Referal Letter For Chris Savage

 

April 6, 2018

                                                                            Referral Letter For Chris Savage

Mark Rosato

111 7^th Street North

Bradenton Beach, Florida 34217

914-562-6399

To whom it may concern:

Chris Savage of Florida Business Exchange helped me sell another Bar. (2^nd One)

·                     He walked me through all the steps.

·                     Help me with a Valuation Of my business

·                     Marketed and brought multiple Buyers

·                     Worked with me to CLOSE the sale

I highly recommend using Chris Savage for all your Business broker needs whether you are selling a business-like I did or buying a business. His knowledge and diligence are a breath of fresh air in today’s marketplace.

Sincerely,

Mark Rosato

____________________

Mark Rosato

Tommy Knockers Clam Stand

Recommendation Letter For Chris Savage

17401 Commerce Park Boulevard Tampa, FL 33647

 

February 10^th, 2014

RE Referral Letter for Chris Savage of Florida Business Exchange

To whom it may concern:

I just sold my high end Salon and SPA with the help of Chris Savage from Florida Business Exchange. The process started in June, 2013. The process failed two previous times.

Due to the diligence, hard work, and creativity of Chris Savage I have sold my Spa and I can now move on to my new life.

I give my highest recommendation for anyone looking to sell a business or need business brokerage services. Chris Savage performed his duties diligently, fairly, and with the highest degree of integrity.

Contact me if you have any questions,

 

 

Dyan Piller

_____________

Dyan Piller, President and Owner

813-731-5850  DyanMPiller@gmail.com

Chris Savage

813-784-4457

cesavage@verizon.net

 

www.savagebusinessgroup.com

 

www,fbxbrokers.com

 

Oshy's Tavern in Largo Florida has new owners

Media Contact:

Chris Savage

Florida Business Exchange, Inc.

813-784-4457

Hesser Family Venture’s, Inc. Acquires Oshy’s Irish Tap House in Largo, Florida

Largo, Fla. (May 21, 2012) – Chris Savage, of Florida Business Exchange, announced today that Kurt and Raelynn Hesser recently acquired Oshy’s Irish Tap House located at 80 Clearwater Largo Road South in Largo on the corner of West Bay.

The seller, Oshy’s Tap House, LLC, Jennifer Lantry, are working to ensure a smooth transition by training the buyer and his staff, introducing customers and vendors and planning for the future. As part of this transition, First Fridays will begin again on July 6th with all the regular vendors, activities, and family friendly fun.

The new owners, Kurt and Raelynn, say: " We plan to continue O'Shy's involvement in Largo First Fridays. We will maintain Jennifer's vision of providing a variety of traditional beers along with offering a rotating selection of the best and most interesting craft beers. We are looking at additional avenues of entertainment for our customers such as more live music, foosball, and other activities.  We are also planning to open on Sundays in time for the NFL season."

Chris Savage, business intermediary and regional vice president with Florida Business Exchange, managed the introduction of the buyer through a co-broking relationship with Rick Gruber of Realtec Business Brokers.

Chris Savage has more than 25 years experience as a business owner and business broker. He specializes in helping business owner’s value, market and sell their businesses. For more information, call (813) 784-4457 or go to my website.

Looking to buy or sell a business? Contact Chris Savage

Visit the Florida Business Exchange Website

Watch Videos on Buying and Selling Businesses

Top 10 "Reasons why businessses sell"

What you should know to sell your business.

1. HAVING PROVABLE BOOKS AND RECORDS INCREASES THE NUMBERS OF POTENTIAL BUYERS
Buyers want proof of the sales and profits that the business has made in the past.

2. EXPECT A REASONABLE PRICE AND TERMS
Usually, buyers won't even look at a business that is not priced competitively.

3. LIST FURNITURE, FIXTURES, AND EQUIPMENT
Buyers will want a complete list of equipment and will inspect it to ensure that everything is in good working order.

4. OBTAIN A PROFESSIONAL THIRD PARTY EVALUATION
Businesses that use a third party evaluation have an 80% chance of selling at a much higher price. Those who do not use a professional business broker and a third party evaluation only have a 17% chance of selling.

5. OFFER ATTRACTIVE LEASE
Any buyer will want a good lease, whether the existing lease is assigned or a new lease is written.

6. GREAT APPEARANCE
Nice looking businesses sell first! Buyers deduct large amounts from their offering price for businesses that are in less that top shape. Keep your premises neat, clean and in good repair.

7. PRICE IT RIGHT
Under pricing will lose you money; overpricing will lose you the sale. Our professionals are knowledgeable in today's fast-changing marketplace.

8. SIGN A COVENANT NOT TO COMPETE WITH THE BUYER
Buyers are concerned you may go into competition with them and take back all their customers. A promise not to compete within an appropriate distance and time period is normal for most businesses.

9. A GOOD REASON TO SELL
Buyers are always concerned about this. They are afraid you may be selling because of some undisclosed fact that may hurt the business in the future. Buyers must see a logical reason for the sale or - without it, they think the worst.

10. NO SURPRISES!
Give your Broker associate ALL the facts up front. Most negatives can be overcome if known by the broker/intermediary from the beginning

Contact Chris Savage  813-784-4457

Visit My Website

Visit the Florida Business Exchange website

Watch Videos on Buying and Selling a Business in Florida

Chris Savage Just Closed a Spa in Riverview, Florida

Salon doing approximately 1 million in sales sold for 2.1x the owner benefit.

This december closing marks a very succesful year for Florida Business Exchange

Contact Chris Savage 813-784-4457 

Visit My Website

Visit The Florida business Exchange Website

2 New Restaurant Listings in Florida For Sale

BFS-264616: 30 Years Successful Restaurant Location: Tampa (Tampa) Asking Price: Between $100 Thousand and $500 Thousand ($275,000) Summary: This popular neighborhood restaurant has been in business 30 years and is still growing. The tax returns are available to prove financial information making this a great opportunity for an E-2 Visa applicant....

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BFS-265158: Voted # 1 Lunch & Dinner Restaurant Location: Other Florida (St Augustine) Asking Price: Between $100 Thousand and $500 Thousand ($395,000) Summary: Voted #1 Restaurant in St Augustine in its category, Lunch & Diner only with Breakfast on Saturdays only, closed on Sunday. Great Local seafood and custom menu created from years of local favorites. This... Contact me for more information Visit my website to search for businesses. Visit the Florida Business Exchange website Chris Savage 813-784-4457

Natural Stone Distributor / Retailer For Sale - Great Cash Flows

Asking Price:  $1,800,000

Gross Income:  $2,490,244

Cash Flow:   $607,555

FF&E: $85,000.00 *

Inventory:  $400,000.00 *

Year Established: 2003

Employees:  3

Business Types:

Durable Goods
Blding Mat., Hardware, Garden
Natural Stone Distribution

* included in the asking price

Business Description

Cash Cow!!! Natural Stone Retail / Distributor Business with excellent growing cash flows. Imported tiles and travertine from Turkey is their specialty. Well organized company and distribution network in place. Great internet presence for both the Retail side and the Distribution side. 2011 has well surpassed 2010 and is still growing. The quality of the stone and the distribution network is the key for their success. Owners will discount for cash and will offer Owner financing to a qualified buyer.

Detailed Information

Facilities:

$400,000 in inventory. A fully equipped 23,500 sq/ft warehouse and showroom. (Forklifts, shelving, etc ) Rent is $ 5,762.40.

Competition:

Highest quality products available with a very dependable supplier

Growth/Expansion: Unlimited

Financing:

Seller note $ 800,000 over 7 years, Bank Financing of $ 400,000 on Inventory

Support/Training:

As much as is needed for a smooth transition.

Contact Chris Savage for more information

Visit my website to search for more businesses

Visit the Florida Business Exchange website

813-784-4457

 

Is Your Business Getting Stale?

How to Turn Stale into Remarkable
 

If you look around your business right now, what do you see? Are you tired of looking at it? Does it excite you anymore? Do you feel stuck in neutral? If you are – then you are probably VERY frustrated because you KNOW that what you do is great…it just needs some new energy.

Well, if you aren’t passionate about what you do, then no one else will be either. So you need to fix it NOW – before stale becomes GONE! But how? Here’s  few things you can do RIGHT NOW to turn stale into Remarkable!

#1 – STOP, DROP and ROLL. 

No don’t set yourself on fire then put it out! You have to STOP the hectic daily grind, DROP what you are doing, ROLL out of the office – and LOOK around. Look, listen, smell & feel what is going on around you.

·         How is your customer base changing?

·         Are their needs the same now as they were a few years ago?

·         What will their needs be in the near future?

·         Are you positioned to be a player in “what’s next?”

·         Do you know exactly WHY people have used you in the past? Does that still apply?

·         What is your competition doing?

·         Is there another emerging market (that you don’t target now)?

·         Could you create something new to tackle new markets? (see below)

#2 – New Ideas = Goldmine.

NOTHING generates more excitement than fresh new ideas. Remember how excited you were when you first started your company? You can get that excitement back. The difference between a company that is sustaining to one that in ROCKIN can be one simple, fresh idea.

Hold a brainstorming session with your Team (or better yet, have it facilitated with an outside professional). The brain is amazing – get many of them focused on one task – new ideas for growth. You will be surprised how many employees bite their tongue – because they are never asked for their ideas. It can produce brilliant results.

 

Don’t have a staff? Get into a Mastermind Group or Innovation Group. Surround yourself with experienced CEO’s and entrepreneurs that will help you innovate (and re-ignite YOUR fire!) It can save your business!

Author: Steve Placey

Contact Chris Savage  or call 813-784-4457

   

Visit My Website

Visit the Florida Business Exchange Website

Gentleman's Club For Sale in Pinellas county $90,000

BUSINESS DETAILS

Location:

United States; Florida

Primary sector:

Retail - Eating & Drinking; Pubs, Bars & Nightclubs

Secondary sector:

Leisure, Sport & Fitness; Entertainment & Fun

Asking price: $90,000
Furniture, fixtures and fittings included. $90,000

Turnover / revenue:

Undisclosed

Net profit / cashflow:

Undisclosed

Years established: 10

Trading hours: You decide

 

OTHER DETAILS

Reason for selling:

Last operator skipped town

 

PROPERTY DETAILS

Lease length: 5 years

Lease remaining: 5 years

Lease terms: Negotiable

Rent:

$60,000 per annum $5,000/month Triple Net

BUSINESS DESCRIPTION

Facilities: Stand Alone, 2,250 sq/ft building. Rent is $5,000 / month Well Decorated and laid out for Gentleman's Club, Newly Remodeled Adult Use License currently in place

Contact Chris Savage

View other Listings here

Visit the Florida Business Exchange Website

Another Business Sold in Florida

Chris Savage and Gary Schad of florida Business Exchange combined clients to sell a Live Bait and Shrimp business on the East Coast of Florida.

Congratulations to the buyer and seller.

813-784-4457

Contact Chris Savage

Visit my Website

Visit the Florida Business Exchange Website

Quarterly Newsletter

FLORIDA  BUSINESS EXCHANGE 

        Chris Savage

Business Broker of Florida, BBF

Florida Business Exchange, Inc.
550 N. Reo Street, # 300
Tampa, Florida 33609

Phone: (813) 784-4457

Fax: (813) 835-9851

cesavage@verizon.net

www.fbxbrokers.com

Offices in Jacksonville, Tampa, Orlando, Naples, Destin & Miami
The newsletter for small and mid-market business transactions

IN THIS ISSUE
WHAT’S THIS YOU WANT ME TO SIGN?

KEY DOCUMENTS FOR BUYERS AND SELLERS

NEW LISTINGS AND SUCCESSFUL TRANSACTIONS

What’s This You Want Me to Sign?

Years ago, when a business was bought or sold in Florida, the paperwork associated with the transaction was anything but standard. To compound potential problems, brokers were unlicensed and unregulated. Consequently, when papers were slid across the table for signature, a buyer or seller may have had concerns about potential "gotcha’s" lurking in the forms. Sometimes, those concerns were valid. Today the "paperwork" and your broker are very different – and buyers, sellers, brokers and the industry are better for it.

The goal: No surprises.

The result: No "gotcha’s" and BILLIONS of dollars worth of business sales in Florida using these documents, exactly as written.
FOR BUYERS AND SELLERS

Your broker:

He or she is a real estate-licensed business intermediary, and a heavily regulated professional. The broker most likely (and you should confirm this) is a member of Business Brokers of Florida (BBF) – the professional organization for specialists in business acquisition and sales procedures, regulations, and ethics. (For a short video explaining why this membership is important visit

http://www.fbxbrokers.com/videos
What’s This You Want Me to Sign?
(Continued from Cover)

ASSET PURCHASE AGREEMENT
Forget good ol’ boy handshakes, earnest assurances and oral promises. This form is a time-tested, high-grade suit of armor that works to protect buyers and sellers from expensive surprises, misunderstandings, and possible con artists. It spells out
everything - the agreement between seller and buyer, their responsibilities to each other, contingencies that must be met by each for the transaction to be completed, and what happens if a party reneges on its provisions. There are more than 40 built-in protective contingencies, and provisions for either party to add additional contingencies if desired.

LISTING AGREEMENT
This document contains key details about what the Seller is offering: price, estimated value of assets, brokerage fee, financing, any pre-closing requirements, etc. Over many years, this now-standard document has been refined, reviewed by the Business Brokers of Florida, a professional association, as well as by attorneys skilled in real estate and business law.

CONFIDENTIALITY AGREEMENT
Buying a business is very different from buying a house. With residential transactions, the seller wants to advertise the sale publicly. In a business scenario confidentiality is a top priority.

Key Documents for Buyers and Sellers

FOR SELLERS

Corporate Resolution: Secretary authorizes President or other company official to sign documents.

Owner Benefit Statements: Recasts financials to reflect owner benefits (combination of net profit, depreciation, amortization, interest and any other non-essential expenses that benefit the owner).

Listing Agreement: The formal contract to list and market a business.

Asset List: Assets are valued at current value not original or replacement cost.

Transaction Broker Notice: FBX serves as a transaction broker. We represent the transaction, not the buyer or the seller. Under Florida law this is the default status.

Consent of Spouse to Sell: only for businesses set up as a sole proprietorship.

Exclusion Addendum: Allows a seller to exclude for 30 days any buyers he’s contacted before signing with a broker.

Seller Questionnaire and Disclosure

FOR BUYERS Non-Disclosure Agreement: Guarantees a seller that the potential buyer will not disclose any of the confidential information provided.

Buyer Personal Profile: Includes financial information and background on buyer.

Asset Purchase Agreement: This is the offer to purchase a business and most often includes a contingency that the buyer does not have to complete the transaction if not satisfied with results of due diligence.

is usually thrilled to see ads spelling out the address and details of the house in the newspaper, online, in a box on his lawn and, if possible, via a squadron of skywriters. Not so with the Sale of a Business. The Buyer is going to be privy to the seller’s most sensitive information - including financial operating results and perhaps tax returns. It also is critical to the seller that his employees, customers, and vendors not be aware of the intention to sell until the new owner is ready to operate the business. Consequently, you will always be asked to sign a confidentiality (non-disclosure) agreement confirming that you must not reveal to anyone who is not involved in the transaction that the business is for sale. You also agree not to disclose any of the financial or other information about the business provided during the course of a business acquisition.

In summary these three are not all the paperwork elements of business buy/sell transactions, but they are among the friendly cops on the beat that are there to protect and serve.

New Listings

BBF-75609120 - Metal Manufacturing Company, Duval County, FL

Price : 1,150,000 Down : 975,000

Sales : 1,777,000 Adj Net : 199,000

BBF-75609124 - Auto/Truck Accessories, Duval County, FL

Price : 840,000 Down : 840,000

Sales : 929,000 Adj Net : 255,000

BBF-75600104 - Transport/Auto Delivery, Nassau County, FL

Price : 1,250,000 Down : 625,000

Sales : 2,070,000 Adj Net : 356,000

BBF-75600105 - Data Management, Duval County, FL

Price : 190,000 Down : 190,000

Sales : 285,000 Adj Net : 94,000

BBF-75600103 - Fast Food/Non-Franchise, St. Johns County, FL

Price : 167,000 Down : 167,000

Sales : 350,000 Adj Net : 34,000

BBF-890717013 - Pizza, Pasco County, FL

Price : 139,000 Down : 100,000

Sales : 385,000 Adj Net : 86,000

BBF-76309023 - Construction Supply, Bay County, FL

Price : 1,190,000 Down : 1,190,000

Sales : 900,000 Adj Net : 270,000

BBF-76309022 - IT Solution Provider, Escambia County, FL

Price : 450,000 Down : 450,000

Sales : 600,000 Adj Net : 150,000

BBF-95311030 - Smoothie Cafe, Lee County, FL

Price : 150,000 Down : 150,000

Sales : 379,000 Adj Net : 44,000

BBF-95311029 - Bar/Restaurant, Lee County, FL

Price : 625,000 Down : 450,000

Sales : 1,960,000 Adj Net : 291,000

Search our full catalog of listings at www.fbxbrokers.com

Successful Transactions

Physical Therapy, Manatee County, FL

Chris Savage is proud to announce the sale of a Physical Therapy business. This business sold for 32% of annual revenue and 1.8 times annual owner benefit.

Wine Retail Store, Charlotte County, FL

Eric Gall is proud to announce the sale of a Wine Retail Store in Charlotte County, Florida. This business sold for 116% of annual owner benefit.

In the past 10 years, FBX has sold over 221 businesses for a total of $74,390,250. Combined with other broker's listings, we have sold well over $125,000,000. Contact your local FBX Intermediary for assistance in selling or buying your business today!
Contact Chris Savage  813-784-4457
Visit My Website

Visit the Florida Business Exchange Website

New Listings for 8/01/2011

BFS-251808: Country Cooking at Its Best...Lunch Cafe Location: Jacksonville Asking Price: Less than $100 Thousand ($79,900) Summary: Country cooking at its best! Don't miss out on this great restaurant that has been in the same location for 8 years after expanding 2 times due to demand. They are only open from 10am-2pm and are not...

BFS-251680: Gourmet French Restaurant For Sale Location: Florida (Collier County) Asking Price: Between $100 Thousand and $500 Thousand ($290,000) Summary: Gourmet French restaurant with exceptional profitability in fabulous Naples, Florida. Only open for dinner - could expand to lunches as well. Closed each September so owners can travel. Solid growth and...

BFS-251620: Great Location Heart of Coral Gables Location: Florida (North Coral Gables) Asking Price: Between $100 Thousand and $500 Thousand ($130,000) Summary: Great location heart of Coral Gables, few blocks north of Miracle Mile. Location has continously operated as a restaurant for more than 25 years. The restaurant is surrounded by three new high rise office/...

BFS-251619: Over $2Million in Sales of Latin Food a Year Location: Florida (Kendall) Asking Price: Between $100 Thousand and $500 Thousand ($1,200,000) Summary: Over $2 Million in Sales of Latin Food a Year. Upscale and moderately priced family style restaurant located in the busiest high traffic area of Central Kendall. Serves large portions of Latin Food to...

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BFS-251607: Seafood Restaurant Location: Other Florida (Fort Myers Beach) Asking Price: Between $100 Thousand and $500 Thousand ($210,000) Summary: A 21 years old established Seafood Restaurant, will say no more. It is a well known restaurant for fresh seafood with seats for 165 and a full liquor license (4COPSRS). The owner owns a wholesale seafood... Visit my Website to Search for Businesses Visit the Florida Business Exchange Website Contact Chris Savage 813-784-4457

Sports Bar For Sale in Bradenton, Florida - Price Reduced

Price was:  $499,000
New Price: $449,000

Down Payment
Was:  $ 250,000
Now: $ 130,000

Owner Benefit $ 165,000

View other listings for sale

Contact Chris Savage

Visit The Florida Business Exchange Website

Watch Videos on Buying and Selling a Business

New Italian PIZZA & Pasta Restaurant for sale - "Great Value"

Enter Listing Number to go to:       Listing No: BBF-890717013 Category : Restaurants SIC : 5812 Detail : Pizza Shop Price : 139,000 County : Pasco Down : 100,000 State/Prov : Florida Adj Net : 85,645 Country : USA Sales : 384,895 Fantastic Location, Great Build-Out. Great Sales. Italian Pizza, Pasta and Sandwich Restaurant needs attentive owner to take it to the next level. Large customer base and growing. New market opening up as a major construction project is finishing up on this busy road in a high traffic Plaza. Sales are growing along with profits. Must See. Financing available to qualified buyer, Owner will discount for Cash. Landlord open to discount lease to $18/sq/ft for greater profits Reason for Sale : Corporate Job / Needs Attentive Owner General Location : Tampa Bay Organization Type : Corp 'Sub S' Hours Owner Works: 5 : Years Established: 2 Years Owned: 2 Emp FT: 2 Emp PT: 8 Mgrs: 8 Non Compete : Miles: 15 Years: 3 Weeks Training: 1 Cost: 0 Operating dys/hrs : Mon-Sat 11-9, Sun 12-9 Skills/Licenses : Management Business is : Relocatable: N Home Based: N Franchise: N Lender P/Q: N Previous Listing | Last Listing | Agent's BLI | Buyer's BLI | Single Line Listings Add Disc to Docs Cart | Add BLI to Docs Cart | View Docs Cart | Main Menu Data Source Owner to Prove Owner to Prove Year (Cash Flow) 2010 (Y) 2009 (Y) (N) Gross Revenue 384,895 377,135 0 Cost of Goods 129,566 112,391 0 Gross Profit 255,329 264,744 0 Expenses 235,920 251,478 0 Net 19,409 13,266 0 Owner Salary 40,958 38,235 0 Benefits 1,925 1,925 0 Interest Expense 4,700 6,250 0 Depreciation 18,653 11,714 0 Other 0 0 0 Owner Benefit 85,645 71,390 0 Accounts Rec 0 N* Real Estate 0 N* Inventory 1,500 Y* ___________ 0 N* F F & E 21,000 Y* Total Assets 97,500 Y* Leasehold 75,000 Y* *Included? Lease/Month: 5000 Square Footage: 1750 Building Type: Plaza Terms & Options: Negotiable Expiration Date: 12/31/2011 Loan/Assumable - Amt: 0 Mos: 0 Rate: 0.00 Mo Pmt: 0.00 Loan/Seller - Amt: 39,000 Mos: 36 Rate: 6.00 Mo Pmt: 1,186.46 Loan/Other - Amt: 0 Mos: 0 Rate: 0.00 Mo Pmt: 0.00 CHRISTOPHER SAVAGE Office : (813) 784-4457 ASSOCIATE Agent Direct : (813) 784-4457 FLORIDA BUSINESS EXCHANGE INC Fax : (813) 835-9851 550 REO ST, SUITE 300 Cell : (813) 784-4457 TAMPA, FLORIDA 33706 Email : cesavage@verizon.net USA Home Page : savagebusinessgroup.com The seller provides all data and financial information on this business for informational purposes only. The broker does not warrant the above information and advises the buyer to seek professional advice when purchasing a business. This offering by the seller is subject to change or withdrawal without notice. This information sheet has been prepared on a confidential basis exclusively for: Contact Chris Savage Visit the Florida Business Exchange Website      Watch Videos Search other Businesses for Sale