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Comments & Replies: 3     Views: 12850     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
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: 39394     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: 9434     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
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: 11945     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
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: 20627     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
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: 23473     Posted By: Peter Siegel MBA   Peter Siegel MBA: Business Purchase Financing Advisor
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: 11808     Posted By: Peter Siegel MBA   Peter Siegel MBA: Business Purchase Financing Advisor
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: 10787     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
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.
Comments & Replies: 2     Views: 11547     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
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.
Comments & Replies: 6     Views: 12001     Posted By: Timothy Cunha JD   Timothy Cunha JD: Business Broker, SF Bay Area
How do you determine the value of your business when you go to sell or even buy a business? There are so many factors and that is usually one of the first items serious buyers inquire about. When a business broker or agent goes to sell a business this should be one of the first tasks they perform.
Comments & Replies: 6     Views: 4962     Posted By: Business Broker  
Are business buyers too impulsive and impatient about initial asking prices? I feel buyers of businesses should first explore the small to mid-sized business being sold and then come to some conclusion on a potential price to offer - I would like to see what others have to say about this topic.
Comments & Replies: 15     Views: 27183     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
It seems like these days that's all I hear from buyers in the BizBen ProBuy Program is they want a absentee or semi-absentee business to buy. I understand why, but most buyers don't understand how difficult that is to accomplish this feat successfully. I address this with other Advisors on BizBen.
Comments & Replies: 3     Views: 5466     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
What qualities should you look for in a escrow and bulk sale service when buying/selling a business? I often get asked this question by other brokers and business sellers. See what I tell others and what other BizBen Advisors have to say on this topic in this Discussion.
Comments & Replies: 2     Views: 8353     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
What are the Pros & Cons of selling a business yourself? I get asked this question all the time and would like to share with other Intermediaries on BizBen all the angles of business owners taking the initiative and selling their own business.
Comments & Replies: 2     Views: 14088     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
How much money should you expect to make when buying an automatic car wash? Peter Siegel, MBA (BizBen ProBuy Program Director and Business Purchase Financing Expert) explains with other brokers, intermediaries, and advisors info on this topic.
Comments & Replies: 3     Views: 7685     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
Buying a business with a partner/partners, family members can make one think twice about ever doing it twice! However in this BizBen Discussion Post I chat with others about identifying roles, defining goals, attorney visits, and other relating issues.
Comments & Replies: 4     Views: 10012     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange Counties
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.
Comments & Replies: 2     Views: 9690     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
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.
Comments & Replies: 4     Views: 17950     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
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.
Comments & Replies: 4     Views: 11127     Posted By: Peter Siegel MBA   Peter Siegel MBA: BizBen Founder, Lead Advisor
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!
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