I am a Florida Business broker working with business owners selling their Florida businesses, and business owners and individuals looking for acquisitions. Prospective business buyers I work with are located in Florida, US., and Business buyers in Europe and throughout the world.
As a member of Business Brokers of Florida, which is the largest state Association of Business Brokers in the United States we have access to significant data regarding businesses being bought and sold. Thousands of businesses for sale are represented by over 1,000 business brokers that are members of this Association.
These business brokers list their respective businesses for sale and prospective business buyers on a centralized listing site and buyers and sellers of businesses are brought together. Several thousand businesses for sale are listed, modified, and advertised thru this website. Valuable information regarding Florida business for Sale and Florida Businesses Sold help me as a Business Broker Professional keep track of the ebb and flow of the Florida Business Acquisition Market.
Understanding a business to assist in selling that business requires an understanding of the numbers behind that business. And understanding the marketplace in which this business may be sold is furthered by a review of the data surrounding businesses being bought and sold in Florida. The below are more or less 100 facts, statistics, totals, and items of note surrounding the business acquisition and sales market in the State of Florida. Other businesses are bought and sold without the assistance of members Business Brokers of Florida, and that info is not included in this analysis. All of these numbers are as of today August 15th, 2012….
- There are approximately 3020 Florida Businesses for Sale
- There are approx. 100 Florida Business For Sale that have both a net income of $100k or more and require no more than a $100k Net income
- Of the 3000 plus Florida Businesses For Sale 17 have a Net Income of $1M
- Of the 3000 plus Florida Businesses for Sale 1142 have Net Income greater than $100k
Below are actual businesses currently for Sale in Florida- in North Florida (Jacksonville Florida) , Central Florida (Orlando area) and South Florida (Miami area)
| Automotive | ||||
| Location | Category Detail | Price | Adjusted Net | Sales |
| Orange, Florida USA | Fleet Service | 290,000 | 172,108 | 301,166 |
| Cleaning/Clothing | ||||
| Location | Category | Price | Adjusted Net | Sales |
| Orange, Florida USA | Dry Cleaners | 325,000 | 118,650 | 548,952 |
| Construction | ||||
| Location | Category Detail | Price | Adjusted Net | Sales |
| Orange, Florida USA | Contractor Electric | 138,967 | 1,095,531 | |
| Medical Related | ||||
| Location | Category Detail | Price | Adjusted Net | Sales |
| Orange, Florida USA | Medical Equipment | 265,061 | 1,332,620 | |
| Motorcycle | ||||
| Location | Category Detail | Price | Adjusted Net | Sales |
| Miami-Dade, Florida USA | Motorcycle Dealership | 125,000 | 100,515 | 900,816 |
| Restaurants | ||||
| Location | Category Detail | Price | Adjusted Net | Sales |
| Orange, Florida USA | Italian Restaurant | 114,900 | 120,399 | 555,708 |
| Orange, Florida USA | Pizza Shop | 114,900 | 120,399 | 555,708 |
| Orange, Florida USA | Breakfast Lunch | 140,000 | 118,366 | 229,417 |
| Orange, Florida USA | Pizza Shop | 150,000 | 104,901 | 331,710 |
| Miami-Dade, Florida USA | Ethnic Restaurant | 159,000 | 116,000 | 540,000 |
| Footwear | ||||
| Location | Category Detail | Price | Adjusted Net | Sales |
| Duval, Florida USA | Shoes Repairs | 139,000 | 124,915 | 198,350 |
500 plus business have been sold in Florida thru Business Brokers of Florida YTD
| Averages of 500 plus Businesses Sold in Florida thru 8/15/2012 | ||||||
| Sales | Sold Price | Adjusted Net | Adjusted Net/Sales | Sell Price Multiple | Down Pmt % | Days To Sell |
| 568,938 | 210,785 | 108,003 | 0.255 | 1.478 | 81.30% | 225 |
The days it takes to sell a business “Days on Market” Does not include all businesses that attempt to sell and dont. Not all businesses that attempt to sell do result in that business being sold. The average Selling Price of the 500 + businesses sold in Florida was about $201k. What is Your business worth?Notes on these above numbers:
- The average of businesses sold- sold at about 1.5x the annual adjusted Net.
- The above averages include businesses (less than 10%) are businesses that may include real estate in the Sold price
- The average business earned (their Adjusted Net ) was about 25% of their Sales- What is yours?
Every Business is different. Looking to Sell your Business? Do you consider your business “average”? Looking to Buy a Florida Business? Should you pay an “Above average” Price for a Below Average Business?
Source of current information above: Business Brokers of Florida