Enterprise Brokers Inc (813) 690-0109

Pizza Take out $17,000 weekly sales, $900k per year for sale in Tampa Bay Florida

Vincenzo LoCricchio — Fri, 30 Dec 2011 14:34:00 GMT

Pizza $17,000 weekly sales - $275000 (New Port Richey Tampa Bay Florida)

Pizza Restaurant for sale in New Port Richey Tampa Bay Florida.

Take out, Delivery, & dine in does $17,000 weekly $900k per year. Absentee run, makes lots of dough! 1/2 down seller financing.

Click the link for Pictures and more info; http://Pizzanpr.EnterpriseBrokers.com

Vince LoCricchio Broker 813 690-0109 Your Central Florida Business Brokers www.EnterpriseBusinessBrokers.com

Search over 100 Tampa Bay Area Restaurant Businesses for sale @ http://Restaurants.EnterpriseBrokers.com

Daycare Center Licensed for 99 for Sale in Tampa (Lutz) Florida

Vincenzo LoCricchio — Fri, 30 Dec 2011 14:21:00 GMT

Absentee Run Established Day Care licensed for 99 (can be 147 with additional plumbing) VPK, School Readiness, Food Program in place. Director willing to stay on or bring your own Credentials. Accepts 2 wk to 12 yrs. Big shade trees in Playgrounds.

Facilities: 3470 Sq Ft Day Care Facility Buyer can add after school transportation. There is a new Bank and Townhouses being built within walking distance. 50% seller financing for qualified buyer. VPK Certified Director will stay.

more info @ http://daycarelic90.enterprisebrokers.com

Vince LoCricchio Broker 813 690-0109 Your Central Florida Business Brokers www.EnterpriseBusinessBrokers.com

search 600 Tampa Bay Area Businesses for sale @ http://Tampa.EnterpriseBrokers.com

Top 5 reasons to consider purchasing an existing (going concern) franchise vs. buying and starting one up.

Vincenzo LoCricchio — Wed, 14 Dec 2011 21:10:00 GMT

1. Many existing Franchises have assumable SBA Financing already in place.

2. Site selection, Build out and Lease negotiation have all been completed.

3. Business has a track record, vs. a start up does not.

4. Staff has been trained and in most cases, management is in place.

5. The amount of working capital needed to carry the business until it starts making money has already been spent by the previous owner. This can be the biggest expense in buying and opening a Franchise.

If you are seeking to buy a Franchised Business, these are just a few of the reasons to consider an existing Franchise Business vs. a start up. Even if you are considering a start up, sometimes a conversion of an existing Business can save you thousands of dollars on build out and working capital cost.

Call Vince LoCricchio Enterprise Business Brokers Franchise Brokers (813) 690-0109

Automotive, Healthcare, Real Estate & Property Related, Dry Cleaning and Service Type Businesses make the best Franchise conversion candidates.

Go to www.FranchiseEnterpriseBrokers.com search over 100 existing Franchise Businesses for Sale in the Tampa Bay area of Florida or call Vince LoCricchio at 813 690-0109.

Below are some of the Franchise Brands we have worked with in the past.

Pizzeria High Gross High Net in the Tampa Bay Area for sale with great terms

Vincenzo LoCricchio — Sun, 11 Dec 2011 14:58:00 GMT

Pizzeria $900k grossing cash cow! Sales 35% pick up 25% delivery 35% dine in 5% catering, has separate kitchen for pick, delivery. Near Hospital, Apartments in anchored plaza. Seller owns 2 other business & works here part time 25 hr week. Runs like a franchise without any Franchise Fees. 64 seats inside 12 outside w/ 2 COP. Great family business!

More info @ http://Pizza.EnterpriseBrokers.com

Call Vince LoCricchio Enterprise Business Brokers (813) 690-0109

Search over 100 Tampa Bay Area Restaurant and Bar Businesses for sale @ http://Restaurants.EnterpriseBrokers.com

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

European themed Beer Bar with a Great Location for sale in Clearwater Florida

Vincenzo LoCricchio — Tue, 06 Dec 2011 16:14:00 GMT

European themed beer bar. Beer Lovers Paradise. Sales are 85% beer, 9% food 6% wine. 70+ seats + large covered patio, ample parking. Looks like a Franchise but its independent. 2400 Sq Ft on end cap of Plaza. Near Major Concert Venue. 70 seats inside, 30 seat covered patio, ample parking on major road. One of the largest Draught Beer selections in the Tampa Bay Area. Financing: Seller will carry $70k for 60 mo @ 7% There is a nearby draw for additional business that could provide a Big Upside for an owner operator, Location, Location, Location.

http://BeerWineBar.EnterpriseBrokers.com

Search over 100 Tampa Bay Area Restaurant and Bar Businesses for sale @ http://Restaurants.EnterpriseBrokers.com

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

Call Vince LoCricchio Enterprise Business Brokers (813) 690-0109

$99k Down for Liquor Store, Bar, 4 COP License and Restaurant with Real Estate Available

Vincenzo LoCricchio — Thu, 01 Dec 2011 21:42:00 GMT

Big Price and Down Payment Reduction only $185k for business including Liquor License with $99k down for Liquor Store, Bar, 4 COP License and Restaurant with Real Estate Available.

Must see Road House, Liquor Store, Lounge w/Separate entrance (for smoking) Restaurant, 4COP Lic on Major Hwy. 4,350 Sq Ft Bldg was gutted and rebuilt last year, new kitchen, plumbing, wiring, parking lot. Owner is 73 and wants to retire. Seller note 10 yr Amort w/ 5 yr balloon. Building is available for $515k.

See Pictures and additional info at http://liquorstorebarrestaurant.enterprisebrokers.com

Vince LoCricchio Lic Real Estate Broker 813 690-0109

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

Search over 100 Tampa Bay Area Restaurants for sale @http://Restaurants.EnterpriseBrokers.com

Gas Station Business for sale w/ Real Estate 4 unit Plaza asking $1,318,000

Vincenzo LoCricchio — Fri, 25 Nov 2011 18:17:00 GMT

Great opportunity to own a Gas Station with Real Estate in Tampa Bay Florida. 6000 sq ft 4 unit Plaza on 1+ Acre land appraised for $1.5mm. Gas Station pumping 45k gallons and $20k mo inside @ 35%. Seller owns the tanks and pumps, BP Gas @ Rack +1/2 of one cent, $0.005. 3 additional units included in plaza, unit 2 + 3 are fully equipped Meat Grocery market & 4th unit is a Restaurant w/hood & walkin.

more info and pictures at; http://gasstationplaza4units.enterprisebrokers.com

Call Vince LoCricchio Enterprise Business Brokers (813) 690-0109

search 600 Tampa Bay Area Businesses for sale @

http://Tampa.EnterpriseBrokers.com

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

Breakfast and Lunch Restaurant for sale $69000 in the Carrolwood Area of Tampa Florida

Vincenzo LoCricchio — Mon, 21 Nov 2011 14:42:00 GMT

Easy to run, Tampa Bay Business for sale. Carrolwood area 24 seat B&L Restaurant. Located on busy road, great neighborhoods, industrial and office parks nearby. You can open for dinner, add delivery. Great Husband and Wife Business. Currently serving Cuban Food. Equipment includes Hood, Stove, Range, Fryer, Convection oven and steam-table.

1,200 sq ft in a plaza, lease is $1584.00 per month. 24 seats, full kitchen with hood.

This breakfast and lunch restaurant in located near great neighborhoods in Carrolwood and industrial and office complexes.

Currently open 7 to 5 M-F and 8 to 3 on Sat, new owners could add dinner on the weekends and delivery to the neighborhoods and many offices and manufacturing facility's close by.

http://breakfastlunchrestaurant.enterprisebrokers.com

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

Search over 100 Tampa Bay Area Restaurants for sale @ http://Restaurants.EnterpriseBrokers.com

Call Vince LoCricchio Enterprise Business Brokers (813) 690-0109

Price reduced for Established Curves Franchise, Tampa Bay Business for sale $49,000.00

Vincenzo LoCricchio — Mon, 21 Nov 2011 14:35:00 GMT

Price reduced for Established Curves Franchise, Tampa Bay Business for sale, owner currently works 26 hours a week. Has 400 Members with 150 members that are on 'Silver Sneakers' Medicare Supplement Plans, these Seniors get reimbursed for their Curves Membership. Very low overhead, Great location, Great lease, nice facility.

http://Curves.EnterpriseBrokers.com

search 600 Tampa Bay Area Businesses for sale @ http://Tampa.EnterpriseBrokers.com

Vince LoCricchio Broker 813 690-0109

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

Price and Down Payment have been reduced for Bar / Nightclub in New Port Richey Florida Net $100k w $75k down asking $240000 (West Pasco Bldg Available)

Vincenzo LoCricchio — Sun, 20 Nov 2011 16:37:00 GMT

Price and Down Payment have been reduced for quick sale. Net $100k+ with $75k dn. Easy Bar runs itself! No food, smoking OK has entertainment that brings in crowds. This is a Bar Owners Dream 2nd Owner since 1991 is ready to retire. Long term, trained staff in place. Building is available with your bank financing and 3rd party financing available on the liquor license. Motivated seller, Bring Offers. Bldg Available for $250k, includes Pasco County Florida 4COP Liquor License.

http://NightClub.EnterpriseBrokers.com

Vince LoCricchio Broker 813 690-0109

search 600 Tampa Bay Area Businesses for sale @ http://Tampa.EnterpriseBrokers.com

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

Pepperidge Farm Cookie Route Business for sale 3 to choose from $260,000 in Tampa Florida starting at $52k down

Vincenzo LoCricchio — Sun, 20 Nov 2011 14:34:00 GMT

Pepperidge Farm Cookie Routes 3 to choose from. Low overhead, account list includes Sam's Club, Fresh Market, BJ'S, Sweetbay, Publix, Walmart, Winn Dixe, Target. Sales up 8% this year, short hours and 80% financing available thru Pepperidge Farms for qualified buyer.

Route #1 $6,500 weekly sales yearly gross profit $67k expenses $8k cash flow $60k asking $260k with $52k down

http://pepperidgefarmscookieroute6500kwk.enterprisebrokers.com

Route #2 $7,200 weekly sales yearly gross profit $75k expenses $8k cash flow $67k asking $290k with $60k down

http://pepperidgefarmcookieroute7kwk.enterprisebrokers.com

Route #3 $13,700 weekly sales yearly gross profit $142k expenses $32k cash flow $110k asking $550k with $110k down

http://pepperidgefarmcookieroute.enterprisebrokers.com

Search 600 Tampa Bay Area Businesses for sale @ http://Tampa.EnterpriseBrokers.com

Learn how to Use your 401k or IRA Tax & Penalty Free to Buy a business with your own money!

http://401k.EnterpriseBrokers.com

Swimming Pool Service for Sale in Springhill FL. Net $88k buy with $29k down, price reduced to $164,900.00

Vincenzo LoCricchio — Fri, 18 Nov 2011 17:04:00 GMT

Swimming Pool Service for Sale in Springhill FL. Net $88k buy with $29k down, price reduced to $164,900.00

Wells Fargo Bank has reviewed the numbers and pre-qualified this Swimming Pool Service business for SBA Financing for a credit worthy buyer with $29,000.00 down payment.

Pool Service & Repairs, Sales & Profits Increasing 30% to 40% per year. 130 Residential Accounts most in a 5 mile radius. 2 Vans included, 2 PT 1099 employees. Seller works
route 3.5 days a week also does light repairs, pumps, valves, minor leaks. Company gets referrals from Realtors, Prop Managers, Banks, pool resurfacing companies and website.
Home based and'A' rated on Better Business Bureau. Good E-2 Visa Business.
Facilities: Business is home based.
Growth/Expansion: Sales are trending up 2009 $99,415.00 2010 $133,459 2011 annualized $148,364.00

Support/Training: Seller will stay at no cost for 2 weeks.

This is a growing easy to run business in the Springhill area of Hernando County Florida.

http://swimmingpoolservice.enterprisebrokers.com

Call Vince LoCricchio Enterprise Business Brokers (813) 690-0109

How to Deduct Your Small Business Travel Expenses

Vincenzo LoCricchio — Mon, 14 Nov 2011 20:45:00 GMT

From www.SBA.gov

Small Business Cents

Going on the Road? How to Deduct Your Small Business Travel Expenses

by Caron Beesley

Going on a business trip? Visiting a potential vendor, customer or wholesaler? Confused about what business travel expenses you can and can’t deduct? Here’s what you need to know about what you can and can’t deduct as well as some tips, tools and mobile apps for managing your expense documentation.

What Constitutes Business Travel?

You can deduct most of your business travel expenses on your tax return; however, there are some limitations and considerations that the IRS sets on what constitutes business travel.

According to the IRS , “travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job.” However, for these expenses to be deductible, you must be away from your tax home (the town where your business is located) for a period longer than one day’s work, and you must be away overnight.

What Can You Deduct?

You might be surprised at how extensive this list is, but do remember that you have to be able to demonstrate that all these expenses are directly related to your business.

Deductible expenses associated with business travel away from home include:

Air, Train or Bus Tickets – If they get you from home to your business destination. If you are using points or frequent flyer miles to get a free ticket, you can’t deduct the cost.

Car travel – Both from your home to your destination and any use while you are there. You can also deduct business-related tolls and parking. If you rent a car, you can deduct only the business-use portion of the expenses. Read Driving for Business in 2011 by fellow blogger, Barbara Weltman, for tips on how to deduct these costs.

Transportation – To and from venues and to and from the airport

50 percent of Meal Costs – You can either track the actual costs of your meals or use the standard meal allowance. The IRS has more specifics on travel-related meal deductions here .

50 percent of Business Entertainment Costs – These must be directly related to, or associated with, the conduct of your business. Record keeping is essential. You will need to keep a history of the business purpose, the amount of each expense, the date and place of the entertainment, and the business relationship of the persons entertained.

Dry Cleaning and Laundry Costs

Business-related Calls – Including fax or other communications device

Tips – Any tips your pay related to any of the above.

Exceptions

There are some limits to what you can deduct. For example, if you travel with a spouse or person other than an employee then you can’t deduct their expenses. There are also some restrictions on overseas travel deductions , cruise ship travel and attending conventions .

Keep Good Records

Be sure to document everything associated with your business expenses – the IRS requires it. Keep receipts and maintain a centralized spreadsheet of all your trips, individual line items, dates and the reason for your travel/meals/entertainment, etc. Learn more from the IRS about recordkeeping and how to prove your expenses .

Electronic Tools that Can Help

There are many online programs and apps that can help small business owners quickly and easily document business expenses on-the-go. Examples include Tax Tracker, Expensify, Mobile Receipt, Shoeboxed (all for the iPhone) and Receipt Filer Lite (for Droid users).

How to Report Your Expenses

For sole proprietors and single-member LLCs, show these expenses in the "Expenses" section of Schedule C

For partnerships and multiple-member LLCs, show these expenses in the "Deductions" section of Form 1065

For corporations, show these expenses in the "Deductions" section of Form 1120.

Always Consult a Tax Professional

This article is just a snapshot of what you can and can’t deduct and some of the do’s and don’ts involved. For more information specific to your business, always consult a knowledgeable tax professional.

Related Resources; SBA Guide to Small Business Expenses and Tax Deductions, Business Entertainment Expenses (IRS.gov), 7 Tips to Well-Managed Business Travel that Can Enhance Your Bottom Line

How to Choose a Tax Professional for Your Small Business

3 Tips to Make Selecting Tax Software Not Taxing

When Avoiding a Tax Audit the Best Offense is a Good Defense

About the Author; Caron Beesley is a small business owner, a writer, and marketing communications consultant. Caron works with the SBA.gov team to promote essential government resources that help entrepreneurs and small business owners start-up, grow and succeed.

Helping folks navigate through the process of buying and selling Small Family run Businesses and Franchises has been our only Business since 1994.

Call Vince LoCricchio 813 690-0109

Tags: Business Travel Expenses, entertainment expenses, how to deduct business expenses, IRS, mileage rate, small business, tax deductions, travel expenses, what travel business expenses can you claim

Price Reduced on Breakfast & Lunch Restaurant in Carrollwood Village

Vincenzo LoCricchio — Tue, 02 Aug 2011 15:49:00 GMT

Carrollwood Village, Carrollwood - Announcing a price reduction on Breakfast & Lunch Restaurant, a commercial "Business Only". Now MLS® $69,000 USD - B&L Restaurant Carrolwood.

Property information

Price Reduced on Swimming Pool Service in Spring Hill

Vincenzo LoCricchio — Mon, 25 Jul 2011 18:25:00 GMT

Spring Hill, Pasco County - Announcing a price reduction on Swimming Pool Service, a single story "Business Only". Now MLS® $179,000 USD - Swimming pool Service.

Property information

Price Reduced on Pepperidge Farm Cookie Route in Tampa

Vincenzo LoCricchio — Thu, 21 Jul 2011 17:47:00 GMT

Tampa, Hillsborough County - Announcing a price reduction on Pepperidge Farm Cookie Route, a commercial "Business Only Home Based". Now MLS® $550,000 USD - Pepperidge Farm Cookie Rt.

Property information

Price Reduced on Curves Franchise for sale in Zephyr Park

Vincenzo LoCricchio — Fri, 24 Jun 2011 13:44:00 GMT

Zephyr Park, Zephyrhills - Announcing a price reduction on Curves Franchise for sale, a 1,100 sq. ft. commercial "Business Only". Now MLS® $49,000 USD - Curves Franchise for Sale.

Property information

Price Reduced on Flower Biz Net 70K+ in Tampa Heights

Vincenzo LoCricchio — Tue, 31 May 2011 19:30:00 GMT

Tampa Heights, Tampa - Announcing a price reduction on Flower Biz Net 70K+, a commercial "Business Only Home Based". Now MLS® $120,000 with $89k down - Flower Biz Net $70k.

Property information

It's National Small Business Week 2011, May 16-20 Washington, DC

Vincenzo LoCricchio — Wed, 18 May 2011 19:13:00 GMT

National Small Business Week 2011 May 16-20 Washington, DC

Every year since 1963, the President of the United States has proclaimed National Small Business Week to recognize the contributions of small businesses to the economic well-being of America. As part of National Small Business Week, the U.S. Small Business Administration recognizes this special impact made by outstanding entrepreneurs and small business owners. In 2011, National Small Business Week will honor the estimated 27.2 million small businesses in America. Small businesses are major contributors to the strength of the American economy. More than half of Americans either own or work for a small business. They also create 60-80 percent of new jobs in the country. Small businesses drive innovation, create 21st century jobs and increase U.S. competitiveness. Franchising is the fastest growing segment in small businesses.

If you need help in buying, selling or financing a business in Central Florida, give us a call at (813) 690-0109.

Price Reduced on Translation Business in Hillsborough County

Vincenzo LoCricchio — Wed, 11 May 2011 12:07:00 GMT

Hillsborough County, Florida - Announcing a price reduction on Translation Business, a commercial "Business Only". Now MLS®$39,900 USD - Price reduced Bring Offer.

Property information

Top 10 Franchise Opportunities for 2011

Vincenzo LoCricchio — Tue, 10 May 2011 16:53:00 GMT

Top 10 Franchise Opportunities for 2011

Here are Entrepreneur.com‘s list of the 10 best industries to franchise with for 2011

1. Child Care- "Parents are busier than ever-and drawn to child care that combines education and enrichment programs." This is one of those that will never go away. People won't stop having kids, and they'll always need to be cared while the parents are at work.

2. Fitness- "Spending on fitness is up. And fitness franchises offera full range of options-big or small gyms, programs for women, boxing classes, dance fitness, personal training and more." The health craze is taking over and fitness programs are getting more niche every day.

3. Green- "Companies doing their part to save the planet-and often saving money as well-are gaining ground with the eco-conscious and cash-strapped alike." The younger generations of spenders are eager to give their money to companies that care about taking care.

4. Health Care- "It may be a subject of much debate in the political world, but in the franchise world healthcare is just good business. Take note: A number of opportunities aimed at physician franchisees have sprung up in recent years." Just like child care, people won't stop getting older or sick.

5. Storage- "Americans move, on average, every five years, andwith the economy starting to recover, moving and storage businesses can expect their services to be in even more demand." As the real estate market recovers, so does the need for storage.

6. Pets- "Spending on pets in the U.S. has increased year after year-to an estimated $47.7 billion in 2010-and that trend shows no sign of ending. No surprise: Pet franchises continue to grow."

7. Sandwiches- "From $5 foot-longs to gourmet grinders, sandwiches are giving burgers some serious competition for America's favorite fast food." People will always be hungry, and employees will always take lunch breaks.

8. Senior Care- "Seniors are the world's fastest-growing population, making services aimed at them-in-home care, financial planning, reading material and so on-a strong bet for success."

9. Spas- "Franchises offering luxury on a budget are growing by leaps and bounds as people in need of some pampering seek out deals." As with many of these, as the economy recovers, so does disposable income.

10. Tutoring- "As the work world gets more competitive, parents put a higher premium on education-and the tutoring business continues to grow." These days, undergraduate degrees are often barely enough for job. Education becomes more and more important, especially as the rest of the world catches up.

If you are looking into a new or existing Franchise Businesss, go to www.FranchiseEnterpriseBrokers.com or call Vince LoCricchio 813 690-0109 Owner Broker of Enterprise Brokers, Inc. You can also learn how to use your IRA or 401 k to buy a business or franchise with no tax or penalities at http://www.enterprisebrokers.com/401K_to_Buy_a_Business/page_1800137.html

Price Reduced on Translation Business in Hillsborough County

Vincenzo LoCricchio — Tue, 26 Apr 2011 14:18:00 GMT

Hillsborough County, Florida - Announcing a price reduction on Translation Business, a commercial "Business Only". Now MLS® $49,900 USD - Translation Service Biz.

Property information

The Legal Steps to Buying a Business from www.SBA.Gov

Vincenzo LoCricchio — Thu, 21 Apr 2011 14:41:00 GMT

Good information from http://community.sba.gov/community/blogs/expert-insight-and-news/business-law-advisor/legal-steps-buying-business-0

The Legal Steps to Buying a Business

There are important legal considerations to keep in mind when buying a business. Read this guide to understand what you can expect, and what to look out for when you're in the market to purchase an existing business.

Thoroughly research the business and look for legal red flags. Learn as much as you can about how the business's operations from the current owner, including details about existing contracts, insurance policies, licenses, employee agreements, andcommercial leases. Leases in particular can be a tricky issue for new buyers - you may need to have the landlord's permission to legally transfer a lease - and you could be held to contractual commitments over employee compensation and benefits. Read more aboutemployment and labor laws.
Sellers often require prospective buyers to sign confidentiality agreements. A confidentiality agreement confirms that you will only use the business information to make a decision to buy. Don't be alarmed if you are required to sign one - confidentiality agreements are considered standard procedure.
Get the full financial story. As a prospective buyer, you'll need to look for potential legal issues with the business's finances. Some states will hold you responsible if the previous owner was delinquent on paying their sales tax. Ensure that you have access to detailed tax and financial statements from the past few years. Shoddy financial documentation and any liens on business assets are warning signs that something amiss. As a general precaution, forming a corporation or an LLC to buy a business will minimize your personal risk for the business's past obligations. To learn more about personal liability and business structures, see the business entity guide on Business.gov.
Have a clear understanding of what is going to be sold - either the entire business (the entity), or assets of the business. If you are buying the entire business, check to see if required documentation is current and taxes have been paid. Whether you are buying the entire or business or just assets, ensure that key contracts or licenses are either transferable, or you easily acquired on your own. It's also important to understand that business names and intellectual property may not be 'for sale.' Get permits and licenses.
Negotiate purchase terms. Even if a seller provides you with an estimated value of the business, it's a good idea to hire an impartial appraiser who will determine a fair purchase price. Have a small business lawyer work with you and the seller to draft the terms of the sale and the agreed payment plan (installments, down payment, etc).
Sign the sales agreement. Once you've agreed to buy the business and have determined the terms of the sale, you will make it legal with a sales, or purchase, agreement. Carefully review the document, which outlines the terms you have agreed to. If you don't have a lawyer help you draft the terms of the sale, you should at least have one review the agreement before you sign it.
Go through a closing checklist. The closing completes your purchase, so be sure to care of all remaining paperwork. SBA.gov provides a list of key terms to review before your closing.

Helping folks navigate through the process of buying and selling Small Family run Businesses and Franchises has been our only Business since 1994.

Call Vince LoCricchio 813 690-0109

Using SBA Backed Loans for a Small Business Acquisition, update for 2011

Vincenzo LoCricchio — Wed, 13 Apr 2011 18:15:00 GMT

Looking to buy your own business or thinking about selling your existing business? Financing plays a big part in making or breaking a deal. This is an update and brief overview on how SBA 7A (business acquisition) loans can help you with either one of these scenarios.

Let me startby saying that the Federal Government doesn't lend money to business owners to buy or sell businesses; the SBA Guarantees 75% of the loan (was 90%) that the bank lends provided the loan fits the SBA's criteria. Maximum 7(a) loan size is $5,000,000 and unsecured limit is $1.2MM. If the "Goodwill" (sales price minus tangible assets) are $500K or more, then the buyer must put 25% down. Down payment funds cannot be borrowed. Below is an example;

Business Purchase Price: $1,000,000

Business Tangible Assets (Net Book Value) $175,000

Intangible Assets ("Goodwill") $825,000

Working Capital $100,000

Closing Costs & SBA Fees $40,000

Total Project $1,140,000

Buyers Funds

Equity Injection (25%) $285,000

Seller 5% 2^nd mortgage -$57,000

Working Capital -$100,000

Buyer out of pocket at closing $128,000 (plus $100,000 in working capital account)

This is a WIN WIN for both buyer and seller as the seller gets to cashout 95% (seller takes a 5% second position note).

The Buyer gets to leverage the deal, buy a $1mm business with around $200k to $300k in EBITDA with $228k out of pocket, ($128k down+$100k working capital). Deals without real estate are amortized for 10 years. Real Estate has 25 year amortization.

For 2010 the 12 most active banks in the State of Florida made 747 SBA loans for a total of over $290mm, the average loan was for $389k.

I have competed dozens of transactions using SBA loans, including Restaurants, Delivery Services, Print Shops, Daycare Centers, Gas Stations, Liquor Stores, Physical Therapy Centers, and many Franchised Businesses just to name a few.

If you have any questions on how to use an SBA loan to buy or sell a business, feel free to give me a confidential call. Vince LoCricchio 813 690-0109

How to use your 401k Tax & Penalty Free (to buy your own business or franchise)

Vincenzo LoCricchio — Fri, 18 Mar 2011 13:59:00 GMT

Buy a business orstart a franchise with your own money! Tax and penalty free?

Considering the cost ofborrowing money at today's rates using a 401k to buy a business could literallysave you hundreds of thousands of dollars. Eliminating the cost of interest byusing a 401k as an equity investment would also free up monthly cash flow andimprove the likely hood of business success. See below comparisons.

Learn how the funds fromyour current employer can help you start your own company. Tax Free use of 401kproceeds can now be used to finance a business, corporation or franchise opportunity.

No Penalties!

For most Americans their401k represents a large portion of their net worth. What many don't realize isthey can use these funds to acquire or purchase a business even before the turn59.5 without the penalties. While SBA funding and other bank loans may be inconsideration one should consider their options and weigh the closing costinvolved. Sometimes using your own savings makes perfect sense. Get cash out ofyour 401(k) or IRA to help finance your new business, without creating a taxableevent.

Say you have $100,000 ina 401(k) or IRA and take an early distribution (before age 59.5), the followingtaxable events would be triggered :a 20% mandatory hold-back, Federal (andstate) income taxes (at higher tax rates) and a10% early withdrawal penalty. Thiscould easily be a $45,000 tax bite.

Take earlydistribution Adopt Self Directed Retirement Plan

Amount in retirementfund: $100,000 $100,000

Mandatory 20%withholding: $20,000 0

Cash available towithdraw: $80,000 $100,000

Less ordinary incometaxes (at33%) $33,000 0

Early distributionpenalty(10%) $10,000 0

State incometaxes $2,000 0

Total taxes &penalties: $45,000 0

Cost to set up transfertrust: $5,000 estimated

NET CASHavailable: $55,000 vs. $95,000 Self Directed Retirement Plan

With the adoption of aSelf Directed Retirement Plan, you are able to convert existing retirementfunds into privately-held stock in your new business. This tax-deferred trustis coupled to a replacement plan that contains special "exceptiveclauses." Your new business gets the cash it needs from the sale of a portionof its stock to your trust plan. The trust is unique in that it will providecustodial services to administer non-publicly-traded stock. Go to http://401K.EnterpriseBrokers.com or Contact Vince LoCricchio @ (813) 690-0109for more details