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News From Touchstone Business Advisors
From time to time, Touchstone has new business listings, changes to existing listings or important new developments, which are first previewed to those valued clients, who have previously expressed an interest in a business acquisition or sale. If you have a business associate who would be interested in hearing about our services, listings and receiving our articles, please forward this newsletter and they will be able to sign-up for future notices. You can also keep abreast of these changes and download NDA forms and business profiles on our website: www.touchstonebiz.com |
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Call For Offers - Motivated Sellers are Your Friend!
Circumstances sometimes force owners to offer their businesses at pricing and/or terms that are below their inherent value. Their situation does not necessarily reflect increased risk or desperation. The following two business are being offered at very attractive prices for the reasons outlined below. These two low dollar value businesses have significant upside potential for the right owner.
Day Spa and Salon -- Successful Day Spa and Salon businesses are dependent on good management of costs, hiring and retaining great staff, utilizing a variety of marketing strategies to draw customers on a consistent basis, and keeping those customers coming back by ensuring their experience meets all their expectations. The owners of this business have determined that their expertise is better suited to providing high quality services than management. They are currently offering this attractive business with established customers for $75,000, which is the value of inventory and equipment. Terms are negotiable...make an offer!
Consignment Event Sales Company -- The first question is...what is a consignment event sales company? In our current economic situation, many families are looking to buy or sell previously used clothing, furniture, cribs/strollers, toys, sporting equipment, etc. at garage sales or on e-Bay. This Company has the website, equipment and branded name to organize large event sales (like giant garage sales). Similar franchises exist, with purchase & start-up costs many times this asking price, and royalties to be paid to the franchisor. One of the owners of this business suffered health issues that forced discontinuation of the business. They are currently offering the assets of the company for $12,500. If you have always wanted your own business, but need flexibility and the ability to work from home...make an offer!
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Update on Other Touchstone Listings:
(see www.touchstonebiz.com for detailed information)
Breckenridge Restaurant/Bar Sold
Commercial Painting Company Sold
Niche Software Company Contract Pending
Niche Manufacturing Company Active Negotiable
- Established Products with Patents
Truck Repair/Maintenance Company Active $ 750,000
- Full Service Facility & Mobile Service
Jewelry/Art Retail Store Active $ 275,000
- Great location, Sales Increasing
RV Rental Company Active $ 275,000
- Stable Revenue Model, Perfect for
the Current Economy
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Use of Retirement Funds to Buy a Business
Retirement funds have become a popular source of financing the purchase of small businesses and franchises.
The process involves withdrawing funds and placing these funds into a very specific type of trust. This IRS approved mechanism provides the beneficiary with the ability to use their previously restricted resources to make an equity contribution in a business in exchange for the trust holding a relatively high percentage of ownership in that business. The trusts are organized to comply with ERISA rules to allow the money to be used without penalties for early withdrawal.
With the current low returns in stocks, bonds and money market accounts, many with an entrepreneurial spirit feel they can get a greater return on their accrued retirement savings by investing in their own business and adding some sweat equity. To this, they factor in the benefits of cash flow derrived from the business and self-esteem of running a successful business.
From a business perspective, the benefits include not having to borrow capital (eg, SBA loan) and having the burden of note and interest payments.
To learn more, contact Touchstone Business Advisors for resources to accomplish your business acquistion goals.
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