Business Broker Russell Cohen Blog

Businesses for Sale in Palm Beach County: UK Investor Acquires Profitable Pet Sitting Business

Pet Sitting BusinessPalm Beach County has a variety of good businesses for sale. The latest example is a visa qualified pet sitting business recently sold to an immigrant from the UK. The present owner has been in the business several years and it is well-established in the tri-county area. And though the business is profitable, the owner was selling because she wanted to focus on a different type of business in the same industry.

The buyer is in his 20s and is a businessman from the United Kingdom. He wanted to immigrate to the United States and settle in South Florida. The best way for him to do so was to find a visa qualified business he could invest in. Of the many businesses for sale in Palm Beach County, this pet sitting business fit the bill quite well.

In order for a business to be qualified for an immigrant visa, it must have clean books and records that show a solid profit. It must also have either 1099 or W-2 employees. The Palm Beach County pet sitting business that was for sale met these qualifications. The business makes a solid annual profit in the high five figures that will allow the new owner to recoup his low six figure investment in less than two years.

In addition, this pet sitting business in Palm Beach County is very easy to run. All the owner has to do is manage the moving parts. The current owner already has a full slate of 1099 contract workers that perform the services throughout the area. The current owner is also providing 30 days of training and an additional 6 months of phone/email support. This should be more than sufficient to ensure that the incoming owner will have a smooth transition into his new South Florida business.

For foreign business people that dream of immigrating to the U.S., there are few places more favorable to settle than South Florida. Businesses for sale in this area give entrepreneurs a built-in market that has the financial means to sustain a profitable entity for the long term. Florida is also home to one of the most beautiful climates in the world, and as an added bonus, the state and local governments here are business-friendly.

Check out our wide selection of visa-qualified businesses for sale in Palm Beach, Miami-Dade, and Broward County, and let us help you find the ideal business to suit your needs and fulfill your dreams.

If you are looking to invest in a US business for immigration to the United States, contact Florida business broker Russell Cohen for expert advice and experience you can trust

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Businesses for Sale in Broward County: Argentine Family Finds Their American Dream

sir-speedyAs a Broward County business broker, I work with a lot of foreign buyers that want to invest in a business here in South Florida. Recently, one such family from Argentina found the perfect fit with the purchase of a Sir Speedy franchise in Margate, Florida.

The Sir Speedy franchise in Broward County was for sale for about 9 months. The owner had been in business for over 30 years and wanted to retire. The store is well established in the community, has good employees, and turns a profit. And just as important for our Argentine family, it was a visa-qualified business.

Argentina is a difficult place to do business these days. In the midst of ongoing political instability, they are dealing with 30% inflation and finding it very hard to operate a successful business. This is the case in many other countries as well. Fortunately, for foreign business owners, there is a way to bring themselves and their family to the United States; the E2 visa.

Business owners from countries that maintain a treaty of commerce with the United States can take advantage of the E2 visa to purchase a business for sale in South Florida or any other part of the country. To qualify, they need to show financial capability to not only purchase the business, but to have sufficient funds to support themselves independent of the business. In addition, the business must be visa-qualified, and it is helpful if the investor has a background in the industry wherein he/she is entering.

In this case, the Sir Speedy business for sale in Broward County was a great match. The investor had owned a printing business in Argentina, so he already had in-depth knowledge of the industry. Also, the fact that this was a stable franchise with Sir Speedy – a well-known national brand with outstanding support – gave the investor more assurance that the business would be successful well into the future. To top it all off, the current owner agreed to stay on for an additional 60-90 days to ensure a smooth transition.

My client from Argentina is now able to bring his entire family to beautiful south Florida as he begins operating his new Sir Speedy business. This is the start of a new life for his family in America, made possible by the E2 Treaty Investor visa. If you are a foreign investor looking for an opportunity to relocate to the United States, we have numerous visa qualified south Florida businesses for sale. Get in touch with us to learn more and/or to get the process started.

Let Broward County business broker Russell Cohen help you find your dream business. Contact Him Today.

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Miami Businesses for Sale: Jet Ski Rental Business Attracts Ideal Buyer

Jet SkiThere are a lot of factors that go into a successful business sale. For both buyer and seller, it requires patience, flexibility, and a commitment to do your due diligence. But when all these elements come together, it becomes a win-win for all parties involved. A prime example is a jet ski rental business we recently sold in Miami.

As a Miami business broker, I come across all types of business owners that need to sell and move on with their lives. In the case of our jet ski rental service client, he needed to sell his business so he could dedicate more time to his family. He had a well-established and well-run business, but he had a death in the family and needed to alter his priorities.

As with all such transactions, my client needed to find a qualified buyer and he needed it done in a confidential manner. One thing that must be understood about buying or selling a business in Miami (or anywhere else) is that this is not the same as listing a home or even a piece of commercial real estate.

If word leaks out that there is a certain Miami business for sale, it can upset the employees and customers, because they may begin to think that the company is in trouble. So first and foremost, confidentiality and handling the transaction in a professional manner are critical. This is why business owners come to me. It is my job to ensure confidentiality, and to weed out the real buyers from those that are just kicking the tires.

Another important factor when selling or buying a business in Miami is flexibility. The more the seller is able to offer the buyer in the way of financing and ongoing support, the better the chance that we will find the ideal buyer and receive close to (and in most cases all) of the seller’s asking price.

My Miami jet ski rental client agreed to finance up to 50%, provide 30 days of support, and be available for the new owner by phone for up to 1 year. And since the seller financed the purchase for 32 months, he has a vested interest in seeing to it that the buyer is successful.

But my job as a Miami business broker does not end there. I also needed to make sure that the buyer was a good fit for this type of business. It took some time, but we found a young man that had previously owned a children’s party rental business and was looking for a similar business in the Florida Keys where he could enjoy the high quality of life we have down here. The jet ski business turned out to be the perfect fit for him, and the seller’s willingness to finance half the purchase helped seal the deal.

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City News Readers Choice Award 2012

Russell Cohen was named 2012 Reader’s Choice as favorite business broker in the Coral Springs, Parkland City News. 

Here’s what they had to say : 

Buying or selling a business is part of the American dream. Let Russell Cohen, Licensed Real Estate Agent with Transworld Business Advisors, help you make this dream come true. He has brokered over 400 business transactions from small businesses to multi-million dollar mergers and acquisitions. Russell will maintain your confidence while marketing your business on 15 websites. 

Using his world-wide network, Russell researches all prospective candidates, allowing you to continue to run your business during this complex process. Whether you are looking to buy a business, franchise your business, or sell your business, Russell will work hard to get the deal done. He has been a #1 Transworld agent since 2000 and has been Florida’s #1 agent since 2005(most sold businesses)

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Looking For A New Business? Florida Business For Sale

Starting a new business requires an extensive development of ideas with difficulties in building new customer connections, forming of new sales and marketing strategies, hiring employees and establishing a stable cash flow churned up by lack of recent sales record, business performance history and popularity to dynamic customers.  That is why some people in florida prefer to buying a business rather than start their own.

However, selling a business is another different thing, with the Seller factor. When selling one, the owner will have to undertake a series of procedures, a plan on how to execute the sales process and to familiarize the potential buyer with what the existing business entails. First, a prospective buyer will need information on current trading history, products range (where applicable) customers, supplies and sales records like balance sheets and cash flow history. The seller has to look out before giving out this information since not all buyers are potential buyers-some are tourists. Otherwise, they might end up leaking word that the business is on sale which might cause the business a not-so-good reputation. Thus, a confidentiality plan has to ensue. This is of importance to the buyer too.

Confidentiality is a key viewpoint in florida business for sale, acquisition or merging. Customers, suppliers and employees need to be kept out of the selling plan at early stages until the buyer and seller come in terms. When dealing with several buyers, it is clever to let them not know each other lest you might appear anxious to sell your business which may cause defranchisation. That is even if you are anxious!

Of course, some legal proceedings are undertaken in the presence of a lawyer like preparation of sales agreement containing purchase terms to document transfer of a corporation, rights clearance and transfer of ownership matters like patents and copyright between parties. This also helps in clearing future debts legally in case of fraud.

Many reasons  why people sell, buy and merge businesses. For mergers, expansion and exploration of diverse market compared to the single business sales strategy is taken into consideration, so look out for the business that has excellent sales record, fits your own sales and marketing strategy and has a capacity to grow into a boomer.

Selling and buying  florida business for sale is an extensive subject that needs keen interest to play and right to avoid pitfalls while chasing goodwill to prosper financially.

For additional information click on Florida Business For Sale

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Selling Your Retail Business in South Florida – Business Broker South Florida

Looking for a business, needing to sell your business that is a question business owners are asking all across America. South Florida is a great place to have a business, the cultural diversity, the entertainment just fantastic. However sometimes you are looking to sell your retail business and need a business broker, or someone who knows the market. There are some things to note when you are considering selling your retail business.

One of the things you should establish is a checklist for what your goals are in selling your business.
Some of the goals to consider is when you would like to sell your business, will you go through business brokers to sell your retail business. Additionally, how much would you like to sell your business for and what is the market for your type of business.

It may sound like a great deal to look at but establishing a plan with a business broker, reviewing your options is a starting point in accomplishing your business goals. Depending on your location in South Florida, the type of retail business, and your business broker you should be able to define your plan and put it into action. Also consider when you would like to have your business sold and  what is happening in the real estate market. 

It is best you have achievable strategies in place, therefore if the market is not right when you want to sell your business, your broker can give you some advice on other options. Also if the type of retail business you are selling in South Florida is new , not well known in the community you can restructure your goals, let other business owners know you are revitalizing your business to sell it.
Sometimes just recreating a plan, that is terrific is all that is required.

Having a clear understanding that your retail business may not sell for the amount you have initially invested and that your business brokers will have to let you know how the market is for selling your business is some of the things you want to consider. Again having a checklist will keep you on track and help you meet your goals effectively. And recognizing that you can sell your retail business with the right plan in place.

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Is Liquidation the Best Way to Sell Your Business? Palm Beach Business Broker

When selling a business there is much to be considered before deciding on the method of sale. The first thing to do is to have a valuation of the business by an independent Certified Public Accountant that specializes in valuations. This will give you a clear picture of the value of the business. From there it can be determined if the business should be sold as a whole or if it should be liquidated by selling the assets off separately.

To sell your business is a hard decision in the first place, because so much hard work has gone into building it. But with liquidation the owner should realize the business will cease to exist and the employees will no longer have a place to work. Employees may be due salaries, severance, leave balances and more. All of these costs may make voluntary liquidation a nonviable option. It is always wise to use a business broker to assist you in cases like this.

Assets are often seen by the owner as more valuable than they really are. A careful valuation of assets is needed to determine the actual market value. This will allow for a sound decision as to the best way to sell your business. In a voluntary liquidation, payments to creditors must be considered, there must be enough money to pay creditors or you will be left with debt after the liquidation. If the liquidation is part of a bankruptcy the court will payout the proceeds to the creditors in accordance with the bankruptcy plan and then the remaining debts will be discharged.

Liquidation is usually a last resort and is used to pay off the business debts. Sometimes the owner is unable to continue running the business and is considering liquidation as a means of shutting it down. In this situation, the owner should seek the help of a business broker. Any business that is a profitable going concern may have considerable value on the market and can be sold intact as a going concern. Often business owners do not understand the liquidation process and all that it implies. They may not realize that the business has value and can be sold as a going concern. Whatever the case maybe, all options should be thoroughly scrutinized before deciding on how to sell a business. In rare circumstances voluntary liquidation maybe the best way, but only if the valuation shows that the assets are worth more sold separately than the business as a whole.

For more information click on Sell Your Business

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Finding A Business Broker To Sell Your Business – Business Broker Fort Lauderdale

Planning to sell your business can turn out to be quite tricky and complicated when you are trying to do it on your own. You can hire a business broker and discuss the various pros and cons of selling your business. Timing is important and when you sell your business at the right time, you will be able to secure a handsome profit.

Benefits of hiring a broker Sometimes, certain companies approach you with the intention of purchasing your company from you. A broker is helpful because you will be able to negotiate in a better way. He will also be able to tell you if the competitor is on a fishing expedition – whether he really wants to buy or whether he is just trying to learn the secrets of your business. To sell your business, you need to do a lot of careful planning, have the ability to do complex negotiations, learn to handle financial discussions and finally, lots of luck.

Your broker will also function as a professional appraiser so you can run a full evaluation of what your business is worth. The valuation will help a lot when you name an asking price (it will be mostly market value) for your business. It will lend more credibility to the sale. And once you have an interested buyer, you need to negotiate the sale, prepare the documents, draft them and still look after the daily affairs of your business. You have to let the staff know of the sale and sometimes, it is done in a better way, with the guidance a professional broker.

Getting the documents ready Business formation documents, photos of your business, insurance details, client details, completed financial documents, business licenses and certifications, loan agreements (present), inventory of products and services related to your business and marketing and advertising documents must be prepared with the help of your broker. You must also get the profit and loss statements ready because the buyer will want to see everything in black and white. A final word… When you plan to sell you business, you must do it in a discrete way because if you let the fact known to your family, friends and colleagues, it could hurt your suppliers and vendors. They might immediately cut off any further relations with you; after all, they are only trying to protect their backs.

For more information click on Business Broker Fort Lauderdale

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Great Businesses To Own In South Florida – Palm Beach Business For Sale

If you’re thinking of placing your Palm Beach business for sale, you probably know that selling a business is a complex process.  You just might not know how complex it can be.

Many people attempting to sell their business go into the process blindly and are surprised by the many pitfalls that can come their way, not to mention how difficult it can be to keep the business running profitably while in the process of finding a buyer.  It’s a lot of work!

If you have a Palm Beach business for sale, consider these key facts pertaining to the selling process – so you can look before you leap:

  • Confidentiality must be maintained – It may seem to go without saying, but having the world know that you’re looking to sell your business isn’t exactly a good idea.  After all, if employees and vendors find out in advance that the business may be sold they could easily jump ship, leaving you with an unprofitable (or even defunct) business when you need it to be at its best in order to look like a worthwhile investment to potential buyers.  And rumors can easily fly – rumors pertaining to why you’re selling in the first place.
  • Sale must be advertised everywhere – Advertise, advertise, advertise.  But where? It’s important to know exactly where your gunpowder will be most effectively used.
  • Business must still be run successfully – This ties in to the first point.  Running a successful, profitable business is work enough.  So what happens when the highly involved process of selling that business coincides? Still, keeping the business running well is crucial if you expect potential buyers to bite.  After all, who wants to invest in a failing business? Not only that, but you still need to be able to live through the process.  Profitability helps.
  • Due diligence must be performed – You need to have your ducks in a row throughout the entire selling process.  What’s the market look like? How do you know if a potential buyer is qualified? Are you getting the best possible price? Have you provided full disclosure, and has full disclosure been provided to you? All of this and more is key for a successful sale.

So yes, placing your Palm Beach business for sale may seem like a daunting task, but it can be done – if you have the right help! And experienced, qualified help is definitely at your disposal.

For more information click on Palm Beach Business For Sale

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How To Search Business For Sale In Miami ? Miami Business Brokers

It’s no secret, when you’re selling a business; a business broker comes in handy. They’ll stand alongside you during the actual sale, and they’ll work their hardest, to get you the best possible price. Plus, when you’re selling a company, many precautions are taken.

  There are also precautions you must take when deciding on Miami business brokers. For example, watch out for experience and reputation. Analyzing these aspects of the broker will tell you how effective they are. Also, find out which area the broker specializes in. Certain brokerage firms specialize in just one area of transaction, so you need to choose one which fits your specific needs. Finally, it helps to see their client list. Their client list will give you a better idea of how many buyers you can expect. This way, you’ll truly get the best possible price.

Selling Your Business Is “Not Your Business”

  The precautions you must take, during the sale of your company, are summed up in a list of three rules. One, always make a good first impression, with any possible buyer. Making a good first impression is the difference between a good price and a bad one. Second, correct facts and figures make all the difference. When you present the buyer with current facts and figures, they’ll be more inclined to buy from you. Finally, do everything in your power to form a connection with the buyer. This is because you want the buyer to feel they can trust you.

  In addition to these golden rules, find out if your business is saleable and how the appraising process works. First, Miami business brokers are the best way to discover the worth of your company. By simply answering their questions and giving them updated information, you’ll get the answer you need. But, in the appraisal process, there are a lot of factors that the appraiser considers. For example, your net profit, gross profit, and turnover fluctuation are all vital factors. But, the age of your business and your company’s location will also play a major role in the appraisal process.

  Selling your business is generally a time of stress. But, the stress doesn’t have to be so overwhelming. The use of competent Miami business brokers will make all the difference. So, if you’re looking for a business broker, of you’re someone looking to buy a business, South Florida Businesses for Sale is a valuable resource.

For additional information click on Miami Business Brokers

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