Retiring baby boomers are the No. 1 reason that entrepreneurs are putting up their Florida businesses for sale according to a nationwide survey. As this generation moves into retirement, it allows young entrepreneurs the opportunity to buy an existing business rather than start one from the ground-up.
“Many boomers would have sold in 2009 or 2010, but they were blindsided by the recession and had to hold on much longer than expected,” said Berkowitz Acquisitions President Barry Berkowitz. The first of the baby boomers are now 67 years old.
If you are thinking about buying one of the existing Florida businesses for sale, it is important to do an analysis of the business to see if it has been profitable in the past and to determine whether or not it will be profitable in the future. This includes making sure the business has good financials and a solid customer base.
Boyer Law Firm has helped entrepreneurs of all ages buy existing businesses. Our business law and real estate law attorneys can assist you with everything from the analysis of the business to the initial contract, through the closing of the sale, and even with business advice and expertise to help you continue to run the business after you have purchased it.
Source: Florida Today