Cash flow
$80,000
Revenue
$286,184
Down
$135,000
Posting: 273276 | Available | 2/16/24
This specialty maintenance firm has provided post-construction cleaning services to general contractors (60%-70% of the business), architects, and upscale homeowners in the greater Los Angeles area for over 12 years. The majority of the company's business is now recurring and referral based.
Asking Price
$135,000
Cash flow
$91,624
Revenue
$161,933
Down
Call/Email
Posting: 283581 | Available | 1/22/24
For sale is this home-based cleaning business that's ready for its next owner. With an impressive 14-year track record, this cleaning business has built a stellar reputation in San Diego. Trust and credibility are already established, setting you up for success from day one.
Asking Price
$170,000
Cash flow
$463,026
Revenue
$2,567,611
Down
Call/Email
Posting: 284356 | In Contract | 1/22/24
Available for sale is this well-established and profitable Master Franchise business in the commercial cleaning industry that links commercial facilities with janitorial service providers.
Asking Price
$1,800,000
Cash flow
$128,000
Revenue
$510,000
Down
Cash/50,000 SBA
Posting: 284558 | Available | 1/8/24
This long established Merry Maids has proven over time to be a dependable and highly profitable business. After 37 years with Merry Maids, the owner feels strongly that new, ambitious ownership can result in increased sales and profits. You will have a proven success formula to follow!
Asking Price
$349,000
Cash flow
$300,000
Revenue
$1,150,000
Down
$200,000
Posting: 283947 | Available | 1/4/24
Tired of average dry cleaning? Upgrade to excellence with this dry cleaners! They offer premium dry cleaning services tailored to keep your garments looking and feeling brand new. They are serving Quartz Hill, Palmdale, Lancaster, and Edwards Air Force Base.
Asking Price
$849,000
Cash flow
$330,000
Revenue
$1,393,301
Down
Call/Email
Posting: 284396 | Available | 12/21/23
For sale in the greater Palm Springs area is a highly reputable and first class cleaning company that specializes in serving high-end luxury properties and VIP clients.
Asking Price
$1,200,000
Cash flow
$195,685
Revenue
$381,460
Down
Call / Email
Posting: 279924 | Available | 3/29/23
This Professional Window Cleaning Business, in upscale North Jersey Counties, is available for sale so the seller can retire. The business focuses on commercial buildings and also about 40% on residential business.
Asking Price
$475,000
Cash flow
$112,905
Revenue
$298,000
Down
Call / Email
Posting: 264921 | Available | 12/21/22
Boylan Brother's Window Cleaning is an established business of over 41 years serving the Coachella Valley. They offer professional services for both commercial and residential properties. Let them take a look at your property, no job is too large or small for them.
Asking Price
$295,000
Cash flow
$100,000
Revenue
$175,000
Down
Call / Email
Posting: 276415 | Available | 9/21/22
This unique opportunity includes the 50-year-old brand trademarks, custom molds, and client lists. The net income/cash flow number provided in the teaser is calculated for the year ending 2021 and adjusted for Non-GAAP accounting practices. The company is currently managed by the owner.
Asking Price
$495,000
Cash flow
$110,180
Revenue
$181,182
Down
$225,000
Posting: 285048 | Available | 4/15/24
For sale is an office cleaning service across the San Francisco Bay Area Peninsula. Offerings encompass comprehensive office dusting and cleaning, meticulous bathroom maintenance, advanced floor treatment and cleaning, along with thorough carpet cleaning solutions.
Asking Price
$225,000
Cash flow
$90,542
Revenue
$109,946
Down
$149,000
Posting: 285645 | Available | 4/16/24
Ready to step into a lucrative business opportunity that's already established and thriving? Look no further than this professional cleaning business, meticulously built with a solid foundation of both residential and commercial accounts. The beauty of this opportunity lies in it's scalability.
Asking Price
$149,000
Cash flow
$851,672
Revenue
$3,430,536
Down
Call/Email
Posting: 284146 | Available | 4/19/24
With a successful track record for over 25 years, this business has provided janitorial and cleaning services to over 150 recurring clients throughout San Diego County. Consistently generates over $3million in recurring revenue year over year with impressive profit margins between 26-27%.
Asking Price
$3,500,000
Cash flow
$69,751
Revenue
$114,905
Down
$150,000
Posting: 280975 | Available | 3/25/24
This family business started in 1985, provides residential, commercial, and window cleaning in the area of Santa Clarita, Porter Ranch, San Fernando, and beyond. Their works cover from basic vacuuming and dusting to full range deep cleaning, tenant move-out cleaning, and building exterior wash.
Asking Price
$150,000
Cash flow
$135,000
Revenue
$787,000
Down
$235,000
Posting: 280013 | Available | 3/29/24
Introducing a renowned house cleaning franchise situated in West Valley, an affluent neighborhood. With an average charge of $130 per house, this well-established business utilizes a team of two employees for each cleaning job. Recently, the seller renewed a 10-year franchise agreement.
Asking Price
$235,000
Cash flow
$135,000
Revenue
$400,000
Down
$675,000
Posting: 281892 | Available | 4/11/24
This California-based commercial cleaning company is a California Sole Proprietorship and was formed 12 years ago and has been under the same ownership since inception. They have a great recurring revenue model that has a high retention rate. They provide a full range of services for all clients.
Asking Price
$675,000
Cash flow
$128,000
Revenue
$510,000
Down
Cash/50,000 SBA
Posting: 284558 | Available | 1/8/24
This long established Merry Maids has proven over time to be a dependable and highly profitable business. After 37 years with Merry Maids, the owner feels strongly that new, ambitious ownership can result in increased sales and profits. You will have a proven success formula to follow!
Asking Price
$349,000
Cash flow
$463,026
Revenue
$2,567,611
Down
Call/Email
Posting: 284356 | In Contract | 1/22/24
Available for sale is this well-established and profitable Master Franchise business in the commercial cleaning industry that links commercial facilities with janitorial service providers.
Asking Price
$1,800,000
Cash flow
$60,000
Revenue
$200,000
Down
Call / Email
Posting: 284749 | Available | 4/19/24
The owner is retiring and is selling her family-owned window cleaning company with two employees and two trucks. They have an updated data base of over 6,700 clients with approximately 70% residential and 30% commercial clients. They are mostly repeat clients. It is home based.
Asking Price
$99,900
Cash flow
$174,283
Revenue
$890,315
Down
Call/Email
Posting: 285282 | Available | 4/16/24
This acquisition opportunity is for a 5-star rated, independent home cleaning business. The company offers cleaning service to the interior residences, including homes and apartments. They currently serve Pleasanton, Dublin, Livermore, San Ramon and Danville.
Asking Price
$245,000
Cash flow
$300,000
Revenue
$1,150,000
Down
$200,000
Posting: 283947 | Available | 1/4/24
Tired of average dry cleaning? Upgrade to excellence with this dry cleaners! They offer premium dry cleaning services tailored to keep your garments looking and feeling brand new. They are serving Quartz Hill, Palmdale, Lancaster, and Edwards Air Force Base.
Asking Price
$849,000
Cash flow
$91,624
Revenue
$161,933
Down
Call/Email
Posting: 283581 | Available | 1/22/24
For sale is this home-based cleaning business that's ready for its next owner. With an impressive 14-year track record, this cleaning business has built a stellar reputation in San Diego. Trust and credibility are already established, setting you up for success from day one.
Asking Price
$170,000
Cash flow
$389,127
Revenue
$4,198,304
Down
Call/Email
Posting: 285655 | Available | 3/14/24
Established in 2000, this Bay Area janitorial business boasts a 4.5-star rating. Its unique model uses third-party contractors for efficiency, maintaining green certification and competitive pricing. Strong client and vendor relationships make it ripe for growth.
Asking Price
$950,000
Cash flow
$389,127
Revenue
$4,198,304
Down
$950,000
Posting: 285671 | Available | 3/15/24
Established in 2000, this Bay Area janitorial business has a unique business model that has resulted in strong financial success and a clear path to growth. With a 4.5-star rating, the company leverages third-party contractors for efficiency and flexibility. It has earned Green certification.
Asking Price
$950,000
Cash flow
$99,094
Revenue
$526,222
Down
Cash Or 25%
Posting: 285809 | Available | 3/23/24
This long established Merry Maid Franchise provides dependable average income, and has great potential to grow. Join a winning team with a success formula to follow. No experience necessary.
Asking Price
$279,000
Cash flow
$163,365
Revenue
$280,626
Down
Call/Email
Posting: 285951 | Available | 4/2/24
SBA pre-approved for this profitable, owner-operated carpet cleaning franchise. A perfect opportunity for someone looking to go into business for themself. With targeted SEO, this business constantly has a full schedule. Three different territories are owned by this seller.
Asking Price
$250,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284403 | Available | 4/2/24
Exciting chance to take control of your own waste bin cleaning and sanitizing service business in the beautiful Monterey Peninsula. This growing service trend is gaining popularity nationwide, and the Monterey Peninsula is ready for it. This is a turn-key startup opportunity.
Asking Price
$249,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284106 | Available | 4/15/24
This is a well-established business located in a busy shopping complex and has been open for 30 years, full-service dry-cleaning and professional alternation. They have an excellent alteration business. The seller claims gross income for 2023 will be close to $300,000.
Asking Price
$200,000
Cash flow
$195,685
Revenue
$381,460
Down
Call / Email
Posting: 279924 | Available | 3/29/23
This Professional Window Cleaning Business, in upscale North Jersey Counties, is available for sale so the seller can retire. The business focuses on commercial buildings and also about 40% on residential business.
Asking Price
$475,000
Cash flow
$110,000
Revenue
$1,100,000
Down
$299,000
Posting: 280762 | Available | 4/12/24
This Northern California-based Maid Services Franchise is a California C-Corporation that has been in business for the past 8 years under the same current ownership. They are one of the strongest brand franchises in this market category and offer a variety of services.
Asking Price
$299,000
Cash flow
$182,349
Revenue
$674,326
Down
$475,000
Posting: 282651 | Available | 3/26/24
This company specializes in commercial high-rise window washing services and operates in East Bay and San Francisco. They are committed to fair labor practices and pay their staff union wages and benefits when working on union buildings. This business is operated from a home-based location.
Asking Price
$475,000
Cash flow
$200,000
Revenue
$1,048,578
Down
Call/Email
Posting: 275913 | Available | 4/9/24
For sale is a profitable marble, stone & tile cleaning, polishing & restoration company. This owner has a contractor's license. Other companies doing the same service operate without one. The square footage is 400. Rent is negotiable. It was established in 2013.
Asking Price
$249,000
Cash flow
$132,294
Revenue
$1,017,743
Down
Call/Email
Posting: 284800 | Available | 4/16/24
Seller Negotiable- Priced reduced from a motivated seller! Molly Maid is a residential cleaning franchise with 400+ worldwide locations. This particular franchisee opened over 24 years ago and operates two large territories, in Southern California. The business generate $1m+ in revenues.
Asking Price
$399,000
Cash flow
$330,000
Revenue
$1,393,301
Down
Call/Email
Posting: 284396 | Available | 12/21/23
For sale in the greater Palm Springs area is a highly reputable and first class cleaning company that specializes in serving high-end luxury properties and VIP clients.
Asking Price
$1,200,000
Cash flow
$80,000
Revenue
$286,184
Down
$135,000
Posting: 273276 | Available | 2/16/24
This specialty maintenance firm has provided post-construction cleaning services to general contractors (60%-70% of the business), architects, and upscale homeowners in the greater Los Angeles area for over 12 years. The majority of the company's business is now recurring and referral based.
Asking Price
$135,000
Cash flow
$112,905
Revenue
$298,000
Down
Call / Email
Posting: 264921 | Available | 12/21/22
Boylan Brother's Window Cleaning is an established business of over 41 years serving the Coachella Valley. They offer professional services for both commercial and residential properties. Let them take a look at your property, no job is too large or small for them.
Asking Price
$295,000
Cash flow
$14,511
Revenue
$98,230
Down
Call/Email
Posting: 283016 | Available | 4/12/24
This well-established business is located in the greater Sacramento Region. They offer multiple services to their clients: carpet cleaning, area rug cleaning, tile, ceramic, stone, shower enclosures, counter tops, hardwood floors, dry cleaning cement, as well upholstery. Cash Flow $14.5K Gross $98K
Asking Price
$65,000
Cash flow
$100,000
Revenue
$175,000
Down
Call / Email
Posting: 276415 | Available | 9/21/22
This unique opportunity includes the 50-year-old brand trademarks, custom molds, and client lists. The net income/cash flow number provided in the teaser is calculated for the year ending 2021 and adjusted for Non-GAAP accounting practices. The company is currently managed by the owner.
Asking Price
$495,000
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
For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
ServingNationwide - All Areas
I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
ServingNationwide - All Areas
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
I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
ServingNationwide
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
If you are open to exploring the franchise opportunities available the commercial cleaning industry is an area you should consider. Commercial cleaning franchises are quickly becoming a popular choice among business buyers and here are my 6 reasons why you should consider buying one.
Buyers interested in buying a janitorial cleaning business will find companies in this industry for sale that are quite profitable. Careful due diligence, including the six factors covered in this blog post, is advised before completing a deal. Peter Siegel, MBA with BizBen explores this industry.
In my opinion and experience, an LOI may very well be appropriate for lower middle market transactions of $5,000,000 or more; but, for deals less than that an Asset Purchase Agreement ("APA") with contingencies on the actions of the buyer (and seller) is much more efficient and effective.
This webinar is designed for business buyers, owner/sellers, business brokers, agents, and advisors who can benefit on the latest information and strategies on procuring large SBA loans to buy or sale a "large" small business - typically priced between $500K to $10M. Peter Siegel, MBA is the host.
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.
80% of all California business buyers never end up buying a business! Many factors contribute to this statistic, but by following the points below and utilizing the ProBuy Method of buying a business you should be successful in locating a business that interests you and completing the transaction!
Demonstrating sufficient cash flow to cover a business acquisition loan is key to getting a lender's approval. But buyer must be knowledgeable. Support a business acquisition loan with the target company's cash flow. And know how to determine the actual cash flow amount. Peter Siegel, MBA explains.
When seeking large SBA business acquisition financing loans, it helps to review seller's add backs (cash flow analysis) as a source of funding to service the debt. Peter Siegel, MBA - SBALoanAdvisors.com Founder covers this specific topic for business buyers, owner/sellers, agents, business brokers.
In this month's Business Buyer survey for BizBen.com, we asked participants in our ProBuy Program and 250 other random business buyers what they look for and avoid when looking at a business for sale postings online. Of the 20 potential posting characteristics we asked about, 8 stood out.
What is your goal in 5 years? Do you want to become a business owner? Buying a business can be an exciting, safe opportunity to gain financial freedom. But how to buy the right business? This article will walk you through the process of buying a business.
First the dreaded statistic: 80% of all business buyers looking to buy a small business never end up doing so! Peter Siegel, MBA BizBen.com Founder & ProBuy Director) covers successful tactics & strategies all business buyers of small to mid-sized businesses should utilize now to buy a business.
SBA large loan expert and advisor Peter Siegel, MBA (BizBen.com & SBALoanAdvisors.com Founder) shares his views and experience for getting the right SBA loan for larger deals, getting deals professionally prequalified & analyzed, and getting that loan through underwriting with fewer complications!
There are many myths associated with the process of selling a small business and some of them can actually cause deals to fall through. Don't let your sale be compromised, be aware of these common misconceptions related to the process of selling. Peter Siegel, MBA with BizBen explores this topic.
Only 30% of all small businesses for sale that are put on the market overall are sold! A surprising statistic to most business owners, agents, and brokers trying to sell a small business! If however you follow the strategies (BizBen Protocol Method) in this blog post you should see success!
As an Advisor On BizBen I talk to many California business owners, business buyers, brokers, and agents on a daily basis about valuing California small to mid-sized businesses. Many key factors go into this analysis including market demand, history of earnings, and even how the deal is structured.
One of the most difficult challenges when purchasing a small business is expressed by this prospective buyer of a liquor store who is told by the seller that there is more money being made than shows up on the books. Should the buyer accept that statement by the seller & go ahead with the purchase?
Buyers search for an absentee business, wanting to collect profits generated by a successful enterprise without having to stand at the sales counter or cash register, without having to cook, operate equipment or talk to customers. Peter Siegel, MBA offers his intake on absentee run businesses.
Being an Entrepreneur has its perks, it can also be challenging. You need to make sure you're ready for the challenge. Here's a list of 10 important questions to get you started when buying a business. Peter Siegel, MBA (BizBen Founder) reviews this topic for business buyers of small businesses.
The unfortunate truth is that approximately 50% of all small business sales transactions fall through. While failed transactions can happen for a variety of reasons, Peter Siegel, MBA (BizBen Founder & Lead Advisor) discusses the most common reason deals fall through; unrealistic asking prices.
The use of add backs & sellers discretionary cash is common among sellers of businesses when showing their financial information & explaining that the buyer will actually enjoy more profit than is shown. But buyers are cautioned to review documents closely. Peter Siegel, MBA with BizBen explains.
Owners should keep the fact that they want to sell their small business confidential. Before releasing information to prospective buyers, buyers should commit to confidentiality in writing & should understand why it is important. Peter Siegel, MBA a ProBuy and ProSell Advisor with BizBen explains.
You've found your dream business. You've called/emailed/texted the broker or owner; you've tried to reach out again via phone/email/text. However you're not getting a response and it's getting frustrating. How to get brokers/owners to return your calls/emails/texts - what key strategies to utilize.
Using an earn out can benefit both buyer & seller of a business purchase. A recent question by a buyer in the BizBen ProBuy Program about the best way to structure a business earn out prompted me to ask a panel of BizBen Resources how they would deal with the buyers question on earn out structures.
The latest BizBen.com survey of Business Brokers and Agents outlined what it takes to be a top ten percent performer in the business brokerage industry. From good communication to utilizing your resources, these traits are something to take note of and put into practice to be successful.
You have a strong entrepreneurial spirit. You know you want to be a small business owner. Now what? Do you buy an existing business or start one from scratch? An existing business can save a lot of time and effort. I will share with you some of the advantages of buying an existing business.
Showing your business when selling is one of the most important steps in the sale process & how it is done will greatly affect the selling price. There are two areas to be concerned with, how the business looks & how you react to the prospective buyer.
Should business opportunity offering include the real estate? There are no right or wrong answers to the question about whether the seller of a business should include the real property, or sell the company only and continue on as the landlord/lady. Peter Siegel With BizBen.com explores this issue.
Often business buyers actions cause a deal to tank but they never know why. Peter Siegel with the BizBen ProBuy Program discusses what mistakes business buyers make in the search process to buy a business with some of the best business brokers and recent sellers on BizBen about this topic.
For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
In our BizBen.com June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future.
Sometimes business brokers just can't win with their clients, because if an offer comes in too fast & too early then they must have lowballed the price & the seller is suspicious, and if not enough offers come in after putting the business on the market - they may look unproductive to their clients.
As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.
When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA a business purchase financing expert delves into the myths regarding SBA financing and business purchase financing.
We're hearing more and more about "crowd funding" through sites like gofundme and kickstarter as a possible way to raise the cash needed to buy a small business. This method of collecting funds has proven successful in other kinds of situations. Could this strategy work when buying a small business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Peter Siegel, MBA (BizBen ProBuy Program) and others explain a few of the ways that a buyer can beat out other buyers.
When purchasing a small to mid-szied business, there are a multitude of things to evaluate. One area that is often overlooked is the business's culture. Peter Siegel, MBA with BizBen discusses with potential buyers the importance of understanding how the business runs on a day-to-day basis.
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.
It's important to remember that selling a business takes time. Unlike selling a house, which can be sold relatively fast, a business can take up to six months to a year to sell. I discuss this topic with other advisors and intermediaries on this BizBen Discussion.
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion are aspects of a business that really drives its value and pricing. A business owner asked me this question today so I wanted to get others view points as well in this Discussion.
It can take months, sometimes longer to sell a small business. Here are 6 questions plus other information from myself plus other BizBen Users to ask yourself to help you determine why your small to mid-sized California business isn't selling. You might be surprised what those reasons are!
Should I Sell My Business During The Holidays Or Wait Till After The New Year? Business Broker Joe Ranieri and others chime in on this BizBen Discussion about selling a business during the Holiday Season.
Applying for a business acquisition loan can be challenging for someone who hasn't been through that process in the past. If one has a mortgage one knows that the value of the property being pledged has to at least equal the amount of the loan, SBA loans to buy a small business are very different.
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Peter Siegel (BizBen ProBuy Program) discusses this topic with others.
At What Point Do You Show Key Marketing Info And Materials To Buyers? Robb Hartman, Business Broker at BizBen discusses this topic with others on this BizBen Discussion.
Business buyers many times ask in my ProBuy consulting sessions - how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic.
The owner selling the business doesn't have recent financial information or documentation but insists revenues are increasing. Should buyers believe the seller? What should buyers do in this situation? ProIntermediaries on BizBen answer the question of verifying seller / owner's financial claims.
When considering buying a business that is losing money one has to be very careful. There are reasons that the business could be losing money that aren't fatal or extremely difficult to fix and there are other reasons that should send you running in the other direction. Peter Siegel, MBA explains.
Asking the seller straightforward questions and getting straightforward answers in return is an important part of the buying and due diligence process. In this Discussion, both ProIntermediaries and Advisors offer thorough questions you should be asking during your meeting with a business seller.
Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic.
