For Vicky Ismail, small business ownership has always been a way of life. Growing up, her parents owned a series of restaurants and bakeries, laying the groundwork for entrepreneurship later in life. Her husband, Abdul, also has a business background and after they were married, they wasted no time planning and creating small businesses of their own.
Their first endeavor included part-ownership of a successful mall food court business. Soon after, they sold their portion of the business to open a pizzeria in Florida. Then, after 13 great years, they sold the pizzeria to their employees and moved to North Carolina, where The Cary Café was founded in 1995.
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 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.
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.