Business purchase opportunity–A client of the law firm has asked us to post the following information about the sale of an ice cream and sweet shoppe:
After recently receiving her green card, the owner is wishing to sell her business in Southwest Florida. The business is a well-known national ice cream franchise and confectionery business, located in a mall and anchored by major tenants.
This shoppe offers customers an impressive selection of fine confections and ice cream, all in an enjoyable, service-oriented atmosphere and is designed to give a warm welcome and a nostalgic nod to the good ol’ days of old-fashioned sweet shoppes. From fine chocolates, handmade fudge, and caramel apples, to their own original recipe ice cream, the shoppe offers a selection of quality confections.
Annual revenues are $400,000, allowing the owner to have a salary of $75,000 (including benefits). Low staffing requirements. Equipped with full remote camera monitoring system. Appliances and leasehold improvements are in excellent condition. The business is well-suited for a couple working part-time. Owner is willing to train Buyer on operations. Priced between $450,000-$550,000.
For franchises, this shoppe offers a successful, modern business backed by years of experience.
For more information, please call (514) 947-1993 or e-mail firstname.lastname@example.org.
There is a new potential E-2 investment available on one of Florida’s beautiful barrier islands. This one is a seafood restaurant is for sale in Bradenton Beach, FL for $175,000.
According to the seller, this is a profitable and elegant seafood and steak restaurant with a 4COP liquor license available in a superior beach location. The diverse and unique menu and wine selection is tailored for discriminating customers and the restaurant has a popular and affordable happy hour. The restaurant is 2,100 sq. ft. and there is an attractive 1,400 sq. ft. 3/1 living space on the property which could be converted for use with the restaurant and/or food/beverage service business and would also make a nice living quarters for owner/operator/manager.
Does not do Lunch, yet. Historically has closed for one month vacation. Reasonable lease terms available. Reasonable offers considered.
Gulf Coast of Florida, Tampa Bay/Sarasota Area. For more information contact Jim Adkins at 941 713 1260. For more on how to use commercial property to qualify for an E-2 investor visa, watch our video below:
Our immigration attorneys regularly work with foreigners who want to invest and start businesses in Florida. There are 2 main strategies we recommend to immigrant investors and entrepreneurs: the E-2 and EB-5 visas.
E-2 investor visas are popular with immigrant investors as a way to qualify by investing a substantial amount of money in a new or existing enterprise that is real and active and will either produce more than a living wage for the investor and his/her family or will make a significant economic contribution through job creation. The visa often allows an investor to stay in the US for 2 to 5 years and is renewable.
The E-2 visa can ultimately lead to an EB-5 green card if the investor invests $500,000 to $1 million and creates 10 new full time jobs. For more information on E-2 and EB-5 investor visas and their requirements please watch our latest video on the subject.
At ImmigrationSarasota.com we often receive notifications of businesses for sale. We like to share these opportunities with our readers who may be looking for a new investment opportunity or for a way to qualify for an E-2 and EB-5 business. Sharing this information does not constitute a statement that this business would help an investor qualify for visa. We need to see more detailed financial information in order to provide our opinion on the business’ viability. Any investor who may be interested can request the financial details from the business broker and present them to us for an opinion.
Business for Sale
There is a new business opportunity in Southwest Florida. The business broker believes that it will help a foreign investor qualify for an E-2 visa. At this point we do not have enough financial information about the business to declare that it would do so. We decided to list it here and anyone interested can inquire with the business broker. More information is available with a confidentiality agreement.
The broker reports that the business is a high-end salon and day spa located in one of Southwest Florida’s most affluent areas. The spa services clients all year round. Over 4000 square feet offering high quality treatments from facials, massage therapy, and body treatments, to hair styling and more. The owner is willing to train and proof of funds is necessary.
All rooms are equipped with service tables, sinks, hot cabinets, racks, mirrors, plants etc. Day spa and salon software is included. A complete website with full supported domain as well as email is included. The manager and receptionist are fully trained and will stay on board. This business has a positive cash flow. Retail inventory is separate at approximately $23,400.
Over 4500 sq ft with lease is available. The owner will renegotiate on good terms with qualified buyer. All fixtures and equipment included. Retail inventory is available separate.
The asking price is $395,000USD.
For more information please feel free to contact Della Booth: 239-699-4493.
Sarasota immigration attorneys often work with immigrant investors and entrepreneurs who want to live and work and grow a business in the United States. Two of the strategies we recommend pursuing involve the E-2 and EB-5 investor visas. E-2 investor visas are popular with immigrants as a way to quailfy for residence based on an immigrant’s entrepreneuerialism. Immigrant investors qualify by investing a substantial amount in a new or existing enterprise that is real and active and will either produce more than a living wage for the investor and his/her family or will make a significant economic contribution through job creation. The visa often allows an investor to stay in the US for 2 to 5 years and is renewable. The E-2 visa can ultimately lead to an EB-5 green card if the investor invests $500,000 to $1 million and creates 10 new full time jobs. For more information on E-2 and EB-5 investor visas and their requirements please watch our latest video on the subject.
Large Business for Sale
As stated above, immigrant investors qualify for an E-2 Visa by investing a substantial amount in a new or existing enterprise. While we are not in the business of recommending enterprises to potential E-2 investors, we know many business brokers who are. Recently we heard from Tony Dempsey of Sunstate Business Brokers about a business he recently listed for sale that may help an immigrant investor qualify for an E-2 visa.
Mr. Dempsey reports that the business is a physical therapy clinic in a desirable location. Growth has been and continues to be outstanding, as has profitability. The owner has created a unique and dynamic business model with a diverse approach to securing multiple patient referral sources, large and diverse service offerings, bilingual staff, classes and clinics provided, revolutionary FDA approved technology, in addition to DME sales and a weight management program; all this coupled with first class billing and administrative systems. Part of the attractiveness of this business as a potential acquisition is the fact that the owner is no longer involved in the day to day running of the business; that being left to management and the other therapists. The owners currently spend much of their time out of state and will be moving westward to be close to their family and start another physical therapy clinic there.
The asking price is $999,000. Gross revenues: $1,184,518. Cash flow: $360,172. The business comes with $10,000 in inventory and $110,000 in furniture, fixtures, and equipment included. The clinic was established in 2005, and has 15 employees. It is located in a 2950 sq foot modern facility on a major traffic artery. Rent is $3200/month.
E-2 or EB-5?
Our assessment is that this investment opportunity could be an option for someone looking for an E-2, L-1 or EB-1 visa. But, this would not work for an EB-5 because the regulations normally require the creation of 10 new full time jobs. The only way it could work for an EB-5 would be:
If the business has a substantial loss for one out of the past 2 years (in which case, the EB-5 investor can qualify if it preserves 10 FT jobs) OR
The EB-5 investor creates 10 additional FT jobs within 2 years.
Small Business for Sale
Mr. Dempsey also shared a second, smaller business prospectus with us. He reports that a well established Franchise would provide the new owner with a repetitive revenue stream from the constant reordering of a highly consumable product in a Business to Business environment. This coupled with a productive retail/production facility captures additional revenues from the consumer marketplace. The owner is highly motivated and will offer financing for a financially qualified buyer.
This is an established local franchise store, one of 1600 franchised retail locations in 50 countries, that originally focused on the refill and remanufacture of ink and toner cartridges for printers, but which has now expanded to include an array of related services supporting home and office printer users. This includes offering HP and Canon printers for sale, which makes a perfect complement to the printer cartridges they offer. In fact, for more than 20 years the franchises have been not only perfecting the art of remanufacturing printer cartridges, but also providing world-class customer support for hundreds of new printer products. This local franchise services virtually any item that serves a printing function, including fax machines, postage meters, photocopiers and more. Their focus is on Business-to-Business but also service the end user retail market with a 100% guarantee on their OEM remanufactured ink and toner cartridges and special promotions throughout the year. They pick up and deliver in a 3 county area.
With $332,321 in gross income, 20,000 in inventory, and 2 employees, the asking price is $150,000.
Qualify for an E-2?
We urge investors to be aware that this business may not by itself help an investor qualify for an E-2 visa. However, it could be part of a successful strategy that includes other businesses or an expansion plan to open new locations. For any questions about these businesses please contact Tony Dempsey at Sunstate Business Brokers: 941-932-5512. For more information on how to qualify for an E-2 or EB-5 investor visa, please feel free to contact us: 941-366-9841.
Business for Sale: Regional Sports-Related EB-5 Project
Qualifying for an EB-5 investor visa is an increasingly popular way to get a Green Card to the United States. Prospective Green Card holders generally must invest $500,000 (plus fees) in a qualified project in the United States that will result in the creation of 10 jobs.
We are happy to report that there is now a qualified EB-5 investment opportunity in Lakewood Ranch, FL. EB-5 GoodSports LWR, LLC and GoodSports LWR Sports Campus, LLC are entering into a joint venture to acquire 30 acres of land in Lakewood Ranch in order to build a hotel, sports facility, and waterpark.
Rendition of the GoodSports Fieldhouse
GoodSports LWR Sports Campus, LLC and their related companies are qualified under the EB-5 program, to offer Green Card eligibility to over a hundred qualified immigrant investors, each investing $500,000 plus expenses, with the goal of obtaining Green Card Status for themselves, their spouse and any children up to 21 years of age.
The EB-5 program offers a relatively quick route for immigrants to receive Permanent Residency status in the United States. Immigrants matched with a qualified project can receive their Green Cards before they immigrate to the U.S. The investments are required to be equity investments and investors must assume all the same risks as the other owners of the project business, but are not required to manage the day-to-day affairs of their business investment project.
The GoodSports EB-5 project is initially seeking 40 investors for its first phase. The fund will provide money to an entity that owns and operates a multi-sport complex and adjoining lodging facility. The project may have appeal to prospective foreign investors already in the Sarasota/Bradenton area, because the community attracts a large number of sports-related visitors each year. Prospective investors may like the sport-themed nature of the project and the fact that is local.
Readers are advised that this article has been provided for informational purposes only and should not be viewed as investment or immigration advice. An EB-5 investment is a financial transaction that involves risk and anyone considering such an investment should involve a team of financial and legal advisors.