Just Elementary, Inc. » Entries tagged with "Buyer"
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 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
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
Small Business Exit Strategy Planning
When you are ready to retire and run off into the sunset, your business will have three possible outcomes: Going out of business, transferring to heirs/employees, or being merged/sold to a buyer. Going out of business at best yields liquidation value for the business, which is usually pennies on the dollar. The upside to going out of business, is that you won’t incur any future liabilities in warranties, employer obligations etc. Though it isn’t much of … Read entire article »
Filed under: Selling A Business
What is Dual Agency?
A common refrain from prospective buyers involves confusion on the Dual Agency Relationship between a broker, seller and the prospective buyer. One of the natural questions a buyer has is: ‘Who is the broker going to be representing?’ Legally speaking in California, the matter is simple, if there is only one broker involved, the broker is going to be interpreted as acting as a Dual Agent. This puts the onus on the broker to get … Read entire article »
Filed under: Business Tips, Negotiation
Pros and Cons of Using an Inventory Service During Escrow
Should you use an Inventory Service when you are buying a business? We’ll give you a breakdown of when it will be handy and when you might no get enough benefit for the cost. Reasons Not to Use an Inventory Service: #1. When the amount and quantity of the inventory is small enough that the buyer and seller can count it all in a relatively small amount of time. #2. When you need to get to know the … Read entire article »
Filed under: Business Tips
Tale of a Closed Round Table Pizza
Franchises aren’t all fun and games and wild beyond imagination riches. The road to financial freedom and family happiness is littered with former franchisees who have lost everything, or at the very least lost something, like the following tale of the owner of a North Orange County Round Table Pizza. This particular Round Table unit was open many years and was a popular fixture in the community. The longtime owner had decided to sell after many … Read entire article »
Filed under: Business Tips, Franchises
Discounting Inventory & Deferring Payments During Escrow
In the middle of a transaction of selling your business, the topic comes up of counting the Inventory. You say, of course, to ‘do it’ so an accurate sales price can be determined for the business plus the inventory at your cost. You also let the buyer know that the inventory amount is ($500,000 for example), and it is all in good saleable condition. The buyer asks you how often you turn the inventory and … Read entire article »
Filed under: Business Valuation, Due Diligence, Negotiation
Buying a Business, Do I really need an Escrow?
A common misconception is that escrows are only for buying a house or commercial property. Often times a novice business buyer will buy a business and simply hand a check to a seller. Yikes! Using a bulk sale escrow is an important legal step in buying a business in California. What is a bulk sale escrow? Glad you asked! … Read entire article »
Filed under: Business Tips, Due Diligence
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