Carpet Cleaning Business, 25 years / SOLD

The seller started this Carpet Cleaning business in 1991. All of the business is referral business. The business currently offers carpet cleaning, tile (porcelain ceramic), upholstery cleaning and area rug cleaning. The current owner has dedicated the business to incredible service and truly transcendent cleaning. The current owner has one van (which is usually parked at his home when not in use) and equipment, which will be sold with the business. The seller currently does not do any advertising. This is a great starter business for someone starting out with energy to grow or an acquisition for a carpet cleaning company that would like to add an existing customer base and vehicle to their fleet.

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Private Gym Fitness Center $1,650,000

Asking: $1,650,000
Gross Income: $1,254,700
Cash Flow: $426,300
FF&E: $200,000
Year Established: 2011
Employees: 9pt

The business for sale is a private fitness facility that boasts over 11,000 square feet and features changing rooms that have showers and saunas for members to use. Weight areas feature Hammer Strength Equipment to a full array of treadmills, steppers, ellipticals and exercise bikes. The fitness center for sale offers fitness classes including Boot Camp, Yoga, Zumba, Kickboxing and Indoor Cycling. Members are offered a variety of membership options as well as personal training.

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Hazardous Material Transportation Company $329,000 / SOLD

Asking: $329,000
Gross Income: $319,000
Cash Flow: $178,000
FF&E: $33,000
Year Established: 1999
Employees: 2

Business Broker LA. For sale is a Hazardous Transportation Company. The company is based in the Valley and ran from home, but services basically the entire state of California with most of its business in LA and OC. Current owner is looking to retire. The company is ready for a new owner to jump in and take the reigns on this well run business.

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Frozen Yogurt Self Serve, Hand Dipped Chocolates – Orange County / SOLD

Gross Income: $326,000
Cash Flow: $67,000
FF&E: $110,000
Inventory: $0
Year Established: 2005

Employees: Owner operated and 5 employees
This business was opened by the current owners in 2009 and over the years has grown to be a favorite destination place for both locals and tourists. This is really two businesses under one roof. The business offers hand made chocolates with international favors and also self-serve yogurt with many different machines and flavors. The chocolate part of the business serves handmade chocolates selected from the best chocolate from around the world and every ingredient from Australian Apricots to German Gummy Bears are hand selected. Beautiful molds of chocolate are custom made for each holiday season such as Easter Bunnies and Santa Clauses all with distinctive designs. Boxes of chocolates can be packed in quantities from four pieces to larger boxes with each piece picked by the customer. Party favors are available with custom molded pieces made to order. They also sell distinctive hand selected cards and gifts that are perfect additions for a chocolate gift box.
A variety of frozen yogurt flavors is available, all dispensed from self serve machines. A large assortment of dry and fruit toppings are offered, plus hand made waffle cones. Another popular item offered here is Hawaiian shave ice, with any different flavors available. Additional revenue comes from custom gift baskets that are made on the premises. These baskets are sold for variety of occasions such as birthdays, weddings, anniversaries, graduations, Mother’s and Father’s Day, Christmas, and many more.

The business is located on the main street of a very busy tourist area. The business is also surrounded by an upscale residential community. Residents of the community are regular customers all year long. The business is fully staffed with knowledgable and customer oriented employees. One owner works approximately 35 hours per week. The other owner is absentee and does not work in the business.

The business is being sold due to a partnership dispute. Inventory, equipment, company website, and training are all included in the purchase price.

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Mailbox and Shipping store in West Los Angeles / SOLD

Asking: $85,000
Gross Income: 250,000
Cash Flow: $41,000
FF&E: $2,000
Inventory: $3,000
Year Established: 2008
Employees: 1 part time

This Business for sale is a part time owner operated mailbox and shipping store is located in a great, accessible location in the West Los Angeles area. This is a non-franchise with a grandfathered UPS account. The business ships UPS, FedEx, DHL and USPS. They provide copy, print, live scan and rental mailbox services. The business has been operation for over 20 years with over 10 yeas under the current owner. Cash flow of $52,000 as part time owner operator. Owner only works 4 hours a day Mon – Fri. The owner does not market and solely relies on walk-ins and repeat customers. There is a large potential for increased revenues. Business Broker

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Home based Traveler Transportation Company for sale / SOLD

Gross Income: $266,000
Cash Flow: $74,000
FF&E: $29,000
Inventory: N/A
Year Established: 2011
Employees: 2 full time IC’s 9 part time IC’s

Transportation Company that serves the Los Angeles and Southern California region. The business currently offers transportation for travelers and tourists on a budget between hostels, cities and tourist attractions every month. With significant growth in customers year over year, the business has created an excellent reputation and is now poised and ready to expand. The business is operated remotely form home and also has a small-shared office space, which acts as its corporate office and includes parking for the vehicles. This business is priced to sell quickly as owner has to move out of country for another opportunity by November.

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Language School and ESL in Affluent City $170,000 / SOLD

Asking: $170,000
Gross Income: $348,000
Cash Flow: $84,000
FF&E: $10,000
Inventory: $30,000 Not Included
Year Established: 2005
Employees: 1 full time 30 IC’s

This language learning center is one of the top schools in the Los Angeles Area for learning over 30 languages. Taught by native speakers, the small group and individual classes are perfect to start learning a new language. The company’s main goal is to guide students through their language learning experience and to provide them with the tools to communicate in the language of their choice. The classes are affordable so basically anyone can afford to learn a new language. Students range from children to adults. The school also offers ESL programs as well. The school’s teachers are experienced native speakers who are enthusiastic about teaching their language and are willing to share their culture.

The current owner has been very successful with the business for many years and is now planning on moving out of the country with his wife. He would like to hand off the business to someone that can have the same success.

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Mini Market in Long Beach $40,000 / SOLD

For sale is a Mini Mart located on a highly populated, very dense area in Long Beach, CA. The mini mart opened in 2009. The mart carries a wide variety of snacks, soft drinks, candy household supplies and accessories. The store has an ATM and vending gaming machine. This is a great opportunity for someone to step right into the business and keep the ball rolling to grow the business. There is potential for more business by offering EBT services. The inventory is included in this sale.

This Mini Mart serves the local neighborhood where it is located. Because the business is located on a major thoroughfare, they see plenty of customers that live out of the area but stop in because the store is on their commute. There is also an elementary school across the street and the business flourishes from afterschool business.

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Business Purchase Financing , what you Need To Know To Get Approved

Great article from Peter Seigal at Bizben

For those of you looking to buy a small business, there is good news on the lending front. More lenders are coming back into the market for business purchase financing. After years of being very selective about what they were financing, I am seeing many lenders who are more open to financing projects they would not have in the past few years. For example, many lenders were staying away from awarding larger amounts of financing, say $1 million or more. Today that is changing.

I am also seeing more non-SBA lenders who are financing business purchases. These tend to be individual investors that pool money, credit unions and small niche financial institutions. As in most improving economies banks and other financial institutions tend to be more receptive and that is exactly what I’ve been seeing as my clients go secure a business loan. However, just because conditions are improving doesn’t mean that securing business purchase financing will be attainable for everyone. Lenders are still being strict about who they are lending to and how much. Despite an improved outlook, lenders still want to make sure their loan gets repaid and for that, you need to be prepared! Before trying to get a loan this year, here are 3 things you need to know.

#1 – Learn About Your Options

As we’ve seen in previous years, getting a business purchase loan is no longer a matter of just walking into a lending institution and walking out with an approval. Many business buyers have had to get creative in terms of where they secure financing from and that will be no different in the upcoming year. As a business buyer, I suggest you learn more about your options and really evaluate what kind of capital you have access to before you approach a traditional lender for funding. While lenders are lending again, many people have less than perfect credit from the recession and as a result have a difficult time qualifying for traditional financing. Being prepared with alternative funding sources is always a good idea regardless of your credit.

Crowd funding, borrowing from retirement and borrowing from friends and family have all become popular alternatives to traditional financing. I have also seen other Entrepreneurs opt to take on short term partners that can help them finance their business transactions but be bought out at later time. Also home values are on the rise so many buyers are using their home equity toward financing a business purchase. Depending on your situation, your home equity may not be enough to finance the entire deal but it could provide a nice down payment. Know your options!

#2 – Explore Seller Financing Options

Today, there are a lot of sellers that are willing to extend financing to the right buyer. In fact, many lenders now require that the seller be a part of the financing mix. It proves to the lender that the seller truly believes the buyer has what it takes to buy and run the business successfully. To a lender, this ultimately means they will get their money back.

There are a few things you should know about seller financing. One, you will probably pay more for the business. When a seller offers financing options they are taking a risk, so that risk comes with a price tag. Two, you need to be prepared to prove you are capable of running the business. Be prepared to write a business plan and to explain why you are going to be successful, it’s part of the process.

As you can see, there are many options to explore when it comes to securing financing. As a buyer, it’s your responsible to learn about each and determine which may be the best fit for your situation. Going to the right financing source is half the battle when it comes to getting approved.

#3 Prepare, Prepare, Prepare

I can’t stress this enough. Preparation is critical. Buyers need to get information before they make an offer and get too involved in the sale. I suggest you get professionally pre-approved for financing and work with someone who understands how deals are structured to start you off in the right direction.

Buyers also need to be realistic about what it really means to buy a business. For starters, they need to be realistic about what they can afford. Don’t try to buy a business that costs millions of dollars when you have no money to contribute to the sale. Start smaller and work up to that. Next, buyers need to know their limitations when it comes to the business itself. A buyer will be asked about their previous work experience, credit score, current salary if they are working, annual living expenses, outside sources of income, etc. so be prepared to share information in order to complete the transaction.

Lastly, understand that business purchase financing is a specialized form of financing. With that, getting approved really comes down to going to the right person at the right financial institution. Making that type of connection doesn’t come without preparation and it typically doesn’t come without the support of a specialty advisor in business purchase financing, so choose a good advisor/team to help you through this process.

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Popular Bar & Grill, San Gabriel Valley, 47 License / $185,000 SOLD

Asking $300,000
Revenue $365,000

The current owner purchased the business in late 2013. The owner spent close to $300,000 re-habilitating and re-establishing this location, which has been a Bar and Grill for over 30 Years. The restaurant performed very well in 2014 with gross sales of $565,000. Customer base is local residents. The bar has a loyal, older crowd that has been coming into the area for years. They tend to stick to daytime and early evening. Younger clientele are late night patrons. The restaurant gets busy after 10 pm. Kareoke appeals to customers of all ages, and they are loyal to Kareoke. They make their rounds to local establishments on given nights. The darts and two pool tables are very popular and bring daily regular patrons to them. The kitchen is fully equipped with a hood, stove, prep tables, refrigerators etc. Business Broker Los Angeles. The bar boasts a large walk-in with bottle display.

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Restaurant for Sale
Bar And Grill for Sale

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