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Blue Sky

TODAY'S BUSINESS OWNER®
Volume 11: Issue 12 
 December 2010
Examining All the Factors
Knowing When to a Buy a Business 

Has the time come where instead of working for a business, you want to own one? To decide if buying a business is the right decision for you, speak to a VR business intermediary that can help you answer all the pertinent questions.

With any business opportunity, there is a degree of risk and challenge involved. Ask yourself if your personality is conducive to one that thrives in an environment where you have to wear many hats. Throughout the buying process, you have to understand what is at stake for you, both financially and personally. If you're ready, the rewards will surpass whatever gamble is involved.


   
Incorporating Limited Liability Companies
The Advantages over Other Organizations 
When looking for a business to buy, find out if it is beneficial to incorporate as a Limited Liability Company (LLC). The LLC offers many of the advantages of both corporations and partnerships, with few of the drawbacks.

The LLC should be considered alongside the three other well-established forms:
  • Sole proprietorship; 
  • Partnership; and 
  • Corporation.
Knowing Where You Stand
Avoiding Errors in Your Credit Report  
Whether it is for business or personal use, what you don't know about your credit report can cost you money, time and stress.

Many businesses rely heavily on open lines of credit with the bank as well as open credit and entertainment cards. Open lines of credit are often guaranteed by you personally. If there are errors on your report with negative inaccuracies, you can be denied.     
Franchisor of the Month
BookKeeping Express
  
BookKeeping Express, which operates corporate-owned and franchised accounting offices, is taking advantage of increasing demand for certified outsourced accounting services due to new, complex federal regulations and a waning economy that has companies looking for cheaper alternatives to big-name accounting firms.

They were recently featured in the Washington Business Journal detailing their increased visability on the East Coast. They are expanding rapidly, looking to have 50 new locations to assist small businesses with their accounting.

 

The Franchise Showcase is designed to support individual franchises and existing small business owners by making franchise ownership more affordable.
THE VR BLOGGER 
Generating a Plan for Your Business
Deciding to buy a business is an exciting, yet scary process. Developing a business plan can help ensure that you know where you want to take your business and how to get there. As a result, you have a "roadmap" to help you achieve your goals as a business owner.
Highlighted Transactions
And New Engagements 
 Blue Sky

 

SUCCESSFUL TRANSACTIONS 


All American Diner
VR Business Sales of San Antonio, Texas, a leader in the sale of privately-held companies, recently facilitated the strategic sale of an all american diner for $330,000.

The transaction, which closed this month, was handled by Javier Luna, a business intermediary specialist.  

VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries.

VR has sold more businesses in the world than anyone®.

Blue Sky

 
SUCCESSFUL TRANSACTIONS 

Hearing Aid Business
VR Business Brokers, located in Asheville, North Carolina, the leading business intermediary firm in the area, has recently facilitated the strategic sale of a hearing aid business for $220,000.

Robert Allen, a VR Intermediary, represented the seller throughout the transaction that was completed in December 2010.

VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.

VR has sold more businesses in the world than anyone®.

Blue Sky


NEW ENGAGEMENTS 

Posh Nightclub and Lounge
VR Mergers & Acquisitions located in Coral Gables, Florida, announced today it has been engaged by a posh nightclub and lounge to assist in facilitating the sale of their business in Miami Beach.

This club has been the "place to be seen'"since opening its doors. The owner is highly motivated to sell as he has no time to oversee the business. Go to VR Web Site for further details.

VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.

VR has sold more businesses in the world than anyone®.
Blue Sky 

 

NEW ENGAGEMENTS 

 
Full-Service Scuba Charter Company 
VR Mergers and Acquisitions in Honolulu, Hawaii, specializing in the sales and acquisitions of small and mid-sized businesses, has announced that the company has been retained to facilitate the sale of a full-service scuba charter company.

Offering an absolute full service PADI dive experience for all-diver experience levels, this business had a turn-around year to profitability and is poised for a new owner to carry the torch to the next level. Click here for further details and contact information. 

Celebrating over 30 years as the world's only network of full-time professional intermediaries, VR addresses the needs of small and mid-sized businesses.

VR has sold more businesses in the world than anyone®.

 
Blue Sky 

 

ADDITIONAL ENGAGEMENTS 


CLICK HERE TO ACCESS ALL VR BUSINESSES-FOR-SALE
Now is a Great Time to Become Part of VR!
VR Artesia NO 1 2009With baby boomers selling their businesses to retire, corporate executives frustrated with their jobs and managers looking to buy a business to replace their corporate position, NOW is a great time to become part of VR!


VR Office
Artesia, California
VR Global Headquarters
One East Broward Boulevard
Suite 1500
Fort Lauderdale, FL 33301
Phone (954) 565-1555; Fax (954) 565-6855 
http://www.vrbb.com
 
Copyright © VR 2009-2010
In This Issue
Examining All the Factors
Seeking Out Limited Liability Companies
Knowing Where You Stand
Franchisor of the Month
THE VR BLOGGER
Ask a VR Intermediary?
Quick Links
Ask a VR Intermediary?
Jay Offerdahl
 
Jay Offerdahl
 Owner, VR in Charlotte, North Carolina

 

How Much Should My Business Sell For?

 
Louis Foster,
Lincoln, NE
 
Dear Louis,
Whether you're a buyer or seller, the question, "How much is this business worth" is equally relevant and extremely important. Keep in mind that this cannot be answered easily since both sides usually have contrasting opinions.

Coming to terms on an offer that both sides can agree with can be a challenge. This is where fair market value comes into play. When you meet with a VR business intermediary, you will be able to determine a fair market price by examining the comparables. 


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