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What Business Owners Should Know About Commercial Leases

Most business buyers are first time buyers, and there’s a lot to learn about running a business. The fundamental rule of business is to make more than you spend, and the largest fixed cost of many businesses is often the rent. Most first time buyers have never had a commercial lease either, so there’s more to learn here… Today we’ll explore some important aspects of a commercial lease, and how it could affect both the buyer and the seller of the business. Fixe ... Read More>>

Is a Gas Station a Good Business to Buy with No Experience?

Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Across the country, there are over 100,000 gas station/convenience stores which bring a cumulative of over $400 billion revenue each year. Since the country literally runs on gas where people have to commute to different places and goods also have to be ferried to different states, the gas station business is one whose future is quite certain. Below are some reason ... Read More>>

Important Elements a Buyer Needs to Consider in a Business Sale

JoAnn Lombardi VR President Experienced entrepreneurs who have bought a business before will have an advantage over a business owner who is experiencing selling their business for the first time. That being said, most buyers have a very difficult task because of the due diligence portion of the transaction is typically an area that the ... Read More>>

Why To Sell Your Business After Your Best Year Ever

Business owners come to me to sell their businesses. I’m a VR Business Broker serving the North Carolina Triangle Market so owners observe the exits I help other owners achieve and ask me about how to achieve their own. Some of these owners I can help; they have a transferable business producing significant cash flow. Others I can’t. They may have had a great business, but now they are trending downwards. Unfortunately for many of these owners, they may have more of a problem than ... Read More>>

What Are the Costs Associated with Buying a Bar?

Buying a bar is a dream that has crossed the mind of many would-be entrepreneurs. Finding the right bar for you and for the market can be tricky, though and, once you have found the ideal bar, you will want to move fast to put down the money and make sure you don’t lose it. You will need to be prepared in advance, though, if you are going to be able to do this. In order to get you as prepared as possible, we give you a breakdown of all the costs involved so that you won’t get caught ... Read More>>

4 Mistakes to Avoid When Buying a Restaurant

When you’re on the cusp of buying a restaurant, it can be an exciting time. And you’d hardly qualify as a would-be restaurateur if your head wasn’t full of food trends, recipes, presentation, cool interiors and more. But there’s a range of less-motivating tasks you’ll also need to nail down if you want to realize your dream purchase anytime soon. It’s a list of items whose importance to your future business prospects can easily be underestimated when your hea ... Read More>>

Thinking of Selling Your Motel? Here's How to Know it's the Right Time

Are you a motel owner who’s planning to sell your business soon and capitalize on your previous efforts? Planning is of the essence; by clearly anticipating all obstacles, you’ll be able to work through them effectively. If you’ve been running a motel for a while, you’re probably no stranger to this logic of anticipating problems and finding solutions in advance. In fact, that is probably the reason why you’re reading this article right now. Luckily, you’ ... Read More>>

Attorney Selection for Business Deals

As a business broker I answer a lot of questions about how to sell a business. One of my FAQs that I share with all business owners planning to sell is call the “Do We Use My Guy Or Yours?” While the “guy” could be a “gal,” the question is all about attorney selection. The point of that FAQ is that sellers must have legal representation when selling a business, whether it’s someone they already know or someone I’m going to recommend. Here are s ... Read More>>

Compromising and Countering

Peter King VR CEO VR Shows How to Negotiate a Business Sale If you've never purchased a business before, negotiating is one of the most challenging aspects of the transaction. What can happen in many cases is that the buyer will spend more for the business than originally intended and the seller receives less than planned. ... Read More>>

Changing the Approach

JoAnn Lombardi VR President How Unlimited Choices Have Given Way to New Marketing Since the beginning of the 20th century, advertising drove our economy in the form of a pre-packaged, one-way story. Today, it's a different story. We've gone from three channels to 500 and from no web pages to a billion web pages. The choices tha ... Read More>>

Choosing the Right Business for You as a Buyer

Peter King VR CEO When you are looking to buy a business, it is important to find the right business first before worrying about the right price. Never base your search simply on finding a good deal because you will find yourself ultimately in a place that you don't want to be. The price must be considered secondary to your ... Read More>>

5 Mistakes to Avoid When Buying a Restaurant

Buying a restaurant is an exciting investment. Finding the right one can be a process taken over by passion. This can cause you to jump into a purchase too quickly. In this article, we discuss some of the mistakes that you could make and how to avoid them! Because, running a successful restaurant will mean buying the right one and avoiding any unwanted surprises! 1. Forgetting to check the lease terms Most restaurants that you buy will be leasing the premises from which they operate. You ... Read More>>


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