Information
Last Updated: 8.17.2018
Contact: [email protected]
Background:
BizBuySell has a website that helps to advertise businesses for sale.
Target Audience:
Those reading these blogs will probably be people looking at different business options for purchase. These short blocks will be the content at the top of each state’s page.
Tone/Voice:
Professional and knowledgeable
Keywords:
- Use the provided keyword phrase 3-5 times throughout the article, both in the text body and in headers.
Snippet Style Format:
At this time, featured snippets appear in 9.1968 percent of search queries, according to RankRanger. They appear at the top of the search results page, above the normal search results (hence the reason we call these “position 0” rankings). The snippet contains the URL and page title, along with a “snippet” of the page’s content in an attempt to answer the searcher’s query.
- First, repeat the question that is the query, or which is implicit in the query, clearly and prominently on your web page.
- Directly following the question, provide a short, direct, clear answer to the question.
- Then, provide more information, data, images, and so on to answer the question as fully and completely as possible.
One way to structure your content is to use what journalists refer to as “the inverted pyramid.” When following the inverted pyramid model, your page starts with the most important information that answers the question, then transitions to more detailed information, and finally wraps up with a broader look at the topic or perhaps a case study or an example.
Information Sources:
- Please make sure that any products or services you talk about are ones that the client offers and that anything you say about the client is accurate.
- Please refer to the website URL (column C), the company profile, or any additional information given in the special instructions column. Peruse the client website for other blogs to get a feel for tone and voice.
- Use the topic or subject given in the special instructions column and keywords, if given, otherwise, choose a blog topic that fits within the context of the keyword phrases.
Format:
- Put the client-provided title at the top in H1 format
- Make the search query, or a very close version of it, a heading on the page. This means, where possible, format that query or question as an H1, H2 and so forth.
- Summarize the answer to the question in a single paragraph.
- Place that paragraph directly below the heading for the question.
- Aim for making the answer paragraph roughly 40 to 55 words.
- Use headers, bullet points, and lists to break up the content and make it more readable.
- Save the blogs as the BizBuySell – Title
- Submit article to [email protected] with BizBuySell Blogs in the subject line
3 Methods of Financing to Open a Restaurant
Becoming a restaurant owner is a dream for many, yet there are many steps to making it a reality. There are some who assume that narrowing down the type of restaurant they’d prefer to own, then meeting with the owner and discussing the potential sale is that hardest part of the equation. However, being unsure about how to finance the new venture can be daunting to even the most enterprising person.
Thankfully, your goal of owning a restaurant does not have to stay a dream. Many are able to enter this competitive industry simply by finding methods of financing to open a restaurant. Such methods may include:
- Getting loans from a bank or commercial lender.
- Raising capital from friends and acquaintances.
- Purchasing a restaurant that offers seller financing.
Each of these methods has pros and cons, and this article will help to explain which of these might be the best option for anyone who is searching for ways to finance a new restaurant endeavor.
Types of Business Loans
The type of loan you can qualify for in order to open a restaurant depends on a few factors such as your credit rating, how much money you can add to the venture and if you have a minority status.
1. 3rd Party Loans
3rd party loans might be the right type to enable to open a restaurant. The most common type comes from a bank or credit union that you may already have a relationship with. Of course, the lending institution will require that you have other property or securities that you can use as collateral on the loan.
2. SBA Loans
SBA or Small Business Administration loans are available from participating lenders. Most, though not all, banks in America are part of this government-backed program. Several factors are evaluated when an individual applies for an SBA loan. These include:
- What type of business will it be?
- How big will the business be?
- What is the plan for using the business proceeds?
- Are there any funds available from other sources?
3. Minority Business Loans
Additionally, there are loan programs that are available specifically for minorities or women who are planning to purchase a restaurant. A recent study, published by the Small Business Administration, found that would-be business owners who are of a minority or are female are much less likely than their counterparts to get approved for business loans. This means that when they are able to open a business such as a restaurant, they must frequently make due with less capital than those who are more easily approved for loans. Some loans that are specifically tailored to minorities or women include nonprofit microloans, minority business grants and alternative loans for poor credit.
How to Raise Money from Friends or Family to Open a Restaurant
Of course, using your own money to fund your new restaurant enterprise is the quickest and easiest route. Those who do not have enough money to successfully fund the venture, however, may want to think about reaching out to friends and family and offer them a small piece of the business in exchange for initial capital. As with any type of investment, there is risk, so be sure to cover these with those who are willing to help fund the restaurant.
It is a good idea to seek funding only from those who can afford to lose their investment should the venture fail. You certainly don’t want to plan on failure, but those who can afford to invest are frequently more familiar with the risks of the restaurant business.
Take the First Step Toward Ownership
Your dream of becoming the owner of a successful restaurant will not come to fruition until you take that first step. Do enough legwork that your business plan will reflect a legitimate knowledge of what it will cost to get the business up and running successfully. Again, make sure that your business plan shows exactly how much of your own money (how much risk) you are willing to put into your new venture.
Finally, decide what source of funding will be the best for you and for your new restaurant and make it happen. Because each step along the way is a step closer to making your dream of restaurant ownership a reality.
Why Buy a Self-Storage Facility?
When thinking of owning the perfect business, thoughts of reinventing the wheel are difficult to resist. While you might have a truly original start-up idea, sometimes it’s smarter to avoid the risk and consider an industry with a history of success. Self-storage facilities and warehouses may not have the glamour and sex appeal of a tech start-up or a new food concept, but they’re a far cry from a passing trend. Self-storage facilities and warehouses can make great business investments and now is the time to find one for sale
Self-storage originated in Texas around the mid 1960’s when the storage industry was faced with rising cost of warehouses and land. As the popularity of self-storage took off, facilities quickly spread throughout the United States, Canada and Europe. According to the Self-Storage Association, there are now more than 60,000 self-storage facilities worldwide and the average occupancy rate is 90%.
Here are 5 Reasons to Consider Buying a Self-Storage Facility or Warehouse:
- Self-storage facilities are virtually recession resistant.
According to the NAREIT (National Association of Real Estate Investment Trusts), self-storage was the only REIT sector in 2008 to post a positive total return of 5%, including dividends. The explanation for this is simple: regardless of how good or bad the economy performs, there’s always a demand for renters looking to store their goods. Countless Americans need to store their stuff – anything from old furniture and personal belongings, to tax returns and other important documents, or even excess retail inventory. In 2015, even when stock performance was relatively flat, self-storage surged a whopping 40% in annual returns.
- Self-storage facilities provide a steady stream of recurring revenue.
One of the best ways to run a business is through generating predictable revenue that can be expected to continue into the future. Similar to gym memberships, self-storage facilities and warehouses bill their customers on a monthly basis, generating a steady stream of revenue. A business with established recurring revenue has a higher resale value compared to a business with no predictable cash flow. Furthermore, self-storage facilities don’t require much to turn a profit. According to The Appraisal Journal, the breakeven occupancy rate for a self-storage facility is roughly 40-45%.
- Self-storage facilities have low capital expenditures.
Self-storage facilities and warehouses require very little upkeep. When tenants vacate, there’s usually no need for any sort of repairs to be made for the new tenant. Just a little sweeping out is all that’s required – while a typical apartment building requires plumbing, appliances, landscaping, and a variety of other maintenance concerns. Self-storage facilities are also relatively inexpensive to operate and may only require one or two employees. According to the Self-Storage Association, operating costs can be as low as 25% up to as high as 40%.
- Self-storage facilities are real property tangible investments.
Self-storage facilities are a class of real estate that’s built to generate income right from the start. Furthermore, in many parts of the country self-storage facilities are both scarce and in demand, making them great long term investments. While demand for self-storage continues to grow, new construction has difficulty gaining approval. This is because many local governments consider storage facilities to be unattractive and tacky in residential neighborhoods. They also don’t serve as a job spurs or pay huge property taxes. As steady income drivers, buyers are often willing to pay top dollar for existing facilities.
- Self-storage facilities are evolving to serve a wider market.
Compared to the basic concrete slab warehouses found along the interstate of the 60’s, the newer generation of self-storage facilities can be found in retail locations, light commercial and multi-family residential neighborhoods. These well-developed, safe, secure facilities are characterized by aesthetically pleasing construction to blend in with their surroundings. Many offer features such as loading docks, climate control units, packing and moving supplies, as well as full time staff and security guards. Rather than just a place to store personal possessions, these new self-storage facilities serve a variety of business purposes, including start-up incubators.
Self-storage facilities and warehouses may not be the most exciting business to own, but they can be very wise investments. Not only are they relatively simple and inexpensive to operate, they’ll never go out of style. In both good times and bad, there will always be a need for people to store their “stuff”. Take a look at these self-storage facility businesses for sale that you can buy right.