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
What is a Section 1031 Exchange? A taxpayer may defer capital gains taxes on the sale of certain investments or business assets by swapping like-minded properties. This is called a section 1031 exchange. Under a 1031 exchange, capital gains taxes may be deferred so long as the asset being sold and the asset being swapped … Read more
Private Equity Transactions A private equity buyer refers to a group of institutional or accredited investors that have pooled their capital together for the purposes of investing or buying private or public companies. Private equity groups purchase all kinds of businesses, but typically look for well established businesses with substantial profits. For businesses priced over … Read more
Defining an ‘Offer’ An offer is the critical step that a buyer makes when purchasing a business. Legally, an offer is a specific proposal necessary to create a contract with another party. An offer coupled with an acceptance of the offer creates a contract. When purchasing a business, an offer may come in the form … Read more