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
$266,112
Revenue
Call/Email
Down
Call/Email
Posting: 282643 | Available | 12/29/23
This is a highly profitable and turn-key dry cleaner located in the busy street front of the West Los Angeles area. It's a short distance drive the famous Santa Monica Beach. Ownership has been there over the past 16-plus years. It is a hands-on operation.
Asking Price
$660,000
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
$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
$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
$67,200
Revenue
$276,000
Down
Cash
Posting: 283552 | Available | 10/26/23
Located inside a huge shopping center with plenty of parking and traffic. Fully equipped dry cleaner plant. Reasonable rent. Reasonable asking price. Room to improve the business.
Asking Price
$149,000
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
$84,000
Revenue
$240,000
Down
$129,000
Posting: 283373 | Available | 10/16/23
If you like the high quality of service for the dry cleaning, this is the place and this is the perfect place for the dry cleaner with ample parking. The seller is very motivated and ready to move to a different venture. Don't miss out on this great opportunity.
Asking Price
$129,000
Cash flow
$84,000
Revenue
$228,000
Down
Call/Email
Posting: 235794 | Available | 10/14/23
For sale is a dry cleaner that is an excellent opportunity for an aggressive owner-operator to take over this well-established and outstanding business and take it to the next level. It has a hydrocarbon machine and is in a good location with well-established systems. Just reduced the price !!
Asking Price
$129,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283156 | Available | 10/2/23
This is a long and well established dry cleaner with a shirt unit in Mid Town Sacramento. There is well mixed residential and commercial in the area. Business was down in during the Covid 19 time, but gradually business is picking up. The ceaners did much and over $330,000 in the past before.
Asking Price
$230,000
Cash flow
$150,000
Revenue
$348,000
Down
Call/Email
Posting: 282953 | Available | 9/21/23
Well-established Dry-Cleaning business located in a high-traffic shopping center on the busiest street in the city. This is an opportunity to own a dry cleaner storefront as well as a 2nd drop-off plant location in the next city over. 5 employees total, including the owner who runs the store. on a
Asking Price
$350,000
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
$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
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
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
Call/Email
Revenue
$240,500
Down
Call/Email
Posting: 280564 | Available | 5/3/23
Super White Cleaners is a full-service Dry Cleaner and fluff & fold laundry service. Located in a busy shopping center anchored by Smart & Final.
Asking Price
$190,000
Cash flow
Call/Email
Revenue
$240,000
Down
$90,000
Posting: 279488 | Available | 3/6/23
Owner absentee operation. Clean book & records. The business has been for 19 years since the year 2004. In the shopping center. Located next to a grocery supermarket (National chain).Fully equipped. Hydrocarbon dry cleaner machine.
Asking Price
$90,000
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
$72,000
Revenue
$216,000
Down
Call / Email
Posting: 277048 | Available | 1/12/23
Well established and located in the upscale neighborhood of Beverly Hills, LA County. Fully equipped. Alteration & Laundry services are offered. 2000sf store size
Asking Price
$129,000
Cash flow
Call / Email
Revenue
Call / Email
Down
Call / Email
Posting: 274978 | Available | 11/29/22
5 stars review dry cleaner agency for sale in South San Jose on a shopping plaza. It is owner-operated with great service, they offer dry cleaning, wash & fold, and in-house alterations. The lease amount is $3,400 which covers water, garbage, and CAM charges. There is approximately 1,000 sq ft.
Asking Price
$85,000
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
$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
$60,000
Revenue
$156,000
Down
Ask
Posting: 268736 | Available | 7/24/21
The current owner has been running this outstanding business for 25 years and is ready to retire. This is a great opportunity for an aggressive owner operator to take over this well organized cleaner and take it to the next level. This cleaner has an outstanding reputation. Loyal clients.
Asking Price
$125,000
Cash flow
$70,000
Revenue
$240,000
Down
Call / Email
Posting: 258045 | Available | 4/2/21
Well established Business in Safe Area. Stable Income. Affluent neighbors. Owner works 35 hours per week.
Asking Price
$230,000
Cash flow
$240,000
Revenue
$450,000
Down
Call
Posting: 258308 | Available | 10/20/20
Same owner has been running for 11 years, 1500 sq. ft., 5yrs lease, Rent $4,800 included cam. 2-3 employees. Net income $20,000+ monthly. Mon-Fri. 7 to 7, Sat. 9 to 5, Gross monthly $40,000 + per month. No competition and great surroundings. All machines very good condition. POS cash register.
Asking Price
$520,000
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
$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
Call/Email
Revenue
$240,000
Down
$90,000
Posting: 279488 | Available | 3/6/23
Owner absentee operation. Clean book & records. The business has been for 19 years since the year 2004. In the shopping center. Located next to a grocery supermarket (National chain).Fully equipped. Hydrocarbon dry cleaner machine.
Asking Price
$90,000
Cash flow
$67,200
Revenue
$138,000
Down
$60,000
Posting: 284941 | Available | 1/31/24
Explore an excellent business opportunity with this well-established dry cleaner plant situated in a bustling shopping center. Operating from 8 am to 7 pm on weekdays and 9 am to 4 pm on Saturdays, the business has been successfully running for approximately 40 years.
Asking Price
$60,000
Cash flow
$84,000
Revenue
$228,000
Down
Call/Email
Posting: 235794 | Available | 10/14/23
For sale is a dry cleaner that is an excellent opportunity for an aggressive owner-operator to take over this well-established and outstanding business and take it to the next level. It has a hydrocarbon machine and is in a good location with well-established systems. Just reduced the price !!
Asking Price
$129,000
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
$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
$150,000
Revenue
$348,000
Down
Call/Email
Posting: 282953 | Available | 9/21/23
Well-established Dry-Cleaning business located in a high-traffic shopping center on the busiest street in the city. This is an opportunity to own a dry cleaner storefront as well as a 2nd drop-off plant location in the next city over. 5 employees total, including the owner who runs the store. on a
Asking Price
$350,000
Cash flow
$266,112
Revenue
Call/Email
Down
Call/Email
Posting: 282643 | Available | 12/29/23
This is a highly profitable and turn-key dry cleaner located in the busy street front of the West Los Angeles area. It's a short distance drive the famous Santa Monica Beach. Ownership has been there over the past 16-plus years. It is a hands-on operation.
Asking Price
$660,000
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
$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
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: 283156 | Available | 10/2/23
This is a long and well established dry cleaner with a shirt unit in Mid Town Sacramento. There is well mixed residential and commercial in the area. Business was down in during the Covid 19 time, but gradually business is picking up. The ceaners did much and over $330,000 in the past before.
Asking Price
$230,000
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
$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
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
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
$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
$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
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
$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
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
$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
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
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
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
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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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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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
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
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.
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.
