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BizBen Discussions, Comments, Replies About Buying A Business

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Comments & Replies: 1     Views: 4047     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: 5906     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: 2     Views: 6597     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: 5786     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: 1819     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: 6137     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: 5315     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: 6528     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: 27010     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: 6534     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: 4646     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: 3677     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: 1     Views: 7639     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: 11132     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: 8480     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: 4580     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.
Comments & Replies: 5     Views: 6577     Posted By: Rob Hartman   Rob Hartman, Business Broker, SF Bay Area
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: 21424     Posted By: Rob Hartman   Rob Hartman, Business Broker, SF Bay Area
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: 6276     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
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: 3660     Posted By: Joe Ranieri   Joe Ranieri, Business Broker: LA, Orange County Areas
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.
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