Quality of Seller’s Documents Affects Purchase Price In the initial business evaluation between the seller and the business broker, the seller should provide certain documents or items that enables the business broker to price and list the business properly. A well prepared seller who has accurate and up to date documents generally leads to a … 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
Selling Convenience Stores Convenience stores can be a very profitable business for savvy operators with good locations and well run stores. Many convenience stores are absentee-run which make excellent passive investments. Further, convenience stores often have a large degree of recurring revenues from repeat customers who need a local mart to routinely purchase their basic … Read more
Why Business Owners Sell When most entrepreneurs start a business, selling it may never enter their mind. But unforeseeable situations that prompt the sale of a business do happen. These situations can come out of nowhere: a death, terminal illness, divorce, or legal trouble. Other times, it is simply time for the business owner to … Read more
Best Way to Sell Your Business Selling a business is a decision never to be taken on a whim. As a once in a lifetime experience, selling a business should be well thought out and planned for well in advance. This extremely important and potentially life-altering event should be handled by a professional business broker … Read more
Selling An Online Business The year 2020 saw an astonishing 44% rise of online retail purchases in the United States. The Corona Virus only accelerated a long term secular trend away from a traditional ‘brick and mortar’ business model and toward the virtual one. Consequently, today’s business buyers increasingly seek to acquire online businesses. Many … Read more
Business Loan Brokers Help Fund Businesses Business loan brokers (or commercial loan brokers) help business owners qualify for and receive commercial loans that suit their unique business financing needs. Typically, business loan brokers are paid a percentage of the loan that the business owner receives. Business loan brokers have a role to play when businesses … Read more
The Cost of Selling A Business in Palm Beach County Selling a business is not without costs, but most costs (including the commission) are not incurred until and unless the business actually sells. The average commission cost is about ten percent for the sale of small businesses, and in many cases may be the only … Read more
The Non-Compete Agreement A non-compete agreement in the context of business sales governs the extent (in length and geographic breadth) to which the seller of the business may not ‘compete’ against the buyer’s business after the closing. In general terms, Florida courts enforce non-competes so long as they are ‘reasonable’ and serve to protect a … Read more
Competitors Make Great Buyers Most small businesses in South Florida have local, regional, or national competitors. These competitors often make excellent candidates to purchase businesses for sale because they are already familiar with the industry, well funded with the capability to make acquisitions, and the power of synergies allows competitors to gain efficiencies and improve … Read more