Establish Trust 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 buyer and seller) invariably meet in person at some point in the sales process. This in-person … Read more
Buyers Should Be Prepared Many people dream of one day achieving their financial independence from owning 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 opportunities. Before embarking on a business … Read more
Deposits For Business Sales 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 in many business deals. Business valuations may quickly change due to shifting business conditions, … Read more
Seller-Financing 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, and the seller expects to receive the money for the business in return. In reality, however, many business deals are partially seller-financed. This means that the seller receives … Read more
Obtain Business Evaluation In order to sell a business for its maximum purchase price, it should be properly 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 … Read more
Service Businesses in Florida A service business primarily provides skills or specialized services to its customers, whereas a retail business primarily sells tangible products to its customers. Service businesses generally have no need to carry products or inventory and often do not need a retail location (with high occupancy costs). Some service businesses (such as … Read more
State and Local Business Licenses 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 are needed to operate their business and provide such … Read more
Serious Buyers Business owners wishing to sell their business should not have to deal with buyers who are not serious about buying their business. A key benefit for the business owner of being represented by a professional business broker is not having to waste time, energy, and expenses on meeting and dealing with buyers who … Read more
E2 Visa Buyers Target South Florida Businesses A large amount of potential buyers for South Florida business sales are overseas individuals wanting to legally enter and live in the United States by obtaining an E2 Visa. Such E2 Visa buyers seek to purchase businesses in many different industries with a wide price range. Often they … Read more
What Assets to Include in Business Sale? All business owners should be aware of what to expect when it comes time to sell their business. A key aspect of what to expect includes understanding what is or is not included in the sale. This way the seller will be armed with the correct knowledge and … Read more