BizBen Discussions About Buying A Business - Join Our Online Conversation

Comments & Replies: 2 Views: 349

Posted By: Joe Ranieri

What Are Some Tips In Ensuring A Smooth Transition When Buying A Business?

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: 1 Views: 778

Posted By: Ken Oppeltz

Buying A Business Is Not Like Playing Poker: You Need To Show Your Cards

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: 732

Posted By: Joe Ranieri

What Are Some Tips On Buying A Billiards, Pool Hall Business?

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: 1 Views: 3523

Posted By: Peter Siegel MBA

Is Cash Flow Critical If Requesting A Business Acquisition Loan?

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: 9 Views: 4219

Posted By: Peter Siegel MBA

Should I Buy A Small Business That is Losing Money?

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: 4058

Posted By: Peter Siegel MBA

Cash Based Businesses: How Do I Confirm Cash Being Represented?

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: 1938

Posted By: Ken Oppeltz

Why Is The Seller Selling? And Should That Reason Influence Your Decision?

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.

Comments & Replies: 5 Views: 4106

Posted By: Rob Hartman

Is The True 100% Absentee Owner Business a Myth?

Is buying a truly absentee run business really viable? I take a look at this concept with others on BizBen and explore how this can be done. What size businesses, what types of small businesses can be truly run absentee without the owner milling about running a venture? I give my views.

Comments & Replies: 2 Views: 4252

Posted By: Rob Hartman

An Alternative Approach To Finding And Buying An Absentee Run Business

As a business broker, the phrase I hear most often from my buyer clients is, "I am looking for an absentee owner business." Since it is such a popular topic of discussion, let me offer an alternative method of business selection with several ideas and tips that I offer my buyer clients when asked.

Comments & Replies: 2 Views: 2522

Posted By: Joe Ranieri

Should Sellers Of Small Businesses Give Potential Buyers Their Tax Returns?

Should small business owners/sellers give potential buyers direct access to their tax returns (and potentially to copies direct from the IRS) either before or during the due diligence process? Several business brokers and advisors discuss this topic on BizBen Discussions.

Comments & Replies: 1 Views: 1771

Posted By: Joe Ranieri

Buying A Restaurant: What Are Things To Consider When Buying A Seasonal Restaurant?

Buying a seasonal small business restaurant can be challenging, but Joe Ranieri a business broker restaurant specialist and others in this BizBen Discussion review multiple ways to offset these factors and still get the most from buying and operating a small to mid-sized seasonal restaurant.

Comments & Replies: 4 Views: 3876

Posted By: Mark Chatow

Buying A Business: What Should Be Included In Escrow Instructions?

Once you have successfully negotiated the Asset Purchase Agreement ("APA") for your acquisition it's natural to relax a little and let your guard down. Attorney Specialist Mark Chatow discusses what business buyers should look out for when opening escrow and getting escrow instruction in place.

Comments & Replies: 1 Views: 2544

Posted By: Broker/Consultant

Elderly Care Homes: 5 Questions Buyers Should Not Be Afraid To Ask

When buying an Elderly Care Home what should potential buyers always ask the broker or owner before proceeding? Find out in this Discussion on BizBen. Items buyers of elderly care homes will want to know more about why the seller is moving on, average length of stay, placement fees paid, etc.

Comments & Replies: 2 Views: 5297

Posted By: Peter Siegel MBA

SBA Loans To Buy A Business: What Are Some Common Myths?

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.

Comments & Replies: 3 Views: 3331

Posted By: Broker/Consultant

Top 5 Reasons Why Businesses For Sale Fall Out Of Escrow

50% of all California small business for sale transactions fail to complete. Why do businesses for sale fall out of escrow? Joel Miller (a senior care business specialist) discusses his 5 top reason why businesses fall out escrow along with other brokers, advisors on this BizBen Discussion.

Comments & Replies: 14 Views: 7345

Posted By: Peter Siegel MBA

What Factors Are Considered In A Small Business Valuation?

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.

Comments & Replies: 2 Views: 3515

Posted By: Peter Siegel MBA

Is Crowd Funding A Viable Way To Raise Money To Buy A Small Business?

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?

Comments & Replies: 3 Views: 1950

Posted By: Broker/Consultant

As-Is Sale! Is An As-Is Sale Possible In Sales Of Small Businesses?

Is an As-Is sale of a small business achievable by owners when selling a business? Brokers and agents hear this all the time from sellers when procuring listings. Joel Miller (a Southern California Senior Care Services Intermediary) discusses this topic with others on this BizBen Discussion.

Comments & Replies: 4 Views: 4770

Posted By: Peter Siegel MBA

Is There Such A Thing As Paying Too Little 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.

Comments & Replies: 3 Views: 1866

Posted By: Broker/Consultant

What Is The Standard Escrow Time Period And Is That Even Important?

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.

BizBen Discussions, Comments, Replies About Buying A Business

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