Thinking about owning a business in Palm Springs or the Coachella Valley? You don’t have to build something from the ground up. In fact, buying an existing business can be a much easier and smarter way to get started. When you take over a business...
Just a couple of days ago I was surprised when the local newspaper asked this very question. A quick review of recent sales proved quite interesting. Buyers that have purchased businesses recently have hailed from: Alaska — Country Club Vacation Rentals Rome, Italy– Cactusberry Yogurt New York– Cal-Zone Pizza Montana–...
When purchasing a restaurant, bar, liquor store, mini-market, wine shop, catering business, or any number of other businesses where the selling or serving of alcohol is involved-you will need to deal with the application process of the California Department of Alcohol Beverage Control Board. The...
Keeping It Real Whether You’re Buying Or Selling Printed in: The Public Record, February 2012There are several industry-accepted methods used to arrive at the value of a business. Just rattling these off can make one sound, well let’s just politely say informed. 1. EBITDA– Earnings before depreciation...
Escrow is the process required to complete the sale of a business. An escrow company becomes the neutral party that prepares all the necessary documents, holds the monies and, when all of the stipulations in the parties’ agreement have been met … closes escrow. Close...
How A Business’s Goodwill Establishes Price and A Solid Footing February 2013 Hughes News Whether you’re a business owner about to sell your business or a buyer looking to buy a going business; there seems to be some confusion when it comes to “GOODWILL.” This is a key...
Today, ABC news was talking about how, during this time where nationally the unemployment rate is at 10% +, more than ever people are getting their own business. There was a 27% increase over last year of people looking to be their own boss. Here are...
Venturing Into Running Your Own Business For many, Spring cleaning is a ritual not to be denied; there is a certain satisfaction in dusting off the cob webs, pulling out the garden tools and putting away the dark and heavy décor in favor of the light...
I often get this question when listing a business for sale, and almost all of the time, I recommend an asset sale. What you need to grasp is the concept that when you purchase a corporation, you as the buyer simply step into the shoes...
Image credit: Mays Business School at Texas A&M University | Flickr December 19, 2014 A new year is an opportunity for a fresh start in your business and family life. There are good reasons to consider combining the two in a family business. All of the family...