Just Elementary, Inc. » Archive
Selling a Business, Is the Inventory a Deal Killer
When selling a business that involves a significant amount of inventory, there are steps that can be taken to make the business easier to sell. What are some of the common issues that inventory creates that can be impediments to successfully closing a sale to a buyer? Too much inventory Too much inventory can cause the asset value of the business to exceed the market value of the … Read entire article »
Filed under: Business Tips
Non Compete Covenants in the Sale of a Business
During the course of negotiating a purchase and sale contract for a business, Non-Compete Covenants need to be addressed. Just for reference, Non-Compete Covenants are also referred to as Covenants Not To Compete. Let’s get down to it. What is a Non-Compete Covenant? In the case of the sale of a business, it is contractual covenant that dictates that the selling party will not compete against the buying party by opening or partnering in a competitive business. … Read entire article »
Filed under: Due Diligence, Selling A Business
Marketing Business Listings for Business Brokers
What are some tips to marketing businesses for sale online? A lot these tips also apply to online marketing in general. When it comes to marketing a business listing online there are many sources, such as www.Bizben.com, www.bizquest.com, www.bizbuysell.com, www.craigslist.org, etc. The challenge is that a lot of businesses are listed on these websites, so how do you ensure that your listing(s) stand out? Keywords, Keywords, and more Keywords. Use pictures in your ads. Post … Read entire article »
Filed under: Business Tips, Online Marketing
Don’t be fooled by Groupon, Living Social and the Like, Discounting is Not Your Friend
If you are in a retail storefront business living on small margins, don’t be fooled by Social Discounting services like Groupon, Living Social, etc. Giving away your product for free is bad advertising and even worse for your business. Why is it bad advertising? Well, you are showing that you are not interested in receiving full price for your product, which is a turn off for your established regular customers. Discounting attracts shoppers who shop on … Read entire article »
Filed under: Business Tips
Tips to make your business easier to sell or transfer to heirs or employees
If you are going to one day sell or transfer your business to heirs or employees via an E.S.O.P., then you need to consider factors that will make the business easier to transition to a qualified buyer or even your heirs. Here are 10 tips to consider. #1. Have a good lease that is reasonably assignable. If your lease is a problem, then renegotiate it. Difficult leases are a non-starter for good buyers, they don’t want an … Read entire article »
Filed under: Business Tips, Selling A Business
How to Sell a Business to an E-2 (E2) Visa Buyer
If you are the seller of a business in the United State and you are considering selling to a buyer of an E-2 (E2) visa, here are some facts that you should be aware of: What is an E Series Visa For? The E Series visas are designed for foreign nationals who wish to immigrate to the United States to conduct business. The Two Types of E Series Visas: The first is the E-1 Treaty Trader … Read entire article »
Filed under: Business Tips
Downtown Los Angeles Jewelry District Wholesale/Retail Booth For Sale
For Sale, a Booth in Jewelry Plaza in the Los Angeles Jewelry District. The business does mainly wholesale business to retailers, such as Gift Shops. The business has been in operation by the current owner for over 25 years at the same location. Rent currently is $1,400. Buyer to negotiate a new lease. The booth is open on Saturdays to take advantage of retail customer traffic. The building has three plazas of booths, and the … Read entire article »
Filed under: Business Opportunity For Sale
Roni Deutch Tax Centers Troubles Show Importance to Choose a Good Franchisor
Choosing the right franchisor to franchise with is important, as illustrated by the debacle of Roni Deutch Tax Centers. Roni Deutch recently closed her law office and surrendered her law license as you can read about in the California Bar Journal. What does this mean for the franchisees that have signed up and are operating their businesses? It means a great deal of uncertainty about the future of their business. There are a few common outcomes, which include … Read entire article »
Filed under: Franchises
Free Standing Burger Restaurant for Sale in Downey California
Courtesy of our friends at Jones Real Estate, we are presenting you a Burger Restaurant for Sale in Downey, California. Priced at $150,000 and a 50% Seller Carry Note Financing May be Considered by Seller Seller Stated Annual Gross Sales of $385,000 Seller Stated Annual Net Income of $72,200 Gross Lease of $2,500 monthly 1,224 square feet interior Free Standing Building with Parking For More Information Please call our Client Care Manager Sonia Chhabra at (888) 926-9193 or email cs@justelementary.com … Read entire article »
Filed under: Business Opportunity For Sale
Business Lessons from Shark Tank Season Finale
First up in the season finale of Shark Tank is the prominently featured Rebecca Rescate of CitiKitty. Rebecca Rescate’s CitiKitty is a product that is an alternative to the traditional cat litter solution. This product helps trains cats to use actual Human toilets. As funny as it looks watching a cat on a toilet, it does solve a problem, especially for urban dwellers whose cats can not easily go outdoors and use a yard for their bathroom needs. Rebecca … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Malaysian Restaurant For Sale
* Fully set up Malaysian Restaurant for sale in El Monte, California. Los Angeles County. * Located in the building that also houses the state of the art Los Angeles Badminton Club. * This business has built in customer base due to the incredibly popular Los Angeles Badminton club, which has a thriving membership count. * Restaurant Unit has Major visibility from Valley Blvd. * Business has just been open for a few days, the operating partners are all … Read entire article »
Filed under: Business Opportunity For Sale
Negotiation and Valuation Lessons from ABC’s Shark Tank
Episode 207 of ABC’s Shark Tank elicited many responses, and as usual contained a great many business lessons on display, in particular regarding Valuation and Negotiation. First up in the Shark Tank were Jason Lucash & Michael Szymczak of OrigAudio. They asked for $150,000 for 15% equity. Their company sells portable audio speaker solutions. On the show they claimed to have a track record of sales. In their one year of sales they have grossed $750,000, upon … Read entire article »
Filed under: Business Tips, Business Valuation, Negotiation
Q&A With Deidrea Haysel of Hot Mama Gowns
Deidrea Haysel of Hot Mama Gowns was kind enough to answer a few questions regarding her experience on ABC’s Shark Tank. For some background on the episode that Haysel was featured in, we wrote about the business lessons on display in that episode in this post. Just Elementary: Was there any bump in notoriety and publicity for Hot Mama Gowns after the taping of the show, but Before the Show Aired? Deidrea Haysel: No, not necessarily, and if there was it … Read entire article »
Filed under: Business Tips
B2B Catering Kitchen For Sale
What: Catering Business for sale that specializes in B2B customers such as public schools, Fortune 500 companies and to Craft Service Managers of Television Show productions. The leased space has an interior dining room that can be re-opened for Dine-In customers. Where: This business is located in Lawndale, California. It is very close to an on-ramp and of the 405 freeway, and not far from the 105 freeway. There are many large corporate businesses and offices located very … Read entire article »
Filed under: Business Opportunity For Sale
Q&A With Les Cookson of CarSik Bib
Les Cookson of CarSik Bib was kind enough to answer questions via email about his product lines and his experience on ABC’s Shark Tank. Just Elementary: How has the interest in the product jumped since the show featuring you aired? Les Cookson: Well, the CarSik Bib has basically jump from being completely unknown to having at least some degree of name recognition. This has opened a lot of doors and I’m weighing all … Read entire article »
Filed under: Business Tips
Know thy Valuation, more lessons from Shark Tank
Brothers Stuart and David Pikoff were featured in the final segment of the show. Their company is Games2U. As of the time of taping the segment, Games2U was successfully franchised in 28 states. Though it still suffered from business valuation issues due to profitability and sustainability. The Pikoff brothers asked for $500,000 in exchange for a 10% equity in Games2U. This means they were valuing Games2U at $5,000,000. Yes, Five Million Dollars. What justified that … Read entire article »
Filed under: Business Tips
California Contractor’s License Transfer & Sales
Do you need to get a California Contractor’s license transferred to you? If so, then you have a few choices of how to get a contractor’s license into your possession. They all ultimately involve dealing with the Contractor’s State Licensing Board. And well, as you well know, dealing with state licensing boards can be a real hassle and headache. While the Contractor’s State Licensing Board is good at their job, working with them can be a slow, … Read entire article »
Filed under: Business Tips
Shark Tank Week 5 Business Lessons
The week Five Episode of Shark Tank featured more small business lessons. First up was Hot Mama Gowns, which is a line of stylish maternity gowns that can be used Pre and Post Partum, or in plain English, before, during and after childbirth. Hospital Gowns are quite frankly unappealing and this product does fill a good need. Looking presentable, as opposed to be looking ridiculous, is an important part of feeling good, and feeling good is important … Read entire article »
Filed under: Business Tips
Lack of Quality Business Plans on Shark Tank Week Four
The week four episode of ABC’s Shark Tank featured Four key examples of how writing a business plan is incredibly important to showing a business owner a path to success. Do not create a startup business without a business plan, it will lead a higher frequency of mistakes which cost time and money and could ultimately lead to a premature end of a business or product. There are four painful examples of improper business planning yielding … Read entire article »
Filed under: Business Tips
Retail, Branding, Goal Setting on Display Shark Tank Week 3
After having some negotiation blunders and tactics take the headlines from previous episodes of ABC’s Shark Tank, week three’s episode featured lessons on branding, food, and the overall retail industry. Never fear though, negotiation lessons are always on display on the Shark Tank. The first pitch came from Darryl and Randy Lenz who were there to pitch there Ride On Carry On product. Their product is essentially a strap on child seat, which straps onto luggage. … Read entire article »
Filed under: Business Tips
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