The Biz blog » Franchise http://www.bizex.net/blog hosted by BizEx Tue, 06 Jul 2010 23:52:14 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 5 Essential Items to Sell Your Business Quickly http://www.bizex.net/blog/2010/06/03/5-essential-items-to-sell-your-business-quickly/ http://www.bizex.net/blog/2010/06/03/5-essential-items-to-sell-your-business-quickly/#comments Thu, 03 Jun 2010 19:34:22 +0000 Dan Munter http://www.bizex.net/blog/?p=210 5 Essential Items to Sell Your Business Quickly is a post from: The Biz blog

No related posts. Related posts brought to you by Yet Another Related Posts Plugin.]]> 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

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]]> http://www.bizex.net/blog/2010/06/03/5-essential-items-to-sell-your-business-quickly/feed/ 0 Thinking of selling your Maid Service Franchise? What you need to know. http://www.bizex.net/blog/2010/03/03/thinking-of-selling-your-maid-service-franchise-what-you-need-to-know/ http://www.bizex.net/blog/2010/03/03/thinking-of-selling-your-maid-service-franchise-what-you-need-to-know/#comments Wed, 03 Mar 2010 19:33:50 +0000 Dan Munter http://bizex.net/blog/?p=32 Thinking of selling your Maid Service Franchise? What you need to know. is a post from: The Biz blog

No related posts. Related posts brought to you by Yet Another Related Posts Plugin.]]> 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.

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