The Biz Blog
Home / The Biz Blog
HOW TO SELL YOUR BUSINESS WHEN YOU ARE THE KEY TO YOUR BUSINESS
August 11, 2011 by Dan Munter
In a perfect world, when owners decide to sell their business, a buyer will come forward and write a check for the full asking price. In the real world, this rarely happens. There are so many reasons why this rarely occurs. In this blog, I want to focus on one of the most important issues. One of the biggest risks for a buyer is whether the business will survive without the sellers presence, knowledge and relationships. I want to give you some actual examples of businesses I have both recently sold and am in the process of selling.
Intimate Beverly Hills Restaurant w/ Plenty of Upgrades
August 09, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/410 Intimate Beverly Hills Restaurant w/ Plenty of Upgrades Asking: $95,000 * Gross: $0 * Net: $0 This Beverly Hills restaurant won't last!! Priced to sell immediately at only $95,000. Also has potential for beer and wine license. Cozy setting with a lot of interior upgrades. Nestled amidst million dollar homes, exclusive apartment buildings and expensive hotels. Restaurant has seating capacity for 28 people. Equipped with a full kitchen, including hood and grease receptacle. Owners are having partnership issues and are motivated to sell. Buy this business now. Call Mina Singson at 310-882-2200 x 125 or email: msingson@bizex.net. For faster response, please complete Buyer's Profile and Confidentiality Agreement at www.bizex.net Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/mina-singson
Preparing a Restaurant for Sale
August 08, 2011 by Shelli Margolin
If you are considering selling your restaurant, preparation is essential in order to make the sale easier, faster and more profitable. Buyers will usually estimate the value of a restaurant beyond a wonderful menu and steady clientele. Their assessment will determine what they are willing to pay. Having all aspects of your restaurant in order is the key to a successful sale. Many of the steps below may seem like no brainers. However, often restaurant owners are so engrossed in their day to day operation that they over look simple things that can drastically effect how buyers will perceive their restaurant. It is crucial to look at your restaurant through the eyes of a buyer and ask yourself some key questions: Are your books & records organized? Can a buyer clearly understand how much profit you make? Is your profit provable on paper? Do you have cash sales? Can you easily prove those sales to a buyer?
August 04, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/409 Santa Monica Patesserie Cafe Asking: $119,000 * Gross: $0 * Net: $0 Very exclusive patesserie location on Montana Ave. in Santa Monica serving delicious desserts, breads, designer cakes, specialty tea and coffee products. Seller has own factory and makes these heavenly treats using their own recipe and vendor sources. This bakery is fast gaining popularity among locals and tourists. Has outside seating and good street visibility. 4.5 star rating on Yelp, Citysearch , and other major food blog websites. Buy this business now. Call Mina Singson at 310-882-2200 x 125 or email: msingson@bizex.net. For faster response, please complete Buyer's Profile and Confidentiality Agreement at www.bizex.net Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/mina-singson
August 03, 2011 by Kendric Foultz
Kendric Foultz, CBB just launched a new listing: https://www.bizex.net/listing/403 Malibu Tree Service Asking: $399,000 * Gross: $600,000 * Net: $150,000
July 26, 2011 by Dan Munter
Dan Munter just launched a new listing: https://www.bizex.net/listing/390 Cooking School Asking: $250,000 * Gross: $428,865 * Net: $0 This is an excellent opportunity to own one of the premiere cooking schools in Los Angeles. The location has a beautiful, state-of-the-art culinary studio with eight fully equipped kitchen workstations, each with its own oven, stove and kitchen aids. In a recent article in Angelino magazine, the school was described as, "an upscale culinary boutique with a specialty bakery, cooking classes and events space". Currently, approximately 85% of its revenues come from cooking classes and parties. 10% from catering and 5% from renting out the space for things like television shoots.
Long Beach Mail & Business Center
July 25, 2011 by Shelli Margolin
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/401 Long Beach Mail & Business Center Asking: $44,500 * Gross: $174,712 * Net: $34,865 Sales are increasing! Buying an existing franchise offers a better chance of success than buying a new franchise. This business was opened in 1999 so you have 12 years of success that has an established customer base and a presence in the Long Beach community.This business is easy to operate. Revenues increased in both 2010 and 2011. Clean books and records show the growing trend. The owner has two young children and wants to be a stay-at-home mom. Come in as the owner operator; get the benefit of excellent training by this award winning Franchisor and grow along with a recovering economy. Interested parties please register as a buyer at www.bizex.com then call 310 882-2200 - Arthur Kessler at ext 126 or Shelli Margolin at ext 128.
Very Successful Plumbing Repair Business
July 25, 2011 by Robert Dean
Robert Dean just launched a new listing: https://www.bizex.net/listing/400 Very Successful Plumbing Repair Business Asking: $350,000 * Gross: $438,300 * Net: $139,486 Plumbing repair business for sale with over 50 years of serving the West Los Angeles area, including L.A., Brentwood, Culver City, Santa Monica, Westwood, Beverly Hills, Century City, Bel-Air, Marina del Rey, Hollywood, etc. This well established business has thousands of both residential and corporate accounts. Clients are repeat customers and are very loyal due to honest repairs and the high value of work completed. The business has 2 full-time plumbers. The owner also does plumbing, in addition to managing the business. The vehicles, equipment and inventory are all included in the sale. This is an ideal opportunity to expand an existing business, or for a master plumber who wants to start his own business.
July 14, 2011 by Arthur Kessler
Arthur B. Kessler just launched a new listing: https://www.bizex.net/listing/399 MAIL CENTER FIRE SALE Asking: $59,500 * Gross: $346,000 * Net: $69,200 Mail & Business center FIRE SALE. If you can act quickly you can own this established, successful franchise mail and business center. Owner is in dire financial difficulties. If you can be in training with this award winning franchisor on August 1 you will own a franchise that is worth at least $125,000 for $59,500. Known for great service this franchise offers full shipping, packaging and notary services. Act now. Time is of the essence. Interested parties must register as potential buyers at www.bizex.net and contact Arthur Kessler at 310 882-2200 x126 or Shelli Margolin at x 128 Arthur B. Kessler Email: akessler@bizex.net Office: (310) 882-2200 ext 126 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/arthur-b-kessler
Unique Spiritual and medical marijuana opportunity
July 13, 2011 by Arthur Kessler
Arthur B. Kessler just launched a new listing: https://www.bizex.net/listing/397 Unique Spiritual and medical marijuana opportunity Asking: $995,000 * Gross: $912,500 * Net: $0 Combining spiritual enrichment and enlightenment with assisting those in need medical marijuana offers intriguing possibilities for an astute investor. The not for profit structure offers protections under both California and U. S. laws and the United States Constitution. Interested parties must register at www.bizex.net and contact Arthur Kessler at 310 882-2200 x126 For any other information such as, the best welding helmet reviews, get in touch with CutterWelderMaestro. Arthur B. Kessler Email: akessler@bizex.net Office: (310) 882-2200 ext 126 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/arthur-b-kessler
What Is a Typical Restaurant Business Worth?
July 12, 2011 by Shelli Margolin
As written for ehow.com... What Is a Typical Restaurant Business Worth? The worth of a restaurant is predicated on what someone will pay to buy that restaurant. As restaurants come in as many shapes and sizes as do their owners, determining worth is complex. In the most general terms, value can be established through either a multiple of annual sales or by its assets. Restaurant Categories Restaurants fall into two major categories: full-service and limited-service (or quick service). Then there are many subcategories such as, fine dining, casual dining, dinner house, bar & grill, delis, fast food, pizza take-out and the list goes on. Within those categories are independently owned, franchises, corporate owned, single location to international multi-location. Thus, typical restaurant cannot be rationally defined. Profit vs. Assets
How to Appraise a Restaurant Business
July 11, 2011 by Shelli Margolin
As written for ehow.com... There are several reasons for appraising a restaurant, along with many nuances to the appraisal itself. Let's review how a prospective buyer can appraise a restaurant for purchase. There are three general ways that restaurants' sale prices are established: based on profits, assets, or "key costs," referring to its location value. The buyer should be aware of whether the restaurant is making a profit and what furniture, fixtures and equipment (FF&E) are included in the sale. If a restaurant is profitable, a buyer can take a financial approach to the appraisal. If the restaurant is not turning a profit, it still has value in its equipment. In some cases, a restaurant is sold for key costs: its location, property/lease value and entitlements. Instructions: Profitable Restaurants
CHEAP Coffee Bar can be Restaurant
July 11, 2011 by Shelli Margolin
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/398 CHEAP Coffee Bar can be Restaurant Asking: $75,000 * Gross: $0 * Net: $0 Coffee bar permitted for restaurant on Sunset near La Brea. Priced for quick sale!!! Can do cold food and non-alcoholic beverages. Add hood and be full service restaurant. Current owner is an architect. He built out a beautiful coffee bar/ hookah bar and then got busy with other work. Landlord says this is the only place on Sunset Blvd that is currently permitted for full restaurant service. Great location with patio opened to Sunset Blvd. Equipment included in sale: -All FF&E -Express machines -Blenders -Coffee machines -Heaters -Refrigerators -Sound equipment & speakers -Televisions -Hookah & tobacco pipes -Hookah suppressor -Computers & prints - & more... MAKE US AN OFFER! Interested parties please register as a buyer at www.bizex.com then contact us at 310 882-2200. Arthur Kessler ext 126 or Shelli Margolin ext 128.
UCLA Village Self-Serve Yogurt and Patesserie
July 06, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/394 UCLA Village Self-Serve Yogurt and Patesserie Asking: $199,000 * Gross: $240,000 * Net: $70,000 Self-serve frozen yogurt and patesserie in an unbeatable location in Westwood Village. Very high foot traffic from students, professionals and residents from Westwood, Wilshire financial district and West Sunset Blvd/Bel Air areas. This business is set-up to be easily ran by owner. Known for its healthy serving of Kosher and gluten-free yogurt. Also serving delicious cakes and pastries. Has indoor and outdoor seating. Offers free wi-fi to customers. Retail space is 855 Sf but owner can also occupy mezzanine area as additional storage or office space at no extra rental cost. Buy this business now. Call Mina Singson at 310-882-2200 x 125 or email msingson@bizex.net for more information. For faster response, please register and complete Confidentiality Agreement at www.bizex.net
July 05, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/391 Easy to Manage Coin Laundry Asking: $79,000 * Gross: $0 * Net: $0 Self-generating Coin Laundry business. Operating with very little management needed. Owner opens the doors in the morning and let it collect sales by itself until closing time. Included in the sale are: 27 Washers 19 Dryers Soap Vending Machines Coin Changer Television Hampers Plenty of onsite free parking. Now is the time to take over this business. Huge potential for new owner to increase income by adding Fluff and Fold services, currently not offered by owner. Buy this business now. Call Mina Singson at 310-882-2200 x 125 or email msingson@bizex.net for more information. For faster response, please register and complete Confidentiality Agreement at www.bizex.net Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/mina-singson
June 28, 2011 by Tom Plotkin
Tom Plotkin just launched a new listing: https://www.bizex.net/listing/384 Pharmacy - West SFV Asking: $185,000 * Gross: $678,496 * Net: $11,375 Excellent opportunity to purchase a newly re-located pharmacy in a 3 story medical building with both building and street parking located just off busy Ventura Blvd in the West San Fernando Valley. The seller owned and operated a successful pharmacy on the westside for 30 years before moving the business closer to home. The pharmacy offers free delivery servicing clients on the westside and the San Fernando Valley. Now, looking to retire, the owner would like to sell his business and is willing to work with the buyer for several weeks to insure a smooth transition.
Jered Chapman joins BizEx Business Brokers in Marina Del Rey
June 28, 2011 by Jered Chapman
MARINA DEL REY, CALIFORNIA (June 21, 2011) BizEx is pleased to announce that it recently welcomed Jered Chapman as the newest member of its team of business brokers. Jered brings years of business experience to BizEx. Following a successful career as a college coach, he began overseeing operations and consulting with various companies and organizations in Philadelphia and Los Angeles. He has worked with business owners in various industries, including restaurants, night clubs, health clubs, sports apparel retail, graphic design, and distribution centers. Jereds background emphasizes his knowledge in business development, operations management, and consulting. He is a skilled communicator and project manager, helping clients understand the business selling and buying process.
Sports Bar w/ Live Entertainment
June 24, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/388 Sports Bar w/ Live Entertainment Asking: $150,000 * Gross: $840,000 * Net: $0 Check out the only Sports Bar in this affluent city by the hills of West San Fernando Valley!! Close to Malibu and Million Dollar Homes. Comes with Full Liquor License (Type 47), and Live Entertainment permit. The spacious sports bar has brand new flat screen TVs and stage for live music. 5000 Sf includes a large capacity kitchen, bar, dining area and indoor patio. Over 1000 sf more of outdoor seating overlooking canyon views. This is the only restaurant/sports bar in the area. Has busy lunch crowd and even busier evening crowd. Plenty of onsite parking. Long lease. Priced to sell. Absentee-operated. Buy this business now. Call Mina Singson at 310-882-2200 x 125 or email msingson@bizex.net for more information. For faster response, please register and complete Confidentiality Agreement at www.bizex.net
Profitable Niche Delivery Service
June 24, 2011 by Shelli Margolin
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/381 Profitable Niche Delivery Service Asking: $299,950 * Gross: $503,500 * Net: $144,900 Profitable delivery service, get it now at a low price and reap the rewards in a better economy! Professional delivery operation for garment industry. Third party logistics for manufactures and importers. Characteristics: -Cargo insured delivery, storage and consolidation service for fashion industry -Specialty service methods created # 1 delivery service in industry -75-100 manufacturing, retail and major department stores clients -Excellent industry reputation -Next day service -Highly trained and loyal staff -Nine trucks included in sale -Specialized tracking device extremely appreciated by clients -Liaison between manufacture and custom broker -Employee maintained trucks -Buyer to sublease 90% of building - Owner stays with another business in remaining 10%
June 22, 2011 by Arthur Kessler
Arthur B. Kessler just launched a new listing: https://www.bizex.net/listing/387 SFV Wrecking Yard Asking: $579,000 * Gross: $503,275 * Net: $205,000 This Unique San Fernando valley wrecking yard is an excellent opportunity to own and grow a cash business that is established and successful. Owner has focused on parts sales of late model, upscale vehicles. The Owner sold salvaged vehicles for a number of years and you may add this lucrative revenue center to dramatically increase the gross and net of the business. This is as well run and neat a wrecking yard operation as you will ever see. Opportunities abound to grow the parts sales as well. Part of the land is available for sale. Interested parties please register as a buyer at www.bizex.net and contact Arthur Kessler at 310 882-2200 x126 or Tom Plotkin at 310 882-2200 x127
Established West L.A. Print & Copy Shop
June 21, 2011 by Robert Dean
Robert Dean just launched a new listing: https://www.bizex.net/listing/372 Established West L.A. Print & Copy Shop Asking: $449,000 * Gross: $436,978 * Net: $151,282 Successful Graphics & Print Shop for sale that has been in business for over 17 years. The location is in a very Prime retail area on a very busy street west of the 405. This business has excellent B to B accounts and also services many of the local companies throughout the greater West Los Angeles area. Revenue streams include their many Corporate Accounts, website, and their Retail location.
Learning, Tutoring, Supplemental Education Centers in 3 Franchises
June 14, 2011 by Stuart Gross
Stuart Gross just launched a new listing: https://www.bizex.net/listing/379 Learning, Tutoring, Supplemental Education Centers in 3 Franchises Asking: $295,000 * Gross: $1,032,318 * Net: $110,000 Learning, Tutoring, Supplemental Education Centers in 3 Franchises
Growing Office Furniture Warehouse
June 10, 2011 by Shelli Margolin
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/351 Growing Office Furniture Warehouse Asking: $175,000 * Gross: $280,551 * Net: $84,704 Business to business office furniture sales in growth mode. "Employment = chairs!" As employment eeks upward, so goes affordable office furniture sales. Characteristics: - Seller retiring at 76 years old after 21 years in business - 60% used & refurbished office furniture sales - Increasing new office furniture sales - 60% - 70% revenue from internet sales - Turnkey product - Serves 100 mile radius from central LA location - Vendors - local, quick turnaround, quality product & low cost - Known for 48 hr "order to delivery & installation" - Focus on small to mediums size businesses - In house refurbishing - Mark-up new furniture 80% - 100% - Mark-up used and refurbished furniture 200% - 300%
Automotive Accessory Manufacturer
June 06, 2011 by Tom Plotkin
Tom Plotkin just launched a new listing: https://www.bizex.net/listing/373 Automotive Accessory Manufacturer Asking: $275,000 * Gross: $688,643 * Net: $118,616 An excellent opportunity to own a premier automotive aftermarket speciality products manufacturer and marketing company with a 23 year track record servicing OEM and retail accounts from a 16,000 sf factory warehouse in Orange County. The factory custom designs and manufacturers floor mats and car covers to auto maker's specifications. The business is fully equipped with embroidery, silk-screening, cutting and sewing machinery.
May 31, 2011 by Tom Plotkin
Tom Plotkin just launched a new listing: https://www.bizex.net/listing/371 Children's Party Place Asking: $125,000 * Gross: $120,000 * Net: $60,000 Do you love kids? Here's a great opportunity to own one of the 5 top-rated kids party event places in Los Angeles according to a major children's television production company. The business has established a reputation for providing outstanding themed children's parties for boys and girls on site in their well-positioned San Fernando Valley location or anywhere in Los Angeles County. This life-style service business has three website listings and is prominent on several major kids party directories which drives new online customers to the business on a regular basis.
