SB Informer
Wednesday, December 20, 2006; 03:22 AM
The buyers of a box and shipping business in California didn't want to miss out on the Christmas rush. Thankfully, with help from BizBen.com and business broker Bill Kobayashi, they didn't.
Many buyers had their eye on this small business that specializes in
shipping and moving boxes and supplies. Ebay sellers rely on this
business for discount boxes and shipping services. Buyers also liked
that the business had a high barrier to entry, excellent cash flow, and
trade secrets. This helped make it one of the most popular on BizBen
last week.
The challenge for broker Kobayashi was to market the business but at
the same time keep the listing confidential. The business got four
offers, including one that fell through just before closing. In the end
the buyer got a small business loan through the SBA in just five weeks.
The shipping business sold for $445,000 and was on the market for seven
months. "I had over 100 inquiries and 32 nondisclosure packets from
buyers. Less than half were qualified, because they didn't have
financing, they lived too far from the business, or couldn't get
credit," said Kobaysahi. Kobaysahi used the BizBen Fast Track program
to sell the business.
The Fast Track
program helps business broker's business for sale listings sell
quickly. The program boasts a 90% success rate and is the foundation of
many broker's businesses. Fast Track ads are featured on BizBen's home
page and are listed at the top of search results pages. The ad is also
included in [daily email reports to business buyers, and displayed on a
banner ad throughout the site.
Peter Siegel, owner of BizBen.com, recommends business owners and
business brokers choose the 90 day program. This gives their listing
maximum exposure. "In my over twenty years in this business I've seen
that half of all offers fall through. It's important to actively look
for buyers and advertise your business until the sale is final. That
way you won't lose valuable time if a sale is lost," he said.
In addition to the business above, last week, in California 365 small
businesses, franchises, and business opportunities were sold. Following
are statistics for December 11 to December 17, 2006.
Alameda County: 25, Butte County: 1, Contra Costa County: 8, El Dorado
County: 3, Glenn County: 1, Kern County: 3, Los Angeles County: 103,
Marin County: 1, Mendocino County: 1, Merced County: 1, Modoc County:
1, Nevada County: 1, Orange County: 38, Placer County: 6, Plumas
County: 1, Riverside County: 14, Sacramento County: 7, San Bernardino
County: 10, San Diego County: 21, San Francisco County: 31, San Joaquin
County: 8, San Luis Obispo County: 8, San Mateo County: 5, Santa
Barbara County: 8, Santa Clara County: 18, Santa Cruz County: 4, Shasta
County: 3, Siskiyou County: 4, Solano County: 2, Sonoma County: 6,
Stanislaus County: 7, Sutter County: 3, Tehama County: 1, Tuolumne
County: 1, Ventura County: 6, Yolo County: 1, Yuba County: 1.
About Bill Kobayashi
Bill Kobayashi CBI is a business broker with expertise in selling businesses in California. He will teach a workshop entitled How To Sell Your Business
For The Highest Price! The workshop will be held on Tuesday, December
26, 2006 in Westwood from 7-8:30pm. To RSVP or for more information see
www.bizben.com/workshops.
About BizBen
BizBen.com was started in 1994 by industry expert Peter Siegel, MBA. It
serves California business buyers, small business owners, business
brokers, and real estate agents. Over 40,000 business buyers come to
BizBen each day to search over 6000 California small business listings
for sale.
BizBen's services for business brokers/agents and business owners are
the most innovative and effective ways to sell a small California
business online. The Fast Track Advertising program was the first on
the Internet and boasts over a 90% success rate.
Other News by This Company Flower Shop Tops List of California Businesses Sold Last Week - January 11, 2007 California Business Brokers Increasingly Turn to Internet Advertising to Sell Small Businesses - December 13, 2006 |