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Very simply put, Florida Business Acquisitions is different from most every other business brokerage firm. In fact, we do not consider ourselves “business brokers” since “brokerage” is a very small part of what we do, while for most other firms it is the majority of what they do. Our core philosophy is that we will not sell a business that we would not personally buy ourselves under the terms offered to prospective buyers. Our focus is on selling quality, profitable businesses with low personal goodwill and stable revenues. We initially approach each seller from the perspective of a very adept buyer. Before accepting a listing, we will spend hours studying the business, its tax returns and financial statements. We take the time examine the business in order to first determine if we would like to list the company for sale, and secondly to educate the Seller in order to recommend a reasonable asking price and terms. Our reputation is too important to over-sell a company or sell a business that will self-destruct when the seller departs. We pride ourselves on looking out for best interest of both seller and buyer; we do not represent either in a single-agency capacity. Our function is a third party, independent transaction broker. Another very important distinction that sets us apart from most business brokers is how we define our role as a transaction broker. Most brokers will hide behind the “transaction broker” clause in their contract, which relieves them of most of the responsibility. It is up to the buyer to “figure it out.” Sadly, since most buyers are not experienced in this area, they will most likely ask the wrong questions, not review the proper financials and business characteristics, and not engage a qualified CPA and attorney to assist in due diligence and legal review of contracts; they may over pay for the business, or worst of all, lose their entire investment. That is, assuming the transaction ever takes place. We encourage all Buyers to enlist the services of a CPA and attorney because we are very confident that if we took the listing, they should not have any problems advising their clients to proceed with the transaction. |
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