Comments on: Don’t Overlook Hidden Market of Sellers http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/ A Blog to Help People Buy the Right Business the Right Way Thu, 22 Jul 2010 23:39:13 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Bruce http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-376 Bruce Sat, 22 May 2010 02:51:56 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-376 Laura, like most restaurants (cocktail bars) upwards of 70% fail within the first 2 years. In that business one must really look after the pennies and be ruthless with staffing only to meet the existing demand. Another issue is often with the current owner in that they give lots of free drinks etc. to their friends. So essentially, you are paying for a brand and location which basically translates into good will. If you can see why its not profitable and you can value the good will, you may find a bargain that you can turn quickly to profitability. Laura, like most restaurants (cocktail bars) upwards of 70% fail within the first 2 years. In that business one must really look after the pennies and be ruthless with staffing only to meet the existing demand. Another issue is often with the current owner in that they give lots of free drinks etc. to their friends. So essentially, you are paying for a brand and location which basically translates into good will. If you can see why its not profitable and you can value the good will, you may find a bargain that you can turn quickly to profitability.

]]> By: Ray B http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-358 Ray B Tue, 11 May 2010 17:52:18 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-358 On and off over the last few years I have been contemplating starting my own business. I am particularly interested in opening or buying a wine shop/Martini Bar. I am giving myself about 3-5 years to understand the pros and cons of this business before diving in. I have searched online for information about the longevity/feasibility of this type of business endeavor with no success! I believe that the current economic conditions have created lots of opportunities to buy a small business and for this reason the next couple of years will be crucial... Where can I find more info about the wine business, particularly as it relates to wine shops/bars? Thanks, Ray On and off over the last few years I have been contemplating starting my own business. I am particularly interested in opening or buying a wine shop/Martini Bar. I am giving myself about 3-5 years to understand the pros and cons of this business before diving in. I have searched online for information about the longevity/feasibility of this type of business endeavor with no success! I believe that the current economic conditions have created lots of opportunities to buy a small business and for this reason the next couple of years will be crucial… Where can I find more info about the wine business, particularly as it relates to wine shops/bars?

Thanks,
Ray

]]> By: Business Buyer Advocate http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-117 Business Buyer Advocate Wed, 24 Feb 2010 19:44:20 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-117 Yes, Laura. Check out http://partneroncall.com/index.php?buying_a_business These Business Buyer Advocates ® have been around since the 1970s. Yes, Laura.
Check out http://partneroncall.com/index.php?buying_a_business
These Business Buyer Advocates ® have been around since the 1970s.

]]> By: Laura http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-116 Laura Wed, 24 Feb 2010 19:34:10 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-116 Is there such a thing as a "buyers' broker"? I want someone who I know is on my side who will help me find, analyze and negotiate for the right business for me. Is there such a thing as a “buyers’ broker”? I want someone who I know is on my side who will help me find, analyze and negotiate for the right business for me.

]]> By: Jason Hurlbut http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-46 Jason Hurlbut Mon, 14 Dec 2009 17:07:43 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-46 Laura, like most restaurants (cocktail bars) upwards of 70% fail within the first 2 years. In that business one must really look after the pennies and be ruthless with staffing only to meet the existing demand. Another issue is often with the current owner in that they give lots of free drinks etc. to their friends. So essentially, you are paying for a brand and location which basically translates into good will. If you can see why its not profitable and you can value the good will, you may find a bargain that you can turn quickly to profitability. Laura, like most restaurants (cocktail bars) upwards of 70% fail within the first 2 years. In that business one must really look after the pennies and be ruthless with staffing only to meet the existing demand. Another issue is often with the current owner in that they give lots of free drinks etc. to their friends. So essentially, you are paying for a brand and location which basically translates into good will. If you can see why its not profitable and you can value the good will, you may find a bargain that you can turn quickly to profitability.

]]> By: Lara Green http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-42 Lara Green Sun, 06 Dec 2009 05:52:05 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-42 My husband and I have been looking to buy a cocktail bar - but so many we've seen are losing money (at least on paper!) Why should we pay turnkey money for a business that's not profitable? If we're not fortunate enough to find the hidden market of for-sale-by-owners, what's the next best alternative? Leasing a space that used to be a bar and transferring a liquor license? Any suggestions? My husband and I have been looking to buy a cocktail bar – but so many we’ve seen are losing money (at least on paper!) Why should we pay turnkey money for a business that’s not profitable? If we’re not fortunate enough to find the hidden market of for-sale-by-owners, what’s the next best alternative? Leasing a space that used to be a bar and transferring a liquor license? Any suggestions?

]]> By: Jean-Marie Nkuranga http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-38 Jean-Marie Nkuranga Fri, 20 Nov 2009 21:10:15 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-38 This is good information. I am still learning about how to run a business. I am tired of working for someone else. Partner on call sound like a good starting point. This is good information. I am still learning about how to run a business. I am tired of working for someone else. Partner on call sound like a good starting point.

]]> By: Business Buyer Advocate http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-30 Business Buyer Advocate Tue, 10 Nov 2009 16:52:17 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-30 A timely article you can use. It shows under- and unemployed people why theyshould buy a business. "Life on Severance: Comfort, Then Crisis" From: front page, Wall Street Journal | November 10, 2009 "Unemployed Americans who have used severance pay and savings to maintain their lifestyles are still out of work, and running out of funds." http://online.wsj.com/article/SB125780714976639687.html?mod=WSJ_hpp_sections_news But it does not have to be as bad as it appears in the article. Turns out that many of the people who qualify for a severance package have the ability to manage a small or midsize business. My advice to them is this: Don’t squander your severance package. Buy a fairly priced mature profitable small business. People with sufficient cash for a down payment on a business purchase can control when they restart their income and then control their financial security . . . if they buy the right business the right way. Info: http://partneroncall.com/index.php?buying_a_business A timely article you can use. It shows under- and unemployed people why theyshould buy a business.

“Life on Severance: Comfort, Then Crisis”
From: front page, Wall Street Journal | November 10, 2009
“Unemployed Americans who have used severance pay and savings to maintain their lifestyles are still out of work, and running out of funds.”

http://online.wsj.com/article/SB125780714976639687.html?mod=WSJ_hpp_sections_news

But it does not have to be as bad as it appears in the article.

Turns out that many of the people who qualify for a severance package have the ability to manage a small or midsize business. My advice to them is this:

Don’t squander your severance package. Buy a fairly priced mature profitable small business.

People with sufficient cash for a down payment on a business purchase can control when they restart their income and then control their financial security . . . if they buy the right business the right way.

Info: http://partneroncall.com/index.php?buying_a_business

]]> By: John Martinka http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-16 John Martinka Fri, 30 Oct 2009 19:31:41 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-16 BJ, I would be glad to communicate with you directly on how to find a distribution company. You can reach me at 425-576-1814 or john@johnmartinka.com. I can then send you some information that will help. BJ, I would be glad to communicate with you directly on how to find a distribution company. You can reach me at 425-576-1814 or john@johnmartinka.com. I can then send you some information that will help.

]]> By: BJ http://www.businessbuyeradvocate.com/2009/10/don%e2%80%99t-overlook-hidden-market-of-sellers/comment-page-1/#comment-15 BJ Thu, 29 Oct 2009 19:08:47 +0000 http://www.businessbuyeradvocate.com/?p=16#comment-15 I am looking for a distribution company of industrial components and consumer goods to buy. Any suggestions as where to find them? I am looking for a distribution company of industrial components and consumer goods to buy. Any suggestions as where to find them?

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