More Successful Transaction By VR Business Brokers

SUCCESSFUL BUSINESS TRANSACTIONS

Ground-Route Transportation Business

VR Business Sales of New Haven, Connecticut, a leader in the sale of privately-held companies, recently facilitated the strategic sale of a ground-route transportation business for $628,000.

The transaction, which closed last month, was handled by William Hall, a business intermediary specialist.

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Eco-Friendly Dry-Cleaning Plant

VR Business Sales of Greensboro, North Carolina, a leader in the sale of privately-held companies, recently facilitated the strategic sale of an eco-friendly dry-cleaning plant for $192,500.

The transaction, which closed last month, was handled by Ben Haines, a business intermediary specialist.

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NEW BUSINESS ENGAGEMENTS

Two Independent Compounding Pharmacies

VR Mergers & Acquisitions, located in West Palm Beach, Florida, announced it has been engaged by an owner of two independent compounding pharmacies to assist in facilitating the sale of their businesses.

These two full service pharmacies do both retail of over-the-counter and prescription medication as well as medical equipment such as wheel chairs, hospital beds and CPM machines. Go to the VR Web Site for further details.

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Pizzeria and Sports Bar

VR Business Brokers, located in Bensalem, Pennsylvania, the leading business intermediary firm in the area, has recently been engaged to assist in facilitating the strategic sale of a pizzeria and sports bar in Philadelphia.

This business is located in a busy neighborhood where the locals like to come for a good time. Great opportunity to enjoy the success of this restaurant. All inventory and equipment, as well as liquor license, come with the sale. Click here for more details.

ADDITIONAL ENGAGEMENTS

Superior Printing Company, FL: $1,225,000
Auto Salvage Yard, KS: $409,000
Liquor Store, CA: $235,000
Full-Service Day Spa, SC: $170,000
Upscale Print Shop, ON: $120,000

VR is celebrating over 30 years as the world’s only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.

VR has sold more businesses in the world than anyone®.

VR Business Franchise locations are available throughout U.S., Canada, and Europe.

Now is a Great Time to Become Part of VR Franchise Opportunity.

View our VR Presentation Videos & PDFs  for more information on becoming part of the successful network of VR Business Sales offices,

or call our Director of Franchise Development at 800-377-8722  or 954-565-1555

 

VR in Dallas Texas Facilitates $4.4 Million Sale of Commercial Debt Collection Company

VR in Dallas, Texas franchisee Jon Peters recently facilitated the sale of a commercial debt collection company for $4.4 million.
This was a tremendous deal, considering the challenges that arose with the business where revenues and net income had been declining consistently for the past four years.

“When we first listed this business, the numbers looked somewhat decent with $1,787,000 EBITDA on $4.4 million in revenue,” said Jon. “These numbers were down from the previous two years from $5.4 million in revenue and $2.1 million in EBITDA.”

According to Jon, the owners had felt they had reached the bottom and now were on the rebound to make this business sellable.

“We began marketing and found a very unique buyer that was willing to pay $4 million down and a $1.4 million carry for 5 years,” said Jon. “This was a great deal for the sellers. The buyers had located funding that was based on the business’ ability to create new jobs; therefore, receiving the loan based on this scenario.”

The parties were in the process of negotiating the last items on the purchase agreement when the bottom fell out.

“We received the updated financials for 2010 that had the business pacing at only $3.6 million in revenues and about $1.1 million in EBITDA, down by almost $700,000 in net income,” said Jon. “This immediately stopped the sale and created an almost impossible new challenge for us in selling this business.”

With the original buyers dropping out of the sale, Jon started marketing the business at a new asking price, based on the current numbers. They were able to find an Angel Fund Investor who was looking for a company with a call center that could be grown overseas, and saw this as a perfect fit. After two months of what Jon calls, “late-night phone calls with attorneys on both sides and multiple face-to-face meetings,” they closed on a $4.4 million deal for the seller with $3 million at the time of closing and a five-year payout on the balance in a consulting agreement.

It was a great transaction for the VR Dallas office, where they were able to overcome the challenges that the business faced with the declining numbers. Upon reviewing this deal and others that they have done, Jon says, “I am convinced that almost every business is sellable if you can find that right buyer.”

The VR team in Dallas, Texas has been successful since opening the location. They recognizes the financial and professional goals that can be accomplished as a VR Business Broker office facilitating the sale of small, mid-sized businesses with mid-market transactions.

See the video below where VR Dallas talks about the experience of owning a VR Franchise:


For more information about owning your own successful VR Franchise please contact VR Headquarters at  (800) 377-872.

For a quick review of the VR Franchise please see the VR Franchise Webinar slideshow presentation 

 

Owner of VR Business Office in Hawaii Comments on State of Economy

VR in Hawaii has seen a dramatic increase in the number of business listings due to the growing confidence in the marketplace. As a result, VR Owner in Hawaii, Matthew DiGeronimo has hired more staff to handle all the new clients at his office he says according to a recent article in the Hawaii Business Magazine.

“In May last year, we had five clients. In April 2011, we had 75 clients,” said DiGeronimo in the article, where he added that 81 percent of the local establishments for sale are represented by his VR location. Among those the clients that came in that month, 15 were buyers.

Having seen the potential that VR has to offer, DiGeronimo became the owner of the three franchise locations in Hawaii in helping entrepreneurs through the process of buying and selling of businesses.

“We had zero buyers a year ago,” DiGeronimo says. “We’ve had to hire three more people to serve clients who are not only looking to buy a business, but sell a business, because they are approaching retirement age, or moving back to the Mainland to care for elderly parents, as well as to just be closer to adult children.”

Hints of falling prices and other trends have added to the confidence in the business sales market in Hawaii. On BizBuySell, for example, the number of businesses listed for sale in the state skyrocketed from 2 in the first quarter of 2010 to 108 in the first quarter of this year.

VR has office locations available in many locations. To see a full list of available VR Franchise locations, please visit the VR Global Headquarters website

For more information about the VR Business Franchise Opportunity please call Toll-Free: 800-377-8722  or 954-565-1555

Successful Transactions by VR Business Brokers Intermediaries

SUCCESSFUL TRANSACTIONS

Hardware Brand Importer Company

VR Business Sales of Artesia, California, a leader in the sale of privately-held companies, recently facilitated the strategic sale of a hardware brand importer company for $1.19 Million.

The transaction, which closed this month, was handled by William Park, a business intermediary specialist.

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Technical Services Temp Agency

VR Business Sales of New Haven, Connecticut, a leader in the sale of privately-held companies, recently facilitated the strategic sale of a technical services temp agency for $250,000.

The transaction, which closed this month, was handled by William D. Hall, a business intermediary specialist.

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NEW ENGAGEMENTS

Precision Tool Manufacturer

VR Mergers & Acquisitions located in Charlotte, North Carolina, announced it has been engaged by a precision tool manufacturer to assist in facilitating the sale of their business.

Founded in the 1980’s, this is a high precision manufacturer with state of the art machining and tool making capabilities. They offer complete machining of nearly every kind of industrial tool including stamping and forming dies, plastic injection and die cast molds, forging dies and extrusion dies. Go to the VR Web Site for further details.

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Flooring and Carpet Business

VR Business Brokers, located in Edmonton, Alberta, the leading business intermediary firm in the area, has recently been engaged to assist in facilitating the strategic sale of a flooring and carpet business.

This company has been established for 36 years as a premier retail flooring business serving Fort Saskatchewan and surrounding areas. This business has several excellent contractual relationships including builders, property management companies and corporate businesses. Click here for more details.

ADDITIONAL ENGAGEMENTS

VR is celebrating over 30 years as the world’s only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.

VR has sold more businesses in the world than anyone®.

Now is a Great Time to Become Part of VR!
VR Artesia NO 1 2009With baby boomers selling their businesses to retire, corporate executives frustrated with their jobs and managers looking to buy a business to replace their corporate position, NOW is a great time to become part of VR!

VR Office

Artesia, California

 

For more information on how you can become part of the successful VR Business Sales Franchise group contact us online or Call Director of Franchise Development, Toll-Free: 800-377-8722  or 954-565-1555

VR Global Headquarters

One East Broward Boulevard

Suite 1500

Fort Lauderdale, FL 33301

http://www.vrbb.com


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Understanding How To Find and Buy The Right Business

Understanding Your Strengths and Weaknesses before Buying a Business

by Peter King, CEO of VR Business Sales

When you’re coming close to buying a business, you will want to investigate and research every objective you have. You will want to see what the alternatives to achieve these goals are……Click here to read full article
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Finding the Right Business for You

by JoAnn Lombardi, Pres. of VR Business Sales

Before delving too deeply into the technicalities of due diligence when buying a business, remember the following point: Always focus on finding the right business before concerning yourself with the right price. Don’t base your search solely on finding a good deal or a steal….. Click here to read full article
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About VR Business Sales

VR Business Sales is the world’s premier business intermediary firm. With a combination of global strength and local experience, VR’s 30 years of successful business sales through Valued Representation, is the reason more and more business buyers and sellers demand our proven skills and resources to help them succeed in an increasingly complex market.

VR offers the best opportunity for owning a successful Business Sales Brokerage.

Contact our Director of Franchise Development at 800-377-8722 for more details about owning your own VR Business Sales Franchise Office.

How To Become a VR Business Broker – Brokerage Franchise Opportunity

VR offers the best training and support toward opening and succeeding with your own business brokerage office.

Upon joining VR you will be trained on how to…

  • Build an inventory of best quality businesses to sell
  • How to  establish the correct value and price for a business
  • How to structure business transactions to best maximize value
  • How to prepare  a VR Business Profile
  • Best methods to launch a marketing campaign for your new VR office
  • Learn to educate buyers and sellers on how the transaction process works
  • Work and structure financial statements for privately-held companies
  • How to help with negotiations to achieve a successful transaction
  • How to prepare all the necessary documentation
  • Provide a successful due diligence process

And of course… how to successfully close business sales transactions!

To find out specific answers about how you can best fit into the VR Team you can speak with our Franchise Development Team to learn more about VR and how we can help you succeed in the business brokerage industry.

You can also complete the Confidential Personal Profile (online franchise application) to speed up the process.

Contact our Director of Franchise Development for a personal interview to answer all your questions:

Toll-Free: 800-377-8722  or 954-565-1555

VR Business Franchise Opportunity Details

Get more details about the VR Franchise Opportunity from the following links:

Please visit the section on the main VR website about the VR Business Franchise Opportunity

VR Business Franchise Opportunity, which includes more information toward taking the next step in becoming more familiar with VR.

VR Franchise Industry Overview provides information about statistics and demographics about the franchise industry.

The VR Franchise Purchase Timeline describes the steps from initial information gathering, to site selection, to training, to succesfully opening your own VR franchise office.

Initial Training for the new VR Franchise Owner shows you the detailed part of the extensive training for new VR Franchise Owners.

MBI Academy and Recruiting provides the most extensive training program in the world for our full-time professional intermediaries.

The VR Difference find out what sets VR apart from all other business brokerage companies..

VR Franchise Information Request to receive our VR Introductory Information.

Confidential Request for Consideration in the VR Franchise once you’re ready to take the next step toward owning a VR Franchise.

Notice Regarding Franchise Offers Or Sales Disclosure Statement

For more information on how you can become part of the successful VR Business Sales Franchise group call our Director of Franchise Development at Toll-Free: 800-377-8722  or 954-565-1555