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
$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
$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
$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 | 5/13/24
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
$175,000
Revenue
$525,000
Down
$300,000
Posting: 276123 | Available | 5/11/24
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
$84,000
Revenue
$228,000
Down
Call/Email
Posting: 235794 | Available | 4/29/24
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
$179,000
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
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283560 | Available | 5/2/24
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
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
$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
$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
$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
$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
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 274978 | Available | 4/28/24
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
$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
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
$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
$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
$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
Call/Email
Revenue
$255,000
Down
$299,000
Posting: 286518 | Available | 5/10/24
This dry cleaner with a plant long established in Silverlake is available. It is situated in an extremely heavy foot traffic plaza where customers walk in every five minutes. The Drycleaning Hydrocarbon Machine, which has no perks, is only two years old and is of Italian make, Union brand.
Asking Price
$299,000
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
$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
$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
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
$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
$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
$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
$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
$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
$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
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
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.
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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
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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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
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.
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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.
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.
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.
Many times when buying a business there are reasons why buying stock or buying assets is the better business decision. We explore these options on the BizBen Blog Post of which option may be better depending on the circumstances of the buyer (and seller) involved in the transaction taking place.
Many business owners fail to maximize their business' value because they don't have a proper strategy in place to do so. Failure to maximize your businesses value will make it harder to attract the most qualified buyers. Have a plan that ensures your business is as attractive & valuable as possible.
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.
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.
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.
Depending on the type of business being sold, a month-to-month situation can be severely detrimental to the value of the business. Peter Siegel, MBA Founder of BizBen (and Lead Facilitator at BizBen) explores the issue of month to month leases in this blog/article.
Throughout the recession, it was very difficult to get approved for business purchase financing. If you are considering incorporating some alternative funding sources in your next small business acquisition, here is what you need to know to protect yourself and your investment.
Using an earn out can benefit both buyer & seller of a business purchase. A recent question by a buyer in the BizBen ProBuy Program about the best way to structure a business earn out prompted me to ask a panel of BizBen Resources how they would deal with the buyers question on earn out structures.
In this month's Business Buyer survey for BizBen.com, we asked participants in our ProBuy Program and 250 other random business buyers what they look for and avoid when looking at a business for sale postings online. Of the 20 potential posting characteristics we asked about, 8 stood out.
In my opinion and experience, an LOI may very well be appropriate for lower middle market transactions of $5,000,000 or more; but, for deals less than that an Asset Purchase Agreement ("APA") with contingencies on the actions of the buyer (and seller) is much more efficient and effective.
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.
80% of all California business buyers never end up buying a business! Many factors contribute to this statistic, but by following the points below and utilizing the ProBuy Method of buying a business you should be successful in locating a business that interests you and completing the transaction!
You have a strong entrepreneurial spirit. You know you want to be a small business owner. Now what? Do you buy an existing business or start one from scratch? An existing business can save a lot of time and effort. I will share with you some of the advantages of buying an existing business.
Showing your business when selling is one of the most important steps in the sale process & how it is done will greatly affect the selling price. There are two areas to be concerned with, how the business looks & how you react to the prospective buyer.
Should business opportunity offering include the real estate? There are no right or wrong answers to the question about whether the seller of a business should include the real property, or sell the company only and continue on as the landlord/lady. Peter Siegel With BizBen.com explores this issue.
There are many myths associated with the process of selling a small business and some of them can actually cause deals to fall through. Don't let your sale be compromised, be aware of these common misconceptions related to the process of selling. Peter Siegel, MBA with BizBen explores this topic.
Demonstrating sufficient cash flow to cover a business acquisition loan is key to getting a lender's approval. But buyer must be knowledgeable. Support a business acquisition loan with the target company's cash flow. And know how to determine the actual cash flow amount. Peter Siegel, MBA explains.
First the dreaded statistic: 80% of all business buyers looking to buy a small business never end up doing so! Peter Siegel, MBA BizBen.com Founder & ProBuy Director) covers successful tactics & strategies all business buyers of small to mid-sized businesses should utilize now to buy a business.
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!
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.
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.
