Business Goods & Services

If you’re looking to buy a business of any kind, keep in mind that this involves a complex set of metrics due to the dynamic nature of the purchase. Many tangible and intangible elements will have to be taken into account and while you may come across benchmarks in the industry, often quoted by those who are looking for a good price, every situation must be looked at differently. As such, it can be very difficult for a prospective buyer to value a liquor store for sale, especially when he or she looks at what appears to be a similar prospect nearby at a significantly different price. On the face of it, each appears to be somewhat similar in style, size and type of location, so why the difference?

Whenever you buy liquor store business interests, the purchase will be represented by many different assets and the seller’s position at that time will be dependent on a variety of different factors. Some of these factors could include efforts already put in by the owner, marketing plans, client demographics, a particular focus on services or products, how well the staff interact and so on. It is therefore particularly important that you glean as much information as you possibly can, conduct comprehensive research and be especially diligent before you begin to decide whether it is right for you.

Here are some of the issues you might face when contemplating the purchase of a liquor store:

* its location.
* are revenues and profits sustainable?
* what is the customer database like, and could it be expanded?
* the terms and condition, portability of the lease.
* demographics and population shifts.
* any pending road construction.
* look at the employees, do any work for cash or favors and are many family members involved?
* look for any opportunities or threats that could impact your revenues in any way.

Bear in mind that the liquor store industry tends to want to focus on industry benchmarks and while this is fine for some outline information, you cannot rely on it. No two businesses may be the same and either may focus on particular areas, such as beer and wine, or cigarettes or premium products, while the other focuses elsewhere. Look for abnormalities or something that really jumps out at you and make sure you understand why this should be. At the end of the road, however, look at the bottom line to determine how much the business is worth to you.

Look at the financials and consider the revenue make-up and take out of your calculations any cash sales that are reported by the owner, unless the sales are contained within audited accounts and have been included in tax reports. The outgoing owner cannot expect to receive the value for these “under the counter” sales, as he or she may well have not reported them for tax purposes in the first place.

Inventory offered must be saleable and not be made up of products that are out of date or unlikely to sell. For example, a huge stock of winter ales will not sell well as you enter the summer months.

To establish a base upon which to value and then decide to buy a business, look at net income, add owner salary, any perks, received depreciation and interest and then deduct any allocation for capital expenses. This latter item refers to any perceived payments you may have to make in the short to mid-term in relation to improvements, upgrades or necessary investments.

Richard Parker is the President and founder of the prestigious Diomo Corporation – The Business Buyer Resource Center. His celebrated materials, seminars and consulting have encouraged thousands of aspiring business buyers from around the World to pursue their dream to buy a business.

During the serious recession of 2008 and 2009, the healthcare industry was one of the few actual growth areas, just as the USA was in the news due to the president’s intended healthcare reform and the consequent, lengthy delays in Congress. During Pres. Obama’s successful campaign, the healthcare business was much in the news and upon inauguration he pushed both houses of Congress to act quickly and with credibility. It appears as if we are poised on the edge of a momentous change in the industry, which will affect everyone involved from healthcare providers through hospitals, insurance companies and pharmaceutical companies. In these tumultuous times, the role of healthcare and pharmaceutical consulting organisations will be pivotal and all the skills possessed by these companies will be necessary as changes are processed and results analysed.

Healthcare can be seen as a growth industry for a considerable time ahead as the baby boomer generation starts to age and comes to a period when more strain is likely to be placed on the healthcare system. This will call for innovation and the provision of additional services and products by the pharmaceutical company. Competition in the marketplace is sure to evolve.

Costs will be under the microscope in the near future and insurance companies will be torn from both sides, due to their role as the intermediary. Healthcare professionals are sure to receive pressure, as they weigh up the advice that they should give their patients in the light of new rules and rafts of legislation. In short, a period of uncertainty can be expected to add even more pressures to an already pressure packed environment.

In the future, pharmaceutical consultants, already in high demand, will be even more valuable as the role of pharma consulting extends to decipher these new rules and implications. A company’s workforce will benefit from the training provided by these consultants, as they deliver results and draw on years of experience, training and expertise. The parent company’s executives have much to do dealing with the daily concerns and requirements associated with regulatory pressures and production issues. They should devote valuable time to staff administration, maintenance and training. To help ensure that sales executives are deployed correctly and return as high a value as possible to the company, the pharmaceutical consulting firm is ready and willing to take on this important task.

The healthcare business is one of our most dynamic industries and pharmaceutical and healthcare consulting is a critical internal component. Not all organisations interested in the development of a pharmaceutical company can be classified as “friendly” and this puts significant pressures on the company. A pharmaceutical consulting firm is best positioned to advise the company’s executives, by interpreting each position and working out how to approach and handle each party from a position of strength. Make no mistake, there are challenging and risky times ahead, yet these times could also be potentially lucrative and the consultant can be an additional pair of ears and eyes, together with a valued resource. The company is advised to consider a long-term engagement with the pharmaceutical and healthcare consulting firm accordingly.

Alan Gillies is the Managing Director of L2L Consulting, specialising in enabling pharmaceutical companies to achieve new heights of productivity and performance, throughout all levels of management and revenue generating activities.

As the end of the regular season gets close and the many Low Cost Franchise dare to visualise about Stanley Cup success and the chance of lifting the cup. We will glance at these Franchises and find out how they have begun from Franchises For Sale, marketed across the sector to the massive Low Cost Franchise of the NHL today. The NHL franchise market in the past has been biased for a lot of years from a lot of clubs in financial struggles, to a lot of clubs being able to land million dollar contracts. At this present moment the NHL franchise market is much more balanced as great amounts of dollars are being held within as the crisis has hit the hockey market. All of the Low Cost Franchise are cutting costs and functioning with what they have, which is having a business gain to the idea of Franchises For Sale in the market. Many investors for a lot of years have looked upon their franchise as a Home Based Franchise, they work with their franchise on a hourly basis and they take it with them wherever they go. This is much like any Home Based Franchise in the present climate and consequently beneficial to a prospective investor looking for a Franchises For Sale in the NHL field. The investor will have the confidence that the franchise has been well organised and looked after as if it were a Home Based Franchise.

Here is a concise history of an NHL Low Cost Franchise that has had massive support over the years incorporating changes in ownership and success.

Columbus has had a history of professional hockey back to 1966. But the NHL did not make an entrance until the Columbus Blue Jackets were formed as Columbus, Ohio landed a National Hockey League expansion franchise in the summer of 1997. Club owner John McConnell broadcast the selection of the team name in the winter of 1997. The Blue Jackets name pays duty to Ohio’s role to American history. Through the Civil War, Ohio made important contributions to the Union Army and many of the uniforms worn by the Union soldiers were made in Columbus. The team logo was based on an insect exemplifying merits like hard work and resourcefullness that the community wished to highlight.

The Nationwide Arena was finished and opened in the fall of 2000, hosting concerts by country music stars Tim McGraw and Faith Hill. The club was ready to step on the ice for the 2000-01 season.

Columbus Blue Jackets made their NHL debut on October 7, 2000, opposed to division rivals the Chicago Blackhawks. Bruce Gardiner scored the first ever regular season goal in team history but the Blue Jackets lost that game 5-3. Their first win was a 3-2 game against the Calgary Flames less than a week later.

In 2002 the Blue Jackets had gotten off to a feeble beginning and half way into the season found themselves in second-last place within the Western Conference. This led to the dismissal of Dave King, the only coach the club had since entering the league in 2000. President and general manager Doug MacLean took over the added responsibility to be the clubs interim coach. The club finished the regular season, once again out of the playoffs and last in their division with a 28-43-8-3 record for 67 points.

The NBA All-Star game was a welcome break for some players in the NBA as crunch time is upon us in the regular season. Franchises are fighting it out to achieve a playoff place and to clutch onto their chances of winning the Larry O’Brien NBA Championship Trophy. As the franchises battle it out on court a number of the Franchises have a fight off the court, with the economy as it is, and the players contracts ever growing some of the Franchises are finding it difficult to survive in the present climate. In this article we will look at the Boston Celtics, a team with a rich history and huge fan base. Most of the present Franchises are commodities of huge investment when the Franchise For Sale option was available to potential backers. This is becoming more rare in the present climate as Franchise For Sale options are increasingly difficult to find especially in the sports market. Many investors are hanging onto their investments in this period and hoping for an upturn in the market. Throughout this time investors will be treating their Franchises as a Home Based Franchise, which means that they are reigning all their spending in and only using the bare minimum. A Home Based Franchise prides itself on not having much outlay and consequently increasing the Franchises possibilities of earning a profit. The present Franchises of the NBA are taking this lin, as they don’t want a Franchise For Sale sign outside their door. Throughout a number of the Franchises history there has been major turning points in ownership and financial restructuring as the Boston Celtics story will tell you.

The Boston Celtics were a charter affiliate of the Basketball Association of America (which grew into the NBA), Boston flies more title banners from the beams of its home court than any other Home Based Franchise.

16 NBA Championships – a record 8 consecutive from 1959-1966 – Three separate Championship ages. When it comes to hanging Championship Banners, the Celtics are the best. No organisation has won more titles than the 16-time World Champion Boston Celtics. Whether it’s the teams first title in 1957, their 12th in 1974 or the 16th in 1986 the Celtics tradition of winning championships has stood the test of time.

The long line of legends begun when original owner Walter Brown hired Red Auerbach to manage the Celtics in 1950. Coach Auerbach begun assembling a championship calibre squad adding Bob Cousy, Bill Russell, Tommy Heinsohn and later John Havlicek, to name a few. As coach of the Celtics, Auerbach went on to win a record 9 NBA Championships, counting a record 8 consecutive from 1959-1966.

After moving exclusively to the front office in 1966, Auerbach handed the coaching reigns over to Russell then Heinsohn, who each won two championships at the controls, while Auerbach restructured the squad. In assembling the Celtics second championship series Auerbach added legends such as Dave Cowens and JoJo White.

After a few down years in the late 70’s, Auerbach restocked the Boston Celtics with a group of legends for the third time. He gathered what is thought by many to be the supreme frontline of all-time when he drafted Larry Bird in 1978, and in 1980 traded for Robert Parish and drafted Kevin McHale. This core group of Hall-of-Famers went on to win three more championships in the 1980’s.

When the NBA commemorated its 50th anniversary by introducing the 50 Greatest Players in NBA history, in 1996-97, 13 were previous members of the Boston Celtics. The 13 combined for 42 NBA Championships with the Celtics, 10 MVP awards, three Finals MVP awards and three Rookie of the Year awards, confirming the Boston Celtics to be one of the most famous Franchises in all of sports.

The teams are close to the excitement of the post-season as the Franchises of the league are playing it out to achieve a post-season place and to grip onto their chance of lifting the trophy. As the teams battle it out on court a lot of the Franchises have a fight outside the court, with the existing economy as it is, and the squad contracts ever rising some of the Franchises are finding it difficult to stay in the present basketball market. In this illustration we will look into the Detroit Pistons, a team with a grand history and a massive fan source. Lots of the present Franchises are formed from huge investment when the Franchise For Sale openings were available to possible followers. This is mounting to be more remarkable in the present market as Franchise For Sale openings are very difficult to find, specifically in the sporting arena. Lots of managers are holding onto their investments throughout this economy and hoping for a rotation in the market. Throughout this point followers will be running their Franchises as a Home Based Franchise, which means that they are reducing their costs and only using the minimum. A Home Based Franchise honours itself on not having a great deal of costs and therefore using the Franchises expertise to make a profit. The present club Franchises are taking this method, as they don’t want a Franchise For Sale sign hanging outside their place. Throughout a lot of the Franchises stories there has been important turning points in managers and financial amendments as the Detroit Pistons article will convey.

The Pistons were founded by Fred Zollner in 1940 as the Fort Wayne Zollner Pistons. One year later the franchise joined the National Basketball League (NBL), which was composed primarily of franchises opened by companies in the Midwest. Directed by guard Bobby McDermott, the Pistons were a prevailing force in the league, making it to the NBL championship series in their first year before falling to the Oshkosh All-Stars. Two years later, in 1943, the team lost to the Sheboygan Redskins by one point in the last game of the NBL Finals. The Pistons won their first NBL championship in 1944 and backed it up in 1945.

After relocating to Detroit in 1957, the team continued to qualify for the playoffs each year until 1964. The Detroit Pistons’ squad in that era introduced guard Gene Shue, forward Bailey Howell, and forward Dave DeBusschere, who was bought in 1962. From the mid-1960s and the early 1970s, Detroit dropped.

In the early 1980s draft picks and trades acquired guards Isiah Thomas, Kelly Tripucka, and Vinnie Johnson and centre Bill Laimbeer to the Detroit Pistons. Chuck Daly signed on as head coach in 1983 and steered Detroit to the playoffs in 1984.

Before the beginning of the 1988-89 season the Detroit Pistons went to The Palace of Auburn Hills and strengthend their team with forward Mark Aguirre. Detroit relied on a physical, bruising defence and sharp shooting to register 63 regular-season victories and advance to the 1989 NBA Finals, where they swept the Lakers. The Pistons repeated as champions in 1990 with a victory against the Portland Trail Blazers in the NBA Finals.