Status: Off The Market
Posting ID: 271833
Call / Email
Asking Price
NOTE: This BizBen Posting #271833 Preferred Insurance Agency - PIF in Los Angeles is currently INACTIVE Today (Either: It's In Escrow, It's Sold, or Is Off The Market Temporarily) - Please See Today's ACTIVE Postings below that match this posting's attributes. For your convenience there are also helpful links below to assist you in your search to buy or sell a small to mid-sized business that matches your criteria. Thank you for using BizBen.com.
Attributes:
Cash flow
$225,000
Revenue
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Down
$50,000
Posting: 286541 | Available | 5/13/24
We're offering an exceptional opportunity to acquire a well-established Farmers Insurance agency, with a loyal customer base and a proven track record of success. This agency has a history of providing top-notch insurance solutions to individuals, families, and businesses.
Asking Price
$399,000
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Posting: 278588 | Available | 8/1/23
This is an award-winning agency consisting of a preferred auto/homeowner customer base with high retention, a profitable loss ratio, and a loyal customer base. The agency is located in a professional business area in a highly desirable location in Northwest LA County.
Asking Price
$700,000
Cash flow
$507,000
Revenue
$642,000
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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
Cash flow
$95,000
Revenue
$140,000
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Posting: 282426 | Available | 4/9/24
For sale is an established, 29+-year-old property and casualty insurance agency. The majority of the clients are Russian and Ukraine have been with the agency for many years. The dedicated office manager, who has been an integral part of the company for 19 years.
Asking Price
$119,000
Cash flow
$177,613
Revenue
$648,954
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Posting: 284612 | Available | 4/4/24
This is a profitable, reputable public adjusting firm dedicated to assisting insured policyholders through the complex insurance claims process. The company provides expert guidance and support during property loss situations.
Asking Price
$599,000
Cash flow
$1,000,000
Revenue
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Down
$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: 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: 278741 | Available | 7/27/23
Allstate Insurance Agency in beautiful downtown McDonough, Georgia, in business since 2008 - 14 years.
Asking Price
$425,000
Cash flow
$250,000
Revenue
$300,000
Down
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Posting: 286545 | Available | 5/13/24
Our client is offering a highly profitable, essentially online (hands-off) agency for sale. The Agency was founded in 2011. The Agency sells the following product(s): Commercial Lines, Property & Casualty. All carriers are via MGA's. There are no carrier-to-company contracts.
Asking Price
$1,200,000
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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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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: 278695 | Available | 8/1/23
This is a well-managed turnkey Allstate agency located in the Columbia, SC area. This well-established agency has approximately $3.45 million in earned premium that consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and other services.
Asking Price
$949,000
Cash flow
$600,000
Revenue
$1,800,000
Down
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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
Cash flow
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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
Cash flow
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Revenue
$705,000
Down
$25,000
Posting: 286498 | Available | 5/9/24
This agency is located in the Visalia area of California. It is one of the top Agencies in California Sales Offices. The staff has been with the agency for a number of years and they are well trained enough for the Seller to leave for long periods of time. Loss Ratio 51% Retention 89%.
Asking Price
$1,750,000
Cash flow
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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: 279812 | Available | 5/12/24
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 | 5/12/24
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
Cash flow
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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
Cash flow
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Posting: 278399 | Available | 12/19/23
For sale is a well-established Allstate Agency, family-owned for 58 years in beautiful Titusville, FL, on the Space Coast. This $3.0M total 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
$675,000
Cash flow
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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: 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
Cash flow
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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: 278694 | Available | 8/1/23
This is an established agency in a great High Point location. The agency consists of a preferred auto and homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services. A low loss ratio has created a profitable book. This is a turnkey operation.
Asking Price
$980,000
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Posting: 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: 278698 | Available | 8/1/23
For sale is a prime location in the Austin, Texas Georgetown area. Austin is one of the fastest-growing cities in the United States with all of its growth. This 2.4 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth.
Asking Price
$595,000
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Posting: 284353 | Available | 12/19/23
This established, award-winning, $11.2M+ elite-tiered Allstate agency is located in the metropolitan area of Atlanta and borders the Chattahoochee River. This turnkey agency is highly regarded in the community and consists of a preferred auto/homeowner customer base with excellent opportunities.
Asking Price
$3,980,800
Cash flow
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Posting: 278681 | Available | 8/1/23
This is a well-established agency in desirable bustling Westchester County. The Agency Owner who is retiring, is a perennial Allstate Award Winner, with outstanding established customer relationships. The Auto book is 99.8 % preferred and the Property book is primarily Homeowners and Condos.
Asking Price
$1,020,000
Cash flow
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Revenue
$4,500,000
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Posting: 285309 | Available | 5/15/24
Situated at a prime corner spot on a bustling main block in Los Angeles, this establishment resonates with rich global influences, creating a unique and inviting atmosphere. Boasting adaptable space accommodating up to 140 guests, the venue features timeless design elements.
Asking Price
$825,000
Cash flow
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Revenue
$960,000
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Posting: 286537 | Available | 5/12/24
A rare opportunity exists to own a well-established liquor store with gas, operating on a large commercial-zoned real estate lot with short operating hours. The monthly rent from two rental properties amounts to $6,250.
Asking Price
$2,600,000
Cash flow
$235,715
Revenue
$1,320,000
Down
$25
Posting: 284079 | Available | 5/16/24
This high end market is conveniently located inside the retail area of one of the most luxurious apartment communities in North San Jose. This business is a famous contemporary market stocking snacks, Organic products, groceries, beer, and wine selections.
Asking Price
$899,000
Cash flow
$74,842
Revenue
$142,544
Down
$125,000
Posting: 280801 | Available | 5/15/24
This female athleisure-activewear brand focuses on functional fitness clothing that celebrates each of its client's unique features. The brand delivers eco-responsible luxury and comfort designed for everything from high-powered workouts to afternoon dog walks and errands (and in between!).
Asking Price
$125,000
Cash flow
$175,000
Revenue
$525,000
Down
$300,000
Posting: 276123 | Available | 5/17/24
Must see a 100% wet cleaning plant located in West Hills near high-income Woodland Hills, Calabasas, and Bell Canyon. This is an 11 year-old, 1,200 sq. ft. plant, including shirt laundry. Most of the equipment is newer. No chemicals -- environmentally safe -- all work done in-house.
Asking Price
$500,000
Cash flow
$200,524
Revenue
$1,314,394
Down
$285,000
Posting: 285041 | Available | 5/16/24
This greater Silverlake/Glendale area market combines a carefully curated assortment of natural and organic wines, beers, spirits and beverages, food, merchandise and home goods with organic produce, breads and specialty provisions sourced locally to ensure freshness.
Asking Price
$285,000
Cash flow
$180,000
Revenue
$550
Down
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Posting: 274482 | Available | 5/12/24
Top brand blinds, shades, shutters, etc retail. Easy to operate profitable and potential business even without advertisements or marketing. Ideal location on a high-traffic major street and the hub of Silicon Valley. Increasing sales yearly with many repeat & new customers. Price was lowered.
Asking Price
$200,000
Cash flow
$200,000
Revenue
$600,000
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Posting: 275386 | Available | 2/19/23
This wholesale bakery with a retail front has been in business for over 30 years. It is absolutely the best location in West Hollywood on a major shopping plaza with great parking and major anchor businesses there. There are lots of wholesale accounts and retail customers. It is 1,750 sq. ft.
Asking Price
$219,000
Cash flow
$300,000
Revenue
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Posting: 277906 | Available | 5/8/24
This is a liquor store for sale. This liquor store is located in a busy intersection. The size of the liquor store is 2,500 sq. ft and rent is $6,000 including CAM. The monthly sale is $60,000. There is extra income from check cashing ($10,000 commission) and a food truck that is doing $50,000/m.
Asking Price
$450,000
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Posting: 280990 | Available | 4/30/24
For sale is an absentee-run and locally owned independent pet store for sale in upscale Downtown Los Altos. The owner focuses on healthy, holistic foods, small companies, and locally made products and carries products you can't find anywhere else.
Asking Price
$75,000
Cash flow
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Revenue
$324,000
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Posting: 285263 | Available | 2/20/24
For sale is a liquor store with potential. The owner lives 1 hour away and cannot run this business. It is located on a major street with great exposure. There is plenty of parking and it is in a Latino neighborhood. There is a 16-door walk-in cooler and it has a clean ABC license.
Asking Price
$135,000
Cash flow
$60,000
Revenue
$180,000
Down
$79,000
Posting: 274698 | Available | 4/24/23
This mail box is an asset sale. This mail box is a great place for all our shipping and mailing needs. Has lots of potential to increase revenue by marketing and advertising. This mail box is the nicest, professional, caring shipping center. They also sell all your mailing needs.
Asking Price
$79,000
Cash flow
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Revenue
$620,000
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Posting: 281099 | Available | 7/31/23
This shop sells pipes, tobacco, cigarettes, cigars, etc. The open hours are 11am-8:30pm. The monthly lease rate is $2,000. The annual gross sales are $620,000 and the payroll is $80,000.
Asking Price
$200,000
Cash flow
$610,000
Revenue
$1,100,000
Down
$2,500,000
Posting: 285502 | Available | 5/16/24
For sale is a prime location that is strategically positioned off the 57 Freeway with convenient access to I-10 via Via Verde, boasting a captive market with no competition within a 2-mile radius. It has been a thriving business for over the past 3 years (2021-2023).
Asking Price
$7,777,000
Cash flow
$180,000
Revenue
$720,000
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Posting: 286507 | Available | 5/9/24
A well-established smoke shop, located in a great shopping center near Arcadia and Duarte, is currently a steady and profitable business. The owner is planning to retire. The gross sales amount to $60,000 a month, making this a good opportunity for potential buyers.
Asking Price
$185,000
Cash flow
$218,000
Revenue
$1,040,000
Down
$470,000
Posting: 285882 | Available | 3/28/24
While numerous internet online stores are short-lived, this one has been around for more than 20 years. This online hobby craft store is enjoying a dedicated, loyal hobbyist customer base with stable profits - now, the owner would like to retire and spend more time with family.
Asking Price
$470,000
Cash flow
$96,000
Revenue
$600,000
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Posting: 279849 | Available | 3/26/24
This is a drive-thru beer and wine dairy market which is located in a good neighborhood, and has gross sales of $35,000/month. The business hours are 8:30 AM - 8:30 PM for 7 days. It has good potential.
Asking Price
$235,000
Cash flow
$132,000
Revenue
$288,000
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Posting: 282167 | Available | 3/21/24
If you like the high quality of service for the dry cleaning, this is the place and this is the perfect location for the dry cleaner. This is one of the best dry cleaners in the area and this is well established and well organized dry cleaner and the sales keep going up now.
Asking Price
$139,000
Cash flow
$520,000
Revenue
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Posting: 282304 | In Escrow | 12/31/23
For sale is a 76 gas station with less than 5 years on contract. This is a prime property next to the 405 freeway. The land size is about 30,000 sq. ft and the building is about 2,760 sq. ft. There are 6 MPDs and 4 tanks (12k, 12k, 10k, & 6k). One tank may be converted to e-85.
Asking Price
$8,250,000
Cash flow
$72,000
Revenue
$720,000
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Posting: 266972 | Available | 3/18/21
Has been there for many decades and this market property is a historic building in San Pedro. Motivated seller is offering this well established business with the food permit, very reasonable rent. Asking price $269,000. Gross sales are $720,000 yr. Net profit is approx $ 72,000 yr. 3,500 sq ft.
Asking Price
$269,000
Cash flow
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Revenue
$210,000
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Posting: 280101 | Available | 3/23/24
Motivated to sell! The price went down. This cleaner is in Arcadia, CA. This store sells cleaner of a full of plant with equipment and furniture. This one owned for 30 years by one owner. The rent is a reasonable number. This cleaner is located big shopping center surrounded by residential houses.
Asking Price
$89,000
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Posting: 283572 | Available | 4/20/24
For sale is a liquor store that has 15 walk-in coolers and 5 coolers. This place has big potential as it is a great location with a huge parking lot. Size 2,800 sq ft. Rent of $5,000 (New lease available). Gross income $35,000-$40,000. The hours are from 10am-10pm.
Asking Price
$150,000
Cash flow
N/A
Revenue
$480,000
Down
$79,000
Posting: 286509 | Available | 5/9/24
Since its establishment in 2010, the business has been under the current owner's stewardship for one and a half years. Situated in a large shopping center, it benefits from being anchored by numerous franchise retailers, attracting significant vehicular and foot traffic.
Asking Price
$79,000
Cash flow
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Revenue
$960,000
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Posting: 284489 | Available | 1/3/24
For sale is a liquor store located on a very busy street with large parking space. It's not too far from Los Angeles Airport. There is one unit residence attached. Sales included property. The lot is +13,269 sq. ft. The building is 2,800 sq. ft.
Asking Price
$2,950,000
Cash flow
$100,000
Revenue
$100,000
Down
$225,000
Posting: 284794 | Available | 1/23/24
This is a retail pharmacy located in a busy shopping center in the Encino/Tarzana area of Los Angeles County. Established in 2023, conveniently located near 101 highway in a busy traffic area. At present, there is one PharmD/PIC keeps it open. Most of major insurances are accepted.
Asking Price
$225,000
Cash flow
$140,400
Revenue
$840,000
Down
$35
Posting: 281109 | Available | 6/8/23
Well-organized liquor store for sale, busy street location with mixed commercial and residential area, with reasonable rent and long lease term. Good Lotto income as extra (not included in monthly sales), perfect store for family-running buyers.
Asking Price
$435,000
Cash flow
$120,000
Revenue
$300,000
Down
$79,000
Posting: 286206 | Available | 4/19/24
A 1,045 square-foot owner-operated smoke shop establishment on a major street is for sale. The establishment offers smoking accessories, smoking products, smoke hand pipes, vapes, and much more. There is additional profit potential from Lotto, ATM, and printer services.
Asking Price
$79,000
Cash flow
$1,000
Revenue
$2,000
Down
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Posting: 284251 | Available | 12/11/23
Discover this exciting opportunity to own the already-built foundation of a high-end skincare line, now on the market, complete with an esteemed trademark and a robust digital footprint on Amazon and DTC website. This acquisition offers unparalleled growth potential in the booming beauty industry.
Asking Price
$30,000
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
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
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
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
Before you buy a dry cleaners small business, read these critical tips about this industry. Discover why a dry cleaner needs to be "green" to be profitable. Peter Siegel, MBA (BizBen ProBuy, ProSell Program Advisor) explores this topic and other helpful strategies on buying a dry cleaning store.
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Does Location matter when purchasing a liquor store for sale? Some experts believe that while it is still important, location is not AS important in the liquor store business as it is with other retail businesses. I think there is a case for both sides of the argument. Let's find out who is right.
Buying a pharmacy takes a lot of planning and research as it is not like buying a traditional commercial business. There are many government regulations to take into consideration, as well as financial considerations to plan. Here is what you need to know about the industry before you buy.
Californians who buy smoke shops can enjoy profitability if the businesses are chosen carefully. Despite the anti-smoking movement, enterprises that sell cigarettes, cigars and smoking paraphernalia serve a market that remains substantial. But it's important to understand your purchase options.
Knowing how to advertise a business for sale without revealing too much is an important skill for anyone who wants to find a buyer for a small or mid-sized California business at a good price. One caution about giving too much detail is that it might identify the company and ruin confidentiality.
People think of recycling and think of a facility that recycles trash. While this is true a large facility is expensive to open and operate. With that said, in this post, I will focus on 3 small business opportunities in the recycling industry that are more manageable for the average entrepreneur.
Any deal when selling a business tends to have a life of its own. Joe Ranieri discusses a restaurant deal in Orange County that has had many twists and turns. This article shows what types of issues can and do come up when selling a business or in this case a restaurant.
Owners often ask agents to sell business offerings for them. It's usually more difficult than selling houses when working to find a buyer for a business, to satisfy contingencies and close escrow. Business sales intermediaries either agents or brokers may want large fees, but often are worth it.
There are a handful of key asset categories in allocating or breaking down the purchase price allocation of a business sale. The allocation is required to complete the transaction. Lee Petsas, a Southern California business broker reviews this topic in detail for buyers and sellers of businesses.
Californians who want to buy a mailbox and packaging store serving individuals as well as the growing market of small businesses can benefit from several profit centers as these enterprises offer a variety of services. It's a good idea to know some facts about the business before making an offer.
In an advanced, technologically savvy era, virtually anything can be done, purchased or explored via cyberspace. As the market continues to expand and flourish, eCommerce owners can continue to reap in the selling of their online businesses. Peter Siegel, MBA (BizBen Director) explores this topic.
When buying an eCommerce business several factors come into play: market position, competition, growth areas, recurring customer base factors and ratios, etc. On this BizBen blog post Peter Siegel, MBA (BizBen Director, Financing Expert) addresses some of these eCommerce factors for business buyers.
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.
Buying a liquor store? First, ask yourself these three critical questions to find out if owning a liquor store is right for you. Questions like hands on vs absentee ownership, inventory turnover, licensing issues. Peter Siegel, MBA (BizBen ProBuy & ProSell Program Lead Advisor) explores this topic.
When on your search to buy liquor store businesses, consider additional ways that you may use the location to generate additional revenue streams. Peter Siegel, MBA with BizBen.com discusses buying California liquor stores.
Bakeries service all occasions from weddings, birthdays, retirement, and a whole host of other special occasions. Many bakeries do a brisk retail business, but really make their money in catering. Joe Ranieri a Southern California Business Broker looks at the top tips when trying to sell a bakery.
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.
If inventory is an asset of the small business, why is it treated differently from other assets in setting the business value and conducting the transaction? Tim Cunha, San Francisco Bay Area Business Broker explores this topic about how the inventory amount affects a business valuation.
The only time to get an exact and accurate inventory count, and valuation, is at the time the business is being transferred. To do so beforehand, would mean that any merchandise sold after inventory is taken, but before close of escrow - Peter Siegel, MBA with BizBen & others discuss this topic.
Buying a liquor store can present some major challenges to business buyers - a recent client on the BizBen ProBuy Program relates to Peter Siegel, MBA what the major challenges may be when searching for and buying a Californa liquor store business. I welcome other Advisors to weigh in on this topic.
Doing due diligence when buying any type of business is extremely important. Regardless of what type of business you are buying there are certain things you will always look at such as, financials, equipment, legal issues etc. We take a look at several angles for optimal gas station due diligence.
Butcher shops, once a vestige, are increasingly becoming popular again in many metropolitan and suburban cities. In this Discussion Post on BizBen, Joe Ranieri (Orange County & LA County Business Broker) discusses various issues of buying a butcher shop and what that entails for business buyers.
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.
Can a seller of a small business back out of an ongoing escrow? Probably, yes, it all depends how far along the escrow is, which will dictate how messy things will get for both owner & buyer. Joe Ranieri (Southern California Business Broker) gives his feedback with others on this BizBen Discussion.
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.
Changing hands of business ownership can seem both exciting and daunting to all parties involved, but it's important that a smooth transition occurs to maintain or achieve success of the business. Here are some tips I recommend ensuring things go smoothly when buying a California small business.
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.
Should small business owners/sellers or brokers/agents give potential buyers direct access to past company tax returns and financials (profit & loss statements) either before or pre the due diligence process? Multiple ProIntermediaries and ProAdvisors discuss this topic on this BizBen Discussion.
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.
Overpricing is the number one mistake sellers and their brokers make when putting businesses on the market. Even profitable, well-managed businesses can get buried under a bad number. Brian Loring (Los Angeles County Business Broker) discusses "the tangible trap" and how to avoid it when selling.
A huge part of any exit strategy is properly planning for that moment in time when employees find out the business is for sale or, preferably, has been sold. Your workers have been kept in the dark for as long as possible. Some won't be a bit surprised. Others may be devastated.
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.
