Things to Consider when Buying a Business

Things to Consider when Buying a Business:

 An attorney offer 6 key (and basic) considerations everyone buying a business needed to cover. 

Read: Things to Consider when Buying a Business

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com

Small Businesses' Unique Opportunity in Social Media by @tammykfennell | Spin Sucks

Small Businesses' Unique Opportunity in Social Media :

According to a recent study by Blue, 50 percent of small businesses report they have developed new leads from social media. Are you utilizing social media? Do you have a social media strategy?

 Read: Small Businesses' Unique Opportunity in Social Media

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com

How Much Is Your Florida Salon/Spa Worth?

A question on the top of every business owner’s mind is, “how much is my business worth?” 

Americans have cut back plenty since the economy tanked, but they aren’t skipping visits to their hair salons. And there are buyers for salon when owners are ready to sell. Here is some data regarding sales and pricing of salons that have sold in Florida. Here are some numbers for you to ponder: 

28 = the number of salon/spa businesses sold in the last twelve months by the Business Broker of Florida Association members.

$271,543 = the average revenue of the 28 sold salon/spa businesses.

$107,125 = the average sales price of the 28 sold salon/spa businesses.

$68,739 = the average owner benefit generated in each sold salon/spa business.

1.371 = the owner benefit multiple (sales price divided by owner benefit) of the 28 sold salon/spa businesses.

0.387 = the revenue multiple (sales price divided by revenue) of the 28 sold salon/spa businesses.

86% = the average percentage down payment of the 28 sold salon/spa businesses.

What does this mean?

Salon/spa businesses are in high demand. And, in spite of a more conservative and cash strapped buying clientele, they are still paying near historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your salon/spa business, now is a great time! Please contact me for a no obligation discussion.

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com

How to Make a Written Offer to Buy a Business

Excellent article concerning how to make a contingent offer to purchase a business.  A contingent offer is made prior to the seller opening his/her books and allows the buyer to back out of the purchase if the business does not meet their requirements or other problems occur such as the inability to finance the transaction, transfer a lease, etc..

Read:  How to Make a Written Offer to Buy a Business | William Bruce on Business: A Discussion

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com

Read: How To Sell A Restaurant

How To Sell A Restaurant

Excellent insights into preparing to sell a restaurant and increasing the value and chance of selling it.

Read:  How To Sell A Restaurant

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com

7 Blogs and Newsletters That Can Help You Sell a Business

Every business sale is different. Here is an article from a New York Times columnist and Arkansas business broker that provides links to seven excellent blogs and newsletters on business sales.  Whether you are a business broker, or business owner wanting to keep up with the latest information on business sales, this is worth a read.

Read:  7 Blogs and Newsletters That Can Help You Sell a Business - NYTimes.com

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com

Buying a Business: Common Dangers and Pitfalls

Buying a Business: Common Dangers and Pitfalls:

Very often the business purchase agreements presented by brokers to potential buyers are designed to protect the broker and not the parties to the agreement. By contrast, the Business Brokers of Florida (BBF) has an excellent standard form that is a good starting point for negotiations.

Read:  Buying a Business: Common Dangers and Pitfalls

For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call  at 888-925-5055 ext.206.  Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com  Also, visit our Florida Business Exchange website at www.fbxbrokers.com