Business Brokerage

Buy a Business

With a Master’s Degree in Business Administration (MBA) from the University of Miami, as well as many other educational management, investment, legal and project management courses under his belt, our principal is a position to assist business buyers with ensuring that our clients acquire the right business for them, not just any business.

 Trust what Abraham Lincoln said:

“He [she] who represents himself has a fool for a client.” 

Things to consider when buying a business:

• First and foremost, the listing agent of a business works for* the seller, not for the buyer.  This means that their fiduciary responsibility is to get the seller the best deal possible, regardless of who buys it.
• Consider hiring a broker to represent you* on the deal.  This could save you tens of thousands, if not hundreds of thousands of dollars, depending on the deal size and terms.
• Sellers will tell you it’s a “cash business.”  While accepting cash only can be legal, not reporting it as income and paying the corresponding taxes is not.
• What is the business really worth?
• Why should I pay for unreported cash? (better yet, why should I avoid it?)
• What is the demand for this type of business in the area?
• Who are the competitors in the area?
• Do I need any special licenses to own and operate certain businesses?
• Buying a business vs the assets
• May I assume/renegotiate the existing lease?
• Do I need to require a non-competition clause?
• Do I have the correct network to protect myself (broker, acquisitions attorney, valuations firm, cpa, engineers, inspectors, financing and other advisors)?
• What experience do I need? For example, if I buy a mechanic shop, do I need to be a mechanic? (the answer is no on this particular one).

Sell a Business

We assist sellers with properly pricing the value of their business so as to maximize the amount of money in their pockets upon the successful negotiation and closing of the transaction.