When buying a business you may also have the option to buy the building it occupies. There are advantages and disadvantages to owning commercial property. In order to determine whether or not you should buy the property that comes with a business purchase, here are a few questions to ask yourself. Contributor: Peter Siegel, MBA
Utility rates are on the rise. I am getting calls from laundry owners complaining of the costs, asking for ideas. So what is the answer? What is the best approach in combating these costs? Chuck Post, laundry consultant discusses strategies for keeping coin laundry utility costs under control. Contributor: Chuck Post
Buying a California business involves reviewing due diligence checklists so buyers can learn enough to determine whether to proceed with a deal. Here's a due diligence checklist of the items a buyer should request for review, and sellers should plan to make available for a serious purchaser. Contributor: Peter Siegel, MBA
Four factors to consider when buying a bar. Peter Siegel with BizBen.com discusses: The advantages and disadvantages of a bar that serves food as well as liquor. Staffing, inventory control and owner involvement as they relate to a good business are summarized. Benchmarks when looking at financials. Contributor: Peter Siegel, MBA
Buying a coin laundry like other types of small business purchases has its nuances. Chuck Post a laundry specialist specializing in assisting those selling and buying coin laundries shares his knowledge with coin laundry buyers and what to watch out for when searching for and buying laundromats. Contributor: Chuck Post
The coin laundry industry is nearly 50 years old and most laundries are operated by individual owners. Mike Hurrell with Golden State Laundry Systems discusses how to buy a coin laundry. Topics include financing a coin laundry, what to look for, what types of laundries are available in Southern CA. Contributor: Mike Hurrell
Selling a business online, while often effective for finding the right buyer, is a strategy sellers need to execute correctly in order to be successful. That means avoiding the six common mistakes made by sellers. Peter Siegel, BizBen Founder talks about what it takes to effectively sell a business. Contributor: Peter Siegel, MBA
When selling a California business, owners should use our salability checklist to determine whether the effort will be successful. Ten factors must be considered to properly prepare a business for sale. Three of the factors account for more than 50% probability of achieving success in selling! Contributor: Peter Siegel, MBA
The laundry business offers all of those rewards of business ownership, with much fewer headaches than with most other businesses. However buyer beware - Chuck Post, laundry broker and consultant covers several mistakes many first time laundry buyers commit when buying a California laundromat. Contributor: Chuck Post
In my experience working with the "right banks and financial institutions" repayment ability sometimes overrules collateral pledged by someone needing financing for a business purchase or a down payment. Peter Siegel, MBA - BizBen's ProBuy, ProSell Lead Facilitator explores this important topic. Contributor: Peter Siegel, MBA
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