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Are Starter Coin Laundries a Good Investment?

Are Starter Coin Laundries a Good Investment?

What does the term ‘starter’ coin laundry mean when you see an advertisement of a coin laundry business for sale?  The sellers and brokers who advertise those businesses for sale want it to sound like a small, safe, simple, easy to run investment that involves less invested money put at risk.  However, the truth is that smaller coin laundry businesses don’t have the economy of scale to outsource work.  Meaning, you will have to be … Read entire article »

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Business Valuation & Negotiation Lessons from Shark Tank Breathometer, EmergenSee, HoneyFund, Oilerie, Beatbox Beverages

Business Valuation & Negotiation Lessons from Shark Tank Breathometer, EmergenSee, HoneyFund, Oilerie, Beatbox Beverages

Getting a second update segment on Shark Tank is Charles Michael Yim, who successfully pitched Breathometer to the Sharks and got a deal from pretty much every shark on the panel.  If you don’t remember what Breathometer is, well, it’s a device that tests the Blood Alcohol Level of a person with the help of a smartphone.  The Breathometer unit plugs into the headphone … Read entire article »

Are you the right fit for a particular franchise you meet at the West Coast Franchise Expo in Anaheim

Are you the right fit for a particular franchise you meet at the West Coast Franchise Expo in Anaheim

Franchise expos, such as the West Coast Franchise Expo, are a great place to check out a bunch of franchises and see which ones you think are good businesses.  Some franchisor exhibitors bring key staff you can meet, such as the founder or the current CEO.  These are important people to meet, so you can get a feel for their … Read entire article »

Business Valuation & Negotiation Lessons from Shark Tank Sun-staches, Jungle JumpaRoom Red Dress Boutique, The Caddy Girls

Business Valuation & Negotiation Lessons from Shark Tank Sun-staches, Jungle JumpaRoom Red Dress Boutique, The Caddy Girls

Pitching the Shark Tank some costume fun are a trip from Los Angeles with a business called Sun-staches.  Sun-staches are whimsical costume sunglasses that feature some clever designs, such as goofy eyes, pirate faces, and many varieties of fake mustaches.  Dan Gerson, David Levich, and Eric Liberman are the co-creators of Sun-staches.  Sun-staches are available in brick and mortar and … Read entire article »

California Contractor’s License for Sale Classifications A-General Engineering & B-General Builder and more

California Contractor’s License for Sale Classifications A-General Engineering & B-General Builder and more

A new California Contractor’s license for sale that is current and active is available for purchase.  This is a corporate license, so the holding corporation of this contractor license for sale is ready for immediate sale via a stock sale transfer, which can be verified during Due Diligence.  This means that a purchaser of this corporation and license can bid … Read entire article »

H.R. – Human Resource Questions for Small & Medium Sized businesses in regards to on going operations and Exit Strategy Planning

H.R. – Human Resource Questions for Small & Medium Sized businesses in regards to on going operations and Exit Strategy Planning

Tami Wiersma, PHR, the President at QCHR, Inc. based in Brea, California is kind enough to answer common questions that business owners have when it comes to H.R. issues with operating their business.  QCHR, Inc. is a full service Human Resources Consulting firm in Brea, CA. Q: The employee handbook has not been updated in a while, how often should it … Read entire article »

Ramification of Depreciation Expense and Schedule in the Sale of a Business

Ramification of Depreciation Expense and Schedule in the Sale of a Business

There are many reasons a profitable business doesn’t show as much profit on the tax returns as the business actually generates, one of those reasons that will be highlighted here is depreciation. Depreciation is a ‘non-cash’ expense recorded on a tax return that reduces the taxable profit of a business.  Depreciation is a write off associated with the capital expenditure on … Read entire article »

Credit Card Processing FAQs, Navigating Tiered Rates, Long Term Contracts, Equipment Leases and more

Credit Card Processing FAQs, Navigating Tiered Rates, Long Term Contracts, Equipment Leases and more

Choosing a credit card processing company can be a tricky process for a new business, and even trickier to switch credit card processing companies for an existing business.  There are a lot things to consider, which can end up being very confusing, which can lead to expensive mistakes.  Stephen Ronnow, Merchant Services Consultant & Broker, is a veteran of the merchant services … Read entire article »

Is your short lease term affecting the sale of your business

Is your short lease term affecting the sale of your business

If you are planning on retiring or leaving your business soon, having just a short time remaining on your lease can give you a feeling of freedom, since you see the light at the end of tunnel.  However, what about selling your business to a buyer?  Will having very little lease term remaining be an issue?  Yes, in most situations … Read entire article »

What to Negotiate in your Commercial Lease BEFORE you open your business

What to Negotiate in your Commercial Lease BEFORE you open your business

The success of a business depends on many factors, including the terms of the premises lease.  This post is a discussion of seven of the many important items to negotiate in a business lease before signing it and opening the doors for your business. The Lease Rate Below Fair Market Lease Rate If you are able to negotiate a below fair market lease … Read entire article »

Using SBA 7(A) & SBA/CDC 504 loans for Working Capital, Equipment Financing, Real Estate Purchase, Debt Refinancing, Business Acquisition & More

Using SBA 7(A) & SBA/CDC 504 loans for Working Capital, Equipment Financing, Real Estate Purchase, Debt Refinancing, Business Acquisition & More

A lack of access to financing can be a major impediment to rapidly growing a business.  Qualifying for bank loans and financing is a tricky process.  SBA loans are often viewed as an easy to get loan, but it is important to make sure you understand what the loans are for, and even more important to figure out which banks … Read entire article »

Business Valuation & Negotiation Lessons from Shark Tank Baker’s Edge, Tie-Not, BZBox & Foot Fairy

Business Valuation & Negotiation Lessons from Shark Tank Baker’s Edge, Tie-Not, BZBox & Foot Fairy

Matthew Griffin & Emily Griffin enter the Shark Tank to pitch their business called Baker’s Edge.  The Griffins wanted to take baking to another level, so they created their first product which is a baking pan for brownies that is designed to maximize the ‘edge’ and ‘corner’ pieces in a rectangular pan.  As you can see in the image, the … Read entire article »

Business Valuation & Negotiation Lessons from Shark Tank Bon Affair Wine Spritzer, Oru folding Kayak, Cinnaholic and Cousin’s Maine Lobster update

Business Valuation & Negotiation Lessons from Shark Tank Bon Affair Wine Spritzer, Oru folding Kayak, Cinnaholic and Cousin’s Maine Lobster update

For those who like to drink wine but would like fewer calories, lower alcoholic content and less dehydration, there is a product being pitched on Shark Tank that fits the bill.  It’s called Bon Affair and it is a wine spritzer being pitched by Jayla Siciliano from hails from Solana Beach, California.  Siciliano enjoyed wine but found it hard to … Read entire article »

Business Valuation and Negotiation Lessons from Shark Tank featuring GrooveBook update, HangEase, Susty Party, Angellift & The Bouqs Co.

Business Valuation and Negotiation Lessons from Shark Tank featuring GrooveBook update, HangEase, Susty Party, Angellift & The Bouqs Co.

Eco friendly products and business are getting more and more attention as consumer awareness of sustainability.  Pitching the Shark Tank a sustainable party supplies business are Jessica Holsey and Emily Doubilet from Brooklyn, New York.  Holsey & Doubilet call their business Susty Party.  They were inspired to create Susty Party after attending countless parties that used disposable products that were … Read entire article »

Pet Grooming Business For Sale in Los Angeles County

Pet Grooming Business For Sale in Los Angeles County

Established pet grooming business for sale in La Mirada, California in Los Angeles County near the border of Orange County. This pet grooming business has been established since 2010. Business is owner operated, and for sale due to serious health issue. Facility is located in large shopping center that features franchise businesses and is anchored by a big box grocery … Read entire article »

Business Valuation & Negotiation Lessons from Shark Tank Mo’s Bows, Rugged Maniacs, Crio Bru, Cerebral Success, Marz Sprays

Business Valuation & Negotiation Lessons from Shark Tank Mo’s Bows, Rugged Maniacs, Crio Bru, Cerebral Success, Marz Sprays

Getting pitched on Shark Tank is a supplement business called Cerebral Success. The entrepreneur behind Cerebral Success is Trevor Hiltbrand, who hails from Provo, Utah. Hiltbrand created Cerebral Success to help him with college. He wanted to be able to maintain clarity and focus while studying, and he wanted to stay away from abusing prescription drugs. So, he created his … Read entire article »

Difference Between Goodwill & Blue Sky in regards to business valuations

Difference Between Goodwill & Blue Sky in regards to business valuations

The terms Goodwill and Blue Sky are often used interchangeably. A primary reasons for this is that it is assumed that they are the same thing.  For practical purposes, in regards to business valuations, there is a distinction between the two terms. Goodwill: Let’s start with Goodwill.  A conventional definition of Goodwill would be the amount of money paid for an on-going business … Read entire article »

Business Valuation & Negotiation Lessons from Shark Tank Fort Magic, Ilumi, Wine Doctor, Zoobean & Breathometer

Business Valuation & Negotiation Lessons from Shark Tank Fort Magic, Ilumi, Wine Doctor, Zoobean & Breathometer

Wine related products have been a popular item to see pitched on the Shark Tank.  Chase Hoyt from Los Angeles, pitches his wine accessory called the Wine Doctor to the Sharks.  Wine Doctor is a prodcut that can be used to preserve open bottles of wine.  But, Wine Doctor can also be used to preserve other products such as Olive … Read entire article »

Business Lessons from Shark Tank Power Pot, Ava the Elephant, Quick Stop Fire Sprinkler Tools, Fun Time Express Electric Trains, Taylor Robinson Music

Business Lessons from Shark Tank Power Pot, Ava the Elephant, Quick Stop Fire Sprinkler Tools, Fun Time Express Electric Trains, Taylor Robinson Music

Is it possible to generate electricity using fire and water simultaneously to charge a portable electronic device? Yes, it is thanks to Power Pot. The creators of Power Pot are Caleb Light and David Toledo who run the business from Salt Lake City, Utah. Power Pots are a portable kit that can be used to heat water used to prepare … Read entire article »

Business Lessons from Shark Tank Happy Feet Womens Shape Wear Velocity Signs Bean Bag Beds & Lord Nut Levington’s Flavored Peanuts

Business Lessons from Shark Tank Happy Feet Womens Shape Wear Velocity Signs Bean Bag Beds & Lord Nut Levington’s Flavored Peanuts

Pitching the Shark Tank on his flavored peanut snack business is Sanjiv Patel from Dallas Texas by way of London Texas.  The business is called Lord Nut’s peanuts and sports an irreverent ‘mascot’ in Lord Levington.  Lord Nut peanuts come in six flavors, and are available online and in stores.  Sanjiv Patel was a part of the management team that … Read entire article »