Cash flow
$65,000
Revenue
$120,000
Down
$160,000
Posting: 283897 | Available | 3/29/24
Asking price reduced, the sale must be "An All Cash Offer". This coin laundry is strategically located in a bustling neighborhood shopping center, perfectly positioned at a high-traffic intersection. Don't miss out on this exceptional opportunity.
Asking Price
$160,000
Cash flow
$174,000
Revenue
$480,000
Down
Call/Email
Posting: 284308 | Available | 3/26/24
This coin laundry is well maintained and very clean, the best laundromat in town. It has an ample parking lot and an excellent and easy location. The asking price is $1,095,000.00 The seller requested a prospective buyer who has great experience in this field and runs his store diligently.
Asking Price
$1,095,000
Cash flow
$74,533
Revenue
$297,600
Down
Call/Email
Posting: 284691 | Available | 3/23/24
This is an opportunity for first-time buyers to own and operate a laundromat that was fully remodeled in 2019, with all soft mount washers that are highly efficient in utilities. Vend prices are on the low side, with a lot of opportunities to grow the income of the store. Rent is very reasonable.
Asking Price
$385,000
Cash flow
$35,160
Revenue
$119,580
Down
Call/Email
Posting: 285812 | Available | 3/23/24
This coin op laundry has a steady flow of customers both new and old. The Seller, who is retiring, maintains the laundry like a professional. The Seller has owned an operated this laundromat for over 10 years. All of the equipment is in excellent condition.
Asking Price
$148,985
Cash flow
$598,656
Revenue
$1,024,530
Down
Cash Only
Posting: 285772 | Available | 3/21/24
For sale are 3 laundromats in Victorville and Hesperia. All together are $3 million total. (1) Victor Ville: $37,3362/year; Rent $5,172, 3792 sf | (2) Victor Ville: $ 266,064/year; Rent $3,012, 2100 SF | (3) Hesperia: $385,104/year; Rent $4,696, 1800 sf
Asking Price
$3,000,000
Cash flow
$29,200
Revenue
$134,280
Down
Call/Email
Posting: 285766 | Available | 3/21/24
This San Francisco self service laundromat is kept very clean with lots of plants that gives the laundry a nice feel. There are 25 commercial washers and 26 commercial dryers. The well managed self and full service laundries are doing very well as this is a basic business.
Asking Price
$138,985
Cash flow
$65,508
Revenue
$211,620
Down
Call/Email
Posting: 285568 | Available | 3/7/24
This laundry location has recently been remodeled and has a steadily growing income. It is located in a densely populated area surrounded by lots of apartment complexes.
Asking Price
$298,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285553 | Available | 3/7/24
This established, neighborhood coin laundry in Glendale Montrose area has a solid existing income, but tons of growth potential. Excellent opportunity as a starter store, or for an experienced owner looking to customize it to their taste.
Asking Price
$350,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285554 | Available | 3/7/24
This coin laundromat is located in a densely populated neighborhood in east Los Angeles with excellent demographics for the business. With a full remodel in 2015 and additional new equipment added within the last two years, this turn-key location is a great investment opportunity for a new owner.
Asking Price
$535,000
Cash flow
$108,000
Revenue
$255,000
Down
Call/Email
Posting: 277572 | Available | 3/4/24
For sale is a high-traffic laundromat located in Modesto, CA. The washers and dryers were replaced a few years ago. It is located in a very busy shopping center with a lot of foot traffic. Business is run on a loyalty card system.
Asking Price
$650,000
Cash flow
$107,880
Revenue
$396,000
Down
Call/Email
Posting: 282118 | Available | 3/4/24
This is a well-established and profitable coin-operated laundry with a strong cash flow. The laundromat is located in a densely populated rental neighborhood with great visibility in a high-traffic area. There is easy in-and-out access and excellent parking.
Asking Price
$480,000
Cash flow
Call/Email
Revenue
$360,000
Down
Call/Email
Posting: 282215 | Available | 3/1/24
Well-established laundry in the Los Angeles southwest area. It's in a 7-11 shopping center with T-Mobile, all 6 units with good parking. Near a several hundred-unit huge apartment complex, Honey Hole of laundry demographic. Just got a new $150,000. Equipment is included in the price.
Asking Price
$339,000
Cash flow
Call/Email
Revenue
Call/Email
Down
$50,000
Posting: 285371 | Available | 2/26/24
Are you seeking a lucrative investment in a prime upscale neighborhood while maximizing tax benefits? Look no further! Presenting an exceptional opportunity to acquire a thriving laundromat nestled in the heart of an upscale neighborhood.
Asking Price
$150,000
Cash flow
$101,580
Revenue
$381,600
Down
Call/Email
Posting: 285375 | Available | 2/26/24
This coin operated laundromat has an excellent mix of equipment in additional to good parking with easy in and out access. It is a well-established laundromat with an established customer base. It is a prime location in a densely populated rental neighborhood.
Asking Price
$438,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 281258 | In Contract | 2/16/24
This spacious nicely arranged store offers the best and unique mix of equipment sizes to the local surrounding neighborhood to wash and dry their clothes. The spacious turn-key store is ready for someone to come in and be ready to continue the operation.
Asking Price
$299,000
Cash flow
$37,440
Revenue
$186,432
Down
Call/Email
Posting: 285167 | Available | 2/14/24
This laundromat is located in a populated rental area. This is a super clean laundry with good equipment mix of options that give customers what they want. It has easy in and out access and plenty of parking. This is an excellent starter laundromat!
Asking Price
$168,000
Cash flow
Call/Email
Revenue
$231,000
Down
Call/Email
Posting: 284432 | Available | 2/14/24
This laundry is located in a busy strip center and on a major intersection. It is very well maintained with easy in and out access and great parking. It is located in a populated area surrounded by lots of apartment complexes.
Asking Price
$268,000
Cash flow
$350,000
Revenue
$700,000
Down
$25
Posting: 268038 | Available | 2/9/24
This Dry cleaner with plant located for 35 years in strip shopping mall with national brand food store, gas station, banks and restaurants etc. Revenue and cash flow are excellent and all equipment is working good condition. Good book records. Seller will provide all information to qualified buyer.
Asking Price
$650,000
Cash flow
$240,000
Revenue
$360,000
Down
$750,000
Posting: 281340 | In Escrow | 1/23/24
A coin laundromat in Rockridge, Oakland. The current owner has had it for 16 years and it has been established for 40 years. It is in a great location and generates huge cash flow. It is open 7 days a week. The equipment and machines are 7 years old.
Asking Price
$750,000
Cash flow
Call/Email
Revenue
$347,364
Down
$499,000
Posting: 284758 | Available | 1/20/24
This is a large coin laundry in Oakland near Lake Merritt. It's a full attendant. It is open 7-days from 7am to 9pm. Rent at $6,750/month for 3,300 sq ft. It's available for parking spaces in the rear. Annual Estimated Gross: 347,364. A new lease is negotiable.
Asking Price
$499,000
Cash flow
$68,500
Revenue
$152,400
Down
$235,000
Posting: 275461 | Available | 1/11/24
For sale is a neighborhood laundromat in the desirable area of Glendale/La Crescenta with a solid customer base. It's a good income-producing laundry. This is a medium-sized laundry with easy access in and out, good visibility, and parking. All equipment is in good working order and well-maintained.
Asking Price
$235,000
Cash flow
$400,000
Revenue
$850,000
Down
$30
Posting: 284599 | Available | 1/10/24
This coin laundromat store sales a business and property. The store is located in a densely populated area. The store has recently expanded to get more space and growing the sales. The parking space has over 20 spaces.
Asking Price
$3,900,000
Cash flow
$550,000
Revenue
$1,000,000
Down
$40
Posting: 280104 | Available | 1/10/24
This coin laundry is located in Korea town of Los Angeles County, California. It is semi-absentee run and open 24 hours. With rental income.
Asking Price
$3,000,000
Cash flow
$39,600
Revenue
$150,000
Down
$158,400
Posting: 284543 | Available | 1/6/24
This is a coin/card laundromat for sale in SF (Mission District). It is absentee owner run. The monthly estimated gross is $12,500 and the monthly estimated cash flow is $3,300. Rent is $3,150/month for 1,100 sq ft. Lease goes until 11/1/2027, but an extension is negotiable.
Asking Price
$158,400
Cash flow
$96,000
Revenue
$540,000
Down
Call/Email
Posting: 256087 | Available | 1/6/24
This is a well-established laundromat and it has a large amount of local & faithful customers. The laundromat business is a good part-time business for people from all walks of life for supplemental income. A new operator with good business sense would do well to take over the business.
Asking Price
$295,000
Cash flow
$65,208
Revenue
$232,140
Down
Call/Email
Posting: 284258 | Available | 12/12/23
For sale is a 3,500 sq ft. laundromat located in the city of Compton. It has great potential. The owner is retiring and will entertain any reasonable offer. The seller is very motivated!
Asking Price
$255,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283818 | Available | 11/12/23
This laundromat in located in an area that is going through a period of gentrification and is located attractively to this growing population. There is plenty of parking. It is largely an Hispanic market area with larger family sizes and mostly renters; an ideal market area.
Asking Price
$175,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283817 | Available | 11/12/23
This laundromat is located in a prime San Fernando Valley market area with good parking. The laundromat is 6,000 sq ft. in space with a lot of potential for increased revenue through ancillaries. The business has fallen to unprofitable levels. The equipment is beyond its useful life.
Asking Price
$295,000
Cash flow
$60,000
Revenue
$200,000
Down
$250,000
Posting: 285036 | Available | 4/30/24
This is a laundromat located at Signal Corner Shopping Center. It has busy foot traffic. There are brand new 64 Unit apartment opening across the street in March. It has had the present owner for 8 years and there is still lots of potential to increase the sales revenue.
Asking Price
$250,000
Cash flow
$38,400,000
Revenue
$73,200,000
Down
No Seller Carry
Posting: 286371 | Available | 5/1/24
High Volume Location in a beautiful vacation destination city.
Asking Price
$180,000,000
Cash flow
Call / Email
Revenue
Call / Email
Down
35%+ SBA
Posting: 268983 | Available | 7/21/21
Best money making laundromat in la. Great visibility and prime location! 8400 sq. ft. free-standing building in a great demographic prime location. This is one of the best laundromats in the area. Great visibility with ample parking and easy in/out access. Low rent and long-term lease for 25 years.
Asking Price
Call / Email
Cash flow
$363,336
Revenue
$690,000
Down
Call/Email
Posting: 285077 | Available | 4/30/24
This is a rare chance to buy a coin laundromat business with the property! It is a free-standing corner location with great visibility, serving a dense residential zone. They have kind staff and loyal customers in place. It has everything needed to please the customers.
Asking Price
$3,000,000
Cash flow
$90,000
Revenue
$290,000
Down
$50
Posting: 284608 | Available | 4/18/24
For sale is a coin & card hybrid laundromat with brand new washers that is open from 7:00am-9:30 pm. The size is 2,500 sq ft. and rent is $6,500 plus CAM charge. The lease is 3 five-years lease & options. This is the best laundromat for a first-time business owner.
Asking Price
$375,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285553 | Available | 3/7/24
This established, neighborhood coin laundry in Glendale Montrose area has a solid existing income, but tons of growth potential. Excellent opportunity as a starter store, or for an experienced owner looking to customize it to their taste.
Asking Price
$350,000
Cash flow
$101,580
Revenue
$381,600
Down
Call/Email
Posting: 285375 | Available | 2/26/24
This coin operated laundromat has an excellent mix of equipment in additional to good parking with easy in and out access. It is a well-established laundromat with an established customer base. It is a prime location in a densely populated rental neighborhood.
Asking Price
$438,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 282134 | Available | 8/10/23
Rebuilt the existing Coin Laundry and reopened one year ago. Brand new machines, drains, cabinets, water supply system, coin changers, and roof.
Asking Price
$1,800,000
Cash flow
$42,177
Revenue
$219,793
Down
$125,000
Posting: 280725 | Available | 4/21/24
This is a coin laundry (semi-absentee-owner run) for sale in Mission, SF. The estimated gross is $219,793/year. The estimated cash flow is $42,177/year. The rent is $3,896/month. A new lease is negotiable with the landlord. It is 1,500 sq ft. It is open 7 days a week from 6am to 8:30pm.
Asking Price
$125,000
Cash flow
$93,900
Revenue
$240,000
Down
$40
Posting: 286283 | Available | 4/26/24
This coin laundry, which has been well-maintained for over 13 years, is now ready for sale. It is located in a Hispanic populated area at the center of a small shopping center with ample parking and offers very reasonable rent with a long lease available for the new qualified buyer.
Asking Price
$265,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 283818 | Available | 11/12/23
This laundromat in located in an area that is going through a period of gentrification and is located attractively to this growing population. There is plenty of parking. It is largely an Hispanic market area with larger family sizes and mostly renters; an ideal market area.
Asking Price
$175,000
Cash flow
$174,000
Revenue
$480,000
Down
Call/Email
Posting: 284308 | Available | 3/26/24
This coin laundry is well maintained and very clean, the best laundromat in town. It has an ample parking lot and an excellent and easy location. The asking price is $1,095,000.00 The seller requested a prospective buyer who has great experience in this field and runs his store diligently.
Asking Price
$1,095,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284689 | Available | 4/19/24
This laundromat has recently been remodeled with some new equipment. It has an excellent mix of equipment. It is located in a strip center with great visibility and easy access.
Asking Price
$318,000
Cash flow
$60,000
Revenue
$168,000
Down
$200,000
Posting: 286313 | Available | 4/28/24
The estimated gross is $14,000 per month, and the estimated cash flow is $5,000 per month. The rent is $4,000 per month for 4,500 square feet. The lease is until June 30, 2029, and the lease extension is negotiable with the landlord. The business operates seven days a week from 8 am to 8:30 pm.
Asking Price
$200,000
Cash flow
Call/Email
Revenue
$347,364
Down
$499,000
Posting: 284758 | Available | 1/20/24
This is a large coin laundry in Oakland near Lake Merritt. It's a full attendant. It is open 7-days from 7am to 9pm. Rent at $6,750/month for 3,300 sq ft. It's available for parking spaces in the rear. Annual Estimated Gross: 347,364. A new lease is negotiable.
Asking Price
$499,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 282164 | Available | 10/5/23
2850 SF Well-established Coin Laundry w/ High Stable Income in LA. Great visibility and stable income with great growth potential. Located in a strip mall in a prime location. Great visibility with ample parking and easy in/out access. This coin laundry is located in a very densely area,
Asking Price
Call/Email
Cash flow
Call/Email
Revenue
$182,400
Down
$25
Posting: 281139 | Available | 11/3/23
For sale is a special chance to own property in a dense residential area of LA. The business is a clean CL with staff, and is ideal because of absentee owners. New operator can add new services to boost revenue. There is a loyal customer base, and this is a great opportunity. Don't miss out!
Asking Price
$1,350,000
Cash flow
Call/Email
Revenue
Call/Email
Down
25%+ SBA
Posting: 249197 | Available | 10/14/20
Coin laundry is an anchor tenant and there is a market as a tenant in the retail building. Stable income and great regular customers. Building 5,160 sq.ft. Lot size 12,282 sq.ft. Monthly gross $38,000. Monthly net income $20,500. 53 washers/56 dryers. All equipment is well- maintained.
Asking Price
Call/Email
Cash flow
Call/Email
Revenue
Call/Email
Down
$50,000
Posting: 285371 | Available | 2/26/24
Are you seeking a lucrative investment in a prime upscale neighborhood while maximizing tax benefits? Look no further! Presenting an exceptional opportunity to acquire a thriving laundromat nestled in the heart of an upscale neighborhood.
Asking Price
$150,000
Cash flow
$129,278
Revenue
$269,492
Down
$900,000
Posting: 281832 | Available | 7/27/23
The seller wants to retire. The seller has owned coin laundry for 30 years, Open hours are 6:00 am-10:00 pm. Lot size 0.38 acre, Building size 5654 sqft (Coin Laundry 4000 sqft). Coin laundry $20000/mo, Water store $2000/mo, 99 Cents store $1200/mo. Coin Laundry $500000, Property 2.5 M.
Asking Price
$3,000,000
Cash flow
Call or Email
Revenue
Call or Email
Down
$40
Posting: 252709 | Available | 10/20/20
Well-established Coin Laundry w/ stable income in LA Koreatown! Great location, location, location! Excellent prime location in a small strip mall on a major street in the heart of Koreatown. Ample parking with easy in and out access. This laundry is always busy with lots of regular customers.
Asking Price
Call or Email
Cash flow
$200,000
Revenue
$425,531
Down
$370,000
Posting: 285822 | Available | 4/18/24
The current owner, who has operated the business for 23 years, is seeking to retire. The laundromat is approximately 10 years old and has been well-maintained, ensuring its good condition. The laundromat features 67 washers and 48 dryers, offering substantial capacity for customers.
Asking Price
$740,000
Cash flow
$639,000
Revenue
$1,160,000
Down
$20
Posting: 240277 | Available | 10/10/20
Coin laundry was designated as an essential business during Pandemic. And government supports 6 months SBA loan payments if the escrow is closed before 9/27/2020. The amount would be about $130,000. benefit for the buyer.
Asking Price
$5,200,000
Cash flow
$65,508
Revenue
$211,620
Down
Call/Email
Posting: 285568 | Available | 3/7/24
This laundry location has recently been remodeled and has a steadily growing income. It is located in a densely populated area surrounded by lots of apartment complexes.
Asking Price
$298,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285554 | Available | 3/7/24
This coin laundromat is located in a densely populated neighborhood in east Los Angeles with excellent demographics for the business. With a full remodel in 2015 and additional new equipment added within the last two years, this turn-key location is a great investment opportunity for a new owner.
Asking Price
$535,000
Cash flow
$18,360
Revenue
$109,992
Down
Call/Email
Posting: 286072 | Available | 4/9/24
This coin operated laundromat in Sacramento, California has great visibility from a highly trafficked street, a loyal customer base, and ample parking.
Asking Price
$149,000
Cash flow
$74,533
Revenue
$297,600
Down
Call/Email
Posting: 284691 | Available | 3/23/24
This is an opportunity for first-time buyers to own and operate a laundromat that was fully remodeled in 2019, with all soft mount washers that are highly efficient in utilities. Vend prices are on the low side, with a lot of opportunities to grow the income of the store. Rent is very reasonable.
Asking Price
$385,000
Cash flow
$77,400
Revenue
$250,000
Down
$160,000
Posting: 285863 | Available | 4/29/24
Seller financing $100,000 available. For sale is a coin-operated laundromat. It is open 5:30 am and close 10:30 pm with an auto-door open/close by timer. It is located in Lynwood, California and is semi-absentee run.
Asking Price
$320,000
I am the Founder Of BizBen.com. I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. Contact me today about joining & utilizing BizBen, consultations, & advisory services.
ServingNationwide - All Areas
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingSouthern California
For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Call me regarding business purchase financing and to get pre-qualified: 925-785-3118.
ServingNationwide - All Areas
I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA.
ServingNationwide
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
Laundromats undeniably represent a fantastic business opportunity. They offer high returns and require minimal hours, making them an attractive investment. Even during severe economic downturns, laundromats prove resilient as they provide an essential life service, but why do laundromats fail?
For Laundromat investors looking to enter the industry, these are challenging times. This significant industry that is surging due to "smarter" equipment, cleaner spaces, more staff, & the larger payback for offering a better customer experience. But, brokers & sellers have unrealistic valuations.
The coin-operated laundry business has undergone significant changes, evolving beyond its traditional model. Laundromats are now transforming into comprehensive "laundry businesses." This shift reflects a broader approach that goes beyond mere self-service coin-operated machines.
Chuck Post hosts these live FREE online webinars on Buying A Card or Coin Laundry. These webinars occur every Weds at Noon. Have your questions ready for an open and honest discussion about both the Pro & Cons of the Vended Laundry Business. RSVP or for more info phone Chuck at 619-227-5711 direct.
Chuck Post, a leading laundry expert with over 37 years of developing laundries, retooling, and rebranding hundreds of existing laundries, tells investors how to search, find, evaluate, and do good laundry due diligence laundries for acquisition. A must read for new investors & current operators.
Laundry buyers and investors should expect both challenging times and opportunities for success in 2022 and 2023. Chuck Post, Laundry Industry Advisor explores growth opportunities, equipment advances, industry challenges and trends all laundromat buyers and investors should know about.
Utility rates are on the rise. I am getting calls from laundry owners complaining of the costs, asking for ideas. So what is the answer? What is the best approach in combating these costs? Chuck Post, laundry consultant discusses strategies for keeping coin laundry utility costs under control.
The laundry business offers all of those rewards of business ownership, with much fewer headaches than with most other businesses. However buyer beware - Chuck Post, laundry broker and consultant covers several mistakes many first time laundry buyers commit when buying a California laundromat.
Many Californians want to buy a coin laundry because it's a business that doesn't require full time owner attention and because, as an all cash business, the owner is always paid before the service is provided. But there are a few misconceptions about the business and a buyer should have the facts.
When investing in a laundry business, there are two methods. One is preferred, but the other is far more common. If you are considering entering into a new industry, like most now entering the laundry industry, you want to have a good understanding of both opportunities. Chuck Post explores both.
Laundromats and coin operated Laundromats are popular choices among business buyers as they often can be successfully run as an absentee run business. You need to be strategic about when you sell your Laundromat so you don't get taken to the cleaners by a buyer and so that you maximize your profits.
Coin operated laundry for sale (also referred to as a laundromat), which typically can yield a 20% to 30% profit (before taxes, interest, depreciation and amortization) on gross revenues to the owner. Peter Siegel, MBA with BizBen.com discusses this topic on buying small to mid-sized laundromats.
When seeking large SBA business acquisition financing loans, it helps to review seller's add backs (cash flow analysis) as a source of funding to service the debt. Peter Siegel, MBA - SBALoanAdvisors.com Founder covers this specific topic for business buyers, owner/sellers, agents, business brokers.
This webinar is designed for business buyers, owner/sellers, business brokers, agents, and advisors who can benefit on the latest information and strategies on procuring large SBA loans to buy or sale a "large" small business - typically priced between $500K to $10M. Peter Siegel, MBA is the host.
What is your goal in 5 years? Do you want to become a business owner? Buying a business can be an exciting, safe opportunity to gain financial freedom. But how to buy the right business? This article will walk you through the process of buying a business.
After investing years of time and talent into a company, many small business owners want to feel like they are leaving their business in good hands and for that reason, some sellers opt to sell their business to an employee. Let's talk about the pros and cons to taking this route.
Buying a small to mid-sized business can be a confusing and/or frustrating process for many buyers. Statistics show that over 80% of all buyers never end up buying a business. The ProBuy Program assists potential buyers with the process of finding, evaluating & buying a small to mid-sized business.
Peter Siegel, MBA discusses buyers who want to buy a business or franchise know about asking the seller to provide part of the financing with a carry-back note. Many business buyers need some cash to help fund the down payment and for working capital. Here are four ideas about how to get that money.
You've found your dream business. You've called/emailed/texted the broker or owner; you've tried to reach out again via phone/email/text. However you're not getting a response and it's getting frustrating. How to get brokers/owners to return your calls/emails/texts - what key strategies to utilize.
What are actual adjusted net earnings (cash flow) of a small business being purchased with business acquisition SBA Loan financing? That's an important amount that lenders need to know. Peter Siegel, MBA (BizBen.com, SBALoanAdvisors.com Founder) reviews this important concept with BizBen Blog users.
Selling a business is hard enough but using the wrong word, text, and strategy can really delay or outright kill a campaign to sell a small business successfully. Peter Siegel, MBA Founder of BizBen.com shares what words, phrases, and strategies work (and not) when selling a small business online.
There are companies who specialize in purchasing Business Notes (of course at a discount). You can sell all or part of your note. Peter Siegel, MBA BizBen Founder and ProBuy & ProSell Lead discusses this entire process in his latest article on selling your business note after you sell your business.
A question sellers ask: how do I sell my business without getting sued, isn't a subject just for discussions with lawyers. A seller can take some precautions to reduce potential legal problems. Peter Siegel, MBA Founder Of BizBen and BizBen.com's ProBuy and ProSell Programs discusses this topic.
A business buyer in our ProBuy Program searching to buy a business asked me to sum up what I though the biggest mistakes business buyers make when they search for and bought a small business. I asked ProIntermediaries on BizBen their thoughts on the matter and received a diverse response.
The latest BizBen.com survey of Business Brokers and Agents outlined what it takes to be a top ten percent performer in the business brokerage industry. From good communication to utilizing your resources, these traits are something to take note of and put into practice to be successful.
To start a business or try something new, starting a franchise business is a great option. In this blog, we'll break down everything you need to know about buying a franchise in simple, easy-to-understand terms. This guide is for business owners, whether experienced or new.
First the dreaded statistic: 80% of all business buyers looking to buy a small business never end up doing so! Peter Siegel, MBA BizBen.com Founder & ProBuy Director) covers successful tactics & strategies all business buyers of small to mid-sized businesses should utilize now to buy a business.
SBA large loan expert and advisor Peter Siegel, MBA (BizBen.com & SBALoanAdvisors.com Founder) shares his views and experience for getting the right SBA loan for larger deals, getting deals professionally prequalified & analyzed, and getting that loan through underwriting with fewer complications!
How does the laundromat business look as we enter this changing environment? Is it still as easy to operate a laundry and be profitable? Is it still the American Dream Business that it has been known to be? Yes, but… Chuck Post, Laundry Advisor & Consultant initiates this BizBen Discussion post.
We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.
Chuck Post a laundry consultant, specialty broker, buyer representative & due diligence advisor starts this discussion on why it's important to have an exit strategy in mind while buying a laundromat! He & others explain why this concept is so important for buyers especially in the laundry business.
However all the laundry listings are asking 4X to 5X multiple for an asking price! Is this reasonable, standard? We are are looking buy either a coin or a card laundry and want to pay a "fair" price. What factors go into valuing a laundry business these days? Multiple Advisors answer this question.
For those who don't know, a non-compete agreement is a contract between a buyer and seller of a business, which after the sale, prohibits the seller from engaging in direct competition with the business they previously sold. Joe Ranieri (Business Broker) adds this topic to a BizBen Discussion Post.
In our BizBen.com June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future.
Sometimes business brokers just can't win with their clients, because if an offer comes in too fast & too early then they must have lowballed the price & the seller is suspicious, and if not enough offers come in after putting the business on the market - they may look unproductive to their clients.
As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.
When seeking SBA loan financing many potential business buyers have wrong information about the process of securing the best financing to buy a business. Peter Siegel, MBA a business purchase financing expert delves into the myths regarding SBA financing and business purchase financing.
We're hearing more and more about "crowd funding" through sites like gofundme and kickstarter as a possible way to raise the cash needed to buy a small business. This method of collecting funds has proven successful in other kinds of situations. Could this strategy work when buying a small business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Peter Siegel, MBA (BizBen ProBuy Program) and others explain a few of the ways that a buyer can beat out other buyers.
When purchasing a small to mid-szied business, there are a multitude of things to evaluate. One area that is often overlooked is the business's culture. Peter Siegel, MBA with BizBen discusses with potential buyers the importance of understanding how the business runs on a day-to-day basis.
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.
It's important to remember that selling a business takes time. Unlike selling a house, which can be sold relatively fast, a business can take up to six months to a year to sell. I discuss this topic with other advisors and intermediaries on this BizBen Discussion.
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion are aspects of a business that really drives its value and pricing. A business owner asked me this question today so I wanted to get others view points as well in this Discussion.
It can take months, sometimes longer to sell a small business. Here are 6 questions plus other information from myself plus other BizBen Users to ask yourself to help you determine why your small to mid-sized California business isn't selling. You might be surprised what those reasons are!
Should I Sell My Business During The Holidays Or Wait Till After The New Year? Business Broker Joe Ranieri and others chime in on this BizBen Discussion about selling a business during the Holiday Season.
Applying for a business acquisition loan can be challenging for someone who hasn't been through that process in the past. If one has a mortgage one knows that the value of the property being pledged has to at least equal the amount of the loan, SBA loans to buy a small business are very different.
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Peter Siegel (BizBen ProBuy Program) discusses this topic with others.
At What Point Do You Show Key Marketing Info And Materials To Buyers? Robb Hartman, Business Broker at BizBen discusses this topic with others on this BizBen Discussion.
Business buyers many times ask in my ProBuy consulting sessions - how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic.
The owner selling the business doesn't have recent financial information or documentation but insists revenues are increasing. Should buyers believe the seller? What should buyers do in this situation? ProIntermediaries on BizBen answer the question of verifying seller / owner's financial claims.
