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Posts Tagged ‘buy a business’

Jacksonville Ice Cream Store

Asking Price: $79,950

 

FF&E: $75,000

Inventory: $5,000 included

Business Description

Ice Cream Store – Bargain

Fun business being sold for much less than startup cost. Serving the best freshly made gelato and deserts to grown-ups and children alike. Excellent online reviews and easy to run. Brand new equipment in place. Motivated sellers are relocating so you can gain from their loss. Tasteful build-out in shopping center anchored by major supermarket. Benefit from this bargain price and take the business to the next level. Have fun doing it. Call today.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
6/1/2021
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
900 sq ft. Tastefully built out and located in retail shopping center anchored by a major supermarket.
Competition:
This is the only business in the area specializing in this product.
Growth & Expansion:
Seller has quickly built up a solid reputation with excellent social media reviews. Continue with this one easy to run store or expand to additional locations.
Support & Training:
One week at no cost
Reason for Selling:
Relocation

Fast Food Franchise – 3 Locations Jacksonville

Fast Food

 

Asking Price: $315,000

Three for the price of one. The latest fast food concept from an experienced and successful franchisor. Get in on the ground floor. Three locations. One up and running and cashflowing. A second location opens at the beginning of 2019 and one more that can be opened in a North Florida location of your choosing. Simple and easy menu with excellent margins. Price includes franchise fees. You get all this for less than the cost of build out / FFE. Franchisor will give all the training you need.

Detailed Information

Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2 x 1200 square foot locations in attractive strip retail centers with strong population growth in the area.
Competition:
The heavy lifting has been done by the franchisor. You can now reap the rewards.
Growth & Expansion:
This is a simple low cost concept which can perform well regardless of how the overall economy is doing.
Financing:
Negotiable
Support & Training:
2 weeks at no cost. Ongoing franchise support and assistance.
Reason for Selling:
Franchise development

Maid and Janitorial Service

Maid

Maid Service – Great Potential for Growth

Asking Price:$165,000

Cash Flow:$98,695

Gross Revenue:$238,196

FF&E:$10,000

Inventory:$500

Established:2006

Business Description

Maid and Janitorial Service – Great Potential

Easy to run cleaning service with great potential for growth. Offering maid, janitorial and new construction cleaning services. Could be run from home saving $8,400 per year. Seller only works 15-20 hours per week due to family commitments. Full time operator would be better placed to grow business. 2 company vehicles included. Quality staff and great website in place. Employees are all W2, clean books and records. Take this to the next level.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
3/1/2019
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
800 square foot office with low rent in central part of town. Easy access.
Competition:
Limited competition for this kind of quality service.
Growth & Expansion:
Owner can only spend limited amount of time on the business and has turned away commercial accounts because of this. Full time operator could grow business by adding staff and taking on more accounts.
Financing:
40,000 @ 5% for 48 months
Support & Training:
One week at no cost. More if needed subject to discussion.
Reason for Selling:
Discuss with owner

Beach Cafe – Excellent Books

Breakfast

Beach Cafe – Excellent Books

Asking Price:$125,000

Cash Flow:$79,239

Gross Revenue:$348,487

FF&E:$5,000

Inventory:$4,000

Established:2002

Business Description

Great hours! Well established breakfast/ Lunch Cafe located in St. Augustine. Just a short distance from the beach. Full kitchen with hood system. Popular with locals and tourists alike with lots of positive reviews. New owner could add dinner and serve wine and beer to increase sales and profit. Excellent books. Call today.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,204
Lease Expiration:
3/1/2020
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1400 square foot breakfast and lunch restaurant in a shopping plaza anchored by a major grocery store.
Competition:
Well established with good reputation and popular with tourists and locals alike.
Growth & Expansion:
Currently closed one day a week and open only for breakfast and lunch. New owner could open 7 days and also open for dinner. In addition beer and wine could be added to the menu.
Support & Training:
One week at no cost. More available if necessary
Reason for Selling:
Discuss With Seller

Business Broker as Transaction Broker

Transaction Broker

Business Broker as Transaction Broker

In the State of Florida business brokers are required to have a real estate license in order to sell businesses. Unlicensed activity is considered a third-degree felony and punishable by up to five years in prison. However, while we share the same license with realtors there is a key difference in how we operate. Most realtors work as “single agents”. This means that they can only work with buyer or seller not both and that they have fiduciary duties as well as the duty of loyalty to their client. business brokers on the other hand rarely work as single agents. Instead we choose to work as “Transaction Brokers”

As a transaction broker we provide buyers and sellers with a limited form of representation. Unlike single agency transaction brokers do not have a fiduciary duty and to not owe the buyer or seller loyalty. Instead our job is to facilitate the transaction. In this way we can expedite a business transaction by representing both parties.

We are in effect a neutral party. However, we still owe both parties limited confidentiality. This means for example that we are not allowed to tell the seller that the buyer will offer more or tell the buyer that the seller will take less without permission from the party in question.

The transaction broker has the following duties to both buyers and sellers.

1.  Dealing honestly and fairly;

2.  Accounting for all funds;

3.  Using skill care and diligence in the transaction;

4.  Disclosing all known facts that materially affect the value of real property and are not readily observably to the buyer.

5.  Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing.

6.    Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, or the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information by a party to remain confidential; and

7.  Any additional duties that are entered into by separate written agreement.

 

Acting as transaction brokers allows us better assist both buyers and sellers of businesses which ultimately is to the advantage of all parties.

 

Anthony John Rigney is a Jacksonville based business broker and Board-Certified Intermediary (BCI). He is also the President of the North Florida district of the Business Brokers of Florida (BBF). If you are interested in buying or selling a business – contact Anthony today at www.904broker.com

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