cpr, Author at South Florida Business Broker Russell Cohen

Business Broker Russell Cohen

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The Bookstore In The Grove is Closing. It Won’t Be The Last

Felice Dubin is tired. For the past decade she has stocked the kitchen, sold the books, swept the floors, paid the bills and kept the lights on at The Bookstore in the Grove. “We’re in business ten years, and now I’m gonna retire,” she exclaims, with a sigh of relief. Felice was born in Brooklyn but raised in Barranquilla, Colombia. She moved to Miami in her last year of high school. Before she owned the bookstore she manufactured children’s clothing and worked in real estate. “And then I went into this, because the community didn’t have a bookstore,” she says. Today you can get the latest trade paperback, an organic smoothie, and a darn good turkey sandwich, all under the same roof. Nobody bothers you if you stick around for a few hours to get some work done, either.   But as of June 18, there will be no more The Bookstore in the Grove. Unless Felice can find someone to buy her business and take over the lease, there will be no more readings or book signings, no more cafecitos or empanadas, no more lunchtime sandwich rushes, no more children safely hanging out for hours after school, diffidently waiting for their parents to get off work and pick them up. “It’s going to be sad to see it go… The community is devastated,” says employee Samantha Souvigny. Samantha’s only been working at the bookstore since the start of the year, but she already greets each customer by name and asks if they’ll have the usual. She and the other 19 employees won’t be out of a job come...

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The Chairman’s Circle Award for 2015

The Chairman’s Circle Award for 2015

THE INTERNATIONAL BUSINESS BROKERS ASSOCIATION PRESENTS RUSSELL COHEN OF DAVIE, FL WITH THE CHAIRMAN’S CIRCLE AWARD FOR 2015 NOVEMBER 17, 2016, INDEPENDENCE, OHIO – The International Business Brokers Association (IBBA) presented Russell Cohen of Davie, FL with the Chairman’s Circle Award at its 2016 Fall Conference in Tempe, Arizona during the Member Excellence Awards ceremony on November 12, 2016.  Awards were bestowed upon IBBA members who achieved various levels of transaction volume and value in calendar year 2015. “Member Excellence Award winners represent some of the best in the business brokering profession, and we are pleased to recognize the accomplishments of these individuals,” stated Scott Bushkie, 2016 Chair of the IBBA.  “We applaud Russell on this well-deserved achievement, and are proud to have him as an IBBA member.” The Chairman’s Circle Award was given to individuals who closed one or more business sales (excluding real estate) totaling to $3 million and above in total purchase price during the 2015 calendar year.  Winners were given a signature graphic to use, a certificate of achievement and a Chairman’s Circle commemorative lapel pin. “We encourage those seeking to sell or buy a business to carefully select their transaction advisors,” stated Kylene Golubski, Executive Director for the IBBA.  “This award distinguishes Russell as a true professional who knows how to get deals done.” Russell is with the Murphy Business & Financial Corp. brokerage firm located in Davie, FL and can be reached at (954) 646-7651 or rcohen@murphybusiness.com. The 2016 Member Excellence Award winners will be announced at the 2017 IBBA Annual Conference in Dallas, Texas on May 5th – 8th, to recognize IBBA...
The Deal Maker Award for 2015

The Deal Maker Award for 2015

THE INTERNATIONAL BUSINESS BROKERS ASSOCIATION PRESENTS RUSSELL COHEN OF DAVIE, FL WITH THE DEAL MAKER AWARD FOR 2015 NOVEMBER 17, 2016, INDEPENDENCE, OHIO – The International Business Brokers Association (IBBA) presented Russell Cohen of Davie, FL with the Deal Maker Award at its 2016 Fall Conference in Tempe, Arizona during the Member Excellence Awards ceremony on November 12, 2016.  Awards were bestowed upon IBBA members who achieved various levels of transaction volume and value in calendar year 2015. “Member Excellence Award winners represent some of the best in the business brokering profession, and we are pleased to recognize the accomplishments of these individuals,” stated Scott Bushkie, 2016 Chair of the IBBA.  “We applaud Russell on this well-deserved achievement, and are proud to have him as an IBBA member.” The Deal Maker Award was given to individuals who sold at least 10 businesses during the 2015 calendar year.  Winners were given a signature graphic to use and a commemorative wall plaque. “We encourage those seeking to sell or buy a business to carefully select their transaction advisors,” stated Kylene Golubski, Executive Director for the IBBA.  “This award distinguishes Russell as a true professional who knows how to get deals done.” Russell is with the Murphy Business & Financial Corp. brokerage firm located in Davie, FL and can be reached at (954) 646-7651 or rcohen@murphybusiness.com. The 2016 Member Excellence Award winners will be announced at the 2017 IBBA Annual Conference in Dallas, Texas on May 5th – 8th, to recognize IBBA members’ accomplishments in calendar-year 2016. ABOUT THE INTERNATIONAL BUSINESS BROKERS ASSOCIATION The International Business Brokers Association (IBBA) is the largest...

Selling an Insurance Company in South Florida

Insurance companies are in demand for buyers who qualify to purchase them. According to top-ranked Business Broker, Russell Cohen, Insurance companies look for other insurance companies to acquire, especially those who match the client base of their existing policy holders. I interviewed Business Broker, Russell Cohen, Murphy Business Franchise Owner and Florida licensed business broker about his latest sales transaction which was for the sale of an insurance company called Florida First Insurance in the South Florida city of Pembroke Pines. My first interview question: ” What is it like selling an insurance company and what makes purchasing this type of business unique?” Russell explained, “Not just anyone can become the owner of an insurance company. The purchaser of an insurance company must have what is known as a 220 Insurance License.” During our interview it was clear that this sales transaction was an acquisition buy from the owners of an existing insurance company called Finney Insurance. When a company buys another insurance company what they are really buying is the “book of business” of the commissions to be earned by the renewal of the policies by the existing policy holders. In addition, the new buyer can market to these customers for the opportunity to sell more insurance products and to grow the commission they will earn from the policies sold. In this purchase, the buyer figured out how to earn these additional commissions from the book of business while at the same time reducing expenses and overhead by closing the doors of Florida First Insurance Company offices in Pembroke Pines. The previous owner will continue to work for...
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M & A Source • International Business Brokers Association (IBBA) • Business Brokers of Florida • FICPA • Better Business Bureau *Boca Raton Chamber of Commerce * Davie/Cooper City Chamber of Commerce * Society of Commercial Realtors* Independent Insurance Agents of Broward County* Network Professionals - South Florida Networking Group* 6 Degrees of Golf