"Increased regulation of bank lending still needs to allow for measured risks that permit sound small businesses to receive funding needed to thrive."
Read the full article at Inc.com., In The Trenches, written by Vanessa Merit Nornberg. Vanessa recounts her experiences with financing for her small business start up, Metal Mafia. Interesting and insightful take on the current climate for credit availability for small business.
Click here to read the article.
Showing posts with label larry battershell. Show all posts
Showing posts with label larry battershell. Show all posts
Wednesday, June 27, 2012
Monday, October 10, 2011
Check out my latest Listing Spotlight...
Are you looking to buy a business... check out Larry's Listing Spotlight...
click the image below or click here to view...
click the image below or click here to view...
Thursday, August 18, 2011
Check out "Keep Your Bar Successful by Tracking Inventory."
"Hey bar owners, or those interested in being bar owners, check out this great article on tracking inventory..." - Larry
Tracking Inventory: A Profit Paper Trail
Nightclub & Bar (www.nightclub.com)
August 15, 2011
By: Robert Plotkin
To be financially successful, you need to know what inventory you have, how much you paid for it and exactly where it is at any point in time. Tracking products throughout your operation doesn't necessitate purchasing high-priced software. Instead, it requires implementing a series of overlapping internal systems that in concert track every product through the inventory cycle. In bookkeeping jargon, it's referred to as "cradle-to-grave" accounting. While uncomplicated, they key to the system is ensuring that all of the components are in place and being used properly.
To read the full article... click here.
Tracking Inventory: A Profit Paper Trail
Nightclub & Bar (www.nightclub.com)
August 15, 2011
By: Robert Plotkin
To be financially successful, you need to know what inventory you have, how much you paid for it and exactly where it is at any point in time. Tracking products throughout your operation doesn't necessitate purchasing high-priced software. Instead, it requires implementing a series of overlapping internal systems that in concert track every product through the inventory cycle. In bookkeeping jargon, it's referred to as "cradle-to-grave" accounting. While uncomplicated, they key to the system is ensuring that all of the components are in place and being used properly.
To read the full article... click here.
Monday, September 13, 2010
Tuesday, August 3, 2010
Check out my Spotlight of Businesses for Sale!
To view click the image...
If any of the businesses shown here interest you... contact me.
Click here to email the Business Sherpa.
Wednesday, July 7, 2010
Check out Thirst rises for liquor licenses in Marion County
Thirst rises for liquor licenses in Marion County
IBJ.com
Finding the golden ticket of a liquor license in Indianapolis can be tricky—and costly. All 321 permits allowed in Marion County under a state quota have been allotted. Unless a restaurant is opening in an “off-quota” district, the owner has to find someone willing to transfer an existing license.
Contact me to find out more about existing bars/restaurants for sale in Indianapolis!
Inbizsales@aol.com
IBJ.com
Finding the golden ticket of a liquor license in Indianapolis can be tricky—and costly. All 321 permits allowed in Marion County under a state quota have been allotted. Unless a restaurant is opening in an “off-quota” district, the owner has to find someone willing to transfer an existing license.
Contact me to find out more about existing bars/restaurants for sale in Indianapolis!
Inbizsales@aol.com
Monday, July 6, 2009
Slow economy means Central Indiana businesses are changing hands at a slower pace
Slow economy means Central Indiana businesses are changing hands at a slower pace
Slow economy means fewer deals, but prices are holding steady
By Nicole Blake
Posted: July 4, 2009
Have a business for sale?
Now is not the time.
Fewer Indianapolis businesses are being sold, and those that do make it to the closing table are netting a lower price with sellers footing more of the financing responsibility, according to area business brokers.
The number of businesses sold in Indianapolis and Carmel and reported to BizBuySell.com dropped 77 percent in the second quarter of 2009 compared with the same period last year, according to the online service. BizBuySell.com is the largest online directory of small businesses for sale nationwide.
Only three transactions were reported to BizBuySell.com in the second quarter this year, compared with 13 during the same time last year, BizBuySell reported.
The median sale price was $250,000, the same as in the second quarter of 2008.
Blame it on the economy.
"People looking (to purchase a business) don't have as much money as they had before," said Mike Handelsman, general manager of BizBuySell.com.
Handelsman said rising unemployment has increased the pool of potential business buyers, but they aren't equipped to assume the risks in a down economy.
"To make matters worse, banks just aren't willing to back business purchase transactions to the same level that they had in the past," he said.
BizBuySell.com issues a quarterly report that examines national business sales transactions.
More than 70 major metropolitan areas had 1,040 transactions during the second quarter of 2009. That was a 50 percent drop from the number of businesses sold in the same period last year.
Businesses typically stay on the market six to 12 months, but the sour economy has added 60 to 90 days to the waiting period, said Larry Battershell, a business broker for Sunbelt Indiana Business Resource. The company represents business sellers.
Especially hard-hit are businesses in the food and beverage industry, Battershell said.
The prices for such businesses have dropped 10 percent to 30 percent among those businesses sold through his company.
Rather than risk netting less on a sale, business owners are waiting, said Battershell.
"For those that aren't under immediate pressure to sell, they've pretty much gone to the sidelines," he said.
Additional Facts
BUSINESS FOR SALE
This is a sampling of some of the 103 Indianapolis-area
businesses listed for sale at BizBuySell.com.
»Bar/restaurant in Broad Ripple: $250,000.
»Coffee shop and cafe near the Geist area: $175,000.
»Chiropractic practice in Hamilton County: $135,000.
»Day-care center in Johnson County: $110,000.
»Dry cleaning plant west of Indianapolis: $195,000.
Source: BizBuySell.com
Slow economy means fewer deals, but prices are holding steady
By Nicole Blake
Posted: July 4, 2009
Have a business for sale?
Now is not the time.
Fewer Indianapolis businesses are being sold, and those that do make it to the closing table are netting a lower price with sellers footing more of the financing responsibility, according to area business brokers.
The number of businesses sold in Indianapolis and Carmel and reported to BizBuySell.com dropped 77 percent in the second quarter of 2009 compared with the same period last year, according to the online service. BizBuySell.com is the largest online directory of small businesses for sale nationwide.
Only three transactions were reported to BizBuySell.com in the second quarter this year, compared with 13 during the same time last year, BizBuySell reported.
The median sale price was $250,000, the same as in the second quarter of 2008.
Blame it on the economy.
"People looking (to purchase a business) don't have as much money as they had before," said Mike Handelsman, general manager of BizBuySell.com.
Handelsman said rising unemployment has increased the pool of potential business buyers, but they aren't equipped to assume the risks in a down economy.
"To make matters worse, banks just aren't willing to back business purchase transactions to the same level that they had in the past," he said.
BizBuySell.com issues a quarterly report that examines national business sales transactions.
More than 70 major metropolitan areas had 1,040 transactions during the second quarter of 2009. That was a 50 percent drop from the number of businesses sold in the same period last year.
Businesses typically stay on the market six to 12 months, but the sour economy has added 60 to 90 days to the waiting period, said Larry Battershell, a business broker for Sunbelt Indiana Business Resource. The company represents business sellers.
Especially hard-hit are businesses in the food and beverage industry, Battershell said.
The prices for such businesses have dropped 10 percent to 30 percent among those businesses sold through his company.
Rather than risk netting less on a sale, business owners are waiting, said Battershell.
"For those that aren't under immediate pressure to sell, they've pretty much gone to the sidelines," he said.
Additional Facts
BUSINESS FOR SALE
This is a sampling of some of the 103 Indianapolis-area
businesses listed for sale at BizBuySell.com.
»Bar/restaurant in Broad Ripple: $250,000.
»Coffee shop and cafe near the Geist area: $175,000.
»Chiropractic practice in Hamilton County: $135,000.
»Day-care center in Johnson County: $110,000.
»Dry cleaning plant west of Indianapolis: $195,000.
Source: BizBuySell.com
Wednesday, June 24, 2009
Suggested Reading: Stone's Fall
Stone's Fall
A novel by Iain Pears
An Instance of the Fingerpost, Stone's Fall weaves a story of love and high finance into the fabric of a page-turning thriller. A novel to stand alongside Atonement and The Remains of the Day.
A panoramic novel with a riveting mystery at its heart, Stone's Fall is a quest, a love story, and a tale of murder - richly satisfying and completely engaging on many levels. It centres on the career of a very wealthy financier and the mysterious circumstances of his death, cast against the backdrop of WWI and Europe's first great age of espionage, the evolution of high-stakes international finance and the beginning of the twentieth century's arms race. Stone's Fall is a major return to the thriller form that first launched Iain Pears onto bestseller lists around the world and that earned him acclaim as a mesmerizing storyteller.
Friday, May 22, 2009
Congratulations to my Son!
Congratulations to my son Carson upon his graduation on May 9 from the University of Central Florida Rosen College of Hospitality Management. Carson is currently working for JW Marriott in Orldano.
Thursday, May 7, 2009
The Mao Case
I have recently read a mystery by Qiu Xiaalong called The Mao Case which was an entertaining and an enlightening look at modern China through the tale of Inspector Chen who recites chinese poetry and Confucious sayings while solving complex and polically sensitive murder cases. A great read for any one with a modicum of interest in modern China, its history, culture and political envirionment. This is a special treat!
Click here for more information on the book.
Wednesday, April 15, 2009
Thursday, March 26, 2009
Larry's "Hoosier Madness" Listing Spotlight
Hoosier Madness!
Larry's Listing Spotlight
Small Town Pub/Restaurant w/ RE: (C-N814) Hamilton County. Seats 85. 210 Liquor License.
Specialty Portrait Service: (H-N800) A newborn hospital portrait service established 10 years. Owners Cash Flow $90k.
Suburban Eastside Pub: (A-N807) Gross Revenue $800k/yr. 3-way. Kitchen.
Franchise Pizza/Pub: (C-N780) Suburban N-Side. Motivated.
Bar/Restaurant: Broadripple. 210 Liquor License. Asking $250k.
Amublance Service: (H-N747) Provides basic life support, paramedic & 911 emergency services plus non-emergency transportation. Gross Revenue $4.7 million w/ Cash Flow $1 million.
Self Storage Facility: 136 units. 3 acres plus 4500 sq. ft. building. Indianapolis.
Auto Collision Repair: (H-N751) Established over 39 years. Gross Revenue $2.1 million w/ $270k cash flow.
Laser Esthetic Center: (H-N621) Established 3 years. Six figure cash flow.
Winery: (L-N663) $1.9 million Gross Revenue. $400k Cash Flow.
Downtown Neighborhood Tavern w/ RE: 3-way. Kitchen.
Bar/Restaurant: Southside Indy. Family owned for over 16 years.
Concrete Lifting/Raising Service: Central Indiana.
Package Liquor Store: N. Side. RE Included.
Downtown Indy Cafe: Beer & Wine. Seats 50. RE Included! Sports Bar: Hendricks County. Very nice!
High Volume Upscale Sports Bar: Hamilton County.
Rural Southern Indiana Bar/Restaurant: with Real Estate
High Volume Franchise Steakhouse: Central Indiana. Makes $$!
Specialty Portrait Service: (H-N800) A newborn hospital portrait service established 10 years. Owners Cash Flow $90k.
Suburban Eastside Pub: (A-N807) Gross Revenue $800k/yr. 3-way. Kitchen.
Franchise Pizza/Pub: (C-N780) Suburban N-Side. Motivated.
Bar/Restaurant: Broadripple. 210 Liquor License. Asking $250k.
Amublance Service: (H-N747) Provides basic life support, paramedic & 911 emergency services plus non-emergency transportation. Gross Revenue $4.7 million w/ Cash Flow $1 million.
Self Storage Facility: 136 units. 3 acres plus 4500 sq. ft. building. Indianapolis.
Auto Collision Repair: (H-N751) Established over 39 years. Gross Revenue $2.1 million w/ $270k cash flow.
Laser Esthetic Center: (H-N621) Established 3 years. Six figure cash flow.
Winery: (L-N663) $1.9 million Gross Revenue. $400k Cash Flow.
Downtown Neighborhood Tavern w/ RE: 3-way. Kitchen.
Bar/Restaurant: Southside Indy. Family owned for over 16 years.
Concrete Lifting/Raising Service: Central Indiana.
Package Liquor Store: N. Side. RE Included.
Downtown Indy Cafe: Beer & Wine. Seats 50. RE Included! Sports Bar: Hendricks County. Very nice!
High Volume Upscale Sports Bar: Hamilton County.
Rural Southern Indiana Bar/Restaurant: with Real Estate
High Volume Franchise Steakhouse: Central Indiana. Makes $$!
Friday, February 20, 2009
Larry Battershell Named Industry Expert!
The 2009 Business Reference Guide "The Essential Guide to Pricing Businesses and Franchises", 19th Edition, has named Larry Battershell an "Industry Expert" in 'Bars' and 'Restaurants, Limited Service'.
The guide is the premier source of business valuation information in the business broker industry.
The guide is the premier source of business valuation information in the business broker industry.
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Son Isaac on Camel in Tangiers
