King & King Business Advisors

It has been said many times over, “Be Careful What You Wish For.” There is a great deal of wisdom in that old adage however, I am glad I never gave up on one of my wishes. The wish I am referring to, I have always wanted to meet one of my heroes Mr. “Smokin” Joe Frazier – former World Heavyweight Boxing Champion and former Olympic Gold Medal winner. I was lucky enough this past weekend to have this wish come true. I was attending a benefit dinner in Maryland and was lucky enough to be seated at a table next to, you guessed it, one of my all-time heroes Mr. Smokin Joe Frazier. What a great evening it was and I am so glad I never let go of that wish because Mr. Frazier is one truly remarkable person with a fantastic personality and an unbelievable zest for life. We had a great time that evening and I will always cherish this picture of me with Mr. Frazier. I like hanging out with Champions…

The role of the business broker

Selling businesses is very different from selling residential or investment property. When selling a business confidentiality is almost always a significant and material issue. In almost all cases when a business is to be sold neither the employees, the competitors, the vendors, nor the landlord will know the business is for sale. This makes marketing a going concern business a much more difficult task and sets it apart from selling residential and investment properties. In order to market your business we must first prepare a “Confidential Business Review or Abstract” and then place the listing on several local, nationwide/worldwide business listing services. Buyers are required to submit a signed Confidentiality Agreement before any business specific information is exchanged. Your broker’s objective is to get your business sold to the best qualified buyer at the highest possible price as soon as possible. Your broker will manage every phase of the sales process to maximize our promotional efforts, represent your best interests, and to use his/her experience and best practices to make the transaction go smoothly.