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

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.

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

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

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

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