SBA lenders favor buyers with experience in the industry of the business they’re purchasing. This doesn’t mean you need to have owned a similar business, but having a background in the same or a related field reassures lenders that you can manage the business effectively. For example, a buyer with restaurant management experience is more likely to secure financing for a food service business than someone with no relevant background. A well-crafted resume highlighting your expertise can make a significant difference.
financials
Proven Ways to Increase the Value of Your Tampa Bay Business Before You Sell
If you’re a Tampa Bay business owner thinking about selling in the next 1–3 years, there’s good news: you still have time to significantly improve your business’s value.
Too often, owners focus only on financials when preparing for a sale. But value isn’t just about revenue and profit — it’s about how transferable, scalable, and de-risked your business is in the eyes of a buyer.
From Burnout to Buyout: How Smart Florida Owners Plan Their Exit
Owning a business in Florida’s vibrant economy can be exhilarating, but it often comes with long hours, high stress, and the looming threat of burnout. For many entrepreneurs, the dream isn’t just building a thriving company—it’s exiting on their own terms, with a lucrative buyout that secures their financial future. Smart Florida business owners don’t leave their exit to chance. They plan strategically, turning burnout into a springboard for a successful sale. Here’s how they do it.
A Success Story of Selling a Retailer:
Navigating the Sale of a Retail Business: Key Insights from a Recent Case Study Selling a retail business is a significant endeavor, and understanding the intricacies involved can make all the difference. A recent YouTube clip highlights a compelling case study of a retail business sale, offering valuable lessons for anyone considering a similar […]
Selling a Restaurant or Bar that is Losing Money: Tips from Tampa Business Broker Michael Shea
Selling a restaurant or bar can be a daunting task, especially if the business is losing money. However, with the right guidance and preparation, you can still sell your business for a fair price.