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>>
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>>
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>>
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>>
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
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
The price must be considered secondary to your Read More>>
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>>
As any VR business intermediary will tell you, buying a
business gives you a greater chance of success than starting
one from scratch. 80% of new businesses fail in the first three
years due to factors such as poor location, low product quality,
under-capitalization and lack of management skills. Buying an
establ Read More>>
Normalizing earnings can provide insight into a company’s
history and future. Performing this step is key in valuing a
business, but it’s also difficult work that involves more than
merely reading the company’s financial statements.
Normalizing earnings require detailed analysis as well Read More>>
Running your own business is a common dream shared by many. Many dreamers dismiss the idea immediately however, telling themselves it’s sure to be an uphill struggle.
In reality, while taking responsibility for a new enterprise may be tough at times, there are some myths which distort the true picture.
So, to help weigh up the options, let’s separate the fact from the fiction about business ownership.
Were you born for it?
If becoming an entrepreneur was always a walk in the par Read More>>
You have built a great business with love and care. It has grown
larger than you'd ever imagined, and generates a nice profit that
has allowed you and your family to live comfortably. Now you're
ready to sell. You assume there's a buyer out there who will pay
you a fair price and then nurture the company with the Read More>>
No one ever plans to be involved in a bad deal. Yet all too many entrepreneurs and executives enter into buying a business they later regret. This can be true on an individual buying a family business or a company looking to expand through acquisition. There are generally the same mistakes made over and over; lack of Read More>>
Buying a business and running
it as a family-owned enterprise remains an entrepreneurial dream for a great
many people. So much so that America relies on family businesses to generate 60
percent of its current employment.
It’s easy to see the appeal:
the thought of choosing your own direction while working alongs Read More>>
When Is The Best Time To Enter Business Ownership?More and better businesses opportunities are available now
than we have seen in history...if you know how and where to
find them. This may be your best opportunity to take
advantage of gaining the years of hard work and investment of
someone else. The current economy is the most favorable we
have seen in years to make your move!
At some point the owner of every business and professional
practice will exit his/her business through a sale or Read More>>
The only thing worse than no professional
support is the wrong professional support. Ask these questions to secure the
Selling a business on your
own to save money is often a false economy, but hiring the wrong business broker is arguably even worse.
If you are to avoid
appointing a broker who is unscrupu Read More>>
decided you want to be your own boss, next you have to choose not just your
sector but whether you start a business from scratch, buy an established
independent business or buy a franchise.
option has its own merits and drawbacks and which one suits you depends on your
personal attributes and what you want Read More>>
We often get the question from those wishing to become a business broker: Do I need to have a license? And the answer is yes and no. First, there is no such thing as a "Business Broker License". However many States and Provinces do require a real estate license to facilitate the selling of a business. Below is a lis Read More>>
Want to be your own boss but not sure which
way to go about it? Here, you can weigh up the pros and cons to see whether
buying a franchise or a business would suit you best:
One of the positives of buying a franchise
is the increased number of loan options available to you.
Brand names and a transpare Read More>>
VR McKinney, TX
U.S. FRANCHISING FACTS
· It is estimated that franchising creates 18 million jobs
& generates $2.1 trillion to the economy
· Approximately 1 out of 12 businesses in the US are
· The franchising industry accounts for approximately 40% of
· Read More>>
While there are many reasons to buy (or not buy) a business; purchasing an established business compared to starting a new business has some advantages. A proven location, products that have a history of selling, employees who already know their jobs, customers who are loyal to your brand, and existing cash flow are Read More>>
While writing an offer may seem like the final or ultimate step to the buyer, it is really just the first step in the process. It starts the negotiations process and sets the ground work to determine how flexible a seller might be. If a buyer, writing an offer should be relatively straight forward. The key Read More>>
The key to good observation and listening skills is to build a better picture of how the seller or buyer is likely to react. You want to anticipate reactions so that you can solve problems before they become an issue.
To build this picture, it is helpful to use a model to describe general personality types. Althoug Read More>>
Making the decision to purchase either a private business or a franchise is an important decision when you start out to begin a new business venture. There are many choices, challenges, and many benefits to a franchise opportunity so it is vital to really understand the nuances before you sign on the dotted line.
U Read More>>