Destiny Business Brokers LLC

Destiny Business Brokers is here to help business owners of privately-held companies, develop and ex

A Middle Market Merger & Acquisition Advisory Firm Specializing in Business Sales and Exit Strategies for Business Owners

06/02/2021

All you need is the color paint, a vision in your mind and The Painting Pros 😁

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"There is nothing more satisfying then knowing you have found a tenant who will love and take care of a home as if it's their own."

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Destiny Property Management - Deer Park, NY 02/18/2021

Destiny Property Management - Deer Park, NY

Its a sunny day outside. lol
Dose your property need show remove, repairs or management? Call 631 357 2405.

Destiny Property Management - Deer Park, NY Specialties: Why Choose Us We are a home-grown company that real estate investments require full-time attention. To efficiently manage our properties, we have strategically centralized our location to service New York and its neighboring…

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🧑‍🔧👩‍🏭👨‍💻

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The Owner is Motivated to Sell after 20 years in the Business

Destiny Business Brokers LLC updated their address. 04/20/2017

Destiny Business Brokers LLC updated their address.

Destiny Business Brokers LLC updated their address.

Timeline photos 04/06/2017

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We have just expanded our Bohemia office and are looking for team players to join our organization for to do Leasing/Sales for Commercial, Residential , Business Brokers & Property Management.

Timeline photos 04/06/2017

We have just expanded our Bohemia office and are looking for team players to join our organization for to do Leasing/Sales for Commercial, Residential , Business Brokers & Property Management.

04/04/2017
04/04/2017

Business starts hopping when it warms up and people leave their homes. What kind of business increases sales when Spring arrives? Restaurants, food, outdoor, retail, and home improvement businesses to start. How about automotive? You bet!

Find your next business today.

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E-Commerce Business Vitamins

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Grocery Store Nassua County Fast Sale

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Fast Food==Fast Sale Price !

03/24/2017

Deciding whether to sell a business can be a highly emotive decision. It can be exciting, daunting and even overwhelming.

But it doesn’t have to be stressful, especially if you follow the seven simple steps outlined below.

Choose the right time to sell

In the real estate world, location is everything. In business sales, timing is everything.

To most business owners, selling their business only springs to mind when it's their last viable option - for example, if the business is hemorrhaging money, facing a legal battle or filing for bankruptcy.

In this instance, the chances of making a profit are almost entirely out of the question. The business will attract buyers who specialize in distressed businesses, who are eager for a good deal and are willing to squeeze every last cent out of the seller.

The best time to sell is, in fact, when the business is doing well and firing on all cylinders. It's simple, the more money the business is making, the more appealing it will be to investors and the higher the price the business will fetch when it's sold.

However, sellers will also need to consider the market conditions and assess the industry they are in, asking themselves questions like: is it in a bubble? are interest rates low or high?

Understand the time frame

One of the most common mistakes made by those who want to sell their businesses is that they often don’t understand the amount of time and effort it’s going to take.

In a survey of experienced business brokers, 72% indicated that a majority of business owners don’t allow enough time for an effective sale. A common result is that the business sells for less than the owner would have liked because the sale was rushed – or ends up not selling at all.

The average business sale takes between six and nine months with some industries requiring as long as 15 months. If you understand and accept this fact going into the process, you’ll be able to take full advantage of the considerable preparation time by following the rest of the steps listed below.

Get a ballpark valuation

It’s best to get an initial ballpark valuation early in the process from an independent, unbiased source such as an experienced business broker or accountant who specializes in business valuation. These independent experts are in a better position to arrive at a realistic valuation than you are because they’re not emotionally invested in the business.

You can also gauge the market yourself by checking the price of similar businesses on BusinessesForSale.com. Remember that the business sector, location, size and revenue all play a part in determining the value of different businesses.

Ensure your books and records are in order

Incomplete or inaccurate records indicate one of two things to potential buyers:

1. You’re incompetent and therefore your business has been poorly run.

2. You’re hiding something.

This may not seem fair, but it’s human nature to make such snap judgements. If you want you and your business to look their best to a potential buyer, you must keep your financial records in order.

As you know, sole proprietorships – especially those that deal primarily in cash – may allow the owner to pocket some or all of the profits as part of the normal course of business.

However, if the actual amounts are not accurately represented on your tax returns they will mean nothing to a buyer. Failing to record income in this way will make your business appear less valuable than it actually is.

Spruce up the premises and equipment

This comes down to the real estate concept of ‘curbside appeal’. Although the logical part of a buyer’s mind may realize that paint peeling off the walls or an unkempt lawn truly have no impact on a business’s true worth, that’s not necessarily how they feel.

Think like a buyer, if the premises and equipment look shabby, the buyer is likely to assume that the entire business is neglected. On the other hand, a clean and tidy place of business will allow the buyer to focus on what really is important: the true financial value of the business itself.

Review all necessary paperwork and documentation

In preparation for the sale, it’s important for the current owner to review all legal documents, incorporation papers, leases, permits and contracts to ensure everything is up to date and easily accessible.

Not only should all this paperwork be made available to prospective buyers, but you as the current owner should be intimately familiar with its details so that if and when the buyer or their lawyer asks a question, you can appear competent and knowledgeable about your enterprise.

As a seller, you can expect any buyer to carry out due diligence before agreeing to a price. If your paperwork isn't in order, or any inconstancies are spotted, you can be assured that a buyer will rightfully look to squeeze you on price.

Start separating yourself from the business

It would be disturbing to a prospective buyer if it were impossible for either one of you to imagine the business running without you.

Take steps prior to the sale to begin extricating yourself from the day-to-day operations of the business. This serves two purposes:

1. It makes it easier for a prospective buyer to see themselves stepping in to smoothly take over.

2. It provides the necessary framework in case the new buyer prefers to have a less active role in day-to-day operations, effectively increasing the number of prospective buyers.

Get your advisory team together early

Your accountant, lawyer, business broker and anyone else who serves in an advisory capacity will do a better job if you involve them in the selling process early on. The earlier they are involved, the more thorough and informed their advice will be.

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Liquor Store Jackson Heights

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Brighton Beach Laundry & Dry Cleaners

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Owners Disagree There Loss Is Your Gain !

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Business and Property $1,400,000

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divorce forces sale !

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Deli Pizza Great Location In Brooklyn

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Wholesale star-k-kosher brick oven bakery

03/11/2017

News You Can Use:
3 Startup Secrets From A Serial Entrepreneur
All headed down the same track preached since birth: Go to school; get good grades, go to college; get a degree; go try to find a good job; live a decent life; retire with a gold watch in hand at age 65. Brandon Mills had a life changing experience at the age of 20.
Read more at forbes.com
Why Self-Awareness Is Crucial for Entrepreneurs
A conversation with Richard J. Harrington, top CEO, successful entrepreneur and author, on what it takes to build a successful business.
Read more at businessweek.com
3 Things to Research Before Buying a Franchise
There are many excellent franchises and businesses for sale, it is just up to you to w**d out the ones that are not or the ones that may just not be a good fit for you.

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Great Opportunity!

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Low Start Up Earn Good Money

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Some owner financing available.Training is offered.
Qualified buyers will need to complete an non-disclosure agreement to obtain any detailed information.

Destiny Business Brokers LLC updated their address. 02/09/2017

Destiny Business Brokers LLC updated their address.

Destiny Business Brokers LLC updated their address.

Timeline photos 02/09/2017

Qualified buyers will need to complete an non-disclosure agreement to obtain any detailed information.

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Telephone

Address


80 Orville Drive
Bohemia, NY
11716

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 3pm
Saturday 10am - 2pm

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