Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286978 | In Escrow | 7/20/24
For sale is Sunnymead Car Wash located in Moreno Valley, CA. It is currently closed and the property is to be sold as-is, where-is condition with all known and unknown faults and defects.
Asking Price
$2,000,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286914 | Available | 7/20/24
The facility is located at a major intersection on a corner lot, with over 82,000 vehicles per day. It is one of the highest-trafficked corners in the South Bay. There are no other gas stations or express car washes on this corner. The area is densely populated.
Asking Price
$4,990,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286916 | Available | 7/20/24
For sale is a Pomona hand car wash, a full-service 100% hand car wash. It is at a great location, situated less than 1/2 mile from a major off-ramp of the 10 freeway. This is the favorite place for car lovers to wash their vehicles.
Asking Price
$749,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286950 | Available | 7/20/24
Newport Beach Car Wash & Auto Detail Center is the largest car wash building in the area, spanning over 20,000 square feet. The new buyer has multiple options to expand the car wash facility.
Asking Price
Call/Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286996 | Available | 7/22/24
Progressive Real Estate Partners is pleased to present for sale the Airport Quick Car Wash in the City of Palm Springs. The 9,043 SF building on a 1.28 acres features a 120' full service car wash tunnel and additional income being generated from the car wash convenience store.
Asking Price
$1,249,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284959 | Available | 7/22/24
Progressive Real Estate Partners is proud to present for sale the Ramon Canyon Car Wash, a Flex model car wash business that offers both Full Service and Express options. The 4,500 SF building sits on 0.93 AC of land and the car wash features a 120' tunnel with upgraded equipment.
Asking Price
$695,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 275866 | Available | 7/22/24
The Hemet Car Wash is a well-established car wash that has been serving the community for over 57 years. The Car Wash is currently operating as Full Service Car Wash but may be an ideal location for conversion to an Express model. The site's demographics show a densely populated area.
Asking Price
$1,350,000
Cash flow
call
Revenue
call
Down
call
Posting: 287635 | Available | 7/20/24
For sale is a self-service car wash located at a prime corner in Sacramento County. The seller has installed all new equipment. This business, currently run by an absentee owner, has very low rent and offers great potential for operators to earn more income and make extra profit.
Asking Price
$250,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287633 | Available | 7/20/24
For sale is a branded gas station with real estate and business included. The owner is absentee, and it is a confidential listing. Please do not disturb anyone at the station. You must sign an NDA and show proof of funds before detailed information can be provided.
Asking Price
$3,600,000
Cash flow
$1,254,000
Revenue
$3,120,000
Down
$5,000,000
Posting: 287603 | Available | 7/18/24
This full-service car wash, oil change, and branded gas station is situated on a large property in a nice, upscale, and safe area. Located on a busy corner in a fast-growing community with lots of traffic, this well-established business is now available for sale.
Asking Price
$15,900,000
Cash flow
$500,000
Revenue
$1,100,000
Down
Call/Email
Posting: 287587 | Available | 7/17/24
For sale is a major express carwash, including the land it occupies. Built on a prime lot, this facility features top-of-the-line equipment and generates an adjusted net income of $500,000 per year with gross revenues of $1.1 million. It boasts the longest tunnel in the area.
Asking Price
$7,999,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287583 | Available | 7/17/24
For sale is a Spotlight Hand Car Wash located at a corner location close to Freeway 99. The property features a 3,720 square foot building on a lot of up to 30,000 square feet, with a frontage of 140 feet. The facility includes seven bay wash spots and eight vacuums.
Asking Price
$1,400,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$25
Posting: 286787 | Available | 7/17/24
This is a great prime corner location in Tulare on a busy street. It has great potential for an owner-operator and is currently absentee-owned. There is great potential for increasing sales and adding full service. The net profit is over $10,000 per month. It has a long tunnel and no detailing.
Asking Price
$1,099,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286573 | Available | 7/17/24
This property boasts a great prime corner location with a major franchise. The store generates sales of $108,000 per month, and gas sales amount to $77,000 per month with a 75-cent margin. The free-standing car wash brings in $5,500 per month, and propane sales total $4,700 per month.
Asking Price
$10,200,000
Cash flow
Call/Email
Revenue
$1,800,000
Down
$3,000,000
Posting: 281541 | Available | 7/15/24
This unbranded gas station is located in a very good and busy area and can be changed to another brand. The seller claims the average annual gross income is $1,800,000. The asking price is $12,000,000. The buyer has to have good credit with proof of funds.
Asking Price
$13,500,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283762 | Available | 7/15/24
This is a used auto dealership business for sale in Richmond, California. It has been established for 7 years in the city of Richmond. They have a wide collection of automobiles to satisfy your driving passion either for grocery, family, daily commute, or even track day purposes
Asking Price
$120,000
Cash flow
Call/Email
Revenue
$1,800,000
Down
$20
Posting: 284166 | Available | 7/6/24
For sale is a gas station that is high-volume in gas. They also have a Circle K convenience store. They do additional rental income. It is located near 2 highways and the real estate is available. There is also a carwash.
Asking Price
$10,500,000
Bldg Size
Call / Email
Typical Floor Size
Call / Email
Year Built
Call / Email
Posting: 287383 | Available | 7/1/24
Newly opened Express car wash, hand wash and self-serve. Express wash with 40 feet tunnel. Brand new equipment.
Asking Price
$1,900,000
Cash flow
Call/Text
Revenue
Call/Text
Down
Call/Text
Posting: 287347 | Available | 6/28/24
This is a profitable, absentee express car wash for sale in Los Angeles County.
Asking Price
Call/Text
Cash flow
Call/Email
Revenue
$1,000,000
Down
$900,000
Posting: 282764 | Available | 6/25/24
This is a full-service hand car washing and detailing business at a major street location with big property and a long-term lease. There is lots of potential for an experienced operator. The owners want to retire. The location will not be provided over the phone or email.
Asking Price
$1,800,000
Cash flow
$225,000
Revenue
$450,000
Down
$250,000
Posting: 280024 | Available | 6/23/24
For sale is a full-service car wash on a busy street. It is 1.15 acres and there are over 25 spots for parking. The building was remodeled in 2020 with a nice office and guest area (where they can play California Lottery). It is located on a major street which is surrounded by businesses.
Asking Price
$799,000
Posting: 245370 | Available | 6/19/24
The buyer is an experienced, qualified, multi-station owner, who is looking to purchase a profitable gas station in the Los Angeles County Area in the 3 million, to 10-million-dollar price range, preferably with land, convenience store/market, or carwash, and selling at least 100K gallons per month.
Posting: 245792 | Available | 6/19/24
We are working with an experienced, qualified, multi-station buyer who is looking to purchase profitable gas stations in Orange and San Diego Counties in the $3,000,000 to $10,000,000 price range, preferably with the land. The station should have either a convenience store/market and/or a car wash.
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 248876 | Available | 6/19/24
This is a beautiful newly remolded ARCO gas station and car wash. The sale includes the business only but the property is also available for purchase (please inquire if interested). Sits on a large .82 acre lot (40,000 sq. ft) located conveniently off of the 8 freeway. It is absentee-run.
Asking Price
$3,995,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 270024 | Available | 6/19/24
This is a must-see Arco AM/PM gas station with a market and detached carwash. It is a beautiful station doing strong numbers at all three profit centers: fuel, market, and carwash. It has a huge 40,000 sq. ft lot and is located just off the freeway in the beautiful San Diego County.
Asking Price
$11,495,000
Cash flow
$228,000
Revenue
$938,300
Down
$500,000
Posting: 284510 | Available | 6/17/24
For sale is a well-established carwash business with big potential. It is a 100% owner-absentee business in the Long Beach area. The previous seller ran the business very actively and used to make $93k per month 4 years ago. The current seller has no time to run this business. 50% cash down.
Asking Price
$1,000,000
Bldg Size
Call / Email
Typical Floor Size
Call / Email
Year Built
2019
Posting: 287123 | Available | 6/14/24
Available for sale is the opportunity to acquire Splash & Dash Car Wash of Muscatine in Iowa. Situated on an outparcel of the Muscatine Mall, the car wash boasts a 150-foot express tunnel, two pay lanes and 10 self-serve canister vacuums with 18 hoses.
Asking Price
$4,500,000
Cash flow
$120,000
Revenue
$1,440,000
Down
Call/Email
Posting: 287085 | Available | 6/13/24
For sale is a business and real estate consisting of an unbranded gas station with auto service and a small C-Store, along with a full tunnel carwash including two detailing bays. The gas station sells approximately 30,000 gallons per month, the market and auto service generate around $50,000/month.
Asking Price
$1,890,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286914 | Available | 7/20/24
The facility is located at a major intersection on a corner lot, with over 82,000 vehicles per day. It is one of the highest-trafficked corners in the South Bay. There are no other gas stations or express car washes on this corner. The area is densely populated.
Asking Price
$4,990,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286916 | Available | 7/20/24
For sale is a Pomona hand car wash, a full-service 100% hand car wash. It is at a great location, situated less than 1/2 mile from a major off-ramp of the 10 freeway. This is the favorite place for car lovers to wash their vehicles.
Asking Price
$749,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286950 | Available | 7/20/24
Newport Beach Car Wash & Auto Detail Center is the largest car wash building in the area, spanning over 20,000 square feet. The new buyer has multiple options to expand the car wash facility.
Asking Price
Call/Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286978 | In Escrow | 7/20/24
For sale is Sunnymead Car Wash located in Moreno Valley, CA. It is currently closed and the property is to be sold as-is, where-is condition with all known and unknown faults and defects.
Asking Price
$2,000,000
Cash flow
Call/Email
Revenue
$225,000
Down
$700,000
Posting: 282025 | Available | 8/7/23
Self-Serve Car Wash in Sacramento suburb with five bays, in-bay automatic, and multiple vacuum stations. This five-bay carwash with an in-bay automatic car wash gives a business operator the ability to provide customers the convenience of a quick, quality wash.
Asking Price
$700,000
Cash flow
Call/Email
Revenue
$800,000
Down
$900,000
Posting: 280759 | Available | 9/26/23
This is a long-established car washing business in the Northern part of Los Angeles County. It has long lease terms and the owners are retiring. This is good potential for experienced operators. Please come to the office for additional information. The location will not be provided over the phone.
Asking Price
$900,000
Cash flow
Call/Email
Revenue
$2,000,000
Down
$4,000,000
Posting: 282431 | Available | 8/25/23
For sale is a branded, high-volume gas station with Dw tanks on a prime property. They do 160k gallons/month at 70c. The store makes $120k/month and the car wash makes $30k/month. The annual GP is $2 million. The buyer must be able to show proof of 4M down and have great credit/experience.
Asking Price
$11,000,000
Cash flow
$120,000
Revenue
$1,440,000
Down
Call/Email
Posting: 287085 | Available | 6/13/24
For sale is a business and real estate consisting of an unbranded gas station with auto service and a small C-Store, along with a full tunnel carwash including two detailing bays. The gas station sells approximately 30,000 gallons per month, the market and auto service generate around $50,000/month.
Asking Price
$1,890,000
Bldg Size
Call / Email
Typical Floor Size
Call / Email
Year Built
Call / Email
Posting: 286971 | Available | 6/5/24
Available for sale is the opportunity to acquire an express car wash located in Calabasas, California. Situated with visibilty and direct access to the 101 freeway, this car wash has exposure to over 176,000 vehicles per day. Real estate is leasehold. Inquire for terms.
Asking Price
$1,500,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 244345 | Available | 12/26/23
For sale is a full-service car wash on the west side in a prime area. It has a very high traffic count. It is on a 32K sq ft. lot and does smog, oil & lube. It is a busy signalized corner location with an extra long tunnel. Major real estate play is for possible redevelopment.
Asking Price
$2,595,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 278422 | Available | 1/30/24
This Chevron Extra Mile station is located on a heavy-traveled Hwy 20 connecting Hwy 5 to Hwy 101. The station is very busy with local and traveling customers. Tanks are double wall, and all pumps, etc. are up to current regulations. The station has a nice car wash that has high volume.
Asking Price
$5,700,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$30
Posting: 263475 | Available | 4/12/22
Major brand High Volume gas station business with real estate for sale. Store size 4,000 sq. ft., big Express car wash tunnel, 14 Vacuum cleaners, outside 8 mpd's. Call for more details! Please sign nda & provide proof of funds.
Asking Price
$12,750,000
Bldg Size
Call / Email
Typical Floor Size
Call / Email
Year Built
Call / Email
Posting: 287383 | Available | 7/1/24
Newly opened Express car wash, hand wash and self-serve. Express wash with 40 feet tunnel. Brand new equipment.
Asking Price
$1,900,000
Cash flow
$840,000
Revenue
$1,440,000
Down
$4,500,000
Posting: 286556 | Available | 5/14/24
An absentee-run express carwash with property is for sale. It is situated amidst Interstate freeways 10, 210, and 605, as well as State Route 57, enjoying heavy traffic and an excellent location. The lot size is 24,000 square feet with a building size of 2400 square feet.
Asking Price
$8,700,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$1,000,000
Posting: 285286 | Available | 5/16/24
This state-of-the-art express car wash and car care center was recently converted to an express car wash and opened up about Early 2022. The sellers spent over $1.1 million on the conversion, adding state-of-the-art equipment including 18 vacuums.
Asking Price
$3,399,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 275650 | Available | 12/26/23
For sale is an established express wash, very well known to the neighborhood on a 40,000+ sqft lot. It has a long 130 ft. tunnel with 16 extra wide vacuum bays. There are two pay stations. It has very high sales. Owner has another express wash for sale in Riverside that can be purchased together.
Asking Price
$10,995,000
Cash flow
$135,000
Revenue
$200,000
Down
Call/Email
Posting: 285880 | Available | 5/29/24
Absentee-run, eight-bay, self-service carwash with land nets $135K. Good books qualify it for SBA financing. Motivated seller—just make an offer! The property, more than half an acre of prime land, is adjacent to a shopping center. All equipment and the building are upgraded.
Asking Price
$1,999,000
Cash flow
$750,000
Revenue
$1,350,000
Down
$30
Posting: 247765 | Available | 10/22/20
This store sales express car wash with property. This express car wash is running by 100% employee. Please, call/email qualified customer only.
Asking Price
$8,250,000
Cash flow
Call/Email
Revenue
$1,000,000
Down
$900,000
Posting: 282764 | Available | 6/25/24
This is a full-service hand car washing and detailing business at a major street location with big property and a long-term lease. There is lots of potential for an experienced operator. The owners want to retire. The location will not be provided over the phone or email.
Asking Price
$1,800,000
Cash flow
$500,000
Revenue
$1,100,000
Down
Call/Email
Posting: 287587 | Available | 7/17/24
For sale is a major express carwash, including the land it occupies. Built on a prime lot, this facility features top-of-the-line equipment and generates an adjusted net income of $500,000 per year with gross revenues of $1.1 million. It boasts the longest tunnel in the area.
Asking Price
$7,999,000
Cash flow
$480,000
Revenue
Call / Email
Down
$1,000,000
Posting: 277474 | Available | 12/3/22
For sale is a free standing full-service auto detail/car wash business. The land, building, car wash tunnel, and equipment are included in the sale. It has been fully operating for 18 years under the same owner. This is a very rare opportunity to acquire a car wash with real estate at this price.
Asking Price
$3,800,000
Bldg Size
Call / Email
Typical Floor Size
Call / Email
Year Built
Call / Email
Posting: 287067 | Available | 6/12/24
Available for sale is the opportunity to acquire an express car wash with multiple profit centers in the greater Richmond, Virginia area. The business has over 15 years of proven success and is located along multiple major thoroughfares. The associated real is estate is included in the sale.
Asking Price
$2,150,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 280515 | Available | 6/3/24
For sale is a brand new state of the art express car wash with real estate located in Riverside County, California. It has an extra long 160 ft tunnel and 30+ vacuums. It's located on a very busy street.
Asking Price
$11,795,000
Cash flow
Call / Email
Revenue
$229,000
Down
$25
Posting: 266783 | Available | 5/6/22
Exclusive listing for coin car wash including its property. Seller has not been working there for last 12 years because he has lived 80 miles away from the subject car wash. He just invested in it. 1031 Exchange is possible.
Asking Price
$1,850,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284208 | Available | 12/7/23
This is a prime location to operate an auto detailing business. The site is a brand-new gas station with an automatic carwash. They have a built-in database of existing clients to build your business. Ample space is available and it is a busy area with heavy traffic.
Asking Price
Call/Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285134 | Available | 2/22/24
For sale is a Chevron gas station with a convenience store located in a high-traffic location in Modesto, California. Fuel sales - 110,000/GPM with high margins. Convenience store sales- $120,000/month
Asking Price
$7,500,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287037 | Available | 6/10/24
This huge flex service car wash in a highly desirable location. It has a traffic account of 39K (2019). It is in a large lot, almost one acre, with a very long tunnel at a dense residential and commercial area. It can be converted to a full express wash. There is a nice looking C-store.
Asking Price
$6,195,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287055 | Available | 6/11/24
For sale is a brand new, state of the art express wash with land. There are 20+ vacuums and a very long tunnel. There is a private office and bathroom. It is within close proximity to multiple freeways with high traffic counts.
Asking Price
$10,795,000
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
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
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
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
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
One avenue that has consistently shown promise and potential for budding entrepreneurs is the world of franchise businesses. Buying a franchise business offers individuals an opportunity to step into a proven business model, benefiting from an established brand, operational framework, and support.
One of the most popular business searches (and eventual business purchase) on BizBen is the self serve and full service car wash. Peter Siegel, MBA (ProBuy & ProSell Programs Director) with BizBen.com reflects on three types of car wash models and what buyers should look for in a car wash purchase.
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.
To start a business or try something new, starting a franchise business is a great option. In this blog, we'll break down everything you need to know about buying a franchise in simple, easy-to-understand terms. This guide is for business owners, whether experienced or new.
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.
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.
First impressions are critical when selling a business - ask any potential business buyer. Peter Siegel, Founder Of BizBen explains why all potential small business sellers need to make sure that first impression is a good one.
Some entrepreneurs believe it's better to start a business from scratch rather than buy an existing enterprise. While this may be good advice in some cases, usually it's not the best strategy. Here are five tips to help a buyer make the right decision from Peter Siegel, MBA On BizBen.
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 my experience working with the "right banks and financial institutions" repayment ability sometimes overrules collateral pledged by someone needing financing for a business purchase or a down payment. Peter Siegel, MBA - BizBen's ProBuy, ProSell Lead Facilitator explores this important topic.
Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.
Most business acquisition financing strategies involve borrowing money to meet the purchase price. But an entirely different approach, equity sharing, is sometimes pursued if borrowed money is not wanted, or is not available to complete the purchase. Peter Siegel, MBA - BizBen.com covers this topic.
Buying a small to mid-sized business can be a confusing and/or frustrating process for many buyers. Statistics show that over 80% of all buyers never end up buying a business. The ProBuy Program assists potential buyers with the process of finding, evaluating & buying a small to mid-sized business.
Peter Siegel, MBA discusses buyers who want to buy a business or franchise know about asking the seller to provide part of the financing with a carry-back note. Many business buyers need some cash to help fund the down payment and for working capital. Here are four ideas about how to get that money.
With the multitude of factors that come into play when deciding the appropriate time to inform your employees that your business is for sale, I do not offer a standard or general answer. When sellers consult me as to my opinion on when it is the right time, I like to review the major issues that...
What are actual adjusted net earnings (cash flow) of a small business being purchased with business acquisition SBA Loan financing? That's an important amount that lenders need to know. Peter Siegel, MBA (BizBen.com, SBALoanAdvisors.com Founder) reviews this important concept with BizBen Blog users.
Selling a business is hard enough but using the wrong word, text, and strategy can really delay or outright kill a campaign to sell a small business successfully. Peter Siegel, MBA Founder of BizBen.com shares what words, phrases, and strategies work (and not) when selling a small business online.
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.
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!
Many times when buying a business there are reasons why buying stock or buying assets is the better business decision. We explore these options on the BizBen Blog Post of which option may be better depending on the circumstances of the buyer (and seller) involved in the transaction taking place.
Many business owners fail to maximize their business' value because they don't have a proper strategy in place to do so. Failure to maximize your businesses value will make it harder to attract the most qualified buyers. Have a plan that ensures your business is as attractive & valuable as possible.
A business buyer in our ProBuy Program searching to buy a business asked me to sum up what I though the biggest mistakes business buyers make when they search for and bought a small business. I asked ProIntermediaries on BizBen their thoughts on the matter and received a diverse response.
It is not uncommon for business Owner/Sellers to get uncomfortable when a potential Buyer requires a SBA loan to purchase the Seller's business. Often times Owner/Sellers will say "the Buyer is the one getting the loan; why am I the one under the microscope?" This blog post addresses this topic.
Depending on the type of business being sold, a month-to-month situation can be severely detrimental to the value of the business. Peter Siegel, MBA Founder of BizBen (and Lead Facilitator at BizBen) explores the issue of month to month leases in this blog/article.
Throughout the recession, it was very difficult to get approved for business purchase financing. If you are considering incorporating some alternative funding sources in your next small business acquisition, here is what you need to know to protect yourself and your investment.
How much money should you expect to make when buying an automatic car wash? Peter Siegel, MBA (BizBen ProBuy Program Director and Business Purchase Financing Expert) explains with other brokers, intermediaries, and advisors info on this topic.
This is a hard question to answer specifically without any knowledge of the business. What kind of car wash it is (auto, self-serve, or full service)?, How many bays does the car wash have? Is there any other streams of revenue? We discuss this topic regarding car washes on this BizBen Discussion.
Before purchasing a car wash (quick serve or full serve) you must understand that the industry as a whole will provide you with plenty of competition. More importantly, depending on what your interests are, you will identify what type of car wash you want. We discuss this all in this Discussion.
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.
