Tuesday, August 27, 2013
Commercial Markets Showing Growth
Commercial real estate markets are seeing a decline in vacancy rates with modest rent growth, according to the National Association of REALTORS® quarterly commercial real estate forecast.
“Office vacancies haven’t declined much because total jobs today are still below that of the pre-recession level in 2007, but rising international trade is boosting demand for warehouse space,”Lawrence Yun, NAR chief economist. “Consumer spending has been favorable for the retail market, and rising construction is keeping apartment availability fairly even, though at low vacancy levels. That, in turn, is pushing apartment rents to rise twice as fast as broad consumer prices and average wage growth.”
National vacancy rates over the coming year are forecast to decline 0.2 percentage point in the office market, 0.6 point in industrial, and 0.6 point for retail; however, the average multifamily vacancy rate is unlikely to change, with that sector continuing to experience the tightest availability and biggest rent increases.
NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Historic data for metro areas were provided by REIS, Inc., a source of commercial real estate performance information.
Read more at National Association of Realtors
Friday, August 23, 2013
Florida Ranks High on Business Climate
The 2013 Business Facilities Rankings Report, ranks Florida as No. 2 to Texas as having the best business climate. While there is not a lot of difference in many of the finishers, Texas is the clear leader in some categories.
However, Florida ranked No. 5 in the business tax environment. Texas is just No. 9. Florida also is No. 4 in workforce training, dominated by Southeastern states.
Business Facilities is a media company specializing in site selection.
“Texas was the first state in the U.S. to bounce back to pre-recession employment levels in 2011 while most of the rest of the country was still digging out of a deep economic trench,” the report stated. Texas has become a global leader in semiconductors and a rising star in bioscience “supported by a world class university system,” the report noted.
But Georgia is no slouch either, finishing No. 5 in economic growth potential, one spot ahead of Florida. In this category, energy is a huge factor. The oil boom puts North Dakota at No. 1.
Florida ranked No. 4 in aerospace/defense and No. 6 in biotechnology employment.
It’s disappointing, however, that Florida has not done more in the alternative energy field. Yes, the Sunshine State has plenty of clouds during its subtropical summers. In fact, JEA says the best month for its solar energy facility is January.
Florida is trailing states like Washington and Oregon in renewable energy. Solar energy is growing fast, gaining in economic competitiveness. Also, despite its long growing season, Florida is tied for No. 7 in cellulosic ethanol production. Alabama is No. 1 and Georgia is No. 3.
Another key to state economies is taking care of infrastructure – the roads, bridges and utility systems that must be in place. Here, too, Florida is No. 2 to the leader in Texas.
This metric was carefully measured to include items such as the percentage of bridges and roads in poor condition and estimated 20-year drinking water needs.
Copyright © 2013 ProQuest Information and Learning Company; Florida Times Union
Tuesday, August 20, 2013
Printer Supplies Franchise For Sale
Price $184,000; Sales $331,545; Cash Flow $85,088
Contact Ian Harding, kw Business, (941) 725-1468, Email: ian.harding@kw.com, Web: http://MyBizOnTheGulf.com
Contact Ian Harding, kw Business, (941) 725-1468, Email: ian.harding@kw.com, Web: http://MyBizOnTheGulf.com
Business Description
Popular Printer Supplies franchise in a great location with lots of visibility from a high traffic area of Sarasota. This international franchise provides environmentally friendly ink and toner printer cartridges to retail (40%) and business (60%) customers at prices much less than the big box stores in the locality. Opportunity awaits a new buyer of this great business as new product lines become available from the franchisor, and there is ample room to expand the B2B managed service that is popular with local professionals and businesses such as medical facilities and legal firms. In addition, the company has national reach to imaging companies across the USA.
Detailed Information
Facilities: Located in a 1300 sq ft strip with lots of parking. Lease is currently at $1325 per month.
Competition: Limited competition due to Seller's B2B acumen and international franchise backing allowing significant discounts compared to the large stores in the locality.
Growth/Expansion: Expansion of the B2B managed service awaits a new owner of this franchise operation, as well taking advantage of the new product lines that the franchisor makes available to the franchisee.
Financing: $84,000 @ 7% for 3 years
Support/Training: Seller will train for 2 weeks at no cost to Buyer.
Reason Selling: Retirement.
Monday, August 19, 2013
Good News in the Housing Sector Bodes Well for Future Economic Growth
"The economic recovery has completed its fourth year, but it has not been without growing pains,” says Frank Nothaft, Freddie Mac’s chief economist. “The U.S. has experienced the weakest economic recovery coming out of a recession in the Post-War era. Despite the eye-popping monthly house price appreciation taking place in some parts of the country, the recovery that has lingered for years is just now starting for many Americans. Fortunately, we should see this positive housing trend continue to improve in the second half of the year. A housing recovery is a broad-based recovery, benefiting all Americans, and therefore the overall economy."
Economists point out in the report that the positives in the housing market can help lift the economy in three main ways:
- Increasing construction - Rising demand for housing will help increase new single-family and multifamily construction, and in turn boost home sales. Economists project that starts will hover just below 1 million over the second half of the year, which will mark the best six-month building pace since the first half of 2008.
- Wealth effect - "Through the housing wealth effect, rising home prices should help to spur consumption spending," economists note. Home equity lending is already showing signs of rising. In the second quarter, $9.5 billion in home-equity was cashed-out as part of a refinance.
- Rising home prices - The uptick in home prices will aid the economic recovery by helping to spur small business formation — “as a business owner’s home often serves as collateral for a start-up,” economists note in the report.
Source: Freddie Mac
Friday, August 16, 2013
Florida Rebounding with Foreigners' Housing Cash
In the 10 Florida counties that have had the largest influx of international cash since 2010, property-tax assessments have risen by an average of 4.1 percent this year, according to state records. That’s nearly twice as fast as the rest of the state.
“It’s all been attributable to the foreign buyer,” Norman Edelcup, mayor of Sunny Isles Beach, a city of 21,000 north of Miami where values jumped 10.2 percent this year, boosting tax revenue.
The purchases are helping localities in south and central Florida recover from the 18-month recession, which ended in June 2009 and left the state with the second-highest foreclosure rate, behind Nevada, depressing prices and tax revenue.
Even with the buying, prices in most parts of the state haven’t returned to pre-recession levels. In the metropolitan areas of Miami and Tampa, prices are about 40 percent below the 2006 peak, according to an S&P/Case-Shiller housing report released July 30.
Foreign investment in Florida residential property has been rising since the end of the recession, according to a March report by the Washington-based National Association of Realtors.
The purchases are helping localities in south and central Florida recover from the 18-month recession, which ended in June 2009 and left the state with the second-highest foreclosure rate, behind Nevada, depressing prices and tax revenue.
Even with the buying, prices in most parts of the state haven’t returned to pre-recession levels. In the metropolitan areas of Miami and Tampa, prices are about 40 percent below the 2006 peak, according to an S&P/Case-Shiller housing report released July 30.
Foreign investment in Florida residential property has been rising since the end of the recession, according to a March report by the Washington-based National Association of Realtors.
Wednesday, August 14, 2013
Lawn/Landscaping Businesses For Sale in Sarasota, Florida
| Listing No. | Location | Category Detail | Price | Down | Adj Net | Sales |
| BBF-84301073 | Sarasota, Florida USA | Lawn/Landscaping|Tree Service | 595,000 | 345,000 | 252,215 | 994,979 |
| Dominant Tree Service business on Gulf Coast. Turn Key. Owner has built business on customer service Guaranteed. Safety, timeliness and attention to detail separates this company from it's competition. With some 550 clients, recurring and future profits is a given. The equip. list is extensive...Assumable Equip.notes payable are $92,000. Commercial work accounts for 90% of revenues. Association memberships and ISA certified Arborists on staff. Option for owner to stay. |
| BBF-95108001 | Manatee, Florida USA | Lawn/Landscaping|Lawn Biz Landscaping | 465,000 | 465,000 | 70,121 | 375,000 |
| Great established 32 year old landscaping and nursery company. Complete landscape, design and installation business. Works with custom home builders, and individual homeowners to design and install high quality landscapes. Well established, flourishing inventory with option to buy nursery acreage or lease property. Lots of growth opportunity ++++(Irrigation, sod, maintenance and lighting) |
| BBF-84310057 | Sarasota, Florida USA | Lawn/Landscaping|Lawn Biz Residential | 360,000 | 180,000 | 195,304 | 601,870 |
| A complete lawn care opportunity; mowing, mulch, maintain/trim/replace shrubs & plants, has their own nursery. Chemical application portion of this business not for sale at this price, financials + FF&E have been adjusted in "other" shown below. Over 130 accounts, mostly residential, many very large properties/estates. Facilities; Protected nursery area, covered storage space with sheds, office, large open field. REQUIRED: FINANCIAL STATEMENT, BUYER PROFILE, CURRENT CREDIT REPORT BEFORE SHOWING. |
| BBF-90406426 | Sarasota, Florida USA | Lawn/Landscaping|Lawn Biz Residential | 249,000 | 249,000 | 123,105 | 298,032 |
| This is a full-service lawn/landscaping company that services commercial (30%) and residential (70%) high-end clients in SW Florida. $85,000 of equipment is included in this price. The base monthly billing is $17,000+ a month plus extras. Seller works about 10 hours a week and does not do any of the physical labor. Experienced crew. The company is priced to sell. Excellent business for an E-2 Visa Buyer. Financial statement and background information must be provided before any information is released. |
| BBF-82682027 | Sarasota, Florida USA | Lawn/Landscaping|Lawn Biz Landscaping | 200,000 | 200,000 | 84,155 | 345,000 |
| 23 YEARS OWNED WITH MANY REPEAT AND LONG TERM COMMERCIAL AND RESIDENTIAL CUSTOMERS. IRRIGATION INSTALLATION AND REPAIRS, LANDSCAPING,LAWN AND GARDEN MAINTENANCE ,TREE AND SHRUB TRIMMING. COMPANY IS A FULL SERVICE OPERATION . SITUATED IN AN AFFLUENT AREA OF SOUTH WEST FLORIDA CLOSE TO BEAUTIFUL GULF BEACHES. BUYERS SHOULD HAVE KNOWLEDGE AND EXPERIENCE OF LANDSCAPING AND MAINTENANCE ETC BEFORE APPLYING. . OWNER AND WIFE PREPARED TO CONTINUE MANAGING AND WORKING AT TERMS TO BE AGREED. |
| BBF-95313028 | Manatee, Florida USA | Lawn/Landscaping|Lawn Biz Residential | 195,000 | 195,000 | 81,316 | 241,509 |
| This will qualify for an E2 visa. Over 200 accounts, mostly residential and most accounts are over 10 years old. Over 80% of accounts within 5 miles. Basic billing is $15k per month with over $3k per month of extra billings monthly. Price includes Truck, Trailers, commercial mowers and all necessary equipment. Equipment is well maintained and in great working order. Sellers duties are accounting, billing, scheduling and estimating. No physical work or weekends. All numbers are verifiable. |
| BBF-84300279 | Manatee, Florida USA | Lawn/Landscaping|Landscape Lighting | 139,900 | 139,900 | 127,500 | 250,000 |
| What an Opportunity! Live & work from home in fast-growing SW Florida community close to beaches. Turnkey Energy-Efficient Landscape Lighting business complete with 2010 GMC Sierra SLE Pickup & Topper w/70K miles; attractively wrapped 6' x 10' enclosed trailer with all tools, ladders & inventory to do the job. Great reputation for honesty, prompt excellent installations & service. 2013 Est is based on 6 mos numbers. Possible Seller financing for highly-qualified buyer. Hurry - This won't last long! |
| BBF-891300103 | Manatee, Florida USA | Lawn/Landscaping|Lawn Mower Repairs | 125,000 | 125,000 | 62,977 | 171,880 |
| This 37-year-old small engine business sells, services, and rents commercial and residential lawn equipment. It also services pressure washers, generators, ATVs, golf carts, motorcycles, trailers, and marine engines. The business currently has an absentee owner with a manager in place. A buyer who plans to be active should have sales and marketing skills but does not need to be a mechanic, since mechanics are on staff. |
| BBF-891300102 | Manatee, Florida USA | Lawn/Landscaping|Lawn Equipment Sales | 125,000 | 125,000 | 62,977 | 171,880 |
| This 37-year-old small engine business sells, services, and rents commercial and residential lawn equipment. It also services pressure washers, generators, ATVs, golf carts, motorcycles, trailers, and marine engines. The business currently has an absentee owner with a manager in place. A buyer who plans to be active should have sales and marketing skills but does not need to be a mechanic, since mechanics are on staff. |
A Simple Metric to Calculate Marketing ROI
Are you struggling to calculate the return on a marketing campaign or social media investment? Just apply this single, simple equation.
If you're a small business owner, look at the revenue to cost ratio: incremental revenue driven by a marketing campaign divided by the cost. It's a deceptively easy metric, but if you use it properly, you’ll be able to make the bold marketing decisions you need to grow your business.
Once you understand the revenue to cost ratio, it's easy to start ranking marketing decisions. Should I advertise in the newspaper? Should I pay to advertise on Facebook? Should I do a daily deal? All of these decisions can be put through this simple analysis to see if it's a good decision. You can estimate revenue to cost ratio up front, or you can try a campaign once and see if it passes your ROI hurdle.
Utilizing Johari's Window to Generate Growth For Your Business
Check out a version of the concept called Johari's Window--one of the most powerful tools in any business growth leader's toolkit--if you know how to use it.
If the circle represents everything you need to know to successfully grow your business, then the trick lies in knowing the importance and relevance of each of the three segments:
- KK: What You Know You Know
- KDK: What You Know You Don't Know
- DKDK: What You Don't Know You Don't Know
Source: inc.com
Thursday, August 8, 2013
Gas Stations/Convenience Stores For Sale in Sarasota, Florida
| Listing No. | Location | Category Detail | Price | Down | Adj Net | Sales |
| BBF-87900065 | Manatee, Florida USA | Gas Station|Gas Station/C-Store | 850,000 | 850,000 | 0 | 0 |
| Vacant service station property in affluent area lacking in conveniently located gas stations and grocery stores. Easily converted to c-store with or without gas. Corner site has great visibility and access from main highway and from a major side street that is the only route to upscale Longbeach Village neighborhood; to Longboat Art Center, used for social events that overflow the parking lot; and to 2 popular restaurants. Public beach parking immediately across Gulf of Mexico Drive. |
| BBF-87900064 | Manatee, Florida USA | Gas Station|Gas Station/Repairs | 850,000 | 850,000 | 0 | 0 |
| Vacant service station property in affluent area lacking in gas stations and repair services. Also, easily converted to many other uses. Corner site has great visibility and access from main highway and from a major side street that is the only route to upscale Longbeach Village neighborhood; to Longboat Art Center, used for social events that overflow the parking lot; and to 2 popular restaurants. Public beach parking immediately across Gulf of Mexico Drive. |
| BBF-891001067 | Manatee, Florida USA | Gas Station|Gas Station/C-Store | 750,000 | 750,000 | 65,000 | 700,000 |
| BP gas station on main highway. Store does $50k per month @ 30%. Gas commission $1500 per month. Lotto $17,000 at 5%. Very low overhead. Store 1500 sqft. 2 MPDs. Easy business. Owner motivated because he wants to move. |
| BBF-891001068 | Manatee, Florida USA | Gas Station|Gas Station/C-Store | 175,000 | 175,000 | 65,000 | 700,000 |
| BP gas station on main highway. Store does $50k per month @ 30%. Gas commission $1500 per month. Lotto $17,000 at 5%. Very low overhead. Store 1500 sqft. 2 MPDs. Easy business. Owner motivated because he wants to move. |
| BBF-86503705 | Manatee, Florida USA | Gas Station|Gas Station/C-Store | 149,000 | 149,000 | 96,606 | 4,823,824 |
| Grt. opp't. to buy at a great price! Shopping Center behind store is under construction for a new Beaull's Outlet store, TJ Max, Taco Bell next store opening, Starbucks & Baskin Robbins building nearby, & a new Pandera Bread Co. Lots of new growth!!!! This loc. currently does 95K galls. mthly., $ 3k mthly. in car wash, inside $ 43k at 28% GP. & $25k mtly. for Lottery sales. Gas comm. 50/50. Credit car fees Oil Co pays 40%. Buyer to adjust for payroll. |
Restaurants For Sale in Sarasota, Florida
| Listing No. | Location | Category Detail | Price | Down | Adj Net | Sales |
| BBF-894017698 | Sarasota, Florida USA | Restaurants|Family Style | 2,690,000 | 2,390,000 | 186,210 | 550,000 |
| Large Restaurant and Real Estate. Beautifully remodeled 300 seat rest/lounge with SRX license & paved parking. Nicely styled,up to date design inside/out, located along main street & easily accessed w good visability. Great staff fully trained & long term employed. Good operation but owner's partners say "sell". Real estate is included, 7100 S.F. located on 4 lots. Newly remodeled and expanded. 32' hood and large kitchen & food prep area. Banquet room, private parties, and beautiful lounge. |
| BBF-90712810 | Manatee, Florida USA | Restaurants|Italian Restaurant | 599,000 | 599,000 | 200,000 | 1,750,000 |
| WATERFRONT FINE ITALIAN RESTAURANT ON A MARINA WHERE YOU CAN DOCK YOUR BOAT, RELAX WITH A DRINK AT THE BAR, ENJOY YOUR MEAL OUT ON A TROPICAL DECK WITH 100 SEATS, HAVE FUN WITH LIVE ENTERTAINMENT. INSIDE 250 SEATS WITH 2 ROOMS FOR PRIVATE PARTIES , WEDDINGS AND ANY KIND OF EVENT. OPEN DINING WITH A VIEW OF KITCHEN, FULL LIQUOR BAR WITH TV'S TO WATCH GAMES. THIS IS A BEAUTIFUL APPOINTED RESTAURANT WITH VERY WARM AMBIANCE. NOTE: OWNER IS COMPLETELY ABSENTEE. |
| BBF-81108739 | Sarasota, Florida USA | Restaurants|Italian Restaurant | 450,000 | 450,000 | 200,920 | 2,062,301 |
| Gorgeous place and wonderful food with exceptional service. This restaurant is ideal for a very selective experienced Buyer who dreams of the perfect place without having to do all the concept work. Everything has been redone with no cost being spared. The price of the Business is related to the owner's recent investment in it. |
| BBF-81108720 | Sarasota, Florida USA | Restaurants|Brew/Pub | 450,000 | 450,000 | 163,383 | 616,365 |
| European-style Pub with ambiance. A place where people like to gather after work, to celebrate, or to share common interests. The Business has good financial records. Located in a strip mall. Business generated from the surrounding commercial activities, businesses and active community. There are several tables outside. The current owner spent $80K to renovate the premises. |
| BBF-95108028 | Manatee, Florida USA | Restaurants|Seafood Restaurant | 350,000 | 200,000 | 127,200 | 450,000 |
| Cute casual restaurant serving great seafood for lunch and dinner in a laid back beachy atmosphere. Close to the beaches and on a main road in a Freestanding building, Seats 153 and has SRX license and has 20 beers on draft. Business could be expanded by adding breakfast or extending to late night hours. . Does small catering business which also could be expanded to take out BBQ. |
| BBF-95108008 | Manatee, Florida USA | Restaurants|Family Style | 345,000 | 345,000 | 379,420 | 1,162,660 |
| JUST REDUCED! Family friendly, recently remodeled sports themed grill located on busy thoroughfare. Seats 200 inside and an additional 50 on patio.. 40 domestic, international and micro-brew beers on tap and fabulous food! Local following and pulls in additional traffic with live entertainment in separate sound proof area on Wed-Sat. |
| BBF-893200023 | Manatee, Florida USA | Restaurants|Seafood Restaurant | 295,000 | 150,000 | 196,989 | 483,154 |
| Profitable and elegant seafood and steak restaurant, 4COP liquor license available $175,000, superior beach location. Unique menu and wine selection tailored for discriminating customers. Has popular and affordable happy hour. Real estate available. 2,100 sq. ft. restaurant with attractive beach view 1,200 sq. ft. 3/1 Apt. great for live aboard mang. or owner. Does not do Lunch * TON OF POTENTIAL HERE *. Historically has Closed for one month vacation. Reasonable lease terms avail. |
| BBF-892731814 | Sarasota, Florida USA | Restaurants|Banquet Hall/Caterer | 290,000 | 290,000 | 155,688 | 378,756 |
| Why Buy This Pub/Restaurant/Banquet Hall? 25 year history and owner invested $80,000 in improvements for 150+ seat pub/banquet hall which includes 2 bars, stage, dance floor, kitchen and patio seating with long garden lawn to a lake and patio area next to water for events outside, lots of parking provides endless marketing opportunity for parties, weddings, and business, this has lots of growth potential. |
| BBF-891611003 | Manatee, Florida USA | Restaurants|Ethnic Restaurant | 285,000 | 285,000 | 39,162 | 372,057 |
| Well established ethnic restaurant serving a blend of Greek, Italian and American Cuisine. 4COP SRX license with full bar and wine selection with live music from attached martini bar. 3,800 square feet, seating in excess of 200. Profitable and located in well established area surrounded by residential and businesses with plenty of free parking available. |
| BBF-84310054 | Manatee, Florida USA | Restaurants|Mexican Restaurant | 195,000 | 195,000 | 121,936 | 429,657 |
| BEAUTIFUL MEXICAN RESTAURANT IN AN UPSCALE, HIGH TRAFFIC LOCATION! Well established and a favorite with the locals. Whether a full meal, appetizer, mid afternoon snack or a cold Corona, this is the place! An intimate setting with outdoor and indoor tables, seating for 74. Their liquor license allows them to carry beer and wines from south of the border as well as domestic favorites. Operated by a husband/wife team plus employees. Due to personal reasons the seller is very motivated! Call! No drive-bys! |
| BBF-894490001 | Sarasota, Florida USA | Restaurants|Fast Food Mall | 169,000 | 169,000 | 57,712 | 325,545 |
| A Super Fast Food Franchise. Great for the health conscious consumer. No cooking experience needed. No deep fryer. No stove. Free 12 day company training seminar. Current owner will stay for short period of time if desired by buyer. Located in Food Court of this areas largest Mall. Excellent traffic created by Mall and AMC Theatres. Franchise & Lease plus Financial Statements available to qualified purchaser upon execution of Confidentiality and Non-Disclosure Agreement. |
| BBF-95108026 | Manatee, Florida USA | Restaurants|Mexican Restaurant | 150,000 | 150,000 | 106,387 | 387,696 |
| This is charming Mexican restaurant that makes fresh quality food at moderate prices. It is located in a shopping center on a major thoroughfare. Six years old - seats 150 between booths and tables. Has 4COPD liquor license, This restaurant can easily be converted to either a sports bar or an American bar & grill or even a diner! |
| BBF-95108014 | Manatee, Florida USA | Restaurants|Breakfast Lunch | 147,000 | 147,000 | 68,613 | 392,952 |
| This is a unique opportunity to own one of the nicest "Turn Key" restaurants in area. Located on a busy street near many shops this restaurant seats 70 people and serves breakfast and lunch. It has stable and loyal clientele, has great tasting food and has long term employees. Nice operation to run if you are a "people" person and looking to end your work day early or add on dinners and increase the revenues! Would qualify for E2 Visa. Owner may be wiling to hold small note. |
| BBF-88210025 | Sarasota, Florida USA | Restaurants|Gourmet Dining | 145,000 | 130,000 | 87,328 | 249,994 |
| Long Established Fine Dining Restaurant in Sarasota County. Has a loyal following of customers who continue to patronize the establishment. This is a intimate European styled restaurant perfect for a husband and wife team. It has employees in place. The restaurant has tremendous potential for growth. It is only open for dinner hours but lunch hours and menu can be easily added. Serves beer and wine with its well known gourmet entrees. |
| BBF-893213001 | Manatee, Florida USA | Restaurants|Italian Restaurant | 125,000 | 125,000 | 0 | 0 |
| Great opportunity to take over newly remodled and fully equiped restaurant opportunity for basically the value of the assets. Due to other business committments owners have not been able to devote the time and resources necessary to make this opportunity take off. Has been a successful Italian restaurant in this location previously for a number of years. Located in a busy shopping plaza on one of the main traffic arteries in Bradenton. |
| BBF-84363000 | Sarasota, Florida USA | Restaurants|Sandwich Shop | 99,000 | 99,000 | 49,861 | 156,777 |
| Live in paradise & invest in a great business in the #1 beach community in the U.S. !! Talk about history - this sandwich shop has been around since 1962! Loyal local following with great visibility on Route 41 in Sarasota. This is a CASH only business, no credit cards. Employees will stay if asked. Lease can be extended with a good landlord. Plenty of parking to eat in or take out your food. An icon in the sandwich business for longevity. You'll be very pleased with this unique cash opportunity! |
| BBF-893200152 | Manatee, Florida USA | Restaurants|Cafe Type Eatery | 94,500 | 94,500 | 40,000 | 190,000 |
| New Price! The absolute best coffee in town! This elegant and chic European-style boutique gourmet eatery and coffee house is very popular and proves upward trending in sales and profits. Pastry Chef is employee, not owner. Offered turn-key with top-of-the-line FF&E and POS systems. Beer/Wine Lic. available, 50 inside seats, 10 outside seats. Excellent parking, amazing lease terms and room to grow! Priced to sell! Extend hours of operation and add a beer and wine license/ |
| BBF-84300268 | Sarasota, Florida USA | Restaurants|Barbecue Restaurant | 89,900 | 50,000 | 98,568 | 392,089 |
| Your opportunity to own a successful, profitable BBQ Eat In-Takeout-Catering Biz in heart of #1 Beach Community. Mouthwatering ribs, beef brisket, chicken; great sides.Top reviews! Entrepreneur specializes in buying sub-par or closed restaurants, renovating them, bringing to profitability, passing to new owner & moving to next project. $20K stainless smoker, new stainless coolers. Spotless, well-maintained premises. 2013 Proforma assumes new owner replacing present mgr and a 10% food px increase. |
| BBF-95313029 | Sarasota, Florida USA | Restaurants|American Restaurant | 75,000 | 75,000 | 82,040 | 555,325 |
| Likely to qualify for an E2 visa. Sellers moving and want to sell quickly. Classic American fare consisting of simple menu serving breakfast, lunch which consists of sandwiches and burgers and dinner which is only served a few nights per week. Staff is in place so no need to be a cook/chef. One of the highest rated restaurants in the area. Best know for their breakfasts and proteins this is a very desirable local restaurant. Room for growth. |
| BBF-890613641 | Sarasota, Florida USA | Restaurants|Breakfast Lunch | 69,000 | 69,000 | 30,754 | 225,000 |
| Excellent Opportunity to purchase a popular profitable breakfast/lunch cafe' in a prime location. Established in 1993 this cafe' has a great reputation with the local community and sports fans. Additional income through the winter and spring season makes this a must for a husband and wife team who want to be home mid afternoon. Established loyal staff in place. Well equipped. Website included. Good financials. Additional income could be derived from opening later, catering and large groups. |
| BBF-892731028 | Sarasota, Florida USA | Restaurants|Cafe Type Eatery | 65,000 | 65,000 | 0 | 0 |
| Sale of Assets only, existing cafe "waffle house" style restaurant anchored by motel on busy HWY in Sarasota with several other motels in the general area along with the neighborhood to provide business. Owner has been in business for less than a year and must sell for family reasons. Everything is there and a good opportunity to step in and take over what the seller started. |
| BBF-95108018 | Sarasota, Florida USA | Restaurants|Sandwich Shop | 55,000 | 55,000 | 31,336 | 63,000 |
| Nicely located on a busy road near other shops this unique, eclectic restaurant is currently only serving lunch and ice cream but can be easily expanded to do breakfast, dinners and an expanded ice cream business. Potential to additionally acquire a customized truck which allows for off-site revenues at private parties and area events |
Tuesday, August 6, 2013
Long Bar Pointe Gets Mixed Response
Advocates for the development say that "the Manatee County community has a once-in-a-lifetime opportunity to create something of meaning along the 2.5 miles of frontage on Sarasota Bay known as Long Bar Pointe. A special place that generations of Manatee County residents can enjoy for years to come."
The developer feels confident that they can create a special place centered around a 4 or 5 star hotel. A destination location with a conference center, an adjoining boat basin, and a mixed-use village of restaurants, shops and other facilities. The plan also includes approximately 2500-2700 residences in a variety of housing products. The proposed single family homes will have a starting price in the $300s.
However, there is criticism in the media that is based on the environmental impact of the project.
The property has over 2.5 miles of shoreline with about 140 acres of mangroves. Boats from the boat basin will need to access the main channel in the bay through an opening cut in the mangroves and sea grass beds.
The developer argues that their team of highly recognized scientists are developing a program to offset the impact on the sea grass beds, resulting in a net positive environmental gain for these trees and plants.
As many as 6 different State and Federal agencies must approve this program before any work can be started.
Commercial Real Estate Market Recovering
Cohen, who owns about 800,000 square feet of office space in Palm Beach County and across the state, often took the drastic step of cutting base rental rates by $10 a square foot just to keep a tenant from moving.
Because of the glut of available space, brokers routinely would counsel clients not to renew their leases because there were so many bargains to be had elsewhere, Cohen said.
But the economic recovery is restoring more balance to the commercial real estate market. Cohen said he still offers free rent and other concessions to tenants, but the deals aren’t nearly as onerous as before.
“The pendulum is moving back to the middle,” Cohen said. “It’s a fair game now.”
Office vacancies remain elevated, but they’re holding steady or declining slightly in Palm Beach and Broward counties.
Palm Beach County’s overall vacancy rate was 20 percent in the second quarter, unchanged from a year ago, according to Cushman & Wakefield. Broward’s vacancy was 16.7 percent, down slightly from a year earlier.
Asking rents in the two counties were in the $27-a-square-foot range, about the same as last year.
While the figures don’t show much improvement in the market, brokers and landlords say the outlook is brightening.
“We’re certainly not at the peak, but I’m pretty positive,” said Andy Petry, a vice president of Liberty Property Trust, which owns 1.4 million square feet of offices from Boca Raton to Miramar. “Instead of downsizing, more tenants are staying in [existing] space, and we’re seeing a decent amount of expansions.”
Progressive Pediatric Therapy moved to bigger digs recently after outgrowing a small office in Boca Raton.
The speech, occupational and physical therapy practice is leasing a 1,400-square-foot office at the MedPlex building in Boca and a 2,200-square-foot office on Okeechobee Boulevard in West Palm Beach. The openings are set for Sept. 1.
“I felt there were some deals out there, but you had to look for them,” owner Aimee Brueck said. “We’ve had referrals from a number of different places, so we felt very comfortable expanding.”
Nearly a dozen upscale office buildings in Broward and Palm Beach counties have hit the market in recent months as owners look to take advantage of a strengthening economy. Presidential Circle in Hollywood and Peninsula Plaza and Peninsula Executive Center in Boca Raton are among the buildings for sale.
Owners believe the assets will fetch more money now before interest rates rise any higher.
South Florida broker Tom Capocefalo, who represents tenants for the Studley real estate firm, said he expects the new building owners to increase rents and reduce concessions.
Large, financially sound companies may still have the leverage to resist post-sale management changes, while entrepreneurs and other small business owners will have a tougher time, Capocefalo said.
“The bigger the tenant, the more of an opportunity they will have,” he said.
Copyright © 2013 the Sun Sentinel (Fort Lauderdale, Fla.), Paul Owers, Sun Sentinel. Distributed by MCT Information Services.
Friday, August 2, 2013
Fed Downgrades U.S. Economic Growth to Modest
The Federal Reserve said Wednesday that the U.S. economy is growing only modestly, a downgrade from its June assessment. The Fed expects growth will pick up in the second half of the year, but the more cautious message may be a signal that it’s not ready to slow its bond purchases soon.
In a statement after a two-day policy meeting, the Fed says it will keep buying $85 billion a month in bonds to help lower long-term interest rates. And it says it plans to hold its key short-term rate at a record low near zero at least as long as the unemployment rate stays above 6.5 percent and the inflation outlook remains mild.
Stronger job growth has fueled speculation that the Fed could start reducing its purchases as soon as September. But economic growth remains sluggish and unemployment high at 7.6 percent.
Financial markets had a muted reaction to the Fed’s policy statement. The Dow Jones industrial average was up 30 points shortly after the statement was released; it was up 13 points moments before. The yield on the benchmark 10-year Treasury note was 2.64 percent, down slightly from 2.66 percent before the announcement.
At its June meeting, the Fed described economic growth as “moderate,” and forecast that growth could be at least 2.3 percent for the year.
Chairman Ben Bernanke said after the June meeting that the Fed could slow the bond purchases later this year if the economy and job market continued to strengthen.
But after Wednesday’s meeting, the Fed described the economy as expanding only at a “modest pace.”
Earlier Wednesday, the government said the economy grew at a subpar 1.7 percent annual rate from April through June. The pace was an improvement from than the previous two quarters, which were revised lower. Still, growth remains sluggish and has been below 2 percent for three straight quarters.
Most economists, including those at the Fed, expect growth will strengthen in the second half of the year. That’s because they believe businesses will spend more, stronger job growth will fuel more consumer spending and government spending cuts will weigh less on overall growth.
Job growth has averaged 202,000 a month since January, up from 180,000 a month in the last six months of 2012. That makes Friday’s July employment report even more critical to the Fed’s assessment of the economy. The report is expected to show employers kept hiring at roughly the same pace in July, while the unemployment rate ticked down to 7.5 percent.
Fed policymakers will also pay close attention to a report Thursday on July manufacturing activity. That could give them more insight into businesses confidence in the economy and how that will affect third-quarter growth.
The Fed’s statement was approved on an 11-1 vote. Esther George, the president of the Federal Reserve Bank of Kansas City, objected for the fifth straight meeting because of concerns that the bond buying could make financial markets unstable and increase the risk of inflation.
Copyright © 2013 The Associated Press, Martin Crutsinger
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