What most people don’t know is that Real Estate agents can represent a wide variety of properties. Most people come in contact with an agent when they buy or sell a family homes. Some people buy rental properties, and fewer buy commercial properties.
Business Opportunities are as the name implies, businesses.
Restaurants, and grocery stores are the most common businesses bought, sold, and traded. There are retail stores that usually boil down to inventory. Some services sell for the value of the good name, or if you will, the brand recognition. A plumbing company can change hands without the customers ever being aware of the difference.
When you get into larger business deal there are terms like mergers, and acquisitions. Businesses are bought, and sold all of the time. It’s a niche that most people never encounter.
In most cases the company is selling a cash flow. It’s similar to apartments, or rental property. There is income, and expenses. If anything is left over it is called profit.
When pricing a business there are many parts to consider. In a restaurant people look at the equipment, what is owned, and what is leased. The lease itself can be an asset to the business depending on the terms. There is also an inventory on hand, and in some special cases the recipes.
This article will dove tail into a commercial property over view that will be coming up next.
About David Losh
In 1984 I got my Real Estate license and worked in a small company called Advance Properties. The owner was extremely interested in Real Estate, building, and land development. Most of his work was concentrated North of Seattle. Since the 1970s I had worked for Real Estate agents in Seattle as a contractor, mostly preparing properties for rent, and sale.
After a few years my skill level increased considerably concerning land use, building code, and development practices. Escrow, and lending offices were housed at the Advance Properties building so it was easy to get involved in all aspects of Real Estate. It was very much a family owned, and operated business.
Over the years my Real Estate license has been at a variety of Real Estate companies, and offices. Nothing compares to those early years, or that sense of family. Real Estate has gotten to be corporate owned.
My hope with this blog is to share with you some of the things I've learned. If you have Real Estate needs, or want contractor help, I refer freely to what best suits you. If you should choose to work with me you'll find a great resource.
My Real Estate license is at Skyline Properties in Northgate. Skyline is a locally owned company that is a desk fee office. There is a wide variety of diverse agents. It helps me with some of the other projects that I have, and mentoring that I do, to be able to work with people from other cultures.
Here in Seattle we are close to Vancouver BC and are the gateway to China. Boeing has a great trade relationship with China, as does Microsoft have with all of Asia. We are a culturally diverse community, and it helps me to be invlolved.
