Wednesday, April 17, 2013

Why are people standing in lines at Starbucks?


            
      The simple answer to this question is that it works !  Many have developed a taste and a habit for Hazelnut Macchiato Espresso or Chai Latte.  Others, like me, just love coffee.......strong black coffee varieties from around the globe.   The more subtle reason why Starbuck's "works" along with every other popular franchise is that when you walk in the door you know exactly what you are going to get.  No more mediocre coffee, unqualified service companies, and substandard products.  All they need to do is deliver what you are expecting with a high level of consistency.  That's it, BOOM !!  Success !

     Of course there are many franchises that do not succeed for a variety of reasons, a fact well concealed by the franchise industry.  Local knowledge is essential in choosing the right location and a product or service that matches up with the needs of the local demographics. The type of business also needs to match up with the skill set and experience level of the franchisee. Working with an experienced business broker is invaluable in helping a buyer make the right decisions.  It can be the single biggest factor in avoiding obvious and unnecessary mistakes along the way.

     The reason I want to talk about franchises is that we are seeing a trend of people moving to Florida who are not ready to retire or more often, cannot afford to do so when 10 year CD's are paying 1.01%.  Their plans have changed along with the unforgiving world economic downturn and they need a source of income.  For many of these folks, but not all, a franchise business may be a perfect fit.  I say "not all" because often an ongoing business that is not a franchise is a better fit.  I have written a questionnaire that many of my clients have found helpful in evaluating what type of business best suits their individual needs and matches up best with their skill set and level of experience.  Just send me an email and I would be glad to send along a copy to you.

      I want to emphasize how important "local knowledge" is.  You probably would not buy a house in Florida without the help of a local Realtor to guide you and answer any questions or doubts you may have.  It is doubly important to work with a local business broker when buying a local business or a franchise.  Would you want a franchisor's 'real estate expert' from Chicago help you select the best location?  We have all seen a spot where one restaurant after another has opened and closed.  It's the location !  Local knowledge, can't beat it.  If you want to see businesses for sale in Florida, or learn more  please get in touch by visiting our website: http://www.southfloridaforme.com/Search_Businesses

 

Monday, April 8, 2013

Florida Business Sales-The New Normal


Whether you are thinking of moving to Florida or you already live here, we are seeing a significant trend in the way people are thinking about their retirement.  With all of the Baby Boomers moving to Florida and enjoying the great weather and a more relaxed lifestyle there are great opportunities to meet their needs for all of the goods and services they require.  Just about every type of business that caters to this population and to the newly revived real estate market is currently experiencing a re-birth along with healthy growth. What is surprising is the number of people who are taking advantage of this market by buying service businesses.  Here are a few of the groups that seem to make up a large part of this trend:
     First there are Florida residents who are leaving the jobs they currently have and selling the businesses that they now own to buy businesses that cater to this trend in the areas where the growth is strongest, such as Broward and Palm Beach Counties.  They are buying just about any type of business that fits the growing needs of this population.  They repeatedly tell us that they see this trend continuing for years and that is where they want to be.  We think they are exactly correct in positioning themselves this way for the foreseeable future.
     The next group that we hear a lot from is people from across the country who have been planning to retire to Florida and have been telling us two different stories.  Many see the strong growth in our area as an opportunity to speed up their move to Florida where they see a stronger business climate than where they presently live.   Others are representative of the 'New Norm' and are now changing their retirement plans to include a new business venture to supplement the income that has been diminished by the value of their real estate holdings and other assorted 'victims' of the changing economy.  It is interesting to note that we have seen some people collaborate with friends and relatives to collectively buy a business that they can each work in part time.  This may be an interesting trend in itself to watch as it does seem to make a lot of sense for a growing number of people.
      Buying a business in Florida is a particularly good idea for a large number of those who want to retire however they are not able to live reasonably on their social security and their savings.  Many had planned on a certain return from dividends or interest from their savings and now find these returns almost negligible.  In order to supplement their income many are finding that taking their years of experience and putting it to work by buying a business is the most viable option.  We see this more and more and I am sure that this trend will continue at least for the foreseeable future. The dream of retirement has been dashed for many Boomers and they have accepted the 'New Norm' and are adjusting accordingly.
     The business brokerage business in Florida is very strong right now and it is interesting to note how many people we speak with who just are tired of their present job or business and just want to try something new that they believe they will enjoy more. We love working with this group because of their enthusiasm and their determination to improve their lives.  After all, that is what it is all about.
    To search businesses for sale in Florida please visit:

Florida Business Sales-The New Normal


Whether you are thinking of moving to Florida or you already live here, we are seeing a significant trend in the way people are thinking about their retirement.  With all of the Baby Boomers moving to Florida and enjoying the great weather and a more relaxed lifestyle there are great opportunities to meet their needs for all of the goods and services they require.  Just about every type of business that caters to this population and to the newly revived real estate market is currently experiencing a re-birth along with healthy growth. What is surprising is the number of people who are taking advantage of this market by buying service businesses.  Here are a few of the groups that seem to make up a large part of this trend:
     First there are Florida residents who are leaving the jobs they currently have and selling the businesses that they now own to buy businesses that cater to this trend in the areas where the growth is strongest, such as Broward and Palm Beach Counties.  They are buying just about any type of business that fits the growing needs of this population.  They repeatedly tell us that they see this trend continuing for years and that is where they want to be.  We think they are exactly correct in positioning themselves this way for the foreseeable future.
     The next group that we hear a lot from is people from across the country who have been planning to retire to Florida and have been telling us two different stories.  Many see the strong growth in our area as an opportunity to speed up their move to Florida where they see a stronger business climate than where they presently live.   Others are representative of the 'New Norm' and are now changing their retirement plans to include a new business venture to supplement the income that has been diminished by the value of their real estate holdings and other assorted 'victims' of the changing economy.  It is interesting to note that we have seen some people collaborate with friends and relatives to collectively buy a business that they can each work in part time.  This may be an interesting trend in itself to watch as it does seem to make a lot of sense for a growing number of people.
      Buying a business in Florida is a particularly good idea for a large number of those who want to retire however they are not able to live reasonably on their social security and their savings.  Many had planned on a certain return from dividends or interest from their savings and now find these returns almost negligible.  In order to supplement their income many are finding that taking their years of experience and putting it to work by buying a business is the most viable option.  We see this more and more and I am sure that this trend will continue at least for the foreseeable future. The dream of retirement has been dashed for many Boomers and they have accepted the 'New Norm' and are adjusting accordingly.
     The business brokerage business in Florida is very strong right now and it is interesting to note how many people we speak with who just are tired of their present job or business and just want to try something new that they believe they will enjoy more. We love working with this group because of their enthusiasm and their determination to improve their lives.  After all, that is what it is all about.
    To search businesses for sale in Florida please visit: