Most owners know that when choosing a broker to help sell your business, it's good to find out about his or her background and maybe get some references of people who've worked with the professional. Before signing a listing agreement, it helps to know these extra things about the business broker. Contributor: Peter Siegel, MBA
I Work Primarily In Commercial Real Estate. We Have From 8-15 Business Listings At A Time. I Also Do Financing For Commercial Properties.
Entrepreneurs who think they want to buy a towing business need to have some idea of what to look for when examining businesses for sale in this industry. The assets, including tow trucks and perhaps the property where towed vehicles are stored, determine much of the value of this kind of company. Contributor: Peter Siegel, MBA
Specializing in Restaurant & Bars in Central and Northern California. I believe it is vital to have the seller and buyer be informed during all phases of the transaction and have both parties feel they are in a win/win environment.
The unfortunate truth is that approximately 50% of all small business sales transactions fall through. While failed transactions can happen for a variety of reasons, Peter Siegel, MBA (BizBen Founder & Lead Advisor) discusses the most common reason deals fall through; unrealistic asking prices. Contributor: Peter Siegel, MBA
A business buyer in the BizBen ProBuy Program asks how to handle the inventory amount in the purchase price of a business. Other questions answered in this article: Do you add the inventory value to the business value? Should the owner be expected to take back a note for the value of the inventory? Contributor: Peter Siegel, MBA
Recognizing that 70% of the California small and mid-market-sized businesses offered to buyers are never sold, and that some of the obvious reasons - over-pricing, inadequate records, insufficient lease - have been discussed in detail, it might be useful to point out lesser known problems. Contributor: Peter Siegel, MBA
When on your search to buy liquor store businesses, consider additional ways that you may use the location to generate additional revenue streams. Peter Siegel, MBA with BizBen.com discusses buying California liquor stores. Contributor: Peter Siegel, MBA
As an Advisor On BizBen I talk to many California business owners, business buyers, brokers, and agents on a daily basis about valuing California small to mid-sized businesses. Many key factors go into this analysis including market demand, history of earnings, and even how the deal is structured. Contributor: Peter Siegel, MBA
Approaching business owners directly to see if they want to sell can sometimes work well for business buyers searching to buy a business. Another way is to broadcast your search criteria via the BizBen ProBuy Program to all brokers, agents, and intermediaries who sell businesses in California. Contributor: Peter Siegel, MBA
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