Murphy Business & Financial Corporation LLC Welcomes Hampton Roads, Virginia Office

Franchising.com | November 2016

 

Nation’s Premier Business Brokerage Firm to Meet Demand in Southeast Virginia

 

VIRGINIA BEACH, Va. – Murphy Business & Financial Corporation LLC, North America’s leading, full-service business brokerage firm with more than 180 offices in the United States and Canada, recently announced the opening of an office servicing Hampton Roads and surrounding communities in southeast Virginia. A full range of services and support are now available to local business owners seeking professional brokerage counsel.

 

Frank Chebalo, owner of Advanced Business Brokerage, has joined the Murphy Business franchise network to provide one of the state’s most comprehensive business brokerage services. The Virginia Beach Murphy Business office will support entrepreneurs with the sale of their businesses, purchases, valuations and mergers and acquisitions.   

 

“Murphy Business & Financial Corporation is a reputable name that I’ve been familiar with since I started my business brokerage career,” said Chebalo. “I’ve been impressed with the company’s pace in the industry, growth and development and overall position it currently holds in the business brokerage space. Our team looks forward to meeting the visible demand in the area by being a trusted partner to business owners and interested buyers with the support of the Murphy Business brand.”

 

Prior to his work with Murphy Business, Chebalo held executive positions in the New York Times Company’s Broadcast division which was made up of nine television stations. His most   recent broadcasting role was president and general manager of WTKR-TV, the CBS affiliate in Norfolk, Virginia. His experience with financial and capital planning, management and strategic leadership in the broadcasting industry refined his business skills, leading Chebalo to realize a newfound appreciation for business negotiations and acquisitions. In 2007, Chebalo left the broadcasting sector to join Sunbelt Business Brokers of Hampton Roads as a senior business broker where he aided in the buying and selling of storefront businesses for clients. Upon his success as a senior business broker, Chebalo launched Advanced Business Brokerage where he and his team specialized in the sales and acquisitions of Main Street businesses. Today, Chebalo brings his team, expertise and extensive database of local clientele to join the Murphy Business network.

 

As he looks at today’s marketplace, Chebalo sees an increase in demand for business brokerage services – a growing pool of qualified buyers is emerging as unemployment continues at its current rate and instability within corporate environments remains persistent. Chebalo has seen an increase nationally, as well as locally, over the last 12 months of businesses being sold and at higher prices – the industry expects the upward trend to continue through 2016. To learn more about the Virginia Beach Murphy Business office and its unique collection of business brokerage services, contact Frank Chebalo at f.chebalo@murphybusiness.com.

 

About Murphy Business & Financial Corporation LLC

 

Clearwater, Florida-based Murphy Business & Financial Corporation LLC is a full-service business brokerage firm facilitating business sales, purchases, consulting, valuations, mergers and acquisitions. Closing deals at a higher ratio than the business brokerage industry average, several accolades have been bestowed upon the company including Top 50 Franchisee Satisfaction Award-Winner 9 consecutive years according to Franchise Business Review.

 

 

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How Trump’s business agenda could impact M&A activity in Tampa Bay

Tampabay Business Journal | November 2016 | By Margie Manning 

 

Now that the presidential election is over, look for a pickup in acquisition activity among small and mid-size businesses.

 

“We’re expecting a lot of activity in M&A world and business transaction world in the next couple of years,” said Russ Bieber, vice president, sales and training, at Murphy Business & Financial Corp., a Clearwater-based business brokerage firm.

 

The third and fourth quarters of presidential election years always are slow times for business sales, as owners put off making any big decisions until “after the election.”

 

Uncertainty about the future plays a major role in that trend, which Bieber said was not just a phenomena this year, but has occurred consistently in the 35 years he’s been in business.

 

“They know what they have with the business they operate, and if they sell it, they’ve lost that lifeline. In many cases it’s the biggest asset they own,” he said. Buyers also are more cautious before an election, he said, because they know quality prospects are sitting on the sidelines.

 

As President-elect Trump rolls out his economic agenda, likely to involve cutbacks in government regulation and lower income taxes and capital gains taxes, Bieber expects the small to mid-size companies his firm represents to become even more attractive targets.

 

“He’s made these promises. If he abides by these promises, 2017 and beyond might be pretty good,” Bieber said. “The clients we are approaching would all be doing better. “

 

Under Trump’s previously announced proposals, seven tax brackets for individuals would be reduced to three; the top tax rate would be cut to 33 percent from 39.6 percent, and a 3.8 percent Medicare surcharge on capital gains would be repealed, according to the New York Times Dealbook.

 

Trump also has talked about a crackdown on undocumented immigrants, who make up the labor force for some companies. But Bieber said Trump’s promise to “build a wall” to keep illegals out would not be a major negative factor in business sales.

 

“Most business owners today are very careful with hiring people who are not documented,” Bieber said. “When you go to sell, that’s one of the first questions we ask, how many people are not documented and paid in cash?”

 

It’s harder to sell companies that pay any workers — not just undocumented ones — off the books, but it’s also becoming less common. For instance, bars and restaurants used to pay in cash, but now more customers use credit cards for payments, so cash pay to workers is down.

 

When asked what types of businesses sell fastest in Florida and the Tampa Bay area, Bieber had a quick response.

 

“The profitable ones,” he said.

 

Buyers, such as private equity firms with a lot of stockpiled cash, are looking for bigger companies to buy.

 

“We are inundated with requests from those looking for companies to buy that are of a fairly good size, netting $1 million or more in EBITDA [earnings before interest, taxes, depreciation and amortization],” Bieber said.

 

Companies that sell quickly locally include those involved with medical products and services, high tech and online internet-based companies with workers who can do their job without coming into an office.

 

Service-related business aimed at Florida’s retired population also sell well, he said.

 

Companies that involve working outdoors in the summer are a harder sell. That includes paving businesses, tree-trimmers and commercial painting contractors, which also face high workers’ compensation costs.

 

 

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Nation’s Premier Business Brokerage Firm to Meet Demand in Western Montana

Franchising.com | November 2016 

 

BUTTE, Mont. – Murphy Business & Financial Corporation LLC, North America’s leading, full-service business brokerage firm with more than 180 offices in the United States and Canada, recently announced the opening of a new office in Butte servicing Lewis and Clark, and Silver Bow counties as well as eight surrounding counties in Montana. A full range of services and support are now available to local business owners seeking professional brokerage counsel.

 

John Maslanik, the new representative, has opened the Helena-Butte office to provide one of the country’s most comprehensive business brokerage services to the region. The new office will support entrepreneurs with professional services to aid in the sale of their businesses, including valuations and assistance in finding financing for qualified buyers.   

 

“There is a high demand for business brokerage services all throughout western Montana,” said Maslanik. “I look forward to meeting that demand by being a trusted partner to business owners and interested buyers in Helena, Butte and surrounding territories.”

 

Maslanik started his business career while attending the University of Wyoming when he founded a plumbing wholesale company in Laramie. He grew the company from one location with one employee to four locations and a staff of 20 spanning two states prior to selling the business. This transaction introduced him to the process involved in selling a business.  Since then he has helped a mining company divest its claims, negotiated the sale of telecom leases for a family holding company and analyzed the value of numerous publicly-held companies in his role as a principal of a registered investment management firm.

 

As he looks at today’s marketplace in Montana, Maslanik sees an increase in demand for business brokerage services. Low interest rates coupled with a growing pool of second or third career professionals, is generating more qualified buyers for businesses. Maslanik points to national statistics that show the number and value of business sales has been increasing, and projects that over half of Main Street business will change ownership over the next decade.

 

To learn more about the Helena-Butte Murphy Business office and its unique collection of business brokerage services, contact John Maslanik at j.maslanik@murphybusiness.com or visit http://johnmaslanik-murphy.com.

 

About Murphy Business & Financial Corporation LLC

 

Clearwater, Florida-based Murphy Business & Financial Corporation LLC is a full-service business brokerage firm facilitating business sales, purchases, consulting, valuations, mergers and acquisitions. Closing deals at a higher ratio than the business brokerage industry average, several accolades have been bestowed upon the company including Top 50 Franchisee Satisfaction Award-Winner 9 consecutive years according to Franchise Business Review.

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Murphy Business & Financial Corporation LLC Opens Helena-Butte Office

Franchise Harbor | November 2016 

 

BUTTE, Mont. – Murphy Business & Financial Corporation LLC, North America’s leading, full-service business brokerage firm with more than 180 offices in the United States and Canada, recently announced the opening of a new office in Butte servicing Lewis and Clark, and Silver Bow counties as well as eight surrounding counties in Montana. A full range of services and support are now available to local business owners seeking professional brokerage counsel.

 

John Maslanik, the new representative, has opened the Helena-Butte office to provide one of the country’s most comprehensive business brokerage services to the region. The new office will support entrepreneurs with professional services to aid in the sale of their businesses, including valuations and assistance in finding financing for qualified buyers.

 

“There is a high demand for business brokerage services all throughout western Montana,” said Maslanik. “I look forward to meeting that demand by being a trusted partner to business owners and interested buyers in Helena, Butte and surrounding territories.”

 

Maslanik started his business career while attending the University of Wyoming when he founded a plumbing wholesale company in Laramie. He grew the company from one location with one employee to four locations and a staff of 20 spanning two states prior to selling the business. This transaction introduced him to the process involved in selling a business. Since then he has helped a mining company divest its claims, negotiated the sale of telecom leases for a family holding company and analyzed the value of numerous publicly-held companies in his role as a principal of a registered investment management firm.

 

As he looks at today’s marketplace in Montana, Maslanik sees an increase in demand for business brokerage services. Low interest rates coupled with a growing pool of second or third career professionals, is generating more qualified buyers for businesses. Maslanik points to national statistics that show the number and value of business sales has been increasing, and projects that over half of Main Street business will change ownership over the next decade.

 

About Murphy Business & Financial Corporation LLC

 

Clearwater, Florida-based Murphy Business & Financial Corporation LLC is a full-service business brokerage firm facilitating business sales, purchases, consulting, valuations, mergers and acquisitions. Closing deals at a higher ratio than the business brokerage industry average, several accolades have been bestowed upon the company including Top 50 Franchisee Satisfaction Award-Winner 9 consecutive years according to Franchise Business Review.

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