Thursday, November 23, 2017

Business Broker South Florida: Buying a Business usingS.B.A. Financing



We wanted to wish all of you a very happy holiday and tell you how thankful we are for your partnership. We also want to make sure we are communicating any changes coming to our industry in a timely manner.

There has been a lot of chatter and confusion around changes in SBA lending coming in 2018. We have met with some of our top lenders as well as reviewed the details outlined on the SBA website and wanted to distill down information that pertains to our business. The changes outlined below will go into effect on January 1, 2018.
  1. Franchise Registry: The franchise registry will be managed and updated by the SBA. In order for a franchise to be approved for an SBA loan, they must be on the approved SBA Franchise Directory. All franchises must submit their franchise agreement and FDD to the SBA directly to be approved. The full list, as well as instructions for being included on the directory, is available here.
  2. 10% Equity Injection: The SBA will require a borrower to contribute no less than 10% of the total project costs for a start-up or change of ownership (acquisition) loan (there was no minimum in place by the SBA previously). Individual banks usually require a 20 – 30% equity injection, but it remains to be seen whether these standards will be lowered. We are communicating closely with our partner lenders to better understand how this might affect lending.
  3. Seller Debt cannot be considered Equity Injection. A seller note may not be used toward the 10% equity injection required from the borrower. We can still use seller debt to reduce the SBA loan amount, but the repayments will need to be factored into the debt service coverage ratio calculation by the lender. This change is most likely to have immediate implications, so we will be paying close attention to how lenders structure deals that include a seller note.
  4. Removed the 25% Equity Injection Rule when Goodwill exceeds $500,000. Equity injection requirements for business acquisitions will now be made at a lender’s discretion as long as they still comply with rule #2 above. We don’t expect a large change from the 20-30% we have been seeing.
Please feel to reach out to me should you have further questions regarding these changes. By working together, we will ensure you get the funding you need.

Have a wonderful Thanksgiving.




edwardsklar@southfloridaforme.com

Buying a Business usingS.B.A. Financing

Buying a Business in South Florida using    S.B.A. Financing 





We wanted to wish all of you a very happy holiday and tell you how thankful we are for your partnership. We also want to make sure we are communicating any changes coming to our industry in a timely manner.

There has been a lot of chatter and confusion around changes in SBA lending coming in 2018. We have met with some of our top lenders as well as reviewed the details outlined on the SBA website and wanted to distill down information that pertains to our business. The changes outlined below will go into effect on January 1, 2018.
  1. Franchise Registry: The franchise registry will be managed and updated by the SBA. In order for a franchise to be approved for an SBA loan, they must be on the approved SBA Franchise Directory. All franchises must submit their franchise agreement and FDD to the SBA directly to be approved. The full list, as well as instructions for being included on the directory, is available here.
  2. 10% Equity Injection: The SBA will require a borrower to contribute no less than 10% of the total project costs for a start-up or change of ownership (acquisition) loan (there was no minimum in place by the SBA previously). Individual banks usually require a 20 – 30% equity injection, but it remains to be seen whether these standards will be lowered. We are communicating closely with our partner lenders to better understand how this might affect lending.
  3. Seller Debt cannot be considered Equity Injection. A seller note may not be used toward the 10% equity injection required from the borrower. We can still use seller debt to reduce the SBA loan amount, but the repayments will need to be factored into the debt service coverage ratio calculation by the lender. This change is most likely to have immediate implications, so we will be paying close attention to how lenders structure deals that include a seller note.
  4. Removed the 25% Equity Injection Rule when Goodwill exceeds $500,000. Equity injection requirements for business acquisitions will now be made at a lender’s discretion as long as they still comply with rule #2 above. We don’t expect a large change from the 20-30% we have been seeing.
Please feel to reach out to me should you have further questions regarding these changes. By working together, we will ensure you get the funding you need.

Have a wonderful Thanksgiving.


edwardsklar@southfloridaforme.com


Wednesday, November 22, 2017

Business Broker South Florida: Florida Business Sales-The New Norm

Business Broker South Florida: Florida Business Sales-The New Norm: As we start the Thanksgiving Holiday, and people are reflecting on Giving Thanks, I am sharing what I am seeing in the dynamic of why peopl...

Florida Business Sales-The New Norm

As we start the Thanksgiving Holiday, and people are reflecting on Giving Thanks, I am sharing what I am seeing in the dynamic of why people are Buying a Business in South Florida.Whether you are thinking of moving to South 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 South 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 in Boca Raton, Fort Lauderdale, West Palm Beach, etc..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 South 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.
    Financing the purchase of a Business in South Florida has become much easier for those with good credit. Additionally, being able to use the funds in your Retirement Account to acquire a business has become a part of the New Norm as the stock market has reached new highs on a daily basis. Also, Seller Financing is available on many of the businesses we currently have available for sale in South Florida.
  Please contact me at: edwardsklar@southfloridaforme.com

Tuesday, November 14, 2017

Selling your Business in South Florida

 South Florida Businesses Needed 

Seeking Businesses for Sale with Sales Volume between $500k-$3m

 Active Buyers including Private Equity firms, Corporations, and Individuals, looking for Businesses 

We Do Not get Paid until you get Paid 

Complimentary Business Plan to ensure Maximum Valuation for your Business



Search South Florida Businesses for Sale

edwardsklar@southfloridaforme.com



Friday, November 10, 2017

Calling on REALTORS & Businesses to Help our Heroes

As a REALTOR, Business Broker, NonProfit Founder, and Veteran I am asking the Real Estate community to Donate a portion of your next commission to a Nonprofit organization that supports Veterans. If you are a Business Owner I would encourage you to Donate as well.
A recent report I read indicated that 22 veterans a day were committing suicide-how is this possible? The lack of resources available to Veterans is disgraceful and this is my way of trying to help our Heroes.
If you are Buying or Selling a Business in South Florida I will commit to Donating a portion of my commission on the business to a Veterans organization.






Friday, September 1, 2017

Help us Help Texas

 Help us Help Texas


 As a member of REBSEA I Donate a portion of my Commission to Nonprofit Organizations. I will be concentrating my donations to assisting those needing help from this storm ravaged state. Contact me If you have an interest in buying or selling a business in Florida.

REBSEA members who support Nonprofits in their communities can be searched by City, State, or Province at REBSEA Member Directory www.rebsea.org


Search Businesses for Sale in Florida

Sunday, August 20, 2017

Ready to leave the Corporate World?

Baby Boomers Dilemma-Buying a Business at your Age?

As a card carrying member of the Boomer generation and a South Florida Business Broker  I hear the stories of why business owners are selling their Florida businesses. Perhaps even more interesting is why so many Boomers are interested in Buying a Florida Business at this stage of their life.


This is because many Baby Boomers in Florida are too young to retire, and are facing age discrimination in the corporate world.  What is a better way to use your years of experience in the corporate world than to leverage your strengths  and buy a business in Florida?

An interesting tidbit is that those in the age group between 55-64 years of age form businesses at a higher rate than any other age group. Many people in this group have substantial retirement accounts but  realize that starting to use these funds too early makes retirement a tradeoff of trying to live life on a fixed and limited income.
Many people are realizing the cost of living in many places in the country does not enable a lifestyle that is conducive to quality of life that you have work so hard to achieve and why Florida has become a leading choice for those seeking a lifestyle change.

As a Boca Raton Business Broker I am primarily involved with South Florida businesses for sale which includes business listings in Palm Beach, Broward, and Dade Counties. However, my membership in the Business Brokers of Florida (BBF) gives me an opportunity to find businesses for sale throughout Florida.

Many people I have spoken with are not certain which type of business makes the most  sense for them which has prompted me to create a questionnaire to help narrow down the choices. If you have an interest in receiving a copy of this document send me an email

edwardsklar@southfloridaforme.com  and I will be pleased to send it to you.




Many of the businesses we have available offer owner financing but
 here are the most popular funding solutions we use to provide funding:
  • 401(k) Business Financing (Rollovers for Business Start-ups)
  • SBA Loans
  • Unsecured credit
  • Portfolio Loans


Please think about how secure you will feel in buying a business with established cash flow where your expertise can bring it to another level. All of our clients receive an opportunity to work with our team of professionals for assistance in areas such as legal, accounting, marketing, sales, and business planning.



Friday, August 18, 2017

Business Wanted-Digital Media

Digital Marketing/Web Design/Hosting -Business Wanted


Broker working with client ready to buy company with recurring revenue from web hosting/search engine optimization (SEO), web site maintenance, and web site design. Client base should be national and work force should be remote.
The Owner Benefit should be in the $500,000 range.
Send details to: edwardsklar@southfloridaforme.com

Search Businesses for Sale in Florida
www.southfloridaforme.com

Thursday, August 17, 2017

 For Sale/Partnership-South Florida Public Relations & Digital Media Agency Media Exposure used to be easy with limited options Today, A company has to be a Master of all of the Media Universe- Integrated Company of broadcast, print, talent, and digital media into one multi-faceted agency All components have been rolled into this company,. Crisis Management is a core competency of this award winning company founded by P.R. Guru. 
Contacr: edwardsklar@southfloridaforme.com


Search Businesses for Sale in Florida www.southfloridaforme.com

Sunday, August 13, 2017

For Sale/Partnership-Skin Cancer Diagnostic Lab Company

South Florida company has saturated local market with 14 Medical Laboratories placed in local Dermatology offices. This concept enables patients to receive Next Day Diagnosis to verify if their growth requires further action. The owner is seeking a Strategic Buyer/Partner who has the resources to grow this proven profitable business outside of this local area. Dermatologists are eager to place a lab in their office as it generates a substantial profit center from a small office (or even a closet). Also, patient satisfaction is enhanced by their ability to receive a rapid diagnosis instead of having to wait a week until the lab results come back from the external lab.
Please send your name, address, email, and phone to receive an N.D.A. and Offering Memorandum
Contact:edwardsklar@southfloridaforme.com
Edward Sklar, Business Broker/REALTOR
South Florida for me/United Realty Group
Business Brokers of Florida
Search Businesses for Sale in Florida
www.southfloridaforme.com
For

Saturday, August 12, 2017

For Sale or Partnership-Public Relations & Digital Media Agency in South Slorida

For Sale/Partnership-Public Relations & Digital Media  Agency

Media Exposure used to be easy with limited options Today, A company has to be a Master of all of the Media Universe For Sale- Integrated Company of broadcast, print, talent, and digital media into one multi-faceted agency All components have been rolled into this company,. Crisis Management is a core competency of this award winning company

Search Businesses for Sale in Floridawww.southfloridaforme.com


For Sale or Partnership Public Relations and Digital Media Agency

For Sale or Partnership Public Relations and Digital Media Agency

Friday, August 11, 2017

Do you have a Retirement Account with $400,000?

Do you have a Retirement Account with $400,000?
Are you ready to Buy a Profitable Business and Control your Future?

One of our financing sources can help you convert your Retirement Account into a Down Payment for one of the Businesses we have listed in South Florida such as:
Sliding Glass Door Manufacturer
Niche Medical Business
Public Relations & Digital Media Agency

Please contact me:
edwardsklar@southfloridaforme.com

Edward Sklar, Business Broker/REALTOR
South Florida for Me/United Realty Group


Search All Florida Businesses For Sale
www.southfloridaforme.com

Thursday, August 10, 2017

Wanted-C.P.A. firm in New York City



My client is interested in purchasing an existing C.P,A, office from an owner interested in Retiring.  Ideally,  the firm will have sales in the range of $250,000-$750,000. My client is a C.P.A. currently working in Manhattan and seeking to own their own practice.

Please Contact me at: edwardsklar@southfloridaforme.com

Edward Sklar, Business Broker South Florida/REALTOR
South Florida for Me/United Realty Group
Search Businesses for Sale in Florida

Wednesday, August 9, 2017

Business Broker South Florida: Remember when Public Relations exposure was Easy?

Business Broker South Florida: Remember when Public Relations exposure was Easy?: Media Exposure used to be easy with limited options for reaching an audience on television, newspaper, radio, or magazines Today, A...

Remember when Public Relations exposure was Easy?



Media Exposure used to be easy with limited options for reaching an audience on television, newspaper, radio, or magazines
Today, A company has to be a Master of all of the Media/Internet Universe with a multilingual staff that can provide expertise to multiple industries.
As a South Florida Business Broker I have listed For Sale- 
An Integrated  Public Relations and Digital Media Company of broadcast, print, talent, and digital media into one multi-faceted agency All components have been rolled into this company that is currently available for acquisition or partnership.
Crisis Management is a core competency of this award winning company, and has been demonstrated with companies ranging from Fortune 500 to the SMB space.
This company is located in South Florida and was founded by an industry icon who is a published author and prolific blogger.
If you have an interest in learning more please contact
Edward Sklar-Business Broker&REALTOR
South Florida for Me/United Realty Group
edwardsklar@southfloridaforme.com



Saturday, August 5, 2017

Digital MediaPR Agency for Sale

Digital MediaPR Agency for Sale

Business Broker South Florida: Digital Media/P.R. firm-For Sale

Business Broker South Florida: Digital Media/P.R. firm-For Sale: There was a time when the Newspaper was the only tool for spreading the word to the masses, but times have changed: Integration of broa...

Digital Media/P.R. firm-For Sale

There was a time when the Newspaper was the only tool for spreading the word to the masses, but times have changed:
Integration of broadcast, print, and digital media into one multi-faceted agency All components have been rolled into this company, as well as a talent agency and a video production company, This agency has a multi-lingual staff, and affiliations with companies across the globe. The client base has ranged from Fortune 500 to local businesses in South Florida where the company is based.
The Founder is a legend in the P.R. industry and will consider remaining with the company. Senior Management runs the day to day operations and will remain with the company. A rolodex of personal media contacts enables this agency to place products and stories across multiple media creating a synergistic effect.
Please email me to receive an N.D.A. edwardsklar@southfloridaforme.com
Edward Sklar, Business Broker & REALTOR
South Florida for Me/United Realty Group

Friday, August 4, 2017





The award winning company has a 30+ year history and has represented a range of companies from Fortune 500 to small firms. In addition to traditional Public Relations, the company is nationally recognized leader in Crisis Management. Additionally, the company has built Digital Media, Video Production, and a Talent Agency into their offerings.
The company is a profitable Public Relations firm located in South Florida founded by a legendary figure in the industry. The company has a multi-lingual staff, and has affiliated offices across the world.The staff will remain with the company.
Would you have an interest in learning more about this opportunity? If so, I will send you an NDA, and upon receipt I will send an offering memorandum
Please send inquiries to: edwardsklar@southfloridaforme.com
Edward Sklar
Business Broker & REALTOR
United Realty Group/South Florida for Me
Search All Businesses for Sale in Florida