erica, Author at Florida Business Broker in Sarasota & Bradenton

RISING CONFIDENCE IN THE SMALL BUSINESS ACQUISITION MARKET

October 24, 2024

BizBuySell’s Buyer-Seller Confidence Index, which surveys nearly 3,000 business owners and buyers on a 0-100 scale, revealed a rise in both buyer and seller confidence for the first time in years. Seller confidence increased 4 points to 50 from 46 in 2023, while buyer confidence increased by 2 points to 54 from 52. Currently, 54% of business owners feel confident they would receive an acceptable sale price if they sold today, while 43% expect an even higher price if they wait until next year. Katrina Loftin, managing partner and co-founder at M&A Business Advisors, explains how sellers and lenders are motivating buyers to move forward with deals: “We have definitely seen a shift from full price to a reduced price—typically around 10% less than asking. We are also seeing more buyers asking for seller financing at a rate lower than the SBA rate. Many banks have been offering incentives, so that has kept things moving.” Small business acquisitions continued to grow, increasing by 5% in the third quarter, marking the fifth consecutive quarter of growth. A total of 2,399 businesses were sold in Q3, with an enterprise value of $2 billion—20% higher than the same period last year. The largest acquisition sectors were service businesses (39%), restaurants (21%), retail (20%), and manufacturing (6%). Businesses sold in Q3 also reported stronger financials, with median revenue up 8% and median cash flow up 3.5% year-over-year. Despite the improvements in cash flow, median sale prices remained flat compared to last year and dropped 13% from the previous quarter’s record high of $375,000, settling at $325,000 in Q3. Robin Gagnon, co-founder and CEO of We Sell Restaurants, adds, “We have observed more sellers entering the market in Q3, and some are adjusting their pricing to reflect the realities of financing costs. Rather than holding off, many are motivated to close deals before any potential market shifts. While interest rates are a factor, they’re not halting transactions. Buyers and sellers are adjusting to the new normal, and deals continue to close when the financials make sense.” Source: BizBuySell Insight Report Q3 2024

RISING CONFIDENCE IN THE SMALL BUSINESS ACQUISITION MARKET Read More »

THRIVING SALON AND DAY SPA FOR SALE (SARASOTA COUNTY, FL)

August 12, 2024

Asking Price: $899,000 Gross Income: $1,712,399 Cash Flow: $327,484 Inventory: $40,000 FF&E: $200,000 Lease Hold: $50,000 Real Estate: $950,000** Employees: 24 Established: 1993 Property ID Number: BBF-8981-00550 Business Description: Growing Business in Great Location – Real Estate Available! In business for over 20 years and well-established in the community, this is an outstanding opportunity to own a thriving day spa offering a comprehensive range of hair, skin, nail, and massage services. This business is renowned for its high-quality, responsibly sourced products and excellent customer service. Strategically located in a high-traffic area, the spa ensures a consistent customer flow.With over 200 stellar Google reviews, the spa is highly rated, receiving glowing testimonials from satisfied clients. This turnkey operation is fully equipped and staffed, ready for a seamless transition to new ownership. There are ample opportunities to expand services and increase revenue. The spa has an established reputation and a strong community presence with a loyal customer base.Real estate is owned and available to purchase. Can be rolled into SBA loan. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price. Inventory: Included in asking price. Facilities: Real Estate is owned and operates within a 2600 sq ft fully equipped salon and massage spaceGrowth and Expansion: This business experiences consistent year-over-year growth. Support & Training: The owner will assist the buyer during a fifteen-day transition after closing of the transaction to ensure continued success.Reason for Selling: Other Business Interest Facebook Twitter Linkedin See All Featured Businesses

THRIVING SALON AND DAY SPA FOR SALE (SARASOTA COUNTY, FL) Read More »

Record Growth in Q2 2024

July 26, 2024

Business Sales Surge Amid Stabilizing Economy In the second quarter of 2024, the business sales market demonstrated remarkable growth, with 2,448 businesses sold, representing a total enterprise value of $1.9 billion. This marks a 20% increase compared to the same period last year, highlighting a dynamic and thriving market environment. A key factor driving this surge is the median sale price, which reached a record high of $375,000. This reflects a growing buyer focus on businesses with strong financial performance. A majority of buyers, 42%, indicate that financial performance is the most important factor, followed by 26% who prioritize growth potential and 15% who consider location as a top criterion. In today’s market, 69% of buyers view recession-resistant businesses as the most desirable opportunities, with 38% favoring thriving businesses. Buyers are increasingly willing to invest in high-quality enterprises that demonstrate robust revenue and cash flow, recognizing the long-term value these businesses can offer. Moreover, the financial health of sold businesses continues to improve. The median revenue of these businesses grew by 4% year-over-year, while median cash flow saw a significant 7% increase. These metrics underscore the appeal of well-performing businesses in the current market and the premium buyers are willing to pay for them. This heightened demand for premium businesses and moderate market growth can be attributed, in part, to signs of cooling inflation. The Bureau of Labor Statistics reported a drop in the Consumer Price Index (CPI) to 3%, signaling a more stable economic environment. As inflation pressures ease, businesses and consumers alike gain confidence, spurring investment and sales activity. The evolving market landscape offers both opportunities and challenges. Sellers are in a favorable position to command higher prices, particularly if their businesses demonstrate strong financials and growth potential. Buyers, on the other hand, are navigating a competitive market, seeking businesses that offer not only stability but also the promise of future returns. In conclusion, the second quarter of 2024 has highlighted a robust and evolving business sales market, driven by record high sale prices, improved financial health of sold businesses, and a more stable economic environment. As inflation pressures ease, both sellers and buyers are positioned to capitalize on the opportunities presented by this dynamic landscape, fostering continued growth and investment in high-quality enterprises. Source: BizBuySell

Record Growth in Q2 2024 Read More »

POWERSPORTS DEALERSHIP FOR SALE (SOUTHWEST FLORIDA)

May 31, 2024

Asking Price: $2,000,000 Gross Income: $4,636,295 Cash Flow: $526,353 Inventory: $1,500,000 FF&E: $450,000 Lease Hold: $50,000 Employees: 7 Established: 2014 Business Listing ID Number: BBF-8981-00545 Business Description: Growing and Profitable Powersports/Marine Dealership in Southwest Florida This well-established business, driven by a passion for outdoor recreational powersports, offers a unique opportunity for investors or enthusiasts alike. With a strong team of dedicated professionals, the dealership has built a reputation for excellence and customer satisfaction, consistently delivering top-notch service and a comprehensive experience. Customers can find a wide range of high-quality vehicles, including ATVs, UTVs, motorcycles, boats, and personal watercraft from top brands, catering to both utility and adrenaline-seeking needs. The showroom also features accessories, gear, and a maintenance scheduling service, with experienced mechanics and technicians providing in-house mechanical services. Known for its competitive and affordable prices, the dealership offers everything from motorcycles to high-performance utility terrain vehicles and watercraft, ensuring they have the perfect vehicle for any adventure. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price. Inventory: The dealership utilizes a floor plan valued at $1,250,000, which is not included in the asking price. Buyer will need to add a Floorplan line of credit to transfer inventory.Facilities: Operates from within an 8,000 Sq Ft building Growth and Expansion: This business experiences consistent year-over-year growth. Support & Training: The owner will assist the buyer during a thirty-day transition after closing of the transaction to ensure continued success.Reason for Selling: Other Business Interest Contact Form Facebook Twitter Linkedin See All Featured Businesses

POWERSPORTS DEALERSHIP FOR SALE (SOUTHWEST FLORIDA) Read More »

APPLIANCE REPAIR BUSINESS FOR SALE (CHARLOTTE COUNTY, FL)

March 18, 2024

Asking Price: $2,700,000 Gross Income: $3,991,468 Cash Flow: $630,178 FF&E: $300,000 Inventory: $100,000 Employees: 26 Real Estate: N/A Franchise: Yes Established: 1988 Property ID Number: BBF-8981-00540 Business Description: A Leading Appliance Repair Franchise With Strong Profits and Exceptional Ratings Appliance repair franchise specializing in repairing home and commercial appliances, delivering prompt and courteous service regardless of warranty status. Their team comprises skilled and certified technicians capable of diagnosing and fixing a wide range of appliances. These technicians are extensively trained and certified to work with various brands, including Bosch, Electrolux, Frigidaire, KitchenAid, LG, Maytag, Panasonic, Samsung, Sanyo, Sharp, Viking, Whirlpool, and more. In addition to their extensive brand expertise, the company offers repair and maintenance services for dishwashers, freezers, garbage disposals, ovens, ranges, refrigerators, washers, dryers, grills, barbecues, wine coolers, and more. With a strong dedication to quality and reliability, this company has built a loyal client base in both residential and commercial sectors, earning high ratings on platforms like Google. Their commitment to excellence has led to consistent year-over-year revenue growth. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price. Facilities: Operating from two separate locations strategically positions the business to efficiently serve a broader clientele, maximizing its reach, strengthening its market presence, and facilitating seamless operations. Growth and Expansion: This business experiences consistent year-over-year growth. Support & Training: The owner will assist the buyer during a thirty-day transition after closing of the transaction to ensure continued success.Reason for Selling: Retirement Facebook Twitter Linkedin See All Featured Businesses

APPLIANCE REPAIR BUSINESS FOR SALE (CHARLOTTE COUNTY, FL) Read More »

LAWN MAINTENANCE BUSINESS FOR SALE (SARASOTA COUNTY, FL)

December 1, 2023

Asking Price: $300,000 Gross Income: $497,971 Cash Flow: $132,925 FF&E: $315,000 Employees: 7 Real Estate: N/A Franchise: Yes Established: 2006 Property ID Number: BBF-8981-00535 Business Description: Local Lawn Care Experts in Sarasota For 17 years, this landscape maintenance company has been dedicated to serving the Sarasota area. Leveraging their specialized expertise, extensive experience, and professional equipment, they consistently deliver reliable results to meet clients’ needs. Their seasoned team is recognized as experts in comprehending the advantages and challenges posed by Sarasota’s climate and soil. This knowledge empowers them to design and maintain outdoor spaces that remain lush, attractive, and enjoyable year-round. The team’s genuine care for their work and its execution underscores their commitment to providing services that are reliable, efficient, and budget-friendly. From fertilization and pesticide treatments to outdoor lighting and landscape design, they offer a comprehensive range of services to fulfill diverse client needs. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price. Facilities: This is a home based business.Growth and Expansion: There is continued growth in this business from year to year. Support & Training: The owner will assist the buyer during a thirty-day transition after closing of the transaction to ensure continued success.Reason for Selling: Other Business Interest. Facebook Twitter Linkedin See All Featured Businesses

LAWN MAINTENANCE BUSINESS FOR SALE (SARASOTA COUNTY, FL) Read More »

PURCHASING AN EXISTING BUSINESS: BENEFITS AND DISADVANTAGES

November 8, 2023

PURCHASING AN EXISTING BUSINESS: BENEFITS AND DISADVANTAGES Read More »

A BREAKDOWN OF BIZBUYSELL’S INSIGHT REPORT FOR Q3 2023

November 1, 2023

Source: BizBuySell

A BREAKDOWN OF BIZBUYSELL’S INSIGHT REPORT FOR Q3 2023 Read More »

SOD INSTALLATION BUSINESS FOR SALE (SARASOTA COUNTY, FL)

October 4, 2023

Asking Price: $649,000 Gross Income: $1,944,706 Cash Flow: $218,271 FF&E: $500,000 Inventory: N/A Employees: 12 Real Estate: Leased Established: 2018 This Listing is no longer available Business Description: Profitable Business with Growth Opportunities This sod installation business has built a stellar reputation over the years for delivering top-tier landscaping solutions. The business provides comprehensive sod installation services, including the delivery, removal of existing lawns, meticulous installation, and thorough rolling. The business offers a diverse range of sod varieties, including Bahia, Bermuda, St. Augustine, Palmetto, and more. This extensive selection allows clients to choose the perfect turf for their needs. While primarily serving clients in Charlotte, Lee, and Sarasota counties, this business also attracts customers from surrounding areas. There is significant potential for expansion into other regions of Florida. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price.Growth & Expansion: Investment in both commercial and residential landscaping is on the rise in the Southwest Florida market, positioning this business exceptionally well to capitalize on current and future growth opportunities.Support & Training: Seller will provide 30 days’ training at no cost to Buyer.Reason for Selling: Other business interests. Facebook Twitter Linkedin See All Featured Businesses

SOD INSTALLATION BUSINESS FOR SALE (SARASOTA COUNTY, FL) Read More »

POOL CONSTRUCTION BUSINESS FOR SALE (SOUTHWEST, FL)

October 2, 2023

Asking Price: $5,250,000 Gross Income: $13,773,628 Cash Flow: $2,357,670 FF&E: $500,000 Inventory: $230,920 Employees: 37 Real Estate: Owned Lease Expiration: N/A Business Reference Number: BBF-8981-00520 Business Description: Highly Profitable Pool Construction Business with Substantial Growth Opportunities This swimming pool construction business has been in business for over 40 years and has built a solid reputation over the years, earning the trust of a loyal customer base and garnering positive reviews from satisfied clients. A team of experienced and skilled professionals, including pool designers, builders, and maintenance experts, ensures top-quality workmanship and customer satisfaction. They provide design and consultancy services that ensure each client receives a customized approach that aligns to their individuality and their property’s unique characteristics, providing exceptional swimming pool solutions from design through completion. This business is in a prime position to take advantage of huge growth opportunities in one of the fastest-growing areas within Florida, and in the nation. A key employee holds a Certified Pool Contractor license (CPC). Real estate is available to purchase. Interested parties will be required to sign a Non-Disclosure Agreement and complete a Personal Financial Statement before receiving any information about this business opportunity. Detailed InformationFurniture, Fixtures, & Equipment (FF&E): Included in asking price.Facilities:Warehouse, storage and office space is owned by the business and available to purchase. The business also has a separate location that is used as additional storage for vehicles and available to purchase along with the office building.Growth and Expansion: The business currently boasts a robust backlog of orders, within one of the fastest-growing regions in both the nation and within the state of Florida. Additionally, there’s an opportunity for buyers to expand their services into pool servicing for existing swimming pools.Support & Training: Seller will provide 30 days training, additional training with seller may be negotiable. Reason for Selling: Retirement. Facebook Twitter Linkedin See All Featured Businesses

POOL CONSTRUCTION BUSINESS FOR SALE (SOUTHWEST, FL) Read More »

Author name: erica