Florida is the right choice for business ownership!
After spending year after year vacationing in North Florida, then finally making it home, I can say with confidence that buying a business in Florida is one of the best decisions you’ll make. There aren’t many other locals in the US where you can experience beautiful weather year-round, a booming tourism industry, and a thriving real estate market and economy (not to mention amazingly gorgeous sugar-white beaches) all in one place.
So my first words of advice are, “go for it!”
Once you’ve decided that Florida is the place, the next step is to find a business broker to guide you through the process. And you don’t want just any business broker. You want one you can communicate with directly, someone who knows the market well, and most importantly, someone who clearly understands your interests, goals, strategy and expectations.
Emerald Coast Business Brokers is that team.
At the beginning of the process of buying a business in Florida, the advisor who is assigned to you will determine your needs by asking several questions including:
- Why do you want to buy a business?
- What type of business would you like to buy?
- What prior experience do you have in managing a business?
- What has been your career path?
- Is there anything you’ve always wanted to do that doesn’t feel like work?
- How long do you plan to own the business?
- How do you plan to finance the business?
- What is your purchase timeline?
- What is your ideal location for owning a business?
- What size businesses are you interested in buying?
With this information, we can then help you discover potential businesses that meet your needs. Once you identify a specific business that you are interested in, we will then walk through the important process of evaluating the business. Through this process we will provide things like financial records for review, a list of assets and inventory, property and equipment lease agreements (and related documents), loan and debt schedules, service contracts, key vendors, and key employees.
As you can see, buying a business in Florida can be a complicated process, but it is certainly made easier through the expertise of a qualified business broker who is familiar with the market.
If you have questions about buying a business in Florida, or you are ready to get the process started, contact us today for a confidential consultation. We look forward to helping you make your dreams come true!