Boardwalk Store for Sale from Procision Business Brokers

Life Style Business – Go back to the glory days of your youth and make money in the process! This is an exciting opportunity to become the Business Owner of a Boardwalk Apparel and Beach Supplies Store that has served vacationers for over a decade. The store is located in one the Jersey Shore’s most popular resort towns and is ideally positioned in the heart of the town’s bustling boardwalk. Business has been steady and profitable, yet there is the potential for further growth in the future.

The highlights of the opportunity are as follows:

• Seasonal business – Easter to Fall
• Great visibility - excellent location on the boardwalk in the center of town
• Approximately 2,000 Sf including storage and restroom
• Extensive inventory of clothing, shoes, hats, beach supplies, novelties and jewelry
• Niche operation
• Limited advertising required
• Operating for over a decade with repeat customer base

This is a great opportunity for either a First-time Buyer or a Strategic Buyer!

Sale Includes: Furniture, Fixtures, Equipment and Goodwill for $95,000

For more information, call us today at 856-228-5151.

Robert Beach, CCIM, IBBA
President
Procision Business Brokers &
Procision Commercial Realty
rbeach@procisionbb.com
www.procisionbb.com/
856-228-5151 (o)
856-228-5152 (f)

Points to Ponder for Sellers

Who best understands my business?

When interviewing intermediaries to represent the sale of your firm, it is important that you discuss your decision process for selecting one. Without this discussion, an intermediary can't respond to a prospective seller's concerns.

Are there any potential buyers?

When dealing with intermediaries, it always helps to reveal any possible buyer, an individual or a company, that has shown an interest in the business for sale. Regardless of how far in the past the interest was expressed, all possible buyers should be contacted now that your company is available for acquisition. People who have inquired about your company are certainly top prospects.

Lack of communication?

It is critical that communication between the seller, or his or her designee, and the intermediary involved in the sale, be handled promptly. Calls should be taken by both sides. If either side is busy or out of the office, the call should be returned as quickly as possible.

Does the offering memorandum have cooperation from both sides?

This document must be as complete as possible, and some of the important sections require careful input from the seller. For example: an analysis of the competition; the company's competitive advantages – and shortcomings; how the company can be grown and such issues as pending lawsuits and environmental, if any.

Where are the financials?

It may be easy for a seller to provide last year's financials, but that's just a beginning. Five years, plus current interim statements and at least one year's projections are necessary. In addition, the current statement should be audited; although this usually presents a problem for smaller firms — better to do it now than later.

Are the attorneys deal-makers?

In most cases, transaction attorneys from reputable firms do an excellent job. However, occasionally, an attorney for one side or the other becomes a deal-breaker instead of a deal-maker. A sign of this is when an attorney attempts to take over the transaction at an early stage. Sellers, and buyers, have to take note of this and inform their attorney that they want the deal to work – or change to a counsel who is a “team player.”

Intermediaries are responsible for handling what is usually the biggest asset the owner has – and they are proud of what they do. Intermediaries realize that the sale of a business can create the financial security so important to a business owner. Even when a company is in trouble, the intermediary is committed to selling it, since by doing so, jobs will be saved – and the business salvaged.

http://procisionbb.com/points-to-ponder-for-sellers/

For Sale - Main Line Catering Company in Montgomery Coun

Ideally located in the heart of the Main Line, this family run Catering Business represents a fantastic opportunity for a 1st time or strategic buyer. As a well-established and in demand operation, the Business boasts multiple industry awards, maintains a five-star rating and functions as a preferred caterer at numerous venues throughout the Greater Philadelphia region. Their diverse service offerings include off-site catering for weddings, private parties, corporate events, and various other milestone occasions. Additionally, the business greatly benefits from its unique retail facility that is located in a prime business district and heavily traveled thoroughfare. With a well-defined business structure and increasing year-over-year sales, this is an excellent opportunity for further growth in the future. Highlights of the business and building are as follows:

Highlights of the business and building are as follows:

• Fully-stocked facility with 7 years of lease term remaining
• Excellent competitive position - niche business
• Multiple in -house accounts and preferred vendor status
• Refined procedures and protocols / well-trained staff
• Over $75,000 in newer kitchen equipment
• Excellent internet & social media presence
• Continued revenue growth and business expansion

Includes: All furniture, fixtures, equipment and goodwill PRICE - $289,000

Rob Beach, CCIM, CBI
President
856.228.5151 ext. 1
rbeach@procisionbb.com

For more information, call us today at 856-228-5151.

Disclaimer: The information provided in this listing has been provided by the Seller and Procision Business Brokers has not independently verified this information and has no responsibility for its accuracy or completeness. Procision Business Brokers recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Although Procision Business Brokers are glad to arrange a meeting between you, your representatives and the Seller, we are not authorized to make any representations or warranties. You agree to hold Procision Business Brokers and our associated brokers harmless of any misrepresentations made by seller.

http://procisionbb.com/main-line-catering-company-sale/

Warehouse for Sale Westville NJ

Warehouse for Sale – Situated on Route 45 in Westville and located within a minute of Route 295 and Route 130, the site provides for excellent access to the South Jersey and Greater Philadelphia Region. This well-maintained building currently houses a well established Batting Cages and Training Facility, however it can be utilized for various industrial, warehouse or showroom uses.

Building: +/- 10,500 Sf on 0.36 acres
Zoning: Commercial
Ceiling Height & Doors: Up to 24' Ceiling Hgt / 4 drive-in doors
Location: High visibility & Close to Highway Access (Rte 130 & I295)
Parking: 20 + car parking capacity
Building Details: Metal Panel, concrete slab, Membrane roof, gas-fired heating

Call for more details or a confidential site visit.
$395,000

Rob Beach, CCIM, CBI
President
856.228.5151 ext. 1
rbeach@procisionbb.com

For more information, call us today at 856-228-5151.

http://procisionbb.com/warehouse-westville/

What Should Be in Your Partnership Agreement

Partnership agreements are essential business documents, the importance of which is difficult to overstate. No matter whether your business partner is essentially a stranger or a lifelong friend, it is prudent to have a written partnership agreement.

A good partnership agreement clearly outlines all rights and responsibilities and serves as an essential tool for dealing with fights, disagreements and unforeseen problems. With the right documentation, you can identify and eliminate a wide range of potential headaches and problems before your business even starts.

Determining the Share of Profits, Regular Draw, Contributing Cash and More

Partnership agreements will also outline the share of profits that each partner takes. Other important issues that a partnership agreement should address is determining whether or not each partner gets a regular draw. Invest considerable time to the part of the partnership agreement that outlines how money is to be distributed, as this is an area where a lot of conflict occurs.

The issue of who is contributing cash and services in order to get the business operational should also be addressed in the partnership agreement. Likewise, the percentage that each partner receives should be clearly indicated.

Partnership Agreements Outline and Prevent Potential Problem Areas

Another area of frequent problems is in the realm of who makes business decisions. Here are just a few of the types of questions that must be answered:

• Are business decisions made by a unanimous vote or a majority vote?
• What must take place in order to consider new partners?
• Who will be handling managerial work?
• How will the business continue and what changes will occur in the event of a death?
• At what stage would you have to go to court if a conflict cannot be resolved within the framework of your partnership agreement?

You might just want to get your business running as soon as possible, but not addressing these issues in the beginning could spell disaster down the road.

The Uniform Partnership Act

One option to consider, which is offered in all states except Louisiana, is the Uniform Partnership Act or UPA. The UPA covers all the legal regulations that specifically apply to partnerships.

Reduce Conflict Via a Partnership Agreement

Forming a partnership can be great way to launch a new business, but it is also important to keep in mind that no matter how exciting the process may be it is still a business. New businesses face an array of challenges, and the last thing any new business needs is internal disruption. Mapping out via a partnership agreement the duties and expectations of all partners is an easy and logical way to reduce internal conflict within the business so that you can stay focused on building the business and making money!

http://procisionbb.com/what-should-be-in-your-partnership-agreement/

Office Space for Lease in Warminster Pa - Procision Commercial Realty

Centrally located in Bucks County and easily accessible from the Pennsylvania Turnpike, 955 Mearns is a 303,000 Sf Flex Building situated just off Street Rd in Warminster, PA. Anchored by International Companies such as SP Industries and Chempump, the building is occupied by a diverse and quality tenant base. Benefits include access to an extensive highway network, availability of a well educated and skilled workforce, numerous shopping and food options nearby, high quality property management and advantageous lease rates.

• Office Suites from 3,700 to 14,000 Sf
• Outdoor Courtyard – Landscaped Setting
• Proactive Management - Well-maintained
• Plethora of Shopping & Food nearby
• Access to extensive Highway Network
• Advantageous Lease Rates & Terms

About Procision Commercial Realty Founded as a Business and Commercial Real Estate Brokerage, Procision Commercial Realty offers one-stop, synergistic services for Business Owners, Investors, Landlords and Tenants alike. Through their Comprehensive Suite of Real Estate Services and Transaction Solutions, Procision Commercial Realty serves the needs of the Greater Philadelphia and South Jersey Region. For additional information, please visit the company's website at www.Procisionbb.com or contact Robert Beach at 856-228-5151.

For more information, call us today at 856-228-5151

http://procisionbb.com/procision-business-broker-office-space-lease-warminster-pa/

*NEW PRICE* Motel / Lodging for sale in Cape May County

Location, Location, Location - The site offers high visibility and excellent exposure to both travelers and tourists alike. Situated on the corner of multiple north/south access roads and close to the Garden State Parkway, this Jersey Shore Business is uniquely positioned. Guests are centrally located and in close proximity to the Cape May Ferry, Cape May Zoo, Cold Spring Village and the southern barrier islands. Boasting a well-established reputation for value and cleanliness, this family-owned business has been proudly operating since the 1970’s. With 34 pet-friendly units including motel rooms, efficiencies and 1 & 2 bedroom units, the year-round facility can accommodate various lodging requirements. There may be the potential for additional development - bring you Land Use expert to explore the possibilities!

Highlights of the Business and site are as follows

• 34 Units - including some efficiencies and 1 & 2 bedroom units
• Large Owner's unit - 2-story, 3 bedroom, 2.5 baths
• Approximately 2 +/- acre corner lot
• Excellent location - high traffic count & visibility
• Open year round
• Amenities include a swimming pool, picnic area, charcoal grills, Wifi and pet friendly rooms Motel / Hotel Zoning - potential for additional development on site

Includes: All furniture, fixtures, equipment and goodwill

NEW PRICE - $1,599,000

Disclaimer: The information provided in this listing has been provided by the Seller and Procision Business Brokers has not independently verified this information and has no responsibility for its accuracy or completeness. Procision Business Brokers recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Although Procision Business Brokers are glad to arrange a meeting between you, your representatives and the Seller, we are not authorized to make any representations or warranties. You agree to hold Procision Business Brokers and our associated brokers harmless of any misrepresentations made by seller.

Sell Your Business and Start Your Retirement

When the day comes to sell your business, it is important that prospective buyers understand why you have made this decision. Having a valid reason why it is time for you to sell can make your business more attractive to prospective buyers. After all, it is only natural that you will have to retire at some point even if the business is thriving. In fact, it is safe to state that buying a successful business from an owner that is retiring is just the kind of the situation that most buyers like.

Owning a business and retirement, of course, is far different than retiring from a job. You likely have many friends ranging from vendors and employees to customers, clients and other business owners. It is vital that your departure does not disrupt the operation of your business and that prospective buyers understand that you have taken steps to ensure a smooth transition. In short, you want to create a situation in which everyone is happy once you have sold your business.

Helping to ensure a smooth transition has many parts. One of those parts is finding a buyer who will treat your people well. Another key aspect of a smooth transition is to automate as much of your work as possible before you leave. No one knows your business as well as you do, which means that you are the best source to automate and simplify the processes of your business. Outlining what steps you've taken to automate and simplify your business will help make it more attractive to buyers.

A key aspect of streamlining, simplifying and organizing your business is to pick out, well in advance, your second in command. Once you have decided on which person would be the best candidate, it is important that you begin grooming that person so they can take over day-to-day operations once you leave. Having a capable person who is committed to staying is a very attractive commodity for prospective buyers. A capable second in command can prove invaluable not just during the transition period but also for the long term operation of the business.

Finally, you should have set up a retirement account on which you can draw upon. Statistics indicate that roughly 50% of business owners do not have a retirement account set up in advance. If you don't have an account set up, don't panic, instead set one up as soon as possible.

Working with a business broker is one of the single best ways to handle the process of selling your business and getting ready for retirement.

A business broker can help you with everything from finding qualified prospective buyers to establishing the value of your business. The sooner you begin working with a business broker, the easier your transition will be.

Can I Buy a Business With No Collateral

At first glance the idea of buying a business with no collateral may seem impossible, but in reality it can be done. Let's examine your options. When it comes to achieving this goal, your greatest assets are an open mind and a commitment to hanging in there despite the odds.

The Small Business Association's 7 (a) Program is Your Friend

One possible avenue for buying a business with zero collateral is to opt for the SBA's 7 (a) program, which works to incentivize the bank to make a loan to a prospective buyer. Under this program, the SBA guarantees 75%. The buyer still has to put in 25%; however, this money doesn't necessarily have to be his or her money. This is where things really get interesting. The cash that the buyer uses can come from investors or even be a gift from parents in the case of young buyers. These possibilities all fall within the SBA's guidelines.

Look into Seller Financing, You Might Be Surprised

There is a second way to buy a business with no collateral, and that comes in the form of finding a seller who is willing to finance. Again, this might seem counter intuitive at first glance. But the facts are that a large percentage of sellers do agree to offer some level of financing. So in other words, seller financing is not unheard of and stands as a viable way for a prospective buyer to buy without collateral.

Combining Seller Financing and the SBA's 7 (a) Program

Combining the SBA's 7 (a) program with seller financing can prove to be a powerful combination. It is important to note, however, that if you do use the SBA's 7 (a) program the seller cannot receive his or her repayment for two years.

Persistence Pays

Ultimately, you will likely need to be rather persistent when trying to find a bank. Rejection is likely. But if you are persistent, it is possible to make the SBA's 7 (a) program work for you.

One key way to keep yourself motivated is to constantly remember that jumping through some hurdles is all part of the process since you're trying to circumvent the traditional route of using collateral. But working relentlessly may be worth it because if you are successful, you have acquired a tangible asset without any collateral of your own. That is no small accomplishment.

Don't be afraid to ask for advice from S.C.O.R.E., the Small Business Administration (SBA), or an experienced business broker. While it might sound very unlikely that you'll be able to buy a business without collateral, plenty of people have successfully done so.