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Pete Howlett Orlando Real Estate Update, November 16, 2009

Obama signs bill: Homebuyer tax credit extended & expanded- President Obama signed H.R. 3548 enacting into law an extension & adjustment of the $8,000 tax credit for 1st time buyers. Among other things, the extension adds money for certain move-up buyers; creates one deadline for signing a contract and a later deadline for closing; changes income requirements; and limits a purchased home’s cost to $800,000. Most details for 1st time homebuyers mirror the rules currently in… Continue

Added by Pete Howlett on November 16, 2009 at 12:03pm — No Comments

Fernando Simo Buying a Business??--What I recommend foreign buyers to do.

Many foreign nationals come to Central Florida to purchase a business in order to get visas into the US on a somewhat permanent basis—so long as the business is viable the visa holder may stay, if not, they may have to get back to their country of origin. The two most common types of visas are the L1 and E2 visas. The L1 visa is normally available to foreign business owners who wish to acquire a business in the U.S. and assign a person-- on an inter-company transfer—to manage the business. The… Continue

Added by Fernando Simo on November 10, 2009 at 6:41pm — No Comments

An Flamand This weekend, Children's Miracle Network Classic at Disney's Palm & Magnolia golf courses.

The Children’s Miracle Network Classic returns to Disney’s Palm and Magnolia Golf Courses on November 12-15, 2009, for its 39th consecutive year of PGA TOUR play at the WALT DISNEY WORLD® Resort. Make a difference in the lives of hospitalized children by purchasing a ticket to the event. Net proceeds fr… Continue

Added by An Flamand on November 10, 2009 at 11:30am — No Comments

Fernando Simo Selling your Business??--Consider an Exit Strategy

In one of my recent articles, I discussed profitability (Owners Benefit) as one of the key elements in determining a business valuation. I mentioned that if a business generate limited or no cash flow, it normally can only sell its tangible assets—receivables, inventories, furniture and fixtures and equipment.—for a nominal amount. Yes, you may get more than the book value, but I find it rare. Unfortunately, over and over again, sellers come to me wanting to sell their business at a point of no… Continue

Added by Fernando Simo on November 4, 2009 at 7:24pm — No Comments

Fernando Simo Selling your Business??—ARE YOU “IN THE BOX?”

Last week I talked about the Selling Criteria or areas that can make your listing a lot more competitive, such as good financials, proper documentation (such as lease and franchise agreements), equipment lists and others. These are areas that brokers look into to determine how viable and competitive your listing is—the probability of success. During my discussion last week, I purposely omitted two additional elements (c’mon, I don’t want to tell you all in one week!!): Price and Seller Financing… Continue

Added by Fernando Simo on November 1, 2009 at 6:44pm — No Comments

Susan R Herbert Guaranteed Issue Health Plans from Blue Cross Blue Shield of Florida

Did you know that Blue Cross and Blue Shield of Florida offers a guaranteed issue health plan for less than the cost of a cup of coffee a day? It's called Go Blue, and anybody can qualify. For $24 to $59 each month, depending on your age, you can get coverage for doctor and dentist visits, urgent care centers, FREE lab work, and prescriptions. Contact Insurance and Benefits Department, LLC, for more information. Continue

Added by Susan R Herbert on October 28, 2009 at 8:07pm — No Comments

Fernando Simo Selling your Business??--Can you sell something with no value??

As I go on listing appointments, I caution sellers that there are two ways in which one can normally value small businesses (notice the word “normally” and “small”). One way values Tangible Assets, such as inventories, receivables, furniture, fixtures and equipment. The other uses a multiple of Owners Benefit (Operating Profit plus owner’s salaries, depreciation, amortization, interest and personal benefits charged to the business). In other words, if your business generates minimal or no Owner’… Continue

Added by Fernando Simo on October 21, 2009 at 11:00pm — No Comments

Fernando Simo Selling your Business and the power of Competition—THE SELLING CRITERIA.

More than ever before, the selling of your business has become extremely competitive. As a seller, in this market, you are competing with a greater volume of similar businesses for sale, buyers’ investment choices in this very tight and limited financing environment and, most importantly, the brokers’ time and involvement in your listing. Here, I would like to focus on the latter—the brokers’ time and involvement in your listing. By the way, by “broker” I do not mean the person who got your lis… Continue

Added by Fernando Simo on October 16, 2009 at 9:35pm — No Comments

Fernando Simo Selling your Business??--Cheap isn't always a Bargain!

What is it about most of us who decide that “cheap” is better? We do it when buying clothes, shoes, furniture, car, etc, only to find out, in most instances, that our decision was not a good one. Why?? Because in the very short term, clothes look like hell and soon deteriorate, shoes fall apart and last only a few months, and our furniture rips apart easily, forcing us to go buy the same things within months-- doubling our expense!! We do the same when buying a house. We forgo the best location-… Continue

Added by Fernando Simo on October 8, 2009 at 7:00pm — No Comments

Dionyos & Nicole Sylvester Give Yourself A Raise! Even In This Economy!

With the dismal economy threatening job security for the masses, that is 14.9 million Americans to date and growing (over 23,000 a day) wouldn't it be a breath of fresh air to know that you can get a raise on your job without asking your boss or working more hours? If you would like to know how to put at least $200 a month extra on your check from your job without even asking, just reply with your e-mail address and we will share the free information on how to put the system to work for you imme… Continue

Added by Dionyos & Nicole Sylvester on September 30, 2009 at 7:52pm — No Comments

Kellie McLendon The Holidays are coming ....Book your event early !!!

Need a place to hold your event / employee parties/ etc? Best Western Lakeside located 2 miles west of Walt Disney World has beautiful meeting rooms available for almost any event. We offer approximately 3000 sq feet of meeting space which can accommodate a personal gathering or a large dinner. Audio visual equipment is available not to mention our great catering menu with a large variety of choices. Plan a sunny poolside event around one of our tropical pools , or a themed extravaganza. For the… Continue

Added by Kellie McLendon on September 30, 2009 at 4:16pm — No Comments

Fernando Simo Focus on your Business, Outsource!!

During one of my listing appointments, I met a seller who wanted to sell his business in order to improve the quality of his life—he wanted to spend more time with his family. According to him, he spent over sixty (60) percent of his time doing things that had nothing to do with the actual operations of the business—the back office stuff. He complained that the forty (40) percent he spent focusing on his business, although enjoyable, was not enough to provide the kind of bottom line profitabilit… Continue

Added by Fernando Simo on September 25, 2009 at 2:00pm — No Comments

Fernando Simo The Recession Impact on Business Brokerage

Like the majority of businesses, the recession has negatively impacted the Business Brokerage world. As the recession took hold on the economy and business revenues began to recede, so did business profits. With a reduction of over 30% in sales (turnover) for most businesses and fixed costs remaining in place (i.e., Insurance, Rent, Utilities), profits, value and cash flow suffered significantly from only a couple of years ago—most low cash flow businesses either closed doors or decided to sell.… Continue

Added by Fernando Simo on September 24, 2009 at 10:30pm — No Comments

Kellie McLendon Banquet Rooms Available for Holiday Parties

Hi everyone, Just to let you know that I still have some banquet rooms available for the holidays. I have already started soliciting the local business's in my area here, and would like to offer Inside407 an early booking opportunity as well. Our banquet rooms can hold from 50-100 people each (depending on style seating) We have a full catering menu available or design a menu based on your needs. If you company is interested in having a holiday party (Halloween, Christmas, New Years, Thanksgi… Continue

Added by Kellie McLendon on September 22, 2009 at 4:24pm — No Comments

An Flamand Scare is coming to Orlando!

Fright, screams, and fear are normal for Orlando during the October months. Halloween is near and you cannot believe all the events that are happening in Orlando. From Universals Halloween Horror nights, Disney's not so scary, Sea World Spooktacular, to Howl o Scream for the big events. Did you know the… Continue

Added by An Flamand on September 22, 2009 at 2:49pm — 1 Comment

Michelle Torres 'Social' Success!

… Continue

Added by Michelle Torres on September 17, 2009 at 11:18pm — 2 Comments

Pete Howlett Orlando Real Estate Update, September 17, 2009

Bernanke says recession ‘very likely over’ - Fed Chairman Ben Bernanke said on 09/15 that the worst recession since the 1930s is probably over, although he cautioned that pain – especially for the nearly 15 million unemployed Americans – will persist. He said the economy likely is growing now, but he warned that won’t be sufficient to prevent the unemployment rate, now at a 26 yr high of 9.7%, from rising to 10%. The recession, which started in Dec '07, has claimed a net total of 6… Continue

Added by Pete Howlett on September 17, 2009 at 11:35am — No Comments

An Flamand Yes yes yes....our first inside 407 network meeting!

I will be attending the first official inside 407 network meeting and are very excited to meet you guys in person. At these challenging times there is no better way to do business then trough a support network group. The goal is to help each other grow, and to have experts in different fields. Anyway looking forwa… Continue

Added by An Flamand on September 17, 2009 at 11:28am — 1 Comment

Fernando Simo Buying a Business??--Now is the time!!

In one of my recent articles, I discussed the impact the current recession has had on the Business Brokerage world. I indicated that one of the major reasons for the negative impact has been the inability of buyers to get financing to purchase a business, particularly larger businesses-- I recently heard that the average price reduction in Florida businesses sold over the last two years, compared to the previous two years, is between $150-$200K. Now for the good news! The light at the end of th… Continue

Added by Fernando Simo on September 15, 2009 at 6:00pm — No Comments

Robin Ritchie Is your sign letting people know what you do?

Why do I need a sign for my business? There are several reasons. Even in a down economy, you still have to advertise your business. 1) Signs are the most effective and one of the least expensive forms of advertising. 2) A sign is an introduction to potential customers passing by and it lets them know who you are and what you do. 3) Even when your business is closed, your sign is working for you 24 hours a day, 7 days a week. 4) Potential customers will often judge a business by how the sign… Continue

Added by Robin Ritchie on September 8, 2009 at 5:03pm — No Comments

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