Financing a Franchise

By Chris Ryan F. Fin. So……… you want to buy a franchise? Why? You may have many reasons, but let me suggest that your primary motivation for buying a franchise should be a desire to make money. Or more specifically, to make an adequate profit sufficient to fund your life’s expenses. This could be -: putting food on the table for your family, providing a roof over their heads, paying... [Read more]

Terrible Reasons for Not Buying a Business

If you’re serious about buying a business, it’s essential that you provide useful feedback to brokers when they take the time to present listings they feel are relevant to you. I’m often surprised by the reasons people make in rejecting a business for sale. Here are my “Top 3” terrible reasons for not buying a business: 1. “It’s too expensive.” Derivatives of this... [Read more]

Business Benchmark Resources

They say information is power – well, here are a few business benchmarking resources and my associated notes. ValueCruncher – EBIT Margins Look at the end of the PDF for the table of indicative EBIT margins for various types of businesses. Note: I don’t know the source of these figures, but they seem pretty reasonable to me. ATO Small Business Benchmarks For Australian businesses,... [Read more]

Let’s Start a Business

For most people, the idea of starting a business can both be exciting and scary at the same time. The exciting part first: You take control of your financial destiny, meaning that your income isn’t fixed by your employer and you control it based on how well you perform in the bsuiness. You have flexibility over your time, meaning you can pick up from the kids from school and take them to soccer... [Read more]

What’s Your Salon Worth?

By Kym Krey Even if the thought of selling your salon has not crossed your mind yet, one day it might. The steps you take to make it ready for sale will make your salon much more valuable to keep, so the effort is always worth it. However, most salon owners leave this far too late. In fact, most advisors will tell you that you should be preparing for the day you sell from the moment you actually... [Read more]

What is a Trial?

Here at Business for Sale blog, I’m sometimes asked, “What is a trial?” in respect to business listings. If you’ve spent time looking at business listings online and offline, you’ll eventually see wording along the lines of “Will trial at $8,000 per week” (or any amount – it depends on how well the business is doing). So what does this mean? Well, it’s... [Read more]

Financing a Franchise – Part 3 of 3

By Chris Ryan F. Fin. This is the third and final part of my article series on financing a franchise. If you haven’t done so, please read Part 1 and Part 2 before continuing on below. As discussed last week, the issues of financing a business can include: Fees, Interest Rates, Security, Term of Borrowing, Profit Projection and Working Capital. This week, aside from discussing profit projection... [Read more]

Financing a Franchise – Part 2 of 3

By Chris Ryan F. Fin. This is the second part of my article series on financing a franchise. Please read Part 1 before continuing on below. As discussed last week, the issues of financing a business can include: Fees, Interest Rates, Security, Term of Borrowing, Profit Projection and Working Capital. This week, I’m going to discuss fees, interest rates, security and term of borrowing. a.... [Read more]

Financing a Franchise – Part 1 of 3

By Chris Ryan F. Fin. So……… you want to buy a franchise? Why? You may have many reasons, but let me suggest that your primary motivation for buying a franchise should be a desire to make money. Or more specifically, to make an adequate profit sufficient to fund your life’s expenses. This could be -: putting food on the table for your family, providing a roof over their... [Read more]

“How to Maximise the Value of Your Retail Business” released!

If you had subscribed to my newsletter on the right, you’d have just gotten my free guide on “How to Maximise the Value of Your RetailBusiness”. Below is an excerpt on a controversial topic – skimming off the till. 5. Be Truthful This is not a mini-guide on morals, but the fact is… being truthful usually means more profit and less frustration in the long run. What... [Read more]

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