CLEARWATER, Fla. – (April 16, 2010) – Murphy Business & Financial Corporation, one of North America's largest business brokerage firms, proudly announced the successful facilitation of a gasoline station (including a convenience store and car wash) in Broward County, Florida. Florida Southeast Region franchisee Edwin Peña was the transactional broker for the seller, whose entity is affiliated with an international oil company.
Peña, who manages the Murphy region that serves clients from Palm Beach to the Florida Keys, states, “This particular transaction was unique in many ways – which also made it somewhat complex.”
Although Peña has handled many closings in the past for gas stations and c-stores, this particular transaction involved a buyer who resides outside the United States. Peña, who is fluent in Spanish, was able to assist the South American buyer and his attorney through the purchasing process, including handling details that needed addressing before closing (such as establishing a corporate name and type of entity, then filing this information with the State of Florida).
The seller contacted Peña directly. The seller noted that he had often seen Peña’s name when searching on-line for additional gasoline stations for possible purchase. The seller knew the stations that Peña had represented were profitable and viable, and he wanted Peña to list his business when he was ready to sell, as he felt Peña truly understood his particular industry.
Peña, who was the third franchisee for Murphy (there are 134 currently), opened his office ten years ago in Boca Raton, Fla., and has enjoyed much success in the gas station, c-store and car wash industries. This latest sale proceeded very quickly: only 180 days on the market – even with waiting almost six weeks for the buyer to attend the next available school offered by the petroleum dealer. Peña credits much of the speed and efficiency of this transaction to a motivated buyer seeking to obtain his Treaty Investor (E-2) visa and a thorough due diligence process.
Murphy Business, headquartered in Clearwater, Fla., offers a variety of services to buyers and sellers of privately-held businesses, including qualifying buyers; handling franchise sales; selling independent businesses; and facilitating transactions with commercial property, as well as M&A, valuation and consultation services.
About Murphy Business & Financial Corporation:
Founded in Clearwater, Fla., in 1994 by Roger J. Murphy, Murphy Business & Financial Corporation (www.murphybusiness.com) quickly grew to become Florida’s largest business brokerage firm and is now one of North America's largest, with 134 franchised locations and thousands of completed transactions. Services include business sales, franchise sales, buyer searches, M&A, valuation, business consulting, commercial realty, and machinery and equipment appraisal and brokerage. Murphy offers franchise opportunities throughout the United States and Canada. As a member of the Business Brokers of Florida, the Institute of Business Appraisers, Society of Business Analysts, Certified Business Counselors and International Business Brokers Association, Murphy offers clients access to the largest business brokerage network in the world.
Murphy Business & Financial Corporation
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