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
$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
$279,999
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
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
$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
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
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
$180,000
Revenue
$370,000
Down
$249,900
Posting: 280485 | Available | 3/21/24
For sale is a family-run dry cleaner that has established relationships with many corporations and casinos. This is a franchise that has no expense. There are no fees whatsoever (I.E. Royalties franchise fees etc.). It was established in 1988 and under present ownership since 2001.
Asking Price
$249,900
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285757 | Available | 3/21/24
For sale is an established laundry business with 60 years of tradition. It is a standalone business with ample parking space behind the laundry and public parking available in the front and back of the building.
Asking Price
$100,000
Cash flow
$132,000
Revenue
$288,000
Down
Call/Email
Posting: 282167 | Available | 3/21/24
If you like the high quality of service for the dry cleaning, this is the place and this is the perfect location for the dry cleaner. This is one of the best dry cleaners in the area and this is well established and well organized dry cleaner and the sales keep going up now.
Asking Price
$139,000
Cash flow
$130,236
Revenue
$697,428
Down
$599,900
Posting: 281402 | Available | 3/19/24
This well-established multi-store cleaner has been in operation since 1989. They are providing dry cleaning, laundry, and alteration services, approximately 40% of revenue is now derived from their pick-up and delivery route program. Revenue has returned to pre-pandemic levels (2019).
Asking Price
$599,900
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283660 | Available | 3/18/24
For sale is a dry cleaners with a fully equipped dry cleaner plant, and is located in a huge shopping center with plenty of parking and traffic coming through. This location has a great reputation, uses a green earth drying system process, and is AQMD-free.
Asking Price
$249,000
Cash flow
$130,000
Revenue
$700,000
Down
Cash Only
Posting: 285446 | Available | 3/1/24
Introducing a well-established wholesale dry cleaner & shirt plant located in North Orange County. It is located in the large major shopping center area, the cleaner is open for 5 and half days. It is easily run and an experienced manager runs the business with tens of full time employees.
Asking Price
$279,000
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
$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
$90,623
Revenue
$233,152
Down
$69,000
Posting: 283478 | Available | 2/8/24
Looking to be your own boss? Here's a golden opportunity to step into a thriving dry-cleaning business in the heart of Huntington Beach, California! It is located in a prime retail shopping center with high foot traffic and excellent shops. They have a long-established customer base.
Asking Price
$269,000
Cash flow
$80,400
Revenue
$216,000
Down
$70,000
Posting: 278073 | Available | 2/3/24
For sale is a fully-equipped dry cleaner in a shopping center. The owners want to retire. This location has been well-known to neighbors. There are 2 part-time employees and a 1,600 sq ft. Hydro Carbon. They have steady gross and net profits, clean books, and records. No environmental issues.
Asking Price
$70,000
Cash flow
$92,628
Revenue
$216,000
Down
$130,000
Posting: 284992 | Available | 2/3/24
A well-established laundromat, in operation for 20 years, is now for sale with a motivated seller (1 year). Located in a busy shopping center surrounded by single-family residences (SFR), this business benefits from a lack of competition in the area.
Asking Price
$130,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281262 | Available | 2/1/24
Price dropped to sell quick. For sale is a great mom-and-pop-run dry cleaner located in a major shopping center. Are you the one looking for something to break away from the 9 to 5 job and be ready to own your own business? This dry cleaner will be a great opportunity.
Asking Price
$75,000
Cash flow
$175,000
Revenue
$525,000
Down
$300,000
Posting: 276123 | Available | 5/5/24
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
$170,000
Revenue
$470,000
Down
$530,000
Posting: 285555 | Available | 5/7/24
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
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284106 | Available | 5/8/24
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
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
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
$90,000
Revenue
$372,000
Down
65,000+SBA Loan
Posting: 281600 | Available | 12/18/23
For sale is a fully equipped dry-cleaning plant (employee-run) that is next to a national-brand grocery supermarket in a busy shopping center. McDonald's and IHop are close by. The seller has been working since 2015. This can be run as absentee. Security cameras are installed.
Asking Price
$219,000
Cash flow
$130,000
Revenue
$700,000
Down
Cash Only
Posting: 285446 | Available | 3/1/24
Introducing a well-established wholesale dry cleaner & shirt plant located in North Orange County. It is located in the large major shopping center area, the cleaner is open for 5 and half days. It is easily run and an experienced manager runs the business with tens of full time employees.
Asking Price
$279,000
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
$240,000
Revenue
$576,000
Down
$558,000
Posting: 284666 | Available | 5/2/24
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
$80,400
Revenue
$216,000
Down
$70,000
Posting: 278073 | Available | 2/3/24
For sale is a fully-equipped dry cleaner in a shopping center. The owners want to retire. This location has been well-known to neighbors. There are 2 part-time employees and a 1,600 sq ft. Hydro Carbon. They have steady gross and net profits, clean books, and records. No environmental issues.
Asking Price
$70,000
Cash flow
$100,000
Revenue
$250,000
Down
Call/Email
Posting: 284420 | Available | 12/26/23
This cleaner is located in a residential area. The store has a big potentiality because the surrounding area has a university and new apartments will be built around the store. The owner is motivated to sell!
Asking Price
$125,000
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
$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
$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
$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
Call/Email
Down
Call/Email
Posting: 281262 | Available | 2/1/24
Price dropped to sell quick. For sale is a great mom-and-pop-run dry cleaner located in a major shopping center. Are you the one looking for something to break away from the 9 to 5 job and be ready to own your own business? This dry cleaner will be a great opportunity.
Asking Price
$75,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283660 | Available | 3/18/24
For sale is a dry cleaners with a fully equipped dry cleaner plant, and is located in a huge shopping center with plenty of parking and traffic coming through. This location has a great reputation, uses a green earth drying system process, and is AQMD-free.
Asking Price
$249,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284508 | Available | 1/4/24
Established for more than 35 years in the same prime corner location of a prominent shopping center, this dry-cleaning plant has built an excellent reputation in the local community for dependable top-class service for all your dry-cleaning needs.
Asking Price
$95,000
Cash flow
$180,000
Revenue
$370,000
Down
$249,900
Posting: 280485 | Available | 3/21/24
For sale is a family-run dry cleaner that has established relationships with many corporations and casinos. This is a franchise that has no expense. There are no fees whatsoever (I.E. Royalties franchise fees etc.). It was established in 1988 and under present ownership since 2001.
Asking Price
$249,900
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 276702 | Available | 5/4/24
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
$120,000
Revenue
240,000 to 260,000
Down
$180,000
Posting: 276777 | Available | 10/10/22
Great location in a busy shopping centre with Starbucks, See's Candies, Denny's, Chase Bank, Sprouts market, and Coming soon a Target store. The current owner had this business since 1991 with an affluent neighbour. They have been in the dry cleaning business for 31year. The owner wants to retire.
Asking Price
$240,000
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
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: 285757 | Available | 3/21/24
For sale is an established laundry business with 60 years of tradition. It is a standalone business with ample parking space behind the laundry and public parking available in the front and back of the building.
Asking Price
$100,000
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
$90,623
Revenue
$233,152
Down
$69,000
Posting: 283478 | Available | 2/8/24
Looking to be your own boss? Here's a golden opportunity to step into a thriving dry-cleaning business in the heart of Huntington Beach, California! It is located in a prime retail shopping center with high foot traffic and excellent shops. They have a long-established customer base.
Asking Price
$269,000
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
$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
I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
ServingNationwide - All Areas
For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
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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
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
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
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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.
ServingSouthern California
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
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.
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.
A business buyer in the BizBen ProBuy Program asks how to handle the inventory amount in the purchase price of a business. Other questions answered in this article: Do you add the inventory value to the business value? Should the owner be expected to take back a note for the value of the inventory?
When seeking large SBA business acquisition financing loans, it helps to review seller's add backs (cash flow analysis) as a source of funding to service the debt. Peter Siegel, MBA - SBALoanAdvisors.com Founder covers this specific topic for business buyers, owner/sellers, agents, business brokers.
The idea to have a buying a business checklist follows the adage that it's always useful to start with a plan when searching to buy a small business for sale. Peter Siegel, MBA Founder of BizBen.com and top advisor of the BizBen ProBuy Program suggests six items for all business buyers to utilize.
An often overlooked aspect of selling (or buying) a small business is taking back-up offers during the entire process of selling (or buying) a business. Most sellers (or buyers) don't realize that over fifty percent of all deals/contracts fall out escrow or contract for one reason or another.
The key to finding the ideal business broker or agent and selling a small business is asking the right questions and getting the right answers back! Peter Siegel, MBA with BizBen & several top business brokers and agents in California (ProIntermediaries) contribute to this topic to assist sellers.
The latest BizBen.com survey of Business Brokers and Agents outlined what it takes to be a top ten percent performer in the business brokerage industry. From good communication to utilizing your resources, these traits are something to take note of and put into practice to be successful.
What is your goal in 5 years? Do you want to become a business owner? Buying a business can be an exciting, safe opportunity to gain financial freedom. But how to buy the right business? This article will walk you through the process of buying a business.
Buying a small to mid-sized business can be a confusing and/or frustrating process for many buyers. Statistics show that over 80% of all buyers never end up buying a business. The ProBuy Program assists potential buyers with the process of finding, evaluating & buying a small to mid-sized business.
Only 30% of all small businesses for sale that are put on the market overall are sold! A surprising statistic to most business owners, agents, and brokers trying to sell a small business! If however you follow the strategies (BizBen Protocol Method) in this blog post you should see success!
Peter Siegel, MBA - BizBen.com & SBALoanAdvisors.com Founder discusses the difference between a hands on owner and an absentee owner. It covers why someone would want to be an absentee owner and then goes on to discuss the pros and cons of buying an absentee run small to mid-sized business.
As an Advisor On BizBen I talk to many California business owners, business buyers, brokers, and agents on a daily basis about valuing California small to mid-sized businesses. Many key factors go into this analysis including market demand, history of earnings, and even how the deal is structured.
Peter Siegel, MBA - Lead Advisor with the BizBen.com ProSell Program discusses critical steps to prepare a small to mid-sized business including: which documents will be needed, key advisors to have involved, pricing the business, and how to attract the right business buyers to your listing.
One of the most difficult challenges when purchasing a small business is expressed by this prospective buyer of a liquor store who is told by the seller that there is more money being made than shows up on the books. Should the buyer accept that statement by the seller & go ahead with the purchase?
Buyers search for an absentee business, wanting to collect profits generated by a successful enterprise without having to stand at the sales counter or cash register, without having to cook, operate equipment or talk to customers. Peter Siegel, MBA offers his intake on absentee run businesses.
Peter Siegel, MBA - BizBen Founder & Director of the ProBuy/ProSell Programs explores why earnest money deposits when opening escrow (and bulk sale) serve several important purposes when buying or selling a small business in California. For Buyers not offering a realistic deposit may be a problem.
Successful sellers of small businesses need a game plan to sell their California small business for maximum price and for the best terms. Peter Siegel, MBA discusses these seller strategies with BizBen Blog readers based on his experience as the lead Advisor with the ProSell Program on BizBen.com.
Being an Entrepreneur has its perks, it can also be challenging. You need to make sure you're ready for the challenge. Here's a list of 10 important questions to get you started when buying a business. Peter Siegel, MBA (BizBen Founder) reviews this topic for business buyers of small businesses.
Often business buyers actions cause a deal to tank but they never know why. Peter Siegel with the BizBen ProBuy Program discusses what mistakes business buyers make in the search process to buy a business with some of the best business brokers and recent sellers on BizBen about this topic.
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.
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.
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.
Since most people who want to acquire a business for sale spend their time and energy responding to ads, it's no wonder that a majority never find a company they want to buy. Meanwhile, proactive buyers "push" their requirements and qualifications to purchase, and attract owners ready to sell.
Telling potential business buyers about unreported income could come back and bite you if not careful. It's best to be honest when dealing with business buyers but you should also highlight what's reported in the tax returns and what cash may be seen "between the lines".
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.
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.
