About Us
What is a Business Broker?
A BUSINESS BROKER acts as the conduit between Buyers, Sellers and Financiers of businesses. A Business Broker sells businesses. Our Brokers assist our Buyer and Seller clients in the preparation of the documentation and the closing of the sale or purchase transaction.
Our Business Brokers:
- Source businesses to bring them to market for our clients
- List those businesses and develop due diligence information
- Price the business (Valuation)
- Market the business to our buyer clients
- Close the sale transaction of businesses to assist our clients.
WHAT ARE THE GENERAL RESPONSIBILITIES OF A BUSINESS BROKER?
THE BROKER:
Acts as a consultant to our Buyers and Sellers to prepare and guide our clients thru the purchase or sale transaction of their business.
- Identify and list businesses for sale.
- Secure a valuation of the business.
- Market business listings to identify buyers.
- Prepares and organizes documentation to assist in the sale and due-diligence process.
- Assist in the negotiation process.
- Refer all parties to necessary professionals to assist in the sales process.
- Consult with all parties up and until the day of closing.
WHAT IS THE IMPORTANCE OF CONFIDENTIALITY IN BUSINESS BROKERAGE?
As leading Business Brokers, we specialize in maintaining the highest standards of confidentiality. Every professional undertaking is handled with care and expertise. We believe that establishing professional relationships is an integral part of sound business practices. Whether selling a business or facilitating an acquisition, we maintain a confidential approach every step of the way.
That “Strictly Confidential” process prevents:
- Loss of clients or customers
- Loss of suppliers
- Loss of business through the acts of competitors
- Loss of employees
- Loss of credit line
Our professionalism ensures every aspect of a business’s transition is managed with expertise and care. With the correct timing and management of the listing of a business for sale, we will help you achieve every success.
WHY BUY WITH FIRST LANDMARK? SHOULD I BUY A BUSINESS OR DO A START UP?
The principles at First Landmark strongly believe in the philosophy of buying an existing business, building that business and subsequently selling that business at a large profit. The reasons are that an existing business acquisition is easier to finance, takes substantially less time to raise capital, has built in infrastructure and a built in income stream. The principles and staff of First Landmark, moreover, assist acquisition entrepreneurs to navigate the acquisition process.
Additional advantages include:
The buyer will typically receive the assets from the business such as inventory, furniture, fixtures and equipment. The seller will typically assist in the financing of the purchase by holding a purchase note in lieu of cash.
WHAT DOES FIRST LANDMARK
BUSINESS BROKERS OFFER YOU?
SECURITY
The advantages for buying a business is that the product or service of the business is already tested, customer base is in place, the brand is established and you will therefore reduce the start-up time and you will have have the owners assistance.
CONFIDENTIALITY
It is best for everyone if the news of you selling your business is revealed only after the closing. In that way, you control how and when the details are presented. Non-disclosure agreements are vitally important as are numerous other methodologies we incorporate in our sales process to ensure privacy.
FINANCING
Many lenders are more inclined to lend money for an existing business over a start-up. There is far less risk involved in providing financing to an existing business that has proven earnings. First Landmark can assist in securing financing. Additionally, a high percentage of around(75%) of business purchases are financed by the seller.