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Monthly Archives: April 2017

Guide to Start a Gym Business

The other way to do it is to buy an existing business with its built in clientele. If it is a membership fitness center, the clients are locked in for the period of their contract. Any membership considerations should be fully disclosed and made part of any buy out agreement. Again there may be franchise considerations that need to be disclosed.

This type of business will have some pretty healthy start-up cost or buy-out cost associated with it. The equipment needed and the employees to run the business are going to be substantial money drain as well as the building, the utilities and other business expenses. If it is a buy-out of an existing business the client list is worth a great deal. This cash flow generator will have a value of what it brings in each year. If the business is a franchise operation, there may be on going payments to be part of the franchise. If it is a start-up franchise then there will be additional cost to buy the franchise. This business will entail a substantial investment to buy or start. If this is your area of expertise, then you will need to figure out how much you can bring to the table to see if you can afford the purchase price or the start-up expense.

There is every reason to believe that you can make money owning one of these facilities. People are very conscious of the need to keep their body fit and are willing to pay good money to make this part of their life style. This was a fad at one time, but now it has become part of the culture to keep your body in good health. Many people need the added incentive to go to a place where they are expected to work out to keep their body in good repair. They also may need the advice of a fitness expert on how to take off weight or gain it back. The client may also need the exercise as part of a rehabilitation program. Or maybe the guy or girl just wants to look good to other people. It does not matter why they come to the center, just that they do and are willing to continue to pay to come.

Finding the right center for you to run

There are several ways to find businesses that are up for sale. The local papers can be one source. Business brokers are another solid source. A buyer can also use the Internet to find businesses that are for sale and business brokers that will help in the search. Finding a business in this field in your city may be difficult as there are not always candidates in this field for sale in all areas. This may be a good reason to get a good business broker on your side. They will know what is available and maybe a good deal about this market. This buy-out may necessitate moving to another city to find a business to purchase.

A business broker may be of great use in this business search. This is a unique business area and the number of businesses for sale will be somewhat limited and usually found only in larger cities. A larger business broker company would be a good place to start this investigation of what is available. This unique business would be a likely candidate to use a broker to help them make the sale.

Buying or financing a fitness business

Since this business has a high dollar cost to get into, most buyers will need to have substantial funds available or solid financing in order to buy an existing business or start one up. The money sources for this venture can be the current owner, an Internet business lender, your bank, your relatives, loans on property you own or family-money. This purchase is not a small consideration and most likely will take some kind of financing for most new owners. You should be aware of this going in and a discussion with a business broker could help you figure if it is feasible for you to make happen. This business is capital intensive to enter. The return can be excellent, but the upfront money needs to be considered from the beginning. If you are going to need financing, then the availability of financing will depend on what you can put down and your credit and business history. The deposit has to be a reasonable percentage of the full price for the business. Even owner financing will require a sizeable deposit on your part. The best course of action early on is to have a heart-to-heart conversation with a qualified business broker to see if it is possible for you to pull it off. If that answer is yes then finding the correct property for you may take some time to ferret out. You might be wise to check out some franchise operations to see what they offer. As you can see this is not like buying a local retail store or hardware. Check out the Net for yourself to see the listings and where you would have to buy in order to find a business for sale. There are not as many opportunities in this niche market as there are in other businesses. It just does not lend itself to starting one up without enough of a population to support its operation. Patience in finding the right property and the right deal will pay back big dividends in the long run. This is no place to buy a big white elephant.

Conclusions

This business entity is not as easy to find as other businesses are in every community. There are always restaurants for sale in every larger town. That may not be true with this type of business. You may have to look in other towns near you in order to find one that is for sale at a price that is within your budget. Even then you need to arrange financing that is reasonable when compared to the cash flow of the business. Franchising or a private center is another question to answer. All of these considerations must be looked at with a cold and realistic eye in order to have a chance for success in the future. The investment needed to carry this out requires that any reasonable buyer do this.

The ongoing expense of running this type of business must also be studied. Employees and advertising are going to be critical to running a successful operation. The long hours of operation are not like running an office. This factor alone makes employees a serious consideration. Another serious budget item will be an advertising campaign that will need to be active most months of the year. Certainly a solid campaign the last few months of the year when people are making up the New Year resolutions to get into better shape in the coming year. This is a solid business opportunity for those that have the funds or can get them.

 

Ideas of Agricultural Business Start Up

Many of the related agricultural businesses will not take the capital to get started or to buy that is needed for the purchase of a large ranch or farm Farming these days is a capital intensive business and this is one of the reasons that family units are always coming on the market. This opens the door for opportunity for the person looking to buy, but it also means that the buyer must have the capital or credit to make the purchase. A suggestion for a potential buyer is contact brokers who specialized in these businesses and see what is being offered and the terms of the offers. This will quickly inform the buyer what they are going to need to make a sale happen.

Getting started in related businesses

If you are interested in owning an agricultural business that supports the farming community, then your capital outlay may be significantly lower and may show a higher percentage return on investment. Farming has a low return on invested capital since the price of land and equipment has sky rocketed in this current market. Some of the other specialized businesses can be purchased or started with less capital and the percentage return is considerably higher. These are factors that should be considered by a potential new owner. One of the reasons that the family units come to market is just this fact. The old owners die or wish to retire and their children do not with to continue the business. So they put it up for sale, knowing they can get a better return on their money without the work or the risk of farming. Brokers usually know why a property is being offered and this knowledge can help the buyer make a better deal with the old owner. Maybe just as a matter of principal, they want to see their farm remain a family farm and not part of a large agricultural corporation.

Related businesses offer the potential owner the chance to be in the agricultural business, but with a lower entry cost. Again check the Internet and with brokers to see if there are existing businesses for sale. If you are planning a new start-up, then you will need to do a good deal of investigation and planning to see if your idea is feasible. The biggest problem you will have is the agricultural community is pretty loyal to old suppliers and a start-up must fight this earned loyalty. Another question is there enough possible business to make your operation money above expenses.

If you are going into a specialized crop area then this may be a situation where the return is much higher than normal farming. Some specialized crops do not take a huge amount of acreage to be successful. A small hot pepper farm can make a killing if they have the right crop and their harvesting season is different than the rest of the world. Small wineries in many states are allowing families to make a livable income and enjoy their way of life. Your broker should know if any of these types of agricultural businesses are for sale, or will you need to start your own operation from scratch.

A farm supply company is just a specialized retail store. If you know how to buy merchandise and then market it, this can be a very profitable business. If you can find a need and fill it then you are going to be well ahead for most businesses. Winning on price is a dangerous way to do business. Filling a need with something that others do not offer is a sure way to make money. This kind of a start-up is golden.

Any kind of special farm product that can be grown on small amounts of acreage can be a profitable venture as the capital cost are kept low and the return can be substantial. If you like an area and there is land available maybe this kind of agricultural business should be looked at and considered. Ag businesses that are support in nature and have nothing to do with the actual growing of the crops can be profitable as long as the farm community is financially healthy.

Conclusions

There are always agricultural businesses for sale; the problem is many potential owners do not have the needed capital or credit to pull off the deal. Farming is a high dollar investment due to the cost of land and equipment. It is also hard to begin a start-up since land is dear and good land is hard to find. This means that the only way most people can get into this area of the agricultural business is to buy an existing operation. Related agricultural businesses can also be found on the market. They may be easier to buy, as the investment needed will probably be lower and terms may be easier to arrange. This area is also easier to get a start-up off the ground and running.

Special crop production is another way to make it in the agricultural business. If you know how to produce a special farm product and you do not need a lot of land to make it work, then this area may be just the ticket. The markets are wide open for quality higher priced farm products.

The best advice that a potential owner can get is study the market and make sure you have the needed money to pull off whatever deal you are looking at. Find a knowledgeable broker and ask lots of questions. Use the Internet to look up answers to questions that you come across.

 

Guide to Start a Car Wash Business

Starting either from scratch would cost a certain amount. Whether this would be more of less than buying an existing business would depend on the deal that could be made with the current owner. If the owner is motivated and trying to just get out of the business, then a better deal may be possible. The circumstances would dictate the answers to these questions.

Talking with business brokers and looking on the Internet could help in finding a person with a mobile business. The fixed property would probably be easier to find.

Another possibility would be to start with a mobile business and as the cash flow became more stable, look into getting or adding a fixed location car wash.

The Internet is a terrific way to find businesses/equipment for sale

A person thinking about starting one of these car wash associated businesses can easily find car washes for sale and brokers who represent them. The mobile businesses may be slightly harder to find, but they are available. The advantage of buying an existing business is almost always a better way to go than starting one from scratch. The immediate cash flow and clients is a huge plus to a new owner. This factor could be the difference between success and failure. An existing business is much easier to push past the break-even point and to a successful venture. A true start-up business has to gain clients and slowly build up cash flow. The question for the owner of this business is will it happen soon enough for the business to survive.

Talk with a broker about what is available and the terms they feel they can obtain from the current owner. If this is out of your reach financially, then a mobile hand wash could be the answer or using a small power washer to get the business off the ground and started. There are several options in this business that could lead to a successful new business. Getting clients will be the biggest problem facing the new owner of such a business, as there are few to none when the business is opened.

The Internet can be used to find equipment, which is new or used. This is another real advantage of using this tool to help a potential owner find what is needed. Just put in what you are looking for in the search box and you will be surprised at how many sources will show up.

Arranging financing of an existing business

The current owner is the obvious source of some financing of an existing business. The problem is the buyer will have to pay a higher price for the business than if it were being purchased for cash. Having your financing in place when making your offer for the business will save money on the purchase price.

The Internet is an excellent way to find business financing for your purchase. There are several firms that show up on the Net for this type of loans. These firms are in the business of doing this kind of lending and are much more understanding of the problems a new owner faces when buying a business. They are certainly worth contacting and discussing your situation.

Car Wash information and Car Wash business planning

There are great sources on the Net that will help the potential owner of any type of business. The Car Wash business is well covered and a buyer can get good information about running and owning this type of business. Having prior knowledge of what is needed to be successful in this business will help a potential buyer decide if this is the correct move for them to follow. A book that tells the facts is invaluable to the buyer of such a business. Getting an up close and personal look before the fact lets the buyer imagine what it would be like to own a car wash business. If they like what the see in their minds eye they can pursue the project.

Another way to get information is to speak with people in the business. They may be willing to talk if they are sure that you will not be in competition with them. They could lead you to brokers and companies that would be helpful in getting more information. The one question that you should try to get them to answer is would they do it again. Has it panned out like they thought it would before they got into it?

Any information from all sources will help you evaluate even better the advantages and disadvantages of going into such a business. This is true of any type of business that a person is considering.

The problem as always is one size does not fit all. One owners experience could be great and another could wish they never made the decision

Conclusions

This business, car washing, has so many options available to owners and potential buyers that need to be looked at and considered very carefully.

It is not like buying a restaurant or a plumbing company. Those businesses have limited variations such as location or the type special services they offer. This business has many different levels of financial commitment to buy or start. All of these options make this an interesting business to consider. People are very particular about their cars these days. Their car represents a substantial investment that needs care and ongoing maintenance. This means this business niche is likely to grow and be used by more people all of the time. A trend like that makes this business even more attractive to the potential owner.

Finding a business for sale and the needed money to make the purchase is fairly easy for a person that is used to using an Internet search engine. If you speak with someone in the business, they may be very helpful and even better they may be in the market to sell. If they are, the obvious question is why do they want to sell. In any event they could give you valuable insight into the business.