Blog

How Does Technology Make Your Business Attractive to Buyers?

By Tim Bellon | September 9, 2020

When buyers have questions, show them the data If you think selling a business is scary, try being the buyer. It’s the buyer that has the burden of trying to figure out if the seller’s sales numbers are inflated and what other answers are an exaggeration of the truth. Nobody wants to be taken advantage…

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Selling Your Business? Read Your Lease

By Tim Bellon | August 19, 2020

If you have the goal of selling your business, dust off your lease agreement and give it another look. Did you know the language in your lease can prevent you from selling your business? If that’s news to you, you’re not alone. It’s alarming how little attention business owners give to the leases they sign.…

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Have the Answers to These Questions When Selling Your Business

By Tim Bellon | July 20, 2020

When a business owner connects with a buyer, there is an information exchange that happens between the parties that give each the confidence to take the next step in the buying process. And keep the deal moving toward closing.  For the seller, they want to have the confidence the buyer can obtain needed financing and…

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Video: Tampa Bay Business Broker Tim Bellon Offers His Mid-Year Update

By Tim Bellon | July 13, 2020

It was a rough start for 2020 and business owners everywhere are wondering what the future holds. In this video, Tim Bellon, VR Business Broker offers his perspective on what the last 6 months has meant to business value, and maybe more importantly, how to navigate the rest of the year and beyond.  Can you…

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Sell Your Business and Finance the Deal?

By Tim Bellon | June 23, 2020

Getting a business sale closed probably means someone has to hold a note. Should it be you? When it’s time to sell your business, you’re in for an education. Structuring the terms of a business sale can be complex and may require you (seller) to hold a note. Many people don’t realize that if the…

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What if You Already Have a Buyer for Your Business?

By Tim Bellon | June 15, 2020

If a buyer finds you, do you still need a broker? Normally, when an owner is thinking about selling their business, they will contact a business broker whose job is to advise, look for a qualified buyer, and help the parties negotiate the many possible pitfalls on the way to the closing table. It’s not…

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COVID-19 and Business Interruption Insurance – How To File a Claim the Right Way

By Tim Bellon | May 21, 2020

Passivity is seldom a good business plan, especially in a crisis when the survival of your business may be at stake. Covid-19 is a crisis that greatly threatens franchised businesses. It is clear that action must be taken, but what action? Many businesses have received federal or state relief, but since no one knows how…

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Why You Should Sell Your Business Amid a Pandemic

By Tim Bellon | April 23, 2020

It seems odd to plan to sell your business now, but that’s exactly what you should do. With a potential recession looming, why should you sell your company now? We spoke with Tampa Busines Broker, Tim Bellon to get his thoughts.  “A few of the big reasons an owner sells their company is because they…

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Pandemic Creates Rare Business Buying Opportunity

By Tim Bellon | April 13, 2020

$2,000,000,000,000. That’s how much the recent government economic stimulus program will be shelling out in response to the recent pandemic that shut down most of American businesses. The money is meant to keep citizens afloat, employees retained and companies in business. While the well-known programs are the Paycheck Protection Program (PPP) and the Economic Injury…

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Treasury Department Issues Regulations Refining Paycheck Protection Program

By Tim Bellon | April 6, 2020

The Treasury released its eagerly anticipated regulations implementing the Paycheck Protection Program (PPP). While most of the regulations merely clarify points from the CARES Act (Act), in some instances the regulations created new restrictions and limitations. Below is a brief summary of some of the more noteworthy provisions from the regulations: Lenders may rely only on…

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