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BUSINESS
November 30, 1993 | DEBORA VRANA, SPECIAL TO THE TIMES
Bob Philpott hated traveling, but his work demanded lots of it. So he quit his job selling industrial safety devices and, with his life's savings in hand, went shopping for a small business that would keep him close to home. His first step was to hire a business broker who pitched him several small companies, including one specializing in direct mail. "I didn't want to get involved in selling coupons," the 49-year-old Philpott said. "I guess I had an ego.
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BUSINESS
February 27, 1998 | Patrice Apodaca
One of the big stories of the past year has been merger mania in corporate America. But what about the little guy? A report released by a Newport Beach firm that specializes in brokering sales of mom-and-pop businesses indicates that small firms are in demand as well. The average sales price negotiated by VR Business Brokers rose 8% nationwide last year to $141,000 from $131,000 in 1996.
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BUSINESS
April 13, 1994 | Susan Christian Times staff writer
When it comes to small companies, it's a seller's market, according to data compiled by a network of brokerages that specializes in buying and selling businesses. VR Business Brokers, a nationwide network based in Newport Beach, found that the average prices of small businesses sold last year by its 57 brokerages was 8% higher than the year before.
BUSINESS
February 18, 1998 | STEPHEN GREGORY, SPECIAL TO THE TIMES
Buyers nationwide were more eager to purchase small businesses last year, paying higher prices and higher down payments than they did the year before, according to a survey by a Southland business brokerage firm. In return, buyers picked up businesses that enjoyed higher gross sales in 1997 than in 1996, according to the report by Newport Beach-based VR Business Brokers. Both independent economists and principals of the company attributed the trend largely to a healthier U.S. economy.
BUSINESS
February 27, 1998 | Patrice Apodaca
One of the big stories of the past year has been merger mania in corporate America. But what about the little guy? A report released by a Newport Beach firm that specializes in brokering sales of mom-and-pop businesses indicates that small firms are in demand as well. The average sales price negotiated by VR Business Brokers rose 8% nationwide last year to $141,000 from $131,000 in 1996.
BUSINESS
February 18, 1998 | STEPHEN GREGORY, SPECIAL TO THE TIMES
Buyers nationwide were more eager to purchase small businesses last year, paying higher prices and higher down payments than they did the year before, according to a survey by a Southland business brokerage firm. In return, buyers picked up businesses that enjoyed higher gross sales in 1997 than in 1996, according to the report by Newport Beach-based VR Business Brokers. Both independent economists and principals of the company attributed the trend largely to a healthier U.S. economy.
BUSINESS
September 4, 1998 | PATRICE APODACA, Patrice Apodaca covers economic issues for The Times. She can be reached at (714) 966-5979 and at patrice.apodaca@latimes.com
The market for small businesses continued to grow through the first half of this year, according to Newport Beach-based VR Business Brokers, which represents firms that are up for sale. In the first six months of 1998, the average acquisition price negotiated by VR's nationwide franchise network rose 8% to $458,000 from an average of $423,000 in 1997. The number of days it took to complete a deal shrank by 10%, it said.
BUSINESS
November 30, 1993 | DEBORA VRANA, SPECIAL TO THE TIMES
Business brokers offer a number of services to potential buyers and sellers of small companies: * They analyze the business, including sales, debts and profits, to determine the company's fair market value. Often they develop a marketing program geared to the specific business. * They verify the buyer's fiscal status, including screening financial capability. * They try to determine the buyer's specific needs, even tiny details like what the person likes to wear to work.
BUSINESS
October 31, 1999
* Blake Fennell has been named chief operating officer of Melles Griot Photonics Group, which includes divisions in Irvine and Rochester, N.Y., as well as European and Asian operations. Fennell has been with the company since 1990, most recently as vice president and general manager of the Laser Group. * Thomas C. Scott has been appointed vice president of sales and marketing for Integrated Communication Networks Inc. in Aliso Viejo.
BUSINESS
April 13, 1994 | Susan Christian Times staff writer
When it comes to small companies, it's a seller's market, according to data compiled by a network of brokerages that specializes in buying and selling businesses. VR Business Brokers, a nationwide network based in Newport Beach, found that the average prices of small businesses sold last year by its 57 brokerages was 8% higher than the year before.
BUSINESS
November 30, 1993 | DEBORA VRANA, SPECIAL TO THE TIMES
Bob Philpott hated traveling, but his work demanded lots of it. So he quit his job selling industrial safety devices and, with his life's savings in hand, went shopping for a small business that would keep him close to home. His first step was to hire a business broker who pitched him several small companies, including one specializing in direct mail. "I didn't want to get involved in selling coupons," the 49-year-old Philpott said. "I guess I had an ego.
BUSINESS
June 1, 1997
* William A. Gregg, president of SDC Technologies Inc. in Anaheim, has added the title of chief executive. He was formerly president and chief operating officer. SDC, a coating products company, is a joint venture company owned by Dow Corning Corp. and Pilkington plc. Gregg is a founder of the company, and also has held the positions of vice president and general manager, director of marketing and marketing development manager.
BUSINESS
July 28, 2009 | Cyndia Zwahlen
Five months after he opened PNK Pro Beauty Supplies in Glendale, owner Karhen Abramyan has put the shop up for sale. He's gotten a few lowball offers in the last few weeks, but no deal. "I have $60,000 in inventory here, I can't just sell it for $50,000," said Abramyan, who is asking $95,000. Blame the bad economy. Buyers and sellers of California businesses are hampered because the vast pools of money that once fueled sales have dried up.
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