Ben Hargis's (benhargis) Blog

Denver Service Businesses

Ben Hargis (VR Business Brokers) — Wed, 13 Aug 2008 12:23:08 -0700

Denver is the place to be when owning your own business. Service businesses allow you to either work for yourself or hire independent contractors to do the work for you. 1 times SDE is the typical pricing on service businesses. Make sure to use a broker for these deals, as back alley handshakes can burn both parties! You will want someone in the middle of the deal so you won't be forced to show all your cards. Negotiation will make or break a deal, as will Denver Landlords. E-mail ben@vrcherrycreek for free valuations for your specific business.

Get The Highest Price For Your Business!

Ben Hargis (VR Business Brokers) — Fri, 02 Nov 2007 14:41:23 -0700

Contact me for pricing tips on selling your business. Free Valuations.

COLORADO TRUCKING BUSINESSES

Ben Hargis (VR Business Brokers) — Tue, 11 Sep 2007 16:37:30 -0700

Trucking businesses in Colorado are typically worth 5 times EBIT, OR 1.3 times SDE plus market value of assets.Operating Ratio(EBIT divided by gross sales) 85% or less......Excellent 86% to 92%.....Good 93% and up.....Fair Fuel prices are causing some operators to struggle, creating opportunity for those searching for growth.

LIQUOR BUSINESSES IN DENVER

Ben Hargis (VR Business Brokers) — Tue, 11 Sep 2007 15:54:30 -0700

Industry experts say now is the time to get in the liquor business. Liquor Licenses are going up in value. Valuation tip: 6 times monthly sales, plus inventory, OR 55% of annual sales.

HIGH CASH FLOW SPECIALIST IN DENVER

Ben Hargis (VR Business Brokers) — Sat, 18 Aug 2007 13:53:08 -0700

HIGH CASH FLOW BUSINESSES are the wave of the future. Why buy real estate and pray it pays for itself? Get financing on a business and start making money right away! RV Dealerships, Boat Dealerships, Marinas, Concrete Maufacturing Businesses, and Huge 28 Car Limo Businesses are examples of high cash flow deals that I have personal experience.

BRIGHTON COLORADO LAND AUCTION Will Provide Barometer For Commercial Real Estate

Ben Hargis (VR Business Brokers) — Fri, 17 Aug 2007 10:20:25 -0700

RITCHIE BROTHERS LAND AUCTION is offering 36 acres on HWY 85 this September, which should allow the rest of us a great glimpse into the desire for LAND IN NORTH DENVER. Lambert is offering 9 acres of I-1, and VR Business Brokers is offering 14 ACRES ZONED I-3, just north of the Ritchie Brothers Property. I believe the auction will bring top dollar, allowing for some bargain hunting to occur with some of the other available property in the area. The HWY 85 corridor is really growing. Businesses in the area are all doing well, and many are looking to expand within the year. Believe it or not, the economy is great for this micro-market. Contracts are keeping these businesses growing and investors are taking note. Keep in touch to hear more on the Ritchie Brothers auction and other land developments, or contact ben@vrpro.com. More info on area businesses and land at http://www.benhargiscommercial.com

DENVER JET CHARTER BUSINESS

Ben Hargis (VR Business Brokers) — Tue, 12 Jun 2007 14:31:00 -0700

Are you addicted to the flying business? The possibilities are endless in the jet charter business. Growth in the industry is cause to get in now. With security issues, airline cancellations and salaries of sales executives, the charter business is seeing times like never before. Denver Flight Schools are making money too!

CAR WASH DENVER

Ben Hargis (VR Business Brokers) — Tue, 12 Jun 2007 13:52:22 -0700

DENVER CAR WASHES have increased in demand along with commercial real estate. This has pushed up the prices for coin operated car washes.Tips for pricing it right: cost of real estate and equipment, plus 2 to 3 times EBIT.Want to buy? It takes 3 years to plan, permit and zone. So buy an existing car wash that's already making money. Call for financials and a showing on a LAKEWOOD CAR WASH.

HEAVY EQUIPMENT SALES DENVER

Ben Hargis (VR Business Brokers) — Tue, 12 Jun 2007 13:42:08 -0700

DENVER HEAVY EQUIPMENT SALES businesses are on the rise. With an expanding economy, regional growth and increased commercial building, this sector is a hot place to be. How do you value a HEAVY EQUIPMENT SALES AND SERVICE business? 50% discretionary cash plus inventory, equipment and fixtures. If you own HEAVY EQUIPMENT business, now is the time to get the highest price in years.

LIMO BUSINESS DENVER

Ben Hargis (VR Business Brokers) — Mon, 11 Jun 2007 17:57:53 -0700

Denver Limo businesses make some of the highest margins in any industry! Valuation Tip: 75% of annual revenue or 2 times SDE. Want to party like a rock star? A limo business is a good place to start.

Jet Charter Denver, Yacht Charter

Ben Hargis (VR Business Brokers) — Mon, 04 Jun 2007 06:01:02 -0700

For all you workaholics, I recommend a private yacht charter. Cruzan Yacht Charters is the best. Take my friends at Mayo Aviation Jet Charter to get there. Now go on vacation or get back to work.

Recasting Financials

Ben Hargis (VR Business Brokers) — Thu, 31 May 2007 16:29:43 -0700

A business owner I spoke with recently has been trying to sell his business for a year with no luck. He didn't know how to value his type of business, and doesn't have a current P&L or balance sheet. His tax returns show a loss, but he's making money. After recasting his numbers, we showed an $80,000/yr profit for the business. It has been SBA approved, and should sell quickly. Keep in mind the importance of recasting financials. For more info on recasting, contact me at ben@vrpro.com

What is my business worth?

Ben Hargis (VR Business Brokers) — Sat, 26 May 2007 16:41:42 -0700

Ben, what is my business worth? I get this question 5 times a day. Here are some guidelines.SDE=Sellers Discretionary Earnings. How much do you make, plus addbacks like milage, meals, entertainment, etc. Don't addback expenses like rent or utilities, as new owner would have to pay that as well.Salons- 1.7 times SDE plus equipment and inventory. Service Business- 1.5 times cash flow.Liquor stores- 33% of Annual sales plus inventory. Another methed is 2 times SDE plus inventory.Publishing Company- 70% of Annual sales. Another method is 4-6 times EBTID.Do you have a question about the value of your business? Call me for more detailed information. All conversations are completely confidential. Free Valuations. CASH FLOW IS KING! ben@vrpro.com(720) 384-5029 Cell

Broker Representation

Ben Hargis (VR Business Brokers) — Mon, 14 May 2007 09:02:33 -0700

Tell all your employees that you are selling your business.Now tell your biggest competitor that your selling. Let your vendors know you may not be around in two months. Let all your customers know too, just so they can plan to buy from someone else. If anyone makes an offer now, can you assure him that business will continue? He'll have no employees, pay double for products from vendors, no customers, and the competition is talking bad about you. When he pulls his offer, the owner will still be you!!Get educated about selling your business. Confidentiality is key. Ben Hargis, VR Business Brokers. ben@vrpro.com