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IMPORTANT POINTS ABOUT SELLING A BUSINESS Written By: By Mel Jones - President SellingRestuarants Selling a business, particularly a restaurant, is a complex transaction that can't be appreciated until someone does it wrong and loses a deal because of it. So the first step is understanding all the important points. Here are the highlights of those points...
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ARE YOU QUALIFIED TO BUY A RESTAURANT? Written By: Mel Jones Qualifying a business buyer is key to successfully closing a deal. There are several variables at play when trying to qualify a business buyer and is nothing like trying to qualify a person to purchase a home.
First and obvious is whether the buyer has the money to purchase the business....
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HOW BADLY DOES CALIFORNIA TREAT SMALL BUSINESS? Written By: Mel Jones People I speak to about California's unfriendly small business environment are often shocked to discover what that state puts small business owners through...
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SO YOU WANT TO BUY AN EXISTING RESTAURANT OR BAR? Written By: Mel Jones There isn’t a day that goes-by where many business buyers call me wanting to purchase a restaurant or bar yet they have no idea where to or how to start.
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BUYING AN EXISTING BUSINESS Written By: U.S. Government www.SBA.Gov For some entrepreneurs, buying an existing business represents less of a gamble than starting a new business from scratch....
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LOOKING TO GET A VISA TO ENTER THE U.S.A.? Written By: Jessica Weiss, Esq. The low valuations for US. businesses and the weak dollar has led to a hot market for foreign investors to buy businesses which if purchased through the immigration laws could lead the foreign investor to getting a green card. Generally, there are two types of visas EB-5 and E-2.
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HIRE SELLINGRESTAURANTS TO FIND YOU A RESTAURANT Written By: Mel Jones If you're frustrated with the business brokerage industry as I was, then you've got hire us to find you a business and to represent you in the purchasing process.
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“10” RESTAURANT FINANCIAL RED FLAGS Written By: John Nessel - Restaurant Resource Group After 20 years in the restaurant industry, fifteen as an independent owner/operator and the last five as a consultant, I have experienced and observed just about every type of financial problem imaginable...
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ARE YOU A FOREIGN BUSINESS OWNER LOOKING TO OPEN A BUSINESS IN THE UNITED STATES? Written By: Jessica Weiss, Esq. If you ever wondered how a foreigner could come to America and open a US Office and either work here themselves or bring in other workers, there is a way. It is called the L-1A nonimmigrant visa for intracompany managerial/executive transferees. How does it work?
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LEASE ASSIGNMENTS - WHAT EXACTLY DOES THIS MEAN? Written By: Joe Sandbank, Esq. The purchase of a business almost always involves the buyer either obtaining a new lease or obtaining an assignment of the seller’s rights to the existing lease...
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FACTS ABOUT THE ALTERNATIVE MINIMUM TAX Written By: Peter S. Muffoletto, C.P.A. The Alternative Minimum Tax (AMT) was the misbegotten attempt on the part of Congress to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax, in other words, the flat tax for the so called wealthy.
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CELL PHONE RANSOM - SOMEONE OUGHT TO DO A REALITY SHOW ON RESTAURANT BROKERS! Written By: Mel Jones Today I met a client in Mid-Town. If you know mid-town Sacramento, there is parking meters everywhere. So he had to pull some quarters out of his pocket and in doing so he placed his cell phone on the top of the central time ticket machines. He forgot it.
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RESTAURANT CHAINS POISED FOR GROWTH IN 2012 Written By: By Elaine Misonzhnik, Senior Associate Editor With consumers feeling more secure about their jobs and more optimistic about the U.S. economy, restaurant executives are ramping up their opening plans, according to brokers who specialize in the sector.
After a few years of hunkering down and holding on to their money...
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CALIFORNIA MAKES BUSINESS SALES MORE DIFFICULT WITH RECENT POLICIES! Written By: Mel Jones As if business wasn't tough enough in the Golden State, then comes the ABC and the BOE to make it tougher. As the State of California tries to grab revenue from any and every possible source, they hinder the business of selling businesses.
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THINK TWICE ABOUT SELLING YOUR RESTAURANT OR BAR ON YOUR OWN! Written By: Mel Jones, President SellingRestaurants It sounds so simple, doesn't it? Just place an ad in the paper to sell your restaurant, find a buyer for your business and close the deal.
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WHAT ARE THE TAX IMPLICATIONS OF BUYING OR SELLING A BUSINESS Written By: Mel Jones - President & CEO ISSUE
This is a good question for every Seller to read and understand.
A client asked: "Do I pay taxes on the entire sale price of my restaurant/business or is it only on any profit made." Example If I owe $200,000 and I sell it for $300,000 do I only pay taxes on $100,000?
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BECOME A SELLINGRESTAURANTS AFFILIATE TODAY! Written By: Press Release Supercharge your business brokerage firm by using intelligent website software to operate your business. For 8 years we've been developing website tools brokers haven't even thought about yet and at affordable prices.
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BUY A BUSINESS USING YOUR IRA and 401K Although thousands have discovered this golden opportunity, some of the savviest investors are still unaware of this remarkable funding option: You can utilize your IRA monies before retirement age to purchase a business without incurring early distribution penalties....
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RESTAURANT FOR LEASE AND RESTAURANTS FOR SALE Written By: Mel Jones If you've thought about buying or selling a restaurant, bar of club, then you've come to the right place to start. We have hundreds of listings in many states. We're professionals that know our industry and know how to sell.
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THE SMART MONEY IS MOVING INTO BUYING RESTAURANTS! Written By: Mel Jones There is an interesting trend going on in the restaurant and bar selling business. This week we started seeing investors enter the restaurant/bar market.
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THERE'S A GOLDEN NUGGET IN THAT PILE OF RUBBLE Written By: Mel Jones Today I was thinking of what makes a smart investor/buyer of a business. I concluded it was the investor/buyer recognizing an undervalued business when they saw it of course. But what does that mean?
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HOW MUCH RENT SHOULD YOU PAY? Written By: Mel Jones So you want to buy a restaurant. Having sold more than 350 restaurants in the past 5 years I’ve seen my share of sad stories in the restaurant business. Every day I get calls from restaurant owners whose dreams of owning and running a restaurant have been crushed by the recent weak economy...
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5 Things You Never Knew Your Cell Phone Could Do Written By: Unknown For all the folks with cell phones, (This should be printed and kept in your car, purse, and wallet. Good information to have with you.)
There are a few things that can be done in times of grave emergencies.
Your mobile phone can actually be a life saver or an emergency tool for survival.
Check out the things that you can do with it:
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LOOKING FOR A RETAIL LEASE...USE CAUTION! Written By: Mel Jones As a restaurant broker, we often get restaurant owners whose business is in trouble on many fronts but the primary reason for the trouble is the bad lease they got themselves into.
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DEFECTIVE SERVICE VOIDS LANDLORD'S FIVE DAY NOTICE IN CALIFORNIA Written By: Trainor Fairbrook Advisory Attorneys routinely advise landlords and property managers that a defect in the service of a statutory Notice to Pay Rent or Quit is cured by establishing that the tenant actually received the Notice. This has been the rule since the first of a series of cases was decided in 1962. This line of court cases is also widely referenced in most leading treatises for the general proposition that proof that a tenant received actual notice will cure defective service.
On June 14, 2010, a Court of Appeal in Southern California limited the application of this general rule.
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NO SUCH THING AS A PROFITABLE BUSINESS FOR SALE...NOT! Written By: Mel Jones I’ve been brokering businesses for 6 years now. Prior to doing this I was a buyer of businesses as some of you may know. After a two year search, I gave up and decided to open SellingRestaurants.
I often get buyers who are skeptical about buying existing businesses and who are skeptical about a business’ profit....
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HUMOR - AMISH ELEVATOR Written By: Muffoletto & Company A fifteen year old Amish boy and his father were in a large shopping mall for their first time at any mall.
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SUCCESSOR LIABILITY WHEN BUYING A BUSINESS IN CALIFORNIA Written By: Joe Sandbank A major concern of anyone buying a business should be whether or not they will be exposed to any of the seller’s liabilities.
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BUYING A RESTAURANT, NOT AN EASY TASK! Written By: Mel Jones, President There's a reason why buying a restaurant, bar or club is referred to as a buying process. Each deal has its own unique personality and each with new challenges.
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California Enacts Qualified Purchasers Act Written By: Peter S. Muffoletto, C.P.A. With ongoing budgetary problems California has enacted a Use Tax registration requirement which applies to any business within the State of California who is defined within the act as a qualified purchaser...
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SECURING A SELLER NOTE Written By: Mel Jones The financial markets are facing some of the most challenging times never seen before in generations, making buying a business a tougher proposition than just 18 months ago. During these times, lenders go to the extreme, as though their parent had just scolded them, and hunt for any possible reason to decline business purchase loans.
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IT'S THE DARKEST JUST BEFORE DAWN Written By: Mel Jones Perhaps you've heard it before "it's the darkest just before dawn." This phrase is used to describe the hope that is coming after a period of hopelessness. Times where it seems the world is ending; where fear paralyzes the masses and stops them in their tracks while the masses, like sheep, follow their fear sheppard to the wolves.
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BUY AMERICAN. I AM. Written By: By WARREN E. BUFFETT THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
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DON'T GUARANTEE THAT LEASE! Written By: Mel Jones Leases can be huge liabilities for restaurant owners. Most leases are personally guaranteed by the tenant. This means, the tenant guarantees the rent will be paid through the whole term of the lease, even when the business is closed and not making money.
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Restaurant Owners Join Forces To Strengthen Purchasing Power By Mark Anderson Written By: MarK Anderson - Savramento Business Journal There's strength in numbers, and buying power, too, as local restaurateurs have found by forming a buying group.
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2010 Jobs Act Information Reporting for Rental Expense Written By: Peter S. Muffoletto, C.P.A. The Small Business Jobs Act of 2010 (2010 Jobs Act) requires information reporting for rental property expense payments of $600 or more....
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Internal Revenue Service unleashes ‘Business oriented Audits’ Written By: Peter S. Muffoletto, C.P.A. The Internal Revenue Service has set up special audit groups focused to audit business taxpayers with complicated tax returns, and their complicated financial arrangements...
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IRS Targeting High Income Taxpayers Written By: Pete Muffoletto As promised by the current elected administration in what appears to be an economic profiling by the Internal Revenue Service in a society....
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SBA expands Commercial Real Estate Refinancing Written By: Unknown WASHINGTON, D.C. –Small business owners with eligible commercial real estate mortgages maturing after Dec. 31, 2012, will be able to secure more stable...
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FINANCING A RESTAURANT PURCHASE Written By: By Mel Jones Thinking about buying a restaurant or retail business but you only have 10-20% down payment? You’ll be glad to hear SBA interest rates have dropped significantly in the past few months making a business purchases..
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IMPORTANT POINTS ABOUT BUYING A RESTAURANT Written By: Mel Jones SellingRestaurants AGENCY RELATIONSHIP: SellingRestaurants represents Sellers. Anything the Buyer gives or tells the Agent, assume our Seller receives the same.
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UNDERSTANDING RETAIL LEASES Written By: Unknown A lease is an agreement granting use or occupation of real property during a particular period in exchange for a specified rent. At common law, the lease was traditionally regarded as a conveyance of interest in land, subject to the doctrine of caveat emptor ("let the buyer beware").
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Restaurant for Sale Google Search Teaser Written By: Mel Jones This website is a broker operated website specializing in restaurants for sale, brokering restaurants, leasing restaurants, restaurant valuations, bars for sale, brokering bars, leasing bars. We don't sell restaurant equipment.
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UNDERSTANDING RETAIL LEASES Written By: Unknown A lease is an agreement granting use or occupation of real property during a particular period in exchange for a specified rent. At common law, the lease was traditionally regarded as a conveyance of interest in land, subject to the doctrine of caveat emptor ("let the buyer beware").
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QUILIFY A BUYER BEFORE GETTING INTO CONTRACT! Written By: Mel Jones Qualifying a business buyer is key to successfully closing a deal. There are several variables at play when trying to qualify a business buyer and is nothing like trying to qualify a person to purchase a home.
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HOW TO SECURE A BUSINESS LOAN Written By: Mel Jones As the financial markets change for buying a business and lenders increase the qualification requirements for business buyers, there is a drift toward the seller's replacing the banks in terms of financing the business purchase.
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OPEN LISTINGS - SOUNDS GREAT UNTIL UNTIL YOU LOOK DEEPER! Written By: Mel Jones "OPEN LISTING" It sounds great to a business owner who's listening to a broker say "hey, just sign here and there is no obligation unless we bring you a buyer..."
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