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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Quick Reference Guide For Covid-19 Assistance Package / Paycheck Protection Program Application Form and Borrowers PPP Info Sheet

By Tim Bellon | April 2, 2020

The below guide provides an overview of the key government support initiatives to aid individuals and business owners mitigate the financial impact of the coronavirus pandemic. The information below is subject to change as additional details emerge around how these programs will be implemented. Linked content is deemed to be reliable but not vetted or endorsed for…

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Coronavirus Guidance to Small and Medium Business Owners

By Tim Bellon | March 27, 2020

I am not going to regurgitate the “trying times” and “focused on the safety and well-being” speech – you’ve heard it and if you’re like me you are tired of it so here’s some information and suggestions you can actually use: Small and medium business transactions are likely to take more time to complete. An…

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Help Yourself – Landlords and Rent Relief

By Tim Bellon | March 25, 2020

The monthly rent obligation is one of the largest recurring expenses that most business owners incur and the lifeblood of the landlord’s existence. The functional aspects of the landlord-tenant relationships and lease agreements should be an immediate focus given business uncertainty due to the Coronavirus, and the unwinding of the economic bailout/stimulus package over the…

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What Your Business Broker Doesn’t Tell You: Why Deals Fail

By Tim Bellon | March 23, 2020

There is a sad fact about business sales that nobody wants to talk about. Most of the time, businesses that are listed for sale never make it to the closing table. As shocking as that may seem, even if you hire a business broker and do all the right things, circumstances outside of your control…

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