Source: MSCA Connection Featuring Richard Jahnke, Sunbelt Business Broker Small businesses drive the American economy. Of the estimated 27 million business in the United States, 99% fall under the U.S. Small Business Administration’s definition of small businesses (businesses with fewer than 500 employees). Most small businesses will experience a change of ownership through either a...
John Groppoli, Franchise Specialist and Chris Jones President of Sunbelt Business Advisors hosted our quarterly Be Your Own Boss Seminar. Topics covered included: COVID-19 Impacts to the market (2:30)Purchasing an existing business (6:30)Purchasing a franchise license (43:00)Spotlight franchise opportunities (1:05:30) In case you missed it: https://www.youtube.com/watch?v=K-aK9HeL9pU Download Presentation
Tony Hallada of CLA Wealth Advisors was our guest speaker on the topic of Opportunity Zones and the benefits of qualified opportunity funds (QOF) to potentially leverage three tax benefits: initial gain deferral, basis step-ups, and tax-free appreciation. In case you missed it: https://www.youtube.com/watch?v=gre9IXp0Lgg Download Presentation
Once you have narrowed down your top choices for a purchase, you will want to learn more. At this point you understand the business at a high level, and you are serious enough about purchasing that you are ready to see the business and meet the owner. This is an important step before you submit...
Confidentiality This is crucial to securing a successful transaction. Please make sure that you refrain from having any contact with employees, vendors or clients. Doing so could significantly impact the Seller’s business and the viability of your transaction. In addition, you may be liable for damages to the business.Show your financials. You will not be...
CIBC’s Deputy Chief Economist Robert Tal presents on what 2021 will look like amidst the COVID-19 pandemic and the economic impacts it has had. https://youtu.be/mEpKJZTOxHU Sunbelt’s Key Takeaways * The COVID-19 effect upon the economy is not over but with the vaccine being rolled out, the economy should see a massive recovery in the second...
Most business owners do a terrible job when it comes to selling or otherwise transitioning from their businesses. Consequently, they are leaving tremendous amounts of money on the table. Consider the following statistics from a recent Exit Planning Institute (EPI) survey. 80% to 90% of most business owners’ financial assets are bound up in the...
Article Written By Pete Carlson with Rock Solid Financials Fall is in the air; college football, kids going back to school.....wait, none of those things are happening. The weather will still change though unless COVID can change that as well. Fall is a great time to evaluate your tax/bookkeeping relationship. Here are 5 reasons why...
Article Written by Ryan Cave with Sunbelt Business Broker of South Florida Business brokers help clients find a current market for the business, or help them find ways to enhance their position. Business brokers bring clients pre-approved and pre-qualified buyers. Business brokers also sometimes fall short, though, allowing their clients — and potential buyers for...
