If you are buying a business, you need to do your due diligence. It’s important to know as much about the business as you can before you make an offer on a business. Find out about the businesses existing contracts, licenses, agreements with employees, commercial leases, insurance policies and more.
You need to understand what you are buying. It’s OK to ask to see the businesses previous tax returns and financials. It’s important. You should always be on the lookout for any issues that might arise and bring legal troubles. Check to make sure the business is caught up on taxes, because you could be held responsible for delinquent sales tax.
You also need to ask what you are actually buying. Are you buying a building, the stock, all the assets or the entire business? Is the business name included in the sale? You will want to make sure that the licenses are transferrable (like a liquor license) or if they aren’t transferable, you’ll want to know how hard the license will be to obtain.
You’ll want to make sure that you work with a qualified business attorney and a qualified commercial real estate team whenever you buy a business because there are a lot of factors to consider.
RE/MAX Keys Connection
Upscale, Comfortable Commercial Real Estate Office
The RE/MAX Keys Connection office is located in the Historic Heritage House in the heart of Old Town, conveniently located immediately nearby major downtown hotels. Our unique, cafe-style real estate office offers our valued clients a welcoming, upscale, professional environment. Enjoy complimentary beverages, free wi-fi, and a private conference room or expansive front porch, depending on the level of privacy you’re most comfortable with.
- Florida Keys Bars & Restaurants For Sale
- Business Opportunities in the Florida Keys
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- Multi-Unit Commercial Properties For Sale in the Keys
Experienced Commercial Real Estate Brokerage Company
RE/MAX Keys Connection’s owner and broker Curtis Skomp is one of South Florida’s top commercial real estate brokers. With over two decades of experience and a CCIM (Certified Commercial Investment Member) designation, Curtis has brokered commercial real estate including industrial properties, shopping centers, strip malls, trailer parks, bars, restaurants, hotels and multi-unit apartment buildings. Unlike many brokers, Curtis isn’t intimidated by bank foreclosures either.
RE/MAX Keys Connection offers clients international exposure with local service. Our service area includes Key West, Big Pine Key, Marathon, Islamorada, Key Largo, and all of unincorporated Monroe County. Our office is fluent in Spanish, which is highly important when doing business in Southern Florida.
