Cash flow
$170,000
Revenue
$470,000
Down
$530,000
Posting: 285555 | Available | 4/25/24
This is a successfully established dry-cleaning business for sale in Alameda County, CA. The business was established more than 35 years. It has a great reputation and it's next to Safeway, so it has very steady foot traffic. The motivated sellers are looking to retire.
Asking Price
$530,000
Cash flow
$175,000
Revenue
$525,000
Down
$300,000
Posting: 276123 | Available | 4/23/24
Must see a 100% wet cleaning plant located in West Hills near high-income Woodland Hills, Calabasas, and Bell Canyon. This is an 11 year-old, 1,200 sq. ft. plant, including shirt laundry. Most of the equipment is newer. No chemicals -- environmentally safe -- all work done in-house.
Asking Price
$500,000
Cash flow
$60,000
Revenue
$180,000
Down
$100,000
Posting: 285133 | Available | 4/23/24
This a dry cleaner with an owner-operator that is retiring. This has been established for 20 years, situated in a shopping center with Smart & Final as an anchor tenant, Planet Fitness, Chipotle, a UPS store, a dental clinic, a coffee shop, an animal hospital, and a Shell gas station.
Asking Price
$100,000
Cash flow
$78,000
Revenue
$240,000
Down
$100,000
Posting: 286222 | Available | 4/22/24
This is a great opportunity to own a well-established and outstanding dry cleaner at a very reasonable price. This dry cleaner is one of the best in Agoura Hills, and it is very well-established and organized. They always get the job done right and on time.
Asking Price
$100,000
Cash flow
$84,000
Revenue
$180,000
Down
Call/Email
Posting: 285201 | Available | 4/20/24
For sale is a dry cleaner that is located in the best location of West Torrance, Los Angeles County, CA. The current owner has run it for 34 years and now wants to retire.
Asking Price
$140,000
Cash flow
$284,000
Revenue
853,000 (2023 yr)
Down
25% for SBA Loan
Posting: 278637 | Available | 4/17/24
Semi-Absentee operation. High gross revenue $71,000 a month and high net profit $23,700 a month in 2023. This cleaner has had the same owner for 20 years in the plant and 5 years in the agency. All security systems are equipped. It is semi-absentee run and is SBA loan qualified.
Asking Price
$790,000
Cash flow
$60,000
Revenue
$220,000
Down
$79,000
Posting: 281798 | Available | 4/17/24
This is a dry cleaner plant for sale that was established in 1996. They do full-service dry cleaning and professional alterations. They also have wash, dry, and fold laundry services, and also repair shoes and purses. It is 1,700 sq. ft and the rent is $5,600 including NNN and water.
Asking Price
$79,000
Cash flow
$72,000
Revenue
$300,000
Down
$199,000
Posting: 283833 | Available | 4/17/24
A dry cleaner plant is for sale. It is 2,200 sq ft. of full-service dry cleaning, professional alterations, washing, and dry & fold laundry services. It is located in a busy shopping center with plenty of parking spaces. It was recently remodeled with new equipment. It is open 7 days a week.
Asking Price
$199,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$40,000
Posting: 286160 | Available | 4/17/24
The store has been excellently located at a town shopping center next to the supermarket for the last 16 years, under the same owner. Due to the seller's urgent health issue, it's an asset sale and a quick sale. There is great potential for buyers who have experience in alterations.
Asking Price
$40,000
Cash flow
$118,800
Revenue
$360,000
Down
$280,000
Posting: 286159 | Available | 4/17/24
In 2005, the current owner built this dry cleaner operation from the ground up in an affluent neighborhood of multimillion-dollar homes in North Orange County, California. It is situated within a modern and low-maintenance business complex among other high-traffic businesses.
Asking Price
$280,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$80,000
Posting: 286156 | Available | 4/17/24
The business has been excellently located at a major shopping mall next to Costco and Ross for the last 16 years under the same owner. The dry cleaning plant is fully equipped with a 60 lbs hydrocarbon machine, two washers, two dryers, and a compressor.
Asking Price
$80,000
Cash flow
Call/Email
Revenue
$350,000
Down
Call/Email
Posting: 280696 | Available | 4/16/24
For sale is a dry cleaner plant (only 1 plant, no agency, no wholesale) in the San Francisco downtown area on a busy street near the bus stop. The owner is ready to retire. Credit card statements and tax returns are ready with monthly sales of $30,000.
Asking Price
$148,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 274219 | Available | 4/16/24
This is a dry cleaner for sale in Carmel, CA. It is at a prime location in a shopping mall, 2 minutes away from the highway. It has all machines and equipment. Their Phase 1 2 report is ready. They have had no soil contamination issues. The rent with CAM is $6,800. The monthly sales amount is $60K.
Asking Price
Call/Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283703 | Available | 4/16/24
This is a dry cleaners for sale on a busy street in San Francisco. This is a plant (not an agency). It has all kind of machines. The owner will retire. They have good lease terms. The gross sales are $30,000 monthly. Please have credit card statement and tax info ready to show for purchase.
Asking Price
$225,000
Cash flow
$100,000
Revenue
$330,000
Down
$259,000
Posting: 285653 | Available | 4/16/24
Surrounded by affluent South Orange County communities, this established dry cleaning operation/agency has served local clients for over 20 years. The business is being run with the help of 2 part-time workers with a full-time owner-operator.
Asking Price
$259,000
Cash flow
Call/Email
Revenue
N/A
Down
Call/Email
Posting: 286146 | Available | 4/16/24
This business for sale is an established dry cleaner with a 30-year history. This is a fully equipped dry cleaner located in the heart of La Jolla with a loyal customer base. Business was down during COVID, but is recovering to pre-COVID sales. Visibility is great with high traffic.
Asking Price
$59,000
Cash flow
Call/Email
Revenue
$108,000
Down
$25,000
Posting: 286140 | Available | 4/16/24
A dry cleaner agency in Norco is available for sale. This operation is helper-run and operates with 100% absentee employees. The current owner has been in possession for 5 years and also owns a dry cleaner's plant in Corona.
Asking Price
$25,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284106 | Available | 4/15/24
This is a well-established business located in a busy shopping complex and has been open for 30 years, full-service dry-cleaning and professional alternation. They have an excellent alteration business. The seller claims gross income for 2023 will be close to $300,000.
Asking Price
$200,000
Cash flow
Call/Email
Revenue
$125,000
Down
$70,000
Posting: 286104 | Available | 4/12/24
For sale and just listed! This is a dry cleaners drop site in a well-trafficked high-end shopping center in Folsom! Located on a main street with a heavy car count per day. It is low maintenance, a good business for an owner-operator. A five-year lease can be assigned to a new owner.
Asking Price
$70,000
Cash flow
$160,000
Revenue
$330,000
Down
Call/Email
Posting: 278169 | Available | 4/11/24
Price lowered! For sale is a dry-cleaning plant. This cleaner is located in the fully occupied shopping center. There's no competition around 1~2 miles. The monthly sale is $30,000+ and size of the store is 1,500 sq. ft, and the rent is $5,300 including CAM (water and garbage included).
Asking Price
$269,999
Cash flow
Call/Email
Revenue
$600,000
Down
Call/Email
Posting: 282836 | Available | 4/8/24
This is a dry cleaning business for sale located in the busy strip center on Saratoga Ave (visible location). The seller stops by for 1~2 hours daily to check on the store. Rent is $8,300 including water and garbage. The size of the store is 1,400 sq. ft. Store sales are around $50,000~53,000.
Asking Price
$399,999
Cash flow
N/A
Revenue
N/A
Down
$1
Posting: 282234 | Available | 4/8/24
For sale is a fully equipped dry cleaning plant for just $1.00. Yes, just for one dollar! I am looking for someone who would take over the store and the lease that expires in 18 months. It would cost at least $150,000 to set up a dry cleaning plant like this today.
Asking Price
$1
Cash flow
Call/Email
Revenue
Call/Email
Down
All Cash
Posting: 276005 | Available | 4/7/24
This is a dry cleaner agency for sale. This business is located in a small strip center surrounding a residential area. The rent is $2,250 including garbage and CAM. From the last 3 months, average sales were $17,000+. This agency can potentially add a wash & fold.
Asking Price
$149,999
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 271756 | Available | 4/5/24
This is a dry cleaner agency in South Park, San Francisco. The rent is $1,800 and the size is about 900 sq. ft. This is a good potential business for a person who can do alterations or who owns the plant. The monthly sale is about $4,500 and the net income is about $2,000 - $2,500 per month.
Asking Price
$29,999
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 276702 | Available | 4/3/24
For sale is a high-volume dry cleaner plant. The monthly sales are about $55,000-$57,000 including alterations. The size of the store is 1,700 sq. ft, and the rent is $6,000 including CAM and water & garbage. The buyer must have experience. It is up for sale because the seller is retiring.
Asking Price
$849,999
Cash flow
$108,000
Revenue
$223,200
Down
Call/Email
Posting: 285935 | Available | 4/1/24
For sale is a dry cleaner. It is at a good location in a big shopping center in Fontana, Orange County, California. The owner has run it for 15 years.
Asking Price
$160,000
Cash flow
$96,000
Revenue
$276,000
Down
Call/Email
Posting: 285933 | Available | 4/1/24
This is a dry cleaners for sale in Redondo Beach, Los Angeles County, CA. It is a good location and the current owner has been running it for 12 years (previous owner 30 years).
Asking Price
$250,000
Cash flow
$61,219
Revenue
$300,000
Down
$300,000
Posting: 285844 | Available | 3/26/24
For sale is a fully equipped dry cleaning and alteration business situated in a shopping center on a busy street. With a well-established presence of over 20 years, this location is familiar to the local community. The business operates with one part-time employee and two full-time owners.
Asking Price
$300,000
Cash flow
$170,000
Revenue
$470,000
Down
$530,000
Posting: 285555 | Available | 4/25/24
This is a successfully established dry-cleaning business for sale in Alameda County, CA. The business was established more than 35 years. It has a great reputation and it's next to Safeway, so it has very steady foot traffic. The motivated sellers are looking to retire.
Asking Price
$530,000
Cash flow
$175,000
Revenue
$525,000
Down
$300,000
Posting: 276123 | Available | 4/23/24
Must see a 100% wet cleaning plant located in West Hills near high-income Woodland Hills, Calabasas, and Bell Canyon. This is an 11 year-old, 1,200 sq. ft. plant, including shirt laundry. Most of the equipment is newer. No chemicals -- environmentally safe -- all work done in-house.
Asking Price
$500,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 276702 | Available | 4/3/24
For sale is a high-volume dry cleaner plant. The monthly sales are about $55,000-$57,000 including alterations. The size of the store is 1,700 sq. ft, and the rent is $6,000 including CAM and water & garbage. The buyer must have experience. It is up for sale because the seller is retiring.
Asking Price
$849,999
Cash flow
$199,000
Revenue
$425,000
Down
Call/Email
Posting: 258531 | Available | 2/27/24
This great location is located in the Central Gardena on the busy street next to Bank of America. It is a free-standing building with ample parking space. This is a well-established dry cleaning business. The business includes machines and equipment.
Asking Price
$350,000
Cash flow
$92,400
Revenue
$228,000
Down
$120,000
Posting: 278076 | Available | 8/2/23
This is a dry cleaner plant that has equipment like a hydrocarbon dry cleaning machine, washer, dryer, press machine & POS system. The owners have two locations and want to concentrate on one site. This business has been here for 30 years and the owners have been here for 3 years.
Asking Price
$120,000
Cash flow
$160,000
Revenue
$330,000
Down
Call/Email
Posting: 278169 | Available | 4/11/24
Price lowered! For sale is a dry-cleaning plant. This cleaner is located in the fully occupied shopping center. There's no competition around 1~2 miles. The monthly sale is $30,000+ and size of the store is 1,500 sq. ft, and the rent is $5,300 including CAM (water and garbage included).
Asking Price
$269,999
Cash flow
$100,878
Revenue
$309,731
Down
$250,000
Posting: 281876 | Available | 10/31/23
Are you dreaming of owning your own thriving and profitable business? Look no further! This is your chance to own a fully operational dry cleaner plant that has been serving its community for more than 20 years!
Asking Price
$250,000
Cash flow
$100,000
Revenue
$330,000
Down
$259,000
Posting: 285653 | Available | 4/16/24
Surrounded by affluent South Orange County communities, this established dry cleaning operation/agency has served local clients for over 20 years. The business is being run with the help of 2 part-time workers with a full-time owner-operator.
Asking Price
$259,000
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
Call / Email
Revenue
Call / Email
Down
Call / Email
Posting: 278575 | Available | 1/25/23
Well, Established Dry Cleaner located right outside of the Naval Station. All New Equipment. The owner wants to retire.
Asking Price
$70,000
Cash flow
$96,000
Revenue
$168,000
Down
$85,000
Posting: 274818 | Available | 5/29/23
For sale is a dry cleaner plant in a shopping center next to grocery super market. The owners (husband and wife) want to retire. They have run it for 11 years. The business at this location has for 50+ years. Four (4) front parking spots are available. Hydro carbon and wet cleaning machine.
Asking Price
$85,000
Cash flow
$108,000
Revenue
$223,200
Down
Call/Email
Posting: 285935 | Available | 4/1/24
For sale is a dry cleaner. It is at a good location in a big shopping center in Fontana, Orange County, California. The owner has run it for 15 years.
Asking Price
$160,000
Cash flow
$300,000
Revenue
$1,150,000
Down
$200,000
Posting: 283947 | Available | 1/4/24
Tired of average dry cleaning? Upgrade to excellence with this dry cleaners! They offer premium dry cleaning services tailored to keep your garments looking and feeling brand new. They are serving Quartz Hill, Palmdale, Lancaster, and Edwards Air Force Base.
Asking Price
$849,000
Cash flow
Call/Email
Revenue
$210,000
Down
Call/Email
Posting: 280101 | Available | 3/23/24
Motivated to sell! The price went down. This cleaner is in Arcadia, CA. This store sells cleaner of a full of plant with equipment and furniture. This one owned for 30 years by one owner. The rent is a reasonable number. This cleaner is located big shopping center surrounded by residential houses.
Asking Price
$89,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284106 | Available | 4/15/24
This is a well-established business located in a busy shopping complex and has been open for 30 years, full-service dry-cleaning and professional alternation. They have an excellent alteration business. The seller claims gross income for 2023 will be close to $300,000.
Asking Price
$200,000
Cash flow
$159,551
Revenue
$428,243
Down
$150,000
Posting: 267583 | Available | 8/1/22
Drive Through Cleaners Business for sale in La Mirada, California. at the location over 80 years Over 70 years Old 1 owner Retirement Sale. Lease - Add on option years is highly possible but landlord haven't increased rent last 10 years, base rent increasing is highly possible too but negotiable.
Asking Price
$299,000
Cash flow
$240,000
Revenue
$576,000
Down
$558,000
Posting: 284666 | Available | 3/18/24
Introducing a flourishing dry cleaning enterprise, renowned for its prompt same-day service upon request. This business boasts a GreenEarth-branded machine, ensuring a top-notch, environmentally friendly cleaning experience. Operated with dedication by the same owners for the past 29 years.
Asking Price
$558,000
Cash flow
$108,000
Revenue
$228,000
Down
Ask
Posting: 284868 | Available | 1/25/24
This is one of the best cleaners in Simi Valley and the rent is the lowest in Simi Valley and the cleaner is well established, organized and profitable. This cleaner has a great deal of potential to increase revenue.
Asking Price
$175,000
Cash flow
$100,000
Revenue
$180,000
Down
Call/Email
Posting: 226962 | Available | 10/20/23
A free-standing building (approx 3,800 sq ft) is also for sale at $650,000. Rent including property tax is $3800. The business and property together are $700,000. A Hydrocarbon Dry Cleaning machine K-4, 50lbs was installed in Oct 2016. The cap rate is approx 5.5%.
Asking Price
$50,000
Cash flow
Call/Email
Revenue
N/A
Down
Call/Email
Posting: 286146 | Available | 4/16/24
This business for sale is an established dry cleaner with a 30-year history. This is a fully equipped dry cleaner located in the heart of La Jolla with a loyal customer base. Business was down during COVID, but is recovering to pre-COVID sales. Visibility is great with high traffic.
Asking Price
$59,000
Cash flow
$60,000
Revenue
$220,000
Down
$79,000
Posting: 281798 | Available | 4/17/24
This is a dry cleaner plant for sale that was established in 1996. They do full-service dry cleaning and professional alterations. They also have wash, dry, and fold laundry services, and also repair shoes and purses. It is 1,700 sq. ft and the rent is $5,600 including NNN and water.
Asking Price
$79,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 253057 | Available | 3/24/24
For sale is a dry cleaning business in Bakersfield, Kern County, California. It is located in a very busy shopping center. Training and support will be provided and agents/brokers accepted.
Asking Price
$120,000
Cash flow
$96,000
Revenue
$192,000
Down
$100,000
Posting: 282633 | Available | 9/5/23
This is one of the best Dry Cleaners in the area with lots of loyal customers and ample parking. If you like the high quality of service for dry cleaning, this is the place and the location is great.
Asking Price
$100,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 271756 | Available | 4/5/24
This is a dry cleaner agency in South Park, San Francisco. The rent is $1,800 and the size is about 900 sq. ft. This is a good potential business for a person who can do alterations or who owns the plant. The monthly sale is about $4,500 and the net income is about $2,000 - $2,500 per month.
Asking Price
$29,999
Cash flow
$284,000
Revenue
853,000 (2023 yr)
Down
25% for SBA Loan
Posting: 278637 | Available | 4/17/24
Semi-Absentee operation. High gross revenue $71,000 a month and high net profit $23,700 a month in 2023. This cleaner has had the same owner for 20 years in the plant and 5 years in the agency. All security systems are equipped. It is semi-absentee run and is SBA loan qualified.
Asking Price
$790,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283560 | Available | 3/6/24
This is an established dry cleaning business for sale in San Francisco, CA. The owner is retiring after 20 years in the business. The business opportunity is for sale. Real estate is not part of the sale. It has a great reputation at a good location with steady foot traffic.
Asking Price
$280,000
Cash flow
$60,000
Revenue
$150,000
Down
$88,000
Posting: 279004 | Available | 1/31/24
This is one of the best dry cleaners in the area and this is well established and well-organized dry cleaner with lots of loyal customers and a great reputation. They are in high demand for their expert alterations, and always do an amazing job removing stains from clothes.
Asking Price
$69,000
Cash flow
Call/Email
Revenue
$250,000
Down
Call/Email
Posting: 276458 | Available | 7/28/23
This is a rare combo wet and dry cleaning store in San Ramon, CA. It has been established with the owner since 2009. Stain spotting is not required. The dual-combo wet and dry cleaning process allows anyone with minimal experience to operate the business. It is open daily from 9am-6pm.
Asking Price
$325,000
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.
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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.
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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
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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.
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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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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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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.
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Before you buy a dry cleaners small business, read these critical tips about this industry. Discover why a dry cleaner needs to be "green" to be profitable. Peter Siegel, MBA (BizBen ProBuy, ProSell Program Advisor) explores this topic and other helpful strategies on buying a dry cleaning store.
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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.
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.
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.
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!
What are actual adjusted net earnings (cash flow) of a small business being purchased with business acquisition SBA Loan financing? That's an important amount that lenders need to know. Peter Siegel, MBA (BizBen.com, SBALoanAdvisors.com Founder) reviews this important concept with BizBen Blog users.
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.
It is not uncommon for business Owner/Sellers to get uncomfortable when a potential Buyer requires a SBA loan to purchase the Seller's business. Often times Owner/Sellers will say "the Buyer is the one getting the loan; why am I the one under the microscope?" This blog post addresses this topic.
First impressions are critical when selling a business - ask any potential business buyer. Peter Siegel, Founder Of BizBen explains why all potential small business sellers need to make sure that first impression is a good one.
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.
Most owners know that when choosing a broker to help sell your business, it's good to find out about his or her background and maybe get some references of people who've worked with the professional. Before signing a listing agreement, it helps to know these extra things about the business broker.
With the economy in growth mode, many owners of small companies who are ready to retire or invest in another enterprise would be smart to offer their business for sale. But some insist on hanging on as owner just a little bit longer. And that might be a mistake. Three reasons people make this error.
Unlike a traditional brick and mortar business, selling a home business requires more finesse on the part of the seller. You really need to do your due diligence and prepare the business to be sold in order to make it attractive to a buyer. Here are my tips to achieving a successful sale.
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.
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.
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.
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.
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.
For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
In our BizBen.com June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future.
Sometimes business brokers just can't win with their clients, because if an offer comes in too fast & too early then they must have lowballed the price & the seller is suspicious, and if not enough offers come in after putting the business on the market - they may look unproductive to their clients.
As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.
When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA a business purchase financing expert delves into the myths regarding SBA financing and business purchase financing.
We're hearing more and more about "crowd funding" through sites like gofundme and kickstarter as a possible way to raise the cash needed to buy a small business. This method of collecting funds has proven successful in other kinds of situations. Could this strategy work when buying a small business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Peter Siegel, MBA (BizBen ProBuy Program) and others explain a few of the ways that a buyer can beat out other buyers.
When purchasing a small to mid-szied business, there are a multitude of things to evaluate. One area that is often overlooked is the business's culture. Peter Siegel, MBA with BizBen discusses with potential buyers the importance of understanding how the business runs on a day-to-day basis.
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.
It's important to remember that selling a business takes time. Unlike selling a house, which can be sold relatively fast, a business can take up to six months to a year to sell. I discuss this topic with other advisors and intermediaries on this BizBen Discussion.
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion are aspects of a business that really drives its value and pricing. A business owner asked me this question today so I wanted to get others view points as well in this Discussion.
It can take months, sometimes longer to sell a small business. Here are 6 questions plus other information from myself plus other BizBen Users to ask yourself to help you determine why your small to mid-sized California business isn't selling. You might be surprised what those reasons are!
Should I Sell My Business During The Holidays Or Wait Till After The New Year? Business Broker Joe Ranieri and others chime in on this BizBen Discussion about selling a business during the Holiday Season.
Applying for a business acquisition loan can be challenging for someone who hasn't been through that process in the past. If one has a mortgage one knows that the value of the property being pledged has to at least equal the amount of the loan, SBA loans to buy a small business are very different.
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Peter Siegel (BizBen ProBuy Program) discusses this topic with others.
At What Point Do You Show Key Marketing Info And Materials To Buyers? Robb Hartman, Business Broker at BizBen discusses this topic with others on this BizBen Discussion.
Business buyers many times ask in my ProBuy consulting sessions - how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic.
The owner selling the business doesn't have recent financial information or documentation but insists revenues are increasing. Should buyers believe the seller? What should buyers do in this situation? ProIntermediaries on BizBen answer the question of verifying seller / owner's financial claims.
When considering buying a business that is losing money one has to be very careful. There are reasons that the business could be losing money that aren't fatal or extremely difficult to fix and there are other reasons that should send you running in the other direction. Peter Siegel, MBA explains.
Asking the seller straightforward questions and getting straightforward answers in return is an important part of the buying and due diligence process. In this Discussion, both ProIntermediaries and Advisors offer thorough questions you should be asking during your meeting with a business seller.
Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic.
