“Caspar Creek Farm”: Secluded, yet convenient to Mendocino or Fort Bragg with ocean view and breath taking sunsets from the property. A world class workshop designed by Verdier architects with radiant in-floor heat, glass doors, sky lights, and full bath, perfect for an artist to live and work in. One of the last large parcels, […]
Holidays in Mendocino are wonderful this year. The rain has come early and hard. They are saying 10 inches this weekend! So be ready friends. Mendocino Property sales are moving up this month. North Coast Land has many businesses for sale at really good prices. Have you ever thought of working for yourself? You can get so much more than just get a paycheck. Well, now is the time to buy. Make it a present to yourself and family to own one of these wonderful, fun businesses.
Making the transition from worker bee to small business owner involves a great deal of time, effort, money, and personal commitment. It is not a decision to be made hastily nor taken lightly. There are certain questions you need to ask and certain elements to consider, with every step along the way a potential pitfall. How successful you become—both personally and financially—will depend in great part on how prepared you are at the beginning of the journey. Here are some of the most vital questions to consider.
What Type of Business Should I Own?
Your knowledge, business experience, temperament, personal interests, and comfort level in a particular field all contribute deciding on which industry you should consider. If you don’t like hanging around other people’s children, don’t start a daycare center. If you hate sitting in front of the computer all day long, perhaps a career as an IT consultant is not for you. If you have the same problems with the sun as does comedian Woody Allen – “I don’t tan, I stroke” – a landscaping business may not be your best option. Matching your abilities and interests to the industry you want to join is the first positive step to take.
Where Do I Get the Money?
It is the rare business these days that can be started with just pocket change. That said, you don’t have to be a multi-millionaire in order to become a first-time business buyer. Options abound for the enterprising soul, including buying a business from an owner who is willing to provide some or all of the financing. You can also consider a home equity loan, bringing in one or more partners—friends or relatives who might fulfill an active role in the business or else act as passive investors—or tap into your Roth I.R.A. fund, your 401(k) plan, or a pension account. In this area, creativity will rule the day.
Do I Buy a Franchise or an Existing Business?
After deciding on the field or industry and examining your financial capabilities (or limitations), the type of business worthy of your consideration will most likely fall into one of two basic categories. A franchise is a small business that is part of a larger corporation. Many of the big brand names out there—McDonald’s, Grease Monkey, Merry Maids, KinderCare, and so on—are actually individual franchises owned and operated by people just like you. In addition to having an instantly recognizable name, you will enjoy the backing of a multi-million or -billion dollar enterprise, along with regional or national marketing campaigns and many other benefits. But franchises rarely come cheap, and it is not unusual for a major industry name to cost you upwards of six figures just to open the doors for business. None of those safety nets are available to the person who buys an existing business, and polls have shown that franchise operations generally enjoy more success than their stand-alone counterparts. However, by buying a business directly from its owner, you may be able to negotiate a better price, talk to him or her into sticking around to show you how the business should be run, and even have the seller provide some or all of the financing on much better terms than you would find at the bank. Starting a business from scratch is a third path, but the prospects of failure—especially for a first-time business owner—are generally too high to make this a worthwhile option.
What Else Should I Know?
If you are focused on buying a franchise, make sure you examine every bit of material the parent company is compelled to provide. This is called the “due diligence” phase, a term that originated in the 1930s that referred to stockbrokers and how they were legally required to explain everything about a transaction to their clients. From the standpoint of a first-time business buyer, this would include statements on the financial health of the corporation, the level of success enjoyed by the average franchisee, what your exact costs will be and what they’re applied against, how much training you should expect to receive, and so on. If you’re buying an existing business, the owner will show you profit-and-loss statements going back five or more years, list every asset and liability the company has and owes, and lots more. You will also want to scope out the competition and obtain an independent analysis of the value of everything that is part of the sale, from the true worth of the building to what it would cost to replace that 20-year-old pizza oven. For this step in the process, you should rely on the know-how of experts—real estate appraisers, business brokers, accountants, attorneys, and bankers. Spending a few thousand dollars at this stage of the game can save you ten or hundreds of thousands on the back end.
Profitable Businesses for sale on the North Coast, Fort Bragg and Mendocino to Comptche
Treat yourself to a great life style in Mendocino, no more heavy traffic, beautiful fresh ocean air
Opportunity to be your own boss. be in charge of your life, great community in Fort Bragg and Mendocino
So many magical place to walk and bike you just be in the forest to the sea. Why start a business when you can buy one with a good track record?
call for the list of opportunity
Life is a Labyrinth–10+/- acre ridge top, south facing, open and wooded hillsides with unique and desirable home. Large master bedroom with private fireplace, 2nd story private office/retreat accessed by spiral staircase. Artist studio within home with high ceilings. Most of the wood milled from the site.
Includes a water tower, workshop/barn and lots of useable gentle hill top suitable for gardens, etc. World class labyrinth builder’s home for 30 years with numerous labyrinths.
It is estimated that over 70% of all California small businesses for sale that are put on the market by business owners, agents, and business brokers have a difficult time selling a business because they don’t utilize the proven advertising and marketing concepts outlined below.
Writing an effective ad to sell a small to mid-sized California business takes a little more time in the beginning but will pay off in the end – I hear it all day long on the phone from successful advertisers (business owners, agents, & brokers)!
If you are a business owner and having a business broker sell it for you make sure you select a business broker that understands these concepts. If you are a business owner selling a business by utilizing the information below, and utilizing my TIIC Method of selling a California business your chances of selling increases to over 90%.
When writing your ad to sell your business remember to utilize good grammar, spell all words correctly, and most important – put enough information in your ad so when qualified, potential business buyers phone you to inquire about your business they can move to the next steps in the buying process instead of asking you hundreds of questions!
Make it easy for potential business buyers to contact you. Be sure to include ALL phone numbers (including cell) and email addresses where potential buyers can reach you immediately. Make sure you call or email them back promptly (within 3 hours).
I have found that there are three very important items when advertising or marketing a California business for sale:
1. More text is better than less.
2. Writing detailed text is important (see info below).
3. High intensity exposure is critical for a quick sale – consider the BizBen Fast Track advertising program to maximize your ad’s message.
Make sure you input the city and county field (if confidentiality is not important) – in your BizBen ad – you will get triple the exposure on searches! Also if you know your businesses adjusted net income and revenue figures (asking price and down payment) include this info, don’t make buyers have to call you to get the information.
Hiding information and making the buyer call you to “try and sell them once you get them on the phone” is ridiculous – give them as much information up front – that way when potential buyers phone you, you’ll know they’ll be 80% pre-qualified based on the information you gave in your well crafted online ad.
Below is some example text that has been used successful in advertising businesses for sale in the past on BizBen.com:
the reason for selling is …, no experience necessary, seller Will train, seller training consists of, high visibility, located in great area, highly desirable area, lifestyle type business, profitable, high adjusted net income, adjusted net income is derived by …, successful, stable client list, Short hours, absentee owner, partial absentee owner, help run, well maintained, great neighborhood, real estate available, real estate included, great rent for area, long lease, lease is renewable, great visibility, increasing income, stable growth, great parking, safe area, excellent layout, perfect for owner/operator, perfect for family operation, high volume, computerized, years established is …, number of employees includes …, key manager in place, long time employees, management in place, little competition, busy street, ample parking, lifestyle business – work and play in this location …, profitable, can increase profits by, potential to grow by …, newer equipment, list of equipment available, great part-time business, no inventory or receivables, excellent tax advantages, recession resistant, plenty of parking, rent is …, rent includes …, lease expires …, owner is moving, owner is motivated, selling due to health reasons, hours of operation …, state of the art equipment, SBA loan prequalified, great books and records, package ready for due diligence, owner training, complete tax returns ready, high sales season coming, successful, turn-key
In the body of your ad, talk not only about the business but also about the geographic area the business is located in. Describe the school system, the growth patterns etc. If your business is located in a desirable area to live write about it, lifestyle businesses are hot now.
If your business has a stable, growing, or an impressive adjusted net income – that is a key selling point! Describe how you derived that annual adjusted net income – or what line items it includes from the financials and tax returns.
Remember buyers of small businesses are most interested in these items: location and specifics about the business, what the provable adjusted net income is, and opportunities for growth in the future. The more information you can give them about these items the higher probability you will get a better response to your ad on BizBen and sell your business.
Now go advertise your California business for sale and reach thousands of eager, motivated business buyers looking to buy your business!
One of the most exciting things about buying a business is that it allows you to take control of your own dreams and earnings. It also allows you to make an investment in something of your own choosing.
Most clients also want to get to the business of running their business rather than trying to manage an unfamiliar and complicated business purchase process. At North Coast Land, we help you avoid the common mistakes of the purchase process, stepping you through it expertly and accurately from start to finish. Our service is unmatched and is demonstrated by our many referrals and repeat clients.
We Make the Process Simple For You!
Finding a business that is right for you is imperative; it is important that your business match your skills, interests and goals. We have a substantial inventory of listings and have the capability to expand our search to include other opportunities and listings if needed. Call Vivian for a list of oppertunities
In addition to helping you find the right business, we can also direct you to the right lending agencies and help you understand the value of the business you would like to purchase. We will walk you through the process of obtaining the different types of licenses and permits you will need. We also interface with the title company and help you through the entire escrow process. We are with you every step of the way!
North Coast Land on the Mnedocino Coaast specializes in the sale, acquisitions and leasing of businesses including restaurants, cafes, bars, markets, liquor stores, auto repair and parts stores, florists, Gas stations,Markets and other established businesses. We also offer our consulting services in the area of business evaluations and ABC licensing services.
Our focus extends North Coast to the Anderson Valley Wine Country, with our highest concentration of work and listings on the Coast of Mendocino County.