Tag Archives: sell a business florida

Selling Buying a Business in a Pandemic

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Selling Buying a Business in a Pandemic? -Not Another Covid 19 Letter

All of our mailboxes are filling up with businesses sending us a letter on the Covid 19 Virus and their respective plans to keep all safe and continue or discontinue operations.  This is not one of those letters.  I am a Business Broker.  I am also a business owner.  I own a small business I bought 6 years ago.  I have capable people in place running the day to day and we have achieved growth each year , with last year being our best year and this year strongly trending up.    But now as a business owner I have some decisions to make. Do we shut down, suspend?, what about my employees?, what about my employee wages.

Selling Buying Running a Business in a Pandemic

I started my 1st business 34 years ago.  I had been working with a Fortune 100 company.  It had used to be working for a large company meant secure paychecks, stability, benefits and all that goes along with it.   I guess you could say a certain comfort.  But I also would witness the occasional Friday when a Managers office door would close and a long time employee leave the office despondent.  He was being let go.   I decided I didn’t want to be that person.   Started a business, bought 8 other related business and 20 years later sold that business.  I really learned the significance to individuals on the absolute importance surrounding buying and selling a business. I decided to become a business broker.

Here I am today responsible for the decision on what happens to my employees.  But where the rubber hits the road is the question-  Would I rather be responsible for these very difficult decisions or have someone make those very important decisions for me?

Is now a good time to buy or sell a business? 

Buying or selling a business is so very dependent of financing.  The banking/ financing situation is very fluid right now and how the Stimulus package affects available financing to business buyers will have a significant effect. 

I don’t know your situation.  Are you thinking about buying a business?  One suggestion I have is asking yourself these questions:

Do  you want to be the person making the tough decisions regarding your employees, your business or…

Would you rather have someone else make those decisions for you .  The answer is different for all of us.

I would rather not have to make these decisions and just go back to the way things were- but we have some work to do first.

Scott Messinger is a Professional Business Broker working with business sellers and Business Buyers in Anderson South Carolina, Greenville, the Upstate South Carolina, Florida, the USA, and internationally. For further infomation email at Scott@GatewayBusinessAdvisors.com

Florida Business For Sale News 7.28.2011

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Florida Business For Sale  Florida Businesses Sold Activity (June 7.28.2011)

I am a Florida Business broker working with business owners selling their Florida  business, and business owners looking for acquisitions.  Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.

As a  member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold .   Thousands of businesses for sale are represented by over 1000 business brokers that are members of this Association.  These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together.

Several thousand businesses for sale are listed, modified, and advertised thru this website.  Valuable information regarding Florida business for Sales and Florida Businesses Sold help me as a Business Broker Professional  keep track of the ebb and flow of the Florida Business Acquisition Market.  Understanding a business to assist in selling that business requires an understanding of the numbers behind  that business.  And understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are a few statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida. Other businesses are bought and sold without the assistance of members Business Brokers of Florida, and that info is not included in this analysis.

Recent Businesses Sold in Florida Activity (as of July 26, 2011)

  • Businesses Sold in Florida through Business Brokers of Florida  in last 30 days  – 63 vs  48 in last documented 30 day period (up 24%)
  • Top 2 industries of  Businesses Sold in Florida through Business Brokers of Florida in  last 30 days:  15 Florida Restaurants Sold in Florida     5 Beauty Shops/Hair Salons Business sold in Florida
  • Avg Days it took to sell Florida Businesses Sold in last 30 days  – 277 days-  (9 months)- doesnt include businesses that were removed from market without selling

Businesses Currently For Sale through Business Brokers of Florida – 3336  vs. 3213 in last 30 day period

Business Currently for Sale in Jacksonville Florida Area with Adjusted Cash Flow Greater than $100,000

Animals/Pets
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703237 Saint Johns, Florida USA Pet Grooming 259,000 259,000 166,444 300,454
Automotive
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703089 Duval, Florida USA Trailer Sales
/Service		 79,000 79,000 144,886 1,130,000
BBF-74703142 Duval, Florida USA Auto General Repair 189,900 100,000 101,659 444,290
BBF-74703302 Duval, Florida USA Auto Salvage 350,000 175,000 117,944 475,180
BBF-74703250 Duval, Florida USA Auto General Repair 980,000 500,000 180,833 437,467
BBF-73900330 Duval, Florida USA *Lender Pre-Qualified* Auto General Repair 989,000 989,000 185,820 425,015
BBF-74703182 Duval, Florida USA Tire Dealer 1,500,000 1,000,000 183,057 949,000
Beauty/Personal Care
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703188 Duval, Florida USA Hair Salon
/Day Spa		 295,000 210,000 125,834 300,163
Business Services
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703194 Duval, Florida USA Valet Parking 275,000 175,000 121,903 410,000
Cleaning/Clothing
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-73909310 Saint Johns, Florida USA Dry Cleaners 175,000 175,000 119,234 340,616
BBF-74703162 Duval, Florida USA Coin Laundry 599,000 300,000 111,538 304,038
Construction
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703176 Duval, Florida USA Contractor Gutters 199,000 199,000 103,473 275,470
BBF-75609055 Duval, Florida USA Contractor A
/C & Heating		 275,000 220,000 115,929 664,768
BBF-75609043 Duval, Florida USA *Contract Pending* Contractor General 995,000 645,000 351,079 3,009,376
BBF-75609042 Duval, Florida USA Contractor General 1,645,000 1,295,000 351,079 3,009,376
BBF-74703234 Duval, Florida USA Site Preparation 6,000,000 6,000,000 501,324 16,385,479
Distribution
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-72002137 Duval, Florida USA Dist-Computer Software 1,000,000 950,000 293,839 2,794,019
Engineering
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-75609093 Duval, Florida USA *Contract Pending* *Lender Pre-Qualified* Engineering Environmental 138,000 25,950 138,396 318,970
Financial Related
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-16412029 Duval, Florida USA Collection Agency 825,000 825,000 225,125 560,875
BBF-75609032 Duval, Florida USA Banking
/Finance		 5,350,000 5,350,000 754,624 8,653,570
Fitness
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703201 Saint Johns, Florida USA *Lender Pre-Qualified* Fitness Center 249,000 45,000 102,316 301,857
BBF-74703100 Saint Johns, Florida USA Fitness Health Club 399,000 399,000 176,418 636,532
Food Business Retail
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703240 Duval, Florida USA Deli
/Catering		 119,000 60,000 100,984 380,000
Furniture Retail
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703219 Duval, Florida USA Furniture Store 89,900 50,000 104,000 200,000
Gas Station
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703101 Duval, Florida USA Gas Station
/C-Store		 175,000 175,000 142,139 529,000
BBF-74703292 Duval, Florida USA Gas Station
/C-Store		 499,000 350,000 391,129 1,528,161
Jewelry
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703146 Saint Johns, Florida USA Jewelry Retail 595,000 595,000 287,069 703,214
BBF-74702968 Duval, Florida USA Jewelry Wholesale 1,399,500 1,399,500 875,000 1,240,000
Lawn/Landscaping
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703279 Saint Johns, Florida USA Tree Service 249,000 249,000 150,000 500,000
Liquor Related Biz
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703267 Duval, Florida USA Sports Bar 139,000 60,000 112,750 396,000
BBF-74703295 Saint Johns, Florida USA Liquor Nite Club 249,000 249,000 268,333 1,174,560
BBF-74703193 Saint Johns, Florida USA Sports Bar 295,000 295,000 152,857 798,312
BBF-74703149 Saint Johns, Florida USA Bar
/Restaurant		 395,000 275,000 221,711 895,478
BBF-74703262 Duval, Florida USA Liquor Nite Club 425,000 425,000 110,000 350,000
BBF-74703044 Saint Johns, Florida USA Beer
/Wine Bar		 495,000 275,000 218,922 415,877
BBF-74703212 Duval, Florida USA Adult Entertainment 2,400,000 1,900,000 650,000 1,200,000
Manufacturing
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-75609119 Duval, Florida USA Mfg-Metal Products 1,150,000 975,000 199,323 1,777,176
BBF-75609120 Duval, Florida USA Mfg-Metal Products 2,000,000 1,825,000 199,323 1,777,176
Medical Related Biz
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-75351040 Saint Johns, Florida USA Medical Speech Therapy 350,000 350,000 120,022 412,187
BBF-75608123 Duval, Florida USA Non-Med Home Care 520,000 520,000 132,836 478,615
BBF-74703087 Duval, Florida USA Laser Clinic 1,050,000 800,000 401,744 925,000
BBF-74703095 Duval, Florida USA Medical Spa 1,050,000 800,000 149,676 829,108
BBF-40901900 Duval, Florida USA Medical Equipment 1,650,000 1,320,000 455,007 1,488,927
Moving
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-75609103 Duval, Florida USA Moving Storage Company 6,755,000 6,755,000 403,767 717,133
Office Supplies
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-72002134 Saint Johns, Florida USA *Lender Pre-Qualified* Office Supplies 275,000 275,000 101,162 508,621
Pool & Spa Business
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703303 Saint Johns, Florida USA Pool
/Spa Supply Store		 279,000 279,000 138,786 647,042
Printing/Typesetting
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-72002133 Saint Johns, Florida USA *Lender Pre-Qualified* Printing Business 275,000 275,000 101,162 508,621
Recreation
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74920353 Duval, Florida USA Entertainment 465,000 465,000 144,740 687,542
BBF-73909338 Duval, Florida USA Game Room 622,500 622,500 415,103 1,597,605
BBF-26407049 Duval, Florida USA Casino Ship 5,750,000 5,750,000 2,951,895 8,778,545
Rental Business
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703259 Duval, Florida USA Rental Party Goods 650,000 400,000 214,053 540,611
Restaurants
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703256 Duval, Florida USA American Restaurant 99,900 74,900 102,433 335,232
BBF-74703097 Duval, Florida USA Italian Restaurant 190,000 95,000 109,572 414,186
BBF-74703207 Duval, Florida USA Breakfast Lunch 199,000 150,000 140,000 550,000
BBF-74703255 Duval, Florida USA Pizza Shop 225,000 225,000 112,839 455,755
BBF-74703268 Duval, Florida USA Italian Restaurant 250,000 150,000 141,778 564,583
BBF-74703306 Duval, Florida USA American Restaurant 250,000 200,000 148,825 827,520
BBF-74703056 Duval, Florida USA Pizza Shop 275,000 275,000 110,220 600,000
BBF-75609082 Duval, Florida USA Pizza Shop 295,000 145,000 190,354 682,930
BBF-74703156 Saint Johns, Florida USA Cafe Type Eatery 450,000 250,000 216,735 629,690
BBF-74703278 Duval, Florida USA Italian Restaurant 599,900 300,000 330,469 1,263,569
BBF-74703055 Duval, Florida USA Pizza Shop 699,900 399,900 204,958 1,515,000
Retail Miscellaneous
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703285 Duval, Florida USA Retail Tobacco Store 550,000 400,000 307,298 1,539,648
Shoes/Footwear
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-74703147 Duval, Florida USA Shoes Retail 299,000 149,500 100,100 400,816
Transportation
Listing No.  Location  Category Detail  Price  Down  Adjusted Net  Sales 
BBF-75608126 Duval, Florida USA Medical Transport 520,000 520,000 132,836 478,615

Highlighted Industry:

Heating and Cooling Contractors for Sale in Florida, includes HVAC Businesses For Sale in Florida,  A/C Companies For Sale in Florida

  • Number of HVAC or A/C Businesses  Sold in Florida in last 2 years -6
  • Average Adjusted Cash Flow of  HVAC Businesses sold in Florida  – $155,000
  • Average  Sale Price of HVAC Businesses sold in Florida in last 2 years  $295,000
  • Number of  HVAC  Businesses  Currently For Sale in Florida- 21

HVAC businesses in Florida  are very good opportunities for both the strategic buyer, looking to grow revenues by acquisition, and  a  good business for one looking to relocate to Florida.  Recurring revenue, large demand for the A/C component of the business and the good cash flow these businesses can generate are  a few reasons buying a HVAC business in Florida may be a good fit.  Looking to Buy a business in Florida?

*All above info compiled from data available via the bbfmls website.


For more info or questions regarding the Florida Business Acquisition Market or Florida Businesses for sale please contact

Scott M Messinger

Scott@Sellabusinessflorida.com

239.770.2421


 

Florida Businesses For Sale-

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Florida Business For Sale  Florida Businesses Sold Activity (June 6.8.2011)

I am a Florida Business broker working with business owners selling their Florida  business, and business owners looking for acquisitions.  Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.

As a  member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold .   Thousands of businesses for sale are represented by over 1000 business brokers that are members of this Association.  These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together.

Several thousand businesses for sale are listed, modified, and advertised thru this website.  Valuable information regarding Florida business for Sales and Florida Businesses Sold help me as a Business Broker Professional  keep track of the ebb and flow of the Florida Business Acquisition Market.  Understanding a business to assist in selling that business requires an understanding of the numbers behind  that business.  And understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are a few statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida.

 

Recent Businesses Sold in Florida Activity

  • Businesses Sold in Florida through Business Brokers of Florida  in last 30 days  – 48
  • Top 2 industries of  Businesses Sold in Florida through Business Brokers of Florida in  last 30 days:  9 Florida Restaurants Sold in Florida     4 Lawn Service Business sold in Florida
  • Avg Days it took to sell Florida Businesses Sold in last 30 days  – 270 days-  (9 months)

Businesses Currently For Sale through Business Brokers of Florida – 3213

Businesses Sold in Florida through Business Brokers of Florida over last year –  872

  1. Businesses For Sale through Business Brokers of Florida with Net Income Less than $100k – 1196
  2. Businesses For Sale through Business Brokers of Florida with Net Income More  than $100k –  1117
  3. Businesses For Sale through Business Brokers of Florida with Net Income More  than $200k  – 484
  4. Businesses For Sale through Business Brokers of Florida with Net Income More  than $300k –   223
  5. Businesses For Sale through Business Brokers of Florida with Net Income More  than $400k –   112
  6. Businesses For Sale through Business Brokers of Florida with Net Income More  than $500k –  66
  7. Businesses For Sale through Business Brokers of Florida with Net Income More  than $1M        -19

Highlighted Industry:     Automotive  Business For Sale in Florida                      Automotive businesses for sale include Auto Repair businesses for sale,Towing Businesses For Sale in Florida, Auto Car Washes for Sale in Florida, Auto Car Sales Businesses for Sale in Florida, Auto Body Shops for Sale in Florida, and other Auto related businesses .

  • Number of Automotive Businesses  Sold in Florida in last 2 years -54`
  • Average Days it took to sell –  282
  • Number of Automotive Businesses  Currently For Sale in Florida- 186

Currently I represent a Towing Business For Sale in Jacksonville Florida. This business for sale is available with or without Realestate and relizes revenue streams from towing, service, storage and resales. Looking to Buy a business in Florida?

All above info compiled from data available via the bbfmls website.


For more info or questions regarding the Florida Business Acquisition Market or Florida Businesses for sale please contact

Scott M Messinger

Scott@Sellabusinessflorida.com

239.770.2421

 

Buying Selling a Business- Businesses For Sale Florida

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Florida Business For Sale Activity (May 18,2011)

I am a Florida Business broker working with business owners selling their Florida  business, and business owners looking for acquisitions.  Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.

As a  member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold .   Thousands of businesses for sale are represented by over 1000 business brokers that are members of this Association.  These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together. Several thousand businesses for sale are listed, modified, and advertised thru this website.

Valuable information regarding Florida business for Sales and Florida Businesses Sold help me as a Business Broker Professional keep track of the ebb and flow of the Florida Business Acquisition Market.  Understanding a business to assist in selling that business requires an understanding of the numbers behind  that business.  An understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are a few statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida.

  1. Florida Business for sale Priced over $1,000,000- 298
  2. Florida Business Sold for over $1,000,000 in last year= 37
  3. Businesses Currently  For Sale in Florida through Business brokers of Florida –  3253
  4. Restaurants For Sale through Business Brokers of Florida – 663
  5. Businesses For Sale in Florida with Revenue of less than $500,000- 2315
  6. Businesses Sold in Florida through Business Brokers of Florida over last year (365) Days – 878
  7. Businesses Sold in Florida through Business Brokers of Florida over last month –  59
  8. Businesses For Sale in Florida requiring a Down payment of less than $50,000 -536

 

Along with the above statistical information a few  I include specifics of note

Highlighted Industry:     Lawn Landscape Business For Sale in Florida

  • Number of Lawn Services Sold in Florida in last 2 years -100
  • Number of Lawn Services Currently For Sale in Florida- 81

Currently I represent a Lawn Service business that we have an accepted contract on and are going thru the due diligence process. A Lawn service business can provide a very reasonable Owner benefit, and  entry  into the field can be made with a fairly minimal investment.  Looking to Buy a business in Florida?

For more info or questions regarding the Florida Business Acquisition Market or Florida Businesses for sale please contact

Scott M Messinger

Scott@Sellabusinessflorida.com

239.770.2421

Its not Who You Know its Who Knows You

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Our business world revolves around the type and number of business contacts and relationships we have nurtured.  Quality business relationships play a large part in a successful business. I am a business broker based in Florida and and I strongly value the business relationships I have. I don`t necessarily want to know more relevant people, I want more people to know me. As we network and strive to grow our business, its important to remember its not who you know, its who knows you.

Establishing The Right Relationships

We use various means to establish those relationships.  When we make it our goal to grow our businesses by “getting out there and meeting more people”, that effort can be somewhat miss-guided.  For every business person the needs are a little different.  I help people buy and sell business.  I strive to speak to more people that are considering buying a business.

I also prospect and market to reach small business owners that have an interest in selling their business.  In some businesses the largest asset may be the production equipment, in others it may be their building they own, in my business as a business broker my largest asset along with my experiences may be my business relationships.

Actually to me the concept of Business Relationships has changed significantly over the last several years with the evolving of the internet and social media. And the definition of a business relation has become somewhat blurred.

“On Facebook I have 1800 friends”, “on Twitter 12,000 Follow Me and I follow 14,000” “On Linked-In I have 2200  Contacts”.-  I actually dont have these sort of numbers but many of us know people that do.  The real fact, at least for me, is that if I have to use all my fingers and toes to count my real friends I consider myself fortunate.

Business Relationships

Photo (c) sheranescloset.com

Does Knowing People Mean That They Know You?

Do the 1800 Facebook friends know you ?, Do the 14,000 on Twitter know you?, Of the 2200 Contacts on Link-ed In , how many are going to shoot me an email when they want to Buy a Business or Sell a Business in Florida, or buy printer paper, or get my lawn service, or whatever my business offers?

As we strive to network and expand our sphere of relationships I recently got reminded of the actual goal of this effort , or rather what the end result of this effort should actually be.  Very often I think thru my networking efforts, I want to meet people, when really what I want to do is have people meet me, get to know me. I know who President Obama is,  I don`t really”know” President Obama.  So I know of President Obama- does that help my business -no.  But what if President Obama knew me or knew of me?

I know of Bill Gates-Microsoft.  So what?  What if Bill Gates knew of me?  But from a practical standpoint, knowing the president of the small business right here on Main St is nice, but meeting him and striving to get him to know me, and when he and his friends are talking and one strikes up the all to common conversation of ” Do you know anyone who…..”   can help me buy a business in Florida, this small business owner can say yes, I know this great business broker and his name is…