Your Company is capable of making money. Very few business owners think they are making all the income their business is capable of making. In fact this is overwhelmingly the number one complaint that business advisors hear. Occasionally a CPA will hear a complaint from their client that he is making so much money the […]
Everyone wants to buy a good profitable business making over $100,000 per year. The problem is there are only a limited amount of these businesses on the market. The reason for this is everyone wants the same thing. The results is the pricing is too high and the availability is too low.
Upfront Appraisal or Valuation Fees by Business Brokers I live in California, where upfront fees are illegal. The way brokers can get around this in California is to charge for an appraisal and be paid for it. After the appraisal is completed, the broker can ask for and receive a listing. If the listing is […]
How to handle brokers wanting offers before due diligence We have all heard of “The battle of the sexes”. What is not as well-known but as difficult a battle “is the one between “brokers and business buyers” regarding getting a business’s financial information. This article will discuss: 1. How to get listing brokers to release […]
It is important to protect yourself from forfeiting your deposit when you sign a purchase contract. This would seem to be a very obvious statement. Except, what is not obvious is that so few people know how to do that. The result of inexperience is that too many people lose their purchase deposit. The deposit checks […]
The seller told the buyer “The books do not show all the money, but I guarantee you that this business will clear $10,000 a month after taxes.” How often have you heard these words? Wouldn’t it be great if you could actually get a guarantee from a seller when buying a business? You can. But you […]
Should you allow a Dual Agent or Get your own buyer’s Agent? A Changing, More Aggressive Business Buying Market Yesterday, I was reviewing a buyer’s signed escrow instructions. He came to me after signing the escrow instructions and purchase contract, as his agent had said he should. His agent said he needed to hire someone […]
I am often asked how can we determine the true worth of a business. The first step to this process requires determining the actual profit of a business in the current market conditions. The second step is to create a value for the current income stream assuming it continues into the future or you may […]
Hard to believe, but restaurants, fast food and other types of food manufacturing or food distribution businesses compose fifty percent of all small businesses sold. Fifty percent! This means a lot of you buyers are buying restaurants.
California Licensed Real Estate Broker #00529559
Certified Public Accountant (CPA) # 106752
Certified Fraud Examiner (CFE) #594927
Professional Certified Business Broker (CBB) designation
Kismet Business Brokers
PO Box 2734, Seal Beach, CA 90740-2734
Phone: 805-428-2063
Fax: 562-446-0575
