Mina Singson | The Biz blog

Easy Vending Air & Water Machines, Public Payphone

On January 10, 2012, in Businesses for Sale, by Mina Singson

New BizEx Business For Sale: Easy Vending Air & Water Machines, Public Payphone Mina Singson just launched a new listing: http://www.bizex.net/listing/451 Easy Vending Air & Water Machines, Public Payphone Asking: $175,000 * Gross: $117,000 * Net: $70,000 Wow what a steal! 20 year old profitable vending company. First time on the market due to retirement [...]

New BizEx Business For Sale: Easy Vending Air & Water Machines, Public Payphone

Mina Singson just launched a new listing: http://www.bizex.net/listing/451

Easy Vending Air & Water Machines, Public Payphone Asking: $175,000 * Gross: $117,000 * Net: $70,000

Wow what a steal! 20 year old profitable vending company. First time on the market due to retirement and health issues.

Seller owns 44 Air & Water Machines located in gas stations all over the counties of Los Angeles, Ventura and Orange County. Apart from these equipments, there are valuable long-term contracts with some location owners that will be transferred to the new owner.

Also included in the sale are 210 Public Payphones found in nursing homes, liquor and convenience stores, shopping centers, etc.

Owner stopped getting new locations for these vending machines in the past years due to health issues. But there is a lot of room for expansion for new operator.

If you want a business that is extremely easy to manage and can be operated from home, you are looking at the perfect opportunity. Priced right and will sell immediately.

Contact Mina Singson now at 310-882-2200 x 125 or email msingson@bizex.net for more information. For immediate assistance, please complete Confidentiality Agreement at www.bizex.net

Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Prime Beach Ice Cream and Dessert Location

On December 7, 2011, in Businesses for Sale, by Mina Singson

New BizEx Business For Sale: Prime Beach Ice Cream and Dessert Location Mina Singson just launched a new listing: http://www.bizex.net/listing/445 Prime Beach Ice Cream and Dessert Location Asking: $119,000 * Gross: $284,000 * Net: $0 Unbeatable Beach location for ice cream and dessert. Retailers are waiting in line to get a spot in this downtown [...]

New BizEx Business For Sale: Prime Beach Ice Cream and Dessert Location

Mina Singson just launched a new listing: http://www.bizex.net/listing/445

Prime Beach Ice Cream and Dessert Location Asking: $119,000 * Gross: $284,000 * Net: $0

Unbeatable Beach location for ice cream and dessert.

Retailers are waiting in line to get a spot in this downtown beach area surrounded by upscale bars, restaurants, clothing stores and multi-million dollar homes.

Steps to the beach and busy year-round.

This ice cream shop makes fresh ice cream and desserts in-house. Has built in walk-in freezer and refrigerator and spacious working area in the back.

Plenty of metered parking in the building and on the street.

Contact Mina Singson now at 310-882-2200 x 125 or email: msingson@bizex.net for more information. For faster response, please register at www.bizex.net.

Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Tagged with: business 4 sale • business for sale • businesses for sale

How to Value a Restaurant or Bar that is not Showing Profit

On November 3, 2011, in Business Sales Process, Business Valuation, How to Buy, How to Sell, Restaurants, Uncategorized, by Mina Singson

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 [...]

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.
“…they see that the only valuable asset of a restaurant is the equipment such as freezer, refrigerator, oven, ice maker and the espresso machine. Sure this equipment can easily be bought at discounted price from restaurant equipment liquidators. I bought some of them myself.
But to open this restaurant, I spent more than the cost of these machines. I paid an architect to draw the layout so this will pass the permit requirement. I had to present these plans to the city’s planning committee for their approval and that was not a stroll in the park. And then the contractor, oh boy… Our target was 3 months. It took us 9 months to finish building this 1000sf restaurant! My landlord gave me 2 months TI (tenant improvement) period but after that I had to pay rent month after month until the construction was completed. I had a great location in Santa Monica but it sure was not cheap, $250,000. I won’t get into the details but it is hard to put a value on the time, sweat, and near-breakdowns I put into this business… And then I get an offer for $10,000 because the buyer thinks my used equipment is only worth that much. I know I won’t get back the money I invested but come on.”
****
When valuing a Restaurant using the replacement value technique, you need to take into consideration the costs of the following Assets:
- Tenant Improvements (electrical rewiring, plumbing, heating and air conditioning. cosmetic changes, build outs)
- Fixtures (hood system/ventilation, grease trap, walk-ins, shelving units, lighting)
- Permits and licenses (health permit, ABC license, entertainment permit, extended hours to operate)
- Location, location, location (Is this even replaceable?)
- Lease
- Goodwill
- Equipments
- Furniture
- Clientele/Database
- **Alcohol license (ABC License Type 41, Type 47 or Type 48)

Mina Singson is an experienced Restaurant/Bar Broker. She has listed and sold different types of restaurant businesses. For a free consultation, please contact Mina Singson at 310-882-2200 ext. 125 or email: msingson@bizex.net

Tagged with: Best Restauarant Business Broker Los Angeles • business valuation • Buying Restaurant • How to sell a restauarant • How to sell a restaurant in Los Angeles • Restaurant Business Broker • Selling a restaurant • Selling Bar • Selling Restaurant

Beach Restaurant/Bar with Amazing Ocean Views

On October 4, 2011, in Businesses for Sale, by Mina Singson

New BizEx Business For Sale: Beach Restaurant/Bar with Amazing Ocean Views Mina Singson just launched a new listing: http://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 [...]

New BizEx Business For Sale: Beach Restaurant/Bar with Amazing Ocean Views

Mina Singson just launched a new listing: http://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.

Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Tagged with: business 4 sale • business for sale • businesses for sale

Big Established Meat Market w Fast Food, Check Cashing, Beer & Wine in Stand Alone Property

On September 21, 2011, in Businesses for Sale, by Mina Singson

Mina Singson just launched a new listing: http://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 [...]

Mina Singson just launched a new listing: http://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.

Tons of untapped potential for only $175,000 asking price.

Sellers are motivated. Please call Mina Singson now at 310-882-2200 x 125 or email: msingson@bizex.net. For faster response, register and complete the Confidentiality Agreement at www.bizex.net

Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Tagged with: business 4 sale • business for sale • businesses for sale

Buying a Restaurant or Bar and the Transfer of Liquor License

On September 8, 2011, in Business Sales Process, How to Buy, Restaurants, by Mina Singson

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 [...]

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:

When an offer is accepted, the buyer and seller must open an escrow account before the application for transfer is filed with the ABC. The escrow company will file a notice of intended transfer with the office of the county recorder for the county where the licensed establishment is located. Next, the buyer and seller will fill out the transfer application form with the information of the seller and the buyer and all of the required business information regarding the business entity requesting the liquor license transfer.

Immediately after filing an application, a public notice of application for ownership change must be posted on the premises for 30 days. The escrow company will also publish a notice of the application in a newspaper of general circulation in the area in which the business is located.

If all goes well until the posting period ends, at this point, the buyer must deposit the remaining balance of the purchase price with the escrow holder and close escrow. The escrow company forwards an ABC form to the local ABC district office to declare that purchase consideration and contingencies have all been completed. When the license is transferred, the ABC returns the counter-signed form to the escrow agent as a signal that the consideration in the escrow can be released to the seller.

This transfer procedure takes at least 60 days and each process may vary depending on both parties’ situations.

For more information on the sale of restaurants or bars with alcohol license, contact Restaurant Business Broker Mina Singson at 310-882-2200 x 125 or email msingson@bizex.net

References:

www.abc.ca.gov

Tagged with: Bars for Sale • Liquor License Transfer • Mina Singson • Restarants for Sale • Restaurant Business Broker

Coffee, Tea,Smoothie & Specialty Drinks Franchise

On September 2, 2011, in Businesses for Sale, by Mina Singson

Mina Singson just launched a new listing: http://www.bizex.net/listing/416 Coffee, Tea,Smoothie & Specialty Drinks Franchise Asking: $149,000 * Gross: $225,000 * Net: $60,000 A neighborhood favorite in this South Bay beach community known for its delightful choices of tea, coffee, juice slush, sandwiches and baked goods, not to mention the friendly staff, clean and warm environment [...]

Mina Singson just launched a new listing: http://www.bizex.net/listing/416

Coffee, Tea,Smoothie & Specialty Drinks Franchise Asking: $149,000 * Gross: $225,000 * Net: $60,000

A neighborhood favorite in this South Bay beach community known for its delightful choices of tea, coffee, juice slush, sandwiches and baked goods, not to mention the friendly staff, clean and warm environment and the Free WI-FI service!!

Locals love going to this place and end up staying for a while.

Unlike other franchises that charge a percentage of the sales, this franchise opportunity only charges a flat monthly fee which leaves the owner more profit to take home. And more flexibility on their menu.

Situated in a shopping center with little major competition in the area. There are no Starbucks,Jamba Juice or the likes nearby which makes this a local hub for coffe and beverage-loving customers.

Owner-absentee business.

High visibility. Along a major thoroughfare that leads to the freeway exit. Surrounded by expensive homes. Only a few miles from the beach.

Contact Mina Singson now for more information at msingson@bizex.net or 310-882-2200 x 125.

Mina Singson Email: msingson@bizex.net Office: (310) 882-2200 ext 125 Blog: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Tagged with: business 4 sale • business for sale • businesses for sale

Stand Alone Liquor Store, Grocery, Lotto & Snack Bar

On August 23, 2011, in Businesses for Sale, by Mina Singson

Mina Singson just launched a new listing: http://www.bizex.net/listing/413 Stand Alone Liquor Store, Grocery, Lotto & Snack Bar Asking: $279,000 * Gross: $650,000 * Net: $90,000 Desirable Liquor Store/Grocery with Snack Bar in a stand alone building at the heart of a high density area in Bakersfield, CA. Just like a 7-11 but only run independently. [...]

Mina Singson just launched a new listing: http://www.bizex.net/listing/413

Stand Alone Liquor Store, Grocery, Lotto & Snack Bar Asking: $279,000 * Gross: $650,000 * Net: $90,000

Desirable Liquor Store/Grocery with Snack Bar in a stand alone building at the heart of a high density area in Bakersfield, CA. Just like a 7-11 but only run independently.

This convenience market sells hard liquor, beer and wine, cigarette, snacks, vegetables, etc.

Business also sells Lotto tickets.Has an ATM Machine and serve freshly cooked snacks such as burritos, chimichangas, etc. Have plenty of room for expansion to offer other goods and services such as Money order, coffee and donuts and more.

Located close to hospitals, motels, government building, the convention center and train station. This is a 3000SF building with plenty of onsite parking.

Buy this profitable business for only $279,000!!

Real estate is also available for sale at $960,000 (for property only) asking price.

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: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Tagged with: business 4 sale • business for sale • businesses for sale

Intimate Beverly Hills Restaurant w/ Plenty of Upgrades

On August 9, 2011, in Businesses for Sale, by Mina Singson

Mina Singson just launched a new listing: http://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 [...]

Mina Singson just launched a new listing: http://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: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Tagged with: business 4 sale • business for sale • businesses for sale

Santa Monica Patesserie Cafe

On August 4, 2011, in Businesses for Sale, by Mina Singson

Mina Singson just launched a new listing: http://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 [...]

Mina Singson just launched a new listing: http://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: http://www.bizex.net/blog Web: http://www.bizex.net/business-broker/mina-singson

Tagged with: business 4 sale • business for sale • businesses for sale

The Biz blog

hosted by BizEx

Easy Vending Air & Water Machines, Public Payphone

Prime Beach Ice Cream and Dessert Location

How to Value a Restaurant or Bar that is not Showing Profit

Beach Restaurant/Bar with Amazing Ocean Views

Big Established Meat Market w Fast Food, Check Cashing, Beer & Wine in Stand Alone Property

Buying a Restaurant or Bar and the Transfer of Liquor License

Coffee, Tea,Smoothie & Specialty Drinks Franchise

Stand Alone Liquor Store, Grocery, Lotto & Snack Bar

Intimate Beverly Hills Restaurant w/ Plenty of Upgrades

Santa Monica Patesserie Cafe

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