Cash flow
$196,800
Revenue
$480,000
Down
$520,000
Posting: 286461 | Available | 7/25/24
GB Laundry Brokers is currently offering a spacious laundromat spanning 4,063 sq ft in Sacramento CA. The laundromat is on a very busy street with ample parking, and a loyal customer base. This location has a lot of potential for growth with the right operator.
Asking Price
$1,300,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286620 | Available | 7/25/24
This laundromat property is available for purchase and re-tooling. This once well-run and profitable laundromat has fallen due to neglect and an eventual closure. This opportunity is now available for acquisition and renovation.
Asking Price
$697,000
Cash flow
N/A
Revenue
N/A
Down
$100,000
Posting: 287275 | Available | 7/24/24
This laundromat has a great history of revenue, loyal customers, and machines in great working condition. This is an awesome opportunity for owner-operators who bring their own attendants. It has a motivated seller that needs to move out of the town in the next few months. Huge store - 3666 sqft
Asking Price
$100,000
Cash flow
$210,000
Revenue
$504,000
Down
$350,000
Posting: 286822 | Available | 7/25/24
This well-established, high-net-income laundry is located in a densely populated Hispanic area. It is a large facility that operates with a card system. Management is very easy and straightforward. The equipment runs on a reputable brand's card system, making money collection simple.
Asking Price
$969,000
Cash flow
$96,000
Revenue
$180,000
Down
$500,000
Posting: 286974 | Available | 7/25/24
For sale is a high-producing laundromat in Modesto, CA located in a busy shopping center for business only. This location is producing $180,000+ in gross annual revenue netting $96,000 annually but has more potential. There are many years left on the lease and landlord is willing to extend.
Asking Price
$575,000
Cash flow
Call/Email
Revenue
$125,000
Down
$250,000
Posting: 287697 | Available | 7/24/24
My wife and I purchased Scottsdale Laundry in 2020. We completely remodeled the whole store from top to bottom. All new Dexter washers and dryers, Dexter live and Dexter pay, Standard change machine, eight column soap dispenser, new boiler system, and Lorex camera system.
Asking Price
$475,000
Cash flow
$252,000
Revenue
$600,000
Down
$420,000
Posting: 287691 | Available | 7/24/24
For sale is a well-established coin laundry with gross sales of $50,000 and a net income of $21,000 per month. The business is 100% absentee-run, and SBA financing is possible.
Asking Price
$1,400,000
Cash flow
$363,336
Revenue
$690,000
Down
Call/Email
Posting: 285077 | Available | 7/22/24
This is a rare chance to buy a coin laundromat business with the property! It is a free-standing corner location with great visibility, serving a dense residential zone. They have kind staff and loyal customers in place. It has everything needed to please the customers.
Asking Price
$295,000,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287608 | Available | 7/18/24
A thriving dry cleaning business for sale in a great Riverside location specializing in wedding gowns, linens, bedspreads, as well as offering laundry service and alterations.
Asking Price
$450,000
Cash flow
$100,000
Revenue
$250,000
Down
$140,000
Posting: 287607 | Available | 7/18/24
A thriving dry cleaning business for sale in a great Moreno Valley location specializing in wedding gowns, linens, and bedspreads, as well as offering laundry service and alterations.
Asking Price
$140,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287588 | Available | 7/17/24
This is a promising business located in a plaza with high foot traffic. The current owner, due to another business, has not been able to manage the store effectively. However, with a new owner who can dedicate more attention to the business, increased revenue can be expected.
Asking Price
$135,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286715 | Available | 7/15/24
Approx. $30,000. downpayment to a qualified buyer. Laundromat for sale in Citrus Heights, featuring new Dexter machines installed in late 2022 with new instant water heaters. Equipment $257,708.01. The property includes a long-term lease of 10 years with a 5-year option to renew.
Asking Price
$269,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$150,000
Posting: 284611 | Available | 7/9/24
For sale is a long-established laundromat with a loyal customer base. It is approximately 2,200 sq ft. at a fantastic location with endless profit possibilities. Demographics make this a winning investment.
Asking Price
$150,000
Cash flow
Call/Email
Revenue
$60,000
Down
Call/Email
Posting: 287441 | In Escrow | 7/6/24
This is a fantastic opportunity to take-over this well-established & well-maintained laundromat! There is a great break area in the back where an owner can possibly live. This store requires minimal involvement in it's operations. The store is beautiful; come see for yourself!
Asking Price
$80,000
Cash flow
$90,000
Revenue
Call/Email
Down
All Cash
Posting: 286616 | Available | 7/3/24
Introducing a long and well established neighbor laundry in Downey. This laundromat is located in a commercial and high density area. Medium size and clean with good net income. Very easy to run and semi absentee run. There is upside potential for hands-on buyers. Low cost water zone. Good parking.
Asking Price
$269,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287417 | In Contract | 7/2/24
Turn-key, clean laundromat located at 1213 Venice Blvd. LA, 90006, between USC and Pico Blvd., just north of the 10 freeway in the West Adams, Pico-Union area, with good street visibility. Equipment includes 8 Speed Queen washers, 18 additional washers and 28 dryers. Open daily from 6AM-10PM.
Asking Price
$120,000
Cash flow
$210,000
Revenue
Call/Email
Down
$433,000
Posting: 286628 | Available | 7/2/24
This new laundromat generates high volume and high net income, with books and records ready for review. It features state-of-the-art, brand new washers and dryers, new pipes and sewer and is very clean and neat. The business is located on a very busy corner in a high-density neighborhood in Lynwood.
Asking Price
$1,350,000
Cash flow
$168,000
Revenue
$480,000
Down
Call/Email
Posting: 284308 | Available | 7/1/24
This coin laundry is well maintained and very clean, busy and the best laundromat in town. It has an ample parking lot and an excellent and easy location. The asking price is $1,095,000.00. The seller wants a prospective buyer who has great experience in this field.
Asking Price
$1,095,000
Cash flow
$59,181
Revenue
$177,384
Down
$300,000
Posting: 287351 | Available | 6/28/24
For sale is a card-operated laundromat, currently run by an absentee owner. It is located in the highly desirable District 8 of San Francisco. The monthly estimated gross income is $14,782, and the monthly estimated cash flow is $4,931. The rent is $3,075 per month for a 1,100 square foot space.
Asking Price
$300,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$350,000
Posting: 287350 | Available | 6/28/24
A rare opportunity and available looking for the one person ready to continue running the business. With a great mixed of equipment, it's ready for all shapes and sizes of clothing.
Asking Price
$350,000
Cash flow
Call/Email
Revenue
Call/Email
Down
All Cash
Posting: 287332 | Available | 6/27/24
For sale is a clean, bright, and safe laundromat with friendly attendants and easy-to-use machines. Customers are quick to become repeat visitors with convenient payment options. It has had the current owners are ready to retire.
Asking Price
$650,000
Cash flow
$70,380
Revenue
$201,648
Down
Call/Email
Posting: 286719 | Available | 6/25/24
This Sacramento Coin Op Laundry is located in an excellent part of Sacramento with lot's of low and middle income customers. This laundry also has lots of newer state of the art Dexter Laundry equipment!
Asking Price
$325,000
Cash flow
Call/Text
Revenue
Call/Text
Down
$200,000
Posting: 287150 | Available | 6/18/24
Are you looking for a store that is completely remodeled and equipped with new equipment? Are you the type that can see potential and make the business grow and prosper from its current position? If yes, go no further. This is the store for you! The store is completely remodeled and furnished.
Asking Price
$650,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$40
Posting: 287094 | Available | 6/13/24
A laundromat in a prime North San Diego location is now available for acquisition and retooling. The project is currently slightly under 2,000 Sq. Ft., but additional space is available. A new long-term lease is also available. The market area is prime for achieving high washer turnover levels.
Asking Price
$75,000
Cash flow
$264,000
Revenue
$612,000
Down
$40
Posting: 283271 | Available | 6/10/24
This is a newly built coin laundromat that is 2 year old. This is a great location in a heavy residential and business in LA. It was totally reconstructed with all plans & new equipment. The current rev. is an average of $46,000 & is increasing fast! They have loyal staff running the business.
Asking Price
$1,800,000
Cash flow
$42,480
Revenue
$130,000
Down
Call/Email
Posting: 286633 | In Contract | 6/10/24
This El Monte location is an ideal starter operation at a reasonable price. It is very clean & well kept in a happy long time customer base in place. There is plenty of parking w/ two entrances to the lot. The unused space can be for an additional equip/vending or other services.
Asking Price
$185,000
Cash flow
Call/Email
Revenue
$182,400
Down
$25
Posting: 281139 | Available | 6/10/24
For sale is a special chance to own property in a dense residential area of LA. The business is a clean CL with staff, and is ideal because of absentee owners. New operator can add new services to boost revenue. There is a loyal customer base, and this is a great opportunity. Don't miss out!
Asking Price
$1,350,000
Cash flow
$505,236
Revenue
$1,137,852
Down
$650,000
Posting: 274510 | Available | 6/10/24
South Los Angeles Property w/free-standing CL & Retail. The area is mixed residential and biz. Reliable staff in place running All Daily Operations! Excellent books & records. Actual turn-key CL in great value for Serious Buyer!! Must see to appreciate.
Asking Price
Call/Email
Cash flow
N/A
Revenue
N/A
Down
$100,000
Posting: 287275 | Available | 7/24/24
This laundromat has a great history of revenue, loyal customers, and machines in great working condition. This is an awesome opportunity for owner-operators who bring their own attendants. It has a motivated seller that needs to move out of the town in the next few months. Huge store - 3666 sqft
Asking Price
$100,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286620 | Available | 7/25/24
This laundromat property is available for purchase and re-tooling. This once well-run and profitable laundromat has fallen due to neglect and an eventual closure. This opportunity is now available for acquisition and renovation.
Asking Price
$697,000
Cash flow
$196,800
Revenue
$480,000
Down
$520,000
Posting: 286461 | Available | 7/25/24
GB Laundry Brokers is currently offering a spacious laundromat spanning 4,063 sq ft in Sacramento CA. The laundromat is on a very busy street with ample parking, and a loyal customer base. This location has a lot of potential for growth with the right operator.
Asking Price
$1,300,000
Cash flow
$363,336
Revenue
$690,000
Down
Call/Email
Posting: 285077 | Available | 7/22/24
This is a rare chance to buy a coin laundromat business with the property! It is a free-standing corner location with great visibility, serving a dense residential zone. They have kind staff and loyal customers in place. It has everything needed to please the customers.
Asking Price
$295,000,000
Cash flow
Call / Email
Revenue
Call / Email
Down
Call / Email
Posting: 278168 | Available | 1/9/23
Very rare opportunity to purchase a new coin laundry with new equipment and property, now under construction. The expected completion will be around the end of January 2023.
Asking Price
$4,500,000
Cash flow
$59,181
Revenue
$177,384
Down
$300,000
Posting: 287351 | Available | 6/28/24
For sale is a card-operated laundromat, currently run by an absentee owner. It is located in the highly desirable District 8 of San Francisco. The monthly estimated gross income is $14,782, and the monthly estimated cash flow is $4,931. The rent is $3,075 per month for a 1,100 square foot space.
Asking Price
$300,000
Cash flow
$29,200
Revenue
$134,280
Down
Call/Email
Posting: 285766 | In Escrow | 3/21/24
This San Francisco self service laundromat is kept very clean with lots of plants that gives the laundry a nice feel. There are 25 commercial washers and 26 commercial dryers. The well managed self and full service laundries are doing very well as this is a basic business.
Asking Price
$138,985
Cash flow
$168,000
Revenue
$480,000
Down
Call/Email
Posting: 284308 | Available | 7/1/24
This coin laundry is well maintained and very clean, busy and the best laundromat in town. It has an ample parking lot and an excellent and easy location. The asking price is $1,095,000.00. The seller wants a prospective buyer who has great experience in this field.
Asking Price
$1,095,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286725 | Available | 5/23/24
This laundry has been renovated with new equipment. It is located in a busy center with anchor tenant. It has the ability to increase cash flow by offering wash and fold service. Long term lease remaining.
Asking Price
$518,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285554 | Available | 3/7/24
This coin laundromat is located in a densely populated neighborhood in east Los Angeles with excellent demographics for the business. With a full remodel in 2015 and additional new equipment added within the last two years, this turn-key location is a great investment opportunity for a new owner.
Asking Price
$535,000
Cash flow
$39,600
Revenue
$150,000
Down
$158,400
Posting: 284543 | In Contract | 1/6/24
This is a coin/card laundromat for sale in SF (Mission District). It is absentee owner run. The monthly estimated gross is $12,500 and the monthly estimated cash flow is $3,300. Rent is $3,150/month for 1,100 sq ft. Lease goes until 11/1/2027, but an extension is negotiable.
Asking Price
$158,400
Cash flow
$207,684
Revenue
$567,104
Down
Call/Email
Posting: 285663 | Available | 5/24/24
The laundromat for sale in Desert Hot Springs is a full-service facility that prides itself on its cleanliness and exceptional customer service. With 39 years of establishment, it has become a trusted and reliable business in the area, attracting a large and loyal customer base.
Asking Price
$495,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$50
Posting: 278267 | Available | 4/22/23
This is a well-established laundry in Pacoima! It is a free-standing building with great visibility and ample parking with easy in and out. This coin laundry is located in a highly trafficked area in an excellent location. It is in a great neighborhood with lots of very loyal regular customers.
Asking Price
Call or email
Cash flow
$90,000
Revenue
Call/Email
Down
All Cash
Posting: 286616 | Available | 7/3/24
Introducing a long and well established neighbor laundry in Downey. This laundromat is located in a commercial and high density area. Medium size and clean with good net income. Very easy to run and semi absentee run. There is upside potential for hands-on buyers. Low cost water zone. Good parking.
Asking Price
$269,000
Cash flow
$96,000
Revenue
$540,000
Down
Call/Email
Posting: 256087 | Available | 1/6/24
This is a well-established laundromat and it has a large amount of local & faithful customers. The laundromat business is a good part-time business for people from all walks of life for supplemental income. A new operator with good business sense would do well to take over the business.
Asking Price
$295,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283818 | Available | 11/12/23
This laundromat in located in an area that is going through a period of gentrification and is located attractively to this growing population. There is plenty of parking. It is largely an Hispanic market area with larger family sizes and mostly renters; an ideal market area.
Asking Price
$175,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 269473 | Available | 6/3/24
Price reduced! This is a small laundromat for sale in San Francisco. The size is about 1200 sq ft. and this is a commercial condo until you own the space (no rent to pay). Before the pandemic, sales were $15,000 per month and now is currently $92,000 a year. BRING YOUR OFFER!! MOTIVATED SELLER!
Asking Price
Call/Email
Cash flow
$600,000
Revenue
$1,320,000
Down
$3,500,000
Posting: 286558 | Available | 5/14/24
A very high sales volume coin laundromat with property is available for sale. The monthly average sales amount to about $110,000, with a net income per month of $50,000. The laundry features brand-new machines and occupies a lot size of 25,740 square feet, with a building size of 5,520 square feet.
Asking Price
$8,200,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$50,000
Posting: 285371 | Available | 2/26/24
Are you seeking a lucrative investment in a prime upscale neighborhood while maximizing tax benefits? Look no further! Presenting an exceptional opportunity to acquire a thriving laundromat nestled in the heart of an upscale neighborhood.
Asking Price
$150,000
Cash flow
$550,000
Revenue
Call / Email
Down
$1,500,000
Posting: 272845 | Available | 4/3/22
Professionally designed beautiful laundry with high end brand washer and dryer, upside income potential. High ceiling and all amenities with loyal customers. Inquire only with buyer's financial statement. One of the high volume laundry and high income and professionally designed beautiful laundry.
Asking Price
$5,490,000
Cash flow
Call / Email
Revenue
Call / Email
Down
$25
Posting: 267598 | Available | 4/28/21
Great Opportunity to Own a Coin Laundry + Property in LA, prime location. This is a great opportunity to buy a successful coin-operated laundry with its property at a low price. The building is located in a densely populated, high-trafficked area. This busy laundry has a stable income.
Asking Price
Call / Email
Cash flow
Call / Email
Revenue
Call / Email
Down
20%+ SBA
Posting: 261493 | Available | 10/6/20
Great Opportunity to Own a Coin Laundry + Property in LA.The coin laundry is an anchor tenant and there is a market as another tenant in the building. This is one of the best coin-operated laundromats in the area. The profit margin is better because of the LOWER sewer charges in this area.
Asking Price
Call / Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281060 | Available | 6/5/23
This laundromat business started in January 1989 and this laundromat business is a good part-time business for people from all walks of life for supplemented income, This laundromat is one of the best laundromats in the area with lots of loyal customers.
Asking Price
$2,100,000
Cash flow
$93,900
Revenue
$240,000
Down
$40
Posting: 286283 | Available | 4/26/24
This coin laundry, which has been well-maintained for over 13 years, is now ready for sale. It is located in a Hispanic populated area at the center of a small shopping center with ample parking and offers very reasonable rent with a long lease available for the new qualified buyer.
Asking Price
$265,000
Cash flow
Call / Email
Revenue
Call / Email
Down
25%+ SBA
Posting: 257942 | Available | 10/16/20
Great Money Making Coin Laundry + Property in E. LA. Great location! 6000 sq. ft. free-standing building with great visibility with ample parking. This is one of the best coin laundry in the area. This laundry is always busy. This coin laundry is located in a very densely populated area.
Asking Price
Call / Email
Cash flow
$90,000
Revenue
$290,000
Down
$50
Posting: 284608 | Available | 4/18/24
For sale is a coin & card hybrid laundromat with brand new washers that is open from 7:00am-9:30 pm. The size is 2,500 sq ft. and rent is $6,500 plus CAM charge. The lease is 3 five-years lease & options. This is the best laundromat for a first-time business owner.
Asking Price
$375,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 282164 | Available | 10/5/23
2850 SF Well-established Coin Laundry w/ High Stable Income in LA. Great visibility and stable income with great growth potential. Located in a strip mall in a prime location. Great visibility with ample parking and easy in/out access. This coin laundry is located in a very densely area,
Asking Price
Call/Email
Cash flow
$96,000
Revenue
$396,000
Down
Call/Email
Posting: 286221 | Available | 4/22/24
This laundromat, which is located in a perfect location with lots of loyal customers, is exceptionally clean, and includes all equipment, fixtures, furniture, and goodwill in the asking price. This laundromat is considered one of the best in the area due to its large number of loyal customers.
Asking Price
$1,950,000
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
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
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
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
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.
Laundromats undeniably represent a fantastic business opportunity. They offer high returns and require minimal hours, making them an attractive investment. Even during severe economic downturns, laundromats prove resilient as they provide an essential life service, but why do laundromats fail?
For Laundromat investors looking to enter the industry, these are challenging times. This significant industry that is surging due to "smarter" equipment, cleaner spaces, more staff, & the larger payback for offering a better customer experience. But, brokers & sellers have unrealistic valuations.
The coin-operated laundry business has undergone significant changes, evolving beyond its traditional model. Laundromats are now transforming into comprehensive "laundry businesses." This shift reflects a broader approach that goes beyond mere self-service coin-operated machines.
Chuck Post hosts these live FREE online webinars on Buying A Card or Coin Laundry. These webinars occur every Weds at Noon. Have your questions ready for an open and honest discussion about both the Pro & Cons of the Vended Laundry Business. RSVP or for more info phone Chuck at 619-227-5711 direct.
When investing in a laundry business, there are two methods. One is preferred, but the other is far more common. If you are considering entering into a new industry, like most now entering the laundry industry, you want to have a good understanding of both opportunities. Chuck Post explores both.
Laundry buyers and investors should expect both challenging times and opportunities for success in 2022 and 2023. Chuck Post, Laundry Industry Advisor explores growth opportunities, equipment advances, industry challenges and trends all laundromat buyers and investors should know about.
Chuck Post, a leading laundry expert with over 37 years of developing laundries, retooling, and rebranding hundreds of existing laundries, tells investors how to search, find, evaluate, and do good laundry due diligence laundries for acquisition. A must read for new investors & current operators.
Utility rates are on the rise. I am getting calls from laundry owners complaining of the costs, asking for ideas. So what is the answer? What is the best approach in combating these costs? Chuck Post, laundry consultant discusses strategies for keeping coin laundry utility costs under control.
The laundry business offers all of those rewards of business ownership, with much fewer headaches than with most other businesses. However buyer beware - Chuck Post, laundry broker and consultant covers several mistakes many first time laundry buyers commit when buying a California laundromat.
Coin operated laundry for sale (also referred to as a laundromat), which typically can yield a 20% to 30% profit (before taxes, interest, depreciation and amortization) on gross revenues to the owner. Peter Siegel, MBA with BizBen.com discusses this topic on buying small to mid-sized laundromats.
Many Californians want to buy a coin laundry because it's a business that doesn't require full time owner attention and because, as an all cash business, the owner is always paid before the service is provided. But there are a few misconceptions about the business and a buyer should have the facts.
Laundromats and coin operated Laundromats are popular choices among business buyers as they often can be successfully run as an absentee run business. You need to be strategic about when you sell your Laundromat so you don't get taken to the cleaners by a buyer and so that you maximize your profits.
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.
How does the laundromat business look as we enter this changing environment? Is it still as easy to operate a laundry and be profitable? Is it still the American Dream Business that it has been known to be? Yes, but… Chuck Post, Laundry Advisor & Consultant initiates this BizBen Discussion post.
We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.
Chuck Post a laundry consultant, specialty broker, buyer representative & due diligence advisor starts this discussion on why it's important to have an exit strategy in mind while buying a laundromat! He & others explain why this concept is so important for buyers especially in the laundry business.
However all the laundry listings are asking 4X to 5X multiple for an asking price! Is this reasonable, standard? We are are looking buy either a coin or a card laundry and want to pay a "fair" price. What factors go into valuing a laundry business these days? Multiple Advisors answer this question.
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.
