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BizBen Discussions, Comments, Replies About Seller Notes

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Any Tips On Buying A Dog Grooming Business?

Posted By: Joe Ranieri, Business Broker: LA, Orange Counties, California.   Is a dog grooming business for you? Business broker Joe Ranieri ponders this question with BizBen viewers and answers this question along with other intermediaries and advisors. Some replies cover: brick and mortar vs. mobile, licenses & certifications, maintaining and growing a clientel, etc.
Cash Based Businesses: How Do I Confirm Cash Being Represented?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   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.
Is This A Good Time To Buy A Laundry Business?

Posted By: Chuck Post: Laundry Specialist, Consultant, Due-Diligence.   How does the laundromat business look as we enter this changing environment? Is it still as easy to operate a laundry and be profitable? Is it still the American Dream Business that it has been known to be? Yes, but… Chuck Post, Laundry Advisor & Consultant initiates this BizBen Discussion post.
Should I Buy A Small Business That is Losing Money?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   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.
Brokers Not Returning My Calls/Emails: How Do I Get Them To Get Back To Me?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   There can be many reasons why Brokers take awhile to get back to potential Buyer & to other Brokers and Agents if they are cooperating on the listing. Broker's reasons include: unprofessionalism, too busy, the listing is no longer available, the buyer doesn't sound viable, etc. We discuss them all.
How Long Is A Standard Non-Compete Agreement?

Posted By: Joe Ranieri, Business Broker: LA, Orange Counties, California.   For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
What Mistakes Should Serious Business Buyers Avoid?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Every day I speak to business brokers, business owner/sellers and I hear some pretty amazing stories about potential buyers of small businesses. I tend to ask them what buyer traits do you listen for to see of a potential buyer is serious? What traits or buyer actions are "deal killers"?
Should A Buyer Be Allowed To Operate A Business Before Escrow Closes?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Business buyers, brokers, owner/sellers all ask this question at some point. So I decided to ask some of the top Intermediaries in the marketplace what they thought of the idea. Most of the ProIntermediaries on BizBen agreed with me on taking early possession before the close of escrow.
As A Business Buyer What Questions Should I Ask The Seller?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Asking the seller straightforward questions and getting straightforward answers in return is an important part of the buying and due diligence process. In this Discussion, both ProIntermediaries and Advisors offer thorough questions you should be asking during your meeting with a business seller.
What Info And Factors Play Into A Laundromat Valuation?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   However all the laundry listings are asking 4X to 5X multiple for an asking price! Is this reasonable, standard? We are are looking buy either a coin or a card laundry and want to pay a "fair" price. What factors go into valuing a laundry business these days? Multiple Advisors answer this question.
June 2021 Trends & Predictions: BizBen.com Monthly Report

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   In our BizBen.com June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future.
How Much Should I Expect To Make From A Car Wash Business?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   This is a hard question to answer specifically without any knowledge of the business. What kind of car wash it is (auto, self-serve, or full service)?, How many bays does the car wash have? Is there any other streams of revenue? We discuss this topic regarding car washes on this BizBen Discussion.
Pocket Listings - Vast Hidden Market Or Myth With Buyers And Sellers?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   What percentage of businesses for sale that are advertised and/or sold are pocket listings? What is the best way to find out about pocket listings? Are they advertised? Are they a big part of the businesses sold marketplace? In this Discussion ProIntermediaries and ProAdvisors discuss this topic.
Buying A Self-Serve Car Wash Business: What Should My Expectations Be?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Before purchasing a car wash (quick serve or full serve) you must understand that the industry as a whole will provide you with plenty of competition. More importantly, depending on what your interests are, you will identify what type of car wash you want. We discuss this all in this Discussion.
Why Is A Small Business Sale Kept Confidential? How Is That Done?

Posted By: Timothy Cunha JD, Business Broker: San Francisco Bay Area.   Recently a business owner asked me on the phone, "Why do you keep the sale of a business confidential? How do you keep the sale confidential - any good tips?" Would like to hear from other Members - what would be your answer to this business owner? ProIntermediaries on BizBen discuss this topic.
Are Home Healthcare Businesses Good Investments? Future Growth?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   A business buyer asks about the viability and purchase of a home health care service and about the future of this industry - Peter Siegel, MBA takes on this question with other ProIntermediaries & Advisors on BizBen regarding the home health care industry and it's future for potential buyers.
Seller Doesn't Have Recent Financial Figures: What Should I Do?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   The owner selling the business doesn't have recent financial information or documentation but insists revenues are increasing. Should buyers believe the seller? What should buyers do in this situation? ProIntermediaries on BizBen answer the question of verifying seller / owner's financial claims.
I am Selling A Small Business - How Do I Qualify Potential Buyers?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Being prepared when potential buyers contact you about your business for sale is a good idea. Too many sellers (and brokers) are unprepared & miss good opportunities or get involved with unqualified buyers. This Discussion post and answers from ProIntermediaries on BizBen assist with this issue.
Is There Such A Thing As A Buyers Broker Or Representative?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   Can business buyers actually get full representation from a broker? With 70% of all California brokers not cooperating with each other it may be a good idea to have someone on your side representing your interests. Is buyer representation a reality? ProIntermediaries discuss this topic on BizBen.
Buying A Liquor Store - When Do I Perform The Inventory Count?

Posted By: Peter Siegel MBA: BizBen Founder, Lead Advisor.   The only time to get an exact and accurate inventory count, and valuation, is at the time the business is being transferred. To do so beforehand, would mean that any merchandise sold after inventory is taken, but before close of escrow - Peter Siegel, MBA with BizBen & others discuss this topic.

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