About Me

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St. Augustine, Florida, United States
Business Broker in historic St. Augustine, Florida. Holds Series 6 and 65 Investment Licenses. Former daily newspaper publisher, radio announcer, University of Georgia grad. Go Bulldogs!

Wednesday, September 5, 2012

6 Accounting and Tax Practices For Sale

Accounting and Tax Practices
Jon Hunt
jonhhunt@bellsouth.net

Accounting
Listing No. Location Category Detail Price Down Adj Net Sales
BBF-59355066 Volusia, Florida USA CPA Practice 300,000 100,000 271,145 559,198
BBF-74715834 Duval, Florida USA CPA Practice 850,000 186,250 347,798 882,046
BBF-41012004 Lake, Florida USA Tax Practice 65,000 65,000 28,709 103,311
BBF-75609126 Clay, Florida USA Tax Practice 125,000 80,000 76,189 106,189
BBF-95312006 Lee, Florida USA Tax Practice 220,000 175,000 39,102 171,890
BBF-90406242 Lee, Florida USA Tax Practice 275,000 41,250 133,034 365,058

Tuesday, September 4, 2012

Failure is Not the End

I didn't write this, but I think it is worth sharing. All too often we think of failure as a devastating event and of course it is in the moment, but years later we can look back on the event and see how it lead us on a different path or made us try event harder. Consider these "failures." *Michale Jordan was cut from his high school basketball team. He went home, locked himself in his room and cried. *Steve Jobs was devastated at age 30 when he was ousted from the company he started. He later returned to even great success. *The Beatles were rejected by Decca. They didn't like their sound. *Walt Disney was fired from a newspaper for lack of imagination and having no original ideas. *Oprah was demoted from a television anchor position because she wasn't suited for television. There are many other stories of very successful people who "failed." Obviously none of them gave up. We all face trials in business and we will almost certainly face failure. The key is to try to learn from the failure and come back stronger.

Friday, August 31, 2012

23 Duval County Restaurants and 18 in St. Johns County Currently Listed For Sale

Duval and St. Johns Restaurants
Jon Hunt
jonhhunt@bellsouth.net

Listing No. Location Category Detail Price Down Adj Net Sales
BBF-73909357 Duval, Florida USA Restaurants|Sub Shop 45,000 45,000 0 0
BBF-75609100 Duval, Florida USA Restaurants|Barbecue Restaurant 48,000 48,000 30,000 150,000
BBF-73909354 Duval, Florida USA Restaurants|Breakfast Lunch 58,000 58,000 0 0
BBF-74703349 Duval, Florida USA Restaurants|Latin Restaurant 59,900 40,000 42,960 155,000
BBF-74717373 Duval, Florida USA Restaurants|Breakfast Lunch 65,000 45,000 40,641 160,306
BBF-74703456 Duval, Florida USA Restaurants|Fast Food Franchise 75,000 75,000 25,070 201,439
BBF-74703340 Duval, Florida USA Restaurants|Pizza Shop 109,000 109,000 62,868 306,953
BBF-74717536 Duval, Florida USA Restaurants|Italian Restaurant 120,000 70,000 85,199 412,000
BBF-74703348 Duval, Florida USA Restaurants|Fast Casual 125,000 90,000 45,901 187,903
BBF-73900367 Duval, Florida USA Restaurants|Family Style 129,000 129,000 108,626 259,790
BBF-74703404 Duval, Florida USA Restaurants|Seafood Restaurant 175,000 175,000 85,477 847,042
BBF-74703177 Duval, Florida USA Restaurants|American Restaurant 179,000 179,000 83,384 502,000
BBF-75600111 Duval, Florida USA Restaurants|Fast Food Franchise 215,000 215,000 84,687 463,679
BBF-74703419 Duval, Florida USA Restaurants|Breakfast Lunch 225,000 100,000 70,166 168,000
BBF-75075003 Duval, Florida USA Restaurants|Brew/Pub 225,000 125,000 102,655 1,225,364
BBF-74703378 Duval, Florida USA Restaurants|Seafood Restaurant 249,000 249,000 109,500 485,300
BBF-16412236 Duval, Florida USA Restaurants|Fast Food Mall 250,000 125,000 115,389 362,713
BBF-74717631 Duval, Florida USA Restaurants|Barbecue Restaurant 300,000 200,000 142,558 961,031
BBF-74716747 Duval, Florida USA Restaurants|Specialty Restaurant 385,000 335,000 142,802 1,308,259
BBF-74703371 Duval, Florida USA Restaurants|Pizza Shop 399,000 399,000 302,760 1,410,000
BBF-74703413 Duval, Florida USA Restaurants|Italian Restaurant 399,000 399,000 302,760 1,410,000
BBF-74703447 Duval, Florida USA Restaurants|Breakfast Lunch 450,000 450,000 194,230 702,781
BBF-74703353 Duval, Florida USA Restaurants|Italian Restaurant 549,000 300,000 392,052 1,485,152

St. Johns

Listing No. Location Category Detail Price Down Adj Net Sales
BBF-74703344 Saint Johns, Florida USA Restaurants|Deli Restaurant 1,750,000 1,000,000 130,207 125,377
BBF-75611160 Saint Johns, Florida USA Restaurants|American Restaurant 1,595,000 800,000 320,220 1,400,000
BBF-72002143 Saint Johns, Florida USA Restaurants|Italian Restaurant 509,000 509,000 294,539 1,062,496
BBF-74703432 Saint Johns, Florida USA Restaurants|Cafe Type Eatery 449,000 449,000 177,297 404,833
BBF-74715831 Saint Johns, Florida USA Restaurants|Gourmet Dining 399,000 200,000 212,848 612,844
BBF-74703373 Saint Johns, Florida USA Restaurants|Fast Casual 395,000 275,000 218,126 1,246,800
BBF-74703375 Saint Johns, Florida USA Restaurants|Buffett 325,000 175,000 130,486 836,756
BBF-74717497 Saint Johns, Florida USA Restaurants|Specialty Restaurant 279,000 279,000 104,000 550,000
BBF-74717147 Saint Johns, Florida USA Restaurants|Diner 225,000 225,000 130,135 418,655
BBF-73900362 Saint Johns, Florida USA Restaurants|Breakfast Lunch 225,000 225,000 77,600 626,198
BBF-74703448 Saint Johns, Florida USA Restaurants|Coffee Shop/House 179,000 179,000 92,883 275,038
BBF-74717458 Saint Johns, Florida USA Restaurants|Pizza Shop 160,000 160,000 53,034 330,000
BBF-74715070 Saint Johns, Florida USA Restaurants|American Restaurant 125,000 75,000 66,807 350,692
BBF-76503427 Saint Johns, Florida USA Restaurants|American Restaurant 115,000 57,500 0 0
BBF-75600113 Saint Johns, Florida USA Restaurants|Fast Food-No Franchize 115,000 115,000 57,119 194,715
BBF-72002150 Saint Johns, Florida USA Restaurants|Breakfast Lunch 115,000 85,000 65,409 219,189
BBF-75351089 Saint Johns, Florida USA Restaurants|Cafe Type Eatery 44,500 44,500 45,930 83,079
BBF-75301089 Saint Johns, Florida USA Restaurants|Cafe Type Eatery 39,900 39,900 55,000 115,000

Thursday, August 30, 2012

Are You Ready to Buy a Business?



I frequently talk with "Buyers" who think they want to buy a business, but they really are just on the first step of the staircase.

If you are reading this Blog, then you have some interest in buying a business.

Here are a few suggestions to help you along the way.

1. Determine how motivated you really are. Are you only interested if the perfect opportunity comes along? If so, you'll probably never get there. No opportunity is likely to be perfect.

2. Are your expectations for revenue and profit realistic. If you want to buy a business for $25,000 that will pay you $100,000, then "No," your expectations are not realistic.

3. Do you understand what the term "Seller's Discretionary Earnings" or "Owner's Benefits" means and how it's calculated. You need to know. This video is for business owners, but it provides and explanation and example. Seller's Discretionary Earnings

4. Do you have an idea of what types of businesses will match your skill set?

5. Do you have the financial capability to buy a business? You may not need the full purchase price. Owner financing and SBA backed loans are possible, but in all cases you will need to have some cash available for the investment.

If you are motivated, have realistic expectations and know your strengths and weaknesses you might just be ready to own your own business.

I can help you find a businesses that is right for you and guide you through the process.

Jon Hunt
Senior Associate
Florida Business Exchange


Wednesday, August 29, 2012

Help Available For Women Who Own Businesses

The Jacksonville Women' Business Center is beginning the annual program, Business Advisory Councils, which is a facilitated peer-to-peer mentoring program, designed like a CEO roundtable.

Groups are available downtown, at the beaches and in St. Johns and Clay counties.  Women are placed in a group based on annualized revenue, but there is a group which would accommodate a start-up or relatively new business. 

The groups meet once a month for about 2-3 hours and each group has 8-12 women participants.  Fees for the program start around $200/year.

Contact me if you are interested and I'll put you in contact with the coordinator.

Jon Hunt
Senior Associate
Florida Business Exchange

jonhhunt@bellsouth.net

Great Real Estate Brokerage For Sale

Real Estate Brokerage offices don't often come on the market and this is a great Florida opportunity.

This is a very well known national franchise.

The agency has more than ten agents and in addition to handle real estate sales they have more than 50 residences under property management agreements ensuring a monthly revenue stream.

This is a great opportunity for a brokerage to expand or for an experience agent to move up to owning their own firm.

Contact me for details.

Jon Hunt
Senior Associate
Florida Business exchange

jonhhunt@bellsouth.net

Tuesday, August 28, 2012

How to determine the value of a business

If you are curious about the value of your business there are a couple of good ways to determine the value.

The first is an independent third party evaluation. The advantages of this solution is that it is a solid number. There are, however, a number of disadvantages. 1. There is a cost. 2. It has a very limited lifespan. As your revenues and expenses vary so may the value of your business. 3. It will take a little time in accumulating all the data necessary for the computer to crunch the numbers.

The second way is for a business broker to provide an opinion of value. This doesn't mean he or she will simply take a look at your P&L or tax return and say, "Um...looks like $125,000 to me." In Florida members of the Business Brokers of Florida have the benefit of having data on thousands of business sales. So we can work with you to determine the true benefits of owning your business. We can then compare your results to those of similar businesses that have sold. In the end I can tell you that no business similar to yours has ever sold for less than X dollars or more than Y dollars.

If the value range isn't where you want it to be I may also be able to pinpoint areas in which your expenses are out of the norm. Is your Cost of Goods sold too high? Perhaps it's the rent as a percentage of revenue?

There is one big advantage to this system. There is no cost or obligation. I provide this as a service to clients and potential clients. All it takes is a phone call or email to get the process started.

The disadvantage of this process it is that is only an opinion of value, but it is based on facts. The more accurate your numbers and the larger the sample of similar businesses the higher the likelihood that the opinion is on target.


Give me a call and let's talk about your business.


Jon Hunt
Senior Associate
Florida Business Exchange