About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, and business brokers. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
Contact Me
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Contact me by phone
at 866-270-6278 |
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Disclaimer
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Opinions expressed on this site do not necessarily represent those of BizBen. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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9/10/08
Pet Option Franchise Possibilities For Franchise Buyers
Over the last ten years or so, the number of pet related “box-store” retail and franchise businesses has exploded. Not only have industry earnings estimates improved every year for the last decade in the pet related industry, but new pet related businesses and concepts continue to turn up everyday.
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9/6/08
Resourcefulness A Great Characteristic In A Franchise
When examining franchise opportunities to purchase, one helpful trend to look for in any franchise concept is how well the franchise adapts to any form of change. With this in mind, at no time are innovative franchise actions more significant than during economic slowdowns. Following are some examples of situations where franchises have found continued success through some inventive and inspired means/relationships.
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9/6/08
Calling All Brokers & Agents: Meineke Franchise Open Houses
Meineke Car Care Centers and Econo Lube N’ Tune will be holding open houses at existing businesses for sale in Fresno, Modesto and Sacramento during the week of 9/8. We are offering a special incentive to brokers who have candidates interested in buying an automotive business. Any broker who attends one of the open houses and subsequently closes a deal on the store will receive a $15,000 referral fee. Existing Meineke/Econo Lube candidates not included.
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9/4/08
Business Opportunities vs. Franchises: What's Right For You?
While browsing over the various franchise opportunities that exist today, you might come across a number of “business opportunities” being offered as well. In order to find out what type of opportunity is right for you (biz opp. vs. franchise), let’s take a moment and examine four primary areas of difference between business opportunities and franchises in order to understand each more completely.
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9/3/08
Learning from Franchisee Mistakes and Grumblings
Franchisees are indeed some of the most valuable resources of information when you are considering a franchise for purchase. Moreover, some of the best information you can discover as a potential franchisee might be to ask past/current franchisees just what they would do differently if they were able to purchase their individual franchise investment over again.
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8/27/08
Valuable Resources of Franchise(e) Information
When researching (franchise concepts to purchase there exist many resources of valuable information that you can turn to. This article contains few such sources of what can ultimately be priceless franchise information for you to behold in your franchise search.
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8/18/08
What Is Involved In Selling A Franchised Business?
When buying a small business franchise in California, most people focus on the rules and their rights to operate their companies, and don't give much thought to the provisions of the franchise agreement that will become pertinent when they go to sell. Before purchasing a franchise, it's a good idea to know what will be involved, either a few, or several years from now, when it's time to retire or move on to another business. Here are some of the parts of the franchise agreement that pertain to sale of the franchise, and should be understood.
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6/19/08
Sport Clips Franchise Open House In Morgan Hill - June 28th
Grand Opening of our first Sport Clips store in the San Francisco Bay Area June 28th. ½ off haircuts all day and from 1pm to 5pm meet the Oakland Raiderettes. They will be there signing autographs. If you are interested in our franchise opportunity you can meet our local franchisees and Area Developer who will be available to answer questions.
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5/7/08
What Makes Franchises So Successful?
Franchised businesses are more than twice as likely to still be in business after 5 years than non-franchised businesses. This is a compelling reason for any aspiring entrepreneur to consider buying a franchise.
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4/29/08
What is a Franchise UFOC?
The Uniform Franchise Offering Circular (UFOC) is a comprehensive document every franchisor is required to process and keep current. The FTC requires franchisors to give the UFOC to prospects that want to purchase a franchise from the franchisor.
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4/24/08
Why an Internet Franchise May be Right for You
You may not want the drawbacks associated with a traditional brick and mortar business, which includes employees, office space, lots of overhead, and more. If that’s the case, then an internet franchise may be perfect for you.
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4/15/08
Selling A Franchise? Keep The Franchisor Involved!
If you own a franchise and are ready to sell, do not forget about the franchisor because they are an important part of selling your business. Joe Robertson with California Business Brokers discusses key points about this issue.
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10/29/07
Franchise Wireless Toyz Offering Franchise Seminar
You'll hear about what is takes to own and operate a wireless retailer, how you can represent the biggest name in brands in the wireless industry, what are the costs of ownership and how being part of a nationwide wireless retailer is the best avenue to get into this fast growing industry.
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9/24/07
Franchising Tip: Check Legal History Of Franchisors
Todays Franchising Tip: Check Legal History Of Franchisors - Most franchisors have agreements about your legal rights as a franchisee. BizBen viewers rated a liquor store listing, a preschool with real estate company, and a cafe busienss as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
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8/6/07
Franchising Tip: Franshisor To Competitor
Todays Franchising Tip: Franshisor To Competitor - When a franchise location starts to become successful, a franchisor may want to move in and stake claim. BizBen viewers rated a postal service company, a market opportunity, and an auto repair service listing as some of the more popular California business opportunities and franchises for sale that were listed yesterday by small business owners, agents, and business brokers on BizBen.com.
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7/31/07
Buy Franchise Tip: Every Franchise Has Problems
Todays Buy Franchise Tip: Every Franchise Has Problems - Even large franchisors like McDonalds have bought back or assumed control of underperforming franchises. BizBen viewers rated a tent liner rental company, a tire franchise listing, and a mobil coffee business as some of the more popular California business and franchise opportunities for sale that were added yesterday on BizBen.com by business brokers, agents, and owners of small businesses.
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7/19/07
Franchises For Sale Tip: Check The Credit History
Todays Franchises For Sale Tip: Check The Credit History On The Franchisee - Get a Dun & Bradstreet credit report on the franchise business. BizBen viewers rated a Curves franchise company, a furniture store listing, and a fast food franchise business as some of the more popular California franchises and businesses for sale on BizBen.com
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5/9/07
City Publications Franchises Available In SF Bay Area
City Publications a national franchise is now expanding into the San Francisco Bay Area. They provide a direct mail program that is ideal for buyers of small businesses looking for guidance, training, and a protected program.
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4/3/07
Glamour Secrets Franchises Coming To Southern California
Glamour Secrets a beauty supply franchise with over 75 stores in North America is coming to Southern California and has 10 stores available. Doug Castino who is a Southern California franchise developer is coordinating the sales of these unique franchises.
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2/27/07
California Franchises - What you Must Know
Did you know that California is the #1 state for franchising? Prosper Magazine is a lifestyle business magazine based in Sacramento. They recently published an article on franchising that is very well done.
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2/16/07
California Franchises Make FTC List
The Federal Trade Commission (FTC) just published a guide on avoiding fraud in business opportunities ads. California has more franchises than any other state in the nation. A list of California franchises investigated by the state.
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2/9/07
Franchise Owners Take Quiznos to Court
It's buyer beware when buying a franchise as a recent Business Week article illustrates. Troubled Quiznos owner Bhupinder "Bob" Baber killed himself in early November. He formed an association to handle complaints like his. Many other franchise chains now have independent associations.
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1/31/07
Franchise Opportunity Tops Businesses Sold in California
Franchise opportunity sells for 98% of asking price. A meal prep franchise sold last week with help from Joan Young, a business broker at Sunbelt Business brokers. Following the story there is a list of businesses sold recently in California.
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1/7/07
Franchises for Sale Tip: Have A Professional Business Valuation Performed Before Selling A Business
Franchises for Sale Tip: Have a professional business valuation performed before you sell your business - Getting a 3rd party professional business appraisal/valuation is important and critical for the process. BizBen viewers rated a Sprint/Nextel store opportunigy, a dry cleaning agency business, and a franchise sandwich company as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
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9/11/06
Business Buyers Should Qualify Business Sellers Also
Business sellers selling a small to mid-size business sometimes pull out of a deal for various reasons. Business buyers need to know the signs a seller may be thinking of of not selling or pulling the deal off the market entirely.
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8/25/06
Selling Off Clients - Not A Great Franchise Businesses For Sale Strategy
When selling an established franchise business selling a book of business is sometimes the worst thing you can do if you trying to maximize the selling price. This example shows how a small business owner could have gotten a lot more cash if he would have sold the entire franchise.
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