NOVEMBER HOT BUSINESS LIST

Below you will find the current “hot” business list courtesy of data from businessforsale.com  We asked Businesses For Sale for a monthly ranking of business types based on the number of “hits” on their site. This ranking is not based on the actual sale of businesses. Top Categories by Impressions Top Ten Businesses for November 2015 Restaurants Home Based E-Commerce Health…

TAKE A LOOK AT YOUR LEASE

If your business is not location-sensitive, that is, if your business location is immaterial to its success, then the following may not be important. However, lease information is usually helpful no matter what the situation. The business owner whose business is very dependent on its current location should certainly read on. If your business is location-sensitive, which is almost always…

Healthy Fast Food = Healthy Fast Profits

Fast Food Services industry growth has been solid over the past five years through 2015-16, with revenue forecast to rise by an annualised 2.4%. Fast food revenue is forecast to grow by 1.3% for 2015-16, to reach $14.8 billion. The projected revenue growth can be attributed to a broader range of healthier fast-food options providing some opportunities for expansion. According…

Pub, Bar and Club Industry Enjoys Growth

Despite facing rising competition from gaming clubs and casinos, the pubs, bars and nightclubs industry is expected to grow at an annualised rate of 2.5% over the five years through 2015-16 according to a recent report. Rising discretionary income has boosted the industry, with revenue growth remaining relatively robust over this period. The industry has also benefited from changed business…

The Growth of Gen Y Business Owners

In recent years, a popular, and highly sought after job title amongst Gen Y is ‘Business Owner’ or ‘Managing Director’. It is believed that in the current work environment, Gen Y manages approximately 38% of the total workforce. When it comes to owning a business, about one third of the new entrepreneurial endeavour is carried out by the millennial generation….

Do You Have an Exit Plan?

“Exit strategies may allow you to get out before the bottom falls out of your industry. Well-planned exits allow you to get a better price for your business.” Whether you plan to sell out in one year, five years, or never, you need an exit strategy. As the term suggests, an exit strategy is a plan for leaving your business, and…

Avoid These Business Sale Myths

The typical business owner will only sell a business once. Understanding the complex process involved will help produce the best results. But don’t fall prey to the myths that can derail or seriously affect a potential sale. Myth #1 – I Can Sell It Myself Many owners believe they’re qualified to sell their business without professional assistance. Many owners…

Business Valuation: Do the Financials Tell the Whole Story?

Many experts say no! These experts believe that only half of the business valuation should be based on the financials (the number-crunching), with the other half of the business valuation based on non-financial information (the subjective factors). What subjective factors are they referring to?  SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats – the primary factors that make…

Five Kinds of Buyers

Buyers are generally categorised as belonging to one of the following groups although, in reality, most buyers fit into more than one. The Individual Buyer This is typically an individual with substantial financial resources, and with the type of background or experience necessary for leading a particular operation. The individual buyer usually seeks a business that is financially healthy, indicating…

Advantages of Buying an Existing Business

Established. An existing business is a known entity. It has an established and historical track record. It has a customer or client base, established vendors, and suppliers. It has a physical location and has furniture, fixtures, and equipment all in place.  The term “turnkey operation” is overused, but an existing business is just that, plus everything else. New franchises may…