At Crowne Atlantic, we have sold hundreds and hundreds of businesses in the Orlando and Central Florida area. For our agents, many of whom are native to the area, Orlando is a natural place for buying and selling businesses. After all, Orlando and Central Florida is one of the fastest growing places in Florida and one of the fastest growing areas in the country. On top of that, the Orlando area is one of the biggest tourist destinations in the country and in the world. Visitors come from all over to experience our attractions, conventions, and our year-round warm weather. There are also a lot of residents in Central Florida that have made this area their permanent residence. They plan on retiring here. Some want to relocate here from out of state and even more people reside in the area but want to grow their earnings. To do this many people plan on buying a business.
Crowne Atlantic has sold hundreds of businesses spread across Central Florida. We’ve sold businesses in Orlando, Tampa, Daytona Beach, Jacksonville, Ocala, and all the parts in between. We specialize in helping business sellers market to international buyers, out of state buyers and local buyers. In our industry, any of these business buyers could potentially offer a business seller the best price. It is our job at Crowne Atlantic to help business owners seller their business for the best possible price.
To do this we work with business owners to show them multiple ways different buyers may choose to evaluate their businesses. There are some key elements to start out with that most buyers want to see when they evaluate businesses.
A) Financial Records – Business buyers (no matter where they might be from) will ask business owners for their last 3 years financial statements. This may come in the format of 3 years tax records or 3 years profit and loss statements. Buyers prefer tax records, but any financial paperwork or information that helps business buyers understand the sales volumes, expenses and cash flows is helpful.
B) Property Lease or Property Information – Business Buyers will want to see a copy of the business’s current lease for the premises or if the business comes with real estate they will want to see the schematics of the property where the business is located. When it comes to leases especially Buyers want to see what terms they will need to agree to and how long they can reside on the business premises.
C) Equipment and asset lists – Business buyers want to see what kind of assets and equipment if any that they will be purchasing in the business transaction. It is also important for Buyers to learn if there is any additional equipment that they may need to purchase or if there is additional money required to update or replace any of the equipment or assets of the business.
Naturally there are many more items that business buyers will request, however if you’re looking to sell your business in the Orlando and Central Florida area having these items available will strengthen the value of your business because these are the items that buyers look for when they shop for businesses to buy.
If you’re looking to sell your business in the Orlando or Central Florida area, give us a call 407-478-4101.