Just Elementary, Inc. » Archive
Maintaining Negotiation Leverage – Primary Business Lesson from Shark Tank
Back for a new season of wheeling and dealing, we’ll review the business models, proposed transaction, negotiations and other business lessons on display on ABC’s Shark Tank just as we did for the previous season’s episodes. The first business that was presented on the episode is a product that you can find on Amazon: Clean Bottle (twitter @CleanBottle), founded by Dave Mayer. The product is a sports bottle that has opening on both the top and bottom, which … Read entire article »
Filed under: Business Valuation, Negotiation
Why Your Landlord Denies your Request for a Rent Reduction and Other Lease Modifications
In the course of helping our clients with renegotiating the terms of their lease and modifying their rent, we come across some situations where landlords have denied their current tenant’s request for rent reductions. In some of those cases there are things that can be done to change the landlord’s mind. The #1 reason a landlord denies a rent reduction request is that they feel that the tenant has not taken all possible steps to streamline … Read entire article »
Filed under: Commercial Leasing, Landlord, Negotiation, Renegotiation
Corporate Contractor License Advantages: Liability Protection, Transferability and Resale
California Contractors often ask us if there is any benefit to converting their business from being operated with a personal individual contractor license and a corporate contractor license. There is obviously costs associated with creating and maintaining a corporation and making the application to do the transfer. For a lot of contractors, these costs may be worth it for the following benefits Liability: Operating under a corporate contractor license adds an additional layer of liability protection from yourself. Transferability: Transferability … Read entire article »
Filed under: Business Tips
Straw Hat Pizza Location For Sale in City of Orange California
Attention Bargain Hunters! Hot off the presses, or more like, fresh from the oven, is an Asset Sale opportunity for a Straw Hat Pizza unit in the City of Orange in Southern California. The unit is in possession of Straw Hat Restaurants, Inc. the Corporate entity of the Franchisor. The unit just closed down for business, and is being offered at $10,000 plus Franchise Agreement Fee of $35,000. This is a Fully built out restaurant space that is ready … Read entire article »
Filed under: Business Opportunity For Sale, Franchises
Examination Waiver for California Contractor’s Licenses
Since 2003, getting Examination Waivers for a California Contractor License is no longer automatic from the CSLB (Contractor’s State Licensing Board). So how do you know if you are eligible for receiving a waiver for taking a California Contractor’s license exam? One situation is where there is an unfortunate death of a licensed contractor of a family run business. If you are the surviving spouse or child of a business that is in need of a licensing, … Read entire article »
Filed under: Business Tips
Lease Expiring Soon, Want to Renegotiate Terms to get a Better Deal on the Renewal or Extension of Lease
Is the premises lease for your business expiring soon? If so, you may be in the CatBird seat. Consider yourself fortunate that you are in position to renew or extend your lease terms in a ‘down’ leasing market. This means you may be able to accomplish one or more of the following things: Reduce your base lease rate Reduce your NNN/CAM charges Reduce or eliminate the Personal Guaranty liability Reduce or modify your security deposit Adjust premises maintenance responsibilities Improve Signage … Read entire article »
Filed under: Commercial Leasing, Negotiation, Renegotiation
Impact of Credit Issues For Business Owners Regarding Financing For Businesses
A great thank you to Fred Chen of CreditRepairTheSmartWay.com to sit down with us at Just Elementary, Inc. to discuss Credit issues for small business owners. Fred is kind enough to answer questions that are relevant to business owners about what they are up against when it comes to getting various financing options from banks. Just Elementary: Late payments are a death knell because they indicate a lack of responsibility on the borrower’s part to fulfill the … Read entire article »
Filed under: Business Tips, SBA
Huntington Beach Full Service Salon For Sale: Hair, Manicure/Pedicure & Facials
Beauty salon for sale in Surf City USA Huntington Beach. The Salon owners are serious about selling their salon, and are only asking $39,000 Make Your offer to own your own salon and take a step up as a Stylist who is a Business Owner. The salon features: Eight (8) stations for hair stylists Three (3) Dryer Chairs Two (2) manicure stations One (1) Pedicure Spa chair One (1) furnished private room for an esthetician and massage service. Room has a hydraulic table Washer … Read entire article »
Filed under: Business Opportunity For Sale
C-29 Concrete & Masonry and Type B General Builders Contractor Licenses for Sale with a Business
C-29 Concrete/Masonry & Type B General Builder’s Contractor Licenses and Business for Sale Absentee Run: The owner has been disabled since 2009. Since then he has solely been involved in a peripheral supervisorial role. 2011 Gross Sales From January 1 to October 4, 2011 are $170,558, which annualizes to just about $227,000 for the year. The SDE from January 1 through October 4, 2011 is approximately $58,000, which annualizes to approximately $77,000. This is with the owner … Read entire article »
Filed under: Business Opportunity For Sale
Negotiating the Personal Guaranty Clause for Retail Commercial Leases
What to do about a Personal Guaranty in a Retail Commercial Lease If you are attempting to lease a retail commercial space, one of the the numerous things to negotiate is the tricky subject of the personal guaranty. It is tricky because property owners have justification for asking for a Personal Guaranty. Naturally, a lessee (tenant) would prefer not offer a Personal Guaranty. In this post, we’ll discuss some of the things that can be negotiated … Read entire article »
Filed under: Commercial Leasing, Negotiation
What a Small Business can do to Prevent Employee Problems (Hiring, Wages, Overtime, and Workplace Policies)
A key ingredient of success for a small business owner are the quality and productivity of the employees. Also, it is important to make sure that employees do not become a drain on the resources of a business, in terms of lost productivity and distraction for the executive staff. Of course, as a business owner, you are where the buck stops with properly hiring, training and motivating (managing) your employees. In this article, we will … Read entire article »
Filed under: Business Tips
Puente Hills Mall Location For SubLease City of Industry in the San Gabriel Valley
Puente Hills Mall Retail Location For SubLease in the San Gabriel Valley city of City of Industry Just Added, fresh off the press is a sublease of a retail space offered in the Puente Hills Mall. This Retail Space for Sublease is ideal for people who want to test out a concept without being stuck to a long term lease. Sublease is for the next 12 months. Get in now to take advantage of the Holiday … Read entire article »
Filed under: Commercial Leasing
Books & Records and Your Lease Two Factors That Impact the Attractiveness of Your Business to Potential Buyers
Two Tips to Sell Your Business Easier for a a Higher Price In most cases, there will come a time when the timing will be right to sell the business. To maximize the value of your business, you will want attract as many qualified buyers as possible. What are the things you can do to make your business as attractive as possible to maximize your buyer pool? Here are two topics that we’ll address in this post: #1. … Read entire article »
Filed under: Business Tips, Commercial Leasing, Selling A Business
Negotiating Lease Permitted Use Clauses
In a retail commercial lease, an often overlooked part of negotiating the retail lease terms is the Permitted Use clause. What are some elements of a Permitted Use Clause? Exclusive Permitted Use Keeping competitive businesses out of the retail center that you are in is important, so you want to have specific and hopefully, exclusive use rights for the shopping center. What this means is you want to negotiate as specific of an exclusive use clause as you can … Read entire article »
Filed under: Commercial Leasing
Negotiating Lease Assignment Clauses for the Sale of a Business
An often overlooked and under-negotiated clause in any commercial lease is the lease assignment clause. No matter how long your lease is, and how long you plan to maintain ownership of the business, you need to negotiate a good lease assignment clause for proper exit strategy planning. What are some common things to consider in a lease assignment clause? Lease Assignment Fee Landlords will usually write into leases a fee for their time and consideration of your request … Read entire article »
Filed under: Commercial Leasing, Landlord, Negotiation, Selling A Business
Basics of Applying for Lines of Credit, Working Capital & Business Acquisition Loans
Trying to get a Working Capital Loan, Line of Credit of Business Acquisition Loan? There are a lot of erroneous perceptions among business people about which facts, figures and terms are important in getting a loan and which bank to get loans from. If you are just starting out in business, one possible benefit from banking with a smaller community bank that is that you will be a bigger fish in a smaller pond, and you will … Read entire article »
Filed under: Business Tips, SBA
Tips for Business Buyers & The Role of the Business Broker
The following video will highlight some introductory tips and suggestions for buyers who are looking to buy a business. The process of finding a good business to buy can be a hard and frustrating one. Our simple tip to minimize frustration and maximize results is to narrow and focus your search to businesses that you are qualified to run based on your skill set and background. This also has the benefit that you have a higher … Read entire article »
Filed under: Business Valuation, Due Diligence
Exit Strategy Planning Review: Data Security & IT Issues in Small Businesses
Continuing in our series on Exit Strategy Planning, we bring you an interview with Dan Le of Red Cup I.T. Red Cup I.T. is based out of Santa Ana, CA and provides computer related technology services for small business owners. Securing and managing the data of your business is very important. There are many issues at play, starting with the security of your confidential financial data, confidential client data, intellectual property, and network uptime. If your business … Read entire article »
Filed under: Business Tips, Selling A Business
Exit Strategy Planning – Training the Buyer of Your Business
Exit Strategy Planning for Selling Your Business – Training the Buyer of Your Business Another one of the important points to consider when preparing your business for sale and when negotiating the contract to sell the business to the buyer is the seller training you will be providing. Like everything else in business, there are no hard and fast rules, but there are important factors to consider when proposing seller training terms. Which items to offer training for … Read entire article »
Filed under: Selling A Business
Seller Financing Why & Why Not to offer it in Selling your Business
Given the serious tightening of lending criteria, we’re back to the good ‘ol days of using seller financing to sell businesses again. So, what are the things you should consider in deciding whether or not to offer seller financing? (A) Why you shouldn’t offer seller financing: You need all of the money upfront You have to payoff business debts You are concerned you won’t get paid back (B) Reasons you should offer seller financing: Make buyers feel the business offering is credible … Read entire article »
Filed under: Business Tips, Selling A Business
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