BizBen Discussions About Buying A Business - Join Our Online Conversation

Comments & Replies: 1 Views: 201

Posted By: Joe Ranieri

Can A Business Seller Back Out Of Escrow If They Simply Change Their Mind?

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: 2 Views: 803

Posted By: AJ Rana

Buying A Small Business: Why Is It Important To Look At Its Tax Filings?

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: 504

Posted By: Joe Ranieri

How Do I Prepare My Restaurant To Sell Amongst Mandatory Minimum Wage Hikes?

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: 893

Posted By: Joe Ranieri

What Are Some Tips On Buying A Butcher Shop, Meat Market?

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: 3 Views: 1437

Posted By: Joe Ranieri

Is The Old Adage True: Your First Offer Is The Best Offer - When Selling A Business?

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: 1977

Posted By: Chuck Post

What Factors Contribute To Coin And Card Laundry Business Valuations?

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: 2370

Posted By: Christina Lazuric

Is Buying A Service Based Business A Good Choice These Days?

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: 3 Views: 2506

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: 2 Views: 2401

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: 1665

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: 4061

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: 10 Views: 5920

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: 4684

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: 2777

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: 4475

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: 5445

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: 3629

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: 2473

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: 5759

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: 2679

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.

BizBen Discussions, Comments, Replies About Buying A Business

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