Business Information 
-
-
- This is normally printed out in 20-30 pages depending on
the style of business. This one happens to have been for a food
service business. It is a good overview of what you will need
available immediately. If I am submitting an opinion of value
for a court settlement, this is normally what it will consist
of along with national and local figures. Making a potential
buyer wait for days for information is the quickest way to get
rid of them...
- (business name)
**********************************************************************
-
- (business type) BUSINESS OPPORTUNITY
-
-
-
-
- (picture)
-
- (business name)
(address)
(city)
-
- Direct inquires to:
- CHARLES BENNETT, Broker
-
-
-
-
-
-
- (business type) BUSINESS PRESENTATION
-
-
-
-
- 1. EVALUATION
- 2. DESCRIPTION AND HISTORY OF BUSINESS
- 3. INCOME AND EXPENSE
- 4. APPRAISAL OF ASSETS
- 5. LEGAL
-
-
-
-
-
-
-
- PROSPECTIVE PURCHASER INFORMATION
-
-
- This valuation and listing booklet has been
prepared by Charles Bennett, Broker. The purpose herein is to
provide a prospective purchaser with the necessary information
to proceed with the possible purchase of this restaurant (type
of) business opportunity.
-
- While Charles Bennett, Broker has endeavored
to include herein information he believes to be reliable and
relevant, he makes no representations or warranties as to the
accuracy or completeness of such information or any other written
or oral communication transmitted or made available to a prospective
purchaser, and Charles Bennett, Broker expressly disclaims any
and all liability based on such information and/or omissions
therefrom.
-
- This Memorandum, and the information contained
herein is of a propriety nature and could be damaging to the
seller if disseminated indiscriminately. In furnishing this Memorandum,
Charles Bennett, Broker undertakes no obligation to provide the
recipient with access to any additional information.
-
- RECOMMENDATION OF LEGAL AND TAX COUNSEL;
Seller and Buyer acknowledge they know that Charles Bennett,
Broker; it's agents or its employees, are not authorized to give
legal or tax advice. They acknowledge that no representation
or recommendation is made by Charles Bennett, Broker; it's agents
or it's employees, as to the legal sufficiency, legal effect
or tax consequences of this or any proposed transaction relating
thereto, and that these are matters which should be discussed
with their legal, tax or other counsel.
-
- CHARLES BENNETT, Broker
-
-
- Charles Bennett, Broker is a professional
business brokerage firm that specializes in business sales, mergers,
acquisitions and evaluations of privately owned companies. Charles
Bennett has a successful track record in real property and business
sales since 1979. Bennett has expertise in a variety of business
areas. Exclusive focus on business sales enables Bennett to sell
his client's businesses for top market value.
-
- Bennett will represent you exclusively. Represent
you in screening a potential buyer for qualifications, and for
confidentiality. Bennett may cooperate with other agents and
companies in order to represent you in obtaining the highest
possible price and terms.
- The Internet is proving more and more to
be a valuable advertising tool. Your business will be available
on the home page of www.BIZOLOGY.com as well as the sites of
www.BizBuySell.com/bizology.html and the IBBA and other leading
sites.
- Bennett also works with other real estate
companies that specialize in selling homes and not trained or
able to sell businesses. A sales lead may come from this kind
of source on a referral basis.
-
- CHARLES BENNETT started his real estate career
in 1978 as a residential salesman in Manchester, New Hampshire.
In 1985 he opened his own brokerage office specializing in residential
and investment properties. In the first year of operation, Charles
Bennett Realty, Inc. received the top three designations awarded
by the Board of REALTORS for their class; Highest Number of Listings,
Highest Number of Listings Sold, and Highest Number of Transactions
per Associate.
-
- In 1988, Charles Bennett went on a two week
vacation to Florida and fell in love. With visions of opportunities
unbounded, he returned to New Hampshire and sold his homes, apartment
buildings and office building and moved within 90 days to Florida.
-
- The first five years were spent living on
a 42' sailboat in Sarasota selling homes, apartment buildings
and business opportunities. While there, he turned down the opportunity
to manage one of the premier offices for Prudential Florida Real
Estate. With a smile he said "A good agent can always satisfy
more clients than a great manager..." He didn't get off
the hook quite so easily and ended up agreeing to teach the property
valuation classes to their agents!
-
- In 1992 Charles Bennett move to Fort Lauderdale
where he specialized in business opportunities sales exclusively.
His focus was on Southeast Florida, from Miami to Jupiter, where
he fast became one of the leaders in the industry.
-
- In 1998, Bennett and his wife decided to
move north, Florida was just not where they wanted to be to put
down deep roots. Not wanting the never ending heat, the almost
never ending snow and cold of deep New England, they chose Virginia.
With mountains, the ocean, parks, culture, history and a very
strong business economy, he knows what it will take to bring
in new buyers for existing businesses.
-
- 1978 - New Hampshire Real Estate License
- 1983 - Chairman of the Committee to Computerize
MLS for NH
- 1984 - Chairman of the Committee to Computerize
MLS for NH
- 1985 - New Hampshire Brokers License
- 1986 - Founded Charles Bennett Realty, Inc.
- 1986 - Began selling business opportunities
- 1989 - Florida Real Estate License
- 1992 - Florida Brokers License
- 1998 - Virginia Brokers License
-
- Business opportunity transactions and investment
decisions are most successful when they are based upon objective
counsel. Charles Bennett brings to each assignment experience,
expertise and honesty. He will turn you down before he will let
you down and tell you what you need to know. Not necessarily
what you want to hear.
-
- Charles Bennett, Broker
-
-
-
-
- "VALUATION"
-
- BUSINESS VALUATIONS
-
- Business valuation is a function of many
factors: annual sales, financial assets, current performance
and future outlook.
- There are several widely accepted valuation
techniques that are based on annual "Owner Benefits"
(net adjusted cash flow benefits to the owner before interest
and taxes).
-
- Cash Flow Method - A multiple of Owner Benefits;
1.5 to 2.5 depending on the type of business.
-
- Capitalization Rate- The rate an investor
desires from his investment based upon the level of risk involved.
30% is the minimum CAP for businesses today. The CAP is divided
into the Owner Benefits less the cost of absentee management.
-
- Asset -Cash Flow Formula- This formula is
often used to determine an approximate value of a business with
high inventory or overall asset value.
-
- Valuation is also a function of the financing
terms. Today's market indicates a cash down payment of 35-50%
and a Seller's Note for the balance paid off over 5-15 years
at an interest rate of 8-10%.
-
- Ultimately, the value of a business is determined
in the marketplace based upon what comparative businesses are
selling for.
-
-
-
-
- (business type) VALUATION REPORT
-
- (business name)
(address)
(city)
-
-
- This (business type) Valuation Report is
based on certain assumptions and information supplied by third
parties. This valuation is provided for the purpose of determining
a "Range of Value" for the owners to determine a price
for marketing the business for sale and the purchaser's contemplating
an offer to purchase.
-
- No person receiving this information should
rely on any conclusions set forth and is specifically instructed
to make his or her own independent analysis of the business.
-
-
- CHARLES BENNETT, Broker
-
-
-
-
- THE RANGE OF VALUE OF (business name) IS
:
-
- PRICE
- (ALPHA PRICE)
-
- THE RANGE OF VALUE OF (BUSINESS NAME) IS
BASED ON THE FOLLOWING COMPUTATIONS:
-
-
- 1999 Gross Sales $
-
- Reconstructed Gross Profit $
-
- Reconstructed Expenses $
-
- Reconstructed Cash Flow $
-
- Value of Cash Flow based on a Cap Rate determined
by the preparer using subjective system of scoring and weighing
several aspects of the business (business name)'s Cap Rate is
(cap) which gives an estimated value to the cash flow of: $
-
- The estimate of the value of the assets of
furniture and equipment: (30% of new)$
-
-
- TOTAL $
-
-
- Total for the Range of Value for the business
is rounded to:$
-
-
-
-
-
- BASIC IDEAS WHICH ASSIST IN DETERMINING
THE VALUE OF A BUSINESS OPERATION
-
- This scoring is subjective in method. It's
purpose is to create logical handles to use on the multiplier
of the restructured cash flow. The items were chosen based on
experience and study of the business by the evaluator.
-
- Business Name Date
-
- 1. LENGTH OF TIME IN BUSINESS
- A. 1 year C. 5 years
- (1 point) (3 points)
- B. 3 years D. 7 years
- (2 points) (4 points) _____
-
- 2. LOCATION
- A. Fair C. Excellent
- (1 point) (3 points)
- B. Good
- (2 points) _____
-
- 3. TIME LEFT ON THE LEASE
- A. Less than 5 years with no options C. 10
years
- (0 points) (3 points)
- B. 5 years D. over 10 years
- (2 points) (4 points) _____
-
- 4. VOLUME INCREASE OR DECREASE EACH YEAR
OF THE PAST THREE YEARS
- A. Increase (5 points)
- B. Decrease (0 points) _____
-
- 5. The owner is "KEYMAN" to the
business
- A. YES (0 points)
- B. NO (3 points) _____
-
- 6. REPUTATION OF THE BUSINESS
- A. Good B. Excellent
- (1 point) (2 points) _____
-
- 7. OWNER CARRY FINANCING
- A. Yes B. No
- (4 points) (0 points) _____
-
- 8. CASH FLOW
- A. 5% Cash flow D. 15% Cash flow
- (2 points) (11 points)
- B. 7.5% Cash flow E. 20% Cash flow
- (5 points) (15 points)
- C. 10% Cash flow
- (8 points) _____
-
- TOTAL POINTS _____
-
- 1. TOTAL POINTS ____ divided by 40 (possible
points) = point %
-
- 2. % of 200 = cap
-
- 3. cap X restructure cash flow of $ = $
-
-
-
- "DESCRIPTION AND HISTORY OF
BUSINESS"
-
- PHOTOS
-
- GENERAL INFORMATION
- (business name)
(address)
(city)
- Type of business ____________________ Telephone
___________________
- Building structure __________________ Space
occupied ______________
- Property dimensions (front feet and depth)
___________________________
- Parking ____________________________________________
- Own or lease __________________ Lease amount
per month __________
- Time left on lease __________________ Options
_________________________
- Name of businesses adjoining on each side
_________________________________
__________________________________________________________________
- Number of seats in bar _______ Dining room
________ Other ________
- Check average: Breakfast _________ Lunch
_________ Dinner _________
- Food/beverage percent of gross sales: Food
_______ Beverage _______
- Gross sales: 1997 ___________ 1996 ___________
1995 ___________
- Number of employees: Full time _______ Part
time _______
- Business hours: ___________________________________________________________
- Remarks: _________________________________________________________________
_________________________________________________________________________
- ___________________
- Date
-
- ______________________________________
Owners signature
-
-
- HISTORY
- MENU (could be price list, brochure, depending
upon type of business)
- MAP LOCATION
- AREA CENSUS (if and when readily available
to the public)
- INCOME AND EXPENSES
-
- TO A POTENTIAL PURCHASER
-
- (BUSINESS NAME)
- (ADDRESS)
- (CITY)
-
-
- I have made specific adjustments, as discussed
in the following pages, to accounting records provided by the
present owners of the (business type) for the purpose of assisting
you in the proposed acquisition of the property. It is understood
that this report is solely for your information and is not to
be distributed to anyone for any other purposes.
- We assume no responsibility for the accuracy
of the data contained in the Cash Flow statement and any prospective
purchaser is specifically instructed to make his or her own independent
analysis of the business.
-
-
-
|