I had over 100 inquiries and 32 nondisclosure packets from buyers. Less than half were qualified, because they didn't have financing, they lived too far from the business, or couldn't get credit
San Ramon, CA (PRWEB) December 20, 2006
Many buyers had their eye on this small business that specializes in shipping and moving boxes and supplies. Ebay sellers rely on this business for discount boxes and shipping services. Buyers also liked that the business had a high barrier to entry, excellent cash flow, and trade secrets. This helped make it one of the most popular on BizBen last week.
The challenge for broker Kobayashi was to market the business but at the same time keep the listing confidential. The business got four offers, including one that fell through just before closing. In the end the buyer got a small business loan through the SBA in just five weeks.
The shipping business sold for $445,000 and was on the market for seven months. "I had over 100 inquiries and 32 nondisclosure packets from buyers. Less than half were qualified, because they didn't have financing, they lived too far from the business, or couldn't get credit," said Kobaysahi. Kobaysahi used the BizBen Fast Track program to sell the business.
The Fast Track program helps business broker's business for sale listings sell quickly. The program boasts a 90% success rate and is the foundation of many broker's businesses. Fast Track ads are featured on BizBen's home page and are listed at the top of search results pages. The ad is also included in [daily email reports] to business buyers, and displayed on a banner ad throughout the site.
Peter Siegel, owner of BizBen.com, recommends business owners and business brokers choose the 90 day program. This gives their listing maximum exposure. "In my over twenty years in this business I've seen that half of all offers fall through. It's important to actively look for buyers and advertise your business until the sale is final. That way you won't lose valuable time if a sale is lost," he said.
In addition to the business above, last week, in California 365 small businesses, franchises, and business opportunities were sold. Following are statistics for December 11 to December 17, 2006.
Alameda County: 25, Butte County: 1, Contra Costa County: 8, El Dorado County: 3, Glenn County: 1, Kern County: 3, Los Angeles County: 103, Marin County: 1, Mendocino County: 1, Merced County: 1, Modoc County: 1, Nevada County: 1, Orange County: 38, Placer County: 6, Plumas County: 1, Riverside County: 14, Sacramento County: 7, San Bernardino County: 10, San Diego County: 21, San Francisco County: 31, San Joaquin County: 8, San Luis Obispo County: 8, San Mateo County: 5, Santa Barbara County: 8, Santa Clara County: 18, Santa Cruz County: 4, Shasta County: 3, Siskiyou County: 4, Solano County: 2, Sonoma County: 6, Stanislaus County: 7, Sutter County: 3, Tehama County: 1, Tuolumne County: 1, Ventura County: 6, Yolo County: 1, Yuba County: 1.
About Bill Kobayashi
Bill Kobayashi CBI is a business broker with expertise in selling businesses in California. He will teach a workshop entitled How To Sell Your Business For The Highest Price! The workshop will be held on Tuesday, December 26, 2006 in Westwood from 7-8:30pm. To RSVP or for more information see http://www.bizben.com/workshops.
BizBen.com was started in 1994 by industry expert Peter Siegel, MBA. It serves California business buyers, small business owners, business brokers, and real estate agents. Over 40,000 business buyers come to BizBen each day to search over 6000 California small business listings for sale.
BizBen's services for business brokers/agents and business owners are the most innovative and effective ways to sell a small California business online. The Fast Track Advertising program was the first on the Internet and boasts over a 90% success rate.
# # #