Peter Harrison: Unveiling the Secrets of Business Valuations, from Restaurants to Revenues and the Symphony of Selling Companies

16W Media Group Presents The Branding Highway Podcast

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Ever found yourself pondering the true worth of a business? Peter Harrison, the brain behind Tampa Business Brokers, joins us in a compelling narrative that unravels the mysteries of business valuations with a spotlight on restaurants and bars. From his firsthand experience with an undervalued sale of his own wireless store to guiding others through understanding their enterprise's real value, Peter's journey is as educational as it is inspiring. Our engaging chat reveals how aspects like gross sales, rent, and liquor licenses can sway a restaurant's market value, and why a successful Sarasota eatery run by a power couple is setting the benchmark for business profitability and transparency.
Navigating the world of business sales can be as intricate as composing a symphony, and in our episode, the harmonies of strategy and challenge come to life. Peter and I explore the savory and service-based sectors, dissecting how franchises stack up against starting fresh and why home service businesses are catching the eyes of savvy buyers. The chorus of our conversation emphasizes the allure of recurring revenue through maintenance agreements, making it music to the ears of potential entrepreneurs and investors. Our dialogue serves up a main course of actionable advice, whether you're looking to acquire a bustling bistro or cash in on your startup's success.
Balancing the scales between personal life and the high-stakes game of business brokerage, Peter shares his philosophy on cultivating relationships with teachable clients and parallels the deep emotional investment of selling businesses to real estate transactions. We peel back the curtain on the precision and dedication needed to craft high-quality confidential business reviews and the agility of boutique firms in responding to client needs. Wrapping up, Peter imparts his wisdom on the art of managing expectations and the impact of genuine client reviews on successful brokerage outcomes. So tune in and let this episode be the guidepost to your next business venture or the sale of your cherished company.
Pete Harrison is a professional business intermediary specializing in business brokerage. After years of experience buying and selling his own businesses, Pete became prompted to help sellers attain fair market prices, as well as help buyers, make more satisfying business purchases. His firm has been successfully implementing and executing proven sales processes, as well as assisting with appraisals, negotiations and the marketing needs of small business owners since 2003.
Pete offers business brokerage services that span over 40 different industries, including Food & beverage manufacturing, retail, transportation, communications, publishing, medical facilities, educational facilities, sports & recreational entities, marketing firms, construction and more.
Additionally, Pete specializes in new and used franchise re-sales.
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https://www.tampabusinessbroker.com/

Kapitel

1. Business Broker Discusses Restaurant Valuations (00:00:00)

2. Business Sales and Music Passion (00:09:31)

3. Navigating Business Brokerage and Client Relationships (00:20:22)

4. Business Broker Success and Strategies (00:27:18)

5. Building Business Partnerships (00:32:54)