Jon Hunt

Wednesday, September 29, 2010

Just listed Florida Businesses for sale

BFS-206079: All Kinds of Signs

Location: Jacksonville

Sales: 94,300

Details: Five year-old business specializing in Logo Design, automotive wraps, vinyl signage, digital printing, Magnetic, Embroidery, Box Signs and Printing on Canvas. Great location on busy Atlantic Blvd.

BFS-206091: Day Care With Property

Location: Jacksonville

Sales: Asset Sale

Details: Fully equipped Day Care facility just looking for a new owner! 32 years in business until a death in the family caused the owner to close the doors.

BFS-206101: Liquor Store

Location: Green Cove Springs

Sales: 369,118

Details: Liquor Package store on main highway in Green Cove Springs. Stand-alone building includes plenty of parking and a drive-through service. Small store can easily be run by one person.

BFS-206104: Italian Restaurant

Location: Orlando

Sales: Asset Sale

Details: Huge, Beautiful, Standalone 2 story restaurant on major road to and from Disney. 20,000 sq ft!. w/great signage and huge computer message board. Lots of parking.

BFS-206107: Restaurant

Location: Kissimmee

Sales: 2,249,864

Details: Huge, Beautiful, Standalone 2 story Italian Restaurant. On major road to and from Disney. 20,000 sq ft!

BFS-206114: Breakfast and Lunch Cafe

Industry: Sub & Sandwich Shop

Location: Mandarin

Sales: 210,000

Details: Breakfast/Lunch in Mandarin for nine years! Solid business with opportunity to grow by adding delivery. Low overhead. Great hours, closed Sunday. Fully equipped including grill.

BFS-206115: Coin Laundry

Location: Sanford

Sales: 118,314

Details: Excellent and well-established Coin Laundry with Good Records! Good Equipment, plenty of parking, does offer wash and fold, a dry cleaning drop & alterations.

BFS-206116: Successful Vacation Villa Property Management Co.

Location:Resort area of Disney

Sales: 225,889

Details: Great opportunity to own a successful Vacation Villa Property Management Company. E Visa doable business with Tax Returns & Quickbooks recordkeeping along with State of the Art Booking Software.

Thursday, September 23, 2010

Two New Florida Businesses Listed for Sale

BFS-205275: Gator Tint Auto Center

Location: South Florida

Sales: 72,731

Details: This company specializes in window tinting and stereo systems for cars and trucks.

BFS-205283: Management Construction Services

Location: South East Florida

Sales: 2,742,727

Details: HMS is a REO Preservation and Construction Management Company serving South Florida. When banks take back properties through the foreclosure process, they hire our company to actually do all the work.

Jon Hunt
Senior Associate
Florida Business Exchange
WWW.jonhunt.biz
(904) 823-7225

Licensed Florida Real Estate Associate
Holder of Series 6 and 65 investment licenses

Wednesday, September 22, 2010

New Businesses Liste for Sale in Florida

BFS-205074: Garage Doors Sales & ServiceLocation: Florida

Sales: Between $2.5 Million And $5 Million

Details: Attentive dealer of national brands of garage doors. Prides itself on excellent customer service and inventory management. Extensive marketer. Owner retiring.

BFS-205083: Pack & Ship Biz

Location: Flagler County

Sales: 175,000

Details: Priced to sell quickly...This is a well established and profitable pack & ship with very little competition in the area and very little advertising currently being done.

BFS-205085: Hi Volume Sub Shop

Location: Palm Beach County

Sales: 385,000

Details: Hi Volume 5 yr old sub shop located in Jupiter/Tequesta area. One of the largest purchaser of Boar's Head products in S. Fl. Low rent $3k/mth +1200 sq facility. One of the busiest sub shop in Palm Beach.

BFS-205089: Seafood Restaurant

Location: Tampa

Sales: 345,711

Details: Customers are lining up at the entrance to this highly rated seafood restaurant. The owners want to duplicate this business in a waterfront location and then begin offering franchise opportunities.

BFS-205090: Regional Cuisine of Italy

Location: West Broward

Sales: 260,000

Details: The cuisine of Campania is reflective of the many regional cuisine of Italy. Is growing as more people is knowing the place. In just one year is doubling sales every month.

BFS-205099: High Profit Low Overhead

Location: Florida

Sales: 1,639,898

Details: High profit low overhead. Cell phone wholesaler. Easy to learn business, little working capital needed. Seller buys new and used phones and resells to corporations.

BFS-205101: Established Salon, Great Location

Location: Florida

Sales: 74,362

Details: Established Salon, Great Location, Low Rent, Money Maker, Seller financing. What more could you want. Owners want to retire, one owner will stay on to make a smooth transition. 8 chairs, 6 rented and...

BFS-205102: Ideal for Any Food Concept

Location: Florida

Sales: 144,000

Details: Ideal for any food concept. Serving Lunch and Dinner. Ample parking. Great atmosphere. 94 Seats. End Cap of the center. A must see. Owner is retiring

BFS-205103: Dental Practice

Location: Florida

Sales: Not Disclosed

Details: Reason for Sale: Retirement-Asset Sale. For $49,000 a dental group can convert this 3800 Sq ft office into their dream practice. Conveniently located near the Boca Raton Regional Medical Center.

BFS-205104: Pizza and Subs Cafe in Hollywood

Location: Florida

Sales: 117,060

Details: Reason for Sale: Family Issues- Local neighborhood sub shop/pizzeria. 900 sq ft facility serving all different types of pizza, subs, salads, deli sandwiches, strombolis, calzone.

Ten Commandments for Buyers


I. Thou Shall Not Be Greedy!

Sellers deserve a fair price for the years they have spent developing the business. Be prepared to pay for the goodwill of the business.

II. Thou Shall Have A Good Reason For Buying!

Buying a business is hard work! It takes commitment! Spend time deciding why you want the responsibility of owning a business.

III. Thou Shall Provide Background Information!

Be prepared with a resume and financial statement. Remember, the seller will most likely be your banker and will want to know that you can run the business successfully.

IV. Thou Shall Keep An Open Mind!

There are no perfect businesses.

V. Thou Shall Keep In Mind Tax Benefits!

Remember tax benefits are realized from intangible as well as tangible assets.

VI. Thou Shall Offer A Reasonable Down Payment!

A low down payment indicates a lack of commitment. When sellers question commitment, serious negotiations are in jeopardy.

VII. Thou Shall Realize Businesses Are Priced on Profits!

A business making huge profits with few assets could save you money later in capital outlay for expansion.

VIII. Thou Shall Remember Time Is Of The Essence!

After all parties have agreed upon price and terms it is important to quickly proceed toward closing.

IX. Thou Shall Be Prepared To Meet The Landlord!

Landlords usually have little to gain by cooperation. Therefore, come to meetings armed with resume and financial statement.

X. Thou Shall Avoid Surprises!

Disclose pertinent information early and avoid surprises that might destroy your credibility.

Monday, September 20, 2010

New or Changed listings for St. Johns County

BBF-74702817: Beer and Wine Bar priced at $99,000.

2 Blocks from Flagler College in the Heart of Historic St Augustine Music, fun, drinks and food! This cozy wine & beer cafe has the feel of comfortable living room where the best local musicians come to play. Has a full kitchen and would make a great Pizza Bar, a pleasant place to relax, to have a few sips, and listen to great music. Easy-to-operate. Perfect for the first-time owner of a bar. Proforma only available.

BBF-74703032: Tavern priced at $95,000.

Cold beer, warm atmosphere! Traditional English Fish 'n' Chips! Serving lunch and dinner. Great homemade shepherd's pie, fried green tomatoes, reubens and fresh corned beef. Fine European beers include Newcastle Brown, Guinness, Duke's Bold City Brewing and more. This is one on the finest locations in all of St Augustine! Owner benefit is based on an owner operator.

BBF-74702965: Rental Business Priced at $198,000

The best way to experience your vacation or visit The Old City is on your own Scooter Rental or on an Electric Car Rental! Bicycles, Scooters and Electric Cars are all the rage for transportation and fun. Don't miss this one!

BBF-74702832: Breakfast Lunch Cafe

This beachside Breakfast & Lunch restaurant with an attractive & comfortable atmosphere draws a steady local crowd and the tourists as well. Being close to highend new housing and condos, Hotels and the beaches makes this an idea location. This one will qualify for an E-2 Visa. If you are looking for a breakfast & lunch restaurant be sure to put this one on your list to visit.

BBF-74703033: Bridal Shop Assets priced at $300,000.

Premium Bridal business, Large inventory of wedding gowns and accessories. 8-years old, with fabulous location and reputation. The standard among bridal stores in the area, offering complete bridal support and resources to make a wedding THE WEDDING. We provide a treasure of gowns, jewelry to make every brides day a moment in time. Brand name products and the best bridal counselors in area. Owners are retiring.

New Auto Body Shops Listed for Sale

BFS-186215: Transmission and Complete Auto Repair Firm

Location: West Palm Beach

Asking Price: Between $100 Thousand and $500 Thousand ($70,000)

Summary: Chance to own a highly profitable and established auto repair and transmission shop in great location immediately next to high-density commercial and residential areas.

BFS-187743: Auto Shop: Mechanical/Body/Paint, With Building

Location: Riviera Beach

Asking Price: 299,000

Summary: Multi-purpose auto shop with building for sale in the heart of West Palm Beach! Owner currently does mechanical, paint, body work, and some car resales in facility.

BFS-189173: Full Service Paint and Body Auto Shop

Location: Palm Beach County

Asking Price: 139,000

Summary: Established for fifteen years and in its current location for over four years, this profitable full service paint and body auto shops is one of its only kind in Palm Beach County

BFS-195755: State Of The Art Auto Body Shop

Location: St. Lucie County

Asking Price: 1,200,000

Summary: Absolute state of the art auto body shop with real estate established 21 years. Building rebuilt brand new in 2005. CBS block, 2 story with apartment & shower. Nicest amenities you'll ever see.

BFS-203207: Auto Body Repair Shop

Location: Highlands County

Asking Price: 1,150,000

Summary: Auto body repair center open 9 years. Strong YOY revenue and profit growth. Equipment in place for all types of collision repair.

Friday, September 17, 2010

Preparation is the Key

Rarely does a business owner make a snap decision to sell the business. Health, family or financial pressures could force a decision, but most often the gears have been turning in that direction for some time. My advice to business owners is to take those first hints of selling as a great time to assess the value of the business. I provide my clients, and potential clients, with an opinion of value at no cost. I understate this assignment seriously and it's backed up by facts, primarily what have been the actual sales prices of similar businesses with similar sales and owner benefits? The reason this should be undertaken early is so that the business owner can make adjustments if the value isn't as high as expected. We offer a great program to help business owners improve the value of their businesses.
Have a great weekend.

Thursday, September 16, 2010

New Businesses listed For Sale Today:

BFS-204609: Unique 50's Style Freestanding Diner

Location: Gainesville

Sales: $875,000

Details: This is a very unique opportunity to own an "Old Fashioned 50's Style Diner" built in 2001. After the diner opened in 2001 it soon became a "name" in the area and a destination for people for miles.

BFS-204623: Printing Business

Location: Jacksonville

Sales: Between $100 Thousand And $500 Thousand ($372,348)

Details: Printing Business for Sale in Jacksonville Florida: This is a full service printer with a profitable 20+ year history & is located on a busy roadway with a great lease.

BFS-204630: Jacksonville Beach Coffee Shop

Location: Jacksonville

Sales: Between $100 Thousand And $500 Thousand ($108,842)

Details: Coffee Shop Business For Sale – Located in busy Jacksonville Beach, this independent coffee shop offers high quality coffee, tea and smoothies.

BFS-204632: Sports Medicine and Rehab Center

Location: Palm Beach County

Sales: Between $100 Thousand And $500 Thousand ($292,000)

Details: This is a 12 yrs established premiere sports medicine and physical therapy rehabilitation center located on a main thoroughfare with excellent signage and visibility in a very affluent and upscale community.

BFS-204640: Hi Volume Sub Shop

Location: Tequesta/Jupiter

Sales: Between $100 Thousand And $500 Thousand ($385,000)

Details: Hi Volume 5 yr old sub shop located in Jupiter/Tequesta area. One of the largest purchaser of Boar's Head products in S. Fl. Low rent $3k/mth +1200 sq facility.

Tuesday, September 14, 2010

New Business Opportunities for Sept. 14

BFS-204277: Landscaping and Lawn Maintenance Service

Location: Florida (Broward County)

Sales: Between $100 Thousand And $500 Thousand ($155,000)

Details: Established 10 yr Old Lanscaping & Lawn Maintenance Business. Has 30 Commercial Accounts & 85 Residential Accounts servicing Ft. Lauderdale, Weston & Sunrise.

BFS-204278: Beautiful and Well Stocked C-Store

Location: Florida (Broward County)

Sales: Between $100 Thousand And $500 Thousand ($480,000)

Details: Beautiful, clean and well stocked C-Store. Exclusivity in Strip Plaza, only C-store in area. Great setup for check cashing (bullet proof cabin), hot foods, deli for weekends.

BFS-204315: Medical Supply Distributor

Location: Florida (south Florida)

Sales: Between $2.5 Million And $5 Million ($3,000,000)

Details: Exclusive products, imports and distributes nationwide, seller planning retirement.

Monday, September 13, 2010

Fort Lauderdale Car Restoration

#BFS-204415 Auto Body Shop

Location: Fort Lauderdale

Price: Between $1 Million and $2.5 Million

Status: For Sale

This High End, specialty car restoration company is nationally recognized in its field. They generate new business through word-of-mouth & by attending prestigious “Classic Car” events around the country. Publicity that has been generated by the work done on such restorations as the 1953 Stanguellini Bialbero, this shop has been awarded the Sport Speciale Award & others plus award winning & magazine-featured cars – they have international fame! They are anticipating a growth of 27% this year.

New Listings From Business Brokers of Florida post last week.

Listing No. BBF-11001643
Location Palm Beach, Florida USA
Take Out Only
Price 149,000
Down 149,000
Adj Net 115,052
Sales 530,000

Listing No. BBF-13401928
Location Broward, Florida USA
Breakfast Lunch
Price 120,000
Down 100,000
Adj Net 57,030
Sales 208,576

Listing No. BBF-16407403
Location Miami-Dade, Florida USA
Tanning Salon
Price 80,000
Down 80,000
Adj Net 101,003
Sales 210,943

Listing No. BBF-16410468
Location Pasco, Florida USA
Hair Salon
Price 42,000
Down 42,000
Adj Net 60,000
Sales 136,000

Listing No. BBF-16410901
Location Broward, Florida USA
Cafe Type Eatery
Price 500,000
Down 500,000
Adj Net 300,000
Sales 1,200,000

Listing No. BBF-16411005
Location Broward, Florida USA
Liquor Bar/Lounge
Price 225,000
Down 159,000
Adj Net 75,120
Sales 201,750

Listing No. BBF-16411341
Palm Beach, Florida USA
Sub Shop
Price 169,000
Down 169,000
Adj Net 101,720
Sales 385,000

Listing No. BBF-17001620
Indian River, Florida USA
Pizza Shop
Price 55,000
Down 35,000
Adj Net 50,690
Sales 135,000

Listing No. BBF-17003432
Saint Lucie, Florida USA
Contractor A/C & Heating
Price 135,000
Down 100,000
Adj Net 81,124
Sales 237,259

Listing No. BBF-17003441
Saint Lucie, Florida USA
Pizza Shop
Price 70,000
Down 20,000
Adj Net 52,000
Sales 260,000

Listing No. BBF-17018032
Brevard, Florida USA
Fast Food Franchise
Price 280,000
Down 280,000
Adj Net 132,295
Sales 3,170,587

Listing No. BBF-17018193
Brevard, Florida USA
Fast Food Franchise
Price 520,000
Down 520,000
Adj Net 101,281
Sales 777,245

Listing No. BBF-24900768
Miami-Dade, Florida USA
Italian Restaurant
Price 700,000
Down 450,000
Adj Net 316,165
Sales 968,032

Listing No. BBF-24900857
Miami-Dade, Florida USA
Contractor A/C & Heating
Price 920,000
Down 650,000
Adj Net 191,314
Sales 773,959

Listing No. BBF-24900870
Miami-Dade, Florida USA
Contractor A/C & Heating
Price 370,000
Down 260,000
Adj Net 191,314
Sales 773,959

Listing No. BBF-28830010
Palm Beach, Florida USA
Liquor Bar/Lounge
Price 149,500
Down 115,000
Adj Net 120,354
Sales 141,115

Listing No. BBF-29001377
Broward, Florida USA
Medical Clinic
Price 2,000,000
Down 2,000,000
Adj Net 522,669
Sales 886,151

Listing No. BBF-29001381
Broward, Florida USA
Medical Clinic
Price 240,000
Down 240,000
Adj Net 84,176
Sales 325,376

Listing No. BBF-35011259
Broward, Florida USA
Hair Salon
Price 65,000
Down 65,000
Adj Net 78,195
Sales 312,052

Listing No. BBF-35011274
Miami-Dade, Florida USA
Pool Repairs
Price 199,000
Down 199,000
Adj Net 109,711
Sales 245,600

Listing No. BBF-35011275
Miami-Dade, Florida USA
Pool Service
Price 199,000
Down 199,000
Adj Net 109,711
Sales 245,600

Listing No. BBF-35209551
Palm Beach, Florida USA
Medical MD Practice
Price 100,000
Down 50,000
Adj Net 92,980
Sales 160,249

Listing No. BBF-40901858
Orange, Florida USA
Sports Bar
Price 750,000
Down 250,000
Adj Net 309,375
Sales 1,555,027

Listing No. BBF-40901869
Lake, Florida USA
Bar/Restaurant
Price 125,000
Down 125,000
Adj Net 97,864
Sales 422,761

Listing No. BBF-41506918
Brevard, Florida USA
Mfg-Marble Products
Price 149,000
Down 149,000
Adj Net 115,933
Sales 731,547

Listing No. BBF-41509324
Brevard, Florida USA
Contractor Counters
Price 149,000
Down 149,000
Adj Net 115,933
Sales 731,547

Listing No. BBF-41809022
Volusia, Florida USA
Fast Food Franchise
Price 139,900
Down 139,900
Adj Net 80,277
Sales 567,606

Listing No. BBF-43902000
Orange, Florida USA
Hair Salon
Price 131,000
Down 131,000
Adj Net 65,744
Sales 142,832

Listing No. BBF-43902146
Orange, Florida USA
Sub Shop
Price 167,500
Down 167,500
Adj Net 58,397
Sales 228,827

Listing No. BBF-44500840
Brevard, Florida USA
Specialty Restaurant
Price 143,000
Down 143,000
Adj Net 84,722
Sales 182,310

Listing No. BBF-44500855
Orange, Florida USA
Medical Equipment
Price 315,000
Down 315,000
Adj Net 94,780
Sales 324,774

Listing No. BBF-46710173
Osceola, Florida USA
Lawn Biz Residential
Price 145,000
Down 145,000
Adj Net 63,127
Sales 165,171

Listing No. BBF-47809090
Orange, Florida USA
Medical Supplies
Price 300,000
Down 200,000
Adj Net 95,968
Sales 288,328

Listing No. BBF-50101012
Orange, Florida USA
Pool Service
Price 385,000
Down 385,000
Adj Net 188,200
Sales 350,000

Listing No. BBF-74702927
Orange, Florida USA
Medical Clinic
Price 1,645,000
Down 1,645,000
Adj Net 710,059
Sales 1,100,000

Listing No. BBF-74702953
Duval, Florida USA
Breakfast Lunch
Price 299,000
Down 149,500
Adj Net 119,766
Sales 389,049

Listing No. BBF-87100190
Pinellas, Florida USA
Specialty Restaurant
Price 1,500,000
Down 500,000
Adj Net 408,634
Sales 2,735,514

Listing No. BBF-88600197
Hillsborough, Florida USA
Fire Sprinklers
Price 325,000
Down 325,000
Adj Net 220,603
Sales 986,232

Listing No. BBF-88600915
Manatee, Florida USA
Mfg-Promo Products
Price 1,410,000
Down 1,410,000
Adj Net 210,752
Sales 752,892

Listing No. BBF-89006322
Hillsborough, Florida USA
Donut Shop
Price 200,000
Down 200,000
Adj Net 106,729
Sales 587,575

Listing No. BBF-890700926
Hillsborough, Florida USA
Gourmet Dining
Price 229,000
Down 149,000
Adj Net 94,840
Sales 304,000

Listing No. BBF-892932708
Pinellas, Florida USA
Deli Restaurant
Price 44,900
Down 44,900
Adj Net 50,832
Sales 109,200

Listing No. BBF-90406014
Collier, Florida USA
Pool Service
Price 150,000
Down 150,000
Adj Net 90,000
Sales 198,252

Listing No. BBF-90406069
Collier, Florida USA
Lawn Biz Commercial
Price 625,000
Down 167,000
Adj Net 234,133
Sales 992,982

Listing No. BBF-92401148
Charlotte, Florida USA
Game Room
Price 188,900
Down 138,900
Adj Net 149,389
Sales 649,020

Friday, September 10, 2010

Is it the right time to sell?

There comes a time in every business owner’s life when it’s time to transfer the business to a new owner. The owner could be ready for retirement or just ready for a new challenge.

When that realization hits, the “thought balloon” that most likely forms above the owner’s head reads: “How much can I get for my business?”

The easy answer is that a business is worth what a willing buyer will pay and what a willing seller will take. It’s rarely that simple, but it doesn’t have to be overly complex either.

Many factors play into the value of a business, but it usually comes down to three: The nature of the business, its revenue and the financial benefits the owner receives.

Buyers are more sophisticated than ever and information on valuation is widely available to professionals.

There are two ways to get a good estimate of a business’s value. The first is an independent third-party evaluation. There is a cost for this service and it involves the collection of a lot of data about the company, including its assets and revenue streams.

That data is fed through a computer program and a very detailed report is generated. This type of valuation is needed when the business is unusual so little data on comparable business sales is available. And, it’s useful because it will a support a loan application or reinforce the value of the company to the potential buyer.

There are two downsides to the independent valuation. First is the expense -- probably in the range of $1,800 -- and the second is it’s perishable. It’s a snapshot in time. As the revenue, cash flow, assets and other factors change, so will the value of the business.

A far more common valuation method is a broker’s opinion letter. The business broker uses a database of business sales, similar to those used by a broker who specializes in residential real estate sales. But instead of looking at a neighborhood and calculating square feet, then adding or subtracting for a pool other amenities, or the lack of them, a business broker looks at sales of comparable businesses with similar sales and owner benefits.

Unlike in residential sales, location is not an issue in business valuations. If a sub shop in a high-income area with lots of traffic, and one in a lower income area with little traffic, are both producing the same revenue and owner benefits, their values are identical.

Here’s a brief example of how I arrive at an opinion based on comparable sales:

Imagine that the owner of a sub shop with $250,000 in sales and owner benefits of $60,000 wants to know the likely value in today’s market.

I’d first search the database for sub shops, with revenues between $200,000 and $275,000. That search returned 30 sales. Since there were many comparables, I narrowed the search to those with very similar sales and owner benefits.

The average sub shop in this category sold for 33.7 percent of its revenue, and 1.58 times the owner benefits, which were $56,222.

(Owner benefits are more than profits and include such items as health insurance premiums, car payments and cell phones. Therefore, it requires a separate calculation. )

This search also revealed that the average sub shop in this category paid rent equal to 10 percent of the revenue and was on the market for 161 days. Of the 30 sales, 17 sold for the asking price, which is probably a good indication that the owners had professional help in determining the value.

In the end, the business is still worth what a willing seller will take and what a willing buyer will pay. But pricing the business right -- just as in residential real estate -- is key to generating interest. Buyers shy away from even looking at businesses that are overpriced.

Jon Hunt is a business broker and holds series 60 and 65 investment licenses and has completed all course work required for Certified Financial Planners.

jonhhunt@bellsouth.net