Cash flow
$196,800
Revenue
$480,000
Down
$520,000
Posting: 286461 | Available | 5/8/24
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
$384,000
Revenue
$732,000
Down
N/A
Posting: 286371 | Available | 5/7/24
For sale is a high-volume location in a beautiful vacation destination city. It is 8 years old and is already one of the highest volume locations in Northern Ca. With ample parking, loyal customers, and is the only laundromat in town! Serious inquiries only.
Asking Price
$1,800,000
Cash flow
$164,000
Revenue
$325,000
Down
Call/Email
Posting: 286441 | Available | 5/7/24
For sale is a well established and profitable coin operated laundry with strong cash flow. This laundromat was renovated in 2022 with new equipment. It has a great mix of equipment. It is located in a fabulous location and is in a busy strip center.
Asking Price
$818,000
Cash flow
$80,000
Revenue
$372,000
Down
Call/Email
Posting: 286440 | Available | 5/7/24
This is a laundromat located in a densely populated area and it is surrounded with lots of apartment complexes. It is very well established coin laundry with established customer base. It is at a prime location in a busy strip center with plenty of parking.
Asking Price
$250,000
Cash flow
$52,800
Revenue
$201,000
Down
Call/Email
Posting: 286439 | Available | 5/7/24
This laundromat is located in a major street with great visibility in a high traffic area. It has easy in and out access with plenty of parking. It is a great starter laundry with excellent potential in a highly desirable area. Reasonable seller!
Asking Price
$188,000
Cash flow
$200,000
Revenue
$513,500
Down
$350,000
Posting: 286408 | Available | 5/4/24
This coin & app based laundromat is generates a high adjusted net income of $200,000 per year. It operates from 5:00 am to 1:00 am run by employees, has low rent and spans 2,700 square feet in size. Situated in a hot location with many apartments around, it boasts brand new washers.
Asking Price
1,05 M
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 269473 | Available | 5/4/24
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
$363,336
Revenue
$690,000
Down
Call/Email
Posting: 285077 | Available | 4/30/24
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
$3,000,000
Cash flow
Call/Email/Text
Revenue
Call/Email/Text
Down
Call/Email/Text
Posting: 286335 | Available | 4/30/24
A 4,000+ sq ft. laundromat store has been in existence for over 24 years, boasting great demographics for laundry service. The owner constructed the store back in 2000. A brand new lease will be provided to a qualified buyer. The seller is retiring and highly motivated.
Asking Price
$275,000
Cash flow
$77,400
Revenue
$250,000
Down
$160,000
Posting: 285863 | Available | 4/29/24
Seller financing $100,000 available. For sale is a coin-operated laundromat. It is open 5:30 am and close 10:30 pm with an auto-door open/close by timer. It is located in Lynwood, California and is semi-absentee run.
Asking Price
$320,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$150,000
Posting: 284611 | Available | 4/29/24
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. Location and demographics make this a winning investment. Owners are retiring.
Asking Price
$150,000
Cash flow
$60,000
Revenue
$168,000
Down
$200,000
Posting: 286313 | Available | 4/28/24
The estimated gross is $14,000 per month, and the estimated cash flow is $5,000 per month. The rent is $4,000 per month for 4,500 square feet. The lease is until June 30, 2029, and the lease extension is negotiable with the landlord. The business operates seven days a week from 8 am to 8:30 pm.
Asking Price
$200,000
Cash flow
$156,000
Revenue
$336,000
Down
$640,000
Posting: 286312 | Available | 4/28/24
A simple coin laundry is for sale in Nob Hill, San Francisco, with an estimated gross income of $28,000 per month and an estimated cash flow of $13,000 per month. The rent is $5,200 per month for a space of 2,400 square feet. The new lease includes a 5-year term with a 5-year option.
Asking Price
$640,000
Posting: 261419 | Available | 4/27/24
I am seeking car washes and laundromats. I specialize in coin-operated carwashes with land In the last three months closed all cash escrows for a total of four self-serve carwashes with land and laundromats. I represent multiple clients who know that these businesses might not have financials.
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
$199,963
Revenue
$477,324
Down
$725,000
Posting: 286262 | Available | 4/26/24
This coin laundry has been well established since 2010 and operates exclusively with coins, without accepting cards. Situated in a bustling location adjacent to a supermarket, the seller asserts this business is impervious to the effects of Covid-19. The revenue $477,324, SDE Net income $199,963.
Asking Price
$725,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286234 | Available | 4/22/24
This well-established laundromat is a fantastic opportunity to own a profitable business with minimal overhead.
Asking Price
$305,000
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
Cash flow
$60,000
Revenue
$204,000
Down
$330,000
Posting: 286217 | Available | 4/21/24
There are two coin laundries for sale in the Inner Richmond District of San Francisco. The estimated gross income is $17,000 per month, with an estimated cash flow of $5,000 per month. Both leases are valid until 2030 and are negotiable for extension. The janitorial fee is $900 per month for both.
Asking Price
$330,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284689 | Available | 4/19/24
This laundromat has recently been remodeled with some new equipment. It has an excellent mix of equipment. It is located in a strip center with great visibility and easy access.
Asking Price
$318,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284639 | Available | 4/19/24
This laundromat is located in a strip center of a major street intersection. It has great visibility in a high-traffic area. It has easy in and out access and plenty of parking.
Asking Price
$68,000
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
$200,000
Revenue
$425,531
Down
$370,000
Posting: 285822 | Available | 4/18/24
The current owner, who has operated the business for 23 years, is seeking to retire. The laundromat is approximately 10 years old and has been well-maintained, ensuring its good condition. The laundromat features 67 washers and 48 dryers, offering substantial capacity for customers.
Asking Price
$740,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286127 | Available | 4/15/24
A well-established coin laundry is available at a low price in LA. This coin laundry boasts a prime location in a large strip mall with ample parking, situated near Koreatown. It enjoys great demographics and a loyal customer base in a desirable neighborhood, surrounded by houses/apartments.
Asking Price
Call/Email
Cash flow
$264,000
Revenue
$624,000
Down
$35
Posting: 283271 | Available | 4/12/24
This is a newly built coin laundromat that is just 1 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
$63,000
Revenue
$290,000
Down
Cash Only
Posting: 285447 | Available | 4/12/24
This is a real absentee run, high-potential laundromat in Van Nuys/North Hollywood. The location is the center of Hispanic community, in a 7/11 shopping center with good parking. It is good for flipping and six digit income potential. All equipment is a major brand in good working condition.
Asking Price
$220,000
Cash flow
$18,360
Revenue
$109,992
Down
Call/Email
Posting: 286072 | Available | 4/9/24
This coin operated laundromat in Sacramento, California has great visibility from a highly trafficked street, a loyal customer base, and ample parking.
Asking Price
$149,000
Cash flow
Call/Email
Revenue
$495,451
Down
Call/Email
Posting: 284859 | Available | 4/5/24
For sale is a laundromat that has great demographics, with existing clientele for more than 20 years. With some upgrades, this is a great opportunity for all buyers. There is a 10-year lease with a 1x5 year option will be given to the qualified buyer. Seller is motivated. No broker cooperation.
Asking Price
$330,000
Cash flow
$196,800
Revenue
$480,000
Down
$520,000
Posting: 286461 | Available | 5/8/24
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
$384,000
Revenue
$732,000
Down
N/A
Posting: 286371 | Available | 5/7/24
For sale is a high-volume location in a beautiful vacation destination city. It is 8 years old and is already one of the highest volume locations in Northern Ca. With ample parking, loyal customers, and is the only laundromat in town! Serious inquiries only.
Asking Price
$1,800,000
Cash flow
Call or Email
Revenue
Call or Email
Down
35-40% SBA
Posting: 256081 | Available | 10/11/20
Well-established Coin Laundry in a busy location in Buena Park. Busy coin laundry with great visibility in an established area. Located in a shopping center on a prime location with ample parking and easy in and out access. This coin laundry has stable income and regular customers
Asking Price
Call or Email
Cash flow
Call/Email
Revenue
Call/Email
Down
$2,500,000
Posting: 277653 | Available | 2/8/23
For sale is a 24-hour coin laundromat with a 5-year-old 10,000 sq ft. building for sale in Los Angeles. They have over $40,000 in the monthly net.
Asking Price
$4,700,000
Cash flow
$614,400
Revenue
$1,152,000
Down
$25
Posting: 256080 | Available | 10/1/20
Monthly Operating Net Profit: $54,300. Property Tax & Insurance : $3,100. Monthly Net Profit: $51,200. SBA loan: 25% down payment to obtain the SBA loan. 25 years amortization. About prime + 1%. 1031 Exchange is possible. 6 month loan payments are waived by government supports if the buyer get SBA.
Asking Price
$5,000,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 269473 | Available | 5/4/24
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
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286234 | Available | 4/22/24
This well-established laundromat is a fantastic opportunity to own a profitable business with minimal overhead.
Asking Price
$305,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 282163 | Available | 10/5/23
Well-established low-rent coin laundry in Downtown Cudahy for sale. 3600 sq ft coin-operated laundry in a strip mall downtown. Lots of regular customers due to its excellent prime location. Great visibility with ample parking and easy in/out access. Very high return on investment!
Asking Price
Call/Email
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
Call/Email
Revenue
Call/Email
Down
$5,000,000
Posting: 280963 | Available | 5/30/23
Incredible opportunity: State-of-the-Art Coin Laundry Business with real estate for sale together! Modern and high-end thriving market. Unmatched profitability with the year-round operation. Qualified buyers only. Limited investor opportunity.
Asking Price
Call/Email
Cash flow
Call / Email
Revenue
Call / Email
Down
35%+ SBA
Posting: 268983 | Available | 7/21/21
Best money making laundromat in la. Great visibility and prime location! 8400 sq. ft. free-standing building in a great demographic prime location. This is one of the best laundromats in the area. Great visibility with ample parking and easy in/out access. Low rent and long-term lease for 25 years.
Asking Price
Call / Email
Cash flow
$363,336
Revenue
$690,000
Down
Call/Email
Posting: 285077 | Available | 4/30/24
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
$3,000,000
Cash flow
Call / Email
Revenue
Call / Email
Down
$1,300,000
Posting: 262975 | Available | 10/10/20
Exclusive Listing, Coin laundry combined with 4 bays coin car wash at 21,000. Sqf. lot in major Blvd. Newly built up 20 months ago, monthly gross sales have been increasing gradually since its opening, and upside potential for the future. 1031 Exchange is possible. Owner has not been working there.
Asking Price
$6,100,000
Cash flow
Call/Email/Text
Revenue
Call/Email/Text
Down
Call/Email/Text
Posting: 286335 | Available | 4/30/24
A 4,000+ sq ft. laundromat store has been in existence for over 24 years, boasting great demographics for laundry service. The owner constructed the store back in 2000. A brand new lease will be provided to a qualified buyer. The seller is retiring and highly motivated.
Asking Price
$275,000
Cash flow
Call/Email
Revenue
$360,000
Down
Call/Email
Posting: 282215 | Available | 3/1/24
Well-established laundry in the Los Angeles southwest area. It's in a 7-11 shopping center with T-Mobile, all 6 units with good parking. Near a several hundred-unit huge apartment complex, Honey Hole of laundry demographic. Just got a new $150,000. Equipment is included in the price.
Asking Price
$339,000
Cash flow
Call or Email
Revenue
Call or Email
Down
$40
Posting: 252709 | Available | 10/20/20
Well-established Coin Laundry w/ stable income in LA Koreatown! Great location, location, location! Excellent prime location in a small strip mall on a major street in the heart of Koreatown. Ample parking with easy in and out access. This laundry is always busy with lots of regular customers.
Asking Price
Call or Email
Cash flow
$350,000
Revenue
$700,000
Down
$25
Posting: 268038 | Available | 2/9/24
This Dry cleaner with plant located for 35 years in strip shopping mall with national brand food store, gas station, banks and restaurants etc. Revenue and cash flow are excellent and all equipment is working good condition. Good book records. Seller will provide all information to qualified buyer.
Asking Price
$650,000
Cash flow
$505,236
Revenue
$1,137,852
Down
$650,000
Posting: 274510 | Available | 11/3/22
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
$35,160
Revenue
$119,580
Down
Call/Email
Posting: 285812 | Available | 3/23/24
This coin op laundry has a steady flow of customers both new and old. The Seller, who is retiring, maintains the laundry like a professional. The Seller has owned an operated this laundromat for over 10 years. All of the equipment is in excellent condition.
Asking Price
$148,985
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
$107,880
Revenue
$396,000
Down
Call/Email
Posting: 282118 | Available | 3/4/24
This is a well-established and profitable coin-operated laundry with a strong cash flow. The laundromat is located in a densely populated rental neighborhood with great visibility in a high-traffic area. There is easy in-and-out access and excellent parking.
Asking Price
$480,000
Cash flow
$63,000
Revenue
$290,000
Down
Cash Only
Posting: 285447 | Available | 4/12/24
This is a real absentee run, high-potential laundromat in Van Nuys/North Hollywood. The location is the center of Hispanic community, in a 7/11 shopping center with good parking. It is good for flipping and six digit income potential. All equipment is a major brand in good working condition.
Asking Price
$220,000
Cash flow
Call / Email
Revenue
Call / Email
Down
$40
Posting: 259594 | Available | 10/25/20
Located in a strip mall in a prime location and surrounded by many apartments. Ample parking lot with easy in and out access. This laundry is always busy with lots of regular customers due to its excellent location. Must see! It has the potential to increase revenue even more. Long-term lease.
Asking Price
Call / Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285894 | Available | 3/29/24
This is an asset sale store. It is great for someone whom wants a fixer upper style location to create and built the store with its own unique way of how a laundromat business should be. They have a good mix of equipment from 20lb, 30lb, 60lb, 80lb washers to 30lb stack dryers and larger dryers.
Asking Price
$100,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$40
Posting: 283461 | Available | 10/20/23
San Diego Laundromat redevelopment project (North County). PBI Laundry Consulting, Inc. Has a new San Diego County re-tool project available. The area boasts a high Hispanic population with large families and a high percentage of renters. The market area is gentrifying at this time.
Asking Price
$550,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284689 | Available | 4/19/24
This laundromat has recently been remodeled with some new equipment. It has an excellent mix of equipment. It is located in a strip center with great visibility and easy access.
Asking Price
$318,000
Cash flow
$68,500
Revenue
$152,400
Down
$235,000
Posting: 275461 | Available | 1/11/24
For sale is a neighborhood laundromat in the desirable area of Glendale/La Crescenta with a solid customer base. It's a good income-producing laundry. This is a medium-sized laundry with easy access in and out, good visibility, and parking. All equipment is in good working order and well-maintained.
Asking Price
$235,000
Cash flow
$550,000
Revenue
$1,000,000
Down
$40
Posting: 280104 | Available | 1/10/24
This coin laundry is located in Korea town of Los Angeles County, California. It is semi-absentee run and open 24 hours. With rental income.
Asking Price
$3,000,000
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
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
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
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
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
The idea to have a buying a business checklist follows the adage that it's always useful to start with a plan when searching to buy a small business for sale. Peter Siegel, MBA Founder of BizBen.com and top advisor of the BizBen ProBuy Program suggests six items for all business buyers to utilize.
An often overlooked aspect of selling (or buying) a small business is taking back-up offers during the entire process of selling (or buying) a business. Most sellers (or buyers) don't realize that over fifty percent of all deals/contracts fall out escrow or contract for one reason or another.
The key to finding the ideal business broker or agent and selling a small business is asking the right questions and getting the right answers back! Peter Siegel, MBA with BizBen & several top business brokers and agents in California (ProIntermediaries) contribute to this topic to assist sellers.
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.
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.
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.
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!
Peter Siegel, MBA - BizBen.com & SBALoanAdvisors.com Founder discusses the difference between a hands on owner and an absentee owner. It covers why someone would want to be an absentee owner and then goes on to discuss the pros and cons of buying an absentee run small to mid-sized business.
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.
Peter Siegel, MBA - Lead Advisor with the BizBen.com ProSell Program discusses critical steps to prepare a small to mid-sized business including: which documents will be needed, key advisors to have involved, pricing the business, and how to attract the right business buyers to your listing.
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.
Peter Siegel, MBA - BizBen Founder & Director of the ProBuy/ProSell Programs explores why earnest money deposits when opening escrow (and bulk sale) serve several important purposes when buying or selling a small business in California. For Buyers not offering a realistic deposit may be a problem.
Successful sellers of small businesses need a game plan to sell their California small business for maximum price and for the best terms. Peter Siegel, MBA discusses these seller strategies with BizBen Blog readers based on his experience as the lead Advisor with the ProSell Program on BizBen.com.
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.
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.
