Status: Off The Market
Posting ID: 260163
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Asking Price
NOTE: This BizBen Posting #260163 Hospice Agency in San Fernando Valley 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: 279595 | Available | 3/14/24
We have an Accreditation Commission for Health Care (ACHC) home health agency ready to bill. The agency was begun in December 2018 and it received its initial CDPH (California Department of Public Health) license in August 2019.
Asking Price
$220,000
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Posting: 277528 | Available | 7/28/23
This home health agency is for sale in the Sunland Tujunga, California area. The company has been operating since 2017, has a current census of 28, and is fully staffed. The total projected revenue for 2022 is $700,000.
Asking Price
$349,000
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Posting: 285773 | Available | 5/14/24
This hospice (first license only) is located in Long Beach, CA, away from the saturated valley. It is ready to call for the final survey, read for the 'ready letter'. It has an amazing office space with three private rooms and incredibly low rent! It has a secure office building complex.
Asking Price
$139,000
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Posting: 281810 | Available | 1/2/24
If you're looking to enter the thriving home health industry in California, this is a rare opportunity to acquire an established Home Health Agency operating since 2003, with Medicare and Medicaid certification.
Asking Price
$300,000
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Posting: 285906 | Available | 5/4/24
For sale is a DHS hospice license. It is brand new, has never been operated,can transfer 100% shares to new owner. It can be relocated. There will be assistance available for CHOW, CHOL, accreditation and/or operation if needed.
Asking Price
$155,000
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$350,000
Posting: 286560 | Available | 5/14/24
This well-established outpatient hospice care agency, which has been operating since April 2014, is now available for sale. It is accredited by JACHO (Joint Commission) until April 30, 2025, and holds a DHS license valid until March 4, 2025. It is a Medicare provider in good standing.
Asking Price
$350,000
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Posting: 284051 | Available | 11/28/23
A remarkable opportunity is available with the sale of an established Hospice business in Los Angeles, California. Operational since 2015, this business is not subject to selling restrictions or affected by the 36-month or 5-year rules. It covers a strategic area, including LA County/San Fernando.
Asking Price
$300,000
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Posting: 286406 | Available | 5/4/24
This fully licensed and accredited hospice agency has a pharmacy contract, durable medical equipment contract, software contract, medical director, registered nurses, LVN, spiritual group, and social worker. It has been operating for the last six months.
Asking Price
$350,000
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Posting: 285867 | Available | 5/14/24
This is a hospice agency for sale in Burbank, Los Angeles County, California, with first license only. It must pass the second survey. The price is $175K.
Asking Price
$175,000
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$159,000
Posting: 279586 | Available | 5/14/24
Home Health Care Agency-Brand New-Never Operated-Fully Licensed By CDPHS-Accredited By ACHC-Medicare Provider In Place-Ready To Bill -Licensed To Do Business In 5 different counties (LA-Orange-Ventura-Sun Bernardino-Riverside)-Relocatable.
Asking Price
$159,000
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Posting: 285522 | Available | 5/2/24
For sale is a hospice agency located in the San Fernando Valley Area, Los Angeles County. It is Health Department licensed (CDPH License). It was originally licensed in 2020 and it is Joint Commission Accredited.
Asking Price
$350,000
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Posting: 282409 | Available | 11/30/23
An exceptional opportunity awaits with the sale of a Hospice business in Texas. This clean and ready-to-operate agency is 100% Medicare certified, allowing immediate billing. With the flexibility to relocate the business to any desired location, this sale offers a unique chance.
Asking Price
$300,000
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Posting: 281881 | Available | 7/31/23
Unique and incredible Home Health and Hospice Franchising Agency available in Minnesota. With a total revenue of $1,000,000 in 2022 and a well-balanced payer mix, this franchise holds immense potential for growth and expansion.
Asking Price
$750,000
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Posting: 279942 | Available | 11/29/23
A brand new startup hospice in San Diego, CA is up for sale! With Medicare and Medical capabilities, this hospice is ready to start billing immediately upon closing and has never been billed before. CHAP accreditation ensures quality care, and there are no CAP issues or census.
Asking Price
$399,000
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Posting: 285759 | Available | 5/12/24
A new Hospice located in Houston Texas, is currently for sale. Certifications: Medicare Certification, Accreditation: CHAP, Census: Yes. Billing Number: PTAN and ready for Billing. Cap Status: Absolutely No Cap.
Asking Price
$250,000
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Revenue
$1,000,000
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$650,000
Posting: 283751 | Available | 3/14/24
We have a great opportunity to acquire a ready to bill, clean Joint Commission (JC) accredited hospice agency in Las Vegas, Nevada (Clark County)! This agency was started in 2018 and it received its ACHC accreditation in October of 2019. The sale price is negotiable!
Asking Price
$650,000
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Posting: 285709 | Available | 3/19/24
Dallas, Texas Hospice, excellent opportunity for acquisition. No census, all necessary certifications in place, ready to bill immediately. Clean license, ACHC accreditation, and Medicare certified. Coverage area includes Region 3, encompassing the Dallas Metroplex and several surrounding counties.
Asking Price
$225,000
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$350,000
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Posting: 286219 | Available | 4/22/24
The property is licensed for a 6-bed Residential Elderly Care home, approved for 6 non-ambulatory residents, with a hospice waiver for 4 residents. It is located on a corner lot in a very good residential neighborhood across from the park. The property is being sold for $1,578,000.
Asking Price
$1,578,000
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Posting: 282412 | Available | 11/30/23
A remarkable opportunity awaits with the sale of an established Hospice business in Texas. This Hospice is fully Medicare certified, equipped with CHAP accreditation, and has the added advantage of Medicaid. With a current census of 5 patients, this Hospice offers a strong foundation.
Asking Price
$500,000
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Posting: 284382 | Available | 12/20/23
Hospice, currently based in Texas available for acquisition. 100% Medicare certified, providing a clean agency that's ready to bill immediately. No current revenue or census, offers a fresh start for new ownership. The accreditation was obtained on 9/16/2021, and the PTAN was issued on 10/15/2021.
Asking Price
$300,000
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Posting: 285279 | Available | 4/11/24
For sale is a hospice. 36-month rule does not apply, allowing for immediate billing at closing. PTAN set to be obtained at closing, this hospice is poised to accept Medicare and Medicaid. State-certified and accredited by the Joint Commission. Brand new with no CAP or existing staff/census.
Asking Price
$295,000
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Posting: 284316 | Available | 12/15/23
A Hospice agency in Dallas, Texas, is available for sale. This established agency has an office in Fort Worth, a clean license, and is ready to bill immediately with a PTAN in hand. It holds CHAP Accreditation and covers Region 3, including various counties.
Asking Price
$250,000
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Posting: 274602 | Available | 7/28/23
This is a hospice agency for sale in Las Vegas, Nevada. The company has potential for growth and is ready to bill Medicare immediately. They have their PTAN in hand. This opportunity is for a clean Medicare provider number. It is a Medicare-certified hospice with CHAP accreditation.
Asking Price
$450,000
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Posting: 284368 | Available | 12/20/23
A hospice agency in Dallas, Texas, with an office in Fort Worth, is available for sale. This agency boasts a clean license and a PTAN (Provider Transaction Access Number) is expected within 90 days by December. It holds CHAP (Community Health Accreditation Partner) accreditation and covers Region 3.
Asking Price
$250,000
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Posting: 285530 | Available | 3/6/24
For sale is a hospice care facility licensed by the State of Nevada Department of Health and Human Services. It is in a prime location in Las Vegas, Clark County, Nevada.
Asking Price
$139,000
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Posting: 286003 | Available | 4/5/24
Newly established Colorado Springs Hospice. Newly acquired license, ACHC accreditation, PTAN in hand. Potential for partnership offers additional avenues for growth and expansion. Medicare certified and in the process of Medicaid enrollment. Covers all of Colorado. 36-month rule does not apply.
Asking Price
$310,000
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$400,000
Posting: 285669 | Available | 3/15/24
We have an excellent opportunity to acquire an existing ACHC-accredited hospice located in Orange County. This agency is a perfect fit for anyone looking to scale their current operation or those looking at entering the hospice market. No 3-year rule!
Asking Price
$400,000
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Posting: 284379 | Available | 12/20/23
This is a brand new hospice based in Irving, Texas. This hospice comes with a clean provider number, is ready to bill Medicare immediately, and is CHAP accredited. It currently has no census and no revenue, offering a fresh start for a new owner. The agency covers the entire state of Texas.
Asking Price
$225,000
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$1,400,000
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$112,500
Posting: 286469 | Available | 5/15/24
An established boba business is selling a high-performing store, along with exclusive territory rights for the Bay Area. The business offers several streams of residual income and operates as a turnkey operation, making it easy to manage. However, potential buyers must possess restaurant experience.
Asking Price
$750,000
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Posting: 285637 | Available | 5/12/24
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
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$4,500,000
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Posting: 285309 | Available | 5/15/24
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
$200,524
Revenue
$1,314,394
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$285,000
Posting: 285041 | Available | 5/16/24
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
$219,950
Revenue
$219,950
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$2,900,000
Posting: 283295 | Available | 5/12/24
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
$131,973
Revenue
$276,507
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$260,000
Posting: 285719 | Available | 5/11/24
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
$180,000
Revenue
$895,392
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Posting: 284916 | Available | 5/14/24
Situated in a high-traffic plaza, this restaurant holds significant potential, surrounded by renowned eateries and tea cafes that attract a diverse crowd. Originally focused on K-food, the menu has evolved to include new rolls and ramen, expanding our customer base.
Asking Price
$445,000
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Revenue
$1,080,000
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$200,000
Posting: 284863 | Available | 5/9/24
This is a mid-size Latino supermarket with meat, produce, a hot-deli, a bakery, and adding check cashing business (big potential). All fixtures and equipments are all most brand new. It is surrounded by many residential and apartment areas. It is in a Hispanic population.
Asking Price
$399,000
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$320,000
Posting: 285860 | Available | 3/26/24
Tangible Asset Sale! This establishment marks its first appearance on the market in 48 years, offering a rare opportunity in Little Tokyo's prime location. The prospective new lease comes with the possibility of a reasonable base rent compared to the prevailing market rates in the area.
Asking Price
$320,000
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$1,440,000
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Posting: 268306 | Available | 4/28/24
This is an established high-volume restaurant/bar for sale in Berkeley near the hill. This restaurant has served the Berkeley/East Bay community since 1996 with great Yelp reviews. They have rustic decor with an open kitchen concept. It is approximately 2,800 sq ft.
Asking Price
$395,000
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Revenue
$840,000
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$130,000
Posting: 284090 | Available | 5/9/24
This is a well-established and famous sushi restaurant in the Glendora area. Its current monthly sale is about $70,000 with a full kitchen and beer/wine. It is 2,000 sq ft. with rent of just $4,100 including NNN. They have beer/wine.
Asking Price
$269,000
Cash flow
$150,000
Revenue
$600,000
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$100,000
Posting: 283941 | Available | 12/26/23
For sale is a market. The seller is sick and wants to retire. High margin 50%, They get $15,000 net income per month, so you can get your investment within a year. No Lottery; If you sell lottery you can also get extra income. Easy to run. They do not sell meat. Open hours : 8am-9pm. 2 employees.
Asking Price
$200,000
Cash flow
$121,000
Revenue
$576,000
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$399,000
Posting: 278600 | Available | 3/4/23
Jinky's Coffee Shop/Restaurant in a highly visible corner location in Santa Monica Promenade. Ocean view from the front of the shop. Newly established for approximately 2 years. Previously was a Coffee Bean and Tea Leaf store. Lots of potential to grow. Lunch and dinner items can be added.
Asking Price
$499,000
Cash flow
$400,000
Revenue
$1,690,000
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Posting: 280930 | Available | 4/4/24
Step into the vibrant world of Greek gastronomy with this well-established restaurant in Lakewood. Over years of dedicated service, it has cultivated a loyal customer base, revered for its authentic Greek cuisine.
Asking Price
$299,000
Cash flow
$132,000
Revenue
$950,000
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Posting: 284551 | Available | 4/22/24
For sale is an established soul food restaurant near So-Fi stadium. It is a semi-absentee money maker. The annual sales are $950K. We are looking for an entrepreneur who can utilize the potential to take this venture to the next level with so many development projects nearby.
Asking Price
$450,000
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$375,000
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Posting: 285692 | Available | 5/10/24
For sale is a well-established, 100% absentee run cajun seafood & crawfish restaurant located in busy shopping center in Pomona. Because current owner has other locations and couldn't manage it well, it is being sold. It has a beer & wine license #41.
Asking Price
$169,000
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Revenue
$960,000
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$225,000
Posting: 285389 | Available | 2/27/24
For sale is a very prime location with heavy traffic. It is open 6 days a week, Mon-Sat 10.30-9.30 pm. You can open on Sundays for more sales too. You can bring your own items to add up too. The size is around 2,500 sq ft. with a patio. You can convert it to another type of restaurant.
Asking Price
$225,000
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Posting: 284159 | Available | 12/5/23
For sale is a great location for bakery, sandwich, tea, coffee, dessert store, etc. There is plenty of parking. There are lots of great restaurants nearby and Costco is just a mile away. It is 1,100 sq. ft and the rent is $3,780 (negotiable)/CAM is $1,058.40 with a 5-year lease (negotiable).
Asking Price
$55,000
Cash flow
$41,533
Revenue
$326,720
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Posting: 286543 | Available | 5/13/24
Dive into a sweet opportunity with this flourishing organic ice cream business situated in a prime retail location on a bustling main thoroughfare in an affluent East Bay city. Renowned for its commitment to quality and sustainability, this business stands out by offering an array of flavors.
Asking Price
$195,000
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Revenue
$1,112,883
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$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
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Posting: 276690 | In Escrow | 3/23/23
For sale is a state-of-the-art restaurant space in downtown Long Beach with a lot of foot traffic. The size is 2,400 sq. ft. There is a large event space in the back that can hold 100 or more people. Landlord proposes $4500/Mo rent. All FF&E dates are from 2016.
Asking Price
$150,000
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$600,000
Posting: 283217 | Available | 4/30/24
For sale is a high-end convenience store with beer, wine, coffee, and a deli. This is a take-out restaurant business with great net profit/income. The amazing location has no competition. Call for more info. Buyers only please.
Asking Price
$1,490,000
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$1,188,395
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Posting: 285246 | Available | 2/18/24
You cannot beat this high-visibility corner location in this popular East Bay community. The 1,800+/- sf space exudes a small-town vibe but has the population to support high volume. Located on the central thoroughfare for this city this popular eatery pumped out nearly $1.2million in sales in 2023.
Asking Price
$260,000
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$700,000
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Posting: 269371 | Available | 5/3/24
Thriving family-owned Mediterranean market & deli in Antelope Valley! The average gross sales are $60K. The rent is about $3,000 per month including NNN. Size: Spacious 2,121 sq ft. market. Product Range: Exclusive offerings of Armenian, Persian, Arabic, Indian, and more!
Asking Price
$149,999
Cash flow
$144,000
Revenue
$490,000
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Posting: 270083 | Available | 9/29/21
Established for nearly 25 years by one owner, this popular Montebello, CA Ice Cream Store is in a very busy location with lots of foot traffic. It is a well run business with low overhead cost. Business offers popular tasty Ice Cream, Smoothies, Acai Bowl, Juice Bar. Large Latino neighborhood.
Asking Price
$399,000
Cash flow
$278,330
Revenue
$5,442,834
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Posting: 286394 | Available | 5/2/24
A premier natural health food, grocery & supplement store complete with an in-house cafe, bakery, juice, smoothie, coffee bar, and more! Selling natural, organic & vegan groceries, produce, meat, nuts, dairy, in-house prepared foods, plus supplements.
Asking Price
$1,075,000
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Posting: 274508 | Available | 4/28/24
Asian fusion restaurant for sale in upscale Oakland neighborhood. Located in the neighborhood is a residential and commercial district in the North Oakland region of Oakland, California. This commercial street is known for dining and retail. The neighborhood roughly bounded by Temescal and Broad.
Asking Price
$250,000
Cash flow
$210,000
Revenue
$960,000
Down
$215,000
Posting: 281400 | Available | 9/10/23
For sale is a long-established & profitable busy fast-food hamburger/diner located in the center of a well-mixed commercial and residential area in the restaurant street of South Gate/Downey. The free-standing building comes with great parking spaces and an easily accessible drive-thru.
Asking Price
$399,000
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
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
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
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
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
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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.
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...
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.
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.
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.
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.
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.
