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  1. White8

    franchise

    I know of one company that "took over" a pair of poorly performing franchises but the franchisee didn't tell me if he was bought out or just surrendered them to stop the hemorrhaging. Somethings that would be a big questions for me would be the length of term, the renewal terms, and...
  2. White8

    How much would you pay ?

    If you have a general aviation airport near by you may be able to wash airplanes. A small single engine wash/vacuum would probably run around $50-75 as would degreasing the belly. The corporate jet crowd typically like to have the aircraft washed, vacuumed, lav cleaned, and snack bin restocked...
  3. White8

    How to buy this business

    You may be able to get financials but should have to sign a non disclosure agreement first. The fact that it sounds like the owner has been the sole employee brings up some questions as Syphonius mentioned. Also, considering this store is open 60-70+ hours a week, how long will you be...
  4. White8

    New Pool Maintenance Business!!!!! SUGGESTIONS???

    Great post AustralianInvestor +++ I have a few more more suggestions to add: * Keep up with the latest trends and products for the industry. * Don't buy equipment for the sake of having the newest, coolest equipment but rather buy what you need. * Don't neglect the customer to spend time...
  5. White8

    Portland, Oregon

    I'm in Salem, OR which is 60 miles south of Portland. Weather is mild with an average of 30-80f if you don't mid some rain. The coast is an hour+ west and mountains hour+ east. Portland is the metropolitan center of Oregon will all that comes with it so it's an interesting city. Real estate...
  6. White8

    5 ways to piss off an entrepreneur...

    I had a college buddy who thought I was cheap for not buying lunch everyday in the cafeteria who said "You might just as well spend it. What you save now won't add up to anything" When I told him I had $30k in the bank his mouth dropped. That was the last time I heard anything about being...
  7. White8

    How to recognize a poorly managed business?

    There are several ways to structure the deal. There shouldn't be any tax advantage for the seller either way for an asset or stock sale but there is a definite advantage if the seller will carry the contract unless they intend to 1031 the funds. I'm not currently looking for real estate but...
  8. White8

    How to recognize a poorly managed business?

    Good Post! Working backwards makes a lot of sense both if the financials are lacking and just to get a better feel for the business. I've also been a fan of going in before talking with the owner as a "customer" and trying the service to see how the business operates from a customer...
  9. White8

    Business Acquisition Lender Suggestions

    Thank you phlgirl. It's good to get a second recommendation for them.
  10. White8

    How to recognize a poorly managed business?

    There are two reasons for a business seller to have that "level" of financials they are either incompetent when it comes to the financial side of their business or they are hiding something. I've seen those types of financials too, including no monthly reports, just the annual report from H&R...
  11. White8

    No Lambo for Get-Rich-Slow Folks?

    HOT! 
    That's exactly right. I enjoy the challenge of making money and that's primarily where I spend my money. The toys I like and buy are as much an investment as a toy. My avatar (which I wish I owned) has doubled in value in the last 10 years.
  12. White8

    Business Multiples to Value a Business

    I just googled it as well and didn't find much. My data has come from various brokers in my area as well as the average multiplier calculated from the web listings of businesses in the same industry in my area. From what I have seen, they are the primary basis for setting price when dealing...
  13. White8

    Business Acquisition Lender Suggestions

    If anyone is following this thread: Wachovia seems to be the best business lender. They offer reasonable fixed rates, good terms, and they will return your down payment in the form of a loan for operating capital. The rep also said that they have the lowest default rate of any SBA lender...
  14. White8

    5 ways to piss off an entrepreneur...

    6) Employees with dumb excuses: I can't do it, I can't make it in today because X, I couldn't get it done today because I was SO busy (doing nothing), etc 7) People with diarrhea of the mouth who take 10 minutes to say what I could say in one sentence.
  15. White8

    Idea for Chain of Hip-Hop Stores

    IDEA 
    It sounds like a good idea but remember your market is a moving target so you will have to stay up on trends and that is the difference between a long term success or a ten year run. When I was in high school and college nearly 20 years ago grunge was in, women wore Guess jeans, and OP was the...
  16. White8

    Importance of Reading Psychology Books?

    In college I had a prof with PhDs in both marketing and psychology. He was extremely sharp and normally spent his time starting companies (he was one of the founders of Figaro's Pizza) but enjoyed teaching so he would teach one class a term. I think some study of psychology would be an...
  17. White8

    Business Acquisition Lender Suggestions

    Thanks! I'll shoot them an email.
  18. White8

    Business Acquisition Lender Suggestions

    Interesting. I'll have to push the lender to take a second look as well as do some more searching. If I might ask, who is your lender?
  19. White8

    Partnering with folks for business startup

    Partnerships can be interesting... First off, I would issue stock based on the percentage of cash brought by each investor. You, and the partner who will be working in the business should be drawing an agreed upon salary, even a deferred salary since working in the business will be your...
  20. White8

    Business Acquisition Lender Suggestions

    Thanks for the information. I'll definitely see if Oregon offers incentives like Ohio. Since my last post, I have found better rates but the SBA does not offer fixed rates unless the business includes real estate which I may consider buying depending on the terms. I can certainly understand...

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