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When and How Do You Communicate a Business Sale?

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Confidentiality and Your Business Sale? March 15, 2018  by  Michael Shea PA   (Edit) When to Communicate the Sale of Your Business The decision to sell your business is a big one; it is an important decision likely to affect the lives of many. As a result, it is crucial to keep the sale and all negotiations for the sale of your company as confidential as possible. Likely to affect your clients, employees, vendors, and competitors, it is best to ensure any positive, or potentially negative, reactions do not affect the final sale of your hard work. It is best to wait until the end of the negotiation process to tell all interested parties. Although communication is a critical element of operating a successful business, there will be times when you can’t share everything with your employees and clients. Once you have decided to sell your business, you need to be careful not to say too much. Be selective and strategic about who you share information with during the s...

How to determine if it is time to sell your business

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As it is with many things in life, timing is everything – especially when determining the right time to sell your business. Transworld presents the following list of questions that will you help determine if you should sell your business. Consider them carefully and answer them honestly: Am I ready to sell? Do I feel more exhaustion or passion when running the business? Could selling the business solve a problem or meet a strategic goal? Do I have the right people in the right positions to lead the company to the next level under new ownership? Will someone appreciate the business enough to buy the business? Do I have a viable business model? Is the timing right to put my business up for sale? Is the market right for me to sell? Do I have, or can I get, a top-notch team to market my business? Is the business ready to sell? Are my financials well-positioned and projected to show profit and growth? Can my business adapt and cope with the changes on the horizon? If you...

Pet Grooming Business For Sale

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Successful Pet Groomer 2301-85268 ← Back Request More Information Send Via Email Description Three-Year-old successful pet grooming business located in a solid demographic area. Strong following with many happy and repeat customers. Wide range of services and two part time, well trained groomers in place, make this a solid business for the pet enthusiast. Contact Agent and Fax NDA. E2 visa doable. Listing Details Price:  $58,000 USD Down Payment:  $58,000 USD Gross Revenue:  $65,000 USD Sellers Discretionary Earnings: $45,000 USD Category:  Animals/Pets, Pet Grooming Location:  Brevard, Florida Employees:  2 Years Owned:  3 FF&E:  $3,000 USD Reason for Selling:  discuss with seller Transworld Business Advisors is the world leader in the marketing and sales of businesses, franchises and commercial real estate. Whether you represent an acquisition-minded corporation, or are personal...
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RV Repair Remodel & Body Shop 2301-74580 ← Back Request More Information Send Via Email Description Custom Collision, Repair, Remodel and Body Shop for the RV and Travel Coach industry. Ideal Location in heart of Florida tourism area with state of the art facility and paint booth. Ideal L1 Visa or E2 Visa business. Contact agent and Fax NDA and financial statement. Highly confidential Listing Details Price:  $1,450,000 USD Down Payment:  $1,250,000 USD Gross Revenue:  $1,783,783 USD Sellers Discretionary Earnings: $334,108 USD Category:  Automotive, Auto Body Shop, Automotive Painting Location:  Polk, Florida Employees:  12 Years Owned:  20 Inventory:  $50,000 USD FF&E:  $100,000 USD Reason for Selling:  Retirement https://www.tworld.com/orlando/listings/rv-repair-remodel-body-shop/

Hire the Best Business Broker

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Hire the Best Business Broker January 27, 2017  by  Michael Shea PA Business sales are hot! Volume is up and every entrepreneur believes they have the best business and that it is worth millions. So when it comes time to sell their business they do what most people do….the google to see how and who can sell their business. That is where the very first hurdle it. How do you choose the right broker to sell your business? One would think that when choosing to conduct one of the largest and most complicated financial transactions of your life you would choose carefully and do a certain amount of research. You would interview, look at track records, and choose a professional that has a demonstrated history of outcomes of success. Turns out that is not what occurs….all too often business owners and entrepreneurs choose their business brokers or advisors based on price (commission) and or whoever was the first person in the door. One of the reasons that less than 20% of a...

Property Management, Vacation Rental Company Valuation

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Business Valuation of Vacation Rental Property Management In Central Florida March 6, 2015  by  Michael Shea PA   (Edit) Anyone remotely aware of the small business market in Central Florida is no doubt aware that the sale of vacation rental management companies is a significant portion of the market place. For the past several years I have sold dozens of these companies and have come across some really bizarre statements from buyers and brokers alike about what is the methodology for valuing one of these companies. The purpose of this blog post is to provide what i hope is some reasonableness to what I think is the appropriate methodology for valuation. Some background first: There are some 17,000 or more homes and growing of properties that are in specific zoned zip codes where this type of business can be conducted. The number of companies handling services known as vacation rental management are @500 or more. An absolute number for this is not definitivel...