Green & Co. Business Brokers: It is our goal to make the process of either buying a new business or selling your current business as smooth and efficient as possible…
The International Business Brokers Association (IBBA) had their annual conference last weekend in Orlando, FL. Before the kickoff of the festivities for the IBBA, Florida’s business broker association, the Business Brokers of Florida (BBF) held their annual awards ceremony. Four of Green and Company’s most seasoned business brokers were honored for their outstanding achievements in …
Running a small business demands relentless dedication, unwavering commitment, and careful decision-making. Yet, one critical aspect that often gets overlooked amidst the daily operations is exit planning. Exit planning refers to the strategic process of preparing a small business for a smooth and successful transition when the owner decides to retire, sell the business, or …
Why Having an Exit Plan is Essential for Small Business Owners Read More »
An allocation of the purchase price is an essential component to a business sale transaction. Both buyer and seller have to work together to get it done, but most people have never heard of it before. Here we will explain exactly what it is, why it’s necessary, and it’s our goal to prepare buyers and …
Purchase Price Allocation in a Florida Business Sale Read More »
What and Why?An earnest money deposit, otherwise known as an escrow deposit, is an important part of any asset purchase contract. It is essentially the buyer’s initial deposit on the purchase of the business, which is held by a neutral third party, like the closing attorney or escrow company. The deposit is the buyer’s “skin in …
A non-compete agreement or covenant not to compete between a buyer and seller is almost always included in the Asset Purchase Contract. Why?A buyer will not want to purchase a business, only to find that the seller is creating a new business just down the street that will compete with the one they purchased. Therefore, the …
When a buyer submits an offer to a seller, the seller can respond in one of three ways. First, they can accept the offer as is. Next, they could just outright reject the offer if it just isn’t in the ballpark of what they would accept. Alternatively, the seller can choose to counter the seller’s …
Like so many of our friends and neighbors in Florida, we are shaken and saddened by the tragic loss of lives and livelihoods within our beloved southwest Florida community in the wake of Hurricane Ian. We have also been immensely inspired not only by the heroic actions of emergency services personnel and support networks throughout …
“If they can’t do it in California, it can’t be done anywhere.” – Taylor Caldwell In what is an enormous milestone for us, Green & Co. Business Brokers are now offering our award-winning brokerage services in California as well as Florida! We are officially licensed to operate in the State of California as a business brokerage, …
A business tenant typically owns the business but not the building out of which they operate. This is the case for the vast majority of businesses throughout the country. As a tenant of a larger commercial landlord, there are a number of items that you should consider before signing a lease. In a commercial lease, every …
At several points in the process of selling a business, we will very likely request a 12-month rolling profit and loss statement from the seller when we are valuing a business to take it to market, updating a business listing’s financials, or at the request of a potential buyer. For sellers, it important to know …
A 12-Month Rolling Profit and Loss Statement Explained Read More »
