Exploring the Characteristics of A Great Business
“It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” -Warren Buffett Great Businesses Have A Competitive Advantage As famed investor and business expert Warren Buffett will tell you, what makes an ordinary business a wonderful business is its competitive advantage. The bigger the […]
Which Business is Best For an E2 Visa?
E2 Visa Provides Foreign Entrepreneurs A Pathway to Legal Immigration An E2 Visa may be obtained by foreign entrepreneurs from countries of origin which have a Treaty of Trade and Commerce with the United States. Once obtained, such E2 Visa holders (and their family) may reside in the United States for two years (and may […]
The Purpose of A Business Buyer/Business Seller Meeting
Establishing Trust Is Key for South Florida Business Sales In business as in life, establishing personal rapport and honest communication is essential for two parties to trust and understand one another. When buying and selling a South Florida business, the direct principals of the deal (the actual buyer and seller) invariably meet in person at […]
Introductory Guide to Buying A South Florida Business
Buyers Should Be Prepared Prior to Searching for A Business Many people dream of one day achieving their financial independence from operating their own business. There are many wonderful businesses for sale in the South Florida market to choose from that range in size from very small ‘mom and pop’ shops to multi-million dollar business […]
The Role of the Deposit in South Florida Business Sales
Deposits For Business Sales Are Typically Refundable Many buyers and sellers of businesses are somewhat surprised to learn that deposits play far less of a role in business sales compared to real estate sales. In fact, deposits sometimes are not even given at all for some business sale transactions. Businesses should be viewed as a […]
Seller-Financed Business Transactions
Seller-Financed Business Transactions Not for Everyone The great majority of business sellers deservedly want and expect to get paid in full at closing. Once a deal closes, the buyer receives the business being sold, and the seller expects to receive the money for the business at closing. In reality, however, many business deals are partially […]
How to Evaluate A Business For Sale
Steps to Evaluate A Business for Sale In order to sell one’s business, the business should be evaluated by a professional business broker. For a first time business seller, the evaluation process may seem like a difficult task. In practice, the process is not so difficult so long as the seller is prepared with the […]
What is A Good Service Business to Buy in Florida?
Service Businesses in Florida A service business creates value by selling intangible skills, whereas a retail business creates value by selling tangible products. The difference is key because a service business has no need to carry inventory and does not necessarily need a retail location (with much higher rents). Some service businesses (such as beauty […]
Do I Need A Business License in Palm Beach County?
State and Local Business Licenses: A Key Part of Any Business Sale Before buying or selling a business, one must think carefully about what licenses are necessary to own and operate the business, as well as what licenses may transfer with the sale of the business. A seller should disclose what government licenses they operate […]
What Makes A Buyer ‘Serious’ About Purchasing A Business
Sellers of Businesses Only Should Deal With Serious Buyers Business sellers should not have to deal with buyers who are not serious about buying their business. A key benefit of being represented by a business broker is not having to waste time, energy, and expense on meeting and dealing with buyers who are unqualified or […]