Get the latest business advice via email

PREPARE YOUR BUSINESS FOR SUCCESS

Take advantage of our first-hand experience in business consulting, brokerage, mergers and acquisitions.

Make $85,000 After Debt Service On A $90,000 Investment

August 3rd, 2011

Profitable and successful, environmentally-friendly, service-oriented franchise catering to both businesses and individuals in North Atlanta generates a consistent revenue stream.

Business Overview

Xxxxxx Company is a profitable and successful, environmentally-friendly, service-oriented franchise catering to both businesses and individuals in North Atlanta. xxxxxx Company is in business to provide both New and Remanufactured products to its clientele. We offer the highest quality remanufactured products on the market at a savings of 30% or more off of what customers would pay for new products at the local superstore. 

These products are consumables used in virtually every household and business in America. If a person breathes, then it s likely they use these products! Therefore there is a consistent revenue stream from customers returning to the store again and again! This store has a great track record for customer service and maintaining a happy customer base ensuring a high rate of repeat business. The brick and mortar store is nicely appointed with current franchise graphics and well maintained. It is located in a highly trafficked intersection in North Atlanta with great visibility and ingress and egress.

In addition to walk-in individual customers purchasing their products for home use, xxxxxx Company has over 500 local businesses that use their products on a repeat basis. The company caters to small and mid-sized businesses providing free delivery within 24 hours of orders being placed and also offers businesses the ability to place orders online, over the phone, or via email. 

This business is staffed with an Owner/Manager, an Owner/Sales Person, 2 full time service technicians and 1 part time customer service person. Both technicians have outstanding customer service skills. All the current staff have been with the business for a year and a half or more and have great expertise and synergies working together. The business hours are Monday thru Friday 9-6:00pm and 10-3:00 on Saturday. The owner has developed an extensive email database for both their business clients and walk-in clients and communicates monthly with them.

Business Details

  • Facilities: 1,200 sq. ft.New lease 8//1/11 – 7/31/13. Base rent $1,700/mo..CAM $500/mo.
  • Competition: There are other businesses that compete in this space, but none provide the same level of service.. Very high repeat business and customer referrals. 1,000+ active customers. Largest customer is less than 3% of sales.
  • Growth/Expansion: More canvassing for business customers can greatly
  • Financing: SBA approved loan for $360,000; buyer puts down $90k and project cost of $450k.
  • Support/Training: Seller will assist buyer for 4 weeks.
  • Reason Selling: Relocation and other busines interests.

Financial Details

  • Asking Price: $400,000
  • Gross Income: $525,270
  • Cash Flow: $138,014
  • EBITDA: N/A
  • FF&E: $40,000.00 *
  • Inventory: $17,000.00 *
  • Real Estate: N/A
  • Year Established: 2006
  • Employees: 2ft/ 1pt
  • Business Types: Computer & Software Services, Other Business Services 

Contact Information

Contact: Loren Marc Schmerler
Phone: 404-550-1417
Email: LMS@BOTLINE.COM

Own an Annual Publication With Loyal Customer Base

May 27th, 2011

Home based business in Coastal Georgia – work 6 months and get paid for 12 months.

This well respected annual publication with decades of profitability and a loyal customer base in Coastal Georgia allows you to work only part of the year to earn a full year's pay. You work your own hours and customers routinely contact you to renew their ads. Many improvements have been well-received by the business customers with future improvements planned.

There are many print and recorded testimonials by prominent business owners.

Financial Information

  • Asking: $225,000
  • Gross: $128,923
  • Cash Flow: $71,318
  • Furniture, Fixtures & Equipment: $5,000
  • Inventory: $1,000 (included in price)
  • Financing: $150,000 down with $75,000 @ 6% over 36 months
  • Seller financing is available

General Information

  • Facilities (Home Based): The business is home based and can be run by anyone who lives in the surrounding area. ***Included: phone number; website; all CDs to beginning of time; all phone books; all working files; all software; Adobe Indesign Creative Suite included
  • Competition: 1,000 brochures are distributed to new places in the surrounding area. The business is a member of the Chamber of Commerce and another group.The company buys a monthly list of everyone who has bought a new business license and distributes a directory to each new business owner
  • Growth and Expansion: Hire more commission salespersons to market to outreaching areas.
  • Support/Training: The current owner will introduce the new owner as the co-publisher during the first month and be available by phone assistance for 6 months afterwards
  • Reason Selling: Owners retiring
  • Employees: 1PT + 2 owners

Contact Information
Contact: Loren Marc Schmerler
Phone: 404-550-1417
Email: LMS@BOTLINE.COM

Buy This 15 Year Old Distribution Company for 3.65 Multiple Sales Plus Inventory

April 22nd, 2011

Profit margins are healthy and customers are very loyal!

Looking for a successful business to purchase? Here is your opportunity!

Once every 5 years, a business like this becomes available. It's a really fine tuned machine. The staff is well trained and extremely friendly to customers and fellow employees alike. There is a branch office in Indiana manned by a key employee who is home-based. This employee knows everything there is to know about the business.

The business mails catalogs to 13 states to derive most of its business. It only carries the finest products. Profit margins are healthy and customers are VERY LOYAL.

Financial Information

  • Asking: $1,000,000
  • Gross: $2,018,446
  • Cash Flow: $224,932
  • Furniture, Fixtures & Equipment: $30,000
  • Inventory: $180,000 (included in price)
  • Financing: SBA pre-qualified

General Information

  • Location: Metro Atlanta, Georgia 30041
  • Facilities: 5,500 sq. ft. of warehouse and office space in commercial industrial park. Rent is $2,500/month.
  • Competition: This business prides itself on offering the finest customer service available.
  • Growth and Expansion: Since the business is just mailing to 13 states, by expanding the mailings to the other 37 states and Canada, the business can easily be doubled.
  • Support/Training: Owners will assist a new owner for 4 weeks.
  • Reason Selling: Retirement.
  • Year Established: 1996
  • Employees: 6ft & 3pt

Contact Information
Contact: Loren Marc Schmerler
Phone: 404-550-1417
Email: LMS@BOTLINE.COM

Make A Lot Of Dough With This 14 Year Old Pizza & Pasta Shop

March 22nd, 2011

This restaurant has been able to gross between $17,000 and $21,000 a month!

Looking to get into the restaurant business? Buy this turn-key fully equipped pizza/pasta restaurant. This restaurant has been able to gross between $17,000 and $21,000 a month. 

Why buy a pizza business? The pizza business is a well-established kind of restaurant and buying an existing pizza restaurant could help you avoid the challenges of starting one from scratch.

The menu features New York Style pizza and includes calzones, spaghetti, lasagna, cheese steaks, parmigiana sandwiches, pizza by the slice, whole pizzas, wings, salads, fries, onion rings, chips, tenders, cheese cake, cookies, draft beer, imported beer, domestic beer, sodas and ice tea.

Financial Information

  • Asking: $105,000
  • Gross: $240,000
  • Cash Flow: $60,000
  • Furniture, Fixtures & Equipment: $30,000
  • Inventory: $5,000 (included in price)

General Information

  • Facilities: 1,500 sq. ft.; $2,600/mo. includes CAM.Lease started 11/1/10 and is 5 years with 5 year option. 3% annual escalation.
  • Competition: This business has a very loyal following.
  • Growth and Expansion: There can be cross-selling and cross-promotion within the shopping center.
  • Support/Training: Owner will assist new owner for up to 2 weeks.
  • Reason Selling: Wants to spend more time with family.
  • Year Established: 1997
  • Employees: 3 ft & 1pt

Contact Information

Buy This 15 Year Old Distribution Company for 1/2 Sales Plus Inventory

February 9th, 2011

Once every 5 years, a business like this becomes available. It’s a really fine tuned machine with a brand new inventory control/shipping system. The staff is well trained and extremely friendly to customers and fellow employees alike.

There is a branch office in Indiana manned by a key employee who is home-based. This employee knows everything there is to know about the business. The business mails catalogs to 20 states to derive most of its business. It only carries the finest products. Profit margins are healthy and customers are extremely loyal.

Financial Information

  • Asking: $1,150,000
  • Gross: $2,020,142
  • Cash Flow: $189,669
  • Furniture, Fixtures & Equipment: $30,000
  • Inventory: $180,000 (included in price)
  • Financing: Seller will finance $150,000 @ 6% over 10 years with 4 year balloon.

General Information

  • Location: Metro Atlanta, Georgia 30041
  • Primary Category: Wholesale/Dist. – Durable Goods
  • Facilities: 5,500 sq. ft. of warehouse and office space in commercial industrial park. Rent is $2,500/month.
  • Competition: This business prides itself on offering the finest customer service available.
  • Growth and Expansion: Since the business is just mailing to 20 states, by expanding the mailings to the other 30 states and Canada, the business can easily be doubled.
  • Support/Training: Owners will assist a new owner for 4 weeks.
  • Reason Selling: Retirement.
  • Year Established: 1996
  • Employees: 6ft & 3pt

Contact Information

  • Contact: Loren Marc Schmerler
  • Phone: 404-550-1417
  • Email: LMS@BOTLINE.COM

Bottom Line Management, Inc. Offers Website Brokerage Services

December 6th, 2010

Bottom Line Management, Inc., leaders in business sales, acquisition, valuation and management services for over 25 years in over 200 industries have always exceeded the expectations of the hundreds of clients they have served. They are now pleased to announce their expansion into Website Brokerage Services.

Bottom Line Management, Inc. recognizes the fast growing industry of selling and buying online businesses can be very lucrative and rewarding. The expansion is designed to help clients achieve their goals in the online business industry.

Bottom Line Management, Inc.’s proven buying and selling process provides each client with the tools to make the sale of their website or purchase of an online business a smooth and successful one.

Bottom Line Management, Inc. assists clients interested in buying an online business navigate through the numerous and varied website businesses available in the marketplace to successfully find the right business.

In the selling process, Bottom Line Management, Inc. negotiates the best deal possible for clients and specializes in valuating businesses. Due to extensive experience in small business management consulting, Bottom Line Management, Inc. frequently finds innovative ways to increase the value of a business prior to the sale.

Bottom Line Management, Inc. was founded in 1986 by Loren Marc Schmerler, a Certified Professional Consultant and an Accredited Professional Consultant. Schmerler is thrilled to provide website brokerage services to clients states, “Bottom Line Management, Inc. has sold every home-based online business we have listed and we are proud to have helped dozens of buyers become successful entrepreneurs.”

Bottom Line Management, Inc. offers a free website business broker consultation either in person or on the phone to help clients get started on the right path in the buying and selling process.

Click here for more information about Bottom Line Management, Inc.’s website brokerage services.

About Bottom Line Management, Inc.

Bottom Line Management, Inc. is a business brokerage firm with more than 25 years experience selling businesses in over 200 industries serving clients nationwide and internationally. Bottom Line Management, Inc. was founded by Loren Marc Schmerler, a Certified Professional Consultant and Accredited Professional Consultant with a passion for helping business owners understand and maximize their bottom line.

Bottom Line Management’s federally registered slogan, “Your Bottom Line Is Our Foremost Concern”, reinforces its constant desire to put the client’s best interests ahead of its own. The firm has saved its clients millions of dollars by showing them how to “work smarter” and use their resources more effectively and efficiently to maximize the value of their businesses when they are ready to implement their exit strategy.

Bottom Line Management, Inc. is a member of the International Business Brokers Association (IBBA) and the Georgia Association of Business Brokers (GABB.) Loren Marc Schmerler is also a Business Brokerage Press Industry Expert.

Contact:

Loren Marc Schmerler CPC, APC, President
Bottom Line Management, Inc.
2985 Gordy Parkway, Suite 424
Marietta, GA 30066
770-977-7334 office
lms@botline.com

# # #

Keep Your Hands Clean And Clean Up With This Superior Cleaning Service

November 19th, 2010

Use your superior customer service skills and clean up with this business.

A successful cleaning service has been strategically cultivated where the owners of this cleaning service never get their hands dirty. They take leads and convert them into satisfied customers. This business grows heavily through referrals and repeat business.

The growth potential for this company is great, as the employees are loyal and dependable and the repeat customer business is high. Expansion includes targeting apartment complexes and assisted living homes as customers and additional window cleaning services.

Work hours are Monday – Friday from 7:30am to 5:30pm. Fifty percent of the customers are bi-weekly, 25% are specials and 20% are four-weekly. Each employee is responsible and gets the job done. Bids can be given over the phone or in person.

General Information

  • Location: NW Atlanta, Cobb County, Georgia 30101
  • Facilities: 1,100 sq. ft.: $995/mo.: cam $113/mo.: utilities run $200/mo.; telephone /Internet runs $220/mo. Lease expires 5/31/11.
  • Competition: There are many home cleaning services, but this service has very little turnover.
  • Growth and Expansion: More targeted marketing. Additional services like window cleaning. Pick up apartment complexes and assisted living homes as customers.
  • Support/Training: Owner will work with new owner for 2 weeks. New owner must have 1 week of training with Franchisor.
  • Reason Selling: Early retirement
  • Year Established: 2004
  • Employees: 6 Full-time

Financial Information

  • Asking: $225,000
  • Gross: $251,510
  • Cash Flow: $79,359
  • Financing: $100,000 Down And $125,000 @ 6% Over 10 Years With 5 Year Balloon.

Contact Information

Contact: Loren Marc Schmerler, President, CPC, APC
Phone: 404-550-1417
Email: lms@botline.com

Buyer’s Checklist: Top tips for buyers who are looking to become business owners.

January 21st, 2010

Tip #1: Give yourself a reality check.

Do you have the courage to take the entrepreneurial leap? Forget about the cozy comfort of the corporate environment where you can have someone else take out the trash, clean the bathroom, get your coffee, pick up your dry cleaning, etc. The buck stops with you, and you will be taking 100% responsibility for everything.

Do you have adequate working capital for one or more years? If you are a start-up, you may not see a return on investment for a few years. If you are buying an existing business, the best laid plans of mice and men can sometimes become undone. Most, if not all, undercapitalized businesses will fail eventually. I have seen some fail in months while others have a painful death of years.

Have I gotten your attention with my cautionary tales? Remember that buying a business can be the most fulfilling, yet the most challenging, experience of your life. It’s best to be prepared about what you may experience because that preparation will likely be the key to your success.

Tip #2: Learn the upside of hiring independent contractors.

In your new business, do you want to manage employees or just yourself? Using independent contractors is a great way to operate a business if you are sure they will perform to your expectations and standards. Managing employees often forces you to worry about issues dealing with health insurance, retirement benefits, employment tax, workers’ compensation, overtime, etc.

As stated by the IRS, three characteristics are used to determine the relationship between businesses and workers: Behavioral Control, Financial Control, and the Type of Relationship.

  • Behavioral Control: Covers facts that show whether the business has a right to direct or control how the work is done through instructions, training or other means.
  • Financial Control: Covers facts that show whether the business has a right to direct or control the financial and business aspects of the worker’s job.
  • Type of Relationship: Relates to how the workers and the business owner perceive their relationship.

Tip #3: Step back and observe.

Do you know what your strengths and weaknesses are? Are you strong at selling, strong in finance, strong in operations, strong in marketing, strong in supervision, strong in organization, strong in customer service, strong in planning, etc.? It is highly unlikely that you can do all the preceding well. When you purchase a business, it’s important to understand exactly how you will fill in the blanks with other resources.

My best advice is the old adage: If it’s not broken, don’t fix it! Would you be able to leave a business alone that is not broken for at least 3 months after the purchase? It’s important for you to take the time to observe from the inside how the business operates and examine where there’s room for improvement. If you don’t do this, you risk the possibility of self-destructing, scaring off your loyal customers and running off your employees.

During your 3-month observation period, I encourage you to have regular meetings with your staff and keep the communication open. Solicit their advice, counsel and suggestions for improvement and positive change as they see it. Then, as you make changes, be sure to explain why you are “trying them out” to see if things improve. If they don’t, put your ego aside, admit your mistake and return to the basics. A little humility goes a very long way.

Tip #4: Create strategic alliances.

Are you willing to create strategic alliances to protect the health of your business? I encourage you to regularly share your financial statements with your banker, CPA and attorney. Your banker can give you a line of credit, your CPA can give you excellent tax advice and help you understand the numbers, and your attorney can help you avoid litigation or any other worst-case legal scenarios.

As a business owner, would you be able to admit when you have made a mistake? Are you willing to take full responsibility for it and do whatever is necessary to correct it? If you stay in denial until the bitter end, there may be no way to recover from your error. This is probably the most important thing to remember: You will not have a boss leaning over you to correct you. If you do not work with your strategic partners to keep your business running smoothly from the inside out, it may prevent you from achieving the highest level of success.

Author’s note. After helping sellers and buyers for more than 20 years, I have found that honesty, integrity, full disclosure, patience and a willingness to consider various alternatives makes the probability of success for all parties very high.

Featured Business Spotlight: All Aboard: This Transportation Brokerage Firm Is Just Hitting Its Stride!

December 8th, 2009

The Company is a fully licensed and bonded freight broker. It provides equipment to manufacturers and warehouses to facilitate the movement of merchandise to customers in and out of a metropolitan area in Georgia. All of the Company’s revenue comes from transportation services.

The Company is also a commissioned agent for a leading trucking firm and has discounts setup with several large, less-than-truckload carriers such as Roadrunner and AAA Cooper. The Company’s customer base is divided between manufacturers and warehouses. Manufacturers make up a diverse segment which ranges from clothing to building material. The customer base consists of 122 accounts with 96 regular recurring accounts.

The Company is well positioned for continued growth and success. Management attributes much of the growth over the last three years to the level of service it provides its key relationships: It is a commissioned agent with a leading trucking firm. The Company’s employees have extensive experience in the industry. There are few overhead costs and minimal capital expenditures required for future growth.

Financial Information

Asking: $2,200,000
Gross: $2,120,302
Cash Flow: $605,148

General Information

Facilities: 2,000 sq. ft. of office condo space. Owners would charge $2,000/month in rent or new owners could relocate.

Competition: This company has a niche with a fine roster of clients.

Growth and Expansion: The prospects for growth are unlimited.

Support/Training: Sellers will include 4 weeks in purchase price and can be available for more at a negotiated fee.

Reason Selling: Other business interests.

Year Established: 2001

Employees: 2 owners + 1FT

Contact Information

Contact: Loren Marc Schmerler
Phone: 404-550-1417
Email: lms@botline.com

Podcast: Self-Destructive Sellers and Buyers

September 3rd, 2009

Listen to the following podcast…

Or read the transcript here:

As Jack Webb used to say, “there are eight million stories in this naked city.” He was of course referring to Los Angeles. But there are thousands of horror stories of business owners all across the country who self-destructed for a variety of reasons. This article will deal with some real life examples.

Sellers and buyers can each undo themselves. Let’s start with the owner of a 15 year old dress shop located in a high demographic suburb of Atlanta. When I took her listing, she gave me her drop dead figure. For those of you who do not know the meaning of this expression, it means the owner would rather drop dead before he or she will accept less than a certain amount for their business.

They also use the expression “before I will let them steal my business for that amount, I will shut it down.” With regard to the case of the dress shop owner, she started with an asking price of $300,000 which was clearly excessive based on her history of declining sales. During the course of the listing, she received offers in the mid to low $100,000 range, but she could not see herself letting someone “steal her 15 year old business for such a meager amount.”

So after months of limited interest at her asking price, she made the executive decision to close her business forever and received nothing for her 15 years of blood, sweat and tears. That was one of my earliest experiences where I learned that selling a business is so personal and so emotional that some business owners would rather close their doors and receive nothing than have to live with accepting an amount that bruises their ego.

Another example of an owner who was not on the planet Earth with regard to his expectations of what his business was worth was the owner of a family owned fence company. When he and I first sat down for lunch, and I asked him what he wanted for his business, he said without hesitation that he wanted $1.2 million. As I continued to prod him for more information, it became obvious that his expectations were totally without merit. But I took the listing at his required price and started marketing the business.

In short order, it became obvious that all buyers felt the business was so over-priced that they refused to even agree to have face-to-face appointments. Then out of the blue, after working the listing for months, the business owner presented me with two previously unknown facts. First, there were significant amounts of unpaid payroll taxes that needed to be settled. And second, the owner wanted to require that any buyer agree to keep a family member on the payroll who had been receiving an above market salary and was doing little to nothing to earn it.

Long story short, I was fortunate to find a group of buyers who wanted to diversify out of the telephone industry. When they looked at the books and tax returns, they concluded that the business was worth no more than $100,000. That’s right. I said $100,000 which was 1/12 of what the owner expected and was $1.1 million less than the listing price. The owner was happy to accept this amount and was able to settle his tax liability. By the way, the family member was immediately terminated on the day of closing.

Now let’s look at a buyer who self-destructed. For purposes of confidentiality, I cannot identify the industry. But I can tell you that it was a service company with great employees and great clients. After closing, the sellers started teaching the buyer the methods that had made them extremely successful. But the buyer resisted listening and learning and started to tamper with things he should never have touched.

When they attempted to introduce him to the important clients, he resisted the introductions and behaved in an introverted manner. When they tried to explain the importance of all the employees and independent contractors, he felt the company was over-staffed.

Because the buyer had obtained a very sizable SBA loan to acquire the business, he started feeling the pressure of debt service. This pressure got worse because clients were typically billed, and he had to wait for the accounts receivables to be collected. He was undercapitalized as many businesses find themselves to be.

So he started to terminate employees or reduce their hours. He put the terminated employee’s workloads on those that remained. The happy and harmonious environment that had existed under the former owners turned sour and oppressive. Employees started looking for new employment. When they left, the owner did not replace them. The nightmare finally ended when the buyer defaulted on the SBA loan and filed personal bankruptcy. The moral of this story is “don’t try to fix what’s not broken” or “leave well enough alone” or “a fool and his money are soon parted.”

Author’s note. After helping sellers and buyers for more than 20 years, I have found that honesty, integrity, full disclosure, patience and a willingness to consider various alternatives makes the probability of success for all parties very high.