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SELLERS

Utilizing a broad spectrum of industry contacts Hughes Properties can be counted on to make discreet inquiries into the types of businesses or commercial ventures that you are interested in. Many of our listings are from successful business owners ready to fully retire and enjoy everything this area has to offer. Businesses can be professionally valuated to assist you in your decision, giving you a better understanding of your business’ value in the marketplace. Whether you are buying or you’re contemplating selling a business or commercial property, you should speak with the Hughes Properties team to fully research your options

The Top 10 Tips to Expedite The Sale of Your Business

When you’re ready to sell your business, you’ll want to first slip on the hat of a prospective buyer. Doing this will help you prepare to make the best impression possible, be ready to present your business’ best features and have the appropriate answers ready for the potential tough questions heading your way. There are several factors that can determine how fast you can sell your business including;

  1. PROFITABILITY If you have a going business with a strong bottom line-the line to your door will quickly grow.
  2. PRICE Always the most important factor that will attract or drive away potential buyers. Again, profit plays a role in how much you can sell the business for. Find someone with the National

Association of Certified Valuation Analysts. Call (801) 486-0600 to request a listing of local certified agents.

  1. LOCATION As the saying goes, the top three important factors for a business is LOCATION, LOCATION, LOCATION.
  1. POTENTIAL What cycle is your business in? Can a new owner, investing new energy and capital, generate higher growth?
  2. PRESENTATION Just like a home you pull up to, your business must project that sometimes illusive “curb appeal”. Your business should show well: bright lighting, well stocked shelves featuring new product, a clean and organized environment, with professional signage and an attentive, well-groomed staff all insures a terrific first impression.
  3. COMMUNITY The potential buyer needs to feel comfortable in the new surroundings. The better the neighborhood in which your business is located, the more appeal it will have to a new owner. Things like low crime, nice weather, nice schools, easy freeway or highway access– will all show up under the “Plusses” column.
  4. LEASE OR REAL ESTATE The terms of your lease, remaining years, and the transferability, are important selling points. Additionally, if you own the land on which the business operates, making the land itself part of the sale can also add another dimension of value to a prospective buyer.
  5. LABOR POOL One important factor that a seller will not often think about, but a savvy prospective buyer will inquire about, is the ready availability of labor at reasonable wages. Being situated in an area with the right demographics that make up your operation’s staff is key: age, skill, and wage rate.
  6. HOURS OF OPERATION The hours your store or business remains open, translates into a labor and overhead expense requirement for staying in business. This is an area that prospective buyers will scrutinize.
  7. A Commercial Broker If you find that tips #1 – 9 don’t help, there’s always the nearest friendly and experienced real estate professional. Let the Hughes team step up the sales process by setting into motion their wide-reaching advertising and marketing efforts. Often, businesses are sold without a sign ever going up. The professionals at Hughes Properties can best accomplish this by utilizing their network of potential investors to find you the perfect buyer.

Got questions about buying or selling a business?

Call or Email us anytime.


Testimonials

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

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.

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.

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

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

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!

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

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.

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.

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

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.

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
4.0
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