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Michael Shea

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Transworld

Why Refusing to Share a Buyer Profile Hurts You as a Buyer

May 9, 2025 by Michael Shea PA

The market for quality businesses is competitive. According to BizBuySell, only 20-25% of listed businesses sell, and desirable businesses often attract multiple offers. Sellers and brokers prioritize buyers who demonstrate readiness and transparency. If you refuse to provide a buyer profile, you’re signaling that you’re either unprepared or unwilling to play by the rules. Meanwhile, other buyers—those who promptly submit their profiles—are moving ahead, scheduling meetings, and building trust with sellers.

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: broker, business, businessbrokers, businessbuyer, buyer, capacity, experience, goals, michaelshea, seller, transparent, Transworld

Debunking the Restaurant Failure Myth: Why Restaurants Really Fail

May 9, 2025 by Michael Shea PA

As a seasoned business broker, I’ve heard the same tired myth time and again: “90% of restaurants fail in their first year.” It’s a scary statistic that gets tossed around without much scrutiny, discouraging aspiring restaurateurs and skewing perceptions about the industry. The truth? It’s not nearly that grim.

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: buyarestaurant, michaelshea, restaurants, sellarestaurant, sellingyourrestaurant, tampabusinessbroker, Transworld

The Key KPIs Every Tampa Business Owner Should Be Tracking

April 30, 2025 by Michael Shea PA

KPIs aren’t just for accountants or marketing teams — they’re for you, the business owner. The Tampa market is vibrant, but it’s also competitive. You can’t afford to run your business on instinct alone.

Filed Under: Business Management Tips, exitplan, exitplanning, Selling A Business, Selling Your Company Tagged With: cac, customer, grossprofitmargin, kpi, leas, lifetimevalue, michaelshea, operatingcashflow, productivity, revenuegrowth, tampa, Transworld, website

“Trust Me, Bro” Isn’t a Valuation Strategy

April 30, 2025 by Michael Shea PA

If you admit you didn’t report all your income, buyers start wondering what else they can’t see. Are expenses inflated? Are vendor deals under the table? Are there legal issues lurking? Unreported cash opens a can of doubt you can’t close.

Filed Under: Buy a Business, exitplan, exitplanning, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: buyerpool, ghost, hiding, income, michaelshea, risk, tampabusinessbroker, Transworld, trust, valuation, verifiable, whatelseareyouhiding

Top 5 Mistakes For-Sale-By-Owner (FSBO) Business Sellers Make

April 27, 2025 by Michael Shea PA

Pricing Based on Emotion, Not Reality

Most FSBO sellers price their business based on what they want to get—not what the market will actually pay. Without a proper valuation and understanding of market conditions in Tampa and Clearwater, you risk scaring away real buyers or leaving serious money on the table

Filed Under: Buy a Business, Selling A Business, Selling Your Company, Tampa Business Sales Tagged With: blindsided, buyers, confidentiality, landmines, prescreen, pricing, stress, time, Transworld, wastingtime

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