Business Brokers New York City
Many business owners ask themselves if it is worth it to work with a business brokerage firm when buying or selling their business. According to the International Business Brokers Association (IBBA), COVID has changed the way businesses are bought and sold, and buyers’ concerns have shifted to a focus on corporate cultures that retain key talent. Seller confidence has been low in 2021, and firms are competing for quality opportunities. However, A Neumann & Associates, LLC remains optimistic for the rest of 2021 and the future.
A Neumann & Associates, LLC offers mergers & acquisition advisory, business brokerage, and professional financial services. The professional business advisors at A Neumann & Associates, LLC are ready to assist you in making the process of acquiring or selling a business a successful and profitable venture.
What is the role of a broker in deal making?
A business broker acts as an intermediary between buyers and sellers of businesses. A Neumann & Associates, LLC has been providing business brokerage advice to business owners for over 30 years.
Mergers and Acquisitions
One of the scariest business decisions a firm ever has to make is deciding whether to acquire a different one under its brand or come together with an equal. Business owners turn to A Neumann & Associates, LLC for expertise in providing business valuations when they have to ask themselves, is this a good decision? Is the relationship that will be forged with this other firm going to lead to sustained profits? The Harvard Business Review puts the failure rate of mergers and acquisitions between 70% and 90%, mostly due to mismatching and unwise strategies that don’t take several factors into consideration. When debating whether a merger or acquisition is right, you can’t just look at what each business does; you have to look at several factors. They include the firm’s operations, business model, whether or not the customer will benefit from the acquisition, and what type of technology will be needed or acquired.
We help businesses make critical decisions about mergers and acquisitions by performing expert business valuations so that they are able to have a clearer expectation when heading into negotiations. We help you identify how the merger or acquisition will improve the products or services you offer, lower costs, and boost overall performance. We ensure that you are crystal clear on the valuation process and our findings so you can be confident when you sell your business.
Do you need a license to be a business broker in New York?
There is no such thing as a business broker’s license, but many states will require a real estate license for the sale of real property. Some states even require registration with the state securities commission. However, New York is not one of these states. Although state licensing is not required, we have extremely high standards that our business brokers must meet.
How do I find a good business broker?
Even if a business broker meets the qualifications to assist in the mergers and acquisitions of a business, how can you know if a specific business broker is best for you and your sale? With so many business brokers willing to help you achieve your sales goals, knowing what to look for and what types of questions to ask can help you narrow down who is the best business broker to help you sell your business.
A Neumann & Associates, LLC has been helping businesses achieve profitable sales for the past 20 years. In that time, we have overcome many hurdles in the market for our clients, attracted high-quality buyers, and developed strategies for successfully negotiating and closing deals. We have a solid track record across multiple industries, including some Fortune 500 technology companies and music and publishing businesses. When we first meet with you, we get an idea of who you are, how long you’ve spent building your business, your sales objectives, and your unique needs that we must meet.
Who are the best business brokers?
If all else is even, how do you know who the best business broker to work with is? If you are looking at multiple with highly educated business brokers, then you will need to look beyond the résumé to see what strengths they bring to the table.
They Build Relationships
Strong relationships are the basis of a strong business broker firm and develop over time through consistency, reputation, and reliability. Developing trust with business owners over time helps to move deals forward in less time. At A Neumann & Associates, LLC, we have been networking in the community for over 30 years and have a large pool of contacts that we are able to share with our clients so they can find an appropriate buyer. We maintain contact with hundreds of investors and business owners in New York City every single day.
They Respect Confidentiality
Our success is also based on our ability to maintain client confidentiality through a sophisticated qualification process both on the buying and selling sides. We thoroughly review each business during the pre-valuation phase and professionally prepare them for investor reviews. All of our investors are prequalified after providing us with their investment objectives, financial statements and after completing a non-disclosure agreement.
They Know The Market
A business broker needs to know what business values are trending, how many buyers are competing for quality deals, and what sectors are growing. A Neumann & Associates, LLC closely monitors industries to know what’s happening and communicate it to business owners, who are usually too focused on running their business to conduct this in-depth market research themselves.
Your NYC Business Brokerage Firm
The business brokers at A Neumann & Associates, LLC keep their fingers on the pulse of the market and are ready and equipped to assist you in mergers and acquisitions in New York City. Call (732) 889-7404 or email us at firstname.lastname@example.org to set up your consultation with any of our veteran business brokers.
A Neumann & Associates, LLC