Andy and Jessica welcome you to another episode of The Deal Board. They are talking today about the current state of the economy and what is going on in the business sale market as well as in the real estate market. Prices are up, inventory down, and valuations up; a one-of-a-kind and surprising scenario is arising after the pandemic. Andy and Jessica are diving deep into the state of the market, now that the first quarter numbers are coming up and trends are appearing.
Listing of the week: John Fullerton (Omaha) is selling a top-rated, and one of the fastest-growing franchises, with more than 150 locations and it has been in business for over 15 years. Restaurant and bar, with a gorgeous outdoor patio and great location! Great potential to grow! Price: $189,000. This deal is one of a kind! Contact John at (402) 213-9945 or email jfullerton@tworld.com
Key takeaways:
[2:37] Andy shares valuable statistics.
[3:26] Jessica talks about the migration patterns and their influence on the business sale market.
[4:15] Andy presents this year's listing statistics.
[7:10] The pandemic didn't affect small businesses as much as it was expected.
[8:02] Government incentives really worked.
[11:51] There are many more buyers than there are sellers.
[13:26] The construction business is going up.
[15:09] Andy and Jessica talk about being a potential seller in the current market.
[16:21] There is money in the market.
[17:52] Andy talks about interest rates.
[20:01] Get your 2020 tax numbers together and have them ready to file for an extension.
[22:48] Deal of the week: Chip Redmond (Central Florida) sold the second management company to the same client, with 37 short-term homes for him to rent and manage. Originally listed for $350,000, sold for $300,000. Gross revenue of $857,000 a year, SDE: $150,000. Cash deal.
[25:44] Listing of the week: John Fullerton (Omaha) is selling a top-rated, and one of the fastest-growing franchises, with more than 150 locations and it has been in business for over 15 years. Restaurant and bar, with a gorgeous outdoor patio and great location! Great potential to grow! Price: $189,000. This deal is one of a kind! Contact John at (402) 213-9945 or email jfullerton@tworld.com
Mentioned in this Episode:
The Deal Board Podcast
Subscribe to The Deal Board Podcast YouTube Channel
United Franchise Group
Transworld Business Advisors
Transworld on Linkedin
Transworld on Facebook
Call us — (888) 711-9018
Email us thedealboard@tworld.com
Call Chip Redmond at (321)299-6867 or email chrisredmond@tworld.com
Contact John Fullerton at (402) 213-9945 or email jfullerton@tworld.com
Tweetables:
"Florida emerges as the new hot spot for buying a business." #thedealboard #transworldbusinessadvisors #business #currentmarket #buyers #sellers
"Small businesses really didn't suffer as much as it was thought they would as a result of the pandemic." #thedealboard #transworldbusinessadvisors #business #currentmarket #buyers #sellers
"At the end of the day, the government incentives really worked." #thedealboard #transworldbusinessadvisors #business #currentmarket #buyers #sellers
"Buyers have to be aggressive; there are many more buyers than there are sellers." #thedealboard #transworldbusinessadvisors #business #currentmarket #buyers #sellers
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