One of the most common frustrations in selling a business is attracting qualified buyers – those who are ready to make a purchase and are familiar with the business buying process – as opposed to unqualified buyers. Those “lookie loos” and “tire kickers” will do nothing more than waste your time. This can be especially difficult when confidentiality is important and you must market your business without alerting employees, vendors, suppliers or competitors. In order to overcome this, you must create a business for sale ad that is well-written and includes pertinent information that will both filter out unqualified buyers and stand out to those who are serious about buying a business.
Here are 5 reasons why your business-for-sale ad may be getting overlooked by qualified buyers:
National Business Brokers Rank BizBuySell.com As Most Popular Business-For-Sale Website For Eighth Consecutive Survey
Business Brokerage Press study shows business brokers mostly likely to list on and receive more responses from BizBuysell.com over other online listing sites.
San Francisco, CA – BizBuySell.com, the Internet’s largest business-for-sale marketplace, announced today its ranking as the clear industry leader in terms of usage, buyer responses generated and overall satisfaction according to the Business Brokerage Press’s 2014 Industry Survey of hundreds of business brokers across the nation. Business Brokerage Press provides products, services and resources aimed to support and equip the business brokerage industry.
BizBuySell continues to be most commonly used business-for-sale marketplace with 82 percent of surveyed business brokers saying they use BizBuySell to market their business for sale listings. This is the eighth straight Business Brokerage Press survey that BizBuySell.com has taken the top spot. BizQuest.com was second with 67 percent of brokers using the site to market businesses for sale. All other national listing exchanges were used by less than 50 percent of business brokers.
Surveyed brokers again credited BizBuySell.com for generating the highest percentage of buyer responses, reporting that 39 percent of total buyer responses received are from BizBuySell. BizQuest.com was second with 13% of buyer responses. Together, BizBuySell and BizQuest were reported to account for more buyer responses than all other listings sites combined.
“We are thrilled to top the list once again as our team prides itself on ensuring brokers receive the best service possible, while at the same time making it easy for entrepreneurs to find the perfect business.” Bob House, Group GM of BizBuySell.com and BizQuest.com said. “We hold the business broker community in high regard and will continue working with them to make sure BizBuySell.com remains the most effective tool in matching small business buyers and sellers.”
When asked to rate each business listing site based on ease of use and overall service provided, 77 percent of users ranked BizBuySell.com as either “good” or “excellent.” More than half of respondents answered the same regarding BizQuest.com.
BizBuySell is the Internet’s largest business for sale marketplace. Since 1996, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell currently has an inventory of approximately 45,000 businesses – spanning 80 countries – for sale at any one time and receives more than 1 million monthly visits. The site also features an extensive franchise directory as well as an easy-to-use business valuation tool. Please visit www.bizbuysell.com for more information.
BizBuySell was founded in 1996 and in 2012 became a division of CoStar Group, Inc. – commercial real estate’s leading provider of information and analytic services. CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information and offers a suite of online services enabling clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. For more information, visit www.costar.com.
BizBuySell receives over 1.4 million visits each month from active business buyers and sellers – an ideal opportunity for brokers to market themselves and gain new clients. Not only does your BrokerWorks profile allows you to promote yourself to prospective clients, it distinguishes you from other brokers. What someone does or doesn’t see in your profile can make all the difference in their decision to select you to represent them versus your competition.
Here are 5 must-do’s for a winning BrokerWorks profile that’s both powerful and informative:
You’ve worked hard for many years building a successful and profitable business. Now, as you prepare to sell your business, the big question is: How much is it really worth? According to The BizBuySell Guide to Selling Your Small Business, what your business is most likely to sell for is based on a buyer’s assessment of financial statements, industry comparable sale figures, asset values, return on investment, and the goodwill worth of your business as a going concern.
Following these 6 key steps will get you on your way to setting an asking price for your business:
Step 1: Get Your Financial Statements In Order. Consult with your accountant or bookkeeper and put together the following key financial statements:
- Income Statement – This should show your gross revenue, costs, and how much your business made or lost each year.
- Cash Flow Statement – This should show how much money was received and paid out of your business and how business assets changed as a result.
- Balance Sheet – This should show the value of all tangible assets owned by your business less the liabilities your business owes.
- Seller’s Discretionary Earnings Statement – This should show how much your business makes after backing out non-recurring and discretionary expenses.
Oradell, NJ, July 8, 2014 Huntington Learning Center, the revenue leader among franchised tutoring and test prep companies, announces an attractive in-house financing plan. Under the plan, Huntington will loan existing and new franchisees up to $100,000 to open a new Huntington Learning Center. Huntington hopes to make it easier for individuals looking to enter this community-based business.
Huntington will lend up to $100,000 at 5% annual interest with a 60-month term. Making this offer even more attractive is that no payment will be due for the first six months, with interest-only payments for the next six months. Borrowers must meet Huntington’s credit and other standards. For the complete term sheet, please contact Huntington.
In addition to the attractive in-house financing plan, Huntington recently rolled out a new, flexible business model that enables individuals to open their Huntington center for as little as $100,000, on a part-time basis in a wide variety of locations. Huntington offers comprehensive training, support and technology unmatched among its competitors and its centers are nationally accredited. New Huntington franchisees will join the most experienced and tenured team, who support them every step of the way.
Huntington’s programs combine technology with traditional educational methods developed and proven over more than three decades. Huntington programs work, in helping hundreds of thousands of students move from remedial to enrichment status and helping students get into the college of their choice. Franchisees receive tremendous support throughout the process, from pre-opening support, initial and on-going in-person and online training, field operational support, a national call center, conference coaching, local and national marketing support, and proprietary management and reporting technology systems and electronic reference tools.
Huntington in-house financing plan is one reason why Huntington is the right choice for individuals who are looking to open a community-based business. Huntington helps franchisees make money by doing good. Help continue the Huntington mission to give every student the best education possible by calling 800-653-8400 or visiting www.huntingtonfranchise.com.
Huntington is the pioneer tutoring and test prep provider, with over 260 centers nationwide. Huntington helps students from kindergarten through grade 12 with reading, phonics, writing, study skills, elementary and middle school math, algebra through calculus, and chemistry and other sciences. Huntington preps for the SAT and ACT, as well as state and standardized exams. Dr. Ray and Eileen Huntington continue to lead the family-focused company they founded in 1977. For more information, call 800-653-8400 or visit www.huntingtonfranchise.com.
Hawaii-based Teddy’s Bigger Burgers said this week that it has signed a lease on its first California restaurant .
The 2,100-square-foot space is located in the Orange County city of Fullerton.
The company said Wednesday that it plans to open more California restaurants.
In May, Teddy’s Bigger Burgers disclosed its plans to expand into the Philippines, opening nine restaurants over 40 months. The first two restaurants there are slated to open in August and September, the company said this week.
Right now, the restaurant has 11 eateries in Hawaii, plus locations in Washington, Idaho and Japan, and another location slated to open in Texas.
This article appears in Pacific Business News
(Louisville, KY) David Robinson, a certified registered nurse anesthetist (CRNA), wanted to open a business he could leave to his children one day. That’s just what he discovered when eating at Dickey’s Barbecue Pit while visiting Nashville. On Thursday, June 12 at 11 a.m., Robinson will open his first Dickey’s Barbecue Pit in Louisville. To celebrate, the grand opening, they are hosting a three-day celebration. The first 50 guests will receive a gift card for up to $50.
“Louisville has a lot of restaurant options, but was missing the slow smoked Texas barbecue that Dickey’s Barbecue Pit offers,” said first time franchise owner David Robinson. “Dickey’s offers a top notch product and I know it’s going be well received in the Louisville area.”
Friday, radio station New Country 103.1 will be on-site from 11 a.m. to 1 p.m. and this location will be serving $2 pulled pork barbecue sandwiches. Saturday, the new Dickey’s Barbecue Pit will offer all day merchandise giveaways. Also, one lucky winner will be chosen for a $500 gift card and three winners will receive free barbecue for an entire year.
Robinson, his wife and their two young children reside in Louisville. Dickey’s Barbecue Pit in Louisville is located at 285 North Hubbards Lane and the store phone number is 502.650.9065. Check out all the details on this new location on Facebook.
Imagine an investment opportunity arises but you don’t have enough liquid funds to act on it. Instead of letting it go by, your IRA can be an oasis of funds that enables you to invest. In fact, nearly every investment with which you can make money outside your IRA, you can make money with inside it—everything but collectibles and life insurance.
All you need is a self-directed IRA (SDIRA) provider like New Direction IRA (NDIRA) to provide bookkeeping and administration for the account. Then, your IRA can invest in private equity, issue loans, buy real estate, metals and more. The challenge up to this point—as you may have noticed—is finding an IRA provider that will service alternative assets. Companies like NDIRA are specialists with these asset types and have made these investments easy.
(Dallas, TX) To kick off the new year, Dickey’s Barbecue launched a social media campaign that asked fans to Tweet their favorite meat. The social campaign, #SpicyorSweet, garnered over 5,000 votes via Twitter and put fans in the running to win free barbecue for an entire year. Today, the nation’s largest barbecue chain announced the winner of the campaign and results of the vote.
“Our guests really responded to the Sweet or Spicy campaign,” said Roland Dickey, Jr. president and CEO of Dickey’s Barbecue Restaurants, Inc. ”62% of our guests voted for the Sweet Pulled Pork Cornbread Sandwich while 38% appreciate the Spicy Chicken Cornbread Sandwich – both sandwiches were big winners for our brand.”