Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281504 | Available | 3/9/24
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
Call/Email
Revenue
$960,000
Down
Call/Email
Posting: 278934 | Available | 3/1/24
For sale is a well-established Korean-style pub with a beer and wine license that's located in Fullerton, California.
Asking Price
$400,000
Cash flow
Call/Email
Revenue
$960,000
Down
$225,000
Posting: 285389 | Available | 2/27/24
For sale is a very prime location with heavy traffic. It is open 6 days a week, Mon-Sat 10.30-9.30 pm. You can open on Sundays for more sales too. You can bring your own items to add up too. The size is around 2,500 sq ft. with a patio. You can convert it to another type of restaurant.
Asking Price
$225,000
Cash flow
$180,000
Revenue
$720,000
Down
$350,000
Posting: 285184 | Available | 2/15/24
For sale is a profitable and well-established Korean fried chicken restaurant in a busy strip center in San Diego North County. Rent is $8,800 including NNN by 1,400 sq ft. lease 4y + op. There's a fully equipped kitchen type 1 hood, unit cooler/freezer, and a large grease trap outside the kitchen.
Asking Price
$350,000
Cash flow
$180,000
Revenue
$895,392
Down
Call/Email
Posting: 284916 | Available | 1/30/24
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
$445,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 280905 | Available | 1/21/24
For sale is a Korean restaurant. It is closed on Mondays and Tuesdays. It's located in a prime location in CA. It is located in a popular, large, famous shopping mall. Business hours are open from 11:30 am - 8 pm (Wed-Sun).
Asking Price
$125,000
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
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281241 | Available | 1/9/24
A rare opportunity awaits in the heart of Sacramento, California! The finest Tofu House in town, renowned for its authentic Korean cuisine, is seeking new ownership. Are you ready to take the helm of this well-established restaurant and make it your own?
Asking Price
Call/Email
Posting: 282011 | Available | 1/3/24
The owners of these restaurant chain stores are expanding, So they are looking to buy 2 more Asian restaurants to convert to their restaurant, on the East side of Interstate 80, around the Vallejo Costco. There should be a full kitchen and the size of the restaurant shall be around 2,500 sq ft.
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: 284116 | Available | 12/1/23
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
$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
$60,000
Revenue
$540,000
Down
Call/Email
Posting: 282570 | Available | 9/4/23
The quality and taste of the food is always consistently delicious and second to none and all ingredients are fantastic quality not to mention its classy restaurant. The food is extremely delicious and hands down the best Korean food with lots of side dishes.
Asking Price
$179,000
Cash flow
$144,000
Revenue
$360,000
Down
Call/Email
Posting: 282565 | In Escrow | 9/3/23
For sale is a Korean restaurant with big potential that is located in the center of Morgan Hill. There is a full kitchen with a walk-in freezer, grill and fryer. It was established in 2013 with 2 full-time owners. Employees are N/A. There is an ABC beer/wine license. There are 50 seats.
Asking Price
$150,000
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
$250,000
Down
Call/Email
Posting: 281155 | Available | 6/15/23
Well-established Korean restaurant/catering. Located in Fullerton, Orange County, California. The seller wants to retire. 4 years with the current owner. 900 SF, $2400 Rent.
Asking Price
$150,000
Cash flow
$180,000
Revenue
$850,000
Down
All Cash
Posting: 280767 | Available | 5/16/23
Well established over 18 years Korean Tofu House is located in a very busy shopping center in the Arcadia area. The current owner is ready for his retirement due to his age and health problem.
Asking Price
$399,000
Cash flow
N/A
Revenue
N/A
Down
All Cash
Posting: 280745 | Available | 5/15/23
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
$249,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call / Email
Posting: 279670 | Available | 3/13/23
Korean Restaurant in the City of Huntington Beach area. Good location, all new fixtures and equipment with an ABC beer and wine license. Open Monday - Saturday.
Asking Price
$169,000
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
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
$50
Posting: 275463 | Available | 8/3/22
Well established Korean restaurant located in very busy shopping center with Market anchored in Irvine, CA. Semi absentee run operation now and has so much potential if new owner comes in marketing & promotion. Avg. monthly sale $180,000 with monthly net profit approx. $40,000.
Asking Price
$1,100,000
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
$180,000
Revenue
$850,000
Down
All Cash
Posting: 280767 | Available | 5/16/23
Well established over 18 years Korean Tofu House is located in a very busy shopping center in the Arcadia area. The current owner is ready for his retirement due to his age and health problem.
Asking Price
$399,000
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
$180,000
Revenue
$528,000
Down
$400,000
Posting: 286123 | Available | 4/14/24
A well-established Korean-style teriyaki restaurant is located in Riverside's newer area, boasting 13 years of ownership under the same proprietor. With a low food cost of only 24%, it offers high margins and is professionally set up akin to a franchise.
Asking Price
$400,000
Cash flow
N/A
Revenue
N/A
Down
All Cash
Posting: 280745 | Available | 5/15/23
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
$249,000
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
Call/Email
Revenue
$1,620,000
Down
Call/Email
Posting: 285971 | Available | 4/3/24
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
$1,440,000
Down
$250,000
Posting: 286305 | Available | 4/28/24
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
Call/Email
Revenue
$250,000
Down
Call/Email
Posting: 281155 | Available | 6/15/23
Well-established Korean restaurant/catering. Located in Fullerton, Orange County, California. The seller wants to retire. 4 years with the current owner. 900 SF, $2400 Rent.
Asking Price
$150,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281241 | Available | 1/9/24
A rare opportunity awaits in the heart of Sacramento, California! The finest Tofu House in town, renowned for its authentic Korean cuisine, is seeking new ownership. Are you ready to take the helm of this well-established restaurant and make it your own?
Asking Price
Call/Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285941 | Available | 4/2/24
Virgil Village is just South of Los Feliz and West of Silver Lake. You will find the sweet little pocket of Virgil Village. There is customer parking behind the restaurant. It is located at Santa Monica Blvd and Virgil Ave. on a very busy corner. It is 300 sq ft. The restaurant comes with 4' hood.
Asking Price
$100,000
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
Call/Email
Down
Call/Email
Posting: 286020 | Available | 4/6/24
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
$160,000
Revenue
$825,000
Down
Call/Email
Posting: 285283 | Available | 4/20/24
A well-established Korean toy 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
$390,000
Cash flow
Call/Email
Revenue
$300,000
Down
Call/Email
Posting: 284685 | Available | 4/10/24
This is an 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
$165,000
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
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
$960,000
Down
$225,000
Posting: 285389 | Available | 2/27/24
For sale is a very prime location with heavy traffic. It is open 6 days a week, Mon-Sat 10.30-9.30 pm. You can open on Sundays for more sales too. You can bring your own items to add up too. The size is around 2,500 sq ft. with a patio. You can convert it to another type of restaurant.
Asking Price
$225,000
Cash flow
$93,600
Revenue
$1,080,000
Down
$378,000
Posting: 285272 | Available | 3/26/24
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
$378,000
Cash flow
Call/Email
Revenue
$1,100,000
Down
$350,000
Posting: 286101 | Available | 4/12/24
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
$350,000
Cash flow
Call/Email
Revenue
$600,000
Down
$195,000
Posting: 285361 | Available | 4/28/24
For sale is a well-established and famous Korean restaurant in the busy Asian community shopping center. The current monthly sale is over $50,000. Its size is 1,600 sqft and rent $6,700 including NNN. It is well equipped, clean with long hood, walk-in cooler and grease trap. With beer/wine license.
Asking Price
$195,000
Cash flow
Call/Email
Revenue
$360,000
Down
Call/Email
Posting: 286033 | Available | 4/8/24
The newly constructed building, which has undergone interior renovations, has been in operation for about 7 years, maintaining a clean and well-decorated atmosphere. The surrounding area consists entirely of apartment complexes with 1,900 units, making it advantageous to operate on.
Asking Price
$99,000
Cash flow
$180,000
Revenue
$720,000
Down
$350,000
Posting: 285184 | Available | 2/15/24
For sale is a profitable and well-established Korean fried chicken restaurant in a busy strip center in San Diego North County. Rent is $8,800 including NNN by 1,400 sq ft. lease 4y + op. There's a fully equipped kitchen type 1 hood, unit cooler/freezer, and a large grease trap outside the kitchen.
Asking Price
$350,000
Cash flow
$60,000
Revenue
$540,000
Down
Call/Email
Posting: 282570 | Available | 9/4/23
The quality and taste of the food is always consistently delicious and second to none and all ingredients are fantastic quality not to mention its classy restaurant. The food is extremely delicious and hands down the best Korean food with lots of side dishes.
Asking Price
$179,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284116 | Available | 12/1/23
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
$960,000
Down
Call/Email
Posting: 278934 | Available | 3/1/24
For sale is a well-established Korean-style pub with a beer and wine license that's located in Fullerton, California.
Asking Price
$400,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 286327 | Available | 4/29/24
A Korean fried chicken franchise is available for sale. The restaurant is in newer condition, clean, and situated in a busy center in Cupertino. Its size is 1350 square feet, and the rent is $11,500, inclusive of CAM, water, and garbage fees. The restaurant features a fully equipped kitchen.
Asking Price
$399,999
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281504 | Available | 3/9/24
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
For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
ServingNationwide - All Areas
I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
ServingNationwide - All Areas
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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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
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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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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.
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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.
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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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Many California small business investors want to buy a restaurant. People always need to eat; there should be plenty of business. And some buyers think there is prestige to owning a popular eating establishment. But it isn't an easy purchase. Here's what not to do when planning to buy a restaurant.
The process for making a liquor license transfer used to take approximately 55-70 days, but now because of labor shortages and work protocols, it can be up to 3 months in California, for example. The longer an escrow is open, the greater the chance of having it fall out of escrow.
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.
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.
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.
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.
Only 30% of all small businesses for sale that are put on the market overall are sold! A surprising statistic to most business owners, agents, and brokers trying to sell a small business! If however you follow the strategies (BizBen Protocol Method) in this blog post you should see success!
As an Advisor On BizBen I talk to many California business owners, business buyers, brokers, and agents on a daily basis about valuing California small to mid-sized businesses. Many key factors go into this analysis including market demand, history of earnings, and even how the deal is structured.
One of the most difficult challenges when purchasing a small business is expressed by this prospective buyer of a liquor store who is told by the seller that there is more money being made than shows up on the books. Should the buyer accept that statement by the seller & go ahead with the purchase?
The economy has started to repair itself since the recession. While things may never be what they were in the past, the economy and small businesses have started to gain some form of momentum again. If you are considering buying a small to mid-size business consider these recession proof businesses.
Buyers search for an absentee business, wanting to collect profits generated by a successful enterprise without having to stand at the sales counter or cash register, without having to cook, operate equipment or talk to customers. Peter Siegel, MBA offers his intake on absentee run businesses.
Being an Entrepreneur has its perks, it can also be challenging. You need to make sure you're ready for the challenge. Here's a list of 10 important questions to get you started when buying a business. Peter Siegel, MBA (BizBen Founder) reviews this topic for business buyers of small businesses.
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.
