Sell Your Business At A Time of Your Choosing The decision to sell a business should take place during a time and manner of the seller’s own choosing. The seller should always be choosing – but not needing – to sell. If the sale is forced, then the seller loses their negotiating leverage as far … Read more
Next Steps After Listing Business In order to confidentially sell a business for the best price possible, the most important step one can take is to properly list the business with a professional business broker. This entails signing a listing agreement that has the agreed upon asking price with the business broker. After the listing … Read more
Sell A Business with Attached Real Estate It is not uncommon for South Florida business owners to own the physical property (either an industrial bay, office condominium, or stand-alone building) housing their business. Indeed, when the business owner also owns the attached real estate it generally signifies that the business has a strong track record … Read more
Selling Pawn Shops Pawn shops can be very profitable businesses. Although operating in an industry that is not for everyone, pawn shops have limited competition by virtue of strict licensing and zoning laws. Most pawn shops have multiple revenue streams from retail revenue, repair revenue, and interest income from loans made from pawned items. By … Read more
Selling Gyms in South Florida Independently owned gyms, franchised gyms, and chains of fitness centers are commonplace throughout South Florida. A well run gym with strong management possesses very admirable business characteristics. Fitness centers normally have recurring revenues which business buyers are always seeking. Further, health club memberships have grown by 28% over the last … Read more
Business Brokers Maintain Confidentiality of Business Sale Confidential business brokers in Palm Beach County provide discrete services for selling, buying, and valuing businesses with no operational disruption to the business. According to recent statistics, there are close to 200,000 licensed real estate professionals in the state of Florida. Only a small handful of these realtors … Read more
Blind Ads Protect Seller’s Confidentiality When it comes time to put their business up for sale, confidentiality is critically important for most business owners. They do not want their employees, customers, suppliers, landlord, or the general public to know that their business is up for sale. A confidential sale avoids the tremendous disruption that often … Read more
Selling An Insurance Agency Insurance agencies are well known in the business community for having the benefits of having a recurring book of business with a high degree of visibility for future sales and profits. The consistent and stable business characteristics of insurance agencies attracts many different business buyers. Owners of insurance agencies should know … Read more
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
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