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BUYERS

For business buyers our knowledge of the business market is second to none. We know the area’s best locations, the current market conditions, and the opportunities for buyers in today’s market. Our buyer specialists are committed to helping you find the business you want at the right price.

Top 10 Tips to Buying a Business.

Bob Hughes, Broker/President, Hughes Properties

10.) Make an offer; Good luck will come in handy here.

9.) Make sure the price of the business allows you a chance to make an income & pay off the note within a reasonable timeframe.

8.) Try to determine if the current employee will stay with the business. A lot of the value of a business has to do with trained employees already in place.

7.) Make sure the lease has some time left. The landlord will let the lease be transferred, especially if there is an established connection with them.

6.) Be prepared for usual tax returns and profit and loss (P&L) statements from an existing small business owner. The owner’s goal has been to keep as much cash as possible. You will have to have your accountant analyze the statements and have the “put backs” in the cash column.

5.) When you look to purchase a business it is imperative for you to have mutual respect between you and the seller. The seller is the most important asset you will have in the transition of the business.

4.) Most banks do not finance a business purchase. You must have funds or find alternating funds. Usually the seller will help finance the purchase, but they usually want additional collateral.

3.) Be aware of location of the business as well as doing your homework on any major changes around your new business.

2.) Find a business you can afford. Keep money for (6) months operating capital. There is always a learning curve when you buy a business. Money/Cash flow is the lifeblood of any business.

1.) Look for a business that matches your personality. A new business should be something you love to do. You will work better when you like what you do!

Got questions about buying or selling a business?

Call or Email us anytime.


Testimonials

Jack

I can confirm a very positive experience while working with Hughes Properties during the sale of not just one, but two commercial buildings; Davey’s Hideaway in South Palm Springs and a mixed-use building on South Indian Canyon Drive. The Hughes team quickly presented a number of potential buyers and a perfect fit was soon identified. From A to Z, Hughes took care of everything for me.

I look forward to once again working with Hughes Properties when I have other properties ready for market. I would and do recommend them 100% to others.

Jack

Hughes Properties Business Broker
5.0
2017-06-10T19:51:39+00:00

Jack

The Hughes Team Quickly Presented A Number of Potential Buyers I Would and Do Recommend Them 100% to Others

Laurie

In March 2014, I purchased a yogurt business in Palm Springs. The asking price was great!  However, my circumstances changed and I decided to sell my business. In less than a month Bob and Tammy had found me a ready, willing and able buyer.  I sold my business with a very nice profit. Bob and Tammy understood my needs and worked diligently to find the perfect buyer and I couldn’t be happier. I would highly recommend Hughes Properties to anyone who is looking to buy or sell a business in the Palm Springs area

Laurie

Hughes Properties Business Broker
5.0
2017-06-10T19:53:41+00:00

Laurie

I Couldn’t Be Happier Business Buying & Selling with Hughes Properties

Monica

Thank you for showing me your electrical business listing that provides lighting maintenance for Home Owner Associations and for helping me to purchase it.

I am happy to report that the purchase of this business has turned out better than my expectations. With a few changes and attention to detail, this business has turned out to be a slot machine; with checks seemingly arriving every day.

Monica

Hughes Properties Business Broker
5.0
2017-06-10T19:51:00+00:00

Monica

Better Than My Expectations This business has turned out to be a slot machine; with checks seemingly arriving every day

George

Thank you for all your help with the sale of my construction and electrical business. I’m sure it was one of the more challenging sales of late, but I just want you and your staff to know how much I appreciate your good work on this sale.

George

Hughes Properties Business Broker
5.0
2017-06-10T19:52:59+00:00

George

I Appreciate Your Good Work I’m Sure This Was One Of The More Challenging Sales Of Late

Kevin, Owner The Barracks Bar

My name is Kevin, the owner of The Barracks Bar in Cathedral City, CA.

In my quest to acquire The Barracks Bar I needed to also purchase a liquor license and place it at the property. I chose to work with Hughes Properties because I had previously worked with them 8 years earlier when I had them sell a bar for me called Twisters.

My experience was a good one so I chose them again. This new bar was a very special project because its license had been revoked. I knew there would be no guarantees getting a new license granted for this location and I faced many hurdles.

 

Kevin, Owner The Barracks Bar

Hughes Properties Business Broker
5.0
2017-06-10T19:50:01+00:00

Kevin, Owner The Barracks Bar

I Had Previously Worked With Hughes; My Experience Was A Good One So I Chose Them Again Held My Hand Through The Entire Process

Laurie M., Palm Desert, CA 9/15/16

We bought two real estate related businesses in the desert in 2015 and Bob’s expertise, knowledge, humor, wit, and level-head were invaluable to us throughout the entire process.   Bob comes with a wealth of business acumen through the various businesses he has built and sold through the years, along with all of the businesses he helped others buy or sell and it shows in his calm and ability to make a humorous statement or a give a gem of wisdom at just the right moment.  Bob was available at all times and for all things – sign paperwork, meet at a third party office, give insight, or just answer a quick question.  Our total time working with Bob was probably almost 7 months, and he was great to work with the entire time.  Thanks Bob!

Laurie M., Palm Desert, CA 9/15/16

Hughes Properties Business Broker
2017-06-10T19:02:30+00:00

Laurie M., Palm Desert, CA 9/15/16

We bought two real estate related businesses in the desert in 2015 and Bob’s expertise, knowledge, humor, wit, and level-head were invaluable to us throughout the entire process.   Bob comes with a wealth of business acumen through the various businesses he has built and sold through the years, along with all of the businesses he helped others buy or sell and it shows in his calm and ability to make a humorous statement or a give a gem of wisdom at just the right moment.  Bob was available at all times and for all things – sign paperwork, meet at a third party office, give insight, or just answer a quick question.  Our total time working with Bob was probably almost 7 months, and he was great to work with the entire time.  Thanks Bob!

Jay S., Rancho Mirage, CA 9/26/16

Bob is THE broker in the Palm Springs area to turn to when you are interested in buying or selling a business. Bob is just a nice and pleasant person to work with as well as very experienced in the field. My partner and I bought two businesses from Bob Hughes and we are very happy with what we have accomplished by it. Buying a business can be stressful and confusing but if you let Bob hold your hand and walk you through this maze you will find your way to success!!! Thank you Bob.

Jay S., Rancho Mirage, CA 9/26/16

Hughes Properties Business Broker
5.0
2017-06-10T18:58:21+00:00

Jay S., Rancho Mirage, CA 9/26/16

Bob is THE broker in the Palm Springs area to turn to when you are interested in buying or selling a business. Bob is just a nice and pleasant person to work with as well as very experienced in the field. My partner and I bought two businesses from Bob Hughes and we are very happy with what we have accomplished by it. Buying a business can be stressful and confusing but if you let Bob hold your hand and walk you through this maze you will find your way to success!!! Thank you Bob.

Teresa P., Idyllwild Pine Cove, CA 8/23/16

We hired Bob Hughes as our listing agent for a commercial property we owned in Idyllwild.   It took a long time to sell it, just due to the market at the time.   He was very patient and worked with us until we finally had a qualified buyer.   Bob was always very professional and would respond to my inquiries immediately.   We were very satisfied with his representation.

Teresa P., Idyllwild Pine Cove, CA 8/23/16

Hughes Properties Business Broker
5.0
2017-06-10T19:49:10+00:00

Teresa P., Idyllwild Pine Cove, CA 8/23/16

We hired Bob Hughes as our listing agent for a commercial property we owned in Idyllwild.   It took a long time to sell it, just due to the market at the time.   He was very patient and worked with us until we finally had a qualified buyer.   Bob was always very professional and would respond to my inquiries immediately.   We were very satisfied with his representation.

Melvin

Having worked with Hughes Properties since 2005 and purchased several businesses along the way, I can attest to the fact that Hughes Properties is fast-paced enough to keep up with me and all of my business interests. At 90 years of age, it takes a dynamic broker to manage all my goals. Currently I own; Score Bar (Palm Springs), Dillon’s Roadhouse (Desert Hot Springs), Yokozuna Sushi (Yucca Valley), Morning Star / Oscar’s (Palm Springs), Crazy Mel’s (Palm Springs), Basic Gym (Palm Springs) and Desert Gift Shop (Palm Springs). Many of these ventures also needed liquor licenses and you delivered.

I especially appreciate how Hughes has always been ready and willing to assist with every step along the way; whether it’s acquiring a liquor license, dealing with the city, health dept., fire dept., and the lease process.  The “Action List” you provide takes the mystery out of the buying process.

Melvin

Hughes Properties Business Broker
5.0
2017-06-10T19:52:22+00:00

Melvin

Always Willing To Assist With Every Step Along The Way; Takes The Mystery Out Of Buying A Business

Bob G., Diamond Bar, CA 8/9/16

I have personally purchased and sold 3 businesses through Hughes Properties during the past 11 years, and I can’t say enough about their professionalism, understanding and competency. They take the time to walk you through the sometimes confusing legal forms required to secure a business transaction.

Bob G., Diamond Bar, CA 8/9/16

Hughes Properties Business Broker
5.0
2017-06-10T19:48:18+00:00

Bob G., Diamond Bar, CA 8/9/16

I have personally purchased and sold 3 businesses through Hughes Properties during the past 11 years, and I can’t say enough about their professionalism, understanding and competency. They take the time to walk you through the sometimes confusing legal forms required to secure a business transaction.

Joe G., Palm Springs, CA 8/30/16

My partner and I relocated from New Jersey to Palm Springs in 2015.  We were looking to buy an established business in Palm Springs.  Our agent, Steve McBride, diligently and patiently worked with us every step of the way, through the entire process, until we found the perfect business to fit our budget and our needs. Steve is very knowledgeable about the Palm Springs area market, and was always available to answer any questions. We would recommend Steve McBride and Hughes Properties without any reservations.

Joe G., Palm Springs, CA 8/30/16

Hughes Properties Business Broker
5.0
2017-06-10T19:47:07+00:00

Joe G., Palm Springs, CA 8/30/16

My partner and I relocated from New Jersey to Palm Springs in 2015.  We were looking to buy an established business in Palm Springs.  Our agent, Steve McBride, diligently and patiently worked with us every step of the way, through the entire process, until we found the perfect business to fit our budget and our needs. Steve is very knowledgeable about the Palm Springs area market, and was always available to answer any questions. We would recommend Steve McBride and Hughes Properties without any reservations.

Claire S., San Diego, CA 8/25/16

Great team to work with! We are located in San Diego and were looking to buy a business in the Palm Springs area and Hughes was very knowledgable about the businesses for sale in the area. They are easy to work with, always on time and flexible! We are waiting until next year to buy our business, and we will use them again!Claire S.

Claire S., San Diego, CA 8/25/16

Hughes Properties Business Broker
5.0
2017-06-10T19:46:18+00:00

Claire S., San Diego, CA 8/25/16

Great team to work with! We are located in San Diego and were looking to buy a business in the Palm Springs area and Hughes was very knowledgable about the businesses for sale in the area. They are easy to work with, always on time and flexible! We are waiting until next year to buy our business, and we will use them again!Claire S.
4.0
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