As a seasoned business broker, I’ve heard the same tired myth time and again: “90% of restaurants fail in their first year.” It’s a scary statistic that gets tossed around without much scrutiny, discouraging aspiring restaurateurs and skewing perceptions about the industry. The truth? It’s not nearly that grim.
Buy a Business
How Long Does It Take to Sell a Business in Tampa?
A motivated seller, prepared with all documentation and a reasonable timeline, will move faster than one who hesitates, drags their feet, or keeps changing their terms. Michael guides you through each step so there are no surprises and no delays.
Why Michael Shea Is the #1 Business Broker in Tampa and Clearwater
Michael’s reputation is built on honesty and execution. He tells it like it is — even if it’s not what a seller wants to hear. Why? Because he believes in setting realistic expectations and exceeding them, not sugar-coating the truth. That’s why so many of his clients become repeat clients or referrals. In a market crowded with part-time brokers and flashy promises, Michael Shea stands out by consistently delivering.
“Trust Me, Bro” Isn’t a Valuation Strategy
If you admit you didn’t report all your income, buyers start wondering what else they can’t see. Are expenses inflated? Are vendor deals under the table? Are there legal issues lurking? Unreported cash opens a can of doubt you can’t close.
The Myth of Easy SBA Loans: What Buyers Need to Know
While SBA loans can be a great tool to finance a business acquisition, they’re far from simple or guaranteed. In fact, many deals fall apart because buyers underestimate what it takes to actually secure SBA funding. Here are five reasons why getting an SBA loan is harder than people think: