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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: 278634 | Available | 7/27/23
For sale is an established 35-year Allstate Agency in Beautiful Rock Hill, SC - near bustling Charlotte, NC. This $3.5M 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
$799,000
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Posting: 278397 | Available | 7/27/23
For sale is an established award-winning $4.6M Allstate agency. It is located in the metropolitan area bordering the Hudson River. This turnkey agency is highly regarded in the community and consists of a preferred auto/homeowner customer base with an excellent opportunity for growth.
Asking Price
$985,000
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Posting: 278675 | Available | 7/27/23
Well-Established Agency in desirable and prosperous Westchester County; has a very profitable Loss Ratio of 32% and a good Retention Ratio. The Agency consists primarily of preferred auto/homeowners with a great opportunity to grow in cross sales, as well as life and financial services.
Asking Price
$285,000
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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: 278679 | Available | 7/27/23
For sale is an established, $1.5 million ECP agency in dynamic and growing St. Peters, MO, just outside of St. Louis. 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
$249,000
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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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Posting: 278685 | Available | 7/27/23
This is an established agency located in the expanding five-mile area of Northside Spokane, WA. The office is extremely well-maintained and has excellent signage and visibility. The agency consists of preferred auto and homeowner customers with high retention and a loyal customer base.
Asking Price
$598,000
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Posting: 278696 | Available | 7/27/23
Established Allstate Agency located in Shreveport, Caddo Parish, LA. In business ten years. Seller financing is available.
Asking Price
$167,028
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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: 278708 | Available | 7/27/23
This is one of the few Allstate-enhanced compensation agencies available in this area. Allstate has been in this location for 20 years. Retention at 85.60% is very high for an ECP agency and has a very profitable loss ratio of 45.69%.
Asking Price
$320,000
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Posting: 278710 | Available | 7/27/23
Well-established $5.8M+ 28-year agency with 22 yrs in this same location! Located in growing Mebane, NC (between the city centers of Raleigh and Greensboro). The agency is process-driven and will be seamless in the transition for the next owner.
Asking Price
$1,160,000
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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
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Posting: 278741 | Available | 7/27/23
Allstate Insurance Agency in beautiful downtown McDonough, Georgia, in business since 2008 - 14 years.
Asking Price
$425,000
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Posting: 278565 | Available | 7/26/23
For sale is an established 7-year Allstate Agency in rapidly growing Greer, SC, just outside of Spartanburg. This $2.74m 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
$576,000
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Posting: 278582 | Available | 7/26/23
For sale is an Allstate Insurance agency located in sunny Fort Lauderdale, FL. It has been in business for 5 years at this location. There are currently 2 staff workers. Bank financing lenders are available. Seller financing is also available. There is a location available.
Asking Price
$1,150,000
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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: 278584 | Available | 7/26/23
For sale is a well-established Allstate insurance agency in Largo, Florida (33770). There is a location available but the financial reports, rent/lease, and photos are only available with an NDA. They have been in business for 8 years with 4 people on staff. F&E is available.
Asking Price
$1,500,000
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Posting: 278586 | Available | 7/26/23
At the wonderful village on the Erie Canal, 20 miles west of Rochester, home of SUNY State University of New York, there is a well-established agency located on the historic main street in Brockport. They have great customer loyalty with a preferred auto and home customer base.
Asking Price
$1,220,000
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$1,000,000
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$2,250,000
Posting: 281712 | Available | 7/19/23
P&C & Benefits Los Angeles County, LA#120660. Independent Movable Agency/Book In Business For Over 20 Years. Focused On P&C & Benefits. 55% P&C 45% Benefits (Mostly Individual Health) Paperless.
Asking Price
$2,250,000
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Posting: 280525 | Available | 6/27/23
For sale is a great opportunity to purchase a large agency in Fort Lauderdale. $4,800,000 of Allstate Premium the remaining is Brokered Property. They have an 86% retention rate and crossline sale potential. If you are an aggressive individual, this is the agency you are looking to purchase.
Asking Price
$1,250,000
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Posting: 280428 | Available | 6/27/23
For sale is an Allstate insurance agency in that has been in business for 19 years. It is located in Sarasota, Florida (34232) and the rent/lease terms + rate are available with an NDA. F&E is available. There will be location photos and current agency staffing available with a signed NDA.
Asking Price
$4,000,000
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$507,000
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Posting: 281085 | Available | 6/6/23
This established, diversified independent agency, appointed by top P&C, Standard and Non-Standard, Auto, Health, and Home Carriers, is offering its Agency or Book of Business. Of the 2700 policies, the P&C distribution is approximately Homeowners -25%, Auto -70%, Commercial -5%, and Healthcare.
Asking Price
$3,100,000
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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: 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: 280659 | Available | 5/11/23
The only Allstate in Haughton; this 27-year, well-established $3.3M agency is located 20 mins East of Shreveport. This turnkey agency is highly regarded in the community and consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales.
Asking Price
$811,000
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$600,000
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Posting: 265861 | Available | 6/8/22
This is a California based company that fills a unique niche providing customizable and highly-vetted medical provider networks for Group Health and Workers Comp payers. Three partners formed the Company in 2011, and one wishes to retire. The partners are looking to sell part or all of the Co.
Asking Price
$3,200,000
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Posting: 279812 | Available | 4/28/24
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 | 4/28/24
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 | 4/28/24
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: 283650 | Available | 11/1/23
For sale is a well-established 20-year agency in Milford, Ohio, which is right outside of Cincinnati. It is only minutes from a major shopping center with plenty of visibility from the main street. It is well-managed, seasoned staff to likely transition to a new owner. It is approximately $6.5m.
Asking Price
$2,500,000
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Posting: 278708 | Available | 7/27/23
This is one of the few Allstate-enhanced compensation agencies available in this area. Allstate has been in this location for 20 years. Retention at 85.60% is very high for an ECP agency and has a very profitable loss ratio of 45.69%.
Asking Price
$320,000
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Posting: 280401 | Available | 10/3/23
For sale is a long-established (30+ years) Allstate agency, with 21 in the same location in Downtown Franklin, VA on the busiest street in town. The book 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
$637,000
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Posting: 283462 | Available | 10/20/23
The established agency is located in a well-founded area in Concord, NH. This $5.1M earned premium agency consistent with a preferred auto/homeowner customer base with excellent opportunity for growth in cross sales as well as life/financial services. Great potential to increase revenues.
Asking Price
$1,600,000
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$177,613
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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: 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: 278634 | Available | 7/27/23
For sale is an established 35-year Allstate Agency in Beautiful Rock Hill, SC - near bustling Charlotte, NC. This $3.5M 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
$799,000
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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: 280428 | Available | 6/27/23
For sale is an Allstate insurance agency in that has been in business for 19 years. It is located in Sarasota, Florida (34232) and the rent/lease terms + rate are available with an NDA. F&E is available. There will be location photos and current agency staffing available with a signed NDA.
Asking Price
$4,000,000
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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: 284354 | Available | 12/19/23
This is a great opportunity to own your own Allstate Insurance Agency. The retention rate is 86.85% The premium growth was 18% so far this year and loss ratio is a profitable 54%. If you are looking for an opportunity in a growing business with unlimited potential, please contact us.
Asking Price
$950,000
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Posting: 278582 | Available | 7/26/23
For sale is an Allstate Insurance agency located in sunny Fort Lauderdale, FL. It has been in business for 5 years at this location. There are currently 2 staff workers. Bank financing lenders are available. Seller financing is also available. There is a location available.
Asking Price
$1,150,000
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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: 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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Posting: 283649 | Available | 11/1/23
For sale is a well-established pro-tier Allstate agency, with 4 years in the same location. It is located just off a main road in Columbia, SC; the book consists of a preferred auto/homeowner customer base with excellent opportunities for growth in cross-sales as well as life/financial services.
Asking Price
$297,000
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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: 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: 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: 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: 278586 | Available | 7/26/23
At the wonderful village on the Erie Canal, 20 miles west of Rochester, home of SUNY State University of New York, there is a well-established agency located on the historic main street in Brockport. They have great customer loyalty with a preferred auto and home customer base.
Asking Price
$1,220,000
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Posting: 283861 | Available | 11/15/23
This is a great opportunity to purchase an Agency in beautiful Saint Petersburg FL. This top-producing elite agency has a well-trained and licensed staff who all work remotely. The agency is on pace to add $500,000 in premiums this year. The loss ratio is 48.78% and auto retention is 87.19%.
Asking Price
$1,650,000
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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: 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: 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: 286324 | Available | 4/29/24
For sale is a well-managed turnkey Allstate agency located in the dynamic city of Bend, Oregon. This agency has approximately $3.4 Million including brokered book Million in earned premium with excellent opportunity for growth in cross sales as well as life/financial services.
Asking Price
$899,000
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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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingSouthern 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.
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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
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
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.
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.
After investing years of time and talent into a company, many small business owners want to feel like they are leaving their business in good hands and for that reason, some sellers opt to sell their business to an employee. Let's talk about the pros and cons to taking this route.
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 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.
You've found your dream business. You've called/emailed/texted the broker or owner; you've tried to reach out again via phone/email/text. However you're not getting a response and it's getting frustrating. How to get brokers/owners to return your calls/emails/texts - what key strategies to utilize.
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.
There are companies who specialize in purchasing Business Notes (of course at a discount). You can sell all or part of your note. Peter Siegel, MBA BizBen Founder and ProBuy & ProSell Lead discusses this entire process in his latest article on selling your business note after you sell your business.
A question sellers ask: how do I sell my business without getting sued, isn't a subject just for discussions with lawyers. A seller can take some precautions to reduce potential legal problems. Peter Siegel, MBA Founder Of BizBen and BizBen.com's ProBuy and ProSell Programs discusses this topic.
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 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.
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.
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!
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.
The unfortunate truth is that approximately 50% of all small business sales transactions fall through. While failed transactions can happen for a variety of reasons, Peter Siegel, MBA (BizBen Founder & Lead Advisor) discusses the most common reason deals fall through; unrealistic asking prices.
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.
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.
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.
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.
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.
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.
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.
Avoiding the obvious mistakes when selling a small business is important if you want to sell your business. Peter Siegel, Director of BizBen and the BizBen ProSell Program discusses what fatal mistakes business owners should avoid when selling their small to mid-sized California business.
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.
