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April 25, 2011 by Kendric Foultz
Kendric Foultz, CBB just launched a new listing: https://www.bizex.net/listing/363 Westside Cellphones Asking: $55,000 * Gross: $133,000 * Net: $35,000 Cell phone store for sale in a very desirable area of westside Los Angeles. This business is situated in a high traffic retail zone that attracts a lot of consumers. The business has been established for about seven years and has great write ups on Yelp, etc. At one point the business had revenue of over $500,000, but the economy and other factors have depressed sales the last couple of years. Here is your chance to pick up a well known business with great reputation on the cheap and build it back up to its former glory. Get in now and enjoy the cool summer months working in an attractive setting in one of the most desirable areas of town. For more information go to www.bizex.net and "register" as a buyer or you may contact Kendric Foultz directly at 310-968-2369.
Set Construction for Film, video,trade shows
April 20, 2011 by Stuart Gross
Stuart Gross just launched a new listing: https://www.bizex.net/listing/354 Set Construction for Film, video,trade shows Asking: $349,000 * Gross: $843,272 * Net: $161,000
Venice Beach Boardwalk Fast Food Deli
April 18, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/361 Venice Beach Boardwalk Fast Food Deli Asking: $45,000 * Gross: $160,000 * Net: $50,000 Busy! Busy! Busy!! This fast food beach business enjoys high foot traffic from Venice Beach locals and tourists all year round. This is a window/walk-up type of business with easy to prepare menu. Selling delicious and healthy food to go. Convenient for hungry customers who are out to enjoy a nice day at the beach. No seating. Amazingly low rent at $2600 which includes all utilities and insurance. Located at a big fast food complex with a shared kitchen, refrigeration and storage. So easy to manage and run. This location also deliivers to neighboring offices and businesses. Tons of potential for new owner. Seller has to attend to family issues and would like new owner to enjoy peak spring and summer sales.
Highly In Demand Medical Practice - SBA Loan Pre-Approved
April 17, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/359 Highly In Demand Medical Practice - SBA Loan Pre-Approved Asking: $175,000 * Gross: $465,000 * Net: $270,000 Highly in demand OB-Gyn practice in upper-middle class city of Arcadia, which has a shortage of Ob-Gyn practitioners. Agressively low priced and SBA Pre-approved. Take over this growing practice which has 32 years of goodwill. Doctor sees 2-5 new patients everyday and has steady flow of referrals. 2500 active patients and thousands more in patient records. Located at a sought-after medical building which has a conveniently accessible Out-patient Surgery center nearby. Medical building currently has 100% occupancy and a wait-list for new tenants. Doctor is retiring. This is a great opportunity for new doctors or experienced physicians/medical facility managers who want to establish their own private or group practice.
Best Location South Bay Beach Restaurant
April 08, 2011 by Mina Singson-Brightman
Mina Singson just launched a new listing: https://www.bizex.net/listing/355 Best Location South Bay Beach Restaurant Asking: $89,000 * Gross: $0 * Net: $0 Highly desirable location in Hermosa Beach, surrounded by the hippest bars, shops and beach scene. Just a few steps away from the sand. There is a strong demand for good restaurants and places to hang out on this street. Neighborhood is always bustling year round, day and night. Restaurant is frequented by mid-high income locals and tourists and has very good Yelp reviews. Seats 30 and has plenty of potential. A turnkey operation, with full kitchen. Seller has family emergency and has to leave the country. Very motivated. Get this business now before the beach gets packed again and make tons of profit!!! Please contact Mina Singson at 310-734-6769 or msingson@bizex.net for more information. For quicker response, register and complete the Confidentiality Agreement at www.bizex.net
Shelli Margolin Joins BizEx Business Brokers in Marina Del Ray
March 22, 2011 by Shelli Margolin
MARINA DEL REY, California (March 22, 2011) BizEx is pleased to announce that Shelli Margolin has joined our business broker team. Shelli brings to BizEx a solid background in business sales and acquisitions. She specializes in selling restaurants, retail, professional services, business services and the personal services industry. Shelli comes to BizEx with direct and unique experience working with small business owners. In addition to her experience as a business broker, she has over 15 years in local government providing business assistance and consultation in the areas of permitting, financing, expansion and transitioning of ownership. Her inside knowledge of permit processing for restaurants and liquor licenses is particularly helpful in the sale of restaurants and other businesses.
Santa Ana Mail & Business Center
March 22, 2011 by Shelli Margolin
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/347 Santa Ana Mail & Business Center Asking: $35,000 | Gross: $156,710 | Net: $16,719 Why reinvent the wheel! Buying an existing franchise offers a better chance of success than buying a new franchise. This business was opened in 1993 so you have 17 years of success that has established a customer base and a presence in the Santa Ana. Current owner bought the business last year. Due to family illness and other obligations, the owner cannot devote substantial time to the business. 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 atwww.bizex.com then contact Shelli Margolin at 310 882-2200 ext. 128 or Arthur Kessler at 310-882-2200 ext. 126
March 17, 2011 by Michael D
New Business for sale "Cigarettes and Cigars" Details: https://www.bizex.net/listing/348
March 14, 2011 by Michael D
New Business for sale "Northwest Valley Jewelers" Details: https://www.bizex.net/listing/346
A Strategic Business Sale Case Study
December 03, 2010 by Kendric Foultz
A strategic business sale takes place when the buyer finds additional value in the business for sale than the average financial buyer is able to identify. Most small businesses for sale, if positioned correctly, will attract a number of possible buyers. But in some cases the business for sale in question might be so specialized in its market as to require a very unique buyer. I recently brokered the sale of a specialized jewelry design and manufacturing business that posed this very challenge. The only viable buyers for this business were well known by the seller. These prospects did not know that owner was interested in selling his business and it was my job to keep it that way until we had secured enough general interest in the opportunity.
Assessing the Assets of Your Business
July 06, 2010 by Robert Dean
If you are thinking about selling your business, it would be greatly beneficial to catalog all of your assets in order to help with a successful sale. A business's value is calculated in part by its list of assets. The more you can substantiate your asset value, the more it will increase the business value. Assets are different in every business, and one asset may be more or less important depending on the business and industry. Make sure that you write down and understand how all of your assets contribute to the success of the business. Some of the assets that a seller needs to address include: Equipment: Is the equipment old or new? What condition is it? What's the replacement value? Trade name, Trademarks, & Patents: Does your name and product represent value to your customers? Inventory: How much inventory do your have? What condition is it in? What's the value? Customer & Database Contacts: How many contacts do you have? How many are repeat customers?
5 Essential Items to Sell Your Business Quickly
June 03, 2010 by 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 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.
May 27, 2010 by Kendric Foultz
What do you do as a business owner if your business is in an impossible situation and is taking you down with it? Depending on the ownership structure, you may be able sell it in what essentially looks like a real estate short sale or otherwise known as a pro rata escrow.
Qualifying A Buyer For Your Business
May 12, 2010 by Robert Dean
When selling a business, you want the most qualified person to purchase your company. Finding the right buyer is the key to a smooth sales transaction, and will also contribute to the continued success and growth of the company. When qualifying a buyer, you want someone who is both financially capable, and also someone who has the business knowledge & experience to take the company to the next level. Business Brokers will look at many aspects of the buyer in order to qualify them. The key is to make sure that they are the right fit for the company. In regard to their business experience, a broker will examine several factors, including: Educational Background Have they owned a business General Management Experience Marketing & Sales Experience Operational Experience Inventory Management Do their skills compliment the company Communication & Customer Service skills
Arthur B. Kessler joins BizEx Business Brokers in Marina Del Rey
May 04, 2010 by Arthur Kessler
I am very happy to announce that in these difficult, changing times I am making a positive change with my business brokerage activity. I bring to BizEx more than forty years of successfully assisting people with the purchase and sale of businesses. I have sold businesses as diverse as car washes, mail centers, medical clinics, and manufacturing companies. My background includes law, finance, and government. I am a skilled negotiator and very persistent in the pursuit of the goals of my clients. As a BizEx Business Broker, I will provide all relevant services business owners and business buyers require to be successful in the buying and selling of a business including: valuing businesses, marketing and listing businesses for sale, the creation of Confidential Business Reviews, pre-qualification of businesses for SBA business acquisition loans, working with Buyers to identify acquisition targets in relevant industries and facilitating transactions.
April 23, 2010 by Kendric Foultz
To help a small business seller understand how buyers value businesses, I like to use this analogy. If you bought a nice car fifteen years ago and took very good care of it, chances are that it looks pretty much how it did when you bought it. It still runs great and does the job that you got it for in the first place. If you take care, it could keep going for decades. Now lets say you bought that car for thirty thousand dollars. What do you think you could get for that car today?
Selling Your Small Business? What Makes a Good Buyer?
April 20, 2010 by Stuart Gross
Anyone who has ever sold a business knows that attracting interested and qualified buyers is the name of the game. When a buyer has inquired about your business for sale they will have questions about the business and how it runs. You or your broker should answer those questions and interview the buyer. You want a buyer who is genuinely interested in this business, one who has the skills necessary to run the business, and the financial wherewithal to make this purchase. Your questions and the buyers answers must resolve these issues. If you do not know about your buyer you are likely to waste a lot of time and take your eye off of running your business and finding the right buyer. There are many nightmares that the wrong buyer can cause:
Can positive thinking really make a difference?
April 16, 2010 by Dan Munter
Recently I was interviewed for an upcoming video called Success Can be Simple. All of us who deal in the world of business may agree that success can be simple, but most of us know in reality that it rarely is. Many of us are confronted with obstacles on a daily basis that are not of our own making. We may have the best business plans in place, yet often find ourselves dealing with problems that distract us from following those plans. We may have goals to grow our business but spend every day feeling overwhelmed. In the enclosed video I tell a story that I hope you find both inspiring and educational. The first video is only 6 minutes long. I am interviewed in the last 3 minutes if you want to fast forward to my story.. If you find this helpful, please let me know.
How to be successful in selling your business or why you need a broker!
April 13, 2010 by Kendric Foultz
Selling a small business is not easy. The first thing to acknowledge is that no matter how successful you have been in running your own business you probably dont know the first thing about what it is going to take to sell your business and get the best price and terms for it. A seasoned business broker can fairly quickly analyze your situation and let you know just how marketable your business is and what can be done to make it more so. The next thing you need to do is become emotionally prepared and committed to the process of selling your business. Up to now, you have been the boss, but now you are going to have to take direction from the broker and deal with the demands of the buyers. This is not an easy challenge for many owners. The broker is your partner in this process so youre going to want someone you can trust.
A Company's Business Records Will Affect The Company's Value.
April 09, 2010 by Robert Dean
It is important to have good Books & Records to run a successful business, but it's also very important to have good Books & Records to sell a business. I have dealt with Business Owners with both immaculate Books & Records and owners with improper Books & Records. If your looking to acquire a business, which business would you rather buy? I think you know the answer. It is very difficult to properly value a business with poor books & records. If you want to get optimum value for your business, make sure you have a solid grasp on your company's business financials. Make sure you have Profit & Loss Statements and Tax Returns and for 3 years, a Balance Sheet, a General Ledger and Bank Statements. You will also need this to qualify for SBA business acquisition financing. If you don't have a Profit & Loss, this is where I would start. This will show a buyer exactly how your company operates. Break it down into Gross Revenue, Cost of Goods Sold,
Seven factors that will affect the sale of your business
April 05, 2010 by Stuart Gross
When you are selling your business you should know that the average business takes 6 to 9 months to sell. There are several factors that affect the salability of your business. Revenue and profitability A major factor affecting the salability and price of a business is its revenue and profitability (P&L). There is little you can do to change those facts but the presentation and explanation of unusual activity is important to instill confidence in a buyer. The P&L usually has the most direct effect on sales price. Potential and Scalability Most buyers want to buy a business that they can grow and make better. It is good to know what could be done to grow the business in new ways. For example you may not have an effective website or the business could be open more hours, or it is reasonably easy to expand to larger facilities or additional locations. Be prepared to provide some growth strategy for the potential buyer.
BUYING A BUSINESS WITHOUT THE EMOTION
March 30, 2010 by Dan Munter
Buying a business has many similarities to buying a stock. They both require appraising the value of a company to make sure that you buy at a price which will give you the ability to grow your investment and earn an income (dividend). A careful analysis will use many of the same tools for appraisal. Both buyers will look at the multiple of earnings (P/E ratio), the multiple of revenues (p/s ratio). They will also look at macro trends within the industry of the business/stock and within the general economy. They will both look at what is the barrier of entry into the business.
Why Use A Business Broker To Sell Your Business?
March 25, 2010 by Robert Dean
There are many benefits in using a Business Broker when selling your business. One of the main reasons to use a Business Broker is to free up the owners time so he can concentrate on the business. When an owner tries to sell his or her own business, they will waste a lot of valuable time in doing so. Another very important factor of using a Business Broker is the confidentiality involved with the sale. By not using a Broker, an owner risks loosing key clients, vendors and employees. So how else can a Business Broker help? A Business Broker's duties includes: Coming up with the appropriate value of the business, and explaining to the owner how the value was established. Writing a comprehensive Business Review on the company to increase the marketability of the business and to outline the business for potential buyers. The Advertising and marketing of the business to attract buyers. To answer all questions about the business from potential buyers
BOSS Theory- What small business buyer should look for
March 23, 2010 by Dan Munter
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.
Selling a business in the media, entertainment, film and TV industries?
March 16, 2010 by Stuart Gross
The first thing to consider when deciding to sell your business in media and entertainment (or any of the many creative business sectors including advertising, graphic, communications, branding and even consulting) is transferability. And its not just the creative skills that may need to be transferred, it is also the relationships that mean business to your business. Can a new buyer learn to do what you do and maintain and attract business? If you conclude that your business is transferable you need to have solutions to some key issues. What kind of buyer is capable of taking over this business? Where will I find this buyer? Will my key people stay on? How will I handle my clients in transition? How long should I stay on to make an effective transfer? Should I work with a broker? How do I make a deal? How will the buyer finance the acquisition? Am I really ready to move on from my business?
