August 19th, 2010
Beautiful build-out includes $550,000 in leasehold improvements and $90,000 in Equipment. Well equipped kitchen includes everything you need. Great opportunity to own a turn-key restaurant for ONLY $119,000! Contact us to request a confidentiality agreement. info@myflbb.com
August 5th, 2010
Established over 10 years, this northeast Florida based tire dealer provides Commercial Sales and superior Service. Great books and records. Reliable staff in place, gross sales of $850K+. Established customer base and great location with easy access to major arteries. Sale includes boom trucks and other vehicles to provide roadside assistance.
Asking $525,000, $185,000 Discretionary Earnings, some seller financing available for qualified buyer on this business acquisition. Contact us to request a confidentiality agreement.
July 15th, 2010
Thalia Weidler and I will be participating in the Jax Business Expo at UNF on Tuesday, July 27th between 1:30 and 6:30pm. (University of North Florida Grand Banquet Hall, 12000 Alumni Drive, Jacksonville, FL 32244)
I will be giving a talk during the expo “Maximize your Investment – Tips to Increase your Business Value” at 2:30pm. Please find a summary regarding this topic below. Attendance is FREE, so don’t miss it! We look forward to seeing you there.
Maximize your Investment – Tips to Increase your business value
At some point, whether today, five years from now or twenty years from now a business owner will consider selling their business. Often the catalyst for such an event is something dramatic such as illness, family issues, or other personal events. In these cases the business sale becomes more urgent and there is less time to make changes that could have an overall positive impact on the businesses value. This talk will outline some helpful hints that will assist business owners with preparing their business for sale, whether they are looking to sell immediately or at some point in the future. If they are preparing for retirement, are burned out, or just want to be prepared for eventual sale you can expect this discussion to provide useful information that they can apply to their business immediately.
July 8th, 2010
Established HVAC company available for acquisition. In business for 17 years providing residential HVAC sales and service to Northeast Florida. New marketing strategies have lowered costs and increased market share. Professionally run organization with great books and records. Seller works an average of 20-25 hours/week in the business. New Owner could focus on expansion. $1.4million in sales for 2010 based off of annualized figures (January 1 through June 31). Discretionary Earnings well over $300K. Asking $525,000. Bank financing through the SBA available for qualified industry buyer with only 15% of project costs down, or Seller financing available ($350K down) for qualified, experienced buyer. Seller will assist to insure smooth transiton. E-mail info@myflbb.com to request confidentiality agreement or call 904-254-7846 for immediate assistance.
May 11th, 2010
Business-for-Sale Transaction Recovery Predicted
BizBuySell.com projects that 2010 will show slow but consistent recovery in the business-for-sale market, citing the following industry drivers:
March 29th, 2010
You may be wondering about the donor link on the home page. We are helping Dignity U Wear (www.dignityuwear.org) with their Undie Sunday/Undie Monday fundraising drive (ends May 17th). What a wonderful way to help needy children by raising funds for (or donations of) new, packaged undergarments and socks. If you would like to participate, either visit the Dignity U Wear website, donate on this website, or contact us directly and I’m glad to help. This is our fifth year participating in this worthwhile cause and I hope this year you’ll consider joining us too, because the children need our help!
March 3rd, 2010
As a business broker I am frequently asked about the status of capital gains taxes and if they will be increasing. The tax laws can be complex so you will want to consult your tax professional for advice on your specific situation, but it may be helpful to know a few basics. Most business sellers are in at least the 25% tax bracket so the top 15% rate is generally the rate they experience. In 2003 there was legislation passed to reduce capital gains taxes. The Tax Increase Prevention and Reconciliation Act of 2005 extended this rate through 2010. Unfortunately, this reduction is scheduled to expire December 31, 2010. That means the top capital gains rate of 15% will revert back to its 2003 level of 20% beginning in 2011.
Based on current political discussions it is unlikely that this reduced capital gains rate will be extended. The question has even been asked whether Congress will raise it higher.
There are also bills in both the house and senate that call for surtax increases for Health Care Reform and payroll tax increases. A combination of these bills and the expiration of tax cuts will likely cause some people to exceed a 25% aggregate rate according to Monty Walker, CPA. He also states in his article Federal Capital Gain Tax Rates: Where are they headed? (January 2010) “If congress decides to implement further increases, anyone who waited until 2011 to sell a business will wish they could go back in time to 2010″.
