Corona Virus Has Affected South Florida Businesses The Covid-19 global pandemic has caused unprecedented business interruptions and business shutdowns for many Americans. Here in South Florida, some businesses have been spared the carnage but most have not. For those business owners fortunate enough to be in industries unaffected or even helped by the virus such … Read more
Selling Hair Salons in South Florida Many successful hair salons in South Florida are owned by an active stylist who works in the salon, but there are also many partially or even totally absente-owned hair salons. No matter how involved the owner is in the business, when it comes time to sell the owner should … Read more
Selling A Restaurant in South Florida Restaurants are bought and sold quite frequently in South Florida. Other than salons, they are by far the most popular type of business ‘listing’ that one sees in the marketplace of businesses for sale. Common restaurants for sale in South Florida include sushi restaurants, pizzerias, and casual dine-in restaurants. … Read more
“In this world nothing can be said to certain, except death and taxes.” – Benjamin Franklin Tax Consequences of Selling Businesses Nobody wants to pay taxes, but knowing a little about the tax law and how to minimize possible taxes comes in very handy when it comes time to sell a business. Business owners should … Read more
Healthcare Business Sales in South Florida Healthcare related businesses in the South Florida market are always in demand. The area’s high Medicare and senior citizen population along with a constant influx of baby boomers make healthcare companies in South Florida a hot commodity among many investors and entrepreneurs. Home health agencies, physical therapy centers, nurse … Read more
Owner’s Salary Affects Valuation Many business owners choose to pay themselves (or their spouses) a salary. An owner’s salary or compensation may refer to wages received as a W2 employee or payments received as an independent contractor or to some other entity controlled by the owner. This is entirely legal and ethical and in theory … Read more
Formal Due Diligence In a general sense, due diligence in the context of business sales refers to researching and analyzing all relevant aspects of the past and present performance of a business. But what is ‘formal due diligence’? When should it start? Formal due diligence refers to the buyer’s investigatory phase of a business after … Read more
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill Confidence Key to Buying or Selling Businesses Selling or purchasing a business requires confidence. A seller must have the confidence that the asking price is fair, and the buyer must have the confidence that the price … Read more
Franchise Sales in South Florida Franchises are quite common these days. There are nearly 800,000 franchised businesses in the United States. Everything from pizza places to hotels do business under various franchised business models. Because of the excellent climate and demographics, many buyers wish to purchase franchised businesses in the South Florida area. When it … Read more