Business Owners Care About Their Legacy A legacy is the long-lasting impact of a person’s life that may ‘echo in eternity’ (to quote Maximus in ‘Gladiator’). Legacies may come about from a financial legacy, or the passing on of financial assets to one’s designated beneficiaries. Those seeking financial legacy planning should consult with their appropriate … Read more
Depreciation Affects Business Valuations Depreciation is an accounting method used by businesses to spread out the cost of up front capital expenditures (capex) over time in their income statements. Businesses may use depreciation as a taxable deduction when purchasing tangible or physical assets that have a useful life of more than one year. The taxable … Read more
Fast Franchise Resales A franchise is a license granted by a franchisor to a franchisee for the purpose of conducting business under the name of the franchisor for a set period of time within a prescribed territory. Franchise resales occur when an operating franchisee decides to sell their franchised business. A franchise operating agreement stipulates … Read more
Selling Tutoring Businesses Tutoring businesses provide personalized educational instruction to students in their home or in a dedicated learning environment. Most tutoring companies specialize in tutoring K-12 students who struggle in school and need extra one-on-one guidance and assistance to keep up with their classes and homework. Tutoring businesses with leased premises set up to … Read more
Financial Synergy Increases Business Valuations The combination of two businesses from a merger or acquisition often results in financial synergies or the collective benefit from revenue enhancements and cost savings. A merger or acquisition is more likely to result in financial synergies when the two companies have complementary strengths and areas of operations which may … Read more
Inherited Businesses The passing of a business owner is a difficult and tragic event that often comes unexpectedly for their loved ones. Assuming that the business is a part of the decedent’s estate, it is ultimately inherited by an heir (where there is no will) or a named beneficiary in a will or trust. Unless … Read more
Restaurant Sales: Competitive Marketplace Restaurant owners may have many reasons for wanting to lead a less stressful life by way of selling their business. Whether faced with unreliable employees, higher food costs, or unhappy customers, restaurant owners often find themselves burned out and ready to sell. Indeed, there are currently over 100 restaurants for sale … Read more
What Is An Exclusivity Period? When selling a business, an exclusivity period is the length of time in which a buyer has the sole right to purchase a business to the exclusion of other potential buyers. An exclusivity period is only granted after a business deal goes “under contract” with a signed and agreed upon … Read more
Cash-Intensive Businesses A cash-intensive business is a company that generates a high amount of cash sales from its customers. Often, cash-intensive businesses have customers who prefer to pay or are accustomed to paying for goods or services in cash. Some cash-intensive businesses require its customers to pay in cash. Common examples of cash-intensive businesses are … Read more
Pool Construction Growing in South Florida Pool builders design and construct in-ground pools for residential and commercial customers. The year-round warm weather in South Florida along with a large amount of households with high disposable income make South Florida a preferred location for pool builders. The total amount of permits for new pools in Florida … Read more