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Richard K Parker's articles
To buy business assets can be a daunting prospect, especially if you have not done this before. While it may be somewhat easier than establishing your own operation from scratch, understand that you are taking on, in many respects, the liabilities of somebody who is a complete stranger to you.
Posted: 2010-02-16
Category: Business
The food and beverage industry has always been one of the most attractive for the would-be entrepreneur. When we consider fundamentals, something that each one of us must purchase to survive, food and drink of course comes at the top of the list. While this may be the case, there are many complex issues to consider before you buy a business involving an existing restaurant and it's important to remember that less than one in 10 purchases succeed.
Posted: 2010-02-11
Category: Business
The process of gas station valuation can be a tricky business. Quite apart from the question of how you approach the actual valuation itself, you have many variables to take into account including principally whether the property is leased or owned and whether it is owned or part of a franchise agreement with a major oil company, for example. Above all else, remember to conduct a proper process of due diligence.
Posted: 2009-12-11
Category: Business
Everybody has to eat to survive and over time we have developed this necessity into a process of socializing. As such, a restaurant is one of the most popular businesses and one which may represent an even more attractive purchase proposition if you have a particular taste for a certain type of food!
Posted: 2009-12-06
Category: Business
The process of due diligence is essential when buying a website internet business operation. It is estimated that up to 50% of all deals can fall apart during this process and this is most often due to some misrepresentations during the initial discovery, but can also often be due to an inadequate assessment by the buyer, leading to cold feet.
Posted: 2009-12-02
Category: Internet Business
A gas station for sale can represent a very dynamic business opportunity for an entrepreneur. More than ever in this particular type of business, location is everything. You may have found what you consider to be a "gem," near two major arteries or close to a busy intersection, but never be tempted to jump in with both feet first until you have conducted an adequate process of due diligence.
Posted: 2009-12-02
Category: Business
The process of due diligence goes way beyond just an assessment of the presented financials. You need to be able to access all the files and records, review information and research personnel as you review what you're being told. It is recommended that you allocate at least four weeks for this process and do not be tempted to rush to judgment. Some issues may only come to light over a period of time and thus you should proceed carefully.
Posted: 2009-11-30
Category: Business
When a prospective buyer is trying to establish whether he or she will buy a particular business operation, there are many elements to consider. When prospects arise, quite apart from the question of suitability, location and longevity, the issue of real-world business valuation is front and center. The seller will present financial documents and it is, of course, in their best interests to portray the business for sale in a shining light.
Posted: 2009-11-26
Category: Business
Buying a wholesale distribution business requires a complete understanding of the associated industry, the methods required to make this particular business "tick" and an understanding of the main income drivers. Such an entity is very different to a traditional service business and can be far more complicated than it may seem from the outset. In short, it is far more than a question of establishing a volume of repetition.
Posted: 2009-11-20
Category: Business
The restaurant business can be very volatile and this will often be reflected in the number of restaurants available for sale at any one time. As the failure rate can be so staggering you need to get to the bottom of the reasons behind the sale and conclude whether you will be successful as the new owner.
Posted: 2009-08-27
Category: Business
