Synergy Business Brokers has been established since 2002 and have built up a database of more than 25,000 active potential buyers. Synergy Business Brokers are specialized in selling businesses located in New York, Connecticut, New Jersey, Massachusetts, Pennsylvania, Maryland, New Hampshire, and Rhode Island with annual revenues between $700,000 and $40Million and a verifiable owner’s annual netome (including Profit, owner’s salary, and benefits) of between $200,000 and $4Million.
This business broker in New York City focuses on companies with an asking Price of $100,000 – 5,000,000 focused in the New York Metropolitan area. A few of the industries they rePresentlude Ambulance Services, B2B Wholesale, Baby Products, and many more. Morgan & Westfield rePresent buyers and sellers and have been around since 2009 offer a free 30 minute consultation.
The NYBB Group, formerly New York Business Brokerage founded in 2003 serves individuals and businesses from NYC metro area. They specialize in confidential sale, acquisition and valuation of small to mid-sized Privately held businesses. Their serviceslude determining business’s value, creating a comPrehensive marketing plan to attract qualified buyers, and negotiating on client’s behalf to maximize the Price and terms of transaction.
Vested Business Brokers, founded by Nathan Goldstein in 2000 is the largest Privately held brokerage firm in the United States of America. the Vested database contains over 280,00 Pre-qualified, registered business buyers and the complete financial details of over 3,600 Privately held businesses for sale and is fully searchable through Vested’s unique electronic platform.
Inbar Group is a New York-based business brokerage serving clients in New York, New Jersey and Connecticut. The company Provides business sales and acquisition servicesluding spin-offs, joint-ventures, restructuring, merger and acquisitions (M&A) and overcapitalization. They Provide valuation opinions, facilitate Private placements and they help design and implement business strategies for Private companies.
The Kensington Company was founded by Ken Stein in 1997. The Kensington Company is a leading merger and acquisitions firm that delivers Professionalism, integrity and extensive market experience to every transaction. There are 4 divisions to the Kensington Company and those are – Kensington Franchise Sales, Kensington Franchisor Development Corp, Kensington Business Valuations division and merger and acquisitions.
Established in 1979, Transworld Business Advisors focus on three core concepts: business brokerage, franchise consulting and franchise development. Transworld has specialized in the marketing, sale of businesses, franchises and commercial real estate and is a global network of brokers offering a solution for those that want to build a solid business.
East Coast Business Brokers was founded in 2001 by Business Broker Henry Galasso. They operate in New York, Long Island, New Jersey, Connecticut and tri-state area offering high quality business listings in retail such as deli’s, bagel stores, pizza shops, restaurants, bars, nightclubs, car washes, franchises, wholesale distribution companies. Some of their serviceslude Competitive market analysis, Pricing / valuation and Facilitate discussions/negotiations.
Excelsior Business Group, established in 1981, is a full service business brokerage firm serving mid-market enterPrises. They offer individuals and Private companies the valuation and selling of their businesses, while assisting individual, corporate and Private equity group buyers in their search for the right business to invest in.
Gottesman Company was established in 1985 by Eugene Gottesman offering services of business merging and acquisition globally, Providing middle-market companies acquirers with first class opportunities. With many years of experience they specialize in arranging seller and buyer transactions with manufacturers, distributors, service firms, and retail chains. We are a “nationwide firm with a local Presence.
Lisiten associates business brokers, located in New York, offer selling of businesses, companies and corporations that have up to $ 100 million in salesluding service companies, hotels, theaters, wholesalers, manufacturers, internet marketing, importers, Production, marketing, distribution and technology companies as well as restaurants, clubs and retailers of all descriptions.
Sunbelt business brokers, founded by Ed Pendarvis in 1978 offer selling, buying and evaluation of both the Main Street, valued at less than $1m and Middle Market businesses valued above $1m. They operate in US as well as internationally in countriesluding Argentina, Australia, BrAZil, Canada, Malaysia, Mexico, Norway, Philippines, Singapore. Thailand and Turkey.
R.F. Lafferty & Co. is a family firm founded by Ralph F. Lafferty in 1946. They Provide numerous services in Wealth managementluding equities, ETFs (Exchange Traded Funds), Individual Retirement Plans, Corporate Retirement Plans, Life, Disability, and Long-Term Care Insurance, investment solutions fundamental institutional healthcare and technology investors.
1BusinessWorld, based in New York, is a global business ecosystem and platform for entrePreneurs and high-growth companies from around the world. They offer servicesluding Providing entrePreneurs information and guidance for strategic business growth and innovation based on data, selling businesses, mergers and acquisitions, IPO and ICO, news insights and trends.
Car Wash Advisory, founded in 2019 and based in New York is a Privately held Industry leading car wash advisory and brokerage. To their clients they offer services like wash locating, diligence, negotiations, financing, valuation analysis, marketing campaign, buyer vetting, negotiations and closing.
Moxie Brokerage Group is a Privately owned company, that specializes in, real-estate sales, business sales, management, valuation, staging, consulting and Property management services for individuals, corporations and institutional clients. They Provide complete brokerage servicesluding buyer and seller rePresentation for all types of commercial real estate Propertiesluding retail, medical, office, land and industrial Properties
Lighthouse Business Brokers is a licensed business broker with offices in Chicago, New York, Boston, Columbus, Dallas, Philadelphia and more. Services they offer to their clientslude free business valuation, business selling and business acquisition.
Brooklyn Business Brokers, founded in 1987, is a brokerage firm located in Brooklyn operating in New York, New Jersey, Connecticut and other East Coast areas. Services they are offering are valuation, selling and acquisition of business. They specialize in listing and selling businessesluding gas stations, car washes, stores, laundromats, dry cleaners, manufacturing and wholesale.
The majority of buyers always want to know what the business’s asking price is. If the price is too high then it is unlikely the business will sell and should it be too low, then the seller did not receive sufficient remuneration for the business. That being said, it isn’t all businesses that come with an asking price. In certain markets, the lack of an asking price can begin a bidding war. Nevertheless, buyers are always aware of the market value before engaging in their bidding war.
Perhaps the most efficient way to ensure that the sale of your business is kept confidential is to enlist the services of a business brokerage which acts as a third party. Prospective buyers are screened by the business broker and they could sign a confidentiality agreement before they are told which business is up for sale.
Using a business broker helps you get the very best price for your business
The sale of your business is completely confidential
Using a business broker can ensure you keep concentrating on running your business
Business brokers are more adept at finding prospective buyers and successfully marketing your business to them
The sale of a business is not always as straightforward as most people believe. Enlisting the services of a business broker can help you handle the paperwork and the details.
The chances of you actually selling your business dramatically improve when you enlist the services of a business broker.
The short answer is yes, you do need a business broker to buy a business. This is for a host of reasons, for one, you gain protection from legal issues when you use a business broker to purchase a business. Additionally, should you have very strict requests on the type of business you want to purchase, a business broker can scour their network to find such a business for you, freeing you from doing tedious work like that.
A good business broker should be the following:
Given that the business broker will be dealing with quite a lot of confidential information, it makes perfect sense that the one you go with does not reveal any of this information to unauthorised persons. Additionally, it is also important that the conflict of interest between buyer and seller is handled in a prudent manner. This can be done by not revealing what the seller’s bottom line is to potential buyers.
It is the duty of a business broker to locate the right business or the right buyer that matches their client’s criteria. A well-connected broker is able to find numerous opportunities from a large pool. It is important to search for brokers that are part of local networking groups, broker associations, chamber of commerce, and more.
A great broker particularly one selling has to be a great marketer, given that they have to be able to market and sell a business to prospective buyers. Being market savvy means being able to have an online presence and actively brand participating in viable social media platforms. They should also be able to develop great marketing materials which can then be presented to potential buyers.
Given that a business broker by design wears numerous hats and simultaneously works on various projects, it is important that the one you select is extremely organised. They have to be able to maintain a record of appointments and information ensuring that there is no disappointment when important tasks are handled.
Basic financial and legal knowledge
While you do not expect a business broker to usurp the responsibilities of a financial analyst or a lawyer, they should have at least a basic understanding of financial and legal issues. selling and buying businesses involves being able to understand and address the key issues in these fields. As a minimum, a good business broker has access to individuals with good financial and legal knowledge within their networking cycle.
A business broker typically gets paid by earning commissions from completed sales which they facilitate. Apart from that commission they earn, they are also able to work for a retainer’s fee or have an hourly rate. This tends to depend on the brokerage and contract between the client and the broker. The payment could either be a lump sum or installments.
An exclusive agreement means that you only work with a certain business brokerage for a short amount of time, while a nonexclusive agreement means that there is room for competition which could be seen as a motivating tool for the business brokerage. The agreement you choose simply depends on how quickly you are looking to sell your business.
A business broker can be defined as a trained professional enlisted by people looking to buy or sell businesses. A business broker might have a licence to broker; however, this depends on the jurisdiction they practice and operate in. Business brokers are in the business of estimating the value of a business, advertising it, and also conducting interviews with prospective buyers.