Archive for the ‘business for sale’ Category

South Florida Business Broker announces client being acquired by public company

October 24, 2017

Edward Sklar, of the South Florida for Me team of United Realty Group has announced that a Boca Raton company he has listed is in talks to be acquired by a public company.

Sklar attributed the quick interest in this business to the Concierge Business Broker approach he has taken with businesses which includes limiting the amount of businesses he handles at any given time. Additionally, his unique approach of developing a custom business plan for each business he lists maximizes the value the business owner receives.

Business Broker South Florida

Please see full description of acquisition below:

 

iTeknik Holding Corporation (OTC: ITKH) in Acquisition

Talks with TransMedia Group

wall-street.com /teknik-holding-corporation-otc-itkh-in-acquisition-talks-with-transmedia-group/

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The Awarding Winning International PR firm TransMedia Group

The awarding winning, multi-lingual international PR firm TransMedia Group (http://www.transmediagroup.com) said it

is in discussions to be acquired by a public company, iTeknik Holding Corporation (OTC PINK: ITKH).

Serving clients worldwide since 1981, TransMedia Group has the strong market presence, brand awareness,

talented and dedicated staff that iTeknik finds attractive, said TransMedia Group CEO Tom Madden.

iTeknik is in the process of implementing a strategy

iTeknik said it’s expanding its acquisition strategy to include PR after meeting Madden, the “Spin Man” himself, and

seeing the amazing success his PR firm TransMedia Group (http://www.transmediagroup.com) has had in helping its

clients to grow and prosper.

iTeknik (www.iTeknik.com) is in the process of implementing a strategy to acquire fundamentally sound companies

that are market accepted, scalable and demonstrate a quantifiable value proposition.

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Fred Wicks, Chairman and CEO of iTeknik.

“Until recently, our focus has been to acquire companies involved in marketing, advertising and digital media, but

after meeting Madden and his stellar staff, we’ve added PR to the mix and were now in discussions with TransMedia

Group in that regard,” said Fred Wicks, Chairman and CEO of iTeknik.

“We could provide TransMedia Group with exemplary marketing, advertising and digital services for its clients.”

Press Release

Tom Madden founder of TransMedia Group in New York City

Madden founded TransMedia Group in New York City

soon after he left NBC, where he was Vice President,

Assistant to the President, then Fred Silverman, for

whom he worked previously at American Broadcasting

Companies.

Among TransMedia’s first clients were AT&T, Kellogg’s,

Drexel Burnham Lambert and the City of New York, for

whom TransMedia created award-winning PR

campaigns, one promoting fair housing in the city that

earned TransMedia a coveted Bronze Anvil Award from

the Public Relations Society of America.

TransMedia helps client companies sell

for billions.

In 1987, Madden relocated the firm to South Florida

where today it operates out of a commercial building

Madden owns in downtown Boca Raton. One of his

former clients, Carl DeSantis credits TransMedia’s

publicity for increasing the nutritional supplement

company’s revenues from $150 million to over $900

million until DeSantis sold the public company for $1.6

billion. TransMedia’s publicity helped the stock of

another DeSantis company, Celsius Holdings Inc.

(CELH:US) to rise from $ .30 to $5.00. The company

today is on NASDAQ CM.

One of TransMedia’s growth areas is its newly-established talent and modeling division, TransMediaVersatileTalent

(TVT), which currently is signing many celebrities whom it will represent as their agent and manager. For rising

talent Lynn Aronberg, TransMedia arranged for her to be in the cast of upcoming reality show, Palm Beach

Housewives after booking her for interviews on FOX TV, Inside Edition and with Wasington Post and other media

outlets worldwide.

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ITeknik Revenues Rising

Madden said he is impressed how iTeknik’s revenues are expanding. iTeknick’s revenues for the year ending June

30, 2017 were $1,144,925 vs. $952,149 for the year ending June 30, 2016.

iTeknik has transitioned from the Telecom industry to Marketing, Advertising and the digital media space with the

start-up of its Big Rhino Agency in January, which was able to increase its revenues by more than a hundred

percent, said Madden.

Wicks said he is looking to acquire companies that have the potential to achieve exceptional performance over time

with a focus on the Marketing, Advertising and Digital Media and now the Public Relations space.

iTeknik lends its operational support, management approach and financial resources to these companies to help

them achieve improvements in revenue, earnings growth and positioning in the marketplace.

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Big Rhino Corporation added several Las Vegas based clients

iTeknik currently operates Big Rhino Corporation as a wholly owned subsidiary, while actively seeking additional

acquisitions.

Big Rhino Corporation, a startup in January 2017, has increased its revenues by 101% through August. It has

expanded its business in Las Vegas by adding several automotive clients to its existing Arizona and California

dealerships. Big Rhino has also diversified into the medical and real estate markets.

“Our strategy is to tap the synergy among these acquisitions to maximize organic growth, improve profitability and

leverage client and supplier relationships,” Wicks said.

Wicks has substantial experience in marketing, holding positions such as Editorial Director for Creative Universal,

Director of Marketing Services for a $3 billion division of Rockwell International Corporation and worldwide

marketing responsibility for a $400 million division of Invensys Air Systems.

Wicks Marketing Group founded in 1990

He was also the CEO and President of The Wicks Marketing Group, Inc., a consulting company that he founded in

1990. He is a former Senior Vice President with the CompAir Division of Invensys Air Systems, where he had P & L

responsibility for $200 million in European and South American businesses.

Wicks also had responsibility for world-wide product management and engineering. He has a Bachelor of Arts in

Journalism and an MBA degree from Wayne State University in Michigan

Learn more about TransMedia rated as the “BEST PR FIRM IN SOUTH FLORIDA”

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TransMedia Group’s Talent Division

Provides Oomph To Its PR Campaigns

For more information: contact Adrienne Mazzone 561-702-4999; amazzone@transmediagroup.com.

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Baby Boomers Buying Businesses

August 20, 2017

Baby Boomers Dilemma-Buying a Business at your Age?

 

As a card carrying member of the Boomer generation and a South Florida Business Broker  I hear the stories of why business owners are selling their Florida businesses. Perhaps even more interesting is why so many Boomers are interested in Buying a Florida Business at this stage of their life.

Search Florida Businesses for Sale

This is because many Baby Boomers in Florida are too young to retire, and are facing age discrimination in the corporate world.  What is a better way to use your years of experience in the corporate world than to leverage your strengths  and buy a business in Florida?

 

An interesting tidbit is that those in the age group between 55-64 years of age form businesses at a higher rate than any other age group. Many people in this group have substantial retirement accounts but  realize that starting to use these funds too early makes retirement a tradeoff of trying to live life on a fixed and limited income.

Many people are realizing the cost of living in many places in the country does not enable a lifestyle that is conducive to quality of life that you have work so hard to achieve and why Florida has become a leading choice for those seeking a lifestyle change.

 

As a Boca Raton Business Broker I am primarily involved with South Florida businesses for sale which includes business listings in Palm Beach, Broward, and Dade Counties. However, my membership in the Business Brokers of Florida (BBF) gives me an opportunity to find businesses for sale throughout Florida.

 

Many people I have spoken with are not certain which type of business makes the most  sense for them which has prompted me to create a questionnaire to help narrow down the choices. If you have an interest in receiving a copy of this document send me an email
edwardsklar@southfloridaforme.com  and I will be pleased to send it to you.

 

 

 

 

 

Many of the businesses we have available offer owner financing but

 

here are the most popular funding solutions we use to provide funding:

  • 401(k) Business Financing (Rollovers for Business Start-ups)
  • SBA Loans
  • Unsecured credit
  • Portfolio Loans

 

 

Please think about how secure you will feel in buying a business with established cash flow where your expertise can bring it to another level. All of our clients receive an opportunity to work with our team of professionals for assistance in areas such as legal, accounting, marketing, sales, and business planning.

 

For Sale/Partnership-Skin Cancer Diagnostic Lab Business

August 13, 2017

South Florida company has saturated local market with 14 Medical Laboratories placed in local Dermatology offices. This concept enables patients to receive Next Day Diagnosis to verify if their growth requires further action. The owner is seeking a Strategic Buyer/Partner who has the resources to grow this proven profitable business outside of this local area. Dermatologists are eager to place a lab in their office as it generates a substantial profit center from a small office (or even a closet). Also, patient satisfaction is enhanced by their ability to receive a rapid diagnosis instead of having to wait a week until the lab results come back from the external lab.

Please send your name, address, email, and phone to receive an N.D.A. and Offering Memorandum

Contact:edwardsklar@southfloridaforme.com

Edward Sklar, Business Broker/REALTOR

South Florida for me/United Realty Group

Search Businesses for Sale in Florida

http://www.southfloridaforme.com

Public Relations/Digital Media-For Sale

August 4, 2017

The award winning company has a 30+ year history and has represented a range of companies from Fortune 500 to small firms. In addition to traditional Public Relations, the company is nationally recognized leader in Crisis Management. Additionally, the company has built Digital Media, Video Production, and a Talent Agency into their offerings.

 

The company is a profitable Public Relations firm located in South Florida founded by a legendary figure in the industry. The company has a multi-lingual staff, and has affiliated offices across the world.The staff will remain with the company.

Would you have an interest in learning more about this opportunity? If so, I will send you an NDA, and upon receipt I will send an offering memorandum

 

Please send inquiries to: edwardsklar@southfloridaforme.com

Edward Sklar

Business Broker & REALTOR

United Realty Group/South Florida for Me

 

Search All Businesses for Sale in Florida

Florida Business for Sale

For Sale-Company Specializing in Crisis Management,Public Relations, & Digital Media

July 25, 2017

Has your Company Reputation been Shanghaied? Business Broker working with the sale of a Public Relations company that specializes in Crisis and Media management led by an Industry Guru. This Florida based company has the skill set to handle all Public Relations outreach for your organization, and show a substantial profit. The company has international affiliates, and the multi-lingual staff will remain with the company. This company is attractively priced in the $1m range

For details contact: edwardsklar@southfloridaforme.com

 

HyperFocal: 0Search Businesses for Sale in Florida:
Search Florida Businesses for Sale

 

Using your Retirement Account to Buy a Business

June 30, 2017

Buying a Business using your Retirement Account

838206427

SEEKING FUNDING TO BUY A BUSINESS?

Have you considered using your Retirement Account? Learn more at app.guidantfinancial.com/Partner/Prequal/GetByName/unitedrealtygroup
Searching for the right Business to Buy?
email me at: edwardsklar@southfloridaforme.com

Zen & the Art of Selling your Business

June 1, 2017

Zen emphasizes rigorous self-control,, and the personal expression of  Doing Good in daily life, and Buddhism explains a purpose to life, it explains apparent injustice and inequality around the world, and it provides a code of practice or way of life that leads to true happiness.

 

A South Florida Business Broker has created a Zen Concierge Model to Selling your Business that provides a No Stress approach to the owner, and No Fees until your Business is Sold. Selling your Business

 

Confidentiality is a key component to our approach and your employees, customers, and suppliers are not alerted to the fact that your business is for sale. A binding Non Disclosure Agreement is signed by every prospect prior to receiving any information about your business.

 

The Concierge approach entails providing a custom Business Plan to reflect the potential value for your business. The Business Plan becomes the “Secret Sauce” to maximizing the value of your business, and clearly differentiates South Florida for Me Business Brokers in this space.

 

Our extensive database of buyers include Private Equity firms, Corporations, and Qualified Individuals who are looking for niche businesses whose potential has been limited by lack of capital, sales, or marketing resources. We currently have a strong demand for businesses with revenue between $500,000-$3,000,000.

 

Our Social Media Network is expansive, and Edward Sklar is one of the most socially connected Business Brokers in South Florida, with literally hundreds of thousands of professional connections across the country.

 

Also, Edward is a REALTOR, and used his Real Estate connections as a Referral Database

The www.southfloridaforme.com team of United Realty Group is accepts referrals from agents for clients interested in purchasing a business in South Florida.

If the ZEN Concierge approach sounds interesting please contact me at:

edwardsklar@southfloridaforme.com

www.southfloridaforme.com

Financing a Business Acquisition in Florida

April 8, 2017

The Florida Business Brokers  team are members of the Business Brokers of Florida, and provide a concierge approach to helping buyers evaluate the appropriate business to meet their requirements. 

One of the questions we hear most often is how can I finance the business I am interested in?

We have compiled a list of resources for you to begin exploring, and have several lenders available who have been successful in obtaining loans for viable businesses.

One of more popular loans is those guaranteed by the SBA. Please follow this link to view a quick video showing the highlights of this program.

https://www.sba.gov/videos/sba-loans-explained

The State of Florida offers many types of financing:

Florida Development Finance Corporation (FDFC)
State Small Business Credit Initiative (SSBCI)
Enterprise Florida, Inc.’s (EFI) Minority & Small Business, Entrepreneurship and Capital (MaSBEC) division partners with outside organizations to provide small, minority and entrepreneurial companies with training, development and financing options. EFI has an extensive network of state, federal and non-profit resources ready to assist small businesses in accessing capital, entering new markets, and creating revenue growth and job creation.
Capital Programs
EFI facilitates the following capital programs that match qualifying small businesses with lenders that can provide financial assistance and lines of credit:
Small Business Loan Support Program
EFI’s State Small Business Credit Initiative (SSBCI) and Microfinance Guarantee programs are designed to assist small businesses in obtaining loan approvals and leverage private capital for use in startup costs, working capital, business procurement, franchise fees, equipment, inventory, or the purchase of owner‐occupied commercial real estate. The program provides a lender with the necessary security, in the form of a partial guarantee, for the lender to approve a loan or line-of-credit.
Bond Financing
The EFI‐managed Florida Development Finance Corporation (FDFC) was created to be a conduit issuer (not direct issuer) of industrial revenue bonds (IRBs) for small manufacturers and 501(c)3 organizations. The advantage of IRBs is the potential to provide borrowers significant interest and state tax savings. IRB proceeds may be used for capital expenditures only, such as the purchase of land, new long‐term equipment, and building construction/renovations.
Venture Capital Program
The EFI‐sponsored Florida Opportunity Fund provides venture capital for start-up and early-stage businesses. State Venture Capital Programs often take one of two forms: a state-run venture capital fund (which may include other private investors) that invests directly in businesses; or a fund of funds, which is a fund that invests in other venture capital funds that in turn invest in individual businesses. Many factors, particularly resources and available talent, inform a state’s decision on which form to choose.
Phase 0 Program
EFI’s SBIR/STTR Phase 0 Program helps Florida’s small businesses improve their chances of submitting a successful Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) Phase 1 proposal for federal research and development funds. Eligible expenses include market research, technology consulting services, grant writing assistance, related travel and legal/accounting fees.
Minority Business Development
EFI has endeavored to support existing minority development efforts by partnering with established outside organizations to provide small, minority and entrepreneurial companies with training, development and financing options. EFI has an extensive network of state, federal and non-profit resources ready to assist small businesses in accessing capital, entering new markets, and creating revenue growth and job creation. Specifically, a Group of 6 or “G6” partners have been vital to a successful outreach and communication in this area. Our G6 partners include:
The Florida Advisory Council on Small and Minority Business Development
The Florida Association of Minority Business Enterprise Officials
The Florida Consortium of Black Business
The Hispanic Business Initiative Fund

 

Please find much more info on funding and special situations such as businesses likely to secure a visa, businesses for veterans, etc..

If you are interested in finding a business for sale in Florida contact me:

edwardsklar@southfloridaforme.com

 

www.southfloridaforme.com

 

Why Gamble on Buying a Business?

December 28, 2016

Gambling on Business

Every business broker has had the experience of being contacted by a potential client who states very simply that they want to buy a Business or Franchise. How many of these conversations make it abundantly clear that they have misconceptions as well as no clear understanding of what type of business is suitable for their skill set and level of experience? The most common misconception that we encounter at www.southfloridaforme.com is the almost religious belief that buying a Business or Franchise is an automatic recipe for success. From there the conversation can reveal an unrealistic assessment of the skills necessary for success and the fact that the necessary skill set may vary greatly with the type of business. What to do? We have a buyer standing in front of us looking for guidance and sound advice in the decision to buy a Florida Business. Here is what we do:

We have developed a very straightforward and user friendly questionnaire that we insist that the client fill out. I ask them to include in the process any and all decision makers who will be part of the process of selecting the most suitable opportunity. I want to know how they feel about risk and debt. I want them to consider in advance how much they are willing to work so that they have a realistic expectation and choose a field that conforms to their expectation. We know there are businesses that are pretty much 40 hours, no weekends, etc. and others that will suck every hour of wakefulness out of you. We know the level of profit to expect and how that relates to the workload. They may have no idea about these things. By the time they finish filling out my questionnaire they will have considered and discussed most all of the most important factors that they should consider before rather than after they have started making any decisions. By going through their answers together we can develop a set of criteria to aim to satisfy.

Next comes the part of the questionnaire that deals with identifying their personal skill set(s). The goal is to address how any deficits in skill or experience can be compensated for or outsourced. The true talents, experience level, and skills that the client brings to the potential new business can now bring the conversation to the next step in the process.

Now I want to identify Business opportunities that meet the criteria we have developed. The last step is to compare what we have found to a non-franchise business opportunity in the same area, business category, and other criteria we have developed. It may just be that after a thoughtful conversation that our client can see that they are more suited for an existing business that is for sale. At least now we can have that conversation and truly deliver the guidance and sound advice that was their reason for contacting us in the first place.

If you would like to see this questionnaire please request so by emailing us at edwardsklar@southfloridaforme.com