic growth since its inception.
Asking Price
$900,000
Cash flow
$235,071
Revenue
$773,297
Down
Call/Email
Posting: 286598 | Available | 5/16/24
This established auto service and repair shop was originally founded in 1980. The current owner acquired the business in 1987. It has solid year over year revenues with a cash flow of $235,071. This business is very well established in a great location!
Asking Price
$395,000
Posting: 285252 | Available | 2/19/24
I am a business broker representing a client who is interested in purchasing multiple mechanic shops in Southern California. My client is looking for sizable shops that have at least 5 bays/lifts. They can be specialized or not specialized.
Cash flow
$232,678
Revenue
$895,956
Down
Call/Email
Posting: 283100 | Available | 2/9/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$825,000
Cash flow
$576,956
Revenue
$1,901,368
Down
Call/Email
Posting: 284004 | Available | 2/10/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$1,600,000
Cash flow
Call/Email
Revenue
$240,000
Down
$85,000
Posting: 285686 | Available | 4/19/24
For sale is a well-established auto repair shop in the city of San Bernardino. The owner finally wants to retire after 14 years working at the same location. Its size is about 1,400 sqft with 3 bays and lots of parking space. The current rent is just $1,910. All the tools are included in the sale.
Asking Price
$84,000
Cash flow
$395,232
Revenue
$1,448,312
Down
Call/Email
Posting: 286608 | Available | 5/16/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each business, which is comprised of multiple routes, comes with (1) truck and (1) experienced driver already in place for each route.
Asking Price
$900,000
Cash flow
$333,698
Revenue
$1,303,515
Down
Call/Email
Posting: 284649 | Available | 1/12/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$1,250,000
Cash flow
$193,395
Revenue
$775,689
Down
Call/Email
Posting: 284037 | Available | 2/10/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$700,000
Cash flow
$300,771
Revenue
$1,221,366
Down
Call/Email
Posting: 286514 | Available | 5/23/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$850,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$20
Posting: 284552 | Available | 1/8/24
This is an Arco AMPM gas station business opportunity for sale in Solano County area. It has a big convenience Store, 6 MPDs, and a 1.3-acre lot. It's a business opportunity only for sale and no property is included. The express automatic car wash is also available but not operating at the moment.
Asking Price
$2,350,000
Cash flow
$684,968
Revenue
$2,404,477
Down
Call/Email
Posting: 283556 | Available | 3/20/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. The business has seen double-digit organic growth since its inception.
Asking Price
$1,875,000
Cash flow
$292,483
Revenue
$1,133,750
Down
$80,000
Posting: 282827 | Available | 5/6/24
This is an 18-year established family-owned business performing general automotive repairs in Yolo County. The business specializes in engine diagnostics, vehicle maintenance, steering & suspension, tires, AC diagnostics and general repairs of domestic & imported vehicles.
Asking Price
$800,000
Cash flow
$421,093
Revenue
$1,978,211
Down
Call/Email
Posting: 285617 | Available | 5/23/24
Asking Price: $1,000,000 with assumption of $350,000 in vehicle financing. FedEx Ground Routes for Sale: Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Business has seen double digit organic growth since inception
Asking Price
$1,000,000
Cash flow
$340,109
Revenue
$1,198,468
Down
Call/Email
Posting: 286320 | Available | 4/29/24
Well-established and highly profitable FedEx Ground routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$1,050,000
Cash flow
$235,000
Revenue
$1,740,000
Down
$210,000
Posting: 286256 | Available | 5/21/24
Work in a recession-resistant industry where weekly pay is guaranteed. Straightforward business model - simply manage your fleet and team of drivers. No accounts receivable. No rental space required. No inventory required. No marketing required. Steady, predictable revenue.
Asking Price
$875,000
Cash flow
$118,732
Revenue
N/A
Down
N/A
Posting: 283307 | Available | 3/6/24
For sale is an automotive repair shop, historically certified as a Monterey Bay Green Business and offering full range of services. It's one of the last custom exhaust fabricators in the area. The absentee owner is retiring, making this a good opportunity for a new independent operator.
Asking Price
$115,000
Cash flow
$944,036
Revenue
$6,040,521
Down
Call/Email
Posting: 286257 | Available | 4/25/24
Well-established and highly profitable FedEx Linehaul routes. All routes are contiguous, making load sharing among routes efficient. Each route and supplemental comes with (1) truck and (1) experienced driver already in place. Business has seen double digit organic growth since inception.
Asking Price
$2,900,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286238 | Available | 5/23/24
Historic restaurant and bar, East of Alpine. This stand-alone 4,500 sq. ft building with a patio and full kitchen equipped with an A1 hood. Keep it as is or explore new concepts. ABC type 47 license available separately. Unlimited potential for menu expansion, live entertainment, and marketing.
Asking Price
$199,000
Cash flow
Call/Email
Revenue
$4,500,000
Down
Call/Email
Posting: 285309 | Available | 5/22/24
Situated at a prime corner spot on a bustling main block in Los Angeles, this establishment resonates with rich global influences, creating a unique and inviting atmosphere. Boasting adaptable space accommodating up to 140 guests, the venue features timeless design elements.
Asking Price
$825,000
Cash flow
$131,973
Revenue
$276,507
Down
$260,000
Posting: 285719 | Available | 5/25/24
This burgeoning Encino eatery is the quintessential 5-day deli opportunity that boasts solid earnings despite its abbreviated operating hours. The venue, which is known for its high foot traffic location and inviting atmosphere, provides a cozy space.
Asking Price
$225,000
Cash flow
$50,000
Revenue
$380,000
Down
$154,900
Posting: 284866 | Available | 5/24/24
This is your opportunity to own a Baskin Robbins ice cream store in Sunny San Diego County. Baskin Robbins is the #1 ice cream franchise in the World. The store opened in July 2017. The current owner purchased the store in January 2019. It is located in a great shopping center.
Asking Price
$154,900
Cash flow
$200,524
Revenue
$1,314,394
Down
$285,000
Posting: 285041 | Available | 5/23/24
This greater Silverlake/Glendale area market combines a carefully curated assortment of natural and organic wines, beers, spirits and beverages, food, merchandise and home goods with organic produce, breads and specialty provisions sourced locally to ensure freshness.
Asking Price
$285,000
Cash flow
N/A
Revenue
N/A
Down
Call/Email
Posting: 285637 | Available | 5/24/24
This is a great opportunity to get into the bar business. This establishment has been around for over a decade. The neighborhood bar is located in a vibrant setting surrounded by multiple restaurants and other bars. This bar is known for creative and fun cocktails. A local iconic spot with regulars.
Asking Price
$399,999
Cash flow
$219,950
Revenue
$219,950
Down
$2,900,000
Posting: 283295 | Available | 5/19/24
This Silverlake restaurant and bar with liquor, onsite parking, and excellent street visibility boasts what may arguably be the most coveted outdoor patio in the area. The venue has 3 dining areas that open into an adjacent bar and outdoor patio. The corner property is included!
Asking Price
$2,900,000
Cash flow
$231,903
Revenue
$1,780,399
Down
Call/Email
Posting: 274272 | Available | 5/17/24
This high-volume Fatburger/Buffalo Cafe is located on a street with heavy foot traffic near commercial businesses and universities. Fatburger is a quick casual, take-out & sit-down hamburger chain founded in 1952. It features freshly prepared, cooked-to-order food prepared in full view of guests.
Asking Price
$895,000
Cash flow
Call/Email
Revenue
$1,500,000
Down
Call/Email
Posting: 284132 | Available | 5/2/24
This very attractive Italian restaurant offers a striking interior and boasts 4,518 sq.ft. It is located in a charming foothill village area, in the San Gabriel Valley, surrounded by restaurants and shops. Which makes for a very walkable area and city center.
Asking Price
$325,000
Cash flow
$90,000
Revenue
$240,000
Down
$150,000
Posting: 286367 | Available | 5/2/24
A well-established sandwich shop is located in a busy center, surrounded by offices and retail stores. It has been under the same ownership for 20 years and operates for five days a week with short business hours from 8:00 a.m. to 5:00 p.m.
Asking Price
$150,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285770 | Available | 5/23/24
Take advantage of this great opportunity to obtain a staple restaurant here in the Antelope Valley. Placed on 6.9 acres of land! Just two blocks away from highway 138. This is a great location to offer truck parking or to convert to a truck stop with the already existing restaurant.
Asking Price
$1,375,000
Cash flow
$120,000
Revenue
$500,000
Down
All Cash
Posting: 284394 | Available | 4/8/24
For sale is a great Korean K-Pop style fried Chicken concept restaurant located in very busy shopping center. It is 100% absentee run and opened 6 months ago and has great potential if new owner comes in do all the marketing & social media.
Asking Price
$325,000
Cash flow
Call/Email
Revenue
NA
Down
Call/Email
Posting: 283641 | Available | 3/23/24
Located in a major shopping center in North San Diego City (92127) is an Italian cuisine restaurant with a full cocktail bar (type 47 license). It consists of 4,500 sf and seats 160 inside. 1,100 sf is covered and the heated patio seats 80, ideal for private parties and special events.
Asking Price
$155,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285872 | Available | 3/27/24
First time on the market in over 30 years! Rare opportunity to capitalize on a longstanding restaurant on main corner with high visibility. Desirable interior features such as open floorplan, high ceilings, spacious bar and abundant dining space inside and on outdoor patios.
Asking Price
$395,000
Cash flow
$120,000
Revenue
$504,000
Down
$205,000
Posting: 226128 | Available | 10/12/20
Pizza restaurant for sale with a good reputation. Loyal customers and ample parking. A new operator with good business sense would do much better than the current owner. Seller encourages any serious buyer to do an in-store observation to understand the value of outstanding and profitable business.
Asking Price
$205,000
Cash flow
N/A
Revenue
N/A
Down
N/A
Posting: 286591 | Available | 5/21/24
For sale are Type 47 and Type 48 liquor licenses in Los Angeles County.
Asking Price
$140,000
Cash flow
$171,629
Revenue
$601,369
Down
All Cash
Posting: 282418 | Available | 11/3/23
The price has reduced by $200K to $390,000including the type 47 license. It has been family-owned/operated and established 10 years. The 2022 sales were $601,369 and the owner-adjusted cash flow was $171,629. The lease is 3 years with a 5-year option for 1,800 sq ft. It is $,5400 per month for rent.
Asking Price
$390,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285076 | Available | 3/19/24
Profitable restaurant in prime location in Eastlake. This 4,700 SF restaurant is beautifully designed with a large indoor dining area, a full bar, and a partially covered outdoor dining area. They have a standout end-cap with ample parking and excellent co-tenants in a well-known center.
Asking Price
$299,000
Cash flow
N/A
Revenue
N/A
Down
Call/Email
Posting: 284034 | Available | 3/26/24
This restaurant is located on the busy 7th Street in Long Beach. The kitchen features a 14-foot hood, a grease trap under the dishwashing sink, and fixtures, furniture, and equipment (FF&E) in good condition. The sale also includes a Type 41 beer and wine license.
Asking Price
$98,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286008 | Available | 4/5/24
The Asian restaurant is for an asset sale.It is currently closed for remodeling but can be easily converted to another concept. It is situated in a busy shopping center with high traffic and ample parking. The monthly rent is $6,277 plus $1,632 for NNN. The store size is 1,395 square feet.
Asking Price
$100,000
Cash flow
Call/Email
Revenue
$1,112,883
Down
$599,000
Posting: 278835 | Available | 2/2/23
This Norwalk adjacent bar and restaurant with live entertainment and sidewalk seating boasts a loyal following due to its unique concept that helps to promote a stable patronage base, its live music and special event entertainment calendar, craft beer offering, and chef-driven menu offerings.
Asking Price
$599,000
Cash flow
Call/Email
Revenue
$1,200,000
Down
$350,000
Posting: 283930 | In Escrow | 11/20/23
The average gross sales are $106k a month from the seller's description. The financials only show for serious buyers. A beer & wine permit is included. It has a fully equipped kitchen such as type 1 hood, walk-in cooler, walk-in freezer, and large grease trap of 1,500 gallons.
Asking Price
$350,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$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
Cash flow
$120,000
Revenue
$600,000
Down
$189,000
Posting: 283568 | In Escrow | 10/27/23
This is a profitable Mediterranean restaurant in a popular commercial area. It is located in a busy center by heavy traffic streets with high visibility and close to residential areas. Previously it was a Chinese restaurant with a well-equipped double kitchen ideal for Asian menu concepts.
Asking Price
$189,000
Cash flow
Call/Email
Revenue
$504,000
Down
Call/Email
Posting: 284174 | Available | 4/18/24
For sale is a well-established and famous boba & grill in Whittier. The current owner opened just two years ago from scratch. It has a long hood, a walk-in cooler & freezer, a grease trap, and two restrooms for a dining restaurant. It is great for a cafe or dining restaurant.
Asking Price
$195,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285295 | Available | 5/9/24
Opportunities like this in the heart of the hugely popular Riviera Village area of Redondo Beach rarely come up. The existing business is designated as a snack shop, but it could potentially be converted to a restaurant or cafe. Great for delis, juice shops, baked goods and so much more.
Asking Price
$170,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284967 | Available | 5/7/24
For sale is a fully-functional, long time established Thai restaurant with great clientele and location in Lancaster. It currently holds a beer and wine license. The location offers approximately 3,200 sq ft of space. The rent is 10k per month and landlord is willing to start a new lease.
Asking Price
$150,000
Cash flow
N/A
Revenue
N/A
Down
N/A
Posting: 283390 | In Escrow | 10/17/23
San Diego County ABC On Sale liquor license for sale. Currently, type 48, can be converted to a on-sale 47. Submit offer.
Asking Price
$135,000
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
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
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
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
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.
One of the most important steps in buying a business is doing your due diligence. When buying a California winery, there are three major areas to focus your attention during this period of research. Learn about these three factors in this BizBen blog post on wine industry due diligence for buyers.
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.
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!
Lee Petsas, a Southern California business broker addresses how he handles potential business buyers when they request information on a business for sale listing. He gives his strategies and tips for handling and directing business buyer inquiries.
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.
Knowing how to advertise a business for sale without revealing too much is an important skill for anyone who wants to find a buyer for a small or mid-sized California business at a good price. One caution about giving too much detail is that it might identify the company and ruin confidentiality.
A problem owners encounter when offering a California business for sale is that not all so-called buyers are qualified to make the purchase. It's frustrating and costly to waste time showing non-qualified buyers the business. Here are ways to identify time wasters so the focus is on real buyers.
Each day, more than 10,000 Baby Boomers turn 62. Around this age, Americans, many of which are small business owners, start to think about their exit strategy from the workforce. For a small business owner, the process can be complex and their decision to retire has an impact on many others.
Looking to buy restaurant businesses? Check out these tips first to avoid getting blindsided when you buy restaurants. Peter Siegel, MBA with BizBen.com discusses this topic.
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.
Any deal when selling a business tends to have a life of its own. Joe Ranieri discusses a restaurant deal in Orange County that has had many twists and turns. This article shows what types of issues can and do come up when selling a business or in this case a restaurant.
Start-up costs are typically so high to build a restaurant from scratch that many current owners prefer to look for an existing restaurant that isn't doing so well and customize it as their own - second location. Joe Ranieri gives tips to restaurant owners buying a second location to expand.
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.
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.
Peter Siegel, MBA discusses buying pizza restaurant for sale tips and what to watch out for. Topics: Owner involvement in the business as pizzerias are most successful when the owner is onsite. Also discussed is the importance of location and reviewing all financial and tax information.
In The New Economy that we are buying and selling and businesses in, finding funding can be the most challenging part of a sale. Many buyers will have limited funding and need to finance a good portion of the sale but what happens when a buyer has NO money? Peter Siegel with BizBen explains how.
Restaurant franchise offerings are among the most popular of the business types potential business buyers seek. What many would-be owners don't realize is that there are specific tips for buying fast food or restaurant franchises that don't necessarily apply to independent restaurants for sale.
Owners often ask agents to sell business offerings for them. It's usually more difficult than selling houses when working to find a buyer for a business, to satisfy contingencies and close escrow. Business sales intermediaries either agents or brokers may want large fees, but often are worth it.
There are a handful of key asset categories in allocating or breaking down the purchase price allocation of a business sale. The allocation is required to complete the transaction. Lee Petsas, a Southern California business broker reviews this topic in detail for buyers and sellers of businesses.
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.
For starters, a pop-up restaurant is a short-lived dining experience in a temporary location, most found in abandoned factories or warehouses, rooftops, barns, or an already existing restaurant location, so basically anywhere done legally and safely. They exist for a few days, weeks or a few months.
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.
A BizBen blog reader emailed me this question: "I am starting due diligence this week on buying a cocktail bar With a 48 license what should I be asking for, thinking about, watching out for? Is there a list of items I should ask for?" Peter Siegel with BizBen answers this question.
Owning a bar is a fantasy that many can claim. Who hasn't once thought about what it would be like to own and manage the hottest place in town? Like all business investments, there are important factors to consider before you jump in and buy a bar. Peter Siegel, Founder of BizBen.com discusses...
Financing a yogurt shop for sale can be challenging. Here, you'll learn the real scoop behind financing a yogurt shop for sale to help it be profitable from the start. Peter Siegel with BizBen discusses strategies on this topic.
Bakeries service all occasions from weddings, birthdays, retirement, and a whole host of other special occasions. Many bakeries do a brisk retail business, but really make their money in catering. Joe Ranieri a Southern California Business Broker looks at the top tips when trying to sell a bakery.
Californians love coffee, and many will find a way to get their "fix" though out the day. Many opt for convenience when getting their coffee, and when they are unable to make a coffee run, they will buy from a coffee cart. Joe Ranieri discusses all items related how to buy a coffee cart business.
The restaurant business is a tough business to be in, no one can dispute that, and so it's imperative that an owner's equipment is in good working condition. A new owner should make sure that the restaurant's equipment is in good working order before they close escrow. We discuss this topic.
In this Discussion, we define financing options available to potential restaurant buyers when purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant purchase, potential restaurant buyers have several options to choose from.
Buying a seasonal small business restaurant can be challenging, but Joe Ranieri a business broker restaurant specialist and others in this BizBen Discussion review multiple ways to offset these factors and still get the most from buying and operating a small to mid-sized seasonal restaurant.
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.
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.
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.
My restaurant recently upgraded its beer with wine license to a full-service liquor license, and if I sell, how much can that increase my selling price? A Southern California restaurant broker specialist initiates this discussion and other advisors, business brokers, agents weigh in on this topic.
Ice cream shops are a favorite with buyers of small businesses, but many times don't know what to look for when seeking a purchase of a shop. Joe Ranieri and other intermediaries and advisors share their experience and expertise to potential ice cream shop owners. Explore these tips to learn more.
Butcher shops, once a vestige, are increasingly becoming popular again in many metropolitan and suburban cities. In this Discussion Post on BizBen, Joe Ranieri (Orange County & LA County Business Broker) discusses various issues of buying a butcher shop and what that entails for business buyers.
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.
Can a seller of a small business back out of an ongoing escrow? Probably, yes, it all depends how far along the escrow is, which will dictate how messy things will get for both owner & buyer. Joe Ranieri (Southern California Business Broker) gives his feedback with others on this BizBen Discussion.
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.
Changing hands of business ownership can seem both exciting and daunting to all parties involved, but it's important that a smooth transition occurs to maintain or achieve success of the business. Here are some tips I recommend ensuring things go smoothly when buying a California small business.
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.
Should small business owners/sellers or brokers/agents give potential buyers direct access to past company tax returns and financials (profit & loss statements) either before or pre the due diligence process? Multiple ProIntermediaries and ProAdvisors discuss this topic on this BizBen Discussion.
50% of all California small business for sale transactions fail to complete. Why do businesses for sale fall out of escrow? Joel Miller (a senior care business specialist) discusses his 5 top reason why businesses fall out escrow along with other brokers, advisors on this BizBen Discussion.
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.
Overpricing is the number one mistake sellers and their brokers make when putting businesses on the market. Even profitable, well-managed businesses can get buried under a bad number. Brian Loring (Los Angeles County Business Broker) discusses "the tangible trap" and how to avoid it when selling.
A huge part of any exit strategy is properly planning for that moment in time when employees find out the business is for sale or, preferably, has been sold. Your workers have been kept in the dark for as long as possible. Some won't be a bit surprised. Others may be devastated.
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.
