Posted by Hasseler - A+ Mobile Notary-Call Sue on 4/28/12 1:04am
Msg #419224
notary Business for sale
[b][/b][red][/red][ ]
LOOKING FOR A NOTARY IN THE SAN GABRIEL VALLEY AREA TO TAKE OVER A VERY BUSY, WELL ESTABLISHED MOBILE NOTARY BUSINESS. PLEASE EMAIL [e-mail address] FOR MORE INFORMATION. 626-485-5767
THANK YOU
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Reply by JanetK_CA on 4/28/12 4:06am
Msg #419225
Sue, I think this would be considered advertising, which is against the rules here.
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Reply by BrendaTx on 4/28/12 11:27am
Msg #419232
Observation on Selling Notary Business
This is probably the poorest venue on which to sell it.
Those who would know what to do with it when they got it would be quite skeptical and negative.
Better would be Craigslist and newspaper; maybe even Carol's newsletter. She provides ad space.
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Reply by 101livescan on 4/28/12 11:51am
Msg #419234
Re: Observation on Selling Notary Business
Formula for $UCCE$$ in this BU$INE$$
Energy + Marketing Innovation + Contacts + Willingness to Work Hard = Profit$
I think this would be the most difficult business to be able to forecast another's ability to make a go at this...
So how does one establish a bulk sale price on a biz like ours...
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Reply by Linda_H/FL on 4/28/12 12:02pm
Msg #419236
"So how does one establish a bulk sale price.." - you don't
You take each component, put a value to it and add it all up...
Inventory
Client List
Telephone number
Name
Good Will
??Location??
All have value and have to be taken into consideration when establishing a sale price for a business..
I think our colleague, Buddy, sold a business before becoming a notary - he's probably got a lot of good advice about considerations in this type of deal...
JMO
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Reply by HisHughness on 4/28/12 12:05pm
Msg #419237
I don't think Harry would have a problem with this. It's an opportunity for a notary, and there is no NotRot competition issue.
Valuing a service business such as ours is a fairly straightforward task. She's wise to attempt to generate some capital from the effort she's put into building up the business.
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Reply by BrendaTx on 4/28/12 12:54pm
Msg #419244
Disagree Hugh...it falls under the "wasted space" rule.
and the "without prior approval" code.
I. Advertising
Do not advertise your own products or services without prior approval. Most advertisements are not relevant to most users and are therefore wasted space.
http://www.notaryrotary.com/viewtext.asp?displaytype=forumicons
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This is the same as selling an opportunity of any kind. Get permission, be respectful, etc.
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Reply by HisHughness on 4/28/12 1:38pm
Msg #419248
Geez, if "wasted space" is the criterion here...
...I won't be allowed to post at all.
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Reply by BrendaTx on 4/28/12 1:51pm
Msg #419250
I don't make the rules. I just know where they are stored. n/m
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Reply by Stamper_WI on 4/28/12 1:04pm
Msg #419245
So she's selling a client list and maybe some equipment and a website and an EIN#?
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Reply by Linda_H/FL on 4/28/12 1:15pm
Msg #419247
I don't think you can sell an EIN, can you? n/m
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Reply by BrendaTx on 4/28/12 1:52pm
Msg #419251
Nope....but, I understand Stamper's post. n/m
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Reply by Linda_H/FL on 4/28/12 2:02pm
Msg #419252
I do too...but everything has a value...especially in
business...inventory alone can add up to a pretty penny, and if the client list is well structured that can be a bonanza in and of itself..
Unfortunately, in this business, the buyer is going to have to prove themselves to the client list - there's no guarantee in the transaction that the client list will do business with the buyer...
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Reply by LKT/CA on 4/28/12 5:12pm
Msg #419263
Re: I do too...but everything has a value...especially in
<<<Unfortunately, in this business, the buyer is going to have to prove themselves to the client list - there's no guarantee in the transaction that the client list will do business with the buyer...>>>
BINGO!! My thought exactly.
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Reply by Les_CO on 4/28/12 9:18am
Msg #419230
Where's UK Cowboy when we need him? n/m
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Reply by Buddy Young on 4/28/12 5:20pm
Msg #419267
Sue, I don't think you'll have much success selling your business.
Each notary has to prove himself or herself to clients.
You would be better off selling off all your equipment and charging another notary for referals.
For example: I'll refer all my clients to you for $10 an assignment.
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