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Asking Price: $185,000

Cash Flow: $84,208

Gross Revenue: $588,181

EBITDA: $84,208

FF&E: N/A

Inventory: $4,000

Established: 2012

Business Description

Pet Boarding & Housing Business For Sale in Central Florida – New owner can be m

Established Pet Boarding Business for sale in Florida. Business caters to both dogs and cats needing both short and long-term stays. Owner has a large 10,000-square-foot facility that allows pets plenty of space and offers their customers options at any time of year. The space is inexpensive to run on a month to month basis and there is management in place if a new owner does not want to work full-time. No experience is necessary but a passion for working with people and their pets is recommended. The build out for this facility alone cost over $200K. Customers come from places like The Villages and from places like Windermere and Orlando. Many bring their pets in for just a few days and others for a few weeks at a time. Owner is open to some owner financing and is selling so they can enjoy retirement. For more information please call 407-478-4101.

Detailed Information

Location:
Clermont, FL
Inventory:
Included in asking price
Employees:
14
Facilities:
10,000 square foot facility.
Competition:
Business is still operating despite shut downs and many customers are using their services for their pets so they can take shorter in-state and in-country trips.
Growth & Expansion:
There is plenty of opportunity to market the business and offer other services such as pet training and grooming.
Financing:
Owner is open to some financing for a qualified buyer.
Support & Training:
Owner will work with the buyer to make for a smooth and easy transition into the business.
Reason for Selling:
Owner is looking to formally retire.

As business brokers serving the Orlando and Central Florida we always hear preconceived notions from those looking to sell a business and not all of them are correct.  Below are 5 myths about selling businesses in the Orlando area that business owners should know and recognize:

Myth 1

Unsolicited offers are always best when looking to sell a business in Orlando.

 

There are many potential buyers both in and out of Central Florida that would like to have more business in the area. Many are not shy about tossing offers over to many business owners in hopes that they catch an interested business owner. As you might imagine, these offers typically are not the most generous. In fact, it’s possible that many of these potential buyers are hoping to time things so that they find a potential business seller just before they decide to meet a business broker or consult their accountant or attorney. If you’re looking to potentially sell your business in the Orlando area or even if you’re not but are approached by someone asking if you would sell. Do your research first. Don’t assume that because the offer is unsolicited that you’re saving a ton of time and money. You might be leaving a great deal of money on the table and the time saved might be just a small amount. Consult a business broker in Orlando or Central Florida first. Most will meet with you at no cost because this is how they come across potential listings. There have been many times where business brokers at Crowne Atlantic meet with potential sellers and recommend they take their current offer.  Other times we know the seller can do better.

At Crowne Atlantic some of our business brokers have sold some of the most popular restaurants in Central Florida.


Myth 2

Selling Your Business In Orlando On Your Own Without Assistance Is Optimal.

 

Most money-making businesses selling for more than $200k require the help of accountants, attorneys, real estate appraisers, and business brokers. From the business broker perspective, an owner can operate their business more effectively if they do not have to deal with business inquiries all day. When business brokers at Crowne Atlantic meet with potential business sellers that have tried to sell businesses themselves always complain about buyers that drag on the process with no progress, or buyers that have no money or buyers that they feel are just not skillful enough to run their business. In contrast business brokers work to help qualify each buyer to see if they have a potential applicable skill set to take over the business. Brokers ask and discuss the uncomfortable questions as to whether or not a potential buyer has the funds to purchase the business and helps direct buyers to the appropriate people that might be able to help with financing. Furthermore, business brokers help keep business sales confidential from the business’s customers and competitors and can make recommendations to the seller on the best buyers to work with.

Business Brokers In Orlando generally provide a free consultation for business owners looking to sell a business in Central Florida.

Myth 3

Believing That A Deal Will Definitely Close No Matter What.

 

There are many catch phrases that illustrate the issues with this myth. Many say, “the deals not over until it’s over.” Others say, “the deals not over until the business seller has a check in their hands.” Business deals follow a process where items have to be taken care of in a timely manner or they might not get done. It’s the job of Orlando business brokers to set the pace of each deal and make sure deadlines are met. Does the buyer have all the due diligence their accountant requested? Does that accountant have further questions? Does the lender need more information? How should information about the buyer be packaged to the landlord to help get them approved? All of these issues sound super simple but often become very complicated and it is the business brokers role to make sure everyone stays on task. Deals can fall apart. Sometimes all it takes is a news event or a distant family member sharing an uninformed opinion. When it comes to selling businesses, most deals approach the edge of falling apart at least once or twice during the deal so it’s important to have professionals to help keep deals on track.

Downtown Orlando

Myth 4

Business owners have to take earnouts and owner financing.

 

While it is true that there are many deals where business sellers in Central Florida hold some seller notes or include earnouts, these are not requirements. Many deals include these elements but often times if business owners consult with professionals and business brokers ahead of time, they can help guide business owners into positioning their businesses to qualify for SBA financing which helps owners keep their chances of owner financing to a minimum. One of the other functions that business brokers in Orlando serve is to let potential buyers know some of the seller’s expectations when it comes to financing and earnouts. In some unique cases these elements are needed, however they are not required for sellers even though buyers will often claim a seller will not be able to do a deal otherwise. I’m these instances speaking with an Orlando business broker, a professional lender and other professionals ahead of time can help potential business sellers explore their options.

The business brokers at Crowne Atlantic specialize in Selling Large Manufacturing and Distribution Companies in Central Florida.

Myth 5

No special preparation is necessary when looking to sell your business in Central Florida / Orlando.

 

Have you ever sold a car or a house? Did you wash and detail the car before you showed it to a potential buyer? Did you paint the house, mow the lawn and add a few plants when you showed your house? Prepping a business for sale is no different except a business owner needs to know what buyers are looking for. It helps to have a clean business area, good books and records, equipment in good condition, clean books and records and a reliable team to help operate the business. Our business brokers meet with owners looking to sell businesses throughout the mid-Florida area and we often consult with business owners way ahead of when they are planning on selling. We discuss with business sellers on how to organize their financials, their teams and their operations.

 

If you’re asking yourself, what I should I be paying attention to when I want to sell my business in the Orlando or Central Florida area call the Business Brokers at Crowne Atlantic at 407-478-4101.

Other Articles on Selling Businesses in Central Florida that you might like:

How Can I Sell My Business In Orlando Confidentially?

When is the right time during the year to sell your business in Orlando?

Myths Busted: Popular Buyer Myths When searching Businesses for Sale.

Selling A Business to the Right Buyer in Orlando

When selling a business in the Orlando and Central Florida area it is important to have your financial figures in the best shape possible. At Crowne Atlantic, our Orlando Business Brokers work with potential business sellers and make recommendations on how a seller’s financials can look the most attractive. One of the benefits of being a business owner is having the ability to make personal deductions, one that a person who works a job might not be able to take advantage. Sometimes however business owners can get carried away with what they deduct and it is these questionable deductions that can cost a seller a higher offer from buyers when looking to sell their businesses. Tax records and financials all around are extremely important when selling businesses in the Orlando area because often times the buyer and seller do not know one another and the buyer might be new in town so they may have nothing to go off of but the tax records. Businesses with the cleanest numbers and the most easy understand business deductions typically sell for the most amount of money.

Marked below on the sample tax form is what most buyers and what most SBA lenders will first look at when evaluating earnings and potential deductions on a tax record. We circled them in red below. The three most popular business deductions the officer’s salary, depreciation, and interest expense columns. Buyers, accountants, lenders, and even attorneys will look at those three columns and add those numbers to the taxable income column first and foremost. These are what we call good deductions. See below:

Other examples of good deductions include amortization and owner’s health insurance because these are good and traceable deductions.

Here’s a list of other deductions that business owners often make that are not as good. Both Business brokers and Business Owners will factor them into the earnings when they show the seller’s discretionary income but they are not as accepted by buyers.

This list includes:
Auto gas (for personal use), Company Car (for personal use), Cell Phones (owner’s phone, spouse’s phone, kid’s phone, dog’s phone), Meals and Entertainment, Bad Debt, Advertising, Legal Expenses, Accounting Expenses and there are many more.

When evaluating businesses for sale in Orlando, there are good personal deductions that buyers can factor in and then there are deductions that are not as good.

None of these business deductions are bad, but they simply are not as good as they could be. A few thousand in deductions here and there is not a bad thing either, however deals become more difficult to pass through due diligence when these personal deductions become more sizeable. For example, using half the company’s earnings to pay for a Range Rover for personal use might create more issues than it’s worth. Another example poor deduction usage is putting expenses through the Cost of Goods section because it makes deductions much harder to add back.

As business brokers working in the Orlando area since before 2004, we work with business owners to position their financials and show buyers a true reflection of what the income of a business truly is. We provide this service on a regular basis and we sell businesses that have plenty of deductions all the time. Having fewer business deductions and having easier to trace deductions simply increases the chances of a business owner selling their business for the highest price.

If you have questions or need clarifications on how to better position your tax records and financials for an upcoming business sale please feel free to reach the Orlando Business Brokers at Crowne Atlantic Properties at 407-478-4101.

For Similar Articles You May Be Interested In Click The Links Below:

Orlando Business Brokers Get Higher Premiums For Business Sellers In Greater Orlando Area

Selling a Small Business In Orlando, Florida

Top 10 Tips to Selling A Business In Orlando and Central Florida

When Is The Best Time Of Year To Sell My Business In Orlando?

Selling A Business in Orlando

Keeping It Quiet: 4 Tips To Maintaining Confidentiality When Selling A Business in Orlando

Case Study in Confidentiality. 

When selling businesses in Orlando it is typically vital that owners work to make sure their potential business sales are kept confidential.  The easiest way to do this is to tell only those who need to be told about a potential sale. 

This is one case study as to why confidentiality in Central Florida business is important:

Years ago, Crowne Atlantic had just gotten a deal signed for several million dollars for a construction company with a very qualified buyer.  The seller unfortunately had not adequately prepared their financial documents.  When they found themselves needing to provide updated financial information to the buyer, they had to approach their manager for the information.  For some reason the manager was the only person in the company that had access to these financial files.  They had had no idea that a potential sale was about to occur and that a purchase contract for the business had already been signed.  Against our firm’s advice, the seller told their manager the situation. What followed was no short of epic but it also caused a massive backlash. 

Upon hearing that a potential business sale was in the works the company’s manager proceeded to cry.  They expressed that they had been a part of a business that was taken over in a mergers and acquisitions deal years before and they along with many of their work friends ended up losing their jobs.  While that is not typical for main street business broker deals, this manager deemed this future to be true.  They stated that they would tell everyone in the firm what was going on.  They said that they would do whatever they could to prevent a sale and try to encourage employees to leave.  Here the seller was just looking to sell their business and provide the buyer some financial numbers.  Essentially the seller was held hostage by their manager who ultimately through their antics blocked the sale.  That manager cost their boss several million dollars. 

To prevent antics like this business sellers in the Orlando area need to be very clear about what they are expecting when putting their business on the market.  If they suspect employees or customers will be upset about a sale it is often better to not alert them unless absolutely necessary.  Typically, when business buyers purchase businesses, they typically do not make any immediate changes with employees, customers or vendors.  Everything typically stays the same so there really is no reason for employees or customers to be concerned about a business being sold. 

When the Orlando Business Brokers at Crowne Atlantic meet with potential business sellers we always make sure to go over how confidential a sale needs to be for that particular owner and that particular business.  We find out where the potential business sale needs to be sensitive.  If you or someone you know is looking to sell a business confidentially in the Orlando or Central Florida area call the best business brokers of Orlando at Crowne Atlantic at 407-478-4101 or check out our website at www.crowneatlantic.com.

Roadway Electrical Business W/ Contracted Projects For Sale in Orlando

Roadway Electrical Business W/ Contracted Projects For Sale in Orlando

Orlando, FL (Orange County)

Seller Financing Available

Asking Price: $3,000,000

Cash Flow: $1,688,563

Gross Revenue: $3,806,172

EBITDA: N/A

FF&E: $180,000

Inventory: $2,000

Established: 2015

Business Description

Electrical Business with $14 Million in contracted work for the next 2 years! Electrical contracting business for sale in Orlando, Florida. Business the handles highways and roadway electrical installation and maintenance for large-scale lighting projects, utility installations and infrastructure designs. Most of their work includes street lighting for roadways, conductors, underground utility installations, fiber optics and electrical service points. Business has contracts and a backlog for over $14 Million in business to be completed within the next 2.5 years. For more information please call 407-478-4101.

Detailed Information

Location: Orlando, FL Inventory: Included in asking price Employees: 11 Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: Office warehouse facility. Competition: Few companies exist in the industry so a new owner can easily stand out and bid for additional work. Growth & Expansion: Business is already contracted to expand for 2020 and 2021 with another $14 million in backlog contracted work. Support & Training: Owner will work with the buyer to make for a smooth and easy transition into the business. Reason for Selling: Relocation

If you or someone you know is wondering, how do I sell my business in the Orlando area, contact the business brokers of Orlando at Crowne Atlantic at 407-478-4101 or check out our website at www.crowneatlantic.com.


Detailed Information

Trucking Transportation Business for Sale
Orlando, FL (Orange County)

Asking Price: $4,000,000

Cash Flow: $1,437,528

Gross Revenue: $9,072,071

FF&E: $1,200,000

Inventory: $1,500,000

Established: 2008
Business Description

Site Fill Company with $14,000,000 in contracted work
Trucking business for sale in the Central Florida area. Company provides truck hauling / excavating and supplies general and select fill to its customers. Company has operated for 11 years throughout the state of Florida. Customers include Residential, Commercial, Industrial, FDOT, Local Municipalities Statewide, and State customers. Hauling and excavating Services the company provides are Non-Hazardous Material Hauling, Hourly On-Site Hauling, Disaster Clean up Services, Environmental remediation services, and Construction & Demolition Debris Hauling. Some of the Materials Services the company provides are: General & Select Fill, Topsoil, Sand, Stabilizer Materials, Clay, Hard Pan, Soil Cement and Crush Concrete & Limestone Aggregates. Company has 21 pieces of heavy equipment of which 17 are dump trucks. $1,200,000 FF&E and $1,500,000 inventory included in asking price. At this time, the company has over $14,000,000 in contracted pipeline of work. Solid books and records. Will qualify for third party financing for an experience Buyer.
Detailed Information

Location: Orlando, FL
Inventory: Included in asking price
Employees: 25
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Industrial area.
Support & Training: Owner will train for a smooth transition.
Reason for Selling: Retirement

Local Italian Restaurant For Sale in Orlando, FL
Orlando, FL (Orange County)
Seller Financing Available

Asking Price:
$699,000

Cash Flow: $303,494

Gross Revenue:$1,638,393

FF&E: $50,000

Inventory: $10,000

Established:
2015
Business Description

Local Italian Restaurant For Sale in Orlando area
Well-known Italian restaurant with an exceptional reputation. Business has a great concept where customers travel across town just to dine there. Terrific online reviews demonstrate that the food and the service is great and that customers will be coming back. The facility has a full kitchen and has a 4COP SRX full liquor license. Business has great books and records which show the business does well over $100K a month in sales. Talented staff in place. For more information please call 407-478-4101.
Detailed Information

Location: Orlando, FL
Inventory: Included in asking price
Employees: 15
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Business has a full kitchen and qualifies for a 4COP SRX.
Growth & Expansion: Business continues to grow as their reputation becomes more well-known.
Financing: Owner is open to financing a portion of the purchase price for a qualified buyer.
Support & Training: Owner will work with a buyer to make for a smooth and easy transition into the business.
Reason for Selling: Relocation

If you or someone you know is looking to buy or sell a business in the Orlando area call Crowne Atlantic, your number one trusted business broker. www.crowneatlantic.com.

Furniture Retail Business with Real Estate for Sale
Orlando, FL (Orange County)
Seller Financing Available

Asking Price:
$1,400,000

Cash Flow:
$268,157

Gross Revenue:
$1,785,116

FF&E: $50,000

Inventory: $192,000

Real Estate:
$800,000

Established: 1994
Business Description

Furniture Retail Store with Property For Sale in Orlando area.
Leading Central Florida Furniture business for sale with the real estate in the Orlando area. Purchase price includes the property and inventory. has been in the same location for over 25 years. They are the one of the few Signature Design Studios in the Greater Orlando and offer many unique and hard furniture pieces to find. Separate buildings house the main showroom, bedding and quality furniture. Most major brands are offered along with a full warranty. Delivery and set up services are also available. Good books and records. For more information on this business with property for sale in the Orlando area please call 407-478-4101.
Detailed Information

Inventory:
Included in asking price

Real Estate:
Owned
Included in asking price

Building SF:
10,000

Employees: 11

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price

Facilities:
Multiple buildings included in the sale.

Competition: Business attracts customers from the surrounding 4 counties.

Growth & Expansion:
Lots of ways to step up marketing and advertising and potentially selling online.

Financing:
Broker will assist buyer with bank financing.

Support & Training:
Owner will work with the buyer to make for a smooth and easy transition.

Reason for Selling: Owner would like to retire.

If you or someone you know is looking to buy or sell a business in the Orlando and Central Florida area call the Orlando Business Broker specialists at Crowne Atlantic Properties at 407-478-4101 or check out our website at www.crowneatlantic.com.

While Orlando is a large, diverse and growing community it is in some industries a small community. Often times business owners in Orlando do not want the fact that they are selling or contemplating selling their business in the Orlando area to be public knowledge. They may not want to scare away good employees. They may not want their family, friends, or customers to know they’re planning to sell. Whatever the reason, confidentiality is something to be taken seriously in any business sale. If word gets out of a transaction or potential transaction it should be on the owner’s terms, when he or she is ready to make the announcement and face the inevitable questions that arise from it.

Until that time comes, here are four tips you can use when selling your business in the Central Florida area to keep things confidential.

4 Ways To Maintain Confidentiality During A Business Sale

  1. Blind Advertising. The simplest way to make sure no one knows that you are the business owner behind the sale is to simply withhold certain information. It’s called blind advertising and it’s a very common practice. When you advertise a business blindly, you may withhold information about the business owner and/or the name of the business. The goal here is to get calls about the business. To do that, you don’t need to provide such detailed information as the business name. For instance, ads can be written to provide all of the relevant information a buyer needs to decide whether or not they want to learn more about the business without revealing the name of the business or the owners. Ads may contain information about the industry the business is in, the size of the business, number of employees, and general location. Done properly, none of this information should reveal the exact business that is for sale. Once you see the ad, ask yourself, “Could someone tell that this is me, based on the ad?” if the answer is No, run it. If not, re-write it until you’re satisfied with the anonymity.
  2. Confidentiality Agreements. Another key component to keeping things quiet is the confidentiality agreement. If you are serious about maintaining confidentiality, interested buyers MUST sign a legal confidentiality agreement BEFORE any of your personal information is released to them or they even learn the name of the business. This will provide you with legal protections if the buyer spills the beans. This is also the time to look into the buyer’s qualifications and make sure they are serious and capable of making the purchase. If they’re not, don’t bother giving them confidential information. Talk to your business broker about this aspect of selling the business in Florida. Any responsible business broker will totally back you up on this and will even have approved confidentiality agreements ready to go as soon as you sign on with them.
  3. Have An Answer Ready. Despite your best efforts, word may leak out and you’ll find yourself fielding questions from staff and customers. Be ready for this with a believable answer. Don’t panic or read too much into them; most questions are simply innocent inquiries. If you are ready to tell them the truth, go ahead. If you’re not, try to deflect the question until you are ready (you never want to say too much too soon).
  4. Take Control Of The Process. Even if you have a signed purchase agreement in hand, the time for confidentiality may not be over. Come to an agreement with the buyer so he or she knows when and how the employees will be informed of the sale and by whom. While some key employees may need to know earlier, we often advise our clients to wait until the closing has occurred before letting the entire staff know about the sale. You just never know what might happen before ownership is officially transferred over and it’s not worth the stress and strain of worried and panicked employees to make announcements prematurely.

Maintain Confidentiality With Help From Crowne Atlantic Properties

Maintaining confidentiality during the selling process is important, but it won’t break the sale if word slips out. For help listing or selling your business and ensuring it’s kept confidential, contact Crowne Atlantic Properties at 407-478-4101 or check out our website at www.crowneatlantic.com.