Many business buyers have the idea that they will buy a small business to create a second income. The idea is to put in 10 hours a week, or less doing the management functions such as, posting the quick books, making sure the employment forms are filled out correctly and are complete. Lastly they know […]
This is a true story of one of my assignments regarding a Laundromat in Los Angeles County. This story has turned out to be one of the most fascinating tales I have ever heard. I was not brought in before the purchase but 3 years later when problems arose to be an expert witness.
In my seminars, I have been talking about the various options to people that want to own their own business. They are: A. Start a business from scratch and build it slowly while maintaining your existing job. Doing this allows you to learn all about the industry you are going into. There will be few surprises […]
When I was in college, 1965-1969, we talked about the $200,000 billion underground economy. Now 50 years later it must be 10 times that big. A high percentage of small businesses I look at have some cash payroll or some undeclared cash sales. Because of the competitiveness of the market, those that are not paying […]
The battle cry of investing is “Reduce risk while at the same time increase the yield.” This is the game that people with money to invest try to do everyday. In the end it is difficult if not impossible to measure risk, so many decisions are made based on emotions or feelings about an investment […]
The financing of a business is a relatively straight forward process, if you are aware of what lenders are looking for and generally what they will and will not do. They will be looking at your credit, your experience and the sort of down payment you have and information about what sort of note the […]
When a business broker tries to play both sides of the buying and selling process, it can mean trouble for the buyer, seller, or both. Don’t get had by a “dual agent” broker.
Okay, you’ve made the decision to buy a business. Okay, you’ve made the decision to buy a business. You have a lender lined up; an attorney is on the ready line and your CPA is standing by; now you just have to complete the due diligence work. It would be convenient to have either your […]
Business Buying Services tells you everything you need to know about whether or not you should buy a corporation.
The Three Ways to Appraise a Business 1. The ASSET VALUATION METHOD. This method is basically used when a body shop does less than $400,000 a year in gross income and the seller is making wages, but no real profit above what he would be paid if working for another. On this size business, a […]
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Business Buying Services
PO Box 2734, Seal Beach, CA 90740-2734
Phone: 805-428-2063
Fax: 562-446-0575
