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Michael Shea

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Transworld

Thriving in Turbulent Times: The Resilience of Recession-Proof Businesses

September 18, 2023 by Michael Shea PA

The Great Recession, as documented by the Federal Reserve, began its ominous journey in December 2007, with the economy reaching its zenith. Over the course of nearly a year, the nation’s gross domestic product plunged by 4.3%, while the unemployment rate spiraled from under 5% to a daunting 10%.

Filed Under: Uncategorized Tagged With: businessadvisor, recessionproof, sell, tampa, tampabay, tampabusinessbroker, Transworld

You’re going to ignore this problem till it swims up and bites you on the ass

September 8, 2023 by Michael Shea PA

In the movie, Richard Dreyfuss portrays the character Matt Hooper, a marine biologist trying to explain the real danger of a great white shark to the Mayor of Amity, Larry Vaughn. Hooper is a shark expert brought in to assess the threat posed by the shark terrorizing the town’s beaches.

Filed Under: Uncategorized Tagged With: ai, businessbroker, jaws, orlando, seachange, tampa, Transworld

The change in Short Term Rental Management Companies

September 6, 2023 by Michael Shea PA

For 30-plus years Short Term Rental Property Management has been a massive industry in Florida. As in all things, technology brings change.  Let’s talk about the sea change that has occurred over the last decade. Three decades ago a property management company heavily relied upon Tour operators (Thomas Cook and Virgin Tours for example) The […]

Filed Under: Uncategorized Tagged With: airbnb, chatgpt, propertymanagement, Transworld, vacation, vacationrentals, vrbo

Why You Should Buy An Existing Restaurant As Opposed To Starting From Scratch

August 31, 2023 by Michael Shea PA

The owner leases a space, and gets a partner who is an expert because “he was in the industry”.  They select a site, hire contractors, lease the space…and spend…the buildout was 350,000…floors, walls, hood system, plumbing, etc.  All the while spending dollars on rent, insurance, and time in a location that is not producing any sales or profits.

Filed Under: Business Management Tips, Buy a Business, Selling A Business, Selling Your Company Tagged With: #buyabusiness, buyarestaurant, pizza, restaurant, tampabusinessbrokermichaelshea, Transworld

How Does Inflation Impact Your Business Sale?

August 31, 2023 by Michael Shea PA

If you’re pondering the value of your small business, our comprehensive business valuation calculator can provide valuable insights. At Transworld, we specialize in collating all the essential data necessary to assess and list your business for sale, ensuring you reap the rewards of your years of dedication.

Filed Under: Buy a Business Tagged With: #michaelsheapa, michaelshea, tampabusinessbroker, Transworld, transworldbusinessadvisors

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