Buying A Gas Station
Q: What are some of the key things to look for in evaluating gas stations for sale? A: Gas stations have always been a popular resale business; however, you should not be misled as many people are thinking that this…
Buying A Convenience Store
Q: My business partner and I are planning to buy a major-brand convenience store in the next 3 to 6 months. We've already identified three stores for sale in our target area. Can you offer any advice on how we…
Need Financing But Seller Has Not Reported All Income
Q: We have $40,000 to start a new business. But the business we want costs $200,000. The actual owner is not reporting the exact amount of money that the business produces. How can I convince the SBA to give me…
Overview Of Seller Financing
Q: Can you explain how Seller Financing is typically handled in a deal? I'm in negotiations to buy a business now, and I want to make sure this is included, but I'm not sure how much to ask for or…
Negotiating Royalty Fee For Multiple Franchise Units
Q: What advice do you have for negotiating the royalty fee (i.e. 6%) for the purchase of multiple franchise units? Are there rules of thumb for lowering the royalty fee when a number of units are purchased? A: Unfortunately, there…
Using 401k Or IRA Funds To Purchase A Business
Q: I am looking to purchase a business, and I found a company that is offering to use my 401K and IRA funds to set up the company. It sounds like a good deal. Do you have any information on…
Buying A Retail Camera Business
Question: I am considering making an offer on a retail camera business. It has been in biz for over 30 yr. Owner wants to retire. Has posted 4.5% avg. growth over the last 12 yrs. The last two yrs, 15%…
Buying A Dry Cleaners/Laundry Business
Question: Hi. I am looking to a buy a running Dry Cleaners/Laundry. What should I be asking about/looking for? Never been in the dry cleaning business before. Answer: Coin laundries and dry cleaners are very attractive opportunities to many people.…
Thinking Of Buying Existing Vending Route
Q: I am thinking of buying an existing Vending route (snacks and drinks). What are the things I need to check before buying the vending route? The machines are included in the price. A: Typically, the most important factor to…
Hypothetical Business For Sale
Q: Browsing through your ads I see a lot of businesses for sale similar to this hypothetical one: Business for sale, 9 million in sales, 2.3 million cash flow, selling for 5.5 million. This business does not have any hard…