Mark Stiles sits down with Adam Bauer of The Business Exchange to learn how business brokers help buyers step into their dream jobs and sellers get the most out of the time and effort they put into their companies. Reach Adam at 508-790-4500 or abauer@tbxll.com! Listen on Spotify Listen on Podbean Listen on Apple Podcasts Listen on Amazon Music Listen on Stitcher Listen on IHeart … [Read more...]
Busy Pub & Tavern in Grocery Anchored Center
September 1, 2022
Upper Cape Cod, MA Asking Price:$95,000 Established:1982 Asset Sale Description This truly turn key location is ready for your concept. Operating since the 80s this pub/tavern boasts 120 seats with abundant dedicated parking. Located in a grocery anchored center the location is accommodating for a multitude of concepts. Approximately 4,800 +/- sq ft of space with well equipped kitchen in excellent condition. Historical 7 figure revenues, $1.5M revenue. Asset sale only , trade name is not included with the sale. Detailed Information Location: Sandwich, MA Facilities: 4800 SF Financing: Negotiable Support & Training: Negotiable Reason for Selling: Owner consolidation Email John Nessel at jnessel@tbxllc.com for more information … [Read more...]
Upper Cape Cod Sports Bar & Family Restaurant
January 26, 2022
Asking Price:$295,000 Cash Flow:N/A Gross Revenue:$1,800,000 EBITDA:N/A FF&E:$175,000 Inventory:N/A Rent:$6,500 per Month Established:2013 Business Description Upper Cape Cod, MA - Tremendous opportunity to acquire a fully fit up thriving Cape Cod sports pub and family restaurant. This restaurant managed quite well through pandemic shut downs with their famous to-go menu. The restaurant offers 5500 SF space which was part of a seven figure renovation in 2013. Large kitchen with all new equipment, inviting bar and seating for 157. Sales food vs beverage is 80/20. Trade name excluded, bring your concept to this location that cranks out big volume! Detailed Information Location: Barnstable County, MA Real Estate: Leased Building SF: 5,500 Lease Expiration: N/A Employees: 20 Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: 5500 SF, end cap retail plaza with … [Read more...]
Frozen Yogurt – Ice Cream – Smoothie & Nutrition Bar
February 2, 2021
Weymouth, MA - Presently being run as a self serve frozen yogurt bar. However, this location is optimal for the addition of coffee or juice. Plenty of free parking in busy Columbian Square: steps from South Shore Hospital, Cameo Theater and Rte 3 and Rte 18. Offering a tremendous state of the art fit out space with new equipment and under market lease. All the heavy lifting has been done. Owner can expand menu: nutrition, bubble teas, desserts, gourmet coffee and teas. Wired for Turbo Chef to add hot items Training and orientation available. Seller financing negotiable!Size: 1,150 SF Seats: 20 seats Rent: $1,735 per month (incl water & trash) asking price: $75,000 email info@tbxllc.com for more information … [Read more...]
Award Winning Seafood Restaurant & Oyster Bar
January 1, 2021
Business Description Prime Cape Cod location with excellent foot traffic and abundant direct access parking. Inviting 2200 sq. ft. dining area with seating for 110, a full-service bar and private function room. Well established loyal year around clientele. Friendly relaxing atmosphere. Award winning restaurant voted best seafood five years running, with top Zagat rating. Featuring locally sourced seafood, shellfish, produce & meats and complimented by an extensive wine list. Consistent revenue of $1.6M +! Favorable long-term lease, and seller will train and assist with transition with sale. Detailed Information Location: Barnstable County, MA Inventory: Not included in asking price Real Estate: Leased Building SF: 2,450 Lease Expiration: $5800/mo Employees: 22 Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: Inviting 2,200 SF ground floor space with 250 SF private function room that seats … [Read more...]
Negotiating the Price Gap Between Buyers and Sellers
June 19, 2020
Sellers generally desire all-cash transactions; however, oftentimes partial seller financing is necessary in typical middle market company transactions. Furthermore, sellers who demand all-cash deals typically receive a lower purchase price than they would have if the deal were structured differently. Although buyers may be able to pay all-cash at closing, they often want to structure a deal where the seller has left some portion of the price on the table, either in the form of a note or an earnout. Deferring some of the owner’s remuneration from the transaction will provide leverage in the event that the owner has misrepresented the business. An earnout is a mechanism to provide payment based on future performance. Acquirers like to suggest that, if the business is as it is represented, there should be no problem with this type of payout. The owner’s retort is that he or she knows the business is sound under his or her management but does not … [Read more...]
Tackling Growth Delusions When Buying a Business
December 24, 2019
There is no doubt about it, it can be exciting to buy a new business. However, in the process, it is very important that you don’t become unrealistic about future growth. Keep in mind that in the vast majority of cases, if a business is poised to quickly grow substantially, the seller would be far less interested in selling. Richard Parker’s recent article for Forbes entitled “Don’t Be Delusional About Growth When Buying a Business” seeks to instill a smart degree of caution into prospective buyers. Parker notes that when evaluating a business and talking to the owner, many buyers come away with a sense that enormous growth is just “sitting there” waiting to be seized. In particular, Parker cautions those buyers who are buying into an industry that they know nothing about; those individuals should be very careful. When buying into an industry where one has no familiarity, there can be a range of problems. The opportunities that you see may not have been tapped into by the … [Read more...]
Effectively Utilizing Confidentiality Agreements
October 26, 2019
Every year countless great deals, deals that would have otherwise gone through, are undone due to a failure to properly utilize and follow confidentiality agreements. A failure to adhere to this essential contract can lead to a myriad of problems. These issues range from employees discovering that a business is going to be sold and quitting to key customers learning of the potential sale and taking their business elsewhere. Needless to say, issues such as these can stand in the way of a sale successfully going through. Maintaining confidentiality throughout the sales process is of paramount importance. Utilizing a confidentiality agreement, often referred to as a non-disclosure agreement, is a common practice and one that you should fully embrace. There are many and diverse benefits to working with a business broker; one of those benefits is that business brokers know how to properly use confidentiality agreements and what should be contained within them. By using a … [Read more...]
The Variety of Variables Involved in Selling Your Business
September 21, 2019
Selling a business is more than a big decision, as it is also quite complex. Finding the right buyer for a business is at the heart of the matter. In the recent Forbes article, “Ready to Sell Your Business? Follow These 3 Tips to Find the Best Buyer,” author Serenity Gibbons outlines that selling a business is a multifaceted process with a lot of moving parts. A central variable for those looking to sell a business is to have a coherent and well thought out exit strategy in place. She points out that at the top of your to-do list should be selling your business the right way, and that means having a great exit strategy in place. In fact, many experts feel that you should have an exit strategy in place even when you first open your business. Another key variable to keep in mind is that, according to Gibbons, only an estimated 20% to 30% of businesses on the market actually find buyers. This important fact means that business owners, who usually have a large percentage of their … [Read more...]
How Employees Factor into the Success of Your Business
June 29, 2019
Quality employees are essential for the long-term success and growth of any business. Many entrepreneurs learn this simple fact far too late. Regardless of what kind of business you own, a handful of key employees can either make or break you. Sadly, businesses have been destroyed by employees that don’t care, or even worse, are actually working to undermine the business that employs them. In short, the more you evaluate your employees, the better off you and your business will be. Forbes’ article “Identifying Key Employees When Buying a Business”, from Richard Parker does a fine job in encouraging entrepreneurs to think more about how their employees impact their businesses and the importance of factoring in employees when considering the purchase of a business. As Parker states, “One of the most important components when evaluating a business for sale is investigating its employees.” This statement does not only apply to buyers. Of course, with this fact in mind, sellers … [Read more...]