Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

May 7, 2019

Reasons Why the Fort Lauderdale Business Climate is Ideal for Entrepreneurs

By Achim Neumann

Whether you’re looking to buy a business in Fort Lauderdale or sell a business in Fort Lauderdale, the “Venice of America“, is a popular tourist destination and one of the business powerhouses in the southeastern region of Florida and the US as a whole. The city is located in Broward County in the state of Florida, just 28 miles from Miami.

With more than 180,000 people living in the city proper, and over 6,000,000 in the Greater Miami Area, Fort Lauderdale is one of the perfect business centers with an ideal year-round tropical climate that not only offers a great quality of living, but makes for ease of business as well (no snow days here!). Throughout the year, the city boasts approximately 3,000 hours of sunshine.

The area boasts more than 4,000 restaurants, 63 golf courses, 12 shopping malls, and 132 nightclubs. Fort Lauderdale boasts one of the busiest entertainment and vacation destinations attracting well-to-do tourists in the world.

Tax Advantages For Businesses In Fort Lauderdale

According to the Greater Fort Lauderdale Alliance Economic Sourcebook, the state of Florida grants businesses an environment allowing them to flourish and expand through massive gains. The reason behind this is because the state of Florida does not have many pre-conditions often hindering businesses from gaining momentum.

In the whole country, Florida has one of the lowest corporate income tax rates at just 5.5 percent in the country and no state personal income tax! Fort Lauderdale has a lenient stance on:

  • Corporate income tax on limited partnerships.
  • Corporate income tax on subchapter S-corporations.
  • Corporate franchise tax on capital stock.
  • State-level property tax assessments.
  • Property tax on business inventories.
  • Property tax on goods-in-transit for up to 6 months.
  • Sales and use tax on goods manufactured or produced in the state of Florida for export out of the state.
  • Sales or use tax on boiler fuels.
  • Sales or use tax on co-generation of electricity.

Big Corporations In Fort Lauderdale

Fort Lauderdale is home to some of the biggest corporations from diverse industries. Because of Fort Lauderdale’s geographic location, you’ll find many logistics companies, warehouses, large international banks and everything that goes along with providing the basic services and amenities that 6,000,000 people need to live a quality life.

Geographic Superiority

Fort Lauderdale is located in a major American metropolitan region with over 6,000,000 state above, but it is also located on the fringe of the Caribbean and also serves a major port for LATAM. Port Everglades seaport is the busiest cruise port in the entire world and in the top 10 container ports for the country meaning there is a gigantic amount of transit from products to tourism.

Fort Lauderdale Workforce

The Florida Agency for Workforce Innovation reported that industries in Fort Lauderdale are projected to produce new jobs in a wide array of industries. This includes industries for the local government, professional services, scientific research, technical services, health care, administrative and support services industries.

Occupations that are expected to have higher needs include retail store attendants and customer service representatives. Skilled employment that is gaining a lot of traction and has a steady demand include HVAC technicians, cement masons, concrete finishers, and construction consultants. Meaning finding businesses for sale in Fort Lauderdale and selling a business in Fort Lauderdale are both good options for business-minded individuals as there are plenty of types of opportunities on the table.

Fort Lauderdale also provides moving and expanding businesses a wide array of benefits. Several noteworthy factors like business financing assistance, a streamlined regulatory process, low taxes, and the innovative and highly-ranked workforce development make the city a great option for investment.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

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Douglas DiCeglio

“I recently completed an acquisition using A Neumann & Associates. Tony Valentino was very helpful and accessible during the entire process. They do a thorough job vetting both parties and got us to the finish line.”

Srini Mudambi

“Claus out of Florida helped us with the sale of our business. We had never done anything like this and him and his team walked us through the process from start to finish. We had some challenges through the process and Claus continued to show up even in the difficult conversations.”

Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs

“A Neumann & Associates is the only business broker I would use or consult with. They have assisted with 3 business sales over the past 15 years with me. They are honest and sincere and have always performed better than my expectations. They are the only one i would use for the sales of my businesses.”

James Belanger, Business Owner

“I wanted to take a second to commend the exemplary customer service from both you [Karin Neumann] and Mr. Valentino. It’s both a rarity in the industry, and very much appreciated.”

Andrew G., Investor

“We worked with Neumann & Associates to investigate the purchase of a research company in 2010 and found Achim to be capable, forthright and realistic. His depth of experience enabled us to fully understand our options, offering creative options that might enable the acquisition. While we didn’t acquire that particular company at that time, we know exactly who to call whenever we’re looking to buy or sell a business.”

Daniel Coates, Buyer

“Purchasing a business through this firm was a pleasure. Gary was very professional and transparent throughout the entire process. I look forward to working with A Neumann & Associates in the future.”

William Klemens, Buyer

“I utilized A. Neumann & Associates to assist in an M&A process. They are VERY thorough in using their time-tested process to calculate the value of investment opportunities, a process which provided a very detailed explanation for the value of the potential opportunity. Additionally, they also went above and beyond to extend other services including connecting with others who specialize in your industry and can assist with necessary steps including legal and accounting. Highly recommended!”

Edward Lane , Business Owner

“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Achim, who explained the process in detail. He had his colleague Gary come to my office in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using when the time comes for me to sell my business for max value. They gave me great insight into the steps I need to take now to get the best deal in the future. I highly recommend this firm to anybody who wants to sell now or down the road. They not only know their stuff, their actually just real nice guys.”

Robert Kardane, Business Owner
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If you are considering selling your business, please contact us to learn more about our comprehensive service spectrum. Our experienced professionals will answer all your questions about selling a privately held business in complete confidentiality. Please fill out our contact form, or call us at 732-872-6777. We will contact you directly and will never identify ourselves to your employees.

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