October 31, 2024
September 27, 2024
Unlocking the Potential of Your Retirement Funds to Buy a Business
Unlocking the Potential of Your Retirement Funds to Buy a Business: Understanding ROBS Many aspiring business buyers don’t realize that they can use their retirement savings to fund a business purchase through a Rollover as Business Startup (ROBS) arrangement. This self-funding option allows buyers to invest their retirement funds into their new business without incurring early withdrawal penalties or taxes....
September 27, 2024
Why You Should Always Be Preparing Your Business for Sale
Why You Should Always Be Preparing Your Business for Sale – Even if You Don’t Plan to Sell Many business owners don’t think about selling until it’s necessary or until they’re ready to move on. But in reality, preparing your business for sale is something you should always be working on—whether or not you plan to sell in the near...
September 26, 2024
How to Value My Business for Sale
How to Value My Business for Sale: A Practical Guide to Setting the Right Price One of the most challenging aspects of selling a business is determining its value. Setting the right price is crucial for attracting buyers and maximizing your return. Here’s how to value your business for sale. 1. Understand the Different Valuation Methods There are several ways...
September 26, 2024
Steps to Selling a Business
Steps to Selling a Business: A Comprehensive Guide for Business Owners Selling a business can seem overwhelming, but breaking the process into manageable steps can make it much easier. Here’s a short guide to the key steps involved in selling a business. 1. Prepare for the Sale Preparation is key. The first step will be to obtain professional guidance. The...
September 26, 2024
Business Brokers Near Me
How to Find the Right Professional for Your Business Sale If you’re searching for “business brokers near me,” it’s likely because you’re considering selling your business and need expert guidance. Finding the right business broker is a critical step in achieving a successful sale. Here’s how to find the perfect match. Understand What a Business Broker Does A business broker...
September 26, 2024
Best Way to Sell a Business
The Best Way to Sell a Business: Tips for a Successful Exit There are many ways to sell a business, but not all are equally effective. Finding the best way to sell your business depends on your goals, timeline, and the current market environment. Here are the best strategies to ensure a smooth and profitable exit. Work with a Business...
September 26, 2024
How to Sell My Business
How to Sell My Business: A Step-by-Step Guide to Maximizing Value Selling your business is one of the most significant financial decisions you’ll make. Whether you’re looking to retire, explore new opportunities, or cash in on years of hard work, knowing how and when to sell your business is of critical importance. This guide will walk you through the process,...
June 5, 2024
Business Broker Licensing – What you need to know
In todays world of buying and selling businesses, the role of a business broker is crucial. Business brokers act as intermediaries, helping buyers and sellers navigate the often complex process of a business transactions. However, the requirements for business brokers vary significantly from state to state, with some states mandating specific licensing while others do not. This disparity can lead...
February 13, 2024
Understanding Small Business Pricing
In the world of small business transactions, understanding the methodology behind business valuation and pricing is crucial for both buyers and sellers. Central to this process is the standard, yet often misunderstood assumption: small businesses are evaluated as if they will be run by an owner-operator. This principle is fundamental, not only for ensuring a standardized comparison between different businesses...
January 26, 2024
The Critical Role of Business Brokers in the Modern Economy
In the complex nature of the modern economy, certain key players operate discreetly, their significance often overshadowed by their commitment to confidentiality and the niche nature of their business. Among these yet underappreciated figures are the professionals in the business brokerage industry*. While our presence might not dominate headlines, our role is nonetheless fundamental, acting as the silent guardians of...
January 23, 2024
We are hiring for the position of Business Broker
Job Description Your major responsibilities will include: •Developing and securing new “business for sale” listings through networking, direct marketing and calling on business owners using a consultative selling approach •Preparing business valuations, financial recasting and marketing packages for your listings •Qualifying, developing and coaching new business buyers •Handling transaction management: working with sellers, buyers, accountants, attorneys, landlords and all related...
January 4, 2024
Will 2024 be the year you buy a business?
Let me help you make your dreams come true in 2024. As one of Florida’s top Business Brokers I can help you find the right business. There are four things you should know about my services. One Broker As a member of the Business Brokers of Florida I cooperated with over 1,100 active business brokers in this State. That means...
January 2, 2024
Will 2024 be the year you sell your business?
Will 2024 be the year you sell your business? A guide for business owners reaching retirement age. As we step into 2024, many of the baby boomer generation are reaching the age of retirement. This period often brings a significant decision to the fore: what to do with your business? For many of you, your business isn’t just a career;...
December 28, 2023
An open letter to business owners
Dear Business Owner, As a dedicated entrepreneur, you have nurtured your business with hard work and vision. Now, it may be time to consider the next big step for your company and yourself. I am Anthony John Rigney, a professional business broker with extensive experience in assisting businesses like yours in achieving their strategic goals. Achieve the Best Price in...
November 29, 2023
Understanding the handling of prepaid items in a business acquisition
Understanding the handling of prepaid items in a business acquisition When a business changes hands, it is important to address the handling of prepaid items such as gift cards and coupons as these items represent a future liability for the buyer. Prepaid items such as gift cards, coupons, and similar commitments represent both a business asset and a liability. Many...
November 27, 2023
How to effectively inquire on Business for Sale listings
Business Buyer Tips: Navigating the Process of Inquiring on Listings When venturing into the world of business acquisitions, it’s crucial to approach the process with professionalism and tact. Understanding the nuances of inquiring about business listings is key to establishing yourself as a serious buyer and facilitating a smooth transaction. Here are some essential tips for prospective business buyers: Expect...
November 22, 2023
Buying a Business with No Money Down
There’s a common misconception, sometimes fueled by misleading advice, that purchasing a business with 100% seller financing, or with a minimal down payment such as 10%, is a feasible option. However, this scenario is rare and, frankly, can be perceived as a lack of respect towards business owners. To understand why such arrangements are uncommon, it’s crucial to look at...
November 15, 2023
Bridging the Gap
Understanding the Diverse Worlds of Main Street Acquisitions and Private Equity In the ever-evolving landscape of business acquisitions, a new trend is emerging. Private equity firms and private investors, traditionally focused on high-end, large-scale investments, are now venturing into Main Street acquisitions. This shift, while promising, brings with it a clash of cultures and expectations. As these two worlds collide,...
November 14, 2023
The Risks of Overvaluing Your Business: Insights from a Broker
In the competitive world of business sales, owners often face a harsh reality when it comes to the valuation of their businesses. As a seasoned business broker, I frequently encounter business owners who are disappointed by our valuation. This discrepancy between reality and expectations leads some to believe that by shopping around for a broker who will appraise their...
November 7, 2023
Smart Negotiation Strategies When Buying a Business
Title: Smart Negotiation Strategies When Buying a Business When stepping into the world of business acquisitions, the negotiation table is where futures are determined. It’s not just a transaction but a pivotal moment that can either forge successful partnerships or leave parties walking away disappointed. Let’s dive into the art of negotiating the purchase of a business—what to do and...
October 25, 2023
Top Ten Selling Businesses in Florida
Subject: Top Ten Selling Businesses in Florida: A Comprehensive Overview In the ever-evolving business landscape of Florida, certain industries have demonstrated remarkable resilience and growth, capturing the attention of buyers and investors alike. Utilizing data from the business broker database for the state of Florida, we have compiled a list of the top ten selling businesses from January 1, 2022,...
September 25, 2023
Preparing your business to sell
Preparing a business for sale is a significant undertaking that should not be taken lightly. Its best to ready yourself and the business in advance. In this article Anthony John Rigney of Quorum Business Advisors gives Important insight into some of the key aspects of preparation. Financial: Ensure that your financial documents are up to date. Tax returns must...
September 18, 2023
Understanding the E-2 Visa program
The “E-2 Investment Visa” program is little understood and there are many misconceptions. In the following article I attempt to clarify what this program is and how we as business brokers are uniquely qualified to offer assistance. The E-2 visa is an investment based nonimmigrant visa, which allows citizens of certain Countries to live and work in the USA by...
June 15, 2023
Just Sold! Painting Contractor
Just Sold by Anthony Rigney of Quorum Business Advisors. This established painting Contractror was purchased with the aid of SBA financing. We wish the new owners best of luck....
March 17, 2023
Just Sold: Kitchen and Bath Contractor
Just sold by Anthony Rigney of Quorum Business Advisors. This kitchen and bath contractor went in record time and was financed with the aid of SBA Bank financing. If you are interested in buying or selling a business please contact Quorum Business Advisors today....
January 18, 2023
Sold: Property Management Company
Sold by Anthony Rigney for list price! This property management company located on the West Coast of Florida sold for cash and full price. If you are a in the property rental business and are looking to sell, give Quorum Business Advisors a call today. We would love to hear from you....
August 23, 2022
Just Sold: Laundromat
Quorum Business Advisors just sold a Laundromat in North Florida. This listing had a lot of interest and sold for the princely price of $237,000. If you are a business owner in the Florida and are considering selling your business, Contact Quorum Business Advisors today....
April 5, 2022
Just Sold Construction
Just Sold: Construction North Florida Just sold by Anthony Rigney of Quorum Business Advisors. This Construction related business sold for the price of $1.6M which included some seller participation. We congratulate the buyers of this business who we have no doubt will be hugely successful. We also congratulate the sellers who now embark on a new phase in their lives....
October 12, 2021
Sold: Florida Glass Company
Just Sold by Anthony Rigney of Quorum Business Advisors. North Florida glass company specializing in commercial glass installation. This business was sold for a total consideration of $1.6M. The seller continues to own the property leasing it to the buyer. We have ongoing interest in this type of business so if you or someone you know has a glass Company...
October 4, 2021
Just Sold HVAC Contractor
Sold by Anthony Rigney of Quorum Business Advisors. This sought after HVAC business located in South Florida sold for a premium price. If you own a construction business and are ready to sell give us a call today. We would love to speak with you....
January 13, 2021
Auto Repair & Body Shop for Sale (Video)
Auto repair business for sale in Jacksonville, Florida. Also includes a body shop on site and the buildings and land. 4 decades in business with great cashflow. Did not skip a beat through COVID....
January 13, 2021
Recently Sold! Ice Cream Franchise Store
Sold! Ice Cream Store Quorum Business Advisors recently arranged the sale of a franchise Ice Cream Store in St. Johns County, Florida. This was a case transaction. The sale was completed in148 days from signing of the contract to the closing of the deal. We wish the buyers lots of success. If you are interested in selling your business please...
October 26, 2020
Sold! Grocery Store in Jacksonville
Sold! Grocery Store Quorum Business Advisors recently arranged the sale of a Grocery store in Florida. This was a financed transaction but all cash to the seller. The sale was completed in 98 days from signing of the contract to the closing of the deal. We wish the buyers lots of success. If you are interested in selling your business...
October 26, 2020
Sold! Waterproofing Contractor
Sold! Florida based Waterproofing Contractor Quorum Business Advisors recently arranged the sale of a Florida based waterproofing Contractor. This highly regarded business sold for $700,000 and was financed though the SBA with some seller participation. The sale was completed in 104 days from signing of the contract to the closing of the deal. We wish the buyers lots of success....
October 22, 2020
Sold! Franchise Restaurant St. Johns
Sold! Fast Food Restaurant Quorum Business Advisors recently arranged the sale of a franchise fast food restaurant in St. Johns County. This transaction was all cash. The sale was completed in 47 days from signing of the contract to the closing of the deal. We wish the buyers great success. If you are interested in selling your business please contact...
October 22, 2020
Sold! Breakfast Cafe
Quorum Business Advisors recently arranged the sale of a breakfast and lunch Cafe in St. Augustine, Florida. This transaction was partially financed by the seller. The sale was completed in 28 days from signing of the contract to the closing of the deal. We wish the buyer great success. If you are interested in selling your business please contact Anthony...
October 22, 2020
Sold! Bar and Grill
Anthony John Rigney of Quorum Business Advisors recently arranged the sale of a popular Bar and Grill in Jacksonville. This transaction was financed in part by an SBA loan. The sale was completed in 97 days from signing of the contract to the closing of the deal. We wish the buyers great success. If you are interested in selling your...
October 22, 2020
Sold! Music Store
Sold! Music Store Anthony John Rigney of Quorum Business Advisors recently arranged the sale of a family run ice cream store in East Jacksonville. This was an all cash transaction. The sale was completed in 57 days from signing of the contract to the closing of the deal. If you are interested in selling your business please contact Anthony today....
October 22, 2020
Sold! Fast Food Restaurant
Anthony John Rigney of Quorum Business Advisors recently arranged the sale of a popular fast food franchise in St. Johns Country Florida. This was an all cash transaction. The sale was completed in 38 days from signing of the contract to the closing of the deal. If you are interested in selling your business please contact Anthony today....
October 22, 2020
Sold! Pizzeria Downtown
Anthony John Rigney of Quorum Business Advisors recently arranged the sale of a popular iconic Pizzeria in Downtown Jacksonville. This was an all cash transaction. The sale was completed in 68 days from signing of the contract to the closing of the deal. If you are interested in selling your business please contact Anthony today....