SOLD-Houston-Area Small-batch Craft Brewery and Taproom

Administrator October 18, 2021June 22, 2022 Buyers Seeking Restaurants Bars Food Service, For Sale, General, Preparing your Restaurant for Sale

Houston-Area Small-batch Craft Brewery and Taproom for Sale 19989

Asking Price: $SOLD AT FULL PRICE

2021 Projected Sales: $750,000

FF&E: $250,000

WIP/inventory/AR: $37,000

2021 Projected Adjusted EBITDA: $240,000

The Company is a well-established greater Houston-area, craft small-batch brewery and taproom producing high quality artisanal beers, served in their tap room and around the region. The company serves in their taproom and distributes draft beer to local bars and restaurants.

They brew a broad range of styles in addition to their customers’ most popular beers. Drawing from a repertoire of over 50+ beers and counting, typically brewed in small batches, the business is well-established with a loyal following built over its long and profitable history. Though the greater Houston area has over 70 breweries and brewpubs, this brewery is regularly mentioned as one of Houston’s best breweries. Sales are approximately 54% Taproom, 26% beer to go, 16% Self-distribution Kegs and 4% other/merchandise. The business is very profitable. The seller states that the business has excellent matching books & records and that they can prove all sales, expenses and income.

SOLD! Sale closed in 90 days – Read seller’s testimonial below.

We can sell YOUR craft brewery, too!

Sorry this took so long. The dust has settled and I can say with confidence that this deal has exceeded our expectations on all fronts. We found the right buyer with the right terms in a very short amount of time. Your service was attentive and proactive throughout the process. This experience was as close to perfect as possible. There were a couple hiccups but as I said, at the end of the day we got a deal that we’re proud of and happy with. I’ll also add that it was really impressive that this was all done without anyone finding out about our sale before the close date. That was probably the most common question I got from peers – “How did you find the buyer without anyone knowing you were up for sale?”. This is quite an impressive feat of alchemy!

If you have any prospective clients looking to talk to someone who has used your service, I would be more than happy to share my experience, which was very positive.

John Holler, President, Holler Brewing

The craft brewery offers award-winning beers in a relaxing, spacious environment. The American beer lover craves variety and novel beer experiences, and this brewery has the distinct advantage of offering an exclusive experience that both beer lovers and non-beer lovers seek. Their customers are primarily local patrons looking for a unique, one-of-a-kind experience.

The brewery equipment was manufactured by one of the top producers in the brewery industry. Current lead time for this equipment is approximately 12-18 months. The equipment was designed to provide maximum versatility. The brewhouse and every tank were designed for space and flexibility, taking advantage of the brewhouse layout. The business has plenty of additional production and capacity that a new owner could utilize.

Although the industry is very competitive, the business has superior beer, excellent customer service and a destination venue with many growth opportunities. The business also has excellent books & records and is recession-resistant. The brewery is operating at about 60% capacity, allowing substantial growth with little to no incremental investment. There are many opportunities to increase sales and profits. Annual capacity can be increased by adding fermentation tanks, varying production methods, beer selection and production scheduling. As this craft brewer continues to grow its loyal fanbase, there is an IMMEDIATE opportunity to further expand sales and distribution through the Houston region.

Employees: The business operates with well-trained, satisfied, motivated employees, plus a part-time owner overseeing the business. Employees enjoy working at the brewery and handle 95% of the business operations. The owner believes that all managers, brewers and staff are willing to stay.

Facilities: The business occupies a long-term leased space, leased at $6500/mo including NNN.

Competition: The craft beer industry is very competitive. The business attracts customers from the local neighborhood and major metro areas in Houston, Texas. Though the greater Houston area has over 70 breweries and brewpubs, this brewery is regularly mentioned as one of Houston’s best breweries. Despite the presence of competitors, the business has quickly developed a loyal following and has substantial growth opportunities.

Growth & Expansion: Beer is sold primarily via a) on-site sales (taproom and “To Go”) and b) off-site account sales. The brewery operates at approximately 60% capacity. There is plenty of existing capacity that can be sold at high margin. A new, energetic owner can further increase sales & profits in many ways: 1) Increase outside sales, 2) Increase production and distribution, 3) Expand tap room and open hours, 4) Add food or kitchen. More detailed actions are described in the Confidential Business Profile.

Support & Training: Seller will train buyer for 8 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreeable fixed compensation to assist with general management functions for a finite period.

Reason for Selling: Relocation after successful transition

Price: The asking price for the assets of the business is $xx with $xx cash due at closing, assumption of 1) keg deposits of $4,000 and 2) Gift Cards of $1,600 (valued at 80% of outstanding balance) and balance financed by an SBA 7a loan. The seller is willing to finance up to 10% of the purchase price to a purchaser qualified/approved by the Seller, if required by a commercial lender. THE SELLER PREFERS TO SELL FOR ALL-CASH. All financing is to be personally guaranteed. The assets include inventory of $37,000, Accounts Receivables of $0 (no billed accounts) and FFEV (Furniture, Fixtures, Equipment and Vehicle) valued at $250,000. Inventory such as kegs, materials and merchandise will be valued at cost. WIP (Work in Process) and Finished Goods, will be collectively valued at raw materials cost + 50% of the difference between selling price and raw materials cost. The price will be adjusted for actual inventory, work in process (WIP), outstanding gift cards and accounts receivables as of the sale date

NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES.

The seller is willing to finance up to 20% of the purchase price to a purchaser qualified/approved by the Seller, if required by a commercial lender but THE SELLER PREFERS TO SELL FOR ALL-CASH. All financing is to be personally guaranteed. The assets include inventory at cost of $37,000, Accounts Receivables of $00 (no billed accounts) and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $250,000.

NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES.

We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information and consider registering your criteria as a purchaser.

For information, reference Houston-Area Small-batch Craft Brewery and Taproom for Sale 19988 and contact Jeff Adam, PE, MCBC, FRC, CBB at Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
www.megabite-rb.com

Not the Dallas-area Brewpub on Autopilot for Sale that you’re looking for? Tell us at BUY A RESTAURANT BAR OR NIGHTCLUB and we’ll reach out with new opportunities that fit your search criteria as they arise. Thinking of selling: Contact us TODAY to Sell your Business

KEY WORDS: pub sportsbar beer whiskey liquor alcohol craft draft craft billiards pool grill tavern inn local neighborhood lounge country microbrewery bartender beer brewery brewpub hops malt yeast ale lager pilsner bock craft draft Sell my Scalable, Profitable Dallas-area Brewpub Eatery Business for Sale

SOLD !! Dallas-area Brewpub on Autopilot for Sale

Administrator February 7, 2020March 8, 2022 Buyers Seeking Restaurants Bars Food Service, For Sale, General, Preparing your Restaurant for Sale

Scalable, Profitable Dallas-area Brewpub on Autopilot for Sale

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well-established neighborhood Dallas-area brewpub for sale offering their own on-site freshly crafted, high quality beers (plus a full bar), niche, healthy cooking and delicious food with a year round outdoor patio. The restaurant has cultivated a loyal, growing clientele with its popular menu and freshly brewed beers on tap.

Their most popular product lines include a double IPA, light lager, wheat, bock and blonde ale, all brewed in 15 barrel batches. The beers and foods are well-rated in all usual, popular social media. Estimated annual capacity is approximately 2,000 BBLs (31 gallon/BBL) and can be further increased by adding fermentation tanks, varying production methods and production scheduling. The business operates with site management and minimal oversight from the owner.

2019 Sales are approximately $2,680,000 with approximate cash flow to owner of $580,000. Although the industry is very competitive, the business has superior beer, delicious food, excellent customer service and a destination venue with many growth opportunities. The business also has excellent books & records and is recession-resistant. The brewery operations are operating at about 25% capacity, allowing substantial growth with little to no incremental investment. The business is also exceptionally well-rated by its customers, peers and judges.

SOLD !! We can sell YOUR BrewPub or Craft Brewery, too!

“We built a very successful brewpub in Rowlett, thanks to great employees and customers. Jeff’s firm completed a business valuation and then found an awesome buyer for the business. I recommend using his business valuation and sale services!”

Kevin Lefere, President, Bankhead Brewing Co. LLC

Recent brewer statistics report that there are approximately ~104 craft brewpubs and ~179 craft microbreweries in Texas (Source: Brewers Association, 2020). While overall beer volume sales were down ~1% in 2018, craft brewer sales continued to grow at a rate of ~7%, reaching ~13.2% of the US beer market.

Mintel food and drink analyst Beth Bloom says “There is a strong sense of community in the craft beer world. Consumers like to share knowledge with one another and are highly invested in the products that they choose. Not only that, but craft brands share exposure through collaboration, a practice almost wholly unique to the craft beer market. As such, tap rooms, bottle shops, and beer-garden-style breweries, where craft beer can be discovered, discussed, consumed on-site, and even purchased for at-home enjoyment, make for a complete, customizable experience. Craft beer is not only a beverage choice; it appears to be a lifestyle choice.” Mintel goes on to report that more than half of craft drinkers like to share their knowledge of beer with others, which has helped thrust many small brewers into the limelight, as word of mouth is often their strongest ally.

Texas is no exception and THIS brewpub represents an exciting proven way to IMMEDIATELY gain access to the market with an established, profitable beerpub eatery! Texas Beer Industry Growth – In 2018 Texas ranked 3rd in the nation with a $5.1 billion economic impact. Texas ranks 46th in the nation with only 1.4 breweries/brewpubs per capita (per 100,000 21+ adults). Oregon ranks 4th in the nation with nearly 8.5 breweries/brewpubs per capita. The contrast between the numbers for Texas versus a state like Oregon illustrates the potential growth in the craft beer industry. In Texas’s recent legislative sessions, this company’s specific niche ended up the biggest winners; brewpubs — hybrid retail drinking and dining establishments that primarily make and sell their own beer. Texas currently has approximately 283 craft breweries with approximately 104 brewpubs. In last year’s legislative session, our specific niche ended up the biggest winners; brewpubs — hybrid retail drinking and dining establishments that primarily make and sell their own beer. Texas currently has approximately 104 of them.

The seller is willing to finance up to 20% of the purchase price to a purchaser qualified/approved by the Seller, if required by a commercial lender but THE SELLER PREFERS TO SELL FOR ALL-CASH. All financing is to be personally guaranteed. The assets include inventory at cost of $75,000, Accounts Receivables of $00 (no billed accounts) and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $600,000.

NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES.

We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information and consider registering your criteria as a purchaser.

For information, reference Dallas-area Brewpub on Autopilot for Sale 19850 and contact Jeff Adam, PE, MCBC, FRC, CBB at Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
www.megabite-rb.com

Full-service Dallas Seafood Restaurant for Sale – SOLD

Administrator August 18, 2017January 16, 2019 Buyers Seeking Restaurants Bars Food Service, For Sale, General, Preparing your Restaurant for Sale

Full-service Dallas Seafood Restaurant for Sale

MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a full-service family owned seafood restaurant offering the freshest seafood available! Established 20+ years, the restaurant offers moderately priced fresh seafood to business persons at lunch and families/couples at dinner. The menu caters to health conscious patrons and above average income people wanting fresh seafood. An extensive wine list is paired with a full service bar. Chicken, pasta and steak are on the menu, too, with numerous daily specials. Over the years, the restaurant has developed an extensive following, catering to business groups at lunch and families or couples for dinner. Guests enjoy a quiet atmosphere where they can carry on a conversation. The restaurant has developed a loyal and dedicated clientele with many growth opportunities for an owner-operator.

SOLD !! We can sell YOUR Full-service Dallas Seafood Restaurant, too !

Sales are ~$1,550,000 +/- with cash flow to owner operator of approximately $130,000 — 160,000/yr.

For information, contact us and reference Full-service Dallas Seafood Restaurant for Sale 19746

Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
www.megabite-rb.com

Not the Full-service Dallas Seafood Restaurant for Sale you’re looking for? Tell us at BUY A RESTAURANT BAR OR NIGHTCLUB and we’ll reach out with new opportunities that fit your search criteria as they arise. Thinking of selling: Contact us TODAY to Sell your Business

KEY WORDS: salmon shrimp red snapper tuna flounder ceviche mahi mahi halibut maine lobster bisque oysters clam crab cod calamari Sell my full-service dallas seafood Restaurant For Sale

Megabite Restaurant Brokers SOLD our Viceroy Indian Restaurant – We can sell YOUR’s Too !

Administrator March 3, 2017January 16, 2019 Buyers Seeking Restaurants Bars Food Service, For Sale, General, Preparing your Restaurant for Sale

Megabite Restaurant Brokers SOLD our Viceroy Indian Restaurant

Megabite Restaurant Brokers, representing the Seller, recently transferred ownership of a successful Indian restaurant in the North Plano Frisco Texas market.

“Thank you for quickly finding a great buyer at a great price. I am ready for retirement!”, said Amarender Reddy, the Seller. Amarender was quickly presented with several buyers. He recently completed the transition training with the new owners and wishes them every success !

Top 5 Reasons to Sell a Restaurant

If you are a restauranteur, then you already know the two HAPPIEST days in an restauranteur‘s life: the day you START or BUY your business and the day you SELL your business. Sadly, many owners wait until they MUST sell due to economic or emotional reasons. Anxiety can force you to accept an offer that simply is NOT GOOD for you.

1) Illness or Death. This is by far the most common reason to sell a restaurant and it is, sadly, a very unhappy one! Ill health (either our own or that of our loved ones) has a sobering effect on us. We tend to immediately realign our priorities.
2) Desire to ‘Cash out’. When most of our personal wealth is tied up in our business, the prospect of a sale offers an opportunity to convert our holdings into cash, diversify our investments and enjoy our newly liquid resources.
3) Anxiety. There are tremendous rewards in the ownership of a restaurant. Unfortunately, personal stresses can accumulate over a long period of time. The list of stressors is extensive: difficult employees, theft, tight deadlines, making payroll, personal financial guarantees, taxes, complying with health inspections, reinventing your restaurant concept, …. There is a point where the stress hits OVERLOAD, we feel saturated and need to sell!
4) Retirement. Although many entrepreneurs never consider this possibility, the inevitable problem of age emerges. The secret is to find the optimal timing so that the sale happens at a time of our choosing.
5) Burnout. After living on the edge for years, many entrepreneurs simply burn out and look to forward to reducing the incessant pressure. They choose to pursue other interests that challenge their knowledge, skills and ability. Selling their restaurant can pave the way to new professional and personal opportunities

Megabite Restaurant Brokers can help you buy, sell or value a restaurant, bar or nightclub business? You can discreetly and confidentially contact a broker at Contact Us, read other testimonials at Client Testimonials, search buyers at SEARCH OUR BUYERS or research more info here if you just want to understand how to SELL A BUSINESS. Thinking of selling: Contact us TODAY to Sell your Business

For more information, Contact Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161 www.megabite-rb.com

Prospective Small Business Purchaser Testimonial – CALL OR EMAIL NOW !

Administrator February 6, 2017January 25, 2017 Buyers Seeking Restaurants Bars Food Service, General, Preparing your Restaurant for Sale

Megabite Restaurant Brokers, LLC are grateful for the opportunity to confidentially and discreetly help you buy, value or sell a business. We have an extensive network of restaurant, bar or nightclub business buyers looking for established, profitable businesses. This is a testimonial just received from a prospective purchaser.

We have 100’s of testimonials from business buyers and sellers. Many of these buyers provided testimonials after successfully purchasing a business in which we represented the SELLER of the business. These buyers are willing to confidentially and discreetly share their experience with you. Please contact us should you wish to speak with them.

“Just a quick note to say thanks for taking the time on MON night to discuss business ownership and the acquisition process. Both your insight and your candor are greatly appreciated. I can see why Mark Crumblish spoke so highly of you and your expertise. As you recommended, I will remain patient and look forward to hearing from you when an opportunity may present itself.”

Name Available by Request, Prospective Purchaser

For more information, contact Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
www.megabite-rb.com

The Cost Of Not Having an Exit Plan

Administrator October 7, 2016October 11, 2016 General, Preparing your Restaurant for Sale

The Cost Of Not Having an Exit Plan

By Peter G Christman, Cepa

Not too long ago, a CEPA emailed me and asked, “what is the cost of not having an exit plan or master plan?” I thought that was a great “ask” because I have never seen that question quantified. I wrote and told him I needed to think over that question. This is an attempt to provide that CEPA with some kind of intelligent answer.

My immediate response to the cost question is a common answer in the business of Master Planning, “it depends”.

Yes, it depends on a lot of factors: in fact too many to mention in this space. The real answer is that not having a plan can only be measured by three costs: loss of enterprise value, the morality cost of not doing the right thing, and the cost of timing.

The real cost of not having a plan is the cost of increased risks in each of the above areas!! Having a Master Plan greatly decreases your risk factors!!

Loss of Enterprise Value:

The biggest risk in all of these areas is the fact that business owners are human!!

What will be the effect if the owner is not involved or gone from operations forever??

I have seen statistics from the financial planning industry that says 50% of businesses who lose their owners because of disability or death become insolvent in two years.

There is no available guarantee that provides for owners to be around today, tomorrow, next month, next year, etc.

Just how is this risk quantifiable? Again, “it depends”! The size of the business, current business value, business operations assessment, industry, company resources, people, products, facilities, etc. all come into play in calculating the risk of being “human”.

If a Master Plan is in effect to “maximize the value of the business” as described in “Leg One” of a Master Plan and something happens to the owner, at least the blueprint for success and increasing company value is in place for others to implement.

THE MORALITY COST OF NOT DOING THE RIGHT THING:

Often a business owner is involved in being a “lifestyle” owner and they forget the “responsibilities” they have as a business owner. One the biggest they have is to their employees.

The company’s future success has a resonating effect on the success of each employee’s life and family.

BUT, if the owner doesn’t have a Master Plan in place and the business fails or their growth deteriorates and value decreases what is the cost effect of upon their employees and families????

How is that measured???

THE COST OF TIMING:

This cost covers a lot of risks in all legs of the stool.

In “Leg One”, what if products, services aren’t timed perfectly as they would be in a good Master Plan. How about the recruitment of personnel in a timely manner?

In “Leg Two” what about the timing of someone selling their business without appropriate financial planning? What if their financial resources fall short of the owner’s life span, etc.? What if there is no estate planning or poor planning and the business has to be sold to cover taxes when the owner dies?

How can the costs of these results be measured??

In “Leg Three”, what if they transition from the business without a life plan? What if family members aren’t involved? What if the owner loses their personal identification? What is cost of all of this personal non-planning?

SUMMARY:

I could write a book (and have) about this subject of “What is the Cost of Not Having a Master Plan or Exit Plan”.

Cost can only be measured in the “risks” that aren’t covered or are created without a plan in place.

Of course, the biggest risk that every owner must cover is the risk of being “human”!!!

This makes having a plan in place…………………………..mandatory!!!!

For more information, Contact Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
www.megabite-rb.com

How can Megabite Restaurant Brokers sell your restaurant, bar or nightclub business? You can discreetly and confidentially contact a broker at Contact Us, read other testimonials at Client Testimonials, search buyers at SEARCH OUR BUYERS or research more info here if you just want to understand how to SELL A BUSINESS.

Buyer-Seller Confidence Index: Small Business Sellers Remain Confident about Prices

Administrator September 30, 2016October 4, 2016 Buyers Seeking Restaurants Bars Food Service, General, Preparing your Restaurant for Sale

Media Release from BizBuySell … 2016 Buyer-Seller Confidence Index: Small Business Sellers Remain Confident in Current Market but the Gap is Closing as Buyers Seeing More Realistic Asking Prices

BizBuySell
September 27, 2016

Both Buyers & Sellers Say Election Result Could Change Their Plans in the Market, Data Shows a Clinton Win Could Lead to More Sellers in 2017

San Francisco, CA – BizBuySell.com, the Internet’s largest business-for-sale marketplace, announced today the release of its 2016 Buyer-Seller Confidence Index, a national indicator of small business buyer and seller sentiment of the current business-for-sale environment. The confidence index is calculated by evaluating survey responses of more than 2,000 people interested in either buying or selling a small business. A separate score is calculated for both current small business owners interested in selling and prospective buyers currently exploring the market. Each group’s score ranges from 0 to 100, with 100 representing a perfect environment for buying or selling a business and a score of 50 representing neutral confidence.

This year’s survey results show that while sellers continue to feel more confident than prospective buyers in the today’s market, the gap is closing. The 2016 Seller Index stands at 59, down slightly from 62 in 2015, while the 2016 Buyer Index grew to 49, up from 47 a year ago.

Overall, the Seller Index did drop three points from last year, but the 59 score remain higher than the 56 reported in both 2013 and 2014. In fact, nearly 60 percent of respondents said they are confident that they would receive a price that met expectations if they sold their business today. A majority (65 percent) also believe that they could get either the same or a higher price than they could last year.

Looking at the Seller Index’s slight dip more closely, owners appear to be a little less confident in the future than they were last year. In 2015, 59 percent of sellers believed they could wait a year and receive a higher price for their business. In 2016, that number dropped to 48 percent. Concerns of those with lower confidence include fear of a depressed small business environment and economy (38 percent), increasing costs (31 percent), declining sales and revenue (22 percent), changing wage regulations (17 percent) and changing healthcare regulations (15 percent).

Similarly, this year’s survey shows that almost 48 percent of owners believe selling right now would be difficult in terms of time, effort and expense. Just 40 percent believed the same in 2015. So what is making it more difficult? The top reason why owners said they couldn’t sell right now was that they didn’t believe they could get enough money to fund their future plans, whether that be retirement, a new venture or another purchase. Others said they couldn’t find a buyer right now or didn’t believe their business was performing well enough.

“While the Seller Index fell a few points, overall optimism remains,” Bob House, President of BizBuySell.com, said. “We’re seeing rising financials from most of the businesses sold on our marketplace this year so it makes sense that now would be viewed as a good time to sell.”

Prospective Buyers Noticing More Acceptable Asking Prices, Improving Small Business Economy

As is evident by the increasing Buyer Confidence Index score, buyers appear to be growing more confident they can hold their own at the negotiating table. Seventy-three percent of buyers said they would be able to buy a business today for an acceptable price, a slight increase from the 70 percent that said the same last year. When asked what makes small business sale prices more acceptable this year, most potential buyers credit owners for setting a more realistic price (38 percent) while others attribute the change to an improving small business environment and economy (35 percent), less demand/competition for listings (29 percent) and increased supply of businesses for sale (23 percent). Interestingly, sellers list the small business economy as a concern but buyers are seeing it as a positive.

In the bigger picture, however, buyers remain less confident in the market than sellers. Naturally, buyers are suspect of the other side as 60 percent believe small businesses for sale are currently overvalued, compared with just 4 percent who believe they are undervalued. Because of this, nearly half of buyers said buying a business right now would be difficult in terms of time, effort and expense. Many didn’t see the environment changing either as only 29 percent said they thought they can get a better deal if they wait a year to purchase. Most (56 percent) said prices would likely stay at their current values in 2017.

For those buyers who are still waiting to pull the trigger, the key constraint appears to be limited supply of suitable businesses as opposed to availability of financing. This year’s top inhibitor to ownership was simply not finding the right business (44 percent), much more common than those who said they don’t have available capital (25 percent) or can’t find funding sources (7 percent).

“It’s good to see the gap closing between buyers and sellers and a more balanced market forming,” House said. “As we move closer to 2017, it will be interesting to see how variables like the election results impact confidence.”

Buyers & Sellers Say the Election Result Could Determine Their Plans to Enter or Exit Small Business Ownership

With the U.S. Presidential election fast approaching, it’s possible these confidence numbers could be influenced by the winner. It appears both buyers and sellers would be more confident under a Donald Trump presidency. Fifty-seven percent of sellers and 54 percent of buyers said Donald Trump is the candidate who would most improve the small business environment. Comparatively, just 27 percent of sellers and 31 percent of buyers feel Hillary Clinton would most improve the small business environment. Further, 53 percent of sellers and 47 percent of buyers believe the small business environment would worsen if Hillary Clinton was elected.

Perhaps more telling than voting direction is that a significant number of buyers and sellers say they will actually change their ownership plans based on who wins, specifically if the less-favored Hilary Clinton takes office. In fact, one in five sellers said they would be more likely to sell their business if Hillary Clinton is elected President. Similarly, 31 percent of buyers said they would be less likely to enter small business ownership if Clinton wins.

Clinton supporters said they might take similar action should Donald Trump win. Sixteen percent of current owners said they would be more likely to sell and 15 percent of buyers said they would be less likely to buy if Trump wins the election.

So just why is the election result so important to small business owners and prospective buyers this year? When asked what issues were most important to them, both parties list tax reform, health care, economic policies, and jobs in that order.

Sellers Not Fond of New Overtime Regulation While Buyers Actually Support Them

Beyond the election, another issue impacting the small business community is the new Department of Labor overtime rules. Effective December 1, 2016, the new rules mandate any employees making less than $47,476 annually must be paid at least time and a half their regular rate of pay for any hours worked in excess of 40 a week.

Not surprisingly, small business sellers (the owners soon to be directly affected), were more likely to be against the changes. More than a third (37 percent) were against the changes, while 29 percent were in favor of the regulation changes; 22 percent have no opinion and 11 percent said they were not aware of the changes. Looking at the future, almost half (48 percent) of soon-to-be sellers believe the new overtime regulations will decrease the value of small businesses.

Buyers, on the other hand, were more likely to agree with the purpose of the overtime changes. In fact, most (41 percent) prospective buyers are in favor of the overtime changes, and the majority (80 percent) said the changing rules will have no effect on their plans to purchase a small business. It’s possible these buyers see a bargaining chip for the future purchase. Forty-eight percent said the overtime changes will decrease the value of small businesses.

About the BizBuySell’s Business Buyers-Seller Confidence Index

BizBuySell.com is the Internet’s largest marketplace for buying or selling a small business, with over 1.6 million monthly visits. The company releases its Business Buyer-Seller Confidence Index on an annual basis, reporting changes in buyer and seller opinions of the current business-for-sale environment. The index and scores are calculated through a number of weighted survey questions issued to over 2,000 people currently interested in either buying or selling a small business. For more information on the survey findings and index scores, please contact BizBuySell directly.

Media Contact:

Bobby Chilver
Walker Sands Communications
office: (312) 546-4712

Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
www.megabite-rb.com

Testimonial from Attorney

Administrator August 11, 2016January 25, 2017 General, Preparing your Restaurant for Sale

Testimonial from Attorney

I cannot recommend Jeff Adam highly enough. He maintains a grasp of all of his transactions and never seems to be at a loss of what is going on in each. I have on numerous occasions discussed with Jeff’s clients their appreciation of the personal service he provides whether the transaction involves $100,000 or is a multimillion dollar transaction. If you are looking for someone who understands each and every facet of your business or transaction, you will not be disappointed in choosing Jeff Adam.

Franklin Cram, PC, Attorney at Law

For more information, Contact Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
www.megabite-rb.com

Megabite Restaurant Brokers can help you value, sell or buy a restaurant, bar or nightclub business. You can discreetly and confidentially contact a broker at Contact Us, read other testimonials at Client Testimonials, search buyers at SEARCH OUR BUYERS or research more info here if you just want to understand how to SELL A BUSINESS.