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Posting: 278571 | Available | 8/1/23
This is a book of business-only purchase opportunities that is very attractively priced to sell quickly. This is a great opportunity to purchase a quality book of business that will cash flow immediately, is a great investment, and is well suited to help start a profitable agency.
Asking Price
$145,000
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Posting: 278580 | Available | 8/1/23
This 20-year, 4.4 million dollar-established Allstate agency located in Decatur Alabama, consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life and financial services. The revenue was $520K in 2021 including a $116,669 bonus.
Asking Price
$1,150,000
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Posting: 278587 | Available | 8/1/23
This is a well-established agency in desirable and prosperous Westchester County; it has a very profitable loss ratio of 35% and an excellent retention ratio near 95%. The agency consists primarily of preferred auto/homeowners with a great opportunity to grow in cross-sales.
Asking Price
$1,100,000
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Posting: 278588 | Available | 8/1/23
This is an award-winning agency consisting of a preferred auto/homeowner customer base with high retention, a profitable loss ratio, and a loyal customer base. The agency is located in a professional business area in a highly desirable location in Northwest LA County.
Asking Price
$700,000
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Posting: 278589 | Available | 8/1/23
This is a rapidly growing start-up Agency, with additional revenue in non-Allstate products. This book currently qualifies for enhanced compensation for an additional 2 years. This attractive Agency is located in a very high-traffic area of Corona. There is an office space located in a strip mall.
Asking Price
$250,000
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Posting: 278681 | Available | 8/1/23
This is a well-established agency in desirable bustling Westchester County. The Agency Owner who is retiring, is a perennial Allstate Award Winner, with outstanding established customer relationships. The Auto book is 99.8 % preferred and the Property book is primarily Homeowners and Condos.
Asking Price
$1,020,000
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Posting: 278682 | Available | 8/1/23
This agency is located in Charlotte County, FL in the highly desirable and fast-growing SW FL area! This book of business is comprised of appx $1 million in Preferred Auto/Property premium, appx $191K Flood premium, and appx $1 million in Brokered Property premium with various companies.
Asking Price
$600,000
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Posting: 278684 | Available | 8/1/23
This established, turnkey, 15+ year Allstate Agency is located in the Bronx/Manhattan area of New York. This $4.5M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services.
Asking Price
$1,275,000
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Posting: 278686 | Available | 8/1/23
This is an established agency with a loyal customer base. It is located on a main intersection with high foot traffic and visibility. It is the only Allstate Agent in the 99502 zip code. The Agency consists of preferred auto and homeowner customers with high retention. It has astable renewal income.
Asking Price
$675,000
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Posting: 278688 | Available | 8/1/23
Motivated seller! This growing Farmers agency is located east of Atlanta, GA. The $1.5 million earned premium agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. Good potential to increase revenue.
Asking Price
$250,000
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Posting: 278690 | Available | 8/1/23
This is a very desirable location! Owning a Farmers Insurance Agency has been ranked as one of the best small business opportunities in America and there has never been a better time to invest in the insurance industry to get on the path to financial freedom.
Asking Price
$274,900
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Posting: 278691 | Available | 8/1/23
This is an established agency located in Fairbanks, AK. The agency is located in a high-traffic commercial area just off Airport Way, the main thoroughfare of Fairbanks, Alaska. It is a well-maintained, impressive office with excellent signage and visibility. Rent and lease rates are negotiable.
Asking Price
$1,299,000
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Posting: 278693 | Available | 8/1/23
This is a well-established Allstate agency located in majestic Asheville NC. This $3.867 million earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. Excellent retention.
Asking Price
$1,245,000
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Posting: 278694 | Available | 8/1/23
This is an established agency in a great High Point location. The agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. A low loss ratio has created a profitable book. This is a turnkey operation.
Asking Price
$980,000
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Posting: 278695 | Available | 8/1/23
This is a well-managed turnkey Allstate agency located in the Columbia, SC area. This well-established agency has approximately $3.45 million in earned premium that consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and other services.
Asking Price
$949,000
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Posting: 278697 | Available | 8/1/23
The office is located in a strip mall adjacent to a high-traffic major retailer (Walmart) on a very busy, major US Highway. It's one of the largest Allstate agencies in the state of Kentucky. This agency is almost entirely built on Property and Casualty insurance policies.
Asking Price
$689,000
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Posting: 278698 | Available | 8/1/23
For sale is a prime location in the Austin, Texas Georgetown area. Austin is one of the fastest-growing cities in the United States with all of its growth. This 2.4 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth.
Asking Price
$595,000
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Posting: 278699 | Available | 8/1/23
This is a well-managed, turnkey Allstate agency located in the dynamic city of Winston-Salem, NC. This second-generation family-run agency has approximately $5 million in earned premium that consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross sales.
Asking Price
$1,600,000
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Posting: 278700 | Available | 8/1/23
This is an awesome opportunity for the entrepreneur who wants to grow with the Enhance Commissions Agreement. This is one of the few agencies that have an ECP agreement. It has great potential to increase revenues. The owner is motivated to sell.
Asking Price
$106,355
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Posting: 278701 | Available | 8/1/23
This is a fast-growing agency in desirable Pembroke Pines. This agency has a tremendous opportunity to continue to grow its auto and property cross-sales as well as financial service products. Also, it is a great opportunity to earn monthly and annual bonuses. The retention is at 81.97%.
Asking Price
$900,000
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Posting: 278702 | Available | 8/1/23
This is a well-established, turnkey, 37-year legacy agency located in a convenient, desirable suburb of Philadelphia. It has a multigenerational customer base with excellent retention and loss ratios. Experienced, licensed staff are open to transition with the sale.
Asking Price
$2,100,000
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Posting: 278705 | Available | 8/1/23
An established 51-year family-run Allstate agency is located in one of the Greensboro area's great communities. This $3.5M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$890,000
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Posting: 278706 | Available | 8/1/23
This is an established $5,000,000-premium Allstate Agency in a prime location for 20+ years. It is a turnkey agency with trained staff who are both P+C and Life licensed. In addition to the commission, various bonus programs are available through Allstate that can boost revenue.
Asking Price
$1,310,000
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Posting: 278707 | Available | 8/1/23
This established agency is located in Rogers, in the heart of the beautiful Ozarks and one of the fastest-growing metro areas in the country. The agency consists of a preferred auto and homeowner customer base with excellent opportunities for growth in cross-selli as well as life/financial services.
Asking Price
$712,500
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Posting: 278842 | Available | 7/27/23
For sale is a well-established $2.7M Allstate agency with over 23 years in the same location. This is a turnkey agency in beautiful Corpus Christi on the Gulf Coast of Texas. The agency consists of a preferred auto and homeowner customer base with great retention and excellent opportunity.
Asking Price
$875,000
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Posting: 278337 | Available | 7/27/23
For sale is a well-managed turnkey Allstate agency located in the dynamic city of Winston Salem, NC. This second-generation family-run agency has approximately $5 million in earned premium that consists of a preferred auto/homeowner customer base with an excellent opportunity
Asking Price
$1,600,000
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Posting: 279389 | Available | 7/27/23
Well-established $3.7M Elite Allstate agency with over 12 years in the same location. This is a turnkey agency in Historic Charleston, SC! The agency consists of a preferred auto and homeowner customer base with great retention and excellent opportunity for growth.
Asking Price
$989,000
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Posting: 278631 | Available | 7/27/23
For sale is a well-established 23-year agency in beautiful Naples, FL; only minutes from the beach. It is well-managed with seasoned staff to transition to a new owner. It has almost $7 million in total premium that consists of a preferred auto/homeowner customer base with an excellent opportunity.
Asking Price
$1,994,000
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Posting: 279812 | Available | 4/21/24
This well-established award-winning Agency has been serving the Wilmington area since 1986. The office is located between several major cities on the East Coast and has a diverse population of many rich cultures and communities.
Asking Price
$680,000
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Posting: 278808 | Available | 4/21/24
The established 2-year agency is located in a desirable location. This 2.1 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth in cross sales as well as life/financial services.
Asking Price
$511,450
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Posting: 278573 | Available | 4/21/24
For sale is an established agency in Aiken County South Carolina with a great business climate. The agency has an excellent retention ratio of 90% + and a very profitable loss ratio. The agency consists of preferred auto/homeowners with a great opportunity to grow in cross-sales.
Asking Price
$833,000
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Posting: 280995 | Available | 5/31/23
This well-managed turnkey Allstate agency is located in the Columbia area of South Carolina. This agency offering has approximately $5.1 Million in combined earned premium plus brokered, which consists of a preferred auto/homeowner customer base with an excellent opportunity for growth
Asking Price
$995,000
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Posting: 278704 | Available | 7/27/23
This is a family-run Allstate agency located within a great community in the Louisville area. This $3.3M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$650,000
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Posting: 278680 | Available | 7/27/23
Established a 30-year-old turnkey agency located in Orlando, Florida. The area is primed for great growth opportunities. This $3.7M earned premium agency consistent with a preferred auto/homeowner customer base with the ability for growth in cross sales as well as life/financial services.
Asking Price
$795,000
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$74,360
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Posting: 281566 | Available | 8/19/23
For sale is a very popular property and casualty insurance agency franchise in a top northwest Broward location. Initial and ongoing training is offered by the franchisor. Brand recognition throughout South Florida creates a competitive advantage for this agency. This is a perfect opportunity.
Asking Price
$150,000
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Posting: 278699 | Available | 8/1/23
This is a well-managed, turnkey Allstate agency located in the dynamic city of Winston-Salem, NC. This second-generation family-run agency has approximately $5 million in earned premium that consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross sales.
Asking Price
$1,600,000
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Posting: 278700 | Available | 8/1/23
This is an awesome opportunity for the entrepreneur who wants to grow with the Enhance Commissions Agreement. This is one of the few agencies that have an ECP agreement. It has great potential to increase revenues. The owner is motivated to sell.
Asking Price
$106,355
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Posting: 278688 | Available | 8/1/23
Motivated seller! This growing Farmers agency is located east of Atlanta, GA. The $1.5 million earned premium agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. Good potential to increase revenue.
Asking Price
$250,000
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Posting: 278707 | Available | 8/1/23
This established agency is located in Rogers, in the heart of the beautiful Ozarks and one of the fastest-growing metro areas in the country. The agency consists of a preferred auto and homeowner customer base with excellent opportunities for growth in cross-selli as well as life/financial services.
Asking Price
$712,500
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$858,000
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Posting: 281032 | Available | 6/3/23
For sale is a great opportunity to purchase a large agency in the Port St. Lucie area. There is $5,900,000 of Allstate Premium and the remaining book is Brokered Property. They have an 82% retention rate and plenty of crossline sales potential.
Asking Price
$1,500,000
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Posting: 278701 | Available | 8/1/23
This is a fast-growing agency in desirable Pembroke Pines. This agency has a tremendous opportunity to continue to grow its auto and property cross-sales as well as financial service products. Also, it is a great opportunity to earn monthly and annual bonuses. The retention is at 81.97%.
Asking Price
$900,000
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Posting: 278684 | Available | 8/1/23
This established, turnkey, 15+ year Allstate Agency is located in the Bronx/Manhattan area of New York. This $4.5M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services.
Asking Price
$1,275,000
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Posting: 278681 | Available | 8/1/23
This is a well-established agency in desirable bustling Westchester County. The Agency Owner who is retiring, is a perennial Allstate Award Winner, with outstanding established customer relationships. The Auto book is 99.8 % preferred and the Property book is primarily Homeowners and Condos.
Asking Price
$1,020,000
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$177,613
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$648,954
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Posting: 284612 | Available | 4/4/24
This is a profitable, reputable public adjusting firm dedicated to assisting insured policyholders through the complex insurance claims process. The company provides expert guidance and support during property loss situations.
Asking Price
$599,000
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Posting: 278694 | Available | 8/1/23
This is an established agency in a great High Point location. The agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. A low loss ratio has created a profitable book. This is a turnkey operation.
Asking Price
$980,000
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Posting: 278678 | Available | 7/27/23
This is a great opportunity to own a profitable agency in one of the most desirable areas in the country - Naples, FL This $5.1 million turn-key agency is comprised of appx. $2.6 million Allstate premium, $2.4 million Brokered Property premium and $135K Flood premium.
Asking Price
$1,500,000
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Posting: 278690 | Available | 8/1/23
This is a very desirable location! Owning a Farmers Insurance Agency has been ranked as one of the best small business opportunities in America and there has never been a better time to invest in the insurance industry to get on the path to financial freedom.
Asking Price
$274,900
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Posting: 278693 | Available | 8/1/23
This is a well-established Allstate agency located in majestic Asheville NC. This $3.867 million earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. Excellent retention.
Asking Price
$1,245,000
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Posting: 278571 | Available | 8/1/23
This is a book of business-only purchase opportunities that is very attractively priced to sell quickly. This is a great opportunity to purchase a quality book of business that will cash flow immediately, is a great investment, and is well suited to help start a profitable agency.
Asking Price
$145,000
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Posting: 278589 | Available | 8/1/23
This is a rapidly growing start-up Agency, with additional revenue in non-Allstate products. This book currently qualifies for enhanced compensation for an additional 2 years. This attractive Agency is located in a very high-traffic area of Corona. There is an office space located in a strip mall.
Asking Price
$250,000
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Posting: 285285 | Available | 2/21/24
Agent is going to retire, opportunity for new owner to take advantage and build renewal income. Allstate premium is $2,800,000 the rest is Brokered Property and Allstate flood. The Allstate premium is 80% Auto with an 87% Retention Ratio. Revenue above includes $90,000 in bonus payout.
Asking Price
$1,500,000
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Posting: 278695 | Available | 8/1/23
This is a well-managed turnkey Allstate agency located in the Columbia, SC area. This well-established agency has approximately $3.45 million in earned premium that consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and other services.
Asking Price
$949,000
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Posting: 278583 | Available | 7/26/23
For sale is a well-established 13-year agency, in beautiful Fairfield County, CT; only minutes from the beach, nestled between Bridgeport and New Haven. It has a good retention rate and losses. It is located in a very active community shopping area. It is well-managed, seasoned staff to transition.
Asking Price
$553,000
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Posting: 278631 | Available | 7/27/23
For sale is a well-established 23-year agency in beautiful Naples, FL; only minutes from the beach. It is well-managed with seasoned staff to transition to a new owner. It has almost $7 million in total premium that consists of a preferred auto/homeowner customer base with an excellent opportunity.
Asking Price
$1,994,000
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Posting: 281035 | Available | 4/11/24
This is one of the best agencies in the SWFL area and located in one of the highest growth areas of the country Naples, FL This book of business is priced to sale and comprised of approximately $6 million in Preferred Auto/Property premium and approximately $6 million in Brokered Property premium.
Asking Price
$4,100,000
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Posting: 278980 | Available | 7/27/23
Established a $1 million agency in beautiful Odenton, MD; just 20 minutes south of BWI airport and less than one hour away from D.C! The agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$241,000
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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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
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
I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
ServingNationwide
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
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
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.
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.
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.
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.
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.
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.
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!
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.
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.
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.
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.
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.
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.
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.
Peter Siegel, MBA discusses buyers who want to buy a business or franchise know about asking the seller to provide part of the financing with a carry-back note. Many business buyers need some cash to help fund the down payment and for working capital. Here are four ideas about how to get that money.
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.
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.
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.
Selling a business is hard enough but using the wrong word, text, and strategy can really delay or outright kill a campaign to sell a small business successfully. Peter Siegel, MBA Founder of BizBen.com shares what words, phrases, and strategies work (and not) when selling a small business online.
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.
