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Florida Business For Sale | 100 Facts on Sold August 2012

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Florida Business For SaleFlorida Business For Sale | Business Broker

I am a Florida Business broker working with business owners selling their Florida  businesses, and business owners and individuals looking for acquisitions.  Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.

As a  member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold .   Thousands of businesses for sale are represented by over 1000 business brokers that are members of this Association.  These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together. Several thousand businesses for sale are listed, modified, and advertised thru this website.  Valuable information regarding Florida business for Sale and Florida Businesses Sold help me as a Business Broker Profesional  keep track of the ebb and flow of the Florida Business Acquisition Market.  Understanding a business to assist in selling that business requires an understanding of the numbers behind  that business.  And understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are 100 +-  facts, statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida. Other businesses are bought and sold without the assistance of members Business Brokers of Florida, and that info is not included in this analysis. All of these numbers are as of today August 15th, 2012….

Florida Business For Sale | Thousands For Sale?

  • There are approximately 3020 Florida Businesses for Sale
  • There are approx. 100 Florida Business For Sale that have both a net income of $100k or more and require no more than a $100k Net income
  • Of the 3000 plus Florida Businesses For Sale 17 have a Net Income of $1M
  • Of the 3000 plus Florida Businesses for Sale 1142  have Net Income greater than $100k

Below are actual businesses currently for Sale in Florida-  in North Florida (Jacksonville Florida) , Central Florida (Orlando area) and South Florida (Miami area)

 

Automotive
Location Category Detail Price Adjusted Net Sales
Orange, Florida USA Fleet Service 290,000 172,108 301,166
Cleaning/Clothing
Location Category Price Adjusted Net Sales
Orange, Florida USA Dry Cleaners 325,000 118,650 548,952
Construction
Location Category Detail Price Adjusted Net Sales
Orange, Florida USA Contractor Electric 138,967 1,095,531
Medical Related
Location Category Detail Price Adjusted Net Sales
Orange, Florida USA Medical Equipment 265,061 1,332,620
Motorcycle
Location Category Detail Price Adjusted Net Sales
Miami-Dade, Florida USA Motorcycle Dealership 125,000 100,515 900,816
Restaurants
Location Category Detail Price Adjusted Net Sales
Orange, Florida USA Italian Restaurant 114,900 120,399 555,708
Orange, Florida USA Pizza Shop 114,900 120,399 555,708
Orange, Florida USA Breakfast Lunch 140,000 118,366 229,417
Orange, Florida USA Pizza Shop 150,000 104,901 331,710
Miami-Dade, Florida USA Ethnic Restaurant 159,000 116,000 540,000
Footwear
Location Category Detail Price Adjusted Net Sales
Duval, Florida USA Shoes Repairs 139,000 124,915 198,350

 

500 plus business have been sold  in Florida thru Business Brokers of Florida YTD

Averages of 500 plus Businesses Sold in Florida thru 8/15/2012
Sales Sold Price Adjusted Net Adjusted Net/Sales Sell Price Multiple Down Pmt % Days To Sell
568,938 210,785 108,003 0.255 1.478 81.30% 225

The days it takes to sell a business “Days on Market”  Does not include all businesses that attempt to sell and dont.  Not all businesses that attempt to sell do result in that business being sold.  The average Selling Price of the 500 + businesses sold in Florida was about $201k. What is Your business worth?Notes on these above numbers: 

Florida Business For Sale | A Good Deal?

  • The average of businesses sold-  sold at about 1.5x the annual adjusted Net.
  • The above averages include businesses (less than 10%) are businesses that may include real estate in the Sold price
  • The average business earned (their Adjusted Net ) was about 25% of their Sales-  What is yours?

Every Business is different.  Looking to Sell your Business?  Do you consider your business “average”?   Looking to Buy a Florida Business?  Should you pay an “Above average”  Price for a Below Average Business?

Source of current information above Business Brokers of Florida

Topic: Florida Business For Sale

 

Florida Business For Sale Florida Businesses Sold Activity 2011

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Florida Business For Sale  Florida Businesses Sold Activity 2011

I am a Florida Business broker working with business owners selling their Florida  businesses, and business owners and individuals looking for acquisitions.  Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.

As a  member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold .   Thousands of businesses for sale are represented by over 1000 business brokers that are members of this Association.  These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together. Several thousand businesses for sale are listed, modified, and advertised thru this website.  Valuable information regarding Florida business for Sales and Florida Businesses Sold help me as a Business Broker Professional  keep track of the ebb and flow of the Florida Business Acquisition Market.  Understanding a business to assist in selling that business requires an understanding of the numbers behind  that business.  And understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are a few statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida. Other businesses are bought and sold without the assistance of members Business Brokers of Florida, and that info is not included in this analysis.

Businesses Sold in Florida Activity for 2011

Businesses Sold in Florida through Business Brokers of Florida  in  2011  – 859  vs 931  in 2010.  About a 7% drop.

Averages of all businesses sold in 2011:

Average Sales – $541,000   Average Price Sold For- $243,000   Average Adjusted Net- $96,000   Days on Market  224 (note all DOM (days on market) numbers DO NOT include those taken off the for sale market)

Florida businesses sold in 2011  Items of note:

  • Restaurants sold in Florida – Number sold- 199   Avg Sales-$326k  Avg  Sold Avg.Price-$140k     Adj Net-$67k  DOM 211

over 20% of all businesses sold in 2011 were restaurants!  Currently 670 are for sale

  • Dry Cleaners/Laundry Business sold in Florida-39  Avg. Sales-$174k Avg.  Sold Avg. Price-$119k   Avg. Adj Net-$64k

fairly active sector- fairly low business entry point, and fairly easy learning curve.

  • Manufacturing businesses sold in Florida- 15   Avg. Sales $1.3M   Avg.Sold price-$713k Avg. Adj Net-$148k DOM-275

Florida is a very service oriented business community, not a lot of manufacturing activity, relatively.

  • Lawn Service Businesses Sold in Florida-33 Avg. Sales-$190k   Avg. Sold Price- $ 115k  Avg. Adj Net- $73k  DOM-186

lots of lawn service business sold and for sale in Florida but almost exclusively “smaller” with average sales of $190k

  • Insurance related businesses Sold in Florida-15  Avg. Sales- $226k    Avg. Sold Price-$335k  Avg. Adj.Net- $110k  DOM -166

I took note of insurance because they received a very good multiple when compared to most other industries 3+ times adjusted Net. and the average days on market less than 6 months- a fairly fast sell time.

As of December 28,2011…

Businesses Currently For Sale through Business Brokers of Florida – 3392 vs. 3373   in last 30 day period.  about same.

  • Number of Business Currently for Sale in Jacksonville Florida Area (Duval County and St.Johns County) – 209
  • Number of Business Sold in Jacksonville Florida Area in2011- 48
  • Number of Restaurants for Sale in Jacksonville Fl Area-56 (about 25% of all Jacksonville businesses for sale)

Current Business Interest and Activity Observations: as of  December 28,2011

Is there a pent up supply being created.?  Every year business owners get closer to exiting their businesses.  Another year has gone by.  How many business owners planned or intended to sell their business in 2010 or 2011 and have decided to delay that action?

Will this “supply” of businesses for sale affect the price that a business may realize due to a potential increase in supply?  If demand stays consistent and supply increases, prices by market forces tend to move down.  So how does one balance the strategy to wait until company performance improves vs selling into a potentially lower valued market?  I always like to think tomorrow will be better as I am a fairly optimistic person- things will get better, just not sure how many tomorrows its going to take.

 

  • *All above info compiled from data available via the bbfmls website. And addresses information about businesses being bought and sold and reported thru this Professional organization of Business Brokers of Florida.

For more info or questions regarding the Florida Business Acquisition Market or Florida Businesses for sale please contact

Scott M Messinger

Scott@Sellabusinessflorida.com

239.770.2421


 

Florida Business For Sale Florida Businesses Sold Activity (Nov.22, 2011)

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Florida Business For Sale  Florida Businesses Sold Activity (Oct.12, 2011)

I am a Florida Business broker working with business owners selling their Florida  businesses, and business owners looking for acquisitions.  Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.

As a  member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold .   Thousands of businesses for sale are represented by over 1000 business brokers that are members of this Association.

These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together. Several thousand businesses for sale are listed, modified, and advertised thru this website.  Valuable information regarding Florida business for Sales and Florida Businesses Sold help me as a Business Broker Professional  keep track of the ebb and flow of the Florida Business Acquisition Market.

Understanding a business to assist in selling that business requires an understanding of the numbers behind  that business.  And understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are a few statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida. Other businesses are bought and sold without the assistance of members Business Brokers of Florida, and that info is not included in this analysis.

Recent Businesses Sold in Florida Activity (as of  Nov 22. 12, 2011)

  • Businesses Sold in Florida through Business Brokers of Florida  in last 30 days  – 42 vs 28 in prior 30 day (Oct.12,2011) documented  period
  • Top  industry of  Businesses Sold in Florida through Business Brokers of Florida in  last 30 days:   Restaurants   (as usual…) other most active- Lawn Service, Contractor, Retail
  • Avg Days it took to sell Florida Businesses Sold in last 30 days  – 235 (about 8 months vs. –  (5 months)- in last documented 30 day period (Oct 2011), doesnt include businesses that were removed from market without selling (One Florida  business sold in 1341 days)

As of Nov 22, 2011…

Businesses Currently For Sale through Business Brokers of Florida – 3373 vs. 3301   in last 30 day period.  up about 2%

  • Number of Business Currently for Sale in Jacksonville Florida Area (Duval County and St.Johns County) – 217
  • Number of Business Sold in Jacksonville Florida Area in last year- 46

Current Business Interest and Activity Obseravtions: as of  Nov 22, 2011

My profession has me involved with speaking to many business owners in Florida and many “prospective business buyers”. Recent discussions continue to enforce consistent facts about todays business acquisition and sales market in Florida:

  • People are actively  looking to buy good businesses.  
  • Business Owners are hesitant to put their business up for sale because the business is down from peak or higher levels. 
  • A business offering Seller financing both attract more buyers and increases the likelihood of the business sale.

*All above info compiled from data available via the bbfmls website. And addresses information about businesses being bought and sold and reported thru this Professional organization of Business Brokers of Florida.

For more info or questions regarding the Florida Business Acquisition Market or Florida Businesses for sale please contact

Scott M Messinger

Scott@Sellabusinessflorida.com

239.770.2421


 

Buying Selling a Business- Businesses For Sale Florida

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Florida Business For Sale Activity (May 18,2011)

I am a Florida Business broker working with business owners selling their Florida  business, and business owners looking for acquisitions.  Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.

As a  member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold .   Thousands of businesses for sale are represented by over 1000 business brokers that are members of this Association.  These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together. Several thousand businesses for sale are listed, modified, and advertised thru this website.

Valuable information regarding Florida business for Sales and Florida Businesses Sold help me as a Business Broker Professional keep track of the ebb and flow of the Florida Business Acquisition Market.  Understanding a business to assist in selling that business requires an understanding of the numbers behind  that business.  An understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are a few statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida.

  1. Florida Business for sale Priced over $1,000,000- 298
  2. Florida Business Sold for over $1,000,000 in last year= 37
  3. Businesses Currently  For Sale in Florida through Business brokers of Florida –  3253
  4. Restaurants For Sale through Business Brokers of Florida – 663
  5. Businesses For Sale in Florida with Revenue of less than $500,000- 2315
  6. Businesses Sold in Florida through Business Brokers of Florida over last year (365) Days – 878
  7. Businesses Sold in Florida through Business Brokers of Florida over last month –  59
  8. Businesses For Sale in Florida requiring a Down payment of less than $50,000 -536

 

Along with the above statistical information a few  I include specifics of note

Highlighted Industry:     Lawn Landscape Business For Sale in Florida

  • Number of Lawn Services Sold in Florida in last 2 years -100
  • Number of Lawn Services Currently For Sale in Florida- 81

Currently I represent a Lawn Service business that we have an accepted contract on and are going thru the due diligence process. A Lawn service business can provide a very reasonable Owner benefit, and  entry  into the field can be made with a fairly minimal investment.  Looking to Buy a business in Florida?

For more info or questions regarding the Florida Business Acquisition Market or Florida Businesses for sale please contact

Scott M Messinger

Scott@Sellabusinessflorida.com

239.770.2421

I’m Looking to Buy a Business

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“I’m Looking to Buy a Business“.  As a business broker based here in Florida  this is a statement that I hear often.  Within  the industry various statistics are stated regarding business buyers.  I have heard that 9 out of 10 of those that say they want to buy a business actually don’t buy a business.  Based on my experiences that statistic may hold true.  There are so many currently employed that during their 40- hour work week aspire to “be their own boss” by starting their own business or buying their own business.

Live Your Dream – Buy A Business

There are many unemployed out there that also think they may want to buy or start a business.  So while there are probably as many as millions of those both currently employed or unemployed that aspire to buy a business or start  a business, there is a much much smaller subset of those that even attempt to act on those aspirations.  Of that small percent that actually act on their dreams and or  goals a small percent may contact a business broker such as myself, and a small percentage of that group may find themselves at a closing table signing documents and actually buying a business.

Many business acquisitions are done with out the assistance of a business broker.  The numbers of how many entrepreneur types set off to buy a business and successful find a business without the professional assistance of a business broker are unknown to me.  I personally  had bought several businesses on my own without the assistance of a business broker.

These were strategic acquisitions within a certain industry.  I personally feel these types of acquisitions have a higher success rate.  Existing relationships, industry knowledge, focus,  and synergies provide for a higher success rate.   My views on this are based upon a fair amount of first hand experiences of myself and peers. This discussion is based primarily on non- strategic type acquisitions as referred to above.

Buy A Business

Photo (c) richardparker.com

Just one of the many steps in the process of buying a business that I assist in is how to apply some focus and some parameters to the basic statement of “I want to buy a Business”.  Being my company website is Sell a Business Florida I assume the person contacting me thru my website is looking to buy a business in Florida, but very often many of the other parameters have not been carefully considered.

When one is looking to buy a business criteria can range from looking at a certain specific company, to a certain “type” of business, to “I want to buy A business in the state of Florida”.  If you (or someone that you know) are currently employed and want to act on aspirations to buy their own business and gain the feeling of control of ones destiny, or are currently unemployed and view buying a business  to be the best means to a gainful career please consider the following.

Things To Consider Before Buying A Business

Below are a few parameters to consider when searching to buy a business.  The list can be long and extensive but the below is a starting point that allows the search to buy a business to maintain some focus.

  • Location-  For business purposes and family purposes does the business need to be in a certain State, County, City, or a certain side of town?  Or are you looking to buy a home based business that you can operate from most anywhere in the world?
  • Type of Business-  Are you looking to buy a certain type of business  like a Landscape Company For Sale or Towing Business For Sale , or are you looking to buy a business that has maintained certain performance levels such as “I want to buy a business that has at least 3 consecutive  years of  Net Income of $100,000+”.
  • Are you looking to buy a Hands on or Hands off business.
  • How much Available Capital to do you have? – This will set a range of businesses that you may consider.  Keep in mind that both Available capital for buying a business and Working Capital for running the business should both be considered.
  • Are you looking for a business that includes real estate
  • Are you looking for a business that provides Seller Financing?

Prospective Business Buyer– ” Hi Scott I am looking to Buy a Business in Florida” Scott– ” Great,  What type of business are you looking to buy” Prospective Business Buyer – “I really don’t know”