Roles of a Florida Business Broker

2007-07-24 08:31:47

( Financial )



Florida is a Great Place for Business

Because of its numerous tourist spots and beaches, Florida is a haven for countless business opportunities. Florida is regarded as one of the most ideal places to retire, so the state is experiencing a growing population that translates to an ever-increasing consumer market.

Numerous small and medium sized businesses have flourished in Florida such as hotels, restaurants, recreation centers, realty companies, resorts, camping grounds, spas, souvenir and gift shops, laundrymats, home rentals, and many more. Many of these businesses have also opened their doors to investors.

But buying or selling a business in Florida is quite complicated. You need to consult an expert, particularly a Florida business broker who will be able to guide you through the entire process.

How the Florida Business Broker Helps Buyers and Sellers

The Florida business broker's role goes beyond just finding buyers and selllers.

If you are interested in buying a Florida-based business, the Florida business broker can help you look for a good one. You just need to inform him about your criteria such as the industry, nature and size of the business, and financial constraints. Based on your criteria, he will provide you with a list of all potential business sellers and bring you around to inspect them physically. He also gives you information about the company's background and financial performance. Since the information he will provide you is strictly confidential, he will ask you to sign a no-disclosure statement. Like Texas or California business brokers, the Florida business broker helps you negotiate with the seller for a deal which is satisfactory to you and the seller. He will even help you comply with requirements and obtain financing if needed.

If you are the seller of a Florida-based business, the broker will also help you take the actions necessary to qualify your business for selling. He will assist you in organizing your assets and records, and in preparing them for inspection by potential buyers. He helps you prepare the contracts or documents necessary for the sale. He makes sure that the buyer will comply with all the terms of the sale, especially the payments.

But the Florida business broker's role does not end here. Before the business is put up for sale, the broker advertises the business on the web or other media such as business publications and industry agencies. He counsels, assists and protects both parties. He makes sure that both parties are aware of the requirements and help them negotiate for a good deal. He protects the interests of both parties and makes sure that neither one will have undue advantage over the other.

Where to Find a Florida Business Brokers

There are numerous media sources such as business publications and yellow pages that provide listings of Florida business brokers. You can also find them through websites of business broker associations.


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