Why Do Business Owners Choose to Sell? Whether their business exit strategy involves selling to a competitor, family member, or to private party, business owners typically sell due to their own desire for a change of lifestyle or for a change in their financial fortunes. The change of lifestyle is often sought due to the … Read more
Obtain The Best Possible Purchase Price for Your Business When it comes time to sell, every business owner’s goal is to realize the highest possible purchase price for their business. While the sales process must be kept confidential, every seller wants the best possible price for their business in order to ensure their own financial … Read more
What Is A Business ‘Closing’? A business closing is the final and last step of a business sale. Frequently conducted electronically, a business closing is where the written closing documents are signed and exchanged, the seller receives payment as called for in the purchase agreement, the parties reimburse one another for any customer deposits (held … Read more
Selling a Landscaping Company Before selling a landscaping company, it is critical to understand whether it serves residential or commercial customers. Residential landscaping customers refer to individual residents. Commercial landscaping customers refer to commercial entities representing multiple homeowners such as Home Owner Associations (HOAs). The differences between residential and commercial customers deeply affect the way … Read more
Adjusted Owner Benefit The adjusted owner benefit is the standard way by which business brokers express what is commonly perceived as the net profits of a business that is being advertised for sale. Some business brokers refer to the Seller’s Discretionary Earnings (SDE) when referencing the adjusted owner benefit. There is a large difference, however, … Read more
Hiring the Best Business Broker The most critical step in selling one’s business is hiring the best possible business broker. The business broker will often be entrusted with confidentially selling a business that represents a business owner’s lifetime of hard work and perseverance. Maintaining a confidential sale throughout the sales process and obtaining the best … Read more
Inventory in Business Sales Inventory is often a key component in the sale of many retail-related businesses. A business’s inventory must be properly valued and negotiated in order to facilitate a smooth business sale. Because inventory fluctuates (often dramatically), it is usually appropriate for the asking price of a business to not include inventory. Rather, … Read more
Selling A Dry Cleaner Business There has always been a thriving market for the purchase and sale of dry cleaner businesses throughout South Florida. While the overall dry cleaning industry has been declining for many years due to the work from home trend and increasing environmental regulations, there remains a well defined niche for profitable … Read more
Selling Private Schools In the 2023 school year, about 13% of all students in Florida attended private schools. There ar 2326 private schools in Florida compared to 4229 public schools. Private schools serve all students (K-12) with an average annual tuition of about $10,000 in Florida. The majority of private schools are religiously oriented and … Read more
Selling A Retail Business Many different types of retail businesses are sold in the South Florida market. Retail-oriented businesses sell products or services to the general public from ‘storefront’ locations. Several factors differentiate the sale of retail businesses compared to service-oriented businesses during the selling process. These include a special focus on the gross profits … Read more