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Michael Shea

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Buy a Business

Understanding M&A Documents: Why MOUs, IOIs, and LOIs May Not Suit Main Street Transactions

November 20, 2024 by Michael Shea PA

So yesterday afternoon I had a calendar appointment show up on my email. I had not spoken to the gentlemen before but that is not normal. When we got on the call we spoke at length about how they were trying to buy a business (no broker involved )and had gotten their attorney in involved. […]

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: attorney, business, businessbroker, ioi, lawyers, loi, mou, orlando, tampa

Why Choose Transworld Business Advisors for Selling Your Business in Tampa

November 17, 2024 by Michael Shea PA

he is a recognized leader in the industry with impeccable credentials. His experience spans various sectors including tech, distribution, retail, and food and beverage. Known for his direct and honest feedback on exit planning and deal structure, Michael Shea has become one of Central Florida’s most successful business brokers.

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: businessbroker, businessowner, michaelsheatampabusinessbroker, tampabay, tampabusinessbroker, Transworld

Understanding SBA Loan Requirements and Ratios for Tampa Business Owners

November 15, 2024 by Michael Shea PA

For Tampa business owners, demonstrating provable cash flow is crucial when applying for an SBA loan. Cash flow statements provide lenders with insights into the business’s financial health and its ability to meet ongoing obligations. A strong cash flow not only enhances eligibility but also strengthens the overall loan application by showcasing financial stability and management capability.

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: #buyabusiness, businessowner, cashflow, sba, sellabusiness, tampa, tampabusinessbroker

10 Essential Tips for Tenants Negotiating a Lease

November 12, 2024 by Michael Shea PA

Evaluate the Exit Clause

Life happens, and business needs change. Negotiate an exit clause that outlines the conditions under which you can terminate the lease early without incurring significant penalties. This could be critical if you need to relocate, downsize, or expand sooner than expected.

Filed Under: Buy a Business, Tampa Business Sales Tagged With: bestbusinessbroker, businessbroker, guarantee, lease, michaelshea, negotiate, rent, tampabay, tampabusinessbroker

Navigating Landlord Involvement in a Business Sale

November 11, 2024 by Michael Shea PA

From lease transfers and negotiating terms to potential challenges with landlord approval, these factors can significantly impact the timeline and success of the sale

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: issues, landlord, lease, michaelshea, tampa, tampabay, tampabusinessbroker, thedealboard, transworldbusinessadvisors

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