Cash flow
$174,000
Revenue
$480,000
Down
Call/Email
Posting: 284308 | Available | 3/26/24
This coin laundry is well maintained and very clean, 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 requested a prospective buyer who has great experience in this field and runs his store diligently.
Asking Price
$1,095,000
Cash flow
$74,533
Revenue
$297,600
Down
Call/Email
Posting: 284691 | Available | 3/23/24
This is an opportunity for first-time buyers to own and operate a laundromat that was fully remodeled in 2019, with all soft mount washers that are highly efficient in utilities. Vend prices are on the low side, with a lot of opportunities to grow the income of the store. Rent is very reasonable.
Asking Price
$385,000
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: 283561 | Available | 3/22/24
The business has all newer card machines (not coin-operated). Even vending machines and restrooms are card-operated. If the owner operated it, there would be approximately $140k in cash flow. Where else can you make over 20% annual return on investment? The absentee owner has employees to run it.
Asking Price
$730,000
Cash flow
$598,656
Revenue
$1,024,530
Down
Cash Only
Posting: 285772 | Available | 3/21/24
For sale are 3 laundromats in Victorville and Hesperia. All together are $3 million total. (1) Victor Ville: $37,3362/year; Rent $5,172, 3792 sf | (2) Victor Ville: $ 266,064/year; Rent $3,012, 2100 SF | (3) Hesperia: $385,104/year; Rent $4,696, 1800 sf
Asking Price
$3,000,000
Cash flow
$29,200
Revenue
$134,280
Down
Call/Email
Posting: 285766 | Available | 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
$65,508
Revenue
$211,620
Down
Call/Email
Posting: 285568 | Available | 3/7/24
This laundry location has recently been remodeled and has a steadily growing income. It is located in a densely populated area surrounded by lots of apartment complexes.
Asking Price
$298,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285553 | Available | 3/7/24
This established, neighborhood coin laundry in Glendale Montrose area has a solid existing income, but tons of growth potential. Excellent opportunity as a starter store, or for an experienced owner looking to customize it to their taste.
Asking Price
$350,000
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
$108,000
Revenue
$255,000
Down
Call/Email
Posting: 277572 | Available | 3/4/24
For sale is a high-traffic laundromat located in Modesto, CA. The washers and dryers were replaced a few years ago. It is located in a very busy shopping center with a lot of foot traffic. Business is run on a loyalty card system.
Asking Price
$650,000
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
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/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
$101,580
Revenue
$381,600
Down
Call/Email
Posting: 285375 | Available | 2/26/24
This coin operated laundromat has an excellent mix of equipment in additional to good parking with easy in and out access. It is a well-established laundromat with an established customer base. It is a prime location in a densely populated rental neighborhood.
Asking Price
$438,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281258 | Available | 2/16/24
This spacious nicely arranged store offers the best and unique mix of equipment sizes to the local surrounding neighborhood to wash and dry their clothes. The spacious turn-key store is ready for someone to come in and be ready to continue the operation.
Asking Price
$299,000
Cash flow
$37,440
Revenue
$186,432
Down
Call/Email
Posting: 285167 | Available | 2/14/24
This laundromat is located in a populated rental area. This is a super clean laundry with good equipment mix of options that give customers what they want. It has easy in and out access and plenty of parking. This is an excellent starter laundromat!
Asking Price
$168,000
Cash flow
Call/Email
Revenue
$231,000
Down
Call/Email
Posting: 284432 | Available | 2/14/24
This laundry is located in a busy strip center and on a major intersection. It is very well maintained with easy in and out access and great parking. It is located in a populated area surrounded by lots of apartment complexes.
Asking Price
$268,000
Cash flow
$90,000
Revenue
$290,000
Down
Call/Email
Posting: 285081 | Available | 2/9/24
For sale is a card operated laundromat in La Habra that has lots of parking available in the front and rear. The current owner has operated it from February 2010. It is semi-absentee run.
Asking Price
$400,000
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
$363,336
Revenue
$690,000
Down
Call/Email
Posting: 285077 | Available | 2/8/24
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
$2,950,000
Cash flow
$240,000
Revenue
$360,000
Down
$750,000
Posting: 281340 | In Escrow | 1/23/24
A coin laundromat in Rockridge, Oakland. The current owner has had it for 16 years and it has been established for 40 years. It is in a great location and generates huge cash flow. It is open 7 days a week. The equipment and machines are 7 years old.
Asking Price
$750,000
Cash flow
Call/Email
Revenue
$347,364
Down
$499,000
Posting: 284758 | Available | 1/20/24
This is a large coin laundry in Oakland near Lake Merritt. It's a full attendant. It is open 7-days from 7am to 9pm. Rent at $6,750/month for 3,300 sq ft. It's available for parking spaces in the rear. Annual Estimated Gross: 347,364. A new lease is negotiable.
Asking Price
$499,000
Cash flow
$120,000
Revenue
Call/Email
Down
Call/Email
Posting: 284724 | In Contract | 1/18/24
For sale is a completely updated machine & clean facility. The owner wishes to retire. Prospective buyers need to visit the site one of the cleanest, well-established, and nicely laid out laundromats in the area. The facility offers a size of 3,450 sqft space with below market rental rate.
Asking Price
$435,000
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
$400,000
Revenue
$850,000
Down
$30
Posting: 284599 | Available | 1/10/24
This coin laundromat store sales a business and property. The store is located in a densely populated area. The store has recently expanded to get more space and growing the sales. The parking space has over 20 spaces.
Asking Price
$3,900,000
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
Cash flow
$134,364
Revenue
Call/Email
Down
Call/Email
Posting: 284555 | In Contract | 1/7/24
For sale is a well-established business located in a growing city that is being gentrified with new apartment complex. If you are looking for a turnkey store, look no further. This welcoming size of 3,000 square foot location is ideal for someone new or experience ready to operate.
Asking Price
$520,000
Cash flow
$39,600
Revenue
$150,000
Down
$158,400
Posting: 284543 | Available | 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
$60,000
Revenue
$200,000
Down
$250,000
Posting: 285036 | Available | 4/18/24
This is a laundromat located at Signal Corner Shopping Center. It has busy foot traffic. There are brand new 64 Unit apartment opening across the street in March. It has had the present owner for 8 years and there is still lots of potential to increase the sales revenue.
Asking Price
$250,000
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
$88,212
Revenue
$314,448
Down
Call/Email
Posting: 265237 | Available | 8/4/23
The owner has good books and records $26,200/average monthly income for the past 12 months. This store is located in Mid Los Angeles 5-10 minutes to downtown L.A and West L.A and built with all Dexter washers and Dryers. 3000 sq ft, New lease available to qualified buyers.
Asking Price
$345,000
Cash flow
$65,000
Revenue
$120,000
Down
$160,000
Posting: 283897 | Available | 3/29/24
Asking price reduced, the sale must be "An All Cash Offer". This coin laundry is strategically located in a bustling neighborhood shopping center, perfectly positioned at a high-traffic intersection. Don't miss out on this exceptional opportunity.
Asking Price
$160,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 276251 | Available | 3/10/23
For sale is a well-established coin laundromat that has been under the current owner for over 10 years. This is a great location with low rent and steady cash flow.
Asking Price
$95,000
Cash flow
$110,400
Revenue
$264,000
Down
Call / Email
Posting: 263476 | Available | 4/8/21
Excellent free standing LA laundry is a real gem. Reliable staff & all amenities included for additional income. Fixed rent w/ long lease in place! Perfect absentee ownership opportunity. Long commute causing owner to sell. Call to hear outstanding details!
Asking Price
$375,000
Cash flow
$50,544
Revenue
$177,600
Down
$35
Posting: 271778 | Available | 2/14/22
Excellent NOHO Laundry available. Very high traffic location with steady regular customer base. Turn key and great for any buyer. Please call for details!
Asking Price
Call / Email
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
$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: 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
$639,000
Revenue
$1,160,000
Down
$20
Posting: 240277 | Available | 10/10/20
Coin laundry was designated as an essential business during Pandemic. And government supports 6 months SBA loan payments if the escrow is closed before 9/27/2020. The amount would be about $130,000. benefit for the buyer.
Asking Price
$5,200,000
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
Call/Email
Posting: 285893 | Available | 3/29/24
This is an opportunity at hand for a store located near San Fernando. This store sits in front of a major busy street with plenty of store front visibility. It has easy ingress and egress which gives easy access to the mid-size center. This manageable size store is great for starters.
Asking Price
$225,000
Cash flow
$598,656
Revenue
$1,024,530
Down
Cash Only
Posting: 285772 | Available | 3/21/24
For sale are 3 laundromats in Victorville and Hesperia. All together are $3 million total. (1) Victor Ville: $37,3362/year; Rent $5,172, 3792 sf | (2) Victor Ville: $ 266,064/year; Rent $3,012, 2100 SF | (3) Hesperia: $385,104/year; Rent $4,696, 1800 sf
Asking Price
$3,000,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 282134 | Available | 8/10/23
Rebuilt the existing Coin Laundry and reopened one year ago. Brand new machines, drains, cabinets, water supply system, coin changers, and roof.
Asking Price
$1,800,000
Cash flow
Call/Email
Revenue
$347,364
Down
$499,000
Posting: 284758 | Available | 1/20/24
This is a large coin laundry in Oakland near Lake Merritt. It's a full attendant. It is open 7-days from 7am to 9pm. Rent at $6,750/month for 3,300 sq ft. It's available for parking spaces in the rear. Annual Estimated Gross: 347,364. A new lease is negotiable.
Asking Price
$499,000
Cash flow
$318,000
Revenue
$868,000
Down
25 to 35 %
Posting: 277293 | Available | 11/6/22
High traffic, central Los Angeles laundromat with a healthy, loyal customer base. One owner for 20 years. Many streams of income are in place with the potential for more. Flexible SBL and partial seller financing are available. Dependable staff in place. Unique chance for an established money maker.
Asking Price
$1,300,000
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
$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
$101,580
Revenue
$381,600
Down
Call/Email
Posting: 285375 | Available | 2/26/24
This coin operated laundromat has an excellent mix of equipment in additional to good parking with easy in and out access. It is a well-established laundromat with an established customer base. It is a prime location in a densely populated rental neighborhood.
Asking Price
$438,000
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
$400,000
Revenue
$850,000
Down
$30
Posting: 284599 | Available | 1/10/24
This coin laundromat store sales a business and property. The store is located in a densely populated area. The store has recently expanded to get more space and growing the sales. The parking space has over 20 spaces.
Asking Price
$3,900,000
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: 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
$25
Posting: 261457 | Available | 10/5/20
Great Opportunity to Own a Coin Laundry + Property in LA. This is one of the best coin-operated laundromats. In the free-standing building with a huge parking lot in a great location. This laundry is located in an area with a high population of coin laundry customers with great visibility.
Asking Price
Call / Email
Cash flow
Call or Email
Revenue
Call or Email
Down
35~40% SBA
Posting: 252904 | Available | 10/27/20
4000 sq.ft Coin Laundry in a strip mall with great visibility and stable income. Long-term lease for 18yrs. Located in a very densely populated area in a great neighborhood with lots of regular customers. Top-notch equipment. All machines are ~ 6 yrs old.
Asking Price
Call or Email
Cash flow
$31,322
Revenue
$155,325
Down
Call/Email
Posting: 283082 | Available | 9/28/23
A great potential starter coin laundry store with a lot of parking in front and back, and great demographics for laundromat in the Ventura area. A huge potential to grow the existing fluff and fold service. With 18.5 year total lease including options. Approximate laundry size of 1,950sqft.
Asking Price
$135,000
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
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.
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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
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.
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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
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.
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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.
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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.
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.
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.
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 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 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.
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.
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The use of add backs & sellers discretionary cash is common among sellers of businesses when showing their financial information & explaining that the buyer will actually enjoy more profit than is shown. But buyers are cautioned to review documents closely. Peter Siegel, MBA with BizBen explains.
Owners should keep the fact that they want to sell their small business confidential. Before releasing information to prospective buyers, buyers should commit to confidentiality in writing & should understand why it is important. Peter Siegel, MBA a ProBuy and ProSell Advisor with BizBen explains.
First the dreaded statistic: 80% of all business buyers looking to buy a small business never end up doing so! Peter Siegel, MBA BizBen.com Founder & ProBuy Director) covers successful tactics & strategies all business buyers of small to mid-sized businesses should utilize now to buy a business.
Approaching business owners directly to see if they want to sell can sometimes work well for business buyers searching to buy a small business. Another way is to broadcast your search criteria via the BizBen ProBuy Program to all brokers, agents, and intermediaries who are selling a small 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!
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.
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.
Despite challenges in the business for sale marketplace, some of the brokers who make a living by facilitating a deal between buyer and seller are known to stand in the way of a completed transaction because of some outdated ideas. Too bad they put greed ahead of the needs of their clients.
A business buyer in our ProBuy Program searching to buy a business asked me to sum up what I though the biggest mistakes business buyers make when they search for and bought a small business. I asked ProIntermediaries on BizBen their thoughts on the matter and received a diverse response.
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.
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.
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.
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.
