The Role Of Business Appraisers

The Role Of Business Appraisers

If you are looking to buy or sell a business in the near future then you may want to consult an independent source for an accurate valuation of the business. No matter whether you are buying or selling, you should get your own valuation so you know what sort of figure you should expect to pay or receive. This is where business appraisers come in.

The role of business appraisers in the buying and selling of a business is to establish the value of the business in question, put in the simplest possible terms. Of course, there are a lot of different aspects to the role of business appraisers, but that is the general function. As such, they are vital if you are a budding entrepreneur and want to expand your business portfolio or wish to get on that ladder in the near future.

What Do Business Appraisers Do?
The role of business appraisers is essentially to go into a business and value the total property and assets to be sold. This includes assessing the books to determine the profit margin as of the present day and the predicted levels that may occur in the future, the real estate value of the property, the level of the total business assets and the value of any existing contracts or long term commitments that the business has.

For any sale of a business to occur, a full and independent assessment of the business’s value must be completed and so there is also a legal element to the role of business appraisers. They are obliged to document everything, examine the accounts that are available and record their findings. They have to be impartial and favor neither the business nor the client. As they may have to provide a figure for the value of the business to the IRS and other legal and governmental bodies, it has to be true and completely justified.

Do You Need Business Appraisers?
Your need for business appraiser revolves around the nature of the business you intend to buy. If you’re a budding entrepreneur and are starting with a small business then you might only need a business consultant to evaluate the business. A small business is qualified as such if it has very few assets, little or no real estate property and few ongoing commitments. Your lawyer or accountant might be able to advise you as to whether your business or the one for sale falls into this category.

However, any business that does have assets, real estate, ongoing contracts and other similar viable property does need to be fully apprised by a professional. Of course, no matter what the size of the business is if you feel the need then you should hire business appraisers regardless. You will know the full value of the business and everything that is to be sold with it, and will also have the peace of mind that the valuation cannot easily be contested should an offer be placed at a later date.

As you can see, the role of business appraisers is vital if you want to get the optimum price for your business or avoid paying too much for one if you are buying. They can give you peace of mind no matter what industry you want to head into in the future.

Clothing Manufacturer / Patent business for sale

PANTS MADE FOR THE WORKMAN AND THE SPORTS MINDED. PANTS WITH BUILT IN KNEE PADS AND WITH A PATENT.... WHO COULD ASK FOR ANYTHING MORE....JUST FIND THE MANUFACTURING PLANTS AND THE MONEY WILL ROLL RIGHT IN. Established in 2008,This clothing companys goal is to continuously provide the most affordable, updated stylish, comfortable, functional and innovating brand of clothing to the consumer. Whether it is work related, sports or outdoor activities, we take an enormous degree of pride in delivering the most creative ideas and concepts by working alongside trades people and outdoor enthusiasts to accommodate the needs in each line of production and design. For ALL types of Work / Outdoor Sports & Activities. Fishing * hiking * climbing * paintball * quadding * skateboarding * projects * trades * home owners * cleaners...... and more. This is an incredible opportunity for a person with clothing manufacturing background, the patent value alone is substantially higher than the asking price.

How To Own a Business - From Dream To Reality

How To Own a Business - From Dream To Reality

Is Owning a Business in Your Future?
At one time or another, nearly every employee dreams of owning a business. Perhaps you’re tired of all your hard work ending up helping someone else achieve his or her entrepreneurial success, or you may fear for losing your job in a weakened economy. Whatever your motivation, the compulsion to own a business is strong in many of us. But the risk involved in turning that dream into reality has, all too often, acted to derail even the best-laid plans.

How to Own a Business
Every prospective business owner is forced to wrestle with many different kinds of questions. Concerns about money certainly lead the pack, but knowing what kind of business best suits you is even more important. The best place to start is by examining the reasons why you want to own a small business. Here are some benefits to ponder:

• Take advantage of all those years of work experience for your own benefit, not for the sake of others.
• A flexible schedule allows you to spend more time with your family.
• Enjoy greater wealth and control your own destiny.
• Self-employed people typically express greater satisfaction with life.

Important Steps to Take
Make a list of your skills, and do plenty of online research to see what kind of business is best enhanced by those skills. If you enjoy dealing directly with the public, a retail or service type company would be a good choice. If you have experience in accounting, auto repair, writing, or selling pet supplies, your best bet is to find a business in a field you already know - and one where potential customers already know you. Your three primary choices include buying an existing business, starting one from scratch, or purchasing a franchise. Each selection has its ups and downs - its pros and cons - and its tradeoffs between cost and the immediacy of success versus long-term profits. Choose wisely, as owning a business is a decision you only want to make once.

Show Me the Money
Almost no one these days has tons of cash lying around, so you will probably need to secure some sort of financing in order to own a small business. Begin by talking to a banker or the person who runs your credit union. The SBA (Small Business Administration) guarantees certain loans for people who cannot qualify for standard bank loans. If you’re contemplating the acquisition of an existing business, the seller may be willing to finance some or all of the purchase. Friends and relatives can be a good source for investment, depending upon how well you get along. There is always the option to take in a partner - either someone who will actively work alongside you to build the business, or else a “silent” partner who will invest personal funds in return for a share of the profits down the road.

Wake Up and Smell the Opportunity
Owning a business does not need to be a dream, but the planning you put in at the beginning will return a thousand-fold over the ensuing years. First, understand yourself and your capabilities. Second, do your research and decide which industry suits you best, and then what type of company within that industry. Third, research how much you will need to get your business up and running. Fourth, find the funds you require and make sure the business revenue you realistically expect to generate will cover all your expenses. Fifth, delay your dream no longer - get out there and become an entrepreneur!

If you had started your own business five years ago - or even two years ago - where would you be TODAY?

Maple Ridge Hair Salon - Business For Sale

Fantastic opportunity to have your own hair salon business in the same location for over 20 years. Completely updated with beautiful décor, tanning services. Seller says strong demand for waxing services could be, Chair rental opportunity as well. High car and foot traffic. Parking out front and in back of building. more pics at http://donmortimore.point2agent.com/Listing/ViewListingDetails.aspx?ListingID=60448279&ShowCompact=false&Preview=false&new=false&LastTabIndex=-1&BackEmailID=-1&BackEmailTypeID=NONE

BUSINESS FOR SALE ! Spa

Upscale Spa opportunity in elite Morgan Creek. Designer inspired decor, including floor to ceiling stone work water feature creates soothing and welcoming environment. Large client base with 5 private rooms available. Services include manicures, pedicures, facials, waxing, body treatments and wraps, spray tanning, permanent make-up, eyelash/eyebrow tinting, make-up applications, laser hair removal, massage, unique hot stone therapy and custom spa packages. Infrared sauna. Plenty of room for growth with services and client base with Fitness Gym upstairs and growing Morgan Creek area.

Being a Landlord

How do I start being a landlord?
Whether you have a small apartment in your basement or own a large high-rise, as a landlord you are subject to rules and regulations that define your responsibilities and what you can and cannot do.
Since each province and territory has its own landlord and tenant legislation, make sure you know the rules and regulations that apply to your province (there are some surprising differences). The collection of Provincial and Territorial Fact Sheets is great reference material to get you started. You can also look for books, booklets, and guides published for new landlords (since legislation can change, make sure that the publication is up to date).
It is also advisable to get some expert legal advice. This is a specialized area of law, so make sure you consult a specialist.

Dual Agency

DUAL AGENCY
Dual agency occurs when a Brokerage is representing both the buyer/tenant and the seller/landlord in the same transaction. Since the Brokerage has promised a duty of confidentiality, loyalty and full disclosure to both parties simultaneously, it is necessary to limit these duties in this situation, if both parties consent.
If you find yourself involved in a dual agency relationship, before making or receiving an offer, both you and the other party will be asked to consent, in writing, to this new limited agency relationship.
This relationship involves the following limitations:
-the Brokerage will deal with the buyer/ tenant and the seller/landlord impartially;
-The Brokerage will have a duty of disclosure to both the buyer/tenant and the seller/landlord except that:
-the Brokerage will not disclose that the buyer/tenant is willing to pay a price or agree to terms other than those contained in the offer, or that the seller/ landlord is willing to accept a price or terms other than those contained in the listing;
-the Brokerage will not disclose the motivation of the buyer/tenant to buy or lease or the seller/landlord to sell or lease unless authorized by the buyer/ tenant or the seller/landlord;
-the Brokerage will not disclose personal information, not otherwise necessarily disclosed in the transaction documentation, about the buyer/tenant or seller/landlord to the other party unless authorized in writing.
-The Brokerage will disclose to the buyer/ tenant defects about the physical condition of the property known to the Brokerage.

Greater Vancouver housing market favoured buyers in June

Wednesday, July 4, 2012

VANCOUVER,BC - The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable. 
        
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012. 
June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June sales average of 3,484. 
“Overall conditions have trended in favour of buyers in our marketplace in recent months,” Eugen Klein, REBGV president said. “This means buyers are facing less competition and have more selection to choose from compared to earlier in the year.” 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,617 in June. This represents a 3 per cent decline compared to June 2011 when 5,793 properties were listed for sale on the MLS® and an 18.9 per cent decline compared to the 6,927 new listings reported in May 2012. 
At 18,493, the total number of residential property listings on the MLS® increased 22 per cent from this time last year and increased 3.7 per cent compared to May 2012.
“Today, our sales-to-active-listings ratio sits at 13 per cent, which puts us in the lower end of a balanced market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said.
The MLSLink® Housing Price Index (HPI) composite benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 1.7% and declined 0.7% compared to last month.
Sales of detached properties on the MLS® in June 2012 reached 921, a decrease of 37.4 per cent from the 1,471 detached sales recorded in June 2011, and a 19.1 per cent decrease from the 1,139 units sold in June 2010. The benchmark price for detached properties increased 3.3 per cent from June 2011 to $961,600.
Sales of apartment properties reached 1,026 in June 2012, a 19 per cent decrease compared to the 1,266 sales in June 2011, and a decrease of 18.4 per cent compared to the 1,258 sales in June 2010. The benchmark price of an apartment property increased 0.3 per cent from June 2011 to $376,200.
Attached property sales in June 2012 totalled 415, a 21 per cent decrease compared to the 525 sales in June 2011, and a 27.8 per cent decrease from the 575 attached properties sold in June 2010. The benchmark price of an attached unit decreased 0.1 per cent between June 2011 and 2012 to $468,400.


Source: The Real Estate Board of Greater Vancouver is an association representing more than 11,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®.For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.

Pizza Shop - Business For Sale

Super location righ across the street from John Oliver Secondary School. Gate from school directly across the street. Open for school lunch break & from 4pm on. High traffic & pedestrian location. Act fast to get this great opportunity for you. This is a franchised business. Excellent opportunity to own an easy to operate but profitable pizza shop.

Landscaping Business For Sale

Fantastic landscaping business with high reputation within the industry. Long term contracts and trucks, equipment. Long term staff with 2 terms totaling 14 employees yearly sales over 600K/ STRONG DEMAND TO INCREASE VOLUME