|
Cyprus Taxing Deposits! Heck Ben Bernanke Been Taxing Our Savings for Years!Written By: Mel Jones
Mar 21, 2013
I'll keep this short and sweet. Today there is all this talk about Cyprus' debt issues and the fact the governmetn wants to "tax" deposits! Heck Ben Bernanke been doing this to every American deposit in the coutry and we all sit around and let him get away with it. Why!
Click Here To Read More
Know When to Sell Your Restaurant and How to Price Your Business to SellWritten By: Mel Jones
Mar 1, 2013
All too often I see restaurant and business owners get crazy about getting "their money" back from the restaurant or business they've invested in. They get some crazy idea that someone is going to bail them out like the banks and auto manufacturers were bailed-out. Well it doesn't happen.
Click Here To Read More
New Word - IntaxicationWritten By: Peter S. Muffoletto, C.P.A.
Mar 15, 2013
A New Word to Add to Your Vocabulary...
Click Here To Read More
Bob Goes to HellWritten By: Peter S. Muffoletto, C.P.A.
Mar 11, 2013
Bob who was an engineer by trade passes away and reports to the Pearly Gates. Saint Peter checks his list and not seeing his name there immediately sends him to Hell. It doesn't take long before the Bob becomes rather dissatisfied
with the level of comfort in Hell...
Click Here To Read More
Be a Dog!Written By: Mel Jones
Mar 10, 2013
Trying to forget the past and only focus on the present is a challenge for most. Everytime I think about this concept I'm reminded by a story that I'd like to share. Imagine putting your spouse or partner into the trunk of a car along with your dog...
Click Here To Read More
How is Your Day Going? You Been to a Bar Lately?Written By: Mel Jones
Mar 8, 2013
Paul was sitting at the bar staring at his drink when a big, trouble-making biker full of tatoos and wearing a black leather jacket swaggers in and steps up next to him, grabs his drink and gulps it down in one swig and menacingly says, "Thanks, whatcha going to do about it?"
Click Here To Read More
MORE THAN ONE WAY TO SKIN A CAT!Written By: Mel Jones
Mar 8, 2013
As a clear illustration of how smart our agents are trained, we recently closed a tough deal. The buyer was financially wak in the sense he had saved $70,000 to buy a restaurant, but it was a BIG restaurant he wanted to buy. He had the operational experience to run it, but not the working capital nor the high credit score that this landlord would want.
Click Here To Read More
We Pride Ourselves On Being Thorough!Written By: Mel Jones
Mar 8, 2013
Today I was at a followup listing appointment at a pizza place in Gilbert Arizona. The seller are two men, one young the other middle age. Good guys! They bought the pizza business from me earlier this year. It was a pure asset purchase, or another way to say it a cost avoidance purchase, the aviodence of the cost of building one from scratch.
Click Here To Read More
SellingRestaurants Is Getting SBA Loans Done!Written By: Mel Jones
Mar 8, 2013
The other day I met a buyer. He's been looking at asset sales - typically businesses that are running but have or show no profit. These are turn-a-round opportunities and attractive for experienced restaurant operators to save big money on building restaurants from scratch.
Click Here To Read More
KNOW WHEN TO SELL YOUR BUSINESS!Written By: Mel Jones
Jun 12, 2012
You've heard the cliché "buy low, sell high" but we rarely take heed of such a cliché. Instead and for whatever reason, we ignore the signs that our business is in a decline. And before we know it, we've destroyed huge amounts of value by waiting too long to see the signs.
Click Here To Read More
A Pirate Walks into a Sports Bar...Written By: Mel Jones
Mar 8, 2013
"We were in a battle, and I got hit with a cannon ball, but I'm fine now." The bartender replied, "Well, OK, but what about that hook?
Click Here To Read More
So How Much Should I Pay For That Restaurant or Bar? What is the Restaurant's Value?Written By: Mel Jones
Mar 4, 2013
We all ask ourselves every time we buy something of material value "is this the best price I can get?" or "am I paying too much for this?" We do it for car purchases, home purchases, hotels, car rentals, etc.
So why would it be any different for business purchases? Except the difference is there are huge markets in those other products to determine a value such as hotel prices, car rental prices and home purchases...
Click Here To Read More
Golden SaloonWritten By: Mel Jones
Mar 1, 2013
Golden Saloon
Sunil comes home completely drunk one night.
He lurches through the door
and is met by his scowling wife,
who is most definitely not happy.
Click Here To Read More
We Ought to Do to The Legal Industry What Obama Has Done to the Medical IndustryWritten By: Mel Jones
Mar 1, 2013
The left is always concerned about equality and fairness - a standard mantra in fact - so why hasn't anyone on the left started to push for nationalizing the legal profession? It is the poor that suffer the most from lack of adequate legal representation in criminal as well as civil cases.
Click Here To Read More
Pssst........I've Gotta a SecretWritten By: Michael Pearson Attorney
Mar 4, 2013
If you are buying or selling a business, entering into a manufacturing or consulting contract, or in any way collecting or sharing information about a business, at some point in the discussions more information about the business will be shared than either party would want the general public to know.
Click Here To Read More
Okay, Swallow Your Ego! It is Better to Get Something Than Nothing For Your Restaurant or Bar!!Written By: Mel Jones
Mar 1, 2013
In the past 8 years we've sold more than 500 restaurants and we run across all sorts of restaurant owners who are in trouble with their business. If you are missing rent payments and you have vendors pounding on your doors, and missing payroll, it is probably already too late for you to try to sell. But if you sense you're on the edge and about to default on the rent and stop paying vendors or not make payroll, then be smart about selling.
Click Here To Read More
Sad Day in American History - Neil Armstrong Passes AwayWritten By: Mel Jones
Aug 27, 2012
For all of us baby boomers who watch Neil set foot on the moon on that warm summer day in July 1969, meeting the goal that President Kennedy has set some 9 years earlier, it was a said day for us on Sunday. It was the Pinnacle of what our nation accomplished when everyone worked together for a common goal. And Neil Armstrong could have stolen the show and been one of those casualties of fame and power but instead, he chose a quiet life and decide to go teach engineering at a university.
Click Here To Read More
EXIT STRATEGIES FOR RESTAURANT BUYERS AND OWNERSWritten By: Mel Jones
Sep 13, 2012
As a restaurant broker who has been selling restaurants since 2003, I meet and talk to hundreds of restaurant owners each year, read hundreds of leases, review hundreds of tax returns and financial statements and I can't tell you how rare it is to see a well thought through exit strategy putting the restaurant owner in the front seat when selling or getting out of their restaurant obligations.
Click Here To Read More
SELLINGRESTAURANTS PRIDES ITSELF ON PROVIDING HIGH QUALITY SERVICES!Written By: Mel Jones
Dec 5, 2012
At SellingRestaurants, we pride ourselves on providing our client quality service. We thoroughly understand each of our clients needs and situation and we thoroughly understand their restaurant business....
Click Here To Read More
PREPARE YOUR RESTAURANT FOR AN INSPECTIONWritten By: Mel Jones
Dec 17, 2012
Today I'm reminded how critical it is to prepare your restaurant for a buyer's inspection. There are few things more critical during the early stages of a deal than making your restaurant shine and giving the buyer a great impression of what they are buying....
Click Here To Read More
HOW TO SUCCESSFULLY BUY A RESTAURANT OR BAR BUSINESSWritten By: Mel Jones
Jan 8, 2013
The business brokerage industry has an image problem because there are so many brokers not qualified to sell restaurants let alone businesses. But at SellingRestaurants ourt agents are trained to do one thing, sell restaurants and bar.
Click Here To Read More
BEWARE ARIZONA BUYERS of the UNETHICAL BROKERAGE HOUSES!Written By: Mel Jones
Jan 18, 2013
It is unfortunate that I have to write this article, but SellingRestaurants' has a fiduciary duty to educate consumers, making them aware of unethical business brokerage practices so as to avoid those brokerage houses that practice them. I can't tell you the names of those houses, but if you read and study the below information you can avoid what several of our clients have endure dealing with these unethical brokerage house, and there are several of these houses in the Phoenix area.
Click Here To Read More
WE'RE NOT SELLING A HOUSE HERE MARTHA!Written By: Mel Jones
Jan 29, 2013
The other day, I closed a deal in Sacramento, a Mexican Restaurant called Mas Mexican Restaurant in Roseville, CA. The owner of the restaurant, Randy Paragary, was talking to me during the closing and said "Mel, you earned every penny of your commission.
Click Here To Read More
BEING TOO CLOSE TO YOUR BUSINESS MAKES YOU BLINDWritten By: Mel Jones
Feb 4, 2013
Have you ever been too close to a situation that required action and in hindsight you wish you would've done it different or you wish you would've made a completely different decision? I know I have and in those cases I wish I would of had a good adviser next to me, and adviser with the experience and wisdom to help me through the situation.
Click Here To Read More
SO YOU CAN COOK! AND NOW YOU WANT TO OPEN A RESTAURANT.Written By: Mel Jones
Feb 19, 2013
At some time or another, nearly everyone has this dream of taking their great recipes and opening a restaurant or food business. And there are plenty of examples of people like Debbie Fields who baked-up Mrs. Fields Cookies, or Famous Amos (AKA Wally Amos) who made a fortune manufacturing and marketing his cookies into grocery stores, or Fred Deluca who in 1965 borrowed a $1,000 and opened a sub shop in Connecticut that eventually became Subway.
Click Here To Read More
Looking for Security - By a Neighborhood Bar!Written By: Mel Jones
Mar 1, 2013
Every one is looking for some safe harbor investment; one that is recession proof and safe. If this is you, you ought to look at buying a bar. Not a club! But a good old fashion neighborhood bar.
Click Here To Read More
New Health Care Bill Destroys Business ValueWritten By: Mel Jones
Mar 1, 2013
The new health care bill passed by Congress and signed into law this week will single-handedly destroy billions of dollars of value for restaurant owners.
Click Here To Read More
The Gamblers Syndrome in the Restaurant BusinessWritten By: Mel Jones
Mar 1, 2013
As a retaurant broker I often get the honor of flying at 50,000 feet giving me a great view of the landscape and the nuances of the restaurant business. And over the years I've noticed restaurant owners and gamblers have a lot in common.
Click Here To Read More
Even Great Chefs With Great Food FailWritten By: Mel Jones
Mar 1, 2013
Today my family and I eat at a wonderful Eygptian restaurant that makes the BEST hummus I know. And the chef follows it with fantastic food as well. But despite the great food and service, the owner is struggling and needing to sell the restaurant. I'm telling you the food is out of this world...
Click Here To Read More
Highest Grossing Restaurants! Hold On To Your Hats Folks!Written By: Mel Jones
Mar 1, 2013
If you're in the restaurant business than you'll fall on your face to think of a restaurant gross $59 million a year...
Click Here To Read More
WATCH THAT LEASE PLAN AN EXIT STRATEGYWritten By: Mel Jones
Mar 1, 2013
Setting yourself up for an exit strategy when you sell your business is paramount whenever entering into a new lease. But don't think that the other broker, who really represents the landlord, is going to design a lease with a good exit strategy. So you need to take care of yourself, or give us a call to help you.
Click Here To Read More
Olympic BloopersWritten By: Mel Jones
Mar 1, 2013
We all saw the fabulous opening and closing ceremonies,
We were able to watch world class competition,
We enjoyed the best the world has to offer in regards to athletes.
What some of us missed were some of the extraordinary news coverage,
some of which follows:
Click Here To Read More
WHY USE SELLINGRESTAURANTS.COM TO SELL YOUR BUSINESS?Written By: Mel Jones
Mar 1, 2013
As a broker, I have we have a fiduciary responsibility to put your business in the best possible light and get you the highest possible price for your restaurant business. We take this duty serious. Most of the time we're right with commanding a higher price for your restaurant business and sometimes we're not.
Click Here To Read More
WHY USE A BUSINESS BROKER?Written By: Mel Jones, President SellingRestaurants
Aug 25, 2008
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.
Click Here To Read More
WHAT ARE THE TAX IMPLICATIONS OF BUYING OR SELLING A BUSINESSWritten By: Mel Jones - President & CEO
Mar 26, 2008
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?
Click Here To Read More
ARE YOU QUALIFIED TO BUY A RESTAURANT?Written By: Mel Jones
May 21, 2008
Being a qualified buyer is key to successfully closing a business purchase. There are several variables at play when trying to qualify and the qualification process is nothing like trying to qualify a person to purchase a home. There are factors realting to you and factors relating to the business that needs to be analyzed.
First and obvious is whether the buyer has the money to purchase the business....
Click Here To Read More
BECOME A SELLINGRESTAURANTS AFFILIATE TODAY!Written By: Press Release
Aug 25, 2009
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.
Click Here To Read More
BUY A BUSINESS USING YOUR IRA and 401KJul 30, 2008
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....
Click Here To Read More
RESTAURANT FOR LEASE AND RESTAURANTS FOR SALEWritten By: Mel Jones
Mar 6, 2009
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.
Click Here To Read More
THE SMART MONEY IS MOVING INTO BUYING RESTAURANTS!Written By: Mel Jones
Nov 13, 2009
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.
Click Here To Read More
THERE'S A GOLDEN NUGGET IN THAT PILE OF RUBBLEWritten By: Mel Jones
Feb 8, 2010
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?
Click Here To Read More
HOW MUCH RENT SHOULD YOU PAY?Written By: Mel Jones
Jun 24, 2010
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...
Click Here To Read More
LOOKING FOR A RETAIL LEASE...USE CAUTION!Written By: Mel Jones
Jul 16, 2010
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.
Click Here To Read More
DEFECTIVE SERVICE VOIDS LANDLORD'S FIVE DAY NOTICE IN CALIFORNIAWritten By: Trainor Fairbrook Advisory
Jul 28, 2010
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.
Click Here To Read More
NO SUCH THING AS A PROFITABLE BUSINESS FOR SALE...NOT!Written By: Mel Jones
Aug 11, 2010
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....
Click Here To Read More
HUMOR - AMISH ELEVATORWritten By: Muffoletto & Company
Mar 2, 2011
A fifteen year old Amish boy and his father were in a large shopping mall for their first time at any mall.
Click Here To Read More
SO YOU WANT TO BUY AN EXISTING RESTAURANT OR BAR?Written By: Mel Jones
May 13, 2011
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.
Click Here To Read More
SUCCESSOR LIABILITY WHEN BUYING A BUSINESS IN CALIFORNIAWritten By: Joe Sandbank
Jun 20, 2011
A major concern of anyone buying a business should be whether or not they will be exposed to any of the seller’s liabilities.
Click Here To Read More
New Obamacare Investment TaxWritten By: Peter S. Muffoletto, C.P.A.
Aug 13, 2012
The Patient Protection and Affordable Care Act (ACA) affirmed by The Supreme Court includes certain income tax provisions to help pay for what has become known as Obamacare.
Click Here To Read More
ARIZONA BUYERS BEWARE!Written By: Mel Jones
Aug 28, 2012
There's a lot of good to be said about Arizona. It values personal freedoms and liberties as we can see in several sectors of our economy. This is good and this is bad for the restaurant sales businesses we sell. It is a buyer beware state.
Click Here To Read More
WE'RE GETTING SBA LOANS FOR OUR CLIENTS!Written By: Mel Jones
Aug 30, 2012
The banks have begun to open their coffers and start to lend, but of course they're a bit more picky than they were 5 years ago. Nevertheless, an experienced restaurant operator with good credit and plenty of cash down can get an SBA loan today.
Click Here To Read More
INVESTORS BEWARE OF A CLASSIC DEVELOPER SWINDLING TRICKWritten By: Mel Jones
Sep 23, 2012
SellingRestaurants has sold nearly 500 restaurants since 2004. In this time I’ve seen a lot of shady transactions and unethical business deals. One of the classic ones I’ve seen is where a developer builds retail space and then goes out an purchases a second rate franchise to place in the retail center.
Click Here To Read More
The Ethical Investor: Wall Street Ripoff #4 – Turning You Into a Passive InvestorWritten By: John R. Talbott
Sep 27, 2012
Investors can lose a lot of money, buying high and selling low, if they are very frequent and active traders. Trading costs and commissions alone can really eat into their profits as well as frequent trades that create big tax liabilities payable now rather than later.
Click Here To Read More
Best selling author of Survival Investing: The Ethical Investor: Wall Street Ripoff #3 – Hiding Fees and ExpensesWritten By: John Talbott
Sep 27, 2012
Before speaking about hidden fees and expenses, I’d like to take a moment to discuss the magnitude of the fees that Wall Street admits to and discloses for managing your money. There is no reason to delve into the world of hidden fees when stockbrokers, financial advisors and mutual funds admit in their own documents to charging clients as much as 1% to 2% per year for investing their money.
Click Here To Read More
CALIFORNIA HAS GONE EXTREME LEFT AND IT IS KILLING MY STATEWritten By: Mel Jones
Oct 3, 2012
I was born in California, Los Angeles to be exact. I grew-up in North Hollywood. For those who don't know, North Hollywood isn't the land of milk and honey. Its a rough neighborhood today and was back in the 60's and 70's. So I'm not some silver spoon guy whose parents paid for my college.
Click Here To Read More
BROKERS MUST EMBRACE THE INTERNETWritten By: Mel Jones
Nov 7, 2012
10 years ago I was laid-off as a Chief Financial Officer of Universal Music Group’s internet technology divisions, after nearly ten years in the entertainment business...
Click Here To Read More
Arizona Stands to Gain From New Laws in CaliforniaWritten By: Mel Jones
Nov 12, 2012
The November 6, 2012 election may not have gone the way the majority of Arizona’s would have liked, but there is a silver lining on those dark clouds that can benefit Arizona’s economy immensely.
Click Here To Read More
GOLF GAME WITH MOSES AND JESUSWritten By: Mel Jones
Nov 15, 2012
Moses and Jesus were playing golf and they had a third wheel playing with them. Moses walks to the tee box - and being that's he a bit old swung and hit the ball...
Click Here To Read More
CAVEAT EMPTOR...BUYER BEWARE!Written By: Mel Jones
Nov 27, 2012
All too often I get calls from buyers who don’t understand the dangers of venturing into buying a restaurant business without using a professional restaurant broker. Unfortunately, we’re often and wrongly categorized with general real estate agents or even general business brokers...
Click Here To Read More
SELLINGRESTAURANTS REACHES 40,000 MEMBERSHIPSWritten By: Mel Jones
Nov 28, 2012
After 8 years of being in business, SellingRestaurants reaches a major milestone of 40,000 members. These are buyers and business owners who have joined our website to receive both educational information and listing updates.
Click Here To Read More
Cell Phone EtiquetteWritten By: Mel Jones
Dec 12, 2012
After a tiring day, a commuter settled down in her seat and closed her eyes. As the train rolled out of the station...
Click Here To Read More
SELLINGRESTAURANTS GOES MOBILE!Written By: Mel Jones
Jan 17, 2013
SellingRestaurants becomes the first full service brokerage company to develop a mobile website for the convenience of its clientele.
"It is clear that our society is becoming more and more reliant on mobile devises to access the internet and surf the worl-wide-web looking to buy a business. At SelingRestaurants...
Click Here To Read More
WHERE WHITE MAN WENT WRONGWritten By: Unknown
Feb 3, 2013
Indian Chief "Two Eagles" was asked by a white U.S. gov't official "you have observed white man for 90 years. You've seen his wars and his technological advance. You've seen his progress and the damage he's done."
Click Here To Read More
GAY MARRIAGE AND MARIJUANAWritten By: Unknown
Feb 3, 2013
Gay marriage and marijuana were both legalized on the same day last week in some States.
Click Here To Read More
THE OUTDOORSMAN!Written By: Peter S. Muffoletto, C.P.A.
Feb 4, 2013
During my annual physical examination, my doctor asked me about my physical activity level. I described a typical weekend day this way:
Click Here To Read More
CALIFORNIA’S LEGAL SYSTEM NEEDS REFORM - Article #1Written By: Mel Jones
Feb 10, 2013
Its unfortunate that I’m writing this article, but I’ve always been one that fights for reform and fights for doing what’s right. Our legal system in California is designed for attorney to maximize their income while stealing the income of hard working average Americans.
Click Here To Read More
New Landlord Accessibility Disclosure LawsWritten By: David Durrett
Feb 14, 2013
Beginning July 1, 2013, California Civil Code Section 1938 will require every commercial property landlord to state in its leases whether or not the property has been inspected by a Certified Access Specialist (CASp). The statute will apply to every commercial lease...
Click Here To Read More
Switzerland signs Tax Disclosure Agreement with Internal Revenue ServiceWritten By: Peter S. Muffoletto, C.P.A.
Feb 15, 2013
The Long Arm of the IRS is reaching out Worldwide!
_____________
Switzerland and the United States have signed a tax treaty in which Swiss banks will disclose information about U.S. account-holders. The agreement is the latest in a series between the United States and other countries designed to carry out the Foreign Account Tax Compliance Act, or FATCA, enacted in 2010.
Click Here To Read More
BUYING A RESTAURANT, NOT AN EASY TASK!Written By: Mel Jones, President
Mar 17, 2008
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.
Click Here To Read More
HOW BADLY DOES CALIFORNIA TREAT SMALL BUSINESS?Written By: Mel Jones
Nov 5, 2010
People I speak to about California's unfriendly small business environment are often shocked to discover what that state puts small business owners through...
Click Here To Read More
GETTING A NEW LEASES: WATCH THOSE OPTIONS!Written By: Mel Jones
Jul 20, 2012
Setting yourself up for an exit strategy is paramount whenever entering into a new lease. But don't think that the other broker, who really represents the landlord, is going to design a lease with a good exit strategy.
Click Here To Read More
EVERY DAY IN THE LIFE OF A RESTAURANT BROKER...Written By: Chuck Machado
Aug 13, 2012
This deal has gotten hairier and hairier by the day. Now I want you to know that in the beginning, the buyers HAD TO sign the purchase contract on the Koran. Ok? I kid you not. Every sheet of paper, signed three times had to be placed on the book.
Click Here To Read More
Don't Hold a Dead Restaurant Business Too Long, It Will Not Only Stink, It Will Kill You Financially!Written By: By Mel Jones - President SellingRestaurants
Aug 21, 2012
In the past 8 years we've sold more than 500 restaurants and we run across all sorts of restaurant owners who are in trouble with their business. If you are missing rent payments and you have vendors pounding on your doors, and missing payroll, it is probably already too late for you to try to sell.
Click Here To Read More
HOW TO CREATE 10's OF THOUSAND OF JOBS IN CALIFORNIA!Written By: Mel Jones
Aug 28, 2012
When an economy is in recession, our politicians must get creative in order to help small business create jobs. On creative solution for California is to reduce the minimum wage for full service waiters at every restaurant in the state. Every restaurant owner knows that a server earns an hourly rate that is grossly higher than the minium wage in tips. I've heard average as low as $25/hour to as high as $400/hour depending on the restaurant. Nevetheless, the minimum is well about the state's minimum wage.
Click Here To Read More
California Enacts Qualified Purchasers ActWritten By: Peter S. Muffoletto, C.P.A.
Nov 18, 2009
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...
Click Here To Read More
BUYING AN EXISTING BUSINESSWritten By: U.S. Government www.SBA.Gov
Aug 28, 2011
For some entrepreneurs, buying an existing business represents less of a gamble than starting a new business from scratch....
Click Here To Read More
ARIZONA BUYER'S BEWARE! GET A STATE TAX CLEARANCE BEFORE CLOSING THAT DEAL!Written By: Mel Jones
Jul 25, 2012
There are a lot of great points about doing business in a state that, compared to most states, is business friendly, but there are risks that one must know before buying a business in Arizona.
Click Here To Read More
THE GREAT COMMUNICATOR...Written By: John Maxwell
Aug 27, 2012
Great communicators are not all cut from the same cloth. But they all share the ability to connect. That does not develop by accident. You cannot expect to succeed through dumb luck, as did the leader of a wagon train of pioneers that was heading across the Western Plains.
Click Here To Read More
IMPORTANT POINTS ABOUT SELLING A BUSINESSWritten By: By Mel Jones - President SellingRestaurants
Mar 17, 2008
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...
Click Here To Read More
SECURING A SELLER NOTEWritten By: Mel Jones
Aug 24, 2008
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.
Click Here To Read More
IT'S THE DARKEST JUST BEFORE DAWNWritten By: Mel Jones
Oct 4, 2009
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.
Click Here To Read More
BUY AMERICAN. I AM. Written By: By WARREN E. BUFFETT
Mar 6, 2009
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.
Click Here To Read More
Rents Are Coming DownWritten By: Mel Jones - President
Jan 6, 2009
The tide has changed in the retail rental market. Rents are coming down and at a fast pace.
Click Here To Read More
DON'T GUARANTEE THAT LEASE!Written By: Mel Jones
Jan 28, 2009
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.
Click Here To Read More
Restaurant Owners Join Forces To Strengthen Purchasing Power By Mark AndersonWritten By: MarK Anderson - Sacramento Business Journal
Mar 6, 2009
There's strength in numbers, and buying power, too, as local restaurateurs have found by forming a buying group.
Click Here To Read More
WHY WOULD A RESTAURANT OWNER EVER OPERATE AS SOLE PROPIETORSHIP?Written By: Larry O'Shea of O’Shea & Associates, a Professional Law Corporation
Aug 28, 2011
There is a reason there are seatbelts and airbags in the cars we drive, that we buy insurance, wear helmets on bikes and motorcycles. We want to be protected...
Click Here To Read More
LOOKING TO GET A VISA TO ENTER THE U.S.A.?Written By: Jessica Weiss, Esq.
Aug 29, 2011
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.
Click Here To Read More
HIRE SELLINGRESTAURANTS TO FIND YOU A RESTAURANTWritten By: Mel Jones
Aug 29, 2011
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.
Click Here To Read More
ARE YOU A FOREIGN BUSINESS OWNER LOOKING TO OPEN A BUSINESS IN THE UNITED STATES?Written By: Jessica Weiss, Esq.
Dec 9, 2011
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?
Click Here To Read More
2010 Jobs Act Information Reporting for Rental ExpenseWritten By: Peter S. Muffoletto, C.P.A.
Feb 23, 2011
The Small Business Jobs Act of 2010 (2010 Jobs Act) requires information reporting for rental property expense payments of $600 or more....
Click Here To Read More
Internal Revenue Service unleashes Written By: Peter S. Muffoletto, C.P.A.
Feb 23, 2011
The Internal Revenue Service has set up special audit groups focused to audit business taxpayers with complicated tax returns, and their complicated financial arrangements...
Click Here To Read More
IRS Targeting High Income TaxpayersWritten By: Pete Muffoletto
Mar 28, 2011
As promised by the current elected administration in what appears to be an economic profiling by the Internal Revenue Service in a society....
Click Here To Read More
SBA expands Commercial Real Estate RefinancingWritten By: Unknown
Mar 30, 2011
WASHINGTON, D.C. –Small business owners with eligible commercial real estate mortgages maturing after Dec. 31, 2012, will be able to secure more stable...
Click Here To Read More
LEASE ASSIGNMENTS - WHAT EXACTLY DOES THIS MEAN?Written By: Joe Sandbank, Esq.
Dec 9, 2011
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...
Click Here To Read More
CELL PHONE RANSOM - SOMEONE OUGHT TO DO A REALITY SHOW ON RESTAURANT BROKERS!Written By: Mel Jones
Mar 15, 2012
Today I met a client in Mid-Town. If you know mid-town Sacramento, there are 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.
Click Here To Read More
FACTS ABOUT THE ALTERNATIVE MINIMUM TAXWritten By: Peter S. Muffoletto, C.P.A.
Mar 12, 2012
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.
Click Here To Read More
CALIFORNIA MAKES BUSINESS SALES MORE DIFFICULT WITH RECENT POLICIES!Written By: Mel Jones
May 17, 2012
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.
Click Here To Read More
WATCH OUT FOR THAT LEASE!Written By: Mel Jones
Jul 9, 2012
I was talking to a property manager in the Sacramento region about a foreclosure that is talking place on one of his properties where we had several lease space listings we were trying to fill.
Click Here To Read More
What to Do if you Receive a Notice from the IRSAug 22, 2012
Receiving a notice from the Internal Revenue Service or other taxing authority can be a heart stopper, but this does not necessarily mean disaster is looming as in many cases the letter is merely asking for additional information based upon data they have received from other sources.
Click Here To Read More
OBAMACARE TAX STARTS JANUARY 1, 2013!Written By: Pete Muffoletto
Aug 28, 2012
The Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010, otherwise as it has become known as Obamacare imposes a 3.8% Medicare contribution tax on all net investment income of higher-income individuals as of January 1, 2013
Click Here To Read More
FINANCING A RESTAURANT PURCHASEWritten By: By Mel Jones
Mar 6, 2008
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..
Click Here To Read More
IMPORTANT POINTS ABOUT BUYING A RESTAURANTWritten By: Mel Jones
Mar 17, 2008
SellingRestaurants AGENCY RELATIONSHIP: SellingRestaurants represents Sellers. Anything the Buyer gives or tells the Agent, assume our Seller receives the same.
Click Here To Read More
UNDERSTANDING RETAIL LEASESWritten By: Unknown
May 21, 2008
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").
Click Here To Read More
Restaurant for Sale Google Search TeaserWritten By: Mel Jones
Apr 20, 2008
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.
Click Here To Read More
UNDERSTANDING RETAIL LEASESWritten By: Unknown Author
May 21, 2008
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").
Click Here To Read More
QUALIFY A BUYER BEFORE GETTING INTO CONTRACT!Written By: Mel Jones
May 23, 2008
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.
Click Here To Read More
HOW TO SECURE A BUSINESS LOANWritten By: Mel Jones
May 23, 2008
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.
Click Here To Read More
OPEN LISTINGS - SOUNDS GREAT UNTIL UNTIL YOU LOOK DEEPER!Written By: Mel Jones
Feb 3, 2012
"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..."
Click Here To Read More
|
