There are many reasons Florida business owners are happy to put 2010 in the rearview mirror. Welcome 2011! Now, don't get me wrong -- Florida Business Exchange had a great 2010. In fact, when much of the Business Brokerage industry here in Florida was off 30-50%, we had our second best year of the decade. Taking everything into perspective, here are five reasons we are bullish on 2011:
1. The Gulf oil spill is behind us.
2. Record cold weather in January, February, March, November and December 2010 is not likely to repeat in 2011. Consumers will be out spending money as opposed to locking themselves in their homes or hotel rooms.
3. There is more optimism and less fear with respect to the economy. People are spending more money and it is helping business overall.
4. Affordable housing prices are attracting outside investment -- those interested in living and working in Florida as well as those looking for a 2nd home.
5. Theres is a lot of idle cash just waiting to be spent. Smart buyers have been sitting on their cash waiting for the economy to settle and the right opportunity to buy. We are finding a surplus of motivated, financially capable, yet cautious, buyers. Sellers who are willing to price their business fairly and finance a portion of the transaction, are selling.
2011 is here. Let's get some deals done!
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at eric@buysellswflbiz.com or 239-405-8818. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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