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Comments & Replies: 3     Views: 3184     Posted By: Business Broker  
Small business sales happen in good times and bad, but even good economies affect the way in which they sell. But the truth is that not every small to mid-sized business sells and not every marketplace is good. I explore these concepts and other factors that affect a sale in this BizBen Discussion.
Comments & Replies: 1     Views: 3919     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
The restaurant business is a tough business to be in, no one can dispute that, and so it's imperative that an owner's equipment is in good working condition. A new owner should make sure that the restaurant's equipment is in good working order before they close escrow. We discuss this topic.
Comments & Replies: 1     Views: 5790     Posted By: Attorney  
An E-2 Visa & Immigration Attorney here in California addresses some of the more commonly asked questions regarding this topic about buying and selling small businesses with E-2's on BizBen Blogs and Podcasts - E-2 Visa information & strategies for business buyers and sellers.
Comments & Replies: 3     Views: 2774     Posted By: Marketing Consultant  
Posting business for sale listings on social media websites has become an increasingly popular, yet unproductive trend amongst business brokers. When posting your listings online, consider your audience and where potential business buyers and business owner/sellers spend their time online.
Comments & Replies: 2     Views: 2602     Posted By: Marketing Consultant  
As a business broker, branding yourself with consistent and ongoing content is critical to your long-term success. Branding yourself protects you from outside factors that may affect your company's brand in the future and allows you to continue making progress if your company's circumstances change.
Comments & Replies: 2     Views: 6457     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
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.
Comments & Replies: 3     Views: 5632     Posted By: Business Broker  
Business tax filings are very important factor in determining the credibility of business financials. Just seeing those financials, you can't determine whether those values are overstated or not. Some business owners provide made up financials to buyers - so, that's where tax fillings come in.
Comments & Replies: 1     Views: 1795     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
A point of back ground, back in 2016, California Governor Jerry Brown signed into law an increase to the state minimum wage from $10 to $15 per hour. The increase is gradual and goes up about a dollar a year and maxes out at $15 an hour in 2022. Here is some advice in handling this new increase.
Comments & Replies: 1     Views: 5964     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
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.
Comments & Replies: 4     Views: 5104     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
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.
Comments & Replies: 1     Views: 6356     Posted By: Chuck Post   Chuck Post: Laundry Specialist, Consultant, Due-Diligence
We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.
Comments & Replies: 2     Views: 26732     Posted By: Christina Lazuric   Christina Lazuric: Business Broker, Orange County
I've been selling small businesses a long time and I get many call from business buyers who are open to buying something but aren't sure what would be a good investment. I'll get asked what I would buy if I was them and my answer is always the same, "a service-based business". I explain why here.
Comments & Replies: 4     Views: 6386     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
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.
Comments & Replies: 2     Views: 4623     Posted By: Business Broker  
Buyers, when inquiring about a business, remember that you are asking for confidential information. Even the fact that the business is for sale is confidential and the premature exposure of the sale could damage the business and its owner.
Comments & Replies: 1     Views: 3602     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
Pool Halls/Billiards in America, currently is seeing a resurgence, mainly due to pool hall owners catering to a millennial crowd who is growing up with playing pool and other games on their phones and later mingling with others and playing the sport for real. Read about the best tips for buying one!
Comments & Replies: 9     Views: 5437     Posted By: Timothy Cunha JD   Timothy Cunha JD: Business Broker, SF Bay Area
Just had a discussion with a owner/seller about non-disclosure agreements and confidentiality agreements when selling a business. Here was her question: "I am selling my business and I have heard I should have potential buyers sign a NDA. What items of information should I have on my NDA?"
Comments & Replies: 1     Views: 7555     Posted By: Peter Siegel MBA   Peter Siegel MBA: Business Purchase Financing Expert
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.
Comments & Replies: 10     Views: 10879     Posted By: Peter Siegel MBA   Peter Siegel MBA: Business Purchase Financing Expert
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.
Comments & Replies: 8     Views: 8344     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
A buyer who I have been consulting with on the BizBen ProBuy Program is looking to buy a liquor store (and possible other "cash" oriented businesses). They asked me how they should verify cash being generated by the business and how to go about conducting due diligence etc.
Comments & Replies: 2     Views: 4554     Posted By: Business Broker  
After speaking with literally thousands of owner/sellers in the San Diego County area, I think I have heard all the reasons why a small business owner/seller wants to sell. But does it really matter their reason? It may shock you to hear mostly I don't think so.
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