Business Interruption Insurance
There are two primary causes of a business stoppage or slow down: Damage due to wind or flood or both, fire or explosion or supply chain failures. Cybersecurity attacks that cause financial loss, damage to the firm’s reputation, and possibly legal and regulatory consequences. Business interruption insurance deals with lost profits and “excess...Read More
Embracing the Challenge: Why You Should Strive to Do Hard Things in Life
Embracing failure as a natural part of the journey allows you to take risks without the fear of making mistakes. Don’t have paralysis by analysis. In a world that often celebrates ease and comfort, there is immense value in deliberately choosing to tackle hard things. The process of challenging one self, stepping out of comfort zones, and pursuing difficult goals...Read More
Chair’s Letter
Reflecting on a Remarkable 2024 for BBF As we approach the end of 2024, it’s hard to believe how quickly this year has flown by. It has been an incredible honor to serve as your State Chairman for the Business Brokers of Florida (BBF). This year has been a remarkable one for our organization, and I am proud of what we have accomplished together....Read More
Seven Reasons Why a Buyer May Expect Working Capital to be Included in the Sale Price of a Business
What is working capital? Working capital represents the short-term liquidity and financial health of a business. Positive working capital can indicate the business is well-managed and financially stable. Working capital is the money available to meet current, short-term obligations. It is calculated by subtracting short-term liabilities from short-term assets. Short liabilities...Read More
SBA Disaster Assistance for Businesses Affected by Hurricane Helene
In light of the devastation from Hurricane Helene, we want to provide some information that may be helpful in providing assistance to businesses that have been affected by Hurricane Helene. For 7(a) loans that are not sold on the secondary market, Lenders may: Grant payment deferments of up to 6 consecutive months (No SBA notification required) Extend...Read More
Exploring Industry Roll-Ups: Opportunities and Considerations for Business Sellers
In the current market of business sales and acquisitions, private equity groups (PEGs) are some of the most active buyers of mid-market companies. They are placing a growing emphasis on what is commonly known as “industry roll-ups” – a strategic merging of multiple companies within the same market or vertical. This has been a growing trend throughout the state since the...Read MoreChair’s Letter
As I write this letter, I am sitting waiting for Hurricane Milton to descend upon Florida. Wherever it lands, we are going to have many BBF members that will be seriously affected. We have already had several BBF members that have had to deal with Hurricane Debby and Hurricane Helene already in 2024. I am keeping all our members in my prayers and hope everyone suffered minimal damage....Read More