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 […]
Selling A Business, Selling Your Company
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 […]
The Four Mistakes Sellers Make When Selling Their Business
TOP FOUR MISTAKES BUSINESS OWNERS MAKE WHEN TRANSITIONING A BUSINESS At some point, nearly every business owner faces a business transition. The 3 D’s are inevitable: Death, Divorce, Divestiture. As the business often represents the single largest asset on many owners’ personal balance sheets, its value can represent a lifetime of focus, energy, and work. […]