Saturday, October 22, 2016

Buying a Restaurant to Obtain Immigrant Visa


Many chefs and restaurateurs from around the world know that buying a restaurant can be a great way to enter the U.S. and obtain an immigrant visa. By making a substantial investment into the U.S. economy foreign investors are granted permission to live and work in the U.S. for extended periods of time. Florida with its great weather, beautiful beaches and robust economy has become a destination place for foreign nationals who are making acquisitions on both the West & East Coast to accomplish their dream of coming to American and buying a Florida Restaurant for sale and obtaining an immigrant visa.
Buying a restaurant for visa


There are several options available but the E2 and EB5 are the most poplaur. The requirements and benefits of each are different so it is important that a prospective buyer check with a competent immigration attorney to see which might be the best option. There are also different restrictions depending on which country the immigrant is coming from.

The E2 visa usually requires the lowest investment and many E2 visas get processed with as little as $100,000 U.S. dollars being invested.  The challenge with the low investment for the E2 is often finding a restaurant for sale that has clean books and records where the income can be proven on tax returns. It is important that the restaurant being acquired for a visa is profitable and that it is a viable business enterprise. The lack of tax records can sometimes be overcome by providing a good business plan where detailed financial information about the restaurant for sale is presented. The drawback with the E2 is that it has to be renewed every 2 years and it does not offer a clear, permanent path to U.S. residency.

The EB5 visa usually requires a significantly higher investment. Again it is always best to check with an immigration attorney but the general guidelines for the EB5 visa is a minimum of $500,000 U.S. dollars being invested, the restaurant being acquired for the visa should be able to support 10 or more employees and some management staff is helpful. The benefit to the EB5 is that it is a more permanent path to a green card and U.S. citizenship.

So whether it is an E2 visa or EB5 visa the path to U.S. residency by buying a restaurant and obtaining a visa is a great way to be able to live and work in the U.S. IF you are specifically looking at buying a restaurant in Florida please visit restaurants for sale in Florida.

Friday, January 15, 2016

Best Compilation Of Sureshot Tips To Start a Cleaning Business


Initiating your career with a cleaning business can be made an easy-to-do task if you are having a well-defined business plan that is being ready to be followed. But if you are new in this business, how will you determine the business plan, especially in the field of cleaning business? Being a novice, isn’t it quite difficult to have a concrete business plan? 


So in order to help you out, we are shortlisting some of the best tips that are necessary to keep in mind before starting a cleaning business:

1. The first thing to do is decide your customer base. If you want to serve your needs as the corporate clientele then the business strategy must be different from what it actually needs while sticking to the domestic services. For an instance, if you need to start up a carpet cleaning business for sale, you need to offer the services that can be beneficial to the corporate sectors as well as domestic areas too.

 2. Before undertaking any of the projects, you need to register your business with the local business bureau. Also, you need to apply some necessary efforts in such a way that your company ranks higher in the relevant searches that are basically carried out by any of your potential clients. If you are not willing to use your name for registering your business, look out for a suitable person who is ready to do so.

 3. Any of the business needs manpower for constant supervision and this applies to the cleaning industry too. It is not recommended to take all the task on yourself for saving your money. Better hire trusted and well-suited individuals that can take care of the client services, finances and other major things.  

 4. The industry of the cleaning business usually involves some of the technicalities of the activity. There are different types of situations that require different approaches while depending on the location, cleaning agents as well as the materials involved with the process.
 
 5. Next comes the insurance which is a major factor for any of the businesses and thus for the cleaning business too. There are different types of equipment as well as tools that usually costs higher and can be at the risk of getting destroyed, damaged or wasted during any of the ongoing projects.  

Thus, these were some of the major factors that play a major role in establishing and successfully running a cleaning business. As soon as you achieve above-mentioned things, you can start your own business even on a small range by distributing several pamphlets in your area. Also, you can prepare a small portfolio of your previous works that you have done in order to grab a good business deal and getting good business opportunities.

Thursday, December 31, 2015

5 Foolproof Tactics To Sale Your Small Business


Selling a small business is quite tough and even complex process that includes various aspects. Selling process may require you to enlist a broker, an accountant and an attorney as you start the process. The small business sale will need great time and once it is sold, you will require few smart ways to deal with profit. Consider these five essential considerations which can help you to architect a solid plan and make it a successful sale. 

Reasons For The Sale  : For what reason you have decided to sell your business is an essential question for any buyer. Buyer’s initial question would always be – “Why you have decided to sell?” This question would be the decision factor for them. 


Based on your answers he will decide if to carry on the process or not. Owners usually keep their small business for sale for following reasons: 
  • Retirement
  • Becoming overworked
  • Partnership disputes
  • Boredom
  • Illness and death 
Few owners sell their business when the business is not profitable, however giving this reasons will surely drop down the buyers. You need to consider the business ability to sell, its activeness and the timing of selling. There are numerous aspects which represents your business as more worthy business to purchase:
  • Increasing profits
  • Consistent income figures 
  • A strong customer base 
  • A major contract that spans several years 
  • Timing of the Sale
Ideal Time For Sale : The ideal thing for selling your business is to prepare for your sale a year or two prior of time. This preparation will assist you to make changes in your financial records, business architecture and customer base – hence you can improve your business and make it more profitable. Such improvements make the transition easy for the buyer and keep the business running smoothly. 

Valuation Of Your Business : Now your next deed is to evaluate the right price of your business to ensure that your price is not too high or not too low. For that you can discover a business appraiser to know the exact valuation. What would the appraiser do? The appraiser will analyze every thing and will draw up a clear detailed explanation of the business’s worth. 


Ask the appraiser to give the documents that clearly explains the valuation of the business. This document will invite credibility to the asking price and will serve as a gauge for your listing price. 

Sell Your Own Or Take Help Of a Broker : While at the time when you sell your business yourself you will easily save money and avoid the broker’s commission. And it turns out to be best when the sale is done to a trusted family member or current employee. Well in other circumstances, a broker will assist you to keep the business up and running, and he will keep the sale quiet and you will get the highest price. 

Keep The Documents Ready : At last ensure that all your financial statements and tax return documents processed three to four years back are ready and even review them with an accountant. Along with that, build a list of tools that will be sold with the business. Then create a list of contacts related to sales transactions and supplies, and dig all the important paperwork like the current lease. Now create a photo copy of these essential documents to give it to the financially qualified potential buyers.

Tuesday, December 15, 2015

Seven Things You Should Know Before Embarking On Business For Sale


There comes times when you don’t really want to continue your own business and relax your few left days. Business selling can be daunting but with help of a broker you can easily deal with things.

There are numerous steps involved in selling a business which most of the owners don’t know, few of them are totally involved in the process and at the end they have no idea about what they are doing and feel overwhelmed and buried. 

By hiring a broker, you can easily run the business while they do the back work for you and later you reap the rewards. No matter you sell the business or not, these few tips will surely help you out to sale. These tips are based on my experience of business for sale in Sarasota

1. Hire CPA

Initially you need to hire a CPA who can give you month to month compilation of your benefit and loss statements and balance sheet. This work should be done in a convenient way each and every month, as nobody will consider purchasing your business due to out-of-date financial data. 

2. Tax Returns

Complete your organization tax returns in an opportune way. Dodge extensions for documenting, if at all conceivable. Your filed tax returns convey validation to your business' yearly results. 


3. Extra Expenses 

Keep note on all the discretionary costs that are done in the business. These are costs that are carried through the business that may not be important to the business for another owner yet rather may add to the productivity of the organization for him. You ought to keep receipts for these and have the capacity to explain them to a potential purchaser. 

4. Taxation Rate 

Watch your CPA for noting down the tax consequences of selling your business. There are numerous strides you can take to minimize the taxation rate and an experienced CPA ought to realize what they are. 

5. Focus On Selling 

Now make sure you are 100% focused on selling your business when you put it available for sell! There are regular ups and downs in the process, so in the event that you are not completely dedicated to the idea, it presumably won't work. 


6. Up-to-date Documents 

Keep track of the incomes and expenses as soon as they occur and keep your documents on accrual method of accounting as in our opinion which reflects the genuine performance of your organization. We trust this makes it less demanding to offer a business at the most astounding cost conceivable. 

7. Clean Office 

Make sure that you keep your office and other equipment in a slick and organized style. "Curb appeal" plays an essential part in any purchaser's impression of your business and affects the value you can acquire for it. 

8. Hire Broker 

Hire an expert who can represent you. An expert broker will give you great help in all kind of negotiations; he/she will discover purchasers and qualify them, secure secrecy, and at last will even close the deal for you with right documents. Hiring them will surely save the time and cash.  

Broker

 9. Remove Unwanted

 Remove the over-matured or un-marketable stock prior you sell it. You commonly will incorporate an "average" amount of attractive inventory in the cost when you offer the business. This should be present and marketable. 
  
10. Perfect Equipment 

Ensure that the all of your equipment are in great working condition when you pass on it to another proprietor.

Monday, December 7, 2015

5 Low Capital Aviation Business Ideas


Starting your business in aviation industry is great idea. A sure idea to earn and see your business growing forever. However, starting your own venture in aviation is quite difficult especially if you don’t have enough capital. Don’t despair, if you are really interested in doing business in aviation sector then you can start any of the following business with low funds too. Below are 5 ideas to set your own business in aviation industry:

  • Aviation Fueling Business
The flying fueling service business is as old as the flying business itself. What's more, it's an exceptionally lucrative endeavor, as each aircraft requires fuel to fly. The business obliges both commercial business and private aircraft administrators, so there's quite good market for shrewd players. On the off chance that you have the needed experience and great start-up capital, beginning an aviation fueling business can be an extremely gainful business wander. Even if you don’t have enough capital for purchasing you can purchase the aviation business available for sale.



  • Aircraft Wash Service
You would be quite aware about the fact that air-crafts are been washed routinely to make them look perfect and alluring. Actually, clean aircraft is a reason why clients cherish some airline administrators. This clarifies why most administrators esteem it important to wash their air ship regularly. Beginning an aircraft washing administration business requires no formal capabilities or affirmation it just requires negligible start-up capital. 

  • Airport Catering Service
It’s seen that while waiting for the flights or for after their hour long flights, aircraft travelers more often than not feel the need to take some food. This is the place air terminal eateries and lunch rooms prove to be useful. On the off chance that you pride yourself on having incredible culinary abilities, you ought to think about beginning as a cooking administration that offers nourishment to air terminal travelers. So also, you can team up with aircraft administrators and give pre-flight dinners to their clients. 

  • Aircraft Advertising
Some aircraft administrators give rewards to individuals who can bring them clients. Not only that but they normally pay enormous commissions for every client alluded to them. The commissions are significantly higher for extravagance airline operators who contract out private planes. In case if you have strong promoting abilities and can without much of a stretch persuade individuals to make any action you expect of them, then you can procure an enormous month to month wage as referral commission from airline administrators. 

 
  • Aircraft Parts Selling
Air-crafts are basic and are utilized each day, so it is understood that some of their parts should be supplanted at every specific period of time or at whatever point they get harmed abruptly. This makes huge benefit opportunities for organizations that offer these parts available to be purchased. In the event that you have the required start-up capital and are great at building associations, then you ought to think about beginning as a business that offers air ship extra parts to aircraft administrators. 


Wednesday, November 18, 2015

Selling Your Business? Don’t Commit These Mistakes

There are several businesses being sold and business owners often make some big mistakes during the selling process. On committing these mistakes, they are putting all the hard work and long-term investment in the drain. Selling a business is not an easy process and there are several considerations that goes into the same. Here are the four mistakes that you could avoid to avoid any disappointments while selling your business. We have been following the best practices at Truforte Business Group and avoid the following mistakes.
 
 
 

#1: Failing to plan well ahead or waiting too long for selling:

It is a big mistake if you are waiting too long to sell the business. Therefore, you will need to do some long-term planning in order to make your business successful. If you are skilled in planning and do it to the detail, it will pay off in the future. You never know when that perfect buyer may walk into the business and make an offer that could not be refused by you.

#2: Not contacting the right person to associate with you business selling process:

It is essential to find the right broker or a consultant that have the experience of selling a business. Business owners make the mistake of not going to multiple agents or consultants and just get the process going with the first person that they meet. This could cost a lot of time and money in the long run. Within a few months, you might not be able to see any results and will have to go on the search all over again.
 
 
 


You might end up paying a huge fee to the first broker whom you meet, and will be disappointed if that broker has been unsuccessful in even bringing one single lead for your business. It is a good practice to interview at least 6-8 agents before giving any one the green signal.

#3: Thinking that you don’t have to take care of the promotions:

It will be a foolish practice to think that the broker will take care of all the promotions for you. It could prove to be deadly. Who knows the business better than you? After all it’s your baby. No one could be more knowledgeable about your business than you. A broker might be getting some activity for you, but you need to continue as well.

#4: Asking too much or too little for the business:

Setting up very high or unrealistic price tag on the business could lead to a dead end street. You couldn’t get high buck for an under-performing business. Consider the type of industry, similar businesses, the economy and the marketplace when pricing the business.
 
 
 
 
On the other hand, a business that does not generate the profits will do well with a going-out-of-business sale. An instant cash flow could be generated with this kind of a sale. Too many business owners miss this wonderful opportunity.

Conclusion:

You could evaluate the available options for you and make the best selection for the long term. You could ask yourself after meeting the agent whether he is the best person to carry out your business’ selling operations? Or could they quickly connect with the customer base and help you in striking a great deal?

Tuesday, November 17, 2015

Revealing Sureshot Principles To Find The Best Business Broker!

Whether you are planning to buy any of the businesses at the lowest price or sell your small business at the highest price, it involves a lot of things to consider. Especially while planning to sell a business, finding the right buyer is quite daunting and at the same time a challenging task. As a result, in order to make this process easier, the business broker comes into the picture.

You need to hire a business broker for selling your business. But so you know who the business broker actually is? A business broker is just similar to the real estate agent that offers the clients with a matchmaking service for bringing the buyers and sellers together in the business. A right business broker can help the small businesses to achieve maximum dollar value. As a result, in order to help you out in finding the best business broker, below are listed some of the sureshot principles by the trufortebusinessgroup.com:
 
 
 

Getting Referrals: Getting referral from a trusted source is one of the best practices. You can ask your lawyer, accountant as well as other industry associations for suggesting reliable business brokers.

Finding a Specialist: A business broker spending all their time in selling their businesses will help in adding more value to the sales transaction  as compared to a part-time agent. A full-time broker would be specialized in bringing the networking of the contacts by understanding the principles of business valuation.

Checking IBBA certification:
The IBBA certification, legally termed as The International Business Brokers Association® is a non-profit trade association of the business brokers. They provide conferences, education, professional designations as well as networking opportunities to the business brokers.

Practising Due Diligence: With the buyer’s point of view, they will look for the due diligence and so you should be prepared for that too. One has to examine the broker’s background, experience as well as the credentials too.
 


Keeping a Secret: Just avoid losing the important staffs as well as suppliers by keeping a secret of your business sale. As selling of a business is highly confidential matter, one has to keep the deals secret to the maximum possible extent.

Avoiding Pressure: Make sure that your business broker is not creating an unwanted pressure on you. As selling the business is a complex process, you must not rush for making any decision in a hurry. Just take adequate time to learn as well as clarify all the necessary uncertainties.
 
 


Delivering Marketing Plan: Selling the business is not just about marketing, but it involves proper positioning of the sale of your company. This will ultimately attract and motivate a maximum number of buyers as possible while including different advertising strategies for attracting potential buyer leads.

Thus, the above-mentioned principles could help you the best way in finding and finalizing the best business broker for your business selling needs.