Dan Munter just launched a new listing: http://www.bizex.net/listing/367 Equipment Leasing Repos & Reseller Asking: $695,000 * Gross: $997,619 * Net: $216,402 This company specializes in collections, equipment repossession, and re-marketing. Their recovery and re-marketing system enables them to reclaim and resell leased equipment regardless of value or industry association. Since their beginning in 1997, they [...]
Dan Munter just launched a new listing: http://www.bizex.net/listing/367
Equipment Leasing Repos & Reseller Asking: $695,000 * Gross: $997,619 * Net: $216,402
This company specializes in collections, equipment repossession, and re-marketing. Their recovery and re-marketing system enables them to reclaim and resell leased equipment regardless of value or industry association. Since their beginning in 1997, they have become a national leader in the equipment repo and resales market. Their stellar reputation in the equipment leasing field is due to the fact that they utilize the latest technology in sales and re-marketing and that they have a competitive team that will provide a fast and profitable turnaround on collected assets. This business is easily relocatable to anywhere in the USA. It can be easily operated out of a home office. It can be a one person operation or it could easily expand to a larger staff, depending on the ambition of the buyer. This really is a unique business and a unique opportunity. If you would like more information, you will need to register as a buyer and fill out the NDA which can be found at www.bizex.net. You can also email Dan Munter at dmunter@bizex.net or cal me at 310-882-2200 ext. 121.
Dan Munter Email: dmunter@bizex.net Office: (310) 882-2200 ext 121 Blog: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/dan-munter
As a business broker and as a former business owner, I know that the decision to sell a business is not easy. But once it is made, I know that usually the seller wants to sell it as soon as possible. I always tell a seller to pretend that they are the buyer looking at [...]
As a business broker and as a former business owner, I know that the decision to sell a business is not easy. But once it is made, I know that usually the seller wants to sell it as soon as possible.
I always tell a seller to pretend that they are the buyer looking at buying their business. What would they need to see to decide to buy the business? From my experience and my logic, I have come up with a list of 5 items that really facilitate the selling process.
1) Have credible P&Ls for the past 3 years.
2) Have financial records to verify the value of the inventory and FF&E
3) Make sure that the key employees will stay employed
4) Make sure that the landlord is willing to lease for reasonable terms
5) Make sure that the key customers will continue to buy services or products.
There are of course other items that are necessary. However, if a seller can provide the 5 items mentioned above, not only will it be easier to find a buyer, but it will make the due diligence process go much quicker.
Blog by Dan Munter, a business broker with BizEx. I can be reached at 310-882-2200 ext. 121 or www.bizex.net
I recently participated in a Webinar on How to Buy a Business by industry expert Richard Parker (Diomo.com) and one of the topics discussed really hit home for me… There are 4 qualities of a business that will help a new small business succeed with his new purchase. The 4 components can be remembered with [...]
I recently participated in a Webinar on How to Buy a Business by industry expert Richard Parker (Diomo.com) and one of the topics discussed really hit home for me…
There are 4 qualities of a business that will help a new small business succeed with his new purchase. The 4 components can be remembered with the anagram called the BOSS Theory:
B-Bland. A business that is today’s ‘hot new business” will become the ‘out of style business’ of tomorrow. A bland business is less vulnerable to fads and innovation.
O- Operational sound. Buying a turn-around business is very risky. There are people who specialize in turning around companies. It really takes a different skill set then simply running a business. There are enough challenges in taking over a business without having to engineer a turn around.
S-Sustainable. A new business owner wants a business that they know will at least sustain the level of revenues and profits that they are paying for. If there are looming threats such as having most of the customers or suppliers concentrated with a few companies than the sustainability of the business could be in jeopardy if one of these customers or suppliers would leave.
S-Scalable Are there realistic growth opportunities?
An example can be seen with a current listing of mine (BizEx181-DM: Los Angeles based distributor of buttons,costume jewlery,trim and beads) It is a large distributor of ‘bland’ items such as beads, buttons, trims, and costume jewelry. It has been operating since 1988. It is profitable. It has a revenue mix of 50% retail and 50% wholesale. And it has a big growth potential. Currently, there is only approximately 5% of its inventory on its internet site. That 5% is generating 20% of its sales. If a new buyer placed the other 95% on line, the seller believes that revenues could increase by 400%!
A company like this is BOSS.
There are 14 franchise enterprises that focus primarily in the residential market. According to a recent report from information company FRANdata, the franchises of residential cleaning companies are growing at annual rate of 10% . There are two main Rules of Thumb for valuing these businesses. • 40% to 45% of annual sales plus inventory. [...]
There are 14 franchise enterprises that focus primarily in the residential market. According to a recent report from information company FRANdata, the franchises of residential cleaning companies are growing at annual rate of 10% .
There are two main Rules of Thumb for valuing these businesses.
• 40% to 45% of annual sales plus inventory.
• 1.5 times DE (Discretionary Earnings).
Other selling points would be the exclusivity of the territory assigned to the franchise. How long the franchise has been established for. How long any competing franchises have been established in the same territory. And if there is any open territories in surrounding areas.
If you would like to learn more, please contact me at dmunter@bizex.net.
