The 2023 National State of Owner Readiness Report highlights a generational divide in business exit planning. Younger business owners—specifically Millennials and Generation X—are significantly more proactive in preparing for their eventual exit compared to Baby Boomers. This shift reflects a broader cultural and financial reality. Baby Boomers often built businesses from scratch, focusing primarily on […]
Blog
How Businesses in Tampa Bay and Clearwater Are Organized: Key Insights for Owners and Buyers
Michael Shea works with owners every day to structure smart exits, connect with qualified buyers, and ensure smooth transitions. Whether you’re a Baby Boomer thinking about retirement, a Gen X owner preparing for the next phase, or a Millennial ready to scale and sell, the right plan makes all the difference.
When is the right time to sell my business?
If you’re in Tampa Bay, Clearwater, or St. Petersburg, don’t wait until circumstances force your hand. Start preparing now. Even if you’re not ready to sell today, an experienced broker can help you understand your business’s current market value and build a plan so that when the time is right, you’re positioned for the best outcome.
Why You Want Mike Shea in Your Corner as a Broker If You’re Selling a Business
Selling a business is a high-stakes process that demands expertise in market dynamics, valuations, and negotiations to secure the best outcome. Let me break it down for you, focusing on why Mike Shea, a Central Florida broker with Transworld Business Advisors, is a strong choice for sellers. Mike Shea has facilitated over 420 business transactions […]
According to BizBuySell’s Q2 2024 Insight Report, the median sale price of small businesses in the U.S. rose to over $325,000, with valuation multiples holding steady around 2.6–3.0x SDE (Seller’s Discretionary Earnings). This confirms that valuation is not arbitrary—it’s grounded in market data, industry norms, and buyer expectations. From a broker’s perspective, valuing a […]