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Sunbelt Pasadena November 2017 Newsletter




 
Sunbelt Business Brokers Pasadena 
Look for our Sunbelt Advisor each month full of Business Tips 

 

One company recently approached me to do a business valuation.  They have been around for approximately 20 years, have never had a valuation completed for their business.  They gave me 2 reasons for the assignment:  (1) the owners are nearing retirement age and (2) a business broker told them someone may be interested in buying their business.

Business owners should not let too many years pass before getting a business valuation. Such a valuation can serve several purposes but the 2 below rank at the top:

  1. Use as a planning tool for the business - The analysis inherent in a business valuation could reveal the strengths and weaknesses of the business, not only financial but also operationally.
  2. Use as a planning tool for the financial welfare of the owner(s) - The value placed on the business can help determine if it will provide sufficient retirement resources.For many small business owners, their business is often their sole financial support and their major source of retirement funds.  The earlier the business owner understands how their business is valued and what the current value is for their business, the more prepared they will be for the future. 

Fortunately, today, it is not necessary for business owners to pay thousands of dollars for a Business Valuation.  If the valuation will only be used for the purposes of determining the probable selling price for the business in today’s market- not for other purposes such as tax audits, divorce proceedings, partnership fights- then a Business Broker’s Opinion of Value should suffice; thus, the service can be quite affordable.


Angelica Michail
August 2017
 
 
Sold:

Acupuncture Practice: Sold on 7/27/17
- Sunbelt Pasadena is proud to announce the recent sale of an acupuncture practice located in Central Pasadena. 
 

Featured Listings:
 
 
Bedding & Bath Retail Chain with Patents- S. California
        -  Asking Price:  $1,600,000
Turnkey Dental Laboratory 
        -  Asking Price:  $550,000
CNC Machine Part Manufacturing Company 
        -  Asking Price:  $400,000  
Exceptional Custom Picture Framers 
  -  Asking Price:  $155,500
Fleet Auto Hauling Trucking Company
  -  Asking Price:  $750,000 
Dental Laboratory- Well Established 
  -  Asking Price:  $249,000
2 Mobile Food Trucks with Fantastic Reputation 
  -  Asking Price:  $150,000  
Kitchen Bath Design & Remodel
  -  Asking Price: $249,999
 

Click here for our current listings on our website.
 
 
As the largest business brokerage in the world, no other firm matches the vast experience of the Sunbelt business broker network. Each edition, The Advisor will bring you our expert insights on buying, selling and growing businesses. We'll keep it short, sweet and impactful - no junk. And when you are ready to take that next step in buying or selling a business, we hope you'll think of us and visit www.sunbeltnetwork.com to locate the Sunbelt professional nearest you.
5 Must-Ask Questions Before You Buy an Italian Restaurant
Mamma Mia! Buying an existing Italian restaurant can be a delicious yet stressful endeavor. Luckily, Sunbelt Business Brokers is here to help with the 5 questions you must ask before you buy an Italian restaurant.
 
Click here to read Sunbelt Business Brokers’ latest buyer blog and determine if the Italian restaurant business is right for you.
 
How to Sell an Auto Repair Shop for the Best Price
The popularity of bakeries is on the rise due to fun new twists on old classics and the everlasting love of freshly-baked goods. To learn what you need to do to begin selling your favorite recipes from your very own bakery, read these tips from Sunbelt Business Brokers!
 
Learn the in's and out's of the bakery business, and why buying a bakery with Sunbelt will lead you to the recipe for success in our latest blog here!
 
Click Here to Read Article 

Licensee Alert 

"Disciplinary Warning to Real Estate Salespersons Who Act, Conduct Themselves, and/or Advertise as 'Independent' Real Estate Professionals -- and a Simultaneous Caution to Brokers Who Allow or Support Such Practices" 
Networking and Professional Groups

Provisors
International Business Brokers Association, Inc.
California Association of Business Brokers
City of Industry Chamber of Commerce
TEAM Referral Network
Soroptimist International
Toastmasters International
M&A Source
 
Angelica Michail, MBA, CBB, CBI, CFC, CVB, CVA
Sunbelt Business Brokers Pasadena
626-395-0717
www.sunbeltpasadena.com
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Sunbelt Business Brokers Pasadena
99 S. Lake Avenue, Suite 201, Pasadena, CA 91101
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