Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 282743 | Available | 7/25/24
This is a freestanding building of a Korean restaurant for sale. Rent is $5,800 (no CAM = just rent). There's a 2-year + 5-option lease remaining. The size of the restaurant is 2,800 sq. ft. There's a 10.5-foot type 1 hood in the kitchen. There are 20 parking spots in the parking lot.
Asking Price
$329,999
Cash flow
$160,000
Revenue
$1,100,000
Down
30% or All Cash
Posting: 287666 | Available | 7/23/24
For sale is a well-established and absentee-run Korean restaurant. This restaurant has been innovative and highly profitable. The monthly rent is $8,933 which includes NNN. Gross Revenues(Tax Return) for 2023 were $1.13M+ with an estimated Sellers Discretionary Earnings (SDE) of $160,000+.
Asking Price
$450,000
Cash flow
Call/Email
Revenue
$1,440,000
Down
Call/Email
Posting: 286499 | Available | 7/23/24
For sale is a great and well-established Korean restaurant in the affluent and dynamic Valley community of Los Angeles. It has a great rent of $9,000 including NNN with plenty of parking spaces in the lot. its current monthly sale is $120,000. Its location is in the busy area.
Asking Price
$650,000
Cash flow
$240,000
Revenue
$1,440,000
Down
$1,200,000
Posting: 286612 | Available | 7/23/24
For sale business opportunities plus property together: an excellent beef soup and bossam restaurant. This location is suitable for a Korean, Vietnamese, or Chinese restaurant. It comes with a beer and wine license. SBA loan possible for qualified buyers. The property features a large parking lot.
Asking Price
$3,280,000
Cash flow
Call/Email
Revenue
$696,000
Down
Call/Email
Posting: 282097 | Available | 7/20/24
For sale is a well-established and famous Korean restaurant in the busy Korean community of Buena Park/Fullerton. The current monthly sale is over $58,000. It is an all-day busy location.
Asking Price
$399,000
Cash flow
Call/Email
Revenue
$972,000
Down
$100,000
Posting: 285565 | Available | 7/20/24
For sale is a well-established and famous Korean bibimbap place at Culver City shopping mall where it is busy all the time. Its monthly sales are about $81,000+. Its rent is $22,000 including NNN, electricity, and storage. It is easy to operate and manage as it is absentee-owned.
Asking Price
$250,000
Bldg Size
13,000 Sq.Ft
Typical Floor Size
Call / Email
Year Built
1980
Posting: 287636 | Available | 7/20/24
This freestanding commercial building, priced at $4,200,000, houses a fully equipped Korean BBQ restaurant known for its beautiful ambiance and diverse menu. Located in a popular neighborhood, the restaurant features excellent equipment, including new retractable Korean BBQ tube hoods.
Asking Price
$4,200,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287630 | Available | 7/20/24
For sale is a fully equipped Korean BBQ restaurant with an under-table, smokeless BBQ hood (14 units). Located in a popular neighborhood in San Francisco, this 3,000 sqft restaurant has been well established for over 10 years, boasting an excellent sales history.
Asking Price
$550,000
Cash flow
$180,000
Revenue
$850,000
Down
All Cash
Posting: 280767 | Available | 7/18/24
A very well-established Korean Tofu House, located in a busy shopping center, is available for purchase. The current owner, who has been managing it for many years, is ready to retire. The restaurant spans approximately 2,000 square feet, with a rent of $9,400 and a lease term of 5 years.
Asking Price
$359,000
Cash flow
N/A
Revenue
N/A
Down
All Cash
Posting: 280745 | Available | 7/18/24
For sale is a beautifully-built Korean BBQ restaurant. The current owner has a serious health issue and has to quit ASAP (and must sell fast), so this is a great buy (asset sale) with so much potential for a new owner. It is in a fast growing city with so much potential for a new owner.
Asking Price
$229,000
Cash flow
$108,000
Revenue
$493,000
Down
All Cash
Posting: 287604 | Available | 7/18/24
A well-established Korean-style fried chicken restaurant is located in a very busy shopping center in Poway. The current owner, who has five other restaurants to run, does not have the time to concentrate on this location due to the driving distance involved.
Asking Price
$219,000
Cash flow
Call/Email
Revenue
$200,000
Down
$50,000
Posting: 281250 | Available | 7/16/24
This is an asset sale. This is a great location on the ground floor in Plaza Mexico of Lynwood. They have a newly remodeled hall and kitchen with ventless electric hood & fryers. Currently, it serves fusion-style hot dogs, Korean finger/street food menu, boba, etc. Its size is 660 sq. ft.
Asking Price
$50,000
Cash flow
Call/Email
Revenue
$312,000
Down
$50,000
Posting: 286893 | Available | 7/15/24
K-Food and Latino Food are sold here. They offer a variety of dishes including Kimbap, Ramen, Fried Rice, Empanadas, Stir-fried Noodles, Sandwiches, Beef Bowls, and Fried Chicken. The parking area accommodates up to 13 cars. The owner of the establishment works five days a week.
Asking Price
$99,000
Cash flow
$120,000
Revenue
$720,000
Down
$345,000
Posting: 285535 | Available | 7/15/24
For sale is a profitable Korean fried chicken and boba restaurant located in a busy strip center in Carlsbad, CA. A beer & wine license is included. It has a fully equipped kitchen with a type 1 hood, unit cooler/freezer, and grease trap outside the kitchen. It is currently absentee-run.
Asking Price
$259,000
Cash flow
$90,000
Revenue
$480,000
Down
$195,000
Posting: 285537 | Available | 7/15/24
For sale is a profitable Korean fried chicken restaurant located in a busy strip center in San Diego County, CA. It has a beer & wine license / Type 41. It has a fully equipped kitchen with a type 1 hood, unit cooler/freezer., and a large 500-gallon grease trap outside the kitchen.
Asking Price
$175,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287556 | Available | 7/15/24
For sale is a Korean wings restaurant and pub located on Taraval Street, cross street 19th Ave. The restaurant is 1800 sq ft and the rent is $5000 per month, with a 2% annual increase. The restaurant features a 10-foot hood and ample refrigeration. This is an asset sale.
Asking Price
$195,000
Cash flow
Call/Email
Revenue
$1,300,000
Down
$180,000
Posting: 287051 | Available | 7/15/24
For sale is a casual Korean restaurant in the affluent community of Santa Clarita. The current monthly sale is about $109,000. Its rent is about $9,150 including NNN. There is a beer + wine license, a full kitchen, and a hood & grease trap.
Asking Price
$450,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$99,000
Posting: 287052 | Available | 7/15/24
For an asset sale is a great location near Cal State University Fullerton. It is 1,625 sq ft. for a rent of $7,300 including NNN. It has a full Kitchen with a long hood and two restrooms. Future Beer/Wine license. It is great for Korean, boba/snack, etc. with the landlord's approval.
Asking Price
$99,000
Cash flow
Call/Email
Revenue
$1,620,000
Down
Call/Email
Posting: 285971 | Available | 7/13/24
This is a Korean BBQ restaurant for sale. This restaurant is located in the busy strip center. Currently operating as a semi-absentee-run business. Monthly gross is $135,000. Rent got lowered and paying $17,500. There's a fully equipped kitchen with 19 feet hood walk-in cooler and walk-in freezer.
Asking Price
$739,999
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286020 | Available | 7/13/24
This is a Korean chicken restaurant for an asset sale. This restaurant is located in a busy shopping center. This is the cozy and clean and take-out style restaurant. The size of the restaurant is 1,200 sq ft. and rent is $3,400 including CAM. There's a 9 foot type 1 hood in the kitchen.
Asking Price
$169,999
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287518 | Available | 7/11/24
For sale is Korean fast food in the food court near UC Berkeley. This is as asset sale. There's a 8 feet hood in the kitchen. Restaurant size is 230sq and rent is $5,500 including water & garbage (Lease renewable every 5 yrs). Currently under absentee run.
Asking Price
$189,999
Cash flow
Call/Email
Revenue
Call/Email
Down
Call / Email
Posting: 279670 | Available | 7/10/24
A Korean restaurant in Huntington Beach features a prime location, all-new fixtures and equipment, and an ABC beer and wine license. It operates Monday through Saturday.
Asking Price
$169,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287482 | Available | 7/9/24
Famous for its Korean-style oven and fried Chicken, this location does not pay royalties. Located just blocks away from a major university with 25,000 hungry college students. The fast growing Vons Chicken brand (not affiliated with Vons supermarkets) allows the owner to add other types of food.
Asking Price
$70,000
Cash flow
$180,000
Revenue
$900,000
Down
$135,000
Posting: 287481 | Available | 7/9/24
For sale is a profitable Korean pub with a 30-year tradition, located in the Berkeley area. It serves a variety of Korean wines (soju) and profitable side dishes, catering primarily to college students. The food cost is much lower than that of other Korean or Japanese restaurants.
Asking Price
$270,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281504 | Available | 7/9/24
A Korean-style corn dog franchise is for sale in the Dublin shopping center. This corn dog franchise is capturing America's taste buds with the Korean-style corn dog that had not been tasted before. The outer coating of the corn dog is unique, offering a satisfying crunch and texture.
Asking Price
$275,000
Cash flow
$260,000
Revenue
$1,800,000
Down
$650,000
Posting: 287446 | Available | 7/6/24
A famous Korean-style fried chicken restaurant in San Jose. It is a national franchise that is easier to learn and operate. The annual net income with semi-absentee operation is over $250,000. The total rent including NNN is approx $12,500.
Asking Price
$650,000
Cash flow
$170,000
Revenue
$870,000
Down
$100,000
Posting: 286896 | Available | 7/6/24
Famous for its Korean-style Oven or fried Chicken. This location does not pay a franchise fee yet. Rent for 1,100, SqFt is $4,600. Vons Chicken headquarter allows the owner to add other types of food such as hamburgers & Kimbap to its menu. It is easier to learn and operate.
Asking Price
$295,000
Cash flow
$160,000
Revenue
Call/Email
Down
$90,000
Posting: 286711 | Available | 7/6/24
A Traditional Korean restaurant located on Telegraph in Temecula Oakland, a busy and safe area for business. The restaurant is currently run by a single lady with the help of nine employees, indicating significant potential for growth. It includes eight exclusive parking spaces.
Asking Price
$230,000
Cash flow
$60,000
Revenue
$60,000
Down
$160,000
Posting: 282883 | Available | 9/15/23
The owner wants to sell this business because they are too busy. It is a Korean restaurant that is SBA loan pre-qualified. The price and down is $160,000 and it is located in Garden Grove, CA.
Asking Price
$160,000
Cash flow
$160,000
Revenue
Call/Email
Down
$90,000
Posting: 286711 | Available | 7/6/24
A Traditional Korean restaurant located on Telegraph in Temecula Oakland, a busy and safe area for business. The restaurant is currently run by a single lady with the help of nine employees, indicating significant potential for growth. It includes eight exclusive parking spaces.
Asking Price
$230,000
Cash flow
$180,000
Revenue
$895,392
Down
Call/Email
Posting: 284916 | Available | 5/14/24
Situated in a high-traffic plaza, this restaurant holds significant potential, surrounded by renowned eateries and tea cafes that attract a diverse crowd. Originally focused on K-food, the menu has evolved to include new rolls and ramen, expanding our customer base.
Asking Price
$389,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 278763 | Available | 1/31/23
This is a very successful Korean tofu restaurant near Rowland Heights that was established in 1988. They are open 6 days a week so new buyers will have more potential to increase sales if you open 7 days a week. The average monthly sales are $50,000. The lease is new with a rent of $8,600.
Asking Price
$180,000
Cash flow
$93,600
Revenue
$1,080,000
Down
$359,000
Posting: 285272 | Available | 5/6/24
Nestled in the heart of Solano County, CA, this restaurant presents a unique opportunity for culinary entrepreneurs and restaurant investors. Well-established restaurant is renowned for its delectable selection of Korean dishes & Korean-style fried chicken dishes that promise an authentic taste.
Asking Price
$359,000
Cash flow
$160,000
Revenue
$1,100,000
Down
30% or All Cash
Posting: 287666 | Available | 7/23/24
For sale is a well-established and absentee-run Korean restaurant. This restaurant has been innovative and highly profitable. The monthly rent is $8,933 which includes NNN. Gross Revenues(Tax Return) for 2023 were $1.13M+ with an estimated Sellers Discretionary Earnings (SDE) of $160,000+.
Asking Price
$450,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284116 | Available | 6/23/24
This is a breakfast & lunch cafe for sale. They sell American and Korean sandwiches and breakfast food. They are open 5 days a week (closed on weekends) from 6am-3:30pm. They have excellent Yelp reviews. The owner has owned it for 10 years but wants to retire.
Asking Price
$149,000
Cash flow
Call/Email
Revenue
$972,000
Down
$100,000
Posting: 285565 | Available | 7/20/24
For sale is a well-established and famous Korean bibimbap place at Culver City shopping mall where it is busy all the time. Its monthly sales are about $81,000+. Its rent is $22,000 including NNN, electricity, and storage. It is easy to operate and manage as it is absentee-owned.
Asking Price
$250,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 287518 | Available | 7/11/24
For sale is Korean fast food in the food court near UC Berkeley. This is as asset sale. There's a 8 feet hood in the kitchen. Restaurant size is 230sq and rent is $5,500 including water & garbage (Lease renewable every 5 yrs). Currently under absentee run.
Asking Price
$189,999
Cash flow
Call/Email
Revenue
$1,100,000
Down
$349,000
Posting: 286101 | Available | 5/13/24
For sale is a nightclub in Rancho Cucamonga with a #47 license for sale. It also comes with an entertainment license for live bands. It has low rent and is in a busy traffic area. This would be a good space for Korean karaoke or dinner with hard liquor for golfers.
Asking Price
$349,000
Cash flow
Call/Email
Revenue
$300,000
Down
Call/Email
Posting: 284685 | Available | 6/27/24
Absentee-run Asian comfort restaurant for sale near UC Berkeley campus. It is located in an Asian ghetto food court in a bustling environment full of mainly students. It has a cute interior, narrow but cozy with bar tables with tall chairs. It has been established for 17 years.
Asking Price
$150,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 282743 | Available | 7/25/24
This is a freestanding building of a Korean restaurant for sale. Rent is $5,800 (no CAM = just rent). There's a 2-year + 5-option lease remaining. The size of the restaurant is 2,800 sq. ft. There's a 10.5-foot type 1 hood in the kitchen. There are 20 parking spots in the parking lot.
Asking Price
$329,999
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281504 | Available | 7/9/24
A Korean-style corn dog franchise is for sale in the Dublin shopping center. This corn dog franchise is capturing America's taste buds with the Korean-style corn dog that had not been tasted before. The outer coating of the corn dog is unique, offering a satisfying crunch and texture.
Asking Price
$275,000
Cash flow
$180,000
Revenue
$900,000
Down
$135,000
Posting: 287481 | Available | 7/9/24
For sale is a profitable Korean pub with a 30-year tradition, located in the Berkeley area. It serves a variety of Korean wines (soju) and profitable side dishes, catering primarily to college students. The food cost is much lower than that of other Korean or Japanese restaurants.
Asking Price
$270,000
Cash flow
$120,000
Revenue
$492,000
Down
Call/Email
Posting: 286880 | Available | 5/31/24
A Korean and Chinese noodle restaurant is located in Lower Pacific Heights on the busy Geary Boulevard, which ensures good foot traffic. The restaurant features a full kitchen and holds an ABC Beer & Wine License, making it ideal for a family-operated business.
Asking Price
$180,000
Cash flow
$120,000
Revenue
$500,000
Down
All Cash
Posting: 284394 | Available | 4/8/24
For sale is a great Korean K-Pop style fried Chicken concept restaurant located in very busy shopping center. It is 100% absentee run and opened 6 months ago and has great potential if new owner comes in do all the marketing & social media.
Asking Price
$325,000
Cash flow
Call/Email
Revenue
$312,000
Down
$50,000
Posting: 286893 | Available | 7/15/24
K-Food and Latino Food are sold here. They offer a variety of dishes including Kimbap, Ramen, Fried Rice, Empanadas, Stir-fried Noodles, Sandwiches, Beef Bowls, and Fried Chicken. The parking area accommodates up to 13 cars. The owner of the establishment works five days a week.
Asking Price
$99,000
Cash flow
$250,000
Revenue
$1,800,000
Down
$1,300,000
Posting: 279011 | Available | 1/10/24
For sale is a Korean BBQ restaurant with a beer & wine license & property in Orange County. It is located on the main street in orange county with spacious parking. Excellent location & business opportunity for buyers wanting property and business together. Monthly sales around $110K(tax return).
Asking Price
$3,600,000
Cash flow
$160,000
Revenue
$825,000
Down
Call/Email
Posting: 285283 | Available | 6/17/24
A well-established Korean tofu restaurant located in Arcadia since 2001 presents an excellent opportunity for a full-time owner-operator or owner-chef operator. With a great net income and potential for further revenue growth, the business is prime for investment.
Asking Price
$330,000
Cash flow
Call/Email
Revenue
$696,000
Down
Call/Email
Posting: 282097 | Available | 7/20/24
For sale is a well-established and famous Korean restaurant in the busy Korean community of Buena Park/Fullerton. The current monthly sale is over $58,000. It is an all-day busy location.
Asking Price
$399,000
Cash flow
$100,000
Revenue
$100,000
Down
$500,000
Posting: 281727 | Available | 4/6/24
For sale is a Korean kimchi, banchan, K-bread, and Mexican food catering with the property included. It is in a mixed commercial zone. Before, it was a Vietnamese restaurant. There are 2 restrooms. This space plus a 5-unit rental income property. Excellent location.
Asking Price
$1,180,000
Cash flow
Call/Email
Revenue
$360,000
Down
$120,000
Posting: 283416 | Available | 1/3/24
You can keep this concept or change any concept restaurant. This restaurant has sufficient potential, and all equipment is available so that you can start a business right away.
Asking Price
$99,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286272 | Available | 4/26/24
A Korean BBQ & sushi restaurant with the property is for sale, ideal for an owner-user. It is possible to obtain financing through SBA. The restaurant has huge potential and operates only 4 days a week. The current owner wants to retire.
Asking Price
$870,000
Cash flow
Call/Email
Revenue
$200,000
Down
$50,000
Posting: 281250 | Available | 7/16/24
This is an asset sale. This is a great location on the ground floor in Plaza Mexico of Lynwood. They have a newly remodeled hall and kitchen with ventless electric hood & fryers. Currently, it serves fusion-style hot dogs, Korean finger/street food menu, boba, etc. Its size is 660 sq. ft.
Asking Price
$50,000
Cash flow
Call/Email
Revenue
$660,000
Down
Call/Email
Posting: 276236 | Available | 1/24/23
For sale is an absentee-run Korean-style fried chicken restaurant with craft beer in the southwest of Los Angeles County. This is a 1,800 sq ft. restaurant in 2017. It is open Tuesday thru Sunday from 11 am to 11 pm. The annual gross is $660,000.
Asking Price
$270,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call / Email
Posting: 279670 | Available | 7/10/24
A Korean restaurant in Huntington Beach features a prime location, all-new fixtures and equipment, and an ABC beer and wine license. It operates Monday through Saturday.
Asking Price
$169,000
Cash flow
$100,000
Revenue
$500,000
Down
Call/Email
Posting: 281455 | Available | 8/4/23
For an asset sale is a well-known Korean restaurant located at Embarcadero San Francisco. It comes with a full kitchen and a large seating area, and it is good for the catering business. There are 4 part-time employees (payroll $40,000/year) and there are 49 inside seats and 49 patio seats.
Asking Price
$150,000
Cash flow
Call/Email
Revenue
$1,300,000
Down
$180,000
Posting: 287051 | Available | 7/15/24
For sale is a casual Korean restaurant in the affluent community of Santa Clarita. The current monthly sale is about $109,000. Its rent is about $9,150 including NNN. There is a beer + wine license, a full kitchen, and a hood & grease trap.
Asking Price
$450,000
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
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
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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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ServingSouthern California
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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.
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 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.
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!
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.
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.
Buying a small to mid-sized restaurant can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant advisors weigh in with (Peter Siegel, MBA at BizBen) and discuss tips for buying a restaurant in California.
Was chatting with a potential buyer of a restaurant in our BizBen ProBuy Program and he asked me what he should look for in due diligence when he finally did find a restaurant he was interested in. Peter Siegel, MBA with BizBen and others on BizBen explore this topic.
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.
