It's O.K. to Sell Your Business to the Highest Bidder - NYTimes.com

"I recently helped a restaurant owner sell his business. He priced it at an attractive level and had several interested buyers, one of whom seemed especially eager to take good care of the restaurant’s employees and continue to provide the same level of food and service.

To get the deal done with this buyer, however, the owner had to lower his price and defer more of the payment than he had wanted. Ultimately, he agreed to do this because he cared about his employees, and because he had spent 30 years building the restaurant and hoped to see his legacy maintained. But it didn’t work out that way.

After he took over the business, the new owner changed the rules of employment, raised prices and lowered the quality of the food. Not surprisingly, the former owner felt violated. He felt as though a promise had been broken."

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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.