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  1. White8

    Business Acquisition Lender Suggestions

    Any suggestions for business acquisition lenders? I have located at business that I would like to purchase with a price of $774k +inventory that has a good 20 year history and healthy cash flow. Since the business doesn't include real estate, the banks are willing to do an SBA loan at prime +...
  2. White8

    How to recognize a poorly managed business?

    SDE stands for Seller's Discretionary Earnings which is basically what the profit would be if the owner didn't spend or shift profits for the sake of reducing tax liability or to essentially steal from his own business. A prime example would be leasing a new Hummer for his wife to drive as a...
  3. White8

    How to recognize a poorly managed business?

    Excellent point. I look for retirement situations with people who are truly old enough to want to retire. Most 40 year olds who "want to retire" are wanting to get out for some reason.
  4. White8

    How to recognize a poorly managed business?

    You are exactly right in your example of businesses with inventory. Another aspect is perishable inventory or inventory that can become dated that will sit until it's dumped. Always specify marketable inventory a dealer cost or below. There is a definite advantage to service based...
  5. White8

    How to recognize a poorly managed business?

    The financials of course are key. Ideally a business should be showing at least some increase in sales each year as opposed to stagnation or decrease. I also like to see profits increase at a greater rate than expenses as a company grows which indicates an increase in efficiency. There is not...
  6. White8

    What time do you start your day?

    HOT! MINDSET 
    I'm not to that level yet but I start every day at 05:45 (unless the cat wants out and wakes me earlier, sometimes much earlier) with breakfast and the newspaper followed by a quick look at business sale and realtor sites and a couple of these sorts forums to glean ideas. I normally go to bed...
  7. White8

    Best Websites for Buy/Sell Business

    Another place to look would be the commercial offices of the larger realty companies such as Coldwell Banker and Prudential. Keep in mind with business shopping that often business brokers will not co-op commissions with other brokers and in some states (Oregon being one of them)business...
  8. White8

    Best Websites for Buy/Sell Business

    You should also look at your local business broker websites as well as contact the brokers directly. As with RE, often the best businesses are not listed.
  9. White8

    Airport Business Info

    Unless you have heavy corporate traffic, I would look at flight training, scenic flights, and possibly charter if you can get a leaseback. There a some FBOs that have allied themselves with local colleges and universities to provide the flight portion of an aviation degree which keeps the FBOs...
  10. White8

    Streamlining a process

    I would definitely do a Google search for industry software. If you can't find software that fits your needs, use on of the programmer sites such as www.rentacoder.com. It can be quite inexpensive depending how complex the software is.
  11. White8

    Submit offer without looking at property

    REAL ESTATE 
    I think what is difficult for me is to make an offer based on a quick look at the exterior and the hope that the agent is honest about the property. On older units, do you just assume the worst on the interior?
  12. White8

    Submit offer without looking at property

    REAL ESTATE 
    So what would be the procedure? 1. Write an offer at full price with a due diligence period. 2. Nit pick the property 3. Go back to the seller and tell him that the property needs $100K worth of work, he was overpriced for the market by $10K a unit to begin with even if there was no...
  13. White8

    How Profitable Are Franchises

    I have never owned a franchise but I would be concerned that they may have the option of terminating the franchise at any time or placing too many franchises in a geographic area. I was a John Deere consumer and commercial products dealer, which was not a franchise but did rely heavily on one...
  14. White8

    RDPD Guide to Investing

    I would definitely do my own research rather than rely on a financial planner. Something that one of my best business professors said years ago as really stuck with me: "If a financial planner is so good at what he does, why is he wasting his time with people who want to invest a few...
  15. White8

    Construction Industry- True or BS?

    Thanks for all of the replies. I've been looking at various trades that have a maintenance component as well as new commercial and residential construction such as electrical, plumbing, roofing, HVAC, etc with the intent, over a period of time, of adding additional divisions and building...
  16. White8

    Construction Industry- True or BS?

    I've backed off recently in my search for a contracting company to buy but came across an ad to day and wanted to get the opinions of people close to the industry: " With the slowing housing market, more owners are focused on remodeling their current homes. This is a great opportunity to get...
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