Wednesday, October 31, 2012

This Week's BBF New/Revised Florida Restaurants For Sale (Oct. 31)


Eric J. Gall
239-738-6227
info@buysellflbiz.com

Restaurants
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-35018323 Miami-Dade, Florida USA American Restaurant 105,000 105,000 0 0
BBF-90721016 Lee, Florida USA American Restaurant 300,000 300,000 150,000 950,000
BBF-95102064 Lee, Florida USA American Restaurant 355,000 195,000 192,428 638,000
BBF-894017145 Levy, Florida USA American Restaurant 499,000 499,000 78,668 1,050,949
BBF-43918327 Orange, Florida USA American Restaurant 649,000 324,500 284,155 1,706,728
BBF-115816826 Miami-Dade, Florida USA American Restaurant 690,000 690,000 101,000 650,000
BBF-43918326 Osceola, Florida USA American Restaurant 990,000 495,000 308,326 2,587,706
BBF-75611160 Saint Johns, Florida USA American Restaurant 1,595,000 800,000 320,220 1,400,000
BBF-90406218 Lee, Florida USA American Restaurant 1,650,000 660,000 309,120 894,532
BBF-44500907 Brevard, Florida USA Bagel Restaurant 39,900 20,000 30,000 120,000
BBF-16417076 Palm Beach, Florida USA Bagel Restaurant 125,000 125,000 82,355 776,407
BBF-44500906 Brevard, Florida USA Bagel Restaurant 149,900 75,000 73,000 240,000
BBF-35018355 Broward, Florida USA Banquet Hall/Caterer 325,000 250,000 0 0
BBF-35312383 Palm Beach, Florida USA Banquet Hall/Caterer 400,000 200,000 201,731 701,982
BBF-35015138 Miami-Dade, Florida USA Banquet Hall/Caterer 625,000 575,000 230,597 750,509
BBF-95100312 Lee, Florida USA Barbecue Restaurant 45,000 45,000 46,233 225,000
BBF-29001415 Broward, Florida USA Barbecue Restaurant 275,000 275,000 117,277 706,864
BBF-72002150 Saint Johns, Florida USA Breakfast Lunch 80,000 50,000 67,830 146,976
BBF-16417426 Palm Beach, Florida USA Buffett 59,000 40,000 0 0
BBF-41507305 Brevard, Florida USA Cafe Type Eatery 69,000 69,000 20,126 171,438
BBF-35018070 Miami-Dade, Florida USA Cafe Type Eatery 75,000 75,000 0 0
BBF-47812039 Lake, Florida USA Cafe Type Eatery 175,000 175,000 62,000 275,000
BBF-41507318 Brevard, Florida USA Cafe Type Eatery 199,000 199,000 0 0
BBF-35012734 Miami-Dade, Florida USA Cafeteria 75,000 75,000 0 0
BBF-47812038 Seminole, Florida USA Catering 80,000 80,000 56,000 310,000
BBF-35018291 Broward, Florida USA Catering 250,000 225,000 0 0
BBF-411000904 Orange, Florida USA Deli Restaurant 95,000 95,000 41,228 120,000
BBF-24900128 Miami-Dade, Florida USA Deli Restaurant 149,000 149,000 65,135 240,000
BBF-40001678 Orange, Florida USA Diner 99,000 99,000 44,736 232,100
BBF-90406348 Withheld, Florida USA Diner 99,000 99,000 79,292 217,292
BBF-41870059 Orange, Florida USA Diner 149,000 75,000 77,471 381,627
BBF-35017990 Miami-Dade, Florida USA Ethnic Restaurant 80,000 80,000 0 0
BBF-43916044 Orange, Florida USA Ethnic Restaurant 80,000 50,000 40,000 120,000
BBF-894012519 Pinellas, Florida USA Ethnic Restaurant 115,000 50,000 45,972 156,000
BBF-35016781 Broward, Florida USA Ethnic Restaurant 120,000 60,000 50,000 200,000
BBF-81081056 Pinellas, Florida USA Ethnic Restaurant 150,000 100,000 72,659 289,943
BBF-90731712 Lee, Florida USA Ethnic Restaurant 150,000 0 97,000 550,000
BBF-16412583 Palm Beach, Florida USA Ethnic Restaurant 175,000 175,000 88,604 1,057,714
BBF-16418361 Orange, Florida USA Ethnic Restaurant 275,000 125,000 0 0
BBF-890712026 Pinellas, Florida USA Family Style 59,000 20,000 60,172 193,656
BBF-95101037 Collier, Florida USA Family Style 125,000 75,000 132,474 295,000
BBF-41350104 Flagler, Florida USA Family Style 320,000 220,000 109,745 633,236
BBF-890712017 Hillsborough, Florida USA Fast Casual 30,000 20,000 3,750 85,152
BBF-35015888 Miami-Dade, Florida USA Fast Casual 275,000 225,000 0 0
BBF-39134567 Broward, Florida USA Fast Food Franchise 79,900 79,900 60,430 305,001
BBF-29000042 Broward, Florida USA Fast Food Franchise 210,000 150,000 108,062 290,348
BBF-91702144 Lee, Florida USA Fast Food Franchise 269,000 269,000 129,999 293,250
BBF-18604286 Palm Beach, Florida USA Fast Food Franchise 295,000 295,000 104,071 326,880
BBF-41870058 Orange, Florida USA Fast Food Franchise 395,000 395,000 99,131 580,123
BBF-35017650 Miami-Dade, Florida USA Fast Food Franchise 1,000,000 800,000 0 0
BBF-87800044 Hillsborough, Florida USA Fast Food Mall 69,900 69,900 81,328 163,000
BBF-29000015 Broward, Florida USA Fast Food Mall 210,000 150,000 108,062 290,348
BBF-35018292 Broward, Florida USA Fast Food-No Franchise 95,000 95,000 0 0
BBF-91702143 Lee, Florida USA Gourmet Dining 79,900 79,900 0 0
BBF-90406162 Lee, Florida USA Gourmet Dining 195,000 55,000 198,170 693,375
BBF-24900129 Miami-Dade, Florida USA Gourmet Dining 250,000 250,000 67,000 320,000
BBF-87200167 Polk, Florida USA Italian Restaurant 59,000 59,000 31,238 202,310
BBF-16412625 Palm Beach, Florida USA Italian Restaurant 200,000 100,000 131,422 571,042
BBF-24902004 Miami-Dade, Florida USA Italian Restaurant 220,000 220,000 98,600 480,000
BBF-41107044 Orange, Florida USA Italian Restaurant 250,000 125,000 26,700 438,123
BBF-74717950 Duval, Florida USA Italian Restaurant 325,000 225,000 82,539 647,765
BBF-28803039 Palm Beach, Florida USA Latin Restaurant 325,000 325,000 299,600 720,000
BBF-55302012 Seminole, Florida USA Mexican Restaurant 80,000 50,000 85,000 540,000
BBF-43916815 Orange, Florida USA Mexican Restaurant 110,000 110,000 85,728 324,795
BBF-74718038 Duval, Florida USA Office Bldg Restaurant 47,000 47,000 26,616 70,093
BBF-88300164 Polk, Florida USA Office Bldg Restaurant 59,000 40,000 43,000 150,000
BBF-16411674 Broward, Florida USA Office Bldg Restaurant 94,000 70,000 76,898 200,000
BBF-24909002 Miami-Dade, Florida USA Office Bldg Restaurant 285,000 285,000 67,031 193,460
BBF-88300173 Pasco, Florida USA Pizza Shop 49,900 30,000 53,000 185,000
BBF-890808107 Polk, Florida USA Pizza Shop 57,000 57,000 0 0
BBF-40001667 Lake, Florida USA Pizza Shop 60,000 60,000 50,895 282,561
BBF-35018065 Miami-Dade, Florida USA Pizza Shop 75,000 50,000 0 0
BBF-41507317 Brevard, Florida USA Pizza Shop 79,000 79,000 27,220 202,800
BBF-24900112 Miami-Dade, Florida USA Pizza Shop 98,000 98,000 57,000 216,000
BBF-90406277 Lee, Florida USA Pizza Shop 120,000 60,000 38,194 296,159
BBF-47811041 Duval, Florida USA Pizza Shop 150,000 85,000 157,000 360,000
BBF-95101032 Lee, Florida USA Pizza Shop 200,000 100,000 132,254 186,532
BBF-114510002 Broward, Florida USA Pizza Shop 249,000 249,000 334,000 662,000
BBF-87100305 Pinellas, Florida USA Pizza Shop 599,000 300,000 83,566 540,000
BBF-87100808 Pinellas, Florida USA Pizza Shop 599,000 300,000 83,566 540,000
BBF-892300532 Pinellas, Florida USA Pizza Shop 1,125,000 1,125,000 304,531 2,335,537
BBF-29001215 Broward, Florida USA Restaurant Bakery 210,000 150,000 108,062 290,348
BBF-29000452 Broward, Florida USA Restaurant/Mall 210,000 150,000 108,062 290,348
BBF-35316758 Saint Lucie, Florida USA Specialty Restaurant 50,000 50,000 33,940 75,000
BBF-890807575 Polk, Florida USA Specialty Restaurant 110,000 110,000 204,613 552,609
BBF-84700015 Pinellas, Florida USA Specialty Restaurant 150,000 150,000 72,974 268,774
BBF-28803047 Palm Beach, Florida USA Take Out Only 55,000 25,000 0 0
BBF-17008167 Saint Lucie, Florida USA Take Out Only 134,000 53,600 60,274 494,820

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.

Tuesday, October 30, 2012

Biz Brain: Buy-Sell Agreement Protects Both Partners | NJ.com

Biz Brain: Buy-Sell Agreement protects both partners | NJ.com:

"My business partner and I have owned an S Corp. small business – 50-50 – since 2011. Last year, I suggested a life insurance policies for both of us, and we now have $500,000 of coverage each. In the case of death of either partner, would the survivor pay the deceased’s spouse half of what the company is worth, about $98,000? Or is it fair that the survivor would pay the deceased’s spouse $250,000 – half the insurance policy – which would provide security. That’s what my wife and I think is fair. My business partner and I a very good working relationship. Is there a proper way or template to write this as an amendment?"

Click on the Article Title above for the answer.

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.

Monday, October 29, 2012

This Week's New BBF Businesses For Sale in SWFL (Oct 29)


Eric J. Gall
239-738-6227
info@buysellflbiz.com

Advertising
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-90406274 Lee, Florida USA Advertising Agency 39,000 29,000 44,380 103,329
Agricultural
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102053 Lee, Florida USA Nursery/Plants 1,900,000 1,900,000 175,000 800,000
Animals/Pets
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95312048 Lee, Florida USA Pet Containment 65,000 55,000 17,411 57,566
Antiques
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102062 Collier, Florida USA Antiques Dealer 890,000 890,000 102,634 407,484
Automotive
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-94810002 Lee, Florida USA Auto General Repair 2,095,000 2,095,000 265,111 1,698,763
BBF-95106003 Lee, Florida USA Auto Restoration 75,000 75,000 47,033 157,395
BBF-95106005 Charlotte, Florida USA RV Sales/Service 299,000 299,000 105,554 446,295
BBF-93700791 Lee, Florida USA Truck Repairs 1,680,000 1,680,000 0 0
Aviation
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102040 Lee, Florida USA Aircraft Maintenance 900,000 900,000 65,124 636,369
BBF-95106001 Charlotte, Florida USA Aviation FBO 2,500,000 2,500,000 305,809 1,190,943
Beauty/Personal Care
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102061 Lee, Florida USA Hair Salon 69,000 69,000 0 0
BBF-95102057 Charlotte, Florida USA Hair Salon 169,000 95,000 37,172 71,505
Cleaning
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-93700837 Lee, Florida USA Maid Service 140,000 140,000 46,739 158,196
Clothing
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102059 Lee, Florida USA Embroidery Service 225,000 225,000 36,457 260,771
Construction
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95101009 Charlotte, Florida USA Cabinet Resurfacing 150,000 45,000 54,181 230,965
BBF-95101022 Lee, Florida USA Contractor Drywall 75,000 75,000 54,252 156,460
Distribution
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-93701791 Lee, Florida USA Dist-Consumer Products 1,680,000 1,680,000 0 0
Electronics/Computer
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-92401184 Lee, Florida USA Computer Repair 145,000 95,000 78,882 244,789
Flooring
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102048 Lee, Florida USA Flooring Products 89,000 89,000 61,618 290,135
Food Business Retail
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102055 Collier, Florida USA Deli/Catering 63,900 63,900 0 0
Furniture Retail
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95101024 Charlotte, Florida USA Furn Retail Lawn/Patio 115,000 60,000 43,000 170,000
BBF-95102052 Collier, Florida USA Furniture Store 395,000 200,000 103,845 459,132
Liquor Related Biz
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-93700887 Lee, Florida USA Liquor Nite Club 299,000 150,000 0 0
BBF-90780212 Lee, Florida USA Sports Bar 300,000 300,000 150,000 950,000
Manufacturing
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-894018349 Lee, Florida USA Mfg-Cement Products 2,911,600 2,361,600 750,765 2,138,894
Marine Related
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95106002 Lee, Florida USA Boat Club 28,000 28,000 24,202 110,290
Pack/Ship/Postal
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95400024 Lee, Florida USA Postal/Mailbox/Misc 49,900 49,900 22,818 136,391
Real Estate Related
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102058 Lee, Florida USA Property Management 185,000 185,000 57,927 152,113
Recreation
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102026 Lee, Florida USA Game Room 80,000 80,000 45,989 116,263
Restaurants
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-93700888 Collier, Florida USA American Restaurant 49,000 49,000 0 0
BBF-90721016 Lee, Florida USA American Restaurant 300,000 300,000 150,000 950,000
BBF-95102064 Lee, Florida USA American Restaurant 355,000 195,000 192,428 638,000
BBF-93701888 Collier, Florida USA Cafe Type Eatery 49,000 49,000 0 0
BBF-95312026 Lee, Florida USA Deli Restaurant 85,000 85,000 69,758 172,176
BBF-90406349 Collier, Florida USA Ethnic Restaurant 135,000 135,000 0 0
BBF-90731712 Lee, Florida USA Ethnic Restaurant 150,000 0 97,000 550,000
BBF-91702144 Lee, Florida USA Fast Food Franchise 269,000 269,000 129,999 293,250
BBF-91702143 Lee, Florida USA Gourmet Dining 79,900 79,900 0 0
BBF-90406277 Lee, Florida USA Pizza Shop 120,000 60,000 38,194 296,159
Retail Miscellaneous
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-95102056 Lee, Florida USA Consignment Shop 95,000 95,000 0 0
Transportation
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-16411816 Collier, Florida USA Equip Delivery 6,500,000 5,200,000 1,354,056 4,494,680

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.

Friday, October 26, 2012

How Much Is My Salon/Spa Worth?

A question on the top of every business owner’s mind is, “how much is my business worth?”

With season upon us, I thought this would be a good time of year to update salon and spa owners on business transactions throughout Florida and give them some data regarding pricing and available opportunities. Here are some numbers to ponder:
  • 29 = the number of salons and spa businesses sold to date in 2012 by Business Broker of Florida Association members.
  • $89,000 = the average price of the sold salon/spa businesses.
  • $60,000 = the average owner benefit generated in each sold salon/spa business.
  • 1.37 = the owner benefit multiple (sales price divided by owner benefit) of the 29 sold salon/spa businesses .
  • 1.26 = the historical owner benefit multiple of all salon/spa businesses ever sold in the state of Florida.
  • 93% = the average percentage down of the 29 sold salon/spa businesses.
What does this mean?
Salon/spa businesses are in demand. And, in spite of a more conservative and cash strapped buying clientele, buyers are still paying at or above historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your salon/spa business, now is a great time! Please contact me for a no obligation discussion.

Or, if you, or someone you know are interested in purchasing a salon or spa, below are our present listings:

Beauty - Hair Salon/Day Spa, Lee County, FL
Price $135,000; SDE $69,727; Revenue $489,939Very stylish & spacious with excellent exposure on major highway. Luxurious setting whether present for hair, chemical, mani, pedi, nails, facials, waxings, tan and other services, or waiting on spouse/friend. Turnkey business. Staff a balance of commission and annual renters.

Beauty - Skin and/or Massage, Lee County, FL
Price $100,000; SDE $72,272; Revenue $213,328Stylish & spacious specializing in skin, massage & related services, eg, body wraps, weight loss & detox. 3rd year in new location w/3000 SF of active space. All employees 1099 with 10 commission and 2 renters. Turnkey business with large customer list and strong relationships with area resorts.

Beauty - Tanning Salon, Lee County, FL
Price $375,000; SDE $166,433; Revenue $453,511Easy business that makes money. Growth potential. 3 highly visible & trafficked locations, top notch equipment, POS system & very clean stores. Each store has 10+ beds with level 1-4 equipment w/lay down & stand up beds. Large customer base with $165k currently in EFT. Seller financing.

Beauty - Tanning Salon, Manatee County, FL
Price $50,000; SDE $0; Revenue $0In Bradenton/Sarasota. 8 lay downs, 2 stand ups, Mystic Tan and airbrush equipment. Tanning software tracks everything. Opened short time but has eclipsed $20K in single month fees. Growing business with ability to increase revenues through retention, EFT or additional services. Less than asset value.

Beauty - Tanning Salon, Palm Beach, FL
Price $135,000; SDE $57,410; Revenue $106,017Located downtown Delray Beach next to dry cleaner, post office, nail salon, gym and high end salon/spa. Only tanning salon downtown. Hyatt hotel set to open 1 block away in Oct. Potential to do airbrush tanning for Hyatt spa. One of the only personalized airbrush tanning salons in Delray & Boca Raton.
 
 
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.