Alan Kaye joins hosts Jeff Sophir and Jonathan Wolfson today on the podcast to discuss how selling a business and its real estate together to maximize value. Alan is the Managing Director for Commercial Real Estate for the State of Florida at Transworld Commercial. With a strong legal background as a real estate and business transaction attorney, Alan brings 25 years of commercial real estate expertise resulting in over one billion dollars of commercial transactions to the table.
Together, Alan, Jeff, and Jonathan discuss how selling a business and its real estate together can maximize value, as the real estate often appreciates at a greater rate than the business itself. It’s noted that it is important to charge fair market rent when selling the business, as this can impact the purchase price and overall profitability. Hiring a business broker and taking steps to improve the appearance of the real estate can help sellers position their businesses for the best possible value. On the other hand, buyers can increase the value of their businesses by acquiring additional properties through Transworld Business Advisors.
Owning real estate provides stability and control over expenses, and the South Florida real estate market is experiencing significant growth. In the commercial real estate market, large and well-located properties are in high demand and negotiating strategies should involve starting with a reasonable offer. Due diligence is essential when purchasing a property to avoid any surprises after closing the deal.
Tune in to hear Alan’s insights and learn the importance of selling your business and its real estate together.
Here is what to expect on this week’s show:
Selling business and real estate together
Maximizing your business’ value
Real estate market growth in South Florida
Commercial real estate negotiation strategies
The importance of due diligence
Connect with Alan Kaye:
akaye@tworld.com
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