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Archive for January, 2010

Does anyone know where I can get a listing of states that require real estate license for business brokers?

Icon Written by admin on January 29, 2010 – 5:42 pm

From the Wall Street Journals website:  www.BizBuySell.com:

Carroll Koon – In New Business Advice – Jan 27, 2010
CK Enterprises
Richland County, SC

Julie A. Barnes
 
Small Business Exchange, Inc.
Travis County, TX

Hello Carroll,
Both Don and Charles have provided valuable information. However, your question begs the question: “Why would a real estate license certify the competence of a business broker?” There [...]



What’s a good semi absentee business to own? I have looked at day care, liq. stores, and hair care, Idea’s?

Icon Written by admin on January 13, 2010 – 5:22 pm

From the Wall Street Journal’s website:  http://www.BizBuySell.com: 
What’s a good semi absentee business to own? I have looked at day care, liq. stores, and hair care, Idea’s?   
Colleen Rebuck – In New Business Advice – 1 hour ago 
Julie A. Barnes
Small Business Exchange, Inc.
Travis County, TX

Hello Colleen,
I currently list a maid service (Maid To Perfection) that requires about [...]



What is a common and practical gross mulitplyer and cap rate for an automotive repair shop which has six bays

Icon Written by admin on January 11, 2010 – 4:04 pm

Hello Sire,
Charles’ advice is spot on – multiples of gross income do no indicate the profitability of a business. The cap rate you refer to is only as good as the data you can gather from similar operations in a comparable location – doubtful at best.
Instead – I would encourage you to approach your listing [...]



I would like to buy an existing business How do I get started? What are the requirements besides having cash?

Icon Written by admin on January 9, 2010 – 9:34 pm

 
Rhonda Hays – In Buying a Business – Dec 2, 2009
Author’s Note:  I found the  following answers to Rhonda’s  question posted on the Wall Street Journal’s  website, http://www.BizBuySell.com   to be exceptionally informative, sage advice:

Create a life plan. What’s important to you that’s currently in your life that is non negotiable – do you have a partner, children, a [...]



Business Value Software

Icon Written by admin on January 7, 2010 – 1:13 pm

Is there any GOOD software that I can plug my numbers into to figure out what the value of my business if before I contact a business broker?
I would also like software that is REASONABLY priced.
Thank you

Ron Hamm – In Selling a Business – 1 hour ago
Industry: Auto Repair, Parts & Services
 
Hi Ron,
There are some [...]



I am an Air Force veteran coming off of active duty and would like to start my own business…

Icon Written by admin on January 6, 2010 – 2:44 pm

Maybe part time maybe full time? Something to cut my teeth on, something lucrutive? Don’t have a whole lot of startup cash, however could cash in some retirement funds? is that smart? Veteran assistance is probably out there? just need some good advice to get started, want to make enough money to pay the bills [...]