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Business Buyers

Finding and Hiring Employees for Small Businesses in a Competitive Labor Market

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In a competitive labor market, finding and hiring top talent can be a challenge for small businesses. However, with the right strategies and approach, small businesses can stand out from the competition and attract the skilled employees they need to thrive. In this blog post, we will explore effective techniques and tips to help small …

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Use A Broker When Buying A Business

Why You Should Use A Broker When Buying A Business

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You’ve decided that you want to be an entrepreneur and you’re looking for a small business for sale. Maybe you love the idea of being your own boss and growing a successful business, but don’t want to start from scratch with a brand-new business idea. Buying an existing business is a great way to avoid …

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Asset Purchase Contract Explained

Florida Asset Purchase Contracts Explained

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When a prospective buyer of a business wants to take the next step by putting in an offer on a business, in Florida, they will most likely be presented with one of several versions of the BBF (Business Brokers of Florida) Asset Purchase Contract. This contract was written by attorneys for the use of the …

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After the Sale Familiarization Explained

After the Sale: Familiarization Explained

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Once the sale of a business is complete, the closing documents have been signed, and you leave the closing agent’s office, the Familiarization period begins. This is the time when buyer and seller work closely together to ensure a smooth handover from one owner to the next. What this handover looks like will vary from …

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Getting an SBA Loan The 5 C's

Getting an SBA Loan: The 5 C’s

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In order to get an SBA-backed loan to purchase an existing business, there are many pieces of the puzzle that need to fit just right. The business needs to qualify. The lender will want to see strong provable financials, and they will need to verify that the business has enough cashflow to cover the debt, …

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Ways To Figure Out If A Business Is Right For You

5 Ways To Figure Out If A Business Is Right For You

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1) The Bottom Line Meets Your Financial Goals First thing’s first: you want to make sure that the business makes enough profit to meet your financial goals. This part is actually pretty simple. Look at the numbers. Is the owner benefit that this business offers enough for you? If you are buying this business to …

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Pitfalls To Avoid When Purchasing Commercial Property With A Business

Pitfalls To Avoid When Purchasing Commercial Property With A Business

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Many businesses that are for sale have commercial property attached to the deal. Purchasing a piece of commercial property in conjunction with purchasing a business is something that adds an additional layer of complexity, but your Broker will be equipped to help guide you through the process. There is a Commercial Real Estate Contract that …

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