The Overpricing Dilemma: The #1 Reason Why Businesses Fail to Sell and Why Buyers Shun Them.
The BBF has given sellers and their brokers an amazing marketplace to sell businesses. It has proved to be quite efficient in its ability to find the right buyer to buy businesses that enter the marketplace. And in today’s seller-favored landscape of business transactions, if a business is not selling, we can only deduce that it is overpriced. This issue is obvious, and the statistics...Read MoreChair’s Letter
I am honored to lead the Business Brokers of Florida this year. I am fortunate to have a large group of dedicated volunteer leaders, a strong assembly of members and affiliates, and a great management team to help our Association be the best in our profession. I would like everyone to mark their calendars for our upcoming BBF Conference, August 23-25 at the Caribe...Read MorePresenting the right CIM, CBR or Brochure for your listing
Our duty as Brokers is to showcase our business listings with as much detail and accuracy as possible so as to wow the Buyer. One way to do that is through the preparation of a Confidential Business Review (CBR) or a Confidential Information Memorandum (CIM). These two terms are often intertwined and used in the same manner. The difference between these two documents is that the CIM...Read More
7 Important Questions to Ask Yourself When Selling a Business
There is no denying the fact that for most people, the decision to buy or sell a business is one of the most important professional and financial decisions that they will ever make. Let’s turn our attention to some of the key questions you’ll need to ask. 1. What is really for sale? You’ll need to determine what is, and is not, for sale. If you own machinery or real estate associated with the...Read More