TAMPA BUSINESS BROKER RULES OF THUMB

Here are some rules of thumb on business brokerage covering a lot of different areas. Over the years I have found that there is a lot of truth in them

The following rules are tried and true.

“The first offer is almost always the best one!”

“It’s true that 90 percent of buyers will buy something other than what they first were interested in.”

“Co-brokering with all of the other local business brokers will increase your sales by 25 to 30 percent.”

"If the buyer’s wife is opposed to her husband buying a business, there will be no deal. The reverse is not true, but a wife will buy a business regardless of her husband’s opinion.”

“One out of 12 to 15 buyers (only personal contacts count) will result in a sale.”

“The average length of time it takes to sell a business is one month longer than the average listing period.”

“Every sale falls apart at least twice before it closes.”

“It seems that no matter how careful one is in taking a listing, only one out of four will actually sell; so it would seem that the more listings one has, the more sales will happen.”

“If a seller tells you that he or she will not take a penny less than what the business is listed for, here’s what we know from experience: If you called the seller and told him that you refused an offer from a buyer who loved the business, but it was a bit less than the listed price, the seller’s response 95 percent of the time will be – ‘go get that buyer and write it up.’ This is the same seller who wasn’t going to take a penny less and don’t even bother him if it isn’t just as listed.”

IVAN  DEALMAKER 813-215-6801 OR VISIT WWW.IVANDEALMAKER.COM

ASSIGNING A BUSINESS FOR SALE LEASE IN A MALL TAMPA BAY FLORIDA

When you are buying a business for sale in Florida you will need either sign a new lease with the Landlord of the premises the business for sale you are buying is leasing or to assign the existing lease of that business for sale. The landlord wants to have more business owners on the hook so he will prefer assigning the lease unless it has expired or it is about to expire. The assignment is a small document saying that you are assigned all the rights and responsibilities of the original signatory of the lease. So here is an example of what the requirements are in one of the Malls in The heart of Florida.

If you'd like to apply for a lease assignment, I'd need the following. 

 

1.                   Completed background and credit check applications by new operator (see attached) – please send these first so we can begin processing

2.                   2 years of financials for new company (income statement, balance sheet, tax return)

3.                   Assignee’s bank statements (3 months)

4.                   (2) months security deposit  - you already have one so we'll need an additional 1 month.

5.                   $2,500 assignment fee

6.                   Formal request in writing - name of the new company, and any relevant information on history

 

Please let me know if you have any questions.  This process can take up to 45 days.

 

FOR QUESTIONS OR MORE INFORMATION CALL IVAN DEALMAKER 813-215-6801 OR VISIT WWW.IVANDEALMAKER.COM