For buyers
Did you know that the First Choice Business Brokers offers the widest selection when it comes to special businesses that are on sale? These businesses are also exclusively associated with First Choice and are not listed with any other competing agencies or brokers.
These businesses range from about $ 20,000 to $ 130 million in value. Limited franchise start-ups for sale are also offered by First Choice. Examples are Cottman Transmission, Express Personnel Services, Fantastic Sams, Great Clips, Martinizing and Sears Services.
FCBB strives to give as much information as possible to the buyers without compromising confidentiality. This usually entails signing an agreement so that details such as business name, contacts and relevant financial details can be disclosed to the buyer on the condition of secrecy. The people at FCBB believe that an informed buyer is an asset to the business broker.
The buyer needs to give out information too, such as the business type of their interest, their budget, the expected profit from the business they want to acquire and also, who will be managing the business. Here too the First Choice agents can help. They can effectively match the needs of the buyer to a business. The buyer can pay a down payment of about 50% and expect the whole transaction to be completed within a few weeks.
On behalf of buyers listed with First Choice, the agents will negotiate with the seller, lease approval and write purchase offers to the seller. Sometimes, an agent will have to structure purchases so that both the parties come away feeling good about the deal. There is no hard and fast rule about how closely a business brokerage can work with a buyer, as long as the seller’s interests are not compromised. By overseeing the complete business deal, both the parties can ensure that the relevant paperwork is finished and their work is done.
For conscientious buyers, FCBB will even extend past customer reviews on request.
For sellers
FCBB understand that selling a business is a vital decision for anyone, one that’s not easy to make. There are many factors to consider, such as the economy, the pricing, the demand and so on. Not to be forgotten is all the hard work, time and money you have put into running the business. It’s only fair that a seller should go home with a happy heart after making the sale. Agents with First Choice will not only get the best possible price for what you put on sale-they’ll do it super efficiently!
When a seller wants to be assimilated into the network of First Choice brokers, the company background will be investigated through a Business Questionnaire. Based on the responses, FCBB will know whether the business is properly licensed and whether all information is accurate within the legal framework.
The next step for the agents is to carry out a market evaluation. This is essentially a comparison with other similar businesses on the market plus an analysis of the demand for that particular business. By performing this step, an agent can reassure the buyer that he is in fact getting a fair deal.
If you are looking for credentials, know that FCBB sells an impressive variety of businesses in both the US and Canada. They include motels, shopping malls, casinos, and many other commercial holdings of different size and scope.
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