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Comments & Replies: 9     Views: 13254     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
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.
Comments & Replies: 3     Views: 2451     Posted By: Broker/Consultant  
Escrow periods vary depending on type of business, licenses involved, and a host of other business for sale factors. Joel Miller (Southern California Elderly Care Home Specialist) initiates this discussion on how long escrow should last and if it's even important on how long it may last.
Comments & Replies: 2     Views: 7293     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
What are some ways a broker can prevent a buyer and seller from doing a deal behind their back and what to do about it if it happens? Joe Ranieri (Orange County Business Broker) discusses ways a business broker or agent can protect themselves from buyers and sellers trying to circumvent them.
Comments & Replies: 8     Views: 9177     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
When selling a small to mid-sized business, owners should have their paperwork and financial information ready to go! They should also have a short business plan of past history, current operations, and potential for the future. In this BizBen Discussion several advisors and intermediaries weigh in.
Comments & Replies: 1     Views: 10894     Posted By: Chuck Post   Chuck Post: Laundry Specialist, Consultant, Due-Diligence
Are laundries good investments for buyers? Chuck Post, (at 619-227-5711 - California laundry consultant, due diligence services, and laundry buyer representation) discusses this topic with other advisors & brokers in this BizBen Discussion about laundry investments and if they are good investments.
Comments & Replies: 1     Views: 5385     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
What should you look out for when buying a beauty salon business? Buyers kept asking us so I decided to go over the basics plus a bit more and discuss items like: independent contractors vs employees, inventory considerations, licensing issues, escrow considerations, and of course valuation ranges.
Comments & Replies: 1     Views: 2779     Posted By: Broker/Consultant  
Does the location of an elderly care facility matter when buying this type of business? Joel Miller (an Elderly Care Facility Specialist Intermediary & Consultant) feels it's very important for many reasons - many which you probably hadn't thought of. Before buying a care facility - read this post.
Comments & Replies: 6     Views: 3145     Posted By: Business Broker  
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.
Comments & Replies: 5     Views: 2232     Posted By: Business Broker  
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.
Comments & Replies: 3     Views: 6939     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
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.
Comments & Replies: 4     Views: 7130     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
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.
Comments & Replies: 3     Views: 3172     Posted By: Broker/Consultant  
Are you thinking of buying into one of the fastest growing industries in California? Joel Miller a Senior Care Specialist covers this topic in his latest Discussion on BizBen. This Discussion covers: What to look for when touring a Care Home, how to proceed with pre and post due diligence issues.
Comments & Replies: 3     Views: 9374     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
Joe Ranieri, (Orange County Business Broker) discusses how to convert restaurants: buy an existing inexpensive restaurant and then converting it to another concept. He discusses finding the right location, working with the landlord, notifying existing clients, and observing restaurant trends.
Comments & Replies: 2     Views: 36315     Posted By: Chuck Post   Chuck Post: Laundry Specialist, Consultant, Due-Diligence
Chuck Post a laundry consultant, specialty broker, buyer representative & due diligence advisor starts this discussion on why it's important to have an exit strategy in mind while buying a laundromat! He & others explain why this concept is so important for buyers especially in the laundry business.
Comments & Replies: 5     Views: 7483     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
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.
Comments & Replies: 8     Views: 9929     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
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.
Comments & Replies: 14     Views: 16387     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director
Who really represents the buyer? The selling broker or agent through dual agency? Many brokers and agents weigh in on this Discussion on BizBen. Bottomline is all business buyers need to know who really represents them and has their best interest at heart when seeking and negotiating on deals.
Comments & Replies: 1     Views: 18242     Posted By: Peter Siegel MBA   Peter Siegel MBA: Business Purchase Financing Expert
Buying a gas station can be a profitable business. From my experience, here are the pros & cons of buying a gas station that I share with BizBen ProBuy Buyers when they come to me to to get pre-qualified for financing to buy a gas station (with or without real estate). I discuss all these factors.
Comments & Replies: 2     Views: 8946     Posted By: Peter Siegel MBA   Peter Siegel MBA: Business Purchase Financing Expert
In this Discussion, we define financing options available to potential restaurant buyers when purchasing a small to mid-sized restaurant business (with or without real estate). When it comes to financing a restaurant purchase, potential restaurant buyers have several options to choose from.
Comments & Replies: 5     Views: 8104     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
When should the training of the new buyer of the business actually begin? Before escrow, during escrow, or only after the keys of the business are handed over to the new owner of the business. Joe Ranieri (Orange County Business Broker - Restaurant Specialist at 714-292-5448) starts this Discussion.
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