Status: Off The Market
Posting ID: 245302
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Asking Price
NOTE: This BizBen Posting #245302 Farmers Insurance Agency in Sacramento Area 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.
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Posting: 278589 | Available | 8/1/23
This is a rapidly growing start-up Agency, with additional revenue in non-Allstate products. This book currently qualifies for enhanced compensation for an additional 2 years. This attractive Agency is located in a very high-traffic area of Corona. There is an office space located in a strip mall.
Asking Price
$250,000
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Posting: 278701 | Available | 8/1/23
This is a fast-growing agency in desirable Pembroke Pines. This agency has a tremendous opportunity to continue to grow its auto and property cross-sales as well as financial service products. Also, it is a great opportunity to earn monthly and annual bonuses. The retention is at 81.97%.
Asking Price
$900,000
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Posting: 278580 | Available | 8/1/23
This 20-year, 4.4 million dollar-established Allstate agency located in Decatur Alabama, consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life and financial services. The revenue was $520K in 2021 including a $116,669 bonus.
Asking Price
$1,150,000
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Posting: 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: 278842 | Available | 7/27/23
For sale is a well-established $2.7M Allstate agency with over 23 years in the same location. This is a turnkey agency in beautiful Corpus Christi on the Gulf Coast of Texas. The agency consists of a preferred auto and homeowner customer base with great retention and excellent opportunity.
Asking Price
$875,000
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Posting: 283650 | Available | 11/1/23
For sale is a well-established 20-year agency in Milford, Ohio, which is right outside of Cincinnati. It is only minutes from a major shopping center with plenty of visibility from the main street. It is well-managed, seasoned staff to likely transition to a new owner. It is approximately $6.5m.
Asking Price
$2,500,000
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Posting: 278702 | Available | 8/1/23
This is a well-established, turnkey, 37-year legacy agency located in a convenient, desirable suburb of Philadelphia. It has a multigenerational customer base with excellent retention and loss ratios. Experienced, licensed staff are open to transition with the sale.
Asking Price
$2,100,000
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Posting: 278675 | Available | 7/27/23
Well-Established Agency in desirable and prosperous Westchester County; has a very profitable Loss Ratio of 32% and a good Retention Ratio. The Agency consists primarily of preferred auto/homeowners with a great opportunity to grow in cross sales, as well as life and financial services.
Asking Price
$285,000
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Posting: 278678 | Available | 7/27/23
This is a great opportunity to own a profitable agency in one of the most desirable areas in the country - Naples, FL This $5.1 million turn-key agency is comprised of appx. $2.6 million Allstate premium, $2.4 million Brokered Property premium and $135K Flood premium.
Asking Price
$1,500,000
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Posting: 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
$225,000
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$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: 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: 278583 | Available | 7/26/23
For sale is a well-established 13-year agency, in beautiful Fairfield County, CT; only minutes from the beach, nestled between Bridgeport and New Haven. It has a good retention rate and losses. It is located in a very active community shopping area. It is well-managed, seasoned staff to transition.
Asking Price
$553,000
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Posting: 280995 | Available | 5/31/23
This well-managed turnkey Allstate agency is located in the Columbia area of South Carolina. This agency offering has approximately $5.1 Million in combined earned premium plus brokered, which consists of a preferred auto/homeowner customer base with an excellent opportunity for growth
Asking Price
$995,000
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Revenue
$705,000
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$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
$1,000,000
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$2,250,000
Posting: 281712 | Available | 7/19/23
P&C & Benefits Los Angeles County, LA#120660. Independent Movable Agency/Book In Business For Over 20 Years. Focused On P&C & Benefits. 55% P&C 45% Benefits (Mostly Individual Health) Paperless.
Asking Price
$2,250,000
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Posting: 280428 | Available | 6/27/23
For sale is an Allstate insurance agency in that has been in business for 19 years. It is located in Sarasota, Florida (34232) and the rent/lease terms + rate are available with an NDA. F&E is available. There will be location photos and current agency staffing available with a signed NDA.
Asking Price
$4,000,000
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Posting: 278707 | Available | 8/1/23
This established agency is located in Rogers, in the heart of the beautiful Ozarks and one of the fastest-growing metro areas in the country. The agency consists of a preferred auto and homeowner customer base with excellent opportunities for growth in cross-selli as well as life/financial services.
Asking Price
$712,500
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Posting: 282109 | Available | 8/10/23
Well-established Allstate agency, with almost 3 yrs in the same location. Located just off a main road in Marrietta, GA; the book consists of a preferred auto/homeowner customer base with excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$679,000
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Posting: 278684 | Available | 8/1/23
This established, turnkey, 15+ year Allstate Agency is located in the Bronx/Manhattan area of New York. This $4.5M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales and life/financial services.
Asking Price
$1,275,000
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Posting: 278708 | Available | 7/27/23
This is one of the few Allstate-enhanced compensation agencies available in this area. Allstate has been in this location for 20 years. Retention at 85.60% is very high for an ECP agency and has a very profitable loss ratio of 45.69%.
Asking Price
$320,000
Cash flow
$250,000
Revenue
$300,000
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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: 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
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Posting: 278634 | Available | 7/27/23
For sale is an established 35-year Allstate Agency in Beautiful Rock Hill, SC - near bustling Charlotte, NC. This $3.5M agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$799,000
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Posting: 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: 280525 | Available | 6/27/23
For sale is a great opportunity to purchase a large agency in Fort Lauderdale. $4,800,000 of Allstate Premium the remaining is Brokered Property. They have an 86% retention rate and crossline sale potential. If you are an aggressive individual, this is the agency you are looking to purchase.
Asking Price
$1,250,000
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Posting: 278706 | Available | 8/1/23
This is an established $5,000,000-premium Allstate Agency in a prime location for 20+ years. It is a turnkey agency with trained staff who are both P+C and Life licensed. In addition to the commission, various bonus programs are available through Allstate that can boost revenue.
Asking Price
$1,310,000
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Posting: 278704 | Available | 7/27/23
This is a family-run Allstate agency located within a great community in the Louisville area. This $3.3M earned premium agency consists of a preferred auto/homeowner customer base with an excellent opportunity for growth in cross-sales as well as life/financial services.
Asking Price
$650,000
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Posting: 286615 | Available | 5/16/24
We own a grocery store and have a space in our parking lot for either a food truck or a taco truck. It is a very busy store and is a great space with lots of homes in community. Terms are negotiable. (Store is open from 6am to 12am, so no issue on hours of operation).
Lease Amount
$0
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Revenue
$1,051,340
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$160,000
Posting: 282462 | Available | 5/13/24
A full-service electric contractor 65 years of experience serving Bay Area Customers. With projects ranging from ground-up to design-build, tenant improvements, seismic upgrades, historic renovations, remodeling & more.$30M approx projects pending 2023.12 Vehicles Included
Asking Price
$800,000
Cash flow
$384,000
Revenue
$732,000
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Posting: 286371 | Available | 5/13/24
For sale is a high-volume location in a beautiful vacation destination city. It is 8 years old and is already one of the highest volume locations in Northern Ca. With ample parking, loyal customers, and is the only laundromat in town! Serious inquiries only.
Asking Price
$1,800,000
Cash flow
$82,216
Revenue
$731,213
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$150,000
Posting: 283846 | Available | 5/18/24
This charming breakfast and lunch restaurant caters to your taste buds for breakfast and lunch. In business for 25 years and nestled in the heart of a rustic marina, this restaurant is a cozy and inviting space that exudes a warm, rustic ambiance. Our menu features a delectable array of dishes.
Asking Price
$150,000
Total Investment
$100,000
Min Liquid Cash
$80,000
Net Worth
$100,000
Posting: 284068 | Available | 5/15/24
S.A.M offers individuals and companies of all sizes the opportunity to fulfill a passion for nurturing young minds while running a profitable and rewarding business. Our program uses the two-pillared approach of Classroom Engagement and Worksheet Reinforcement.
Franchise Fee
$25,000
Cash flow
$434,523
Revenue
$848,523
Down
$1,300,000
Posting: 283676 | Available | 5/12/24
This business is a distinguished consulting firm in workplace training programs geared towards public safety professionals, private organizations, non-profits, healthcare professionals, and municipalities. It distinguishes itself placing a strong emphasis on the cultivation of essential soft skills.
Asking Price
$1,300,000
Cash flow
$350,574
Revenue
$3,578,262
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$200,000
Posting: 285442 | Available | 5/18/24
For sale is California Co with its distribution center located in the Southwest US. It has been established for 24 years. They sell hardware products for consumers and professionals. They are a distributor/manufacturer of premium products that are sold online and through big box retailers.
Asking Price
$1,295,000
Cash flow
$46,623
Revenue
$381,554
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$35,000
Posting: 286109 | Available | 5/17/24
This is a rare full-service salon in the heart of a bustling neighborhood an inviting full-service salon located in a prime area close to multiple apartment buildings and hotels, in a historic location. Offering a range of luxurious services including haircuts, balayage, highlights, nails, etc.
Asking Price
$89,000
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Revenue
$907,962
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$125,000
Posting: 283950 | Available | 5/18/24
This is a fully equipped retail tire sales and service center for sale. The sale includes $50,000 of inventory. Price can be reduced by the inventory amount if Buyer does not wish to take over the inventory. Property is available for sale at $2,490,000 or can be leased.
Asking Price
$125,000
Cash flow
$851,672
Revenue
$3,430,536
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Posting: 284146 | In Contract | 5/17/24
With a successful track record for over 25 years, this business has provided janitorial and cleaning services to over 150 recurring clients throughout San Diego County. Consistently generates over $3million in recurring revenue year over year with impressive profit margins between 26-27%.
Asking Price
$3,500,000
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
$127,008
Revenue
$1,617,809
Down
$300,000
Posting: 283543 | Available | 5/18/24
Founded in 1960, this company has completed wide-ranging residential projects from full bathroom and kitchen remodels to constructing a basement under an existing home. The company runs with a long-term crew and a designer who also serves as the office manager.
Asking Price
$300,000
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Posting: 286142 | Available | 5/14/24
Award Winning Aveda Salon is for sale. The salon and spa is located in the vibrant, sought-after neighborhood of Ocean Beach, San Diego.
Asking Price
$130,000
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N/A
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Posting: 284324 | Available | 5/15/24
This is a high-end nail & massage Salon for sale in Central San Diego. It is a beautiful salon in a great location with an excellent reputation. There are currently 8 nail techs and 2 massage technicians. There is room for 4 more nail techs and another massage technician. The techs are all paid 50%.
Asking Price
$99,000
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Posting: 285056 | Available | 5/16/24
Experience the epitome of elegance and refinement at our renowned establishment, where breathtaking views, exquisite dining, and a romantic ambiance converge to create an unparalleled dining experience. It is recognized as the Inland Empire's premier destination for romance and ambiance.
Asking Price
$2,500,000
Cash flow
$336,271
Revenue
$603,248
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Posting: 285968 | Available | 5/16/24
This highly profitable med spa weight loss clinic can be run by a skilled nurse practitioner or physician assistant. Services include weight loss, laser hair removal, and skin rejuvenation. This MedSpa offers the latest in cosmetic procedures.
Asking Price
$749,000
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
$200,000
Revenue
$1,046,000
Down
$181,250
Posting: 284627 | Available | 5/14/24
New Pricing! These are ten FedEx home & ground delivery routes for sale for $725,000. Currently grossing at $1,046,000 + and has estimated adjusted cash flow of $200,000 + per year. This includes 10 FedEx delivery vehicles that are worth an estimated $313,000 and 11 employees (FT & PT) in place.
Asking Price
$725,000
Cash flow
$132,248
Revenue
$240,893
Down
$225,000
Posting: 284110 | Available | 5/18/24
This company is a well established precision metal machining business located in Auburn, CA. Customers include the growing optical industry, aeronautical as well electronics and food industries. The company can start with a sketch and deliver high quality parts that meet the most demanding specs.
Asking Price
$225,000
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
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Posting: 284472 | Available | 5/15/24
This is an exceptional restaurant & banquet facility for sale! This is a full-service banquet facility with ABC Type 47 liquor license & ABC Type 58 for catering. They have a seating capacity of over 360. There is vast parking space for guests and it is easily accessible from major freeways.
Asking Price
$4,500,000
Cash flow
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Revenue
$960,000
Down
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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
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Revenue
$525,000
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Posting: 285786 | Available | 5/17/24
This established pizza business is known for its premium pizzas and commitment to quality. While the current owner prioritizes quality over quantity, there's ample room for a new owner to convert to their own vision. It is a prime location in a shopping center with high visibility.
Asking Price
$245,000
Cash flow
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$10,000
Posting: 286567 | Available | 5/14/24
For sale is an upscale full-service modern hair salon with in the heart of Downtown Alhambra. This salon has 10 stations and 3 shampoo bowls. The salon offers precision haircuts, custom coloring, re-texturizing straight and curly hair, and updos. Individual room for lash extensions, massage& waxing
Asking Price
$65,000
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Posting: 285637 | Available | 5/18/24
This is a great opportunity to get into the bar business. This establishment has been around for over a decade. The neighborhood bar is located in a vibrant setting surrounded by multiple restaurants and other bars. This bar is known for creative and fun cocktails. A local iconic spot with regulars.
Asking Price
$399,999
Cash flow
$50,000
Revenue
$380,000
Down
$154,900
Posting: 284866 | Available | 5/18/24
This is your opportunity to own a Baskin Robbins ice cream store in Sunny San Diego County. Baskin Robbins is the #1 ice cream franchise in the World. The store opened in July 2017. The current owner purchased the store in January 2019. It is located in a great shopping center.
Asking Price
$154,900
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Posting: 286238 | Available | 5/16/24
Historic restaurant and bar, East of Alpine. This stand-alone 4,500 sq. ft building with a patio and full kitchen equipped with an A1 hood. Keep it as is or explore new concepts. ABC type 47 license available separately. Unlimited potential for menu expansion, live entertainment, and marketing.
Asking Price
$199,000
Cash flow
$235,000
Revenue
$1,740,000
Down
$210,000
Posting: 286256 | Available | 5/14/24
Work in a recession-resistant industry where weekly pay is guaranteed. Straightforward business model - simply manage your fleet and team of drivers. No accounts receivable. No rental space required. No inventory required. No marketing required. Steady, predictable revenue.
Asking Price
$875,000
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingSouthern California
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
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
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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.
Throughout the recession, it was very difficult to get approved for business purchase financing. If you are considering incorporating some alternative funding sources in your next small business acquisition, here is what you need to know to protect yourself and your investment.
In my opinion and experience, an LOI may very well be appropriate for lower middle market transactions of $5,000,000 or more; but, for deals less than that an Asset Purchase Agreement ("APA") with contingencies on the actions of the buyer (and seller) is much more efficient and effective.
Using an earn out can benefit both buyer & seller of a business purchase. A recent question by a buyer in the BizBen ProBuy Program about the best way to structure a business earn out prompted me to ask a panel of BizBen Resources how they would deal with the buyers question on earn out structures.
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.
80% of all California business buyers never end up buying a business! Many factors contribute to this statistic, but by following the points below and utilizing the ProBuy Method of buying a business you should be successful in locating a business that interests you and completing the transaction!
You have a strong entrepreneurial spirit. You know you want to be a small business owner. Now what? Do you buy an existing business or start one from scratch? An existing business can save a lot of time and effort. I will share with you some of the advantages of buying an existing business.
Showing your business when selling is one of the most important steps in the sale process & how it is done will greatly affect the selling price. There are two areas to be concerned with, how the business looks & how you react to the prospective buyer.
For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
In our BizBen.com June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future.
Sometimes business brokers just can't win with their clients, because if an offer comes in too fast & too early then they must have lowballed the price & the seller is suspicious, and if not enough offers come in after putting the business on the market - they may look unproductive to their clients.
As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.
When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA a business purchase financing expert delves into the myths regarding SBA financing and business purchase financing.
We're hearing more and more about "crowd funding" through sites like gofundme and kickstarter as a possible way to raise the cash needed to buy a small business. This method of collecting funds has proven successful in other kinds of situations. Could this strategy work when buying a small business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Peter Siegel, MBA (BizBen ProBuy Program) and others explain a few of the ways that a buyer can beat out other buyers.
When purchasing a small to mid-szied business, there are a multitude of things to evaluate. One area that is often overlooked is the business's culture. Peter Siegel, MBA with BizBen discusses with potential buyers the importance of understanding how the business runs on a day-to-day basis.
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.
It's important to remember that selling a business takes time. Unlike selling a house, which can be sold relatively fast, a business can take up to six months to a year to sell. I discuss this topic with other advisors and intermediaries on this BizBen Discussion.
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion are aspects of a business that really drives its value and pricing. A business owner asked me this question today so I wanted to get others view points as well in this Discussion.
It can take months, sometimes longer to sell a small business. Here are 6 questions plus other information from myself plus other BizBen Users to ask yourself to help you determine why your small to mid-sized California business isn't selling. You might be surprised what those reasons are!
Should I Sell My Business During The Holidays Or Wait Till After The New Year? Business Broker Joe Ranieri and others chime in on this BizBen Discussion about selling a business during the Holiday Season.
Applying for a business acquisition loan can be challenging for someone who hasn't been through that process in the past. If one has a mortgage one knows that the value of the property being pledged has to at least equal the amount of the loan, SBA loans to buy a small business are very different.
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Peter Siegel (BizBen ProBuy Program) discusses this topic with others.
At What Point Do You Show Key Marketing Info And Materials To Buyers? Robb Hartman, Business Broker at BizBen discusses this topic with others on this BizBen Discussion.
Business buyers many times ask in my ProBuy consulting sessions - how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic.
The owner selling the business doesn't have recent financial information or documentation but insists revenues are increasing. Should buyers believe the seller? What should buyers do in this situation? ProIntermediaries on BizBen answer the question of verifying seller / owner's financial claims.
When considering buying a business that is losing money one has to be very careful. There are reasons that the business could be losing money that aren't fatal or extremely difficult to fix and there are other reasons that should send you running in the other direction. Peter Siegel, MBA explains.
Asking the seller straightforward questions and getting straightforward answers in return is an important part of the buying and due diligence process. In this Discussion, both ProIntermediaries and Advisors offer thorough questions you should be asking during your meeting with a business seller.
Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic.
