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Use Your IRA or 401K To Buy A Florida Business

Florida Is Open For Business

Over thirty years ago the ERISA Act created IRAs and 401(k) plans to allow investors to control their retirement savings, in contrast to traditional pension plans.

Besides investing in stocks, bonds and mutual funds, tax payers can also use these savings – which are excluded from taxes – toward financing their own business.

Using retirement funds to start up or purchase a business has become more popular since 2001, when the dot-com bubble burst and made stocks less attractive and sent hundreds of downsized executives out looking for something else to do.

Today, more and more taxpayers are cashing in their retirement accounts and placing these funds into a very specific type of trust that provides the beneficiary with the ability to use this money to make an equity contribution in a business in exchange for the trust holding a relatively high percentage of ownership in that business.

These people feel that they can get a greater return on their life savings by investing in their own business and adding in some sweat equity, and end up with a larger nest egg upon retirement.

These trusts are being organized so they can comply with the rules of the Employee Retirement Income Security Act (ERISA) and be classified as a Qualified Trust so they can receive certain benefits under the rules of the Internal Revenue Service.

One of these benefits is that the individual who withdraws his or her retirement money from a recognized tax-exempt retirement plan, like a 401(k), will not be subject to any IRS penalties for early withdrawals.

Another benefit is the opportunity to start a business debt-free by not having to borrowing start up capital and having the burden of note and interest payments. When startup companies are financed with equity from outside sources it can be the most expensive avenue of financing because the company is worth so little.

Let a Business Broker help you. Would you like to buy a business? View our 2,500 Florida business listings at: www.FLORIDABusinessOpportunities.com

Florida Is Now Open

Almost back to normal here with one large positive consequence – GREAT OPPORTUNITIES. The federal government’s response to the global pandemic brings discounted business acquisition rates for entrepreneurs from the SBA as well as reasonable business purchase prices.

Owners are selling their businesses now because they just want to retire early or are unable to deal with the new normal – a perfect time for you.

Many businesses such as retail and services, are actually thriving, as people regularly rely upon them to fulfill their needs. As the economic landscape keeps changing, many find themselves in an ideal position for future growth.

Some that have performed well include essential retailers, grocery stores, liquor stores, cleaning services providers, laundry, health care, a/c installations, pool services and auto repair.

Today’s market conditions present an incredible opportunity to buy a business. We can guide and help you navigate these turbulent waters in today’s economy. Over 2,000 current listing are available now:


Current Business Listings For Sale In FLORIDA

Florida Businesses On Sale

GREAT OPPORTUNITIES NOW! The federal government’s response to the global pandemic brings discounted business acquisition rates for entrepreneurs from the SBA and help with PPP loans and grants.


Many Floridians are selling their businesses because they just want to retire early or are unable to deal with the new normal. A sale can sometimes provide an owner’s non-existent cash flow business an exit route out.


While many businesses have been struggling to adapt to these new issues created by the COVID-19 pandemic, some industries, such as retail and services, are actually thriving, as people regularly rely upon them to fulfill their needs. As the economic landscape keeps changing, many find themselves in an ideal position for future growth. Some that have performed well include essential retailers, grocery stores, liquor stores, cleaning services providers, laundry, health care, a/c installations, pool services and auto repair.


For those who could withstand a short period of downtime, today’s market conditions present an incredible opportunity to buy a business. We can guide and help you navigate these turbulent waters in today’s economy. Over 2,000 current listing are available now:


Current Business Listings For Sale In FLORIDA

Why Buy A Florida Business

Why start up a Florida business from scratch or buy a franchise and start that up from scratch, when you can buy an existing business and start successful, with a built-in, steady income right away? There are excellent opportunities within business acquisition for individuals.

Aging business owners are ready to get out.  These owners hope to find the right new owner to carry on their business legacy. When smart people acquire existing businesses, they minimize risk, increase cash flow, and can immediately start bringing home a reliable income. Choosing the path of business acquisition may be especially important during times of uncertainty when starting up many types of businesses can be most risky.

Many businesses have been running successfully for years. The founding owners have worked out the kinks.  They have recruited and developed some of the best talents in the industry, created excellent systems and processes, and have developed a reliable income stream. Often the best businesses on the market have also been pre-qualified for SBA lending. What does this mean to you, the buyer?  It means that business can be acquired for as little as 20% down or in some cases, even 10% down. These are exceptional business opportunities that make sense for savvy would-be business owners.

WHAT MAKES A SUCCESSFUL OWNER?

Buyers come from all types of backgrounds. Many are corporate refugees looking to transfer their skills into running their own business. Other buyers have served their country in the various branches of the military.  They now seek to apply their considerable talents to the world of entrepreneurship. Additionally, international buyers have often saved for years, specifically for the opportunity to buy a business that will help them get a visa and move to the U.S.

Another factor is the skills and talents a buyer brings to a new business venture.  Buyers who have developed a variety of talents and skills in one industry are often successful transferring those skills into an industry that is brand new to them.

WHERE DO YOU START? 

So, you have special skills and abilities, and you have decided that you want to be your own boss.  Now what?  Well, you start by looking at the top businesses for sale in the marketplace. Open yourself up to pursuing an industry and opportunity that engages your interest. Don’t limit yourself to only those sectors that you have experience in, branch out, and explore other possibilities. Your skills and abilities are transferable to many different industries, think outside the box!

STARTUP, FRANCHISE, OR EXISTING BUSINESS?

Many startups and new franchises fail to become sufficiently profitable, so the investor is forced to give up. Acquiring an existing business is often an ideal method of becoming a successful business owner. For most of us, having a steady income right away is essential.  This is especially true for people with families, or for anyone who has expenses like mortgages or rent, car payments, braces for their kids, or really, for anyone who likes to eat on a regular basis. Let’s be real, most of us need a reliable income right away, so doesn’t it make sense to start with an established business if you are not creating something new or innovative?

BE CHOOSY WHEN SELECTING A BUSINESS.

Not all businesses on the market have excellent records or even good records. Do your research. Be open to choosing an industry that truly captures your interest. If you are looking at getting into an industry that you don’t have much experience in, look for ones that have profit and loss statements and tax returns that support the seller’s claims. Look at businesses that are SBA pre-qualified and only require a small percent down.

Being a business owner doesn’t mean you have to start up from scratch or pay a good portion of your hard-earned profits to a franchisor. There are many great businesses out there that are ready and waiting for a new owner to come in and take them to the next level!  Check out all the different types of businesses that interest you, then select the one that is right for you.  So, don’t start up, start successful if that is what you like!

View Florida listings at: www.FLORIDABusinessOpportunities.com

COVID-19 BizBuyAlert For Florida Businesses

Waking up from this pandemic nightmare is going to take time. The world’s gradual adjustments to the post COVID-19 lifestyle will have one positive consequence – GREAT OPPORTUNITIES. The federal government’s response to the global pandemic brings discounted business acquisition rates for entrepreneurs.
Many Floridians are selling their businesses because they just want to retire early or are unable to deal with the new normal. A sale can sometimes provide an owner’s non-existent cash flow business an exit route out.
While many businesses have been struggling to adapt to these new issues created by the COVID-19 pandemic, some industries, such as retail and services, are actually thriving, as people regularly rely upon them to fulfill their needs. As the economic landscape keeps changing, many find themselves in an ideal position for future growth. Some that have performed well include essential retailers, grocery stores, liquor stores, cleaning services providers, laundry, health care and auto repair.
For those who could withstand a short period of downtime, today’s market conditions present an incredible opportunity to buy a business. We can guide and help you navigate these turbulent waters in today’s economy. Over 3,000 current listing are available now:
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Is Now The Time To Purchase A Florida Business For You?

Simple Steps To Buy A Florida Business

Your Six Steps To Success To Buy A FLORIDA Business:

  1. Commit to a deadline for buying a business opportunity (not just “looking” for one).
  2. Set aside time everyday to work on this project.
  3. Organize your finances.
  4. Work on determining what type of business will thrive from your strengths and not suffer from your weaknesses.
  5. Seek professional advice from a qualified business broker whom can help you in this process.
  6. Unless you have a wealth of experience buying businesses, then educate yourself about this process. Learn as much as you can. When it comes to investing in your future, you can never know too much!


Determine Your Investment Level

Determine with absolute certainty how much of your own cash you are prepared to invest. Forget any relatives who may have promised that they’ll “back you.” When the time comes to lay down the money, chances are they won’t be around.

Don’t bother looking at businesses that are unaffordable. Over 60% of small business purchases involve seller financing. Generally, this is 20% – 40% of the purchase price. If you have $100,000 to invest, don’t look at businesses that will sell for $500,000. It’s OK to dream, but be realistic.

Also, take the time to sit down with an Business Broker or SBA specialist to research all avenues for your financing if you have good credit. FLORIDA Business Opportunities is ready to help you now. View our thousands of listing today atwww.FloridaBusinessOpportunities.com

Buying A Florida Business NOW In 2020

Are you the average Florida business buyer? You are if you are frustrated trying to buy a Florida business. More than 90% of people who want to buy a small or midsize company are discouraged. They are sick and tired of the puffery, the overpriced businesses, the losers masquerading as wannabe winners “with potential.”  This economy now will make some of these businesses look even better to purchase!

Most of these people give up trying to buy a business, despite the fact that business ownership is one of the safest and most profitable ways to earn income and build net worth. They quit because they are not willing to settle for a mediocre deal. Worse, too many buyers purchase the wrong company or they buy the right company the wrong way. Yet, there is an abundance of mature, fairly priced companies for sale by-owner on the hidden market.
We can show you how to find and buy them. We are Florida’s Business Brokers. These are troubled waters now so let us help you through these turbulent times. 

View thousands of Florida business for sale listings at:  www.FLORIDABusinessOpportunities.com

Next Few Years Is A Good Time To Buy A Business

As America’s population gets older … many Florida businesses will change hands in the coming years. Just as the workforce is aging, the ranks of business owners are grayer on average.
A lot of owners are mulling how and when to sell. A quarter of business owners are over 60, a figure that will grow once all of the members of the baby boom generation reach retirement age. Lots of them intend to sell relatively soon … as many as half aim to do so in the next five years.
.
But relatively few have an exit plan in place.
Let’s look at taking advantage of opportunities to buy a business from the anticipated barrage of companies that will be on-the-market soon.
As a prospective buyer there will be a bonanza of business acquisitions taking place in the next five years. FBO is beginning to see this activity pick up. Now is the time to start that looking process.
View our 1000’s of Florida Businesses For Sale at: http://www.FloridaBusinessOpportunities.com

Buy A Florida Business With Your IRA or 401K

Over thirty years ago the ERISA Act created IRAs and 401(k) plans to allow investors to control their retirement savings, in contrast to traditional pension plans.

Besides investing in stocks, bonds and mutual funds, tax payers can also use these savings – which are excluded from taxes – toward financing their own business.

Using retirement funds to start up or purchase a business has become more popular since 2001, when the dot-com bubble burst and made stocks less attractive and sent hundreds of downsized executives out looking for something else to do.

Today, more and more taxpayers are cashing in their retirement accounts and placing these funds into a very specific type of trust that provides the beneficiary with the ability to use this money to make an equity contribution in a business in exchange for the trust holding a relatively high percentage of ownership in that business.

These people feel that they can get a greater return on their life savings by investing in their own business and adding in some sweat equity, and end up with a larger nest egg upon retirement.

These trusts are being organized so they can comply with the rules of the Employee Retirement Income Security Act (ERISA) and be classified as a Qualified Trust so they can receive certain benefits under the rules of the Internal Revenue Service.

One of these benefits is that the individual who withdraws his or her retirement money from a recognized tax-exempt retirement plan, like a 401(k), will not be subject to any IRS penalties for early withdrawals.

Another benefit is the opportunity to start a business debt-free by not having to borrowing start up capital and having the burden of note and interest payments. When startup companies are financed with equity from outside sources it can be the most expensive avenue of financing because the company is worth so little.

Let a Business Broker help you. Would you like to buy a business? View our 4000+ Florida business listings at: www.FLORIDABusinessOpportunities.com

A Few Steps To Buy A Florida Business

Buying a Business in A Few Steps

  1. Figure out what you’re interested in and the kind of business you’re looking for with the capital you have available with a Business Broker to help you with the items below.
  2. Determine with them if the business will succeed by assessing the current assets of the business and what you’ll need to invest.
  3. Understand why the business is for sale to determine any risks.
  4. Review the business’s financials to determine if buying it aligns with your budget and goals.
  5. Evaluate the price of the business with one of three approaches: earnings vs asset vs market approach.
  6. Secure the additional capital needed to make the purchase.
  7. Do your simple due diligence before making an offer.
  8. Close the deal with the appropriate documents (bill of sale, adjusted purchase price, leases, etc.).