Preschool for Sale
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This preschool for sale currently has a licensed capacity of more than 140 students and serves children from 6 weeks to school age. The asking price includes the real estate, business, furniture, fixtures, and equipment. This preschool for sale is well equipped and has an experienced and knowledgeable staff. The preschool has the capacity to grow with a new energized owner. Owner would like to sell both real estate and the preschool business.
Gross revenue: $397,492
Cash Flow: $196,727
Value of Equipment: $10,000 (included in asking price)
Seller Financing: Negotiable
Year Established: 1988
Number of Employees: 8FT/1PT
This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities. Real Estate Brokerage License on file. For more information, please contact Trista Perot at 469-293-1397.
Business Brokers create and manage buyer competition
By · CommentsA recent post of mine cited an article stating 62 reasons why a seller would hire a business broker to help them transition their company to a new owner. I’m highlighting each reason with additional insight.
Reason #12: Buyer competition: Create and manage it
Selling a business can be daunting. One of the biggest challenges for business owners who try to sell their business on their own is: How do you find buyers – real buyers, not tire kickers and looky-loo’s – who have money that won’t waste your time?
The problem is, depending on the size of your offering, your buyer pool consists of a mostly first-time buyers. If you don’t know all the steps in the transaction process, they can wear you out with document requests, not to mention they don’t know themselves how to get the deal done. Insurmountable obstacles to them might be just another day at the office for most of us.
Just going through the painful and lengthy dance with one failed buyer encounter is enough to make an owner want to shut his doors rather than sell his company. Thankfully, this is an area where business brokers and intermediaries shine by
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taking the headache out of the equation.
Business brokers and intermediaries serve as marketers and project managers. We have a pool of buyer candidates that we have relationships with that we go to first, then we also advertise to find additional buyers. Ideally, we want there to be a number of legitimate buyers all bidding for your company. The more competition, the higher the price you can ultimately sell for. You sell for more, we make more commission. It’s a win-win, right?
That is – if you can get them to the closing table.
Your business broker knows how to find all those buyers, package your deal to make it attractive to committed buyers in the marketplace. He/she has experience with vetting those buyers to see who is really interested in purchasing and who just likes the idea of saying their shopping for a business. And, your business broker knows to manage the offering process so if you’re lucky, you’ll have a number of deals to look at. If the buyers are aware of the activity on your listing, the offering prices should be higher than someone who knows that you haven’t had a single nibble. The added benefit is that you’ll have back up offers should your intial offer dissipate. Your business broker knows the process for getting a transaction to closing and can manage it along the way. Time kills deals, and business brokers hate for good deals to fall apart.
To sum it up:
- Business brokers generate interest in your company for sale
- They manage the buyers expectations and offers
- They keep everyone focused
Award-winning bakery for sale
By · CommentsThis exceptional world-class bakery for sale has been a local staple for more than 20 years. Specializing in a full range of creative confections, cakes for birthdays, graduation, wedding, cheesecakes, cupcakes, grooms cake, and small packages for
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anniversary celebrations or a just because cake.
The bakery’s revenue is well diversified coming from three sources: 8-10% wholesale accounts, 47% special occasions, and 45% weddings. Sales for the first 6 months of 2011 are up 22.6% over the same period for 2010. Profit margins are high and will provide strong income for the new owner of this great investment.
The current focus for growth is wholesale baked goods to catering businesses, restaurants, and quick service kiosks. The immediate results from those efforts are impressive. A new owner with marketing experience can continue this growth trend. This bakery for sale has been commended for both the outstanding quality of their products and the exceptional customer service consistently provided to their customers.
While the bakery is busy year round, it is currently managed with a part-time owner working on site fewer than 20 hours. Even so, this bakery for sale continues to win awards from industry experts and national publications. The owner is committed to a smooth transition to new ownership; 2-4 weeks on-site training and telephone consulting with management are both included in the purchase price.
| Asking Price: | $795,500 |
| Gross Revenue: | $465,810 |
| Cash Flow: | $181,755 |
| Value of Inventory: | $500 (Included in Asking Price) |
| Value of Equipment: | $50,000 (Included in Asking Price) |
| Seller Financing: | Negotiable |
| Year Established: | 1990 |
| Number of Employees: | 3ft/1pt |
This business is structured as an asset sale. This is neither an offer nor a solicitation to sell securities. Real Estate Brokerage License on file. For more information please contact Trista Perot at 469.293.1397.
5 tips for reviewing broker contracts
By · CommentsA recent post of mine cited an article stating 62 reasons why a seller would hire a business broker to help them transition their company to a new owner. I’m highlighting each reason with additional insight
Reason #11. Business advice re: contracts (exclusive of legal advice)
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You are going to sign a lot of contracts when you’re selling or buying a business.
Buying or selling a business can be the biggest transaction you ever complete – so whenever you are presented with something to sign, you should fully understand what you are committing to.
If you’re a buyer, you’re going to have a confidentiality agreement that you’ll have to put your John Hancock on. Then you’ll be putting in an offer to purchase. If that’s accepted, a bill of sale, non-compete agreement, maybe even a promissory note… all will follow. And those are just the big documents.
If you’re a seller, you’ll have the same but in exchange for the CA, you’ll have a listing agreement in the mix.
Business brokers should not ever provide legal advice (unless they also happen to be a practicing attorney) but they can help guide you through many of the documents you’ll be presented with.
Here are five tips for reviewing each contract you receive:
1. Read it. I’m shocked at how many people sign things without reading what they’re agreeing to. Ask for documents and contracts ahead of time so you have a chance to digest it.
2. Ask your business broker what the purpose of the document is and what are the main take-aways.
3. Then ask WHY those items are in there, can he/she give you an example of an instance that would occur where those items would be applicable. Most contracts have evolved over time. Finding out what the protections that are included are for will make you a more educated participant in the transaction.
4. Ask questions about anything you are not familiar with. Ask until you’re satisfied and then run it past your professional counsel.
5. Know that your business broker wants you to be comfortable and understand everything you sign. If you have any concerns, we want you to contact your attorney or CPA and have him/her review it before you sign it.
