“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” – Abraham Lincoln Prepare Business to Sell Preparation is the key to many aspects in life, and never more so than when it comes time to selling a business. In order to plan their best exit … Read more
Good Time to Sell Your Business? The mantra of ‘buy low and sell high’ should be taken to heart by every business owner when it comes to selling their business. The best time to sell a business is when one does not have to sell, but does so because selling the business is the best … Read more
Laundromat Sales in South Florida Coin laundromats typically make very good investments and are highly sought after by many buyers. Most coin laundromats can be run relatively absentee, provide a highly stable and recurring source of income, and perform a needed service for its customers. Nobody wants to use a laundromat but many must because … Read more
Hire a Business Broker to Sell Your Business “It takes less time to do a thing right than it does to explain why you did it wrong.” – Henry Longfellow When contemplating the sale of their business, many business owners will make the short sighted decision to try and avoid paying a broker’s commission by … Read more
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