By Michael Shea, Transworld Tampa Selling a business in Florida is a big move—one that comes with excitement, opportunity, and, for many owners, a healthy dose of anxiety about confidentiality. You’ve built your company in a competitive market like Tampa Bay, and the last thing you want is for word to leak out before you’re […]
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Do you trust your wife?
So there is this great scene in Shawshank Redemption where Andy Dufresne and the other prisoners are on the roof of the prison tarring the roof on a detail.
The lead guard Captain Hadley finds out he just received inheritance from his dead brother of $35,000. (Now if you do not like profanity do not watch this scene.
The Bank has a say on the deal. You got to understand the ratios when selling your business
Picture the DSCR as your business’s financial fitness test—like a CrossFit workout for your cash flow. It tells lenders if you’ve got enough moolah to cover your loan payments without turning into a pirate begging for treasure. The formula’s simpler than a sunset at St. Pete Beach:
Trust But Verify
One client review perfectly encapsulates Michael’s approach:
“Mike is a no-nonsense, straight-talking guy that knows this business better than anyone. He’s an amazing broker and goes above and beyond for his clients.”
Logic or Fortune Cookie Wisdom
Check out our latest podcast episode here https://open.spotify.com/episode/2s92GAvqfg9ImrjjCeu7Bg?si=85f3b9bad61d4b92