Selling a Small Business as a Short Sale
December 05, 2011 by Shelli Margolin
Drowning in business debt!?! Even when a companys sales start increasing, debt can eat away at the profits More and more small business owners are finding that profits are going to servicing their debt and keeping their business operational. In such cases, an option is to sell the business through a short sale. Especially if a business owner is burnt-out, looking at shuttering the business and declaring bankruptcy. Declaring bankruptcy is different as a small business owner. Its not just an anonymous bank or bureaucratic phone company that is owed money; its often suppliers and vendors with whom there are long-term personal relationships. And often, friends and family have invested in the business or lent large sums of money to help keep the business afloat.
Car and Limosine Service for Sale
December 02, 2011 by Stuart Gross
New BizEx Business For Sale: Car and Limosine Service for Sale Stuart Gross just launched a new listing: https://www.bizex.net/listing/430 Car and Limosine Service for Sale Asking: $250,000 * Gross: $335,000 * Net: $102,055 Car and Limousine service for portal to portal reservation only in the Los Angeles area. This long standing service business for sale has a large customer base and has more demand than the current owner can service. This excellent brand in local transport is ripe for expansion. He has active Web addresses and an effective web presence that along with a solid reputation drives his business to overflow. The owner is 70 years old and ready to retire. He operates as a home business so there is very little overhead. A new owner could add vehicles and drivers to accommodate the overflow that is sent to other vendors every day. Consistent revenues and lond standing customer base make for a stable business.
November 21, 2011 by Shelli Margolin
By Shelli Margolin, Restaurant Business Broker In the current economy, many restaurants that once thrived are sadly no longer able to sustain a positive cash flow. However, the good news is that selling a restaurant that is operating under a loss or poor revenues is possible. The biggest barrier to entry in the restaurant industry is the initial build-out costs. If your restaurant has a functioning hood, flood drains, three part sink and a permitted refrigerator unit, then your restaurant will sell. If you have a liquor license, your restaurant will sell for more! The most common obstacles to selling your restaurant are: 1. The price you want vs. the actual market price 2. Messy, incomplete or none existent books and records 3. Deferred maintenance 4. Not being up to code 5. Expiring lease 6. Time and energy Preparation is the best way to overcome these obstacles:
November 18, 2011 by Jered Chapman
New BizEx Business For Sale: Organic Dry Cleaning Jered Chapman just launched a new listing: https://www.bizex.net/listing/438 Organic Dry Cleaning Asking: $35,000 * Gross: $0 * Net: $0 This Up-and-Coming, Environmentally-Friendly Dry Cleaners is poised for rapid growth! One of the best Dry Cleaning deals anywhere in the Los Angeles area! Located in a very busy area on Wilshire in Santa Monica, this business was established a few months ago by an owner with 25 years experience owning Dry Cleaning businesses. The owner's well-known reputation has brought customers from his previous business located nearby, and he continues to service his customers from this location. Focusing on customer service, he built a solid client base and they return time and time again for the high level of service he has provided for so many years.
Beachside Restaurant and Night Club
November 16, 2011 by Kendric Foultz
New BizEx Business For Sale: Beachside Restaurant and Night Club Kendric Foultz, CBB just launched a new listing: https://www.bizex.net/listing/437 Beachside Restaurant and Night Club Asking: $600,000 * Gross: $500,000 * Net: $0
Recording Studio for Music and Audio Production
November 14, 2011 by Dan Munter
New BizEx Business For Sale: Recording Studio for Music and Audio Production Dan Munter just launched a new listing: https://www.bizex.net/listing/431 Recording Studio for Music and Audio Production Asking: $195,000 * Gross: $111,000 * Net: $65,000
Gift, Table Top & Photo Retail
November 11, 2011 by Tom Plotkin
New BizEx Business For Sale: Gift, Table Top & Photo Retail Tom Plotkin just launched a new listing: https://www.bizex.net/listing/389 Gift, Table Top & Photo Retail Asking: $399,000 * Gross: $207,000 * Net: $109,305 Located in an up-scale shopping village nestled in the southern hills of the West San Fernando Valley, this high-end gift store caters to discerning customers who visit the store to shop for exclusive gift items. The business also offers excellent quality photo-finishing. Sourcing the finest gift and table top items since 1995, the owner offers a tasteful assortment of creations from Michael Aram, Faberge, Limoge, Jay Strongwater, Edgar Berebi and many other world renowned artisans. Now looking to re-direct time and resources to develop a new enterprise, the owner is willing to sell this profitable business which includes fixtures and inventory that alone have a replacement cost value of $300,000.
How to Value a Restaurant or Bar that is not Showing Profit
November 03, 2011 by Mina Singson-Brightman
How much money is a restaurant worth? Does it have any value if the restaurant is not turning a profit or barely breaking even? Restaurants, coffee shops or bars are valuable even if they are not showing a profit. These kinds of businesses are valued through the replacement value technique which assumes a buyer pays the seller a price that is not dependent on the income value to benefit from the existing investment in the restaurant facility, the lease and the location. In other words, the buyer is starting a restaurant business at a discount and will pay for the right to avoid spending hundreds of thousands or even millions and avoid all the delays and city regulations in building a new restaurant Here is what a restaurant seller has to say when he received an offer on his business.
Busy Self-Serve Frozen Yogurt near Topanga Mall
November 03, 2011 by Jered Chapman
New BizEx Business For Sale: Busy Self-Serve Frozen Yogurt near Topanga Mall Jered Chapman just launched a new listing: https://www.bizex.net/listing/432 Busy Self-Serve Frozen Yogurt near Topanga Mall Asking: $95,000 * Gross: $164,000 * Net: $71,000 Own a popular frozen yogurt shop with all the works for just $95,000!!! This shop has it all...custom-built space, busy location, and a great customer base! This name brand frozen yogurt shop is quickly becoming a neighborhood favorite and has the location to keep it growing. Unlike other name brand ice cream and frozen yogurt shops, this is a NON-franchise, so the owner does not pay franchise fees or royalties of any kind. This helps keep the prices low and the profit margins high!
Restaurant with Great Potential
November 01, 2011 by Shelli Margolin
New BizEx Business For Sale: Restaurant with Great Potential Shelli Margolin just launched a new listing: https://www.bizex.net/listing/433 Restaurant with Great Potential Asking: $675,000 * Gross: $0 * Net: $0 Restaurant opportunity! Fantastic potential at a major intersection in the center of Glendale. Owner is willing to carry $475,000 with $150,000 down interest only, with a balloon payment in 3 years. He's willing to do this because he knows the business will be successful. Thirteen flat-screen TVs and a magnificent full kitchen in place. The facility is currently only open in the evenings, in order to maintain its 47 liquor license, entertainment and other permits. The owner is selling due to a partnership dissolution and he has other businesses to run. FF&E and Amenities: Full kitchen 13 flat screen TV Small stage Piano Banquet Room Large Full bar Full outside patio All licenses required licenses and permits On-site office
How to Sell a Restaurant in 90 Days
October 31, 2011 by Shelli Margolin
How to Sell a Restaurant in 90 Days A True Story Restaurants are not necessarily an easy sell. However, if they are priced at their proper value and positioned to sell in the right forums, they can be sold in a timely manner to the satisfaction of both the buyer and seller. Preparing the restaurants books and records for sale is as important as bringing in the right buyer. The following is a true story of a restaurant that recently sold through an experienced restaurant business broker. When the Johnstons[1] bought their pizza deli in Los Angeles five years ago, the plan was to build a business for their children to takeover. Both Mr. & Mrs. Johnston had fulltime careers that they wanted to keep. With the help of their son, the restaurant was able to sustain a positive cash-flow for several years.
Designer and Clothing Manufacturer
October 28, 2011 by Dan Munter
New BizEx Business For Sale: Designer and Clothing Manufacturer Dan Munter just launched a new listing: https://www.bizex.net/listing/408 Designer and Clothing Manufacturer Asking: $1,200,000 * Gross: $2,500,000 * Net: $450,000
California Dating & Matchmaking Services
October 27, 2011 by Stuart Gross
New BizEx Business For Sale: California Dating & Matchmaking Services Stuart Gross just launched a new listing: https://www.bizex.net/listing/173 California Dating & Matchmaking Services Asking: $2,250,000 * Gross: $2,000,000 * Net: $500,000
October 27, 2011 by Tom Plotkin
New BizEx Business For Sale: Custom Alterations - West SFV Tom Plotkin just launched a new listing: https://www.bizex.net/listing/429 Custom Alterations - West SFV Asking: $45,000 * Gross: $36,000 * Net: $24,240 An excellent opportunity to own a well established clothing alteration and design business in the West San Fernando Valley. Providing high-quality, custom work for discerning clientele since 1999, the owner needs to retire due to poor health. The seller will work with the new owner in transition to introduce existing clients to new management. Lower sales volume in 2009 is due to the owner's illness which kept her away from work for about 4 months. In addition to designing dresses, the business is also known for making cushions, draperies, chair covers, etc. There is a real potential to expand sales of these items for the new owner.
Huntington Beach Mail & Business Center
October 21, 2011 by Shelli Margolin
New BizEx Business For Sale: Huntington Beach Mail & Business Center Shelli Margolin just launched a new listing: https://www.bizex.net/listing/370 Huntington Beach Mail & Business Center Asking: $79,950 * Gross: $244,779 * Net: $56,026 Ten years of success! You can be the franchisee for this business at this excellent location. Complete postal and business services center located in a thriving Orange County shopping center. A national supermarket anchors the shopping center with substantial foot and vehicle traffic. This award winning company backs up its franchisees. The current owner is a non-profit organization that provides job training for their clients in the store. A new business-minded owner can easily increase sales and profits. Come in as the owner operator; get the benefit of excellent training by this award winning franchisor and grow along with a recovering economy.
Why isn't my business selling?
October 21, 2011 by Kendric Foultz
Almost nothing is as upsetting to a business owner than listing their business for sale and then having it sit on the market for months with no activity on it! What is wrong, why havent you sold my business you ask the business broker. The answer might be complex or very simple. The best thing to do as a business seller is to ask yourself a basic question. Does this offering make sense? Would I buy my own business as presented?
Retail Battery & Service Center
October 20, 2011 by Jered Chapman
New BizEx Business For Sale: Retail Battery & Service Center Jered Chapman just launched a new listing: https://www.bizex.net/listing/428 Retail Battery & Service Center Asking: $250,000 * Gross: $424,000 * Net: $86,000 Own a retail business that keeps up with the times! In the ever-changing world of technology, this battery retail store powers everything from Apple Ipods to Sea-Doo Jet Skis! This well-known store provides battery sales and related services to accommodate nearly any commercial and residential need. Having commercial and retail markets, the business provides power cells for Media Production Companies, Alarm systems, laptops, and more! Many companies, such as UPS, FedEx, and local Police Departments, like this business for its supply of a particular battery used in various handheld devices that is very hard to find.
Manufacturer of Promotional Apparel and Custom Embellsihments
October 18, 2011 by Miles M. Logothetis
New BizEx Business For Sale: Manufacturer of Promotional Apparel and Custom Embellsihments Miles M. Logothetis just launched a new listing: https://www.bizex.net/listing/419 Manufacturer of Promotional Apparel and Custom Embellsihments Asking: $250,000 * Gross: $591,405 * Net: $87,771 Business for sale is a manufacturer of promotional apparel and custom embellishments with national sales and located in Los Angeles. This successful and innovative business has an excellent reputation, and is known for its high quality, fast turnaround times, and creative products. The business has streamlined its operations, and is leveraging its powerful, social media-based marketing strategy. More information about this business and its growth potential are available to qualified, interested parties that have completed the NDA/ Confidentiality Agreement. This can be accomplished by registering as a buyer at bizex.net, and by contacting Miles Logothetis at 310-882-2200 ext. 105.
October 07, 2011 by Kendric Foultz
New BizEx Business For Sale: Los Angeles Power Wash Kendric Foultz, CBB just launched a new listing: https://www.bizex.net/listing/427 Los Angeles Power Wash Asking: $115,000 * Gross: $125,000 * Net: $80,000
Beach Restaurant/Bar with Amazing Ocean Views
October 04, 2011 by Mina Singson-Brightman
New BizEx Business For Sale: Beach Restaurant/Bar with Amazing Ocean Views Mina Singson just launched a new listing: https://www.bizex.net/listing/425 Beach Restaurant/Bar with Amazing Ocean Views Asking: $159,000 * Gross: $0 * Net: $0 Beach restaurant/bar with outstanding ocean views!!! Restaurant has outdoor seating and private areas perfect for romantic meals or intimate get-togethers. Hard to get Type 41 alcohol license allows the owner to offer a variety of wines and beer to their customers. Restaurant has 9 designated parking spots in the building and plenty of street parking also available. Steps to the beach in an exclusive beach community. Seats 40. Fully equiped kitchen. A rare opportunity to buy a restaurant at an affordable price at this location.Contact Mina Singson now at 310-882-2200 x 125 or email: msingson@bizex.net. For faster response, please complete the Buyer's Profile and NDA at www.bizex.net.
Big Established Meat Market w Fast Food, Check Cashing, Beer & Wine in Stand Alone Property
September 21, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/421 Big Established Meat Market w Fast Food, Check Cashing, Beer & Wine in Stand Alone Property Asking: $175,000 * Gross: $1,200,000 * Net: $60,000 Huge established Mexican Meat Market with Kitchen for Fast food service and plenty of space to add other businesses. Operating for 50 years in east Los Angeles. 35-40 free onsite parking for customers. Selling fresh meat and poultry, vegetables, several isles of grocery items. Also selling Beer and Wine and has Tobacco (Cigarette) license. Has vending machines. This location offers check cashing services and accepts WIC and food stamp. There is a wide kitchen in the market with ventillation hood and other kitchen equipments. Great area for a small fast food which the current owner is not utilizing. The front of the market has space for outside seating or additional retail space to sell clothing, accessories or toy merchandises.
Buying a Restaurant or Bar and the Transfer of Liquor License
September 08, 2011 by Mina Singson-Brightman
When we list a restaurant or bar for sale with Alcoholic Beverage Control (ABC) license, we generally get significant buyer activities on them. For buyers of such businesses who do not understand how a liquor license is transferred, here is an overview. The number of retail liquor licenses, especially Type 47 (full liquor license for restaurants) and Type 48 (full liquor license for bars and nightclubs) that can be issued in a county is restricted. The limited supply of liquor licenses and the lengthy process to get an ABC license approved make businesses with permit to sell alcohol highly desirable and valuable. When buying a business with beer and wine or full liquor license, the transfer of ABC license from one person or entity to another person or entity is called a person-to-person transfer. Generally, this is how it works:
September 07, 2011 by Shelli Margolin
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/415 Newhal Mail & Business Center Asking: $42,500 * Gross: $142,739 * Net: $37,570 Complete postal and business services center with an award winning franchisor. Buying an existing franchise offers a better chance of success than buying a new franchise. Plain and simple, it's a better deal! You get an existing customer base and proven income, where as a new franchise has neither and costs more. You can be the franchisee for this business at this excellent location with a national supermarket anchoring the shopping center. The location has excellent foot and vehicle traffic. This award winning company backs up its franchisees with 2 weeks training in their corporate headquarters and lots of store support. Buy this business; market it and build a great business with excellent training and support from this superior franchisor. Owner is motivated to sell due to serious financial difficulties.
September 07, 2011 by Robert Dean
Robert Dean just launched a new listing: https://www.bizex.net/listing/417 Frozen Yogurt & Deli Asking: $80,000 * Gross: $72,723 * Net: $0 Established Yogurt & Deli restaurant in one of the best neighborhoods in L.A. The business sells Deli Sandwiches, Wraps, Salads, Frozen Yogurt, Smoothies, Shakes and Coffee drinks. The location is a local favorite for over 30 years and is located in a very Prime retail area on a very busy street. Owner did not have any Food experience Lots of potential for a new owner with new ideas. Wonderful Location, high foot traffic and high traffic count. To receive a complete Confidential Business Review and the address, please register as a buyer at www.bizex.net or contact Business Broker Robert Dean at 310-793-6757. Email: rdean@bizex.net Robert Dean Email: rdean@bizex.net Office: (310) 882-2200 ext 122 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/robert-dean
September 06, 2011 by Stuart Gross
Are you the owner of a small or medium-size business in the creative of media industry who dreams of getting out and retiring, writing a memoir, or simply getting away from it all? Thinking about selling your business? In todays economic climate, selling your media or creative business can be a complicated and daunting experience. The skills and knowledge you acquired by running a successful business are not necessarily the same skills you will need to sell it. Here are 10 things to consider: 1. Am I REALLY ready to sell my business? One of the most important questions a buyer has is, Why are you selling? Selling your company is a life-changing event, with both positive and negative effects on your financial condition. Your mental and physical health may also be affected. You need to know if you will have enough money, moving forward, to live the way you choose. It is a very big decision. And you need to be able to answer the question for potential buyers as
