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Rainmaker
883,961
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Hire yourself a commercial broker to negotiate you a new lease at your current location with an out clause. There are a few ways to do this. Your buyer should also be able to approach the landlord to renegotiate, however it's better for you to do it first. Landlord may want to raise rents too high for someone new. That cuts into the buyers bottom-line.

You also need a business broker to help you determine the value of your business. They may be the same broker. But that's doubtful. Business brokerage is very specialized.

Also, you should know if you have a lease or have reverted to a MTM. Look at your lease.

A great location is going to be part of that value so figure out how to secure it for a buyer.

Jan 21, 2020 06:18 PM
Ambassador
4,180,771
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I would consult a business broker who specializes in real estate.

With the lease being month-to-month and in such a great location, aside from a well-established business, that would be icing on the cake to a buyer for your business.

Good luck and let us know how it goes!

Jan 21, 2020 08:55 PM
Ambassador
5,337,561
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I doubt that the value of your business is in your lease, or lack of a lease.

Revenue, database, agents are all determining values of your business along with a few other factors.

 

Jan 21, 2020 08:51 PM
Ambassador
3,031,733
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

In my market a broker has never been able to sell a "book of business" however several who owned or leased have sold their brokerage.  Do you have agents?  perhaps one of them would want to buy

Jan 21, 2020 08:13 PM
Rainer
52,247
Krista Jenkins, REALTOR®
klm Real Estate - Lubbock, TX
Residential sales and retail & office leasing

The valuation of your real estate business would be based on your financials and book of business not on a real estate lease. While the location might be great, it would more than likely have little to no bearing on the transaction. This is an old blog, but it offers a nice overview of the different methods employed in valuing a brokerage.

https://www.valuadder.com/blog/2008/10/29/business-valuation-real-estate-broker/

Jan 21, 2020 06:08 PM
Rainmaker
5,571,077
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Candice A. Donofrio gave you good direction..... hire a commercial broker....

you're established....  you have value and it's because of the people who work there.... an office is as good as those who work under your license.... it has value....

someone will buy it.... "blue sky" is what you're selling....

Jan 22, 2020 05:45 AM
Rainmaker
1,208,162
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

The only value your business has is your database, so if you’re willing to sell that to another agent as well as your endorsement of that agent to your database, you have that.  Otherwise unless you own the building and the little value to furniture and old electronics, you have nothing of value to sell.

Plan your exit and good luck with your new path, sounds exciting.

Jan 21, 2020 07:55 PM
Rainmaker
609,166
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

A business is only worth the income that it throws off...the listings in the pipeline that will be closing...

Eve

Jan 22, 2020 05:25 AM
Rainmaker
982,700
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I do believe you have received the information you need to make a decision 

Jan 21, 2020 09:06 PM
Ambassador
3,031,330
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Real estate lease and business value aside ... is that opportunity right for you?  Will you be happy?  What are the benefits of making a move?  Is the opportunity rock solid - will it last? I wish you all the best! 

Jan 22, 2020 08:51 AM
Rainmaker
3,316,496
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Your brokerage my have value and can be moved anywhere or absorbed into a nother office. Speak with a commercial broker who specializes in selling business, let them put a value on your business. Otherwise, you can meet with an owner of a local RE office and ask about them giving you a percentage for current and future deals. 

Jan 22, 2020 06:00 AM
Rainmaker
2,019,450
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Your best bet might be to take your whole group to Keller Williams. You’d get a big signing bonus and you would stack all of your Agents in your down line and receive income for the rest of your life 

Jan 22, 2020 05:35 AM
Ambassador
4,546,979
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

The value of your company is not the lease, or lasck of, but your database and potentally the location and focus on residential sales.. There are some good suggestions here for you. Good luck and let us know how it goes.

Jan 21, 2020 10:19 PM
Ambassador
2,569,474
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

What Candice said.

Jan 21, 2020 06:25 PM
Rainmaker
879,501
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

If you have to ask, 'Does my brokerage have value?" the answer is no.

You are clearly aware that information needed to give response is missing.

Are there agents?  Relationship to database? Quality of database? Revenue?

The most import of these that relate to value is relationship to database.  For example, if all in the database are your relatives...opps.

If however, the value is based on a USP you have created with the database, this is a transferable value.

Lastly, you have a moral obligation to protect any agents currently working with you. Allow them time and give them assistance in finding their new place. It is highly likely if you are a great broker, one of these agents will be the new business owner.

 

 

Jan 22, 2020 06:27 AM
Rainmaker
4,134,251
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If you have an opportunity in the same field why not take your office with you whether you are the registered broker or not?

Jan 22, 2020 06:22 AM
Rainmaker
507,453
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I would sell the business based on your database, the number of clients you have.  The buyer, another broker or agent, may not want to take the lease as they may have their own office already or they may want to work from home.  Obviously you can sell the business based on database and lease, but I would read your lease agreement again.  I think landlord will not allow the new tenant on a monthly lease.  I have seen an agent purchasing the broker's business, the database.  I just don't know how much she paid for it and how many clients she got from it. 

Jan 22, 2020 11:15 AM
Rainer
266,009
Ben DeHaven
Haven Realty & Investments - Winter Haven, FL
Proudly serving Winter Haven & Lakeland, Florida

Your office is only worth something if it can run without you being in it daily. If that is true, keep the office and go for the opportunity. If not close it down and move on. 

Jan 23, 2020 06:54 AM
Rainmaker
815,922
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Not sure what you're asking here... The value of your company is YOU and maybe your agents, that is what you bring in as income.  The lease is irrelevent here and  if its month to month, you are not stuck with it. 

Jan 22, 2020 11:45 AM
Ambassador
3,251,079
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Others have already spoke to the value/no value of the leased property.  Personally it would have to be a very good opportunity in order for me to move on with another related business.  And if this is for you, then I say go for it! Do let us know what you decide.  Pretty exciting to consider new opportunities and then - dive into the new pool!

Jan 22, 2020 10:19 AM
Rainmaker
1,146,615
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

You are a realtor so put your profession to practice.

Jan 22, 2020 09:08 AM
Rainmaker
1,707,417
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Hire a professional.

Jan 22, 2020 07:42 AM
Rainmaker
866,253
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

Beat of luck in your new venture.  I can imaging leaving real estate entirely 

Jan 22, 2020 04:19 AM
Rainmaker
6,513,934
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Close up and move on. You will need to take care of your debts including any lease obligations.

Jan 22, 2020 03:19 AM