Certified Business Brokers
The Business Transfer Newsletter
 November / December  2014
Wrapping up the Year - Preparing for the Next
As this year ends and the temperatures cool,

The malls are all crowded, the kids out of school.

We ask only one thing from Santa and the elves--

New deals for all, we don't just think of ourselves.

Wrapped in clean books, Good margins, And a growth plan that's sound,

To all a healthy new year where good fortunes abound!

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BUSINESS NEWS
  
  





Food For Thought -- Are Your Competitors Carving You Up Like A Turkey?


 
  

--Good Read--

The Best Business Advice I Ever Got: How A Chance Meeting With A Business Owner Totally Changed My Life


 

Do You Own Your Business & The Property? -- New IRS Rule Allows Deductions For Building Upgrades


 

Boomer Or Bust?: Challenges Facing Boomer Business Owners Exiting Their Company


 

2015: A Good Year To Sell Your Business? 



Pros & Cons Of Funding A Business With Your Retirement Account



What A Profit & Loss Statement Reveals About Your Business



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Selling Texas Businesses

Since 1974 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling Texas Businesses Since 1974.

 

Our monthly newsletters provide information about buying or selling a business, current economic conditions, and highlight some of our newest business-for-sale opportunities.  Our record of

professionalism and reputation as a top firm in the nation has a 

lot to do with our people -- a knowledgeable long-term administrative staff and a very experienced team of professional career brokers. We are headquartered in Houston and have offices in Austin.

 

Check Out our Archives, "The best library of articles about how to sell your business," says The New York Times.

Businesses For Sale


    Review All Listings                         Manufacturers For Sale 

    Wholesale / Distributors                 Service Businesses For Sale 

    Auto-Related Businesses                Child Care Centers For Sale   

                          Restaurants - Fast Food - Bars 

 

 

Featured Business Listing

* Featured Restaurant Listing 

 

Don't Fall For It   |   The 5 Mistakes Business Owners Make When Dreaming Of Selling Their Company
 

If there's one thing I've learned in my years of working as a Certified Financial Planner™, it's that entrepreneurs are a special breed of people. They're motivated. They're inspired. They're incredibly tenacious. They're smart. They're optimistic. And they know how to get what they want.


On the flip side, many entrepreneurs are guilty of being a little pie-in-the-sky-especially when it comes to their own businesses. Unrealistic expectations of the exit process can both hinder the sale of a company and affect the morale of an entrepreneur getting ready to sell. Be wary of these five mistakes and you'll enter the exit process better informed, better equipped strategically, and more likely to enjoy your sale process.

 

Read entire article on our blog

 

Sold

Eagle Delivery Service
Left to right: William Sias (Buyer), Peggy Tate (CBB Broker), Douglas Busker (Seller)

 

Seller, Douglas Busker, started this commercial delivery company in 1978. So, after 26 years, he was ready to retire. Busker also owned the property on which the company operated and it was part of the sale.

 

The buyer, William Sias, originally came into the CBB office because he was going to provide funding for a friend's son to purchase a business. He had been in his current position in mortgage securities on Wall Street working in a business development role for 30 years and was admittedly bored.

 

When the commercial delivery business became available for sale, Tate, the CBB broker, recalled that early in the buyer's career, he had worked in oil & gas services.  Tate believed the commercial delivery business, which services oil & gas service companies, could benefit from a new owner with business development experience.  She called him about it and he agreed it could be a great career change for him. He decided to go for it.

 

Two weeks after the sale, Tate spoke with buyer and seller and they are both enjoying working together through the transition.  The buyer specifically is loving being engaged by work again and is already thinking about buying another business!  He's having fun....


The business was sold within 3-1/2 months of going to market.

 

Ray Doba listed the business and Peggy Tate sold it. 

Sold

Simple Steps Learning Center
Left to Right: Marcia Bowron (CBB Broker), Darren Jones (Seller), Cory Scott (Buyer)

  

The buyers, Cory & Rebecca Scott, had been looking for a daycare for almost a year. They were prior franchise business owners. Cory is a corporate pilot and Rebecca a business manager. She will be overseeing the child care center, while a director, already on staff, runs the day-to-day operations.  Some seller financing was involved in the sale.

 

The seller, Darren Jones, owns four day care centers in California and had specifically purchased this center (through CBB) to implement a number of cost-cutting measures and improve the bottom line. As an expert at what he does, he achieved his goal and sold the center for a profit. He is considering doing it again with another daycare needing improvement.

 

The business sold within four months of going to market.

 

Marcia Bowron listed and sold it.  

Sold

Fish City Grill
Left to Right: Rene & Shiv Rai (Sellers), Peggy Tate (CBB Broker), Antonio & Jose Moreno (Buyers)

  

This fine, high-volume restaurant franchise, established in 2007, is located in Katy, one of the fastest growing communities in the nation. With a full bar and outdoor patio, a manager on staff runs daily operations.

 

The buyers, Antonio & Jose Moreno, had been working with CBB to acquire a business for two months. They looked at several restaurants but gravitated towards Fish City Grill because of its strong operations and financial performance....with verifiable records.  From the beginning, the Moreno brothers seemed to have an easy chemistry with the sellers, which often bodes well for a successful transition. The Moreno's between them have a law degree, a business degree, a master's degree in finance, and 10 years of experience in banking and casino operations. The sellers, Rene & Shiv Rai, felt confident with the buyers' background and financial wherewithal needed to be successful after acquiring the business. This was key since Seller financing was part of the deal.

 

After a very smooth closing, the buyers are excited about running their new business and taking it to a new level.  The sellers, who are very energetic entrepreneurs, have already embarked on their next enterprise, a sports bar, and are looking to get into other types of industries as well.

 

The business was sold in 10 months from going to market.

 

Ryan DeGennaro listed the business and Peggy Tate sold it.  

Ask the Experts 

Question Ask The Experts 

 

Question:
 

I've been looking for a business to purchase for quite some time. I finally found one that has all the bells and whistles. But, there's one catch. The owner of the business also owns the real estate and wants to sell the business and the property together. What are the advantages of buying the property?

 

 

Answer:

 

When you own your place of business, you have:

  • security of tenure (no landlord is going to kick you out)
  • you can make it into whatever you want and need for your enterprise
  • every month the mortgage is paid down, you are saving for your retirement
  • when you do retire, you will have something to sell or rent for extra income
  • real estate generally maintains its value or increases in price over time giving you inflation protection
  • your monthly costs to own are often less than renting
  • there's no landlord around who wants to raise your rent every few years.
Texas Economic News

 

We watch economic and market conditions compared to the rest of the country because these factors affect business value. The following articles were all published since our last newsletter.

 

The Texas Miracle Shows No Sign Of Slowing: Expected To Have The Fastest U.S. Job Growth For Next 5 Years  - Forbes 

 

All Areas Of Texas Real Estate Soars In 2014

 

Texas Helps U.S. Push Strategic Oil Reserves To The Highest Level In 40 Years 

 

Texas Continues To Outpace National Average In Many Key Economic Indicators | Small Business Optimism High

 

Reminiscence Of The Jedi, Luke Skywalker? | Texas' SpaceX To Hire An Earthbound Farmer  

 

Warren Buffett's Berkshire Hathaway Buys Two Texas Businesses 

 

A New Space Race Emerges | Future Rockets Launched From A Texas Beach Will Carry Colonists To Mars 

 

Gun Accessories Manufacturer Moves HQ To Austin | Citing Colorado Laws As Reasons For Move 

 

Nevada Master-Planned Community Developer Moving It's Headquarters To Houston 

 

Texas Service-Sector Activity Jumps In November | Extending Its 5-Year Growth Streak  

 

In Texas Oil & Gas Country, Wind Is Number One In The Nation. And Solar Is Heating Up 

 

Texas Companies Are Optimistic About The Future, Taking Extra Steps To Recruit And Retain Employees  

 

Health Care Industry Mergers & Acquisitions Surge In 2014 

 

Texas Breaks Jobs Record For 3rd Consecutive Month 

 

Global M&A Deals Cross $3 Trillion For First Time Since 2007 

 

The Business Of Coffee | 10 Surprising Financial Facts About The World's 2nd Most Sought After Commodity 

 

NY Senator Greg Ball Moving To Texas To Fulfill His Dream, A New Business Venture 

 

This Is What It Would Be Like If Other Industries Were Like Wall Street

 

Oh Look, Surpised?   | Export-Import Bank Money Isn't Really Going To Small Businesses! 

 

Texas Sets A New Wind Power Record In November 

 

Houston's Next Hot Industry Sector 

 

My Heart Is In Maryland, But My Business Is In Texas  

 

A Cold War Brews Between Saudi Arabia & Texas 

 

Election Impact | With The GOP Now Controlling Congress, M&A Dealmakers Are Excited About The Next Couple Years  

 

11 Staggering Facts About The Texas Economy 

 

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