Comments & Replies: 2 Topics: buying a business, due diligence
Profile: When buying a restaurant, business buyers must consider a number of critical aspects of the business to determine if the restaurant is a good fit, set up for future success, or requires a concept change instead. BizBenNetwork Senior Facilitator Manager Jordan Green starts this discussion.
Key Words: restaurant, restaurants, jordan green, buyers, buying a business, convert, can convert, asset, asset sale, due diligence
Comments & Replies: 1 Topics: buying a business, due diligence
Profile: It's no secret that both small and large restaurant purchases are sometimes tricky to pull off & can be difficult to determine if a deal is a good one to move forward with. BizBenNetwork Members weigh in with critical investigative components & tips of buying a restaurant in the due diligence phase.
Key Words: restaurant, restaurants, due diligence, joe ranieri, cafe, deli, bar, bars, fast food, coffee, sandwich, poke, mexican, asian, cafes, delis
Comments & Replies: 1 Topics: buying a business, deal structures, escrow bulk sales
Profile: Is writing a back-up offer worth the time when purchasing a small business? The short answer is yes, but a buyer should take certain things into consideration regarding the likelihood that their back-up offer will be in first position, if in the event their first deal goes sideways.
Key Words: joe ranieri, escrow, deal, deals, back up offers, deal structure, purchase agreement, purchase agreements
Comments & Replies: 1 Topics: buying a business, landlords, selling a business
Profile: Dealing with landlords in order to secure a new lease during the sale of a small business can be a complicated issue. While challenging, the failure to secure a new lease will effectively end a business transaction. Jordan Green & other BBN Members explore this issue for business buyers & sellers.
Key Words: jordan green, landlord, landlords, lease agreements, subleasing, sublease, attorney, commercial lease assignment
Comments & Replies: 1 Topics: business brokers, buying a business
Profile: BizBenNetwork Senior Facilitator Jordan Green with others share helpful tips for buyers to prepare for a business purchase in order to ensure a smooth and timely process. From preparation to effectively communicating their expectations with business brokers, these tips will assist all buyers.
Key Words: jordan green, business broker, broker, intermediary, buy a business, finding a business, business selection, entrepreneur
Comments & Replies: 1 Topics: business valuation, buying a business, due diligence, for sale by owner, selling a business
Profile: How do you get an accurate valuation on an auto repair business? While advising several sellers and buyers of auto repair shops, several key factors seem to keep working in the value equation of the auto repair businesses being purchased or sold. BBN Manager Spencer Siegel leads this discussion.
Key Words: spencer siegel, auto, auto repair, transmission, auto repair shops
Comments & Replies: 1 Topics: business valuation, buying a business, due diligence, liquor license
Profile: Liquor stores, like all small businesses, have their own nuances of ownership. In this BBN discussion, we cover things potential owners/buyers of liquor stores should know and think about in order to find success during the due diligence process and ultimately when running a liquor store business.
Key Words: spencer siegel, facilitator, liquor store, liquor, selling a liquor store, liquor license, buying a liquor store
Comments & Replies: 10 Topics: broker cooperation, business brokers, buying a business, for sale by owner, pocket listings, selling a business
Profile: What percentage of businesses for sale that are advertised and/or sold are pocket listings? What is the best way to find out about pocket listings? Are they advertised? Are they a big part of the businesses sold marketplace? In this Discussion on BBN multiple brokers, agents, BBN Members weigh in.
Key Words: pocket listings, open listings, pocket listing, peter siegel mba
Comments & Replies: 11 Topics: buying a business, deal structures, legal issues
Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
Key Words: buying a business, buy a business, mistakes, business buyers
Comments & Replies: 11 Topics: advertising, buying a business, for sale by owner, non disclosures, selling a business
Profile: Recently a business owner asked me on the phone, "Why do you keep the sale of a business confidential? How do you keep the sale confidential - any good tips?" Multiple BBN Members weigh in on this topic and give some very good reasons why confidentiality is so important to both sellers and buyers.
Key Words: nda, confidentiality agreement, non disclosure agreement, confidentiality, confidential