New York City, the largest metropolitan area in the United States and home to over 22 million people in the greater area is also the largest commerce center. Based on Census, New York City is home to almost 2 million businesses. It is no surprise that business transactions are common and so is the importance of a New York City Business Broker.
Most business owners only experience one business transaction in their lifetime. Also, most business owner’s have not thought about an exit strategy for their business. Without a plan and without business transaction experience, there are huge mistakes that can be extremely costly and life altering that must be avoided. So what is the solution?
Proper representation by an experienced and reputable firm is the solution. If you are seeking a York City Business , then look no further than A Neumann and Associates. With over 25 years of Mergers and Acquisitions experience and involved in thousands of business valuations, they will assist you from before to often well after a business transaction.
It all starts with confidentiality. This is a critical component of the process to keep everything completely confidential. The next step is a certified business valuation by a third party. It must be a third party to be objective, a business valuation obtained by a party representing the buyer or seller creates a conflict of interest and the valuation may come in high or low. Buyers will not even take a seller serious unless they have a third party certified business valuation. It also justifies the asking price, helps the buyer secure financing and has many additional benefits.
Many business owners obtain business valuations years in advance, almost like a business scorecard or snapshot of their current standing in the industry and use the information to improve the value and salability of their business. Savvy business owners use the analysis of value drivers in the business valuation to significantly improve their standing in the industry. Value drivers impact not only the value, but salability of a business. Improvements on value drivers and minimizing negative value drivers instill comfort and confidence in business buyers that the business will sustain and even improve operations, profit and value going forward.
Most businesses without proper representation from an expert New York Business will not sell. And if they do, they are often leaving a lot of money on the table, agreeing to non-favorable terms, paying way too much in taxes, etc. A Neumann and Associates offers free confidential consultations to review your current standing, future plans and goals. Structuring the deal properly is critical to meeting goals and since business owner’s usually only sell one business, they can’t afford to make mistakes.
As a leading business broker firm in the New York City and tri-state area, A Neumann and associates has built it’s reputation on excellent customer service. Their testimonials from happy clients speak volumes about their expertise, professionalism and a New York City business brokers firm that you can trust.