Call or Text 954-261-4907
Call or Text 954-261-4907
Earning Your Trust Since 1992
We have been privileged to work with business owners just like you
since 1992. Each owner and each business is unique, and we take the time
to understand your requirements, such as retirement or relocation, and educate you about what to expect
with each step of the listing and sales process.
Rhonda@mclanebusinessbrokers.com
Professional Associations
Broker Rhonda McLane is a proud member of International Business Brokers Association. The IBBA is the world's largest professional community of business intermediary specialists. IBBA members are highly skilled in all aspects of M&A and business brokerage.
Additionally Rhonda is a long-time member of Business Brokers of Florida and a multi-year recipient of their Million Dollar Sales Award. BBF is the largest professional co-broking association in the country. Learn more about Business Brokers of Florida https://bbfmls.com/
Connect with Rhonda via LinkedIn
https://www.linkedin.com/in/rhonda-mclane-34749117/
When you trust Rhonda to SELL YOUR FLORIDA BUSINESS you benefit from both her decades of personal brokerage experience as well as her deep network such as business and immigration attorneys, industry experts, lenders, financial planners and tax professionals.
Rhonda@mclanebusinessbrokers.com
Hiring Rhonda McLane to sell our business proved to be an excellent return on our investment. Rhonda was extremely knowledgeable, detailed oriented and provided us with A+ personalized service. She is very experienced and possesses in-depth knowledge and contacts in the industry which translated into us receiving our first offer within 2 weeks of putting the business on the market. Rhonda’s personalized services included walking us through the sales process step-by-step, preparing the information contained in the listing, responding to due diligence requests, dealing with landlord negotiations, coordinating with the closing agent, and navigating any unforeseen bumps along the way. Rhonda’s work ethic, tenacity and professionalism were the primary reason we were able to close on the sale of our business during the uncertainty of COVID-19. We highly recommend Rhonda’s services to anyone looking for a business broker that will work for you 100%.
Jessica Davis
It was a pleasure to have been represented by Rhonda McLane as a realtor in the process of selling our business. Rhonda has proven to be very professional in her career and is an example of organization, discipline, good communication, good education, and excellent knowledge in her work. She represents the values of a professional dedicated to always doing the best. Yes, we were very pleased with her representation in the sale of our Miami business.
Thank you Rhonda.
Mario Pujals
Dear Rhonda, I am highly grateful for your extensive knowledge and high level of professionalism. Having you by my side at the negotiation table was truly being on a negotiation team where my interest mattered. I could never have achieved such a successful closing at this satisfactory level without your help. Thanks again for your friendship and cooperation. Always a pleasure doing business with your help!
Thank you,
Payman Zolriasatin
Should I sell my business?
"Why" and "When" Considerations for a Business Sale
Deciding when to sell your business involves careful consideration,
advance planning, and professional advice. Here are several items for your consideration if you are deciding if the timing is right for you to sell your Fort Lauderdale, Miami or West Palm Beach business.
Rhonda at McLane Business Brokers is here to help you every step of the way.
Rhonda@mclanebusineebrokers.com
RETIREMENT
By far, the biggest reason that people want to sell their business is retirement. They reach a certain age and they want to relax. After decades of pouring their heart and soul into nurturing their business, they are ready to live life at a slower pace. In most cases, these individuals have no adult children who are interested in continuing with the business, and selling to the right buyer will allow them to fund their retirement and to rest assured that the business will live on and their loyal employees will be taken care of in the transition.
Selling to retire is common but not simple. Be sure to discuss the idea with a CPA who understands your entire financial picture. A good CPA coupled with an experienced business broker like McLane Business Brokers can structure the sale in a way that saves a seller as much as possible in taxes and protects their funds to ease into their retirement years comfortably.
NEW OPPORTUNITIES
It’s also possible that an owner may just be looking for new opportunities. So called "serial entrepreneurs” often sell simply because they are ready for a change, a new challenge. They’ve gone as far as they can with their current business and they have a new idea they want to try out. After all, Elon Musk is perhaps best known for his work with Tesla, but he’s also been known to spend some time looking at the stars and burrowing underground.
The point is, it’s very common for someone to start a company, build it up, and then sell it before moving on to a new project. If this type of entrepreneur sounds like you, CONTACT US. We have the resources and expertise to sell your current business and help you move into your next acquisition.
Prefer to jump into checking out listings for PROFITABLE FLORIDA BUSINESSES? Follow the link to find your next business adventure.
RELOCATION
It’s also very common for business owners to relocate because of family, which often involves moving to another area of the country. Their spouse may have a great job opportunity in another state or their child gets accepted into an out of state college. Perhaps an owner moves their family closer to elderly parents.
HEALTH CONCERNS
Changes to health can be another big motivator to sell a business. Oftentimes, business owners get to an age where they can’t handle the physical labor involved in their business anymore. If there is no one capable of picking up the slack, the business could be negatively affected. This may prompt them to start thinking about selling their business.
INCREASE IN BUSINESS VALUE
There are other situations where the owner has no thought of selling their business -- that is, until they hear an offer that piques their interest and it becomes clear that the benefits from selling outweigh the overall cost of continuing to run the business themselves. (Check out WHAT'S MY BUSINESS WORTH? here or below.)
A time-tested standard is that the best time to sell a business is when it’s doing well - sales are up, the economy is stable, strong management is in place, all systems humming along nicely. In virtually every case, that is when you’ll receive the highest offers.
In order to determine if a deal is worthy of consideration, the you will need to compare the offer against your current annual net and the projected amount you expect earn in the future.
ADVERSITY TO RISK
In the beginning stages of a business, it’s common for owners to take risks because they simply don’t have much value in their companies to lose. When they take educated gambles, they often enjoy fast growth and big financial rewards.
However, as the company grows, its value increases. This often causes owners to become more conservative in how they do business. However, if they pump the brake too often they may risk losing what made them successful in the first place. Moreover, older owners become more risk-averse because they simply don’t have the time to correct the ship if it goes too far off course.
KEY TAKEAWAYS
- Anyone who owns a business should be cognizant of timing their exit properly, whether you are planning for retirement, you receive an offer that is just too good to turn down, or you experience a life change that makes the choice obvious.
- Plan for a future sale now to determine an exit plan and be ready to execute it when your company is at its maximum value, that next opportunity occurs, or the conditions are favorable.
- Your Business Sales Specialist Rhonda McLane has worked with many business owners who are looking for a change for a variety of reasons. She works diligently to find the right buyers who are ready, willing and able to purchase your business.
Rhonda@mclanebusinessbrokers.com
Exit Planning? We Can Help!
WHAT'S MY BUSINESS WORTH?
Let's address most owner's primary question: What's My Business Worth?
Businesses typically sell for a multiple of their annual net profit. However many other factors are used to help determine the proper valuation for a business, and this is where using seasoned professionals such as McLane Business Brokers is of great value.
Age and condition of the assets being conveyed, how long the seller has owned their business and how quickly they want to close, quality of the lease if the building is not owned by the seller, number and quality of the market competitors and several other factors are taken into consideration. Of course analyzing the sales price of recent Fort Lauderdale, Miami and West Palm Beach comparable businesses is an invaluable tool for any business sales professional as well.
Broker Rhonda McLane will work with you to gather the details needed to determine the proper list price for your business, then market it to buyers who are financially capable of closing the sale.