Over the years I have repeatedly heard from owners that their businesses were not worth anything because they didn’t own land or there were little to no assets. I shudder to think of the amount of money left on the table because an owner didn’t understand what their business was worth. The service economy is a huge component […]
Selling A Business, Selling Your Company
Selling A Business, Selling Your Company
If I have a buyer do I need a business broker or intermediary?
In many cases the answer is “No.” There is no legal requirement that a business must be sold through an intermediary, and indeed, many thousands of businesses are sold every year without one. If the buyer is a family member or a trusted employee, and the value of the business is mutually agreed upon, and […]
Lawyers Are Like Golf Clubs
Lawyers Are Like Golf Clubs….Strange Analogy? Not so let me explain. First let me weigh in with the standard caveat. I am not a lawyer, but I have worked with hundreds of them of all shapes, sizes, and specialties: Immigration, Business, Transactional, Prosecutors, Defense, Patent, Tax, PI, and even Environmental. Let me first tell you […]
What is a good business to buy?
As a business broker, I am often asked this question and I think it’s the wrong question to ask. Small business buyers should start with questions like what are the qualities that one wants in a business. Also, take into account that when you ask someone this question it is going to reflect their worldview […]
Buying A Vacation Rental Management Company Here In Florida
So having sold probably 75 of these things I thought I would compile some information for you buyers out there: The following video gives you a brief overview of the industry here and the following stats are drawn from the Business Brokerage Press Guide. Rules of Thumb: 40 to 45% of annual sales plus inventory […]