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
$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
$65,208
Revenue
$232,140
Down
Call/Email
Posting: 284258 | Available | 12/12/23
For sale is a 3,500 sq ft. laundromat located in the city of Compton. It has great potential. The owner is retiring and will entertain any reasonable offer. The seller is very motivated!
Asking Price
$255,000
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: 283817 | Available | 11/12/23
This laundromat is located in a prime San Fernando Valley market area with good parking. The laundromat is 6,000 sq ft. in space with a lot of potential for increased revenue through ancillaries. The business has fallen to unprofitable levels. The equipment is beyond its useful life.
Asking Price
$295,000
Cash flow
Call/Email
Revenue
$182,400
Down
$25
Posting: 281139 | Available | 11/3/23
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
$102,000
Revenue
$336,000
Down
Call/Email
Posting: 278665 | In Contract | 10/31/23
For sale is a fully remodeled clean & neat laundry located in the Mid Wilshire/Koreatown area with the highest density. It is in a very busy corner shopping center with several tenants. It has a good income as it is absente-run with easy maintenance/operation. All washers/dryers are major brands.
Asking Price
$439,000
Cash flow
$60,000
Revenue
$200,000
Down
$250,000
Posting: 285036 | Available | 4/24/24
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
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
Call/Email
Revenue
Call/Email
Down
$150,000
Posting: 284611 | Available | 4/7/24
For sale is a long-established laundromat with a loyal customer base. It is approximately 2,200 sq ft. at a fantastic location and demographics with endless profit possibilities. Location and demographics make this a winning investment.
Asking Price
$150,000
Cash flow
$102,000
Revenue
$336,000
Down
Call/Email
Posting: 278665 | In Contract | 10/31/23
For sale is a fully remodeled clean & neat laundry located in the Mid Wilshire/Koreatown area with the highest density. It is in a very busy corner shopping center with several tenants. It has a good income as it is absente-run with easy maintenance/operation. All washers/dryers are major brands.
Asking Price
$439,000
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
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
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
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
$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
$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
$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
$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
$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
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
$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
Call / Email
Revenue
Call / Email
Down
Call / Email
Posting: 241859 | Available | 9/27/20
Coin Laundry for sale. Always busy. 3,000 sq.ft. Monthly gross income $44,500. Monthly net Income $13,000. Stable income and regular customers due to its excellent location. Located in a strip mall in a prime location. Ample front and side parking with easy in/out access. 46 washers/ 60 dryers. ...
Asking Price
Call / Email
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
$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
$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
$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 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
$400,000
Down
$40
Posting: 276672 | Available | 10/4/22
This laundromat was professionally developed 15 years ago. The equipment is all working and in generally good condition considering the age. The laundry shows exceptionally well and is loved by its community. A 20-year lease is available. The market area is heavily Hispanic.
Asking Price
$359,000
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
$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
35-40% SBA
Posting: 273265 | Available | 4/6/22
Well-established laundromat in Long Beach at a low price. Big big potential!! There's a new project with many buildings for low-income apartments across the street. The selling reason is the owner's serious health issues. SBA eligible, 30-40% down required.
Asking Price
Call / Email
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
$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
$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
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
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
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
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
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
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.
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.
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.
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.
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.
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.
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.
Avoiding the obvious mistakes when selling a small business is important if you want to sell your business. Peter Siegel, Director of BizBen and the BizBen ProSell Program discusses what fatal mistakes business owners should avoid when selling their small to mid-sized California 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.
Only 30% of all small businesses for sale that are put on the market overall are sold! A surprising statistic to most business owners, agents, and brokers trying to sell a small business! If however you follow the strategies (BizBen Protocol Method) in this blog post you should see success!
As an Advisor On BizBen I talk to many California business owners, business buyers, brokers, and agents on a daily basis about valuing California small to mid-sized businesses. Many key factors go into this analysis including market demand, history of earnings, and even how the deal is structured.
One of the most difficult challenges when purchasing a small business is expressed by this prospective buyer of a liquor store who is told by the seller that there is more money being made than shows up on the books. Should the buyer accept that statement by the seller & go ahead with the purchase?
The economy has started to repair itself since the recession. While things may never be what they were in the past, the economy and small businesses have started to gain some form of momentum again. If you are considering buying a small to mid-size business consider these recession proof businesses.
Buyers search for an absentee business, wanting to collect profits generated by a successful enterprise without having to stand at the sales counter or cash register, without having to cook, operate equipment or talk to customers. Peter Siegel, MBA offers his intake on absentee run businesses.
Being an Entrepreneur has its perks, it can also be challenging. You need to make sure you're ready for the challenge. Here's a list of 10 important questions to get you started when buying a business. Peter Siegel, MBA (BizBen Founder) reviews this topic for business buyers of small businesses.
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.
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.
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...
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!
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.
