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Benchmarks
In today’s economy, arriving at a reasonable price is more important than ever. One way to arrive at a fair price for both buyer and seller is to adjust the price using benchmarks. Following is some information on using benchmarks from the 2009 Business Reference Guide along with a business entry from the Guide as [...]
1/26/2009 10:45:54 PM
Business Brokerage Press
Economic Impact on Business Brokerage
A recent survey (September 2008) conducted by businessesforsale.com – a leading international listing site – revealed the following about the current economic situation and its impact on business brokerage. Seller financing is not the only issue to have come out of the economic slowdown. Brokers reported the following common issues: Sales are harder to complete when there [...]
12/9/2008 7:20:08 PM
Business Brokerage Press
Valuation in the Volatile World
Following is a brief article from a very successful business broker’s newsletter. His name and company are at the end of it. We are doing it this way to emphasize the title of the article: Valuation in the Volatile World. Business buyers are buying the future income stream or profits of a business. Historic results are no [...]
12/9/2008 7:14:57 PM
Business Brokerage Press
Financing the Transaction
With the current economic downturn, we should see buyers who have lost their jobs, for whatever reason, searching for a way to support themselves and their families. Many will hope to find new jobs; others will decide to look at going into business for themselves. From this second group, some will start from scratch, others [...]
10/29/2008 2:18:33 AM
Business Brokerage Press
Restaurants: QUICK CHECK
The following list was updated for the 2009 Business Reference Guide and the Business Reference Guide Online, which is continually updated. Remember, that Rules of Thumb are just that, but will provide a quick “ballpark” idea of what these various food and drink businesses might sell for. Bagels 30% to 35% of annual sales
9/24/2008 2:25:54 PM
Business Brokerage Press
An Important Legal Issue for Business Brokers
This article is about an actual court case, Business Consulting Services d/b/a Hawkeye Business Brokers, v. Leroy Wicks, 703 N.W.2d 427 (Iowa 2005), and the resulting decision between a business broker (and her firm) and a seller who refused to pay a commission. The seller’s main defense was whether a clause in the firm’s listing [...]
8/28/2008 3:58:49 AM
Business Brokerage Press
Mrs. Fields to file bankruptcy
Reuters Published: Friday, August 15, 2008 NEW YORK - Cookie retailer Mrs. Fields Famous Brands is running out of dough and plans to file for Chapter 11 bankruptcy protection. The company, which licenses and franchises some 1,200 Mrs. Fields Cookies and TCBY frozen yogurt locations worldwide, plans to continue in business as it seeks to re-organize, according [...]
8/15/2008 4:51:34 PM
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