I would certainly recommend VR and would use them again if I had the need. They kept their promises, worked hard and sold my business to a buyer from across the country. Choosing VR was one of the best decisions I ever made with my business.
Mohan and Troy at VR were great to work with. The entire process was great. They really know their business.
Troy - thank you for all your hard work with eSupplyStore. I know we found the right buyer at the right price. I don't see how the process could have gone any smoother.
VR did an excellent job of selling my franchise. This is actually the second time that I have used their services and I have been impressed both times.
I owned the Health Gazette for over 30 years and it was important for me to find the right buyer. VR gave us a fair market value for the business and sold it for exactly that amount. I could not have been more pleased.
VR really took the time to understand my needs. I think their expertise was a big reason the transaction happened.
VR stood out from the competition. They were the best fit when it came to selling my business.
I was extremely impressed with VR. They approached the sale of my business with a very professional system. I knew my business wasn't large, but I still got a high level of service. I would certainly recommend VR to anyone thinking about selling their business.
I hired VR to sell me construction company. They worked hard through the whole process and found the right buyer. They did a great job and I would use them again.
I wanted to send a note and thank you for all your hard work. This has been a great experience and I really enjoyed working with VR.
Pure Air Systems
I tried other brokers in town and they just put some ad in the newspapaer and it didn't result in much.
VR did a very good job for us. They set the price for my business, found the buyer, and worked through all the details.
Commercial Business Systems
I first used another brokerage company to try and sell my business, but it did not work. VR was totally different, very professional and they sold my business for almost full asking price.
VR exceeded my expectations in selling my online business. I got the full asking price of the business. We got several offers within the first couple of weeks. The entire process took less than 6 weeks from start to finish.
Business Sales FAQs
Do you charge any Money upfront to list my company?
NO, Often so called successful M&A and Business brokerage firms charge upfront "marketing" or "Packaging fees". We have heard every type of "reason" to charge you a fee to list your company. The bottom-line is if this company can not afford to pay for the marketing of your company then it shows that they are not successfully selling companies therefore receiving success fees.
How do I sell while maintaining Confidentiality?
The first contact VR M&A makes with the potential buyers for your business is via a blind or anonymous profile of your company. Your location is described in general terms as are the details of your company. Key financials are presented as well as a description of your products and services, along with a short list of growth opportunities. Your company is not identified in the blind profile.
How should I evaluate a business brokerage and M&A firm?
It's critical to closely scrutinize the business brokerage and M&A professionals before engaging them to sell your most valuable asset.
The answers you receive to the following questions are particularly revealing about the quality and integrity of the firm you are considering:
Do you have a successful track record? VR has Sold more businesses in North America than Anyone. Just over 100,000 to date.
Can you supply me with references from former clients who can tell me about your firm? VR provides video references on our website.
Can I engage your firm to sell my company without having a valuation done first? Yes, VR will give you an idea of value before we take on your project to make sure your expectations are realistic. Simply complete our strictly confidential Free Opinion of Value form and we will contact you within one day to discuss value.
How long does it typically take to sell?
In most cases, a competent mergers and acquisitions firm should be able to sell your company successfully in 6 – 9 months.
Do I also sell the property the company occupies, or would I lease the land and/or buildings to the buyer?
Either way is possible. You may receive offers for just the business with rental income to you, as well as offers to purchase the business along with the real estate. You can choose whichever option you prefer.
What are the most common reasons that a business sell deal doesn't close?
The main reason a transaction is not completed is decreasing or weakening financial performance. If the financial performance of a seller is off materially from the original forecast, the business loses value. Therefore, our emphasis is for sellers to stay on top of their business and to continue to actively grow it as if they'll continue to own it for another couple of years.
The number second reason deals fall apart is surprises popping up in due diligence. We work with both parties to ensure all relevant business issues are disclosed up-front. Surprises lead to lack of trust, and lack of trust kills deals. Please keep in mind that most every issue can be overcome provided that there is full disclosure upfront.
Will I be expected to offer any type of financing for the business?
You should expect to finance a portion of the transaction. Lenders in today’s market are increasingly requiring seller participation. Seller financing also shows the buyer you have confidence in the future performance of the business.
How long will I have to train the buyer?
The answer largely depends on the type of business you have and the skills of the buyer. Training could be as short as two weeks for a simple business or a year for a very complex business.
When should I tell my employees about the sale?
Our experience has shown that it is best to wait until the sale is completed to tell your employees. However, if there is a key employee or two, the buyer might require speaking to them prior to the sale.