Buying or Selling a Business with Mel Vaz

Congrats to both buyers and seller on this Sewer & Drain Business Est. 1978. A great deal with continued upside. If you have a similar business, I have many well-qualified buyers seeking to purchase. Call, text or email Mel Vaz today for a free valuation. 631 767 0157 or melvaz@vestedbb.com #closing #seweranddrain #cesspool #plumbing #melvaz #sellyourbusiness #selling #buying #buyabusiness  

  Seller financing, a financing arrangement where the seller of a business provides financing to the buyer, is a common strategy in business sales transactions. This arrangement offers advantages for both parties involved but also comes with potential risks and drawbacks. In this article, we will delve into the advantages and disadvantages of seller financing in the sale of a business.   Advantages of Seller Financing:   Expanded Buyer Pool: Seller financing can attract a broader pool of potential buyers, including those who may face challenges securing traditional financing from banks or lending institutions. This can increase the likelihood of finding a suitable buyer for the business. When selling a business for $500K vs. $500K with $250K down, there are more buyers out there with $250K, than $500K. Additionally, every buyer would like to leverage their capital.  Even if they have $500K liquid, they would prefer to buy a business with $250K down and keep the other...

Congratulations to Bob, David, Jason, Max and Michael on a successful closing! David, Jason, Max and Michael, we wish you many years of success. It was a pleasure working with all of you. Bob, I know the sale was bittersweet, but now you can move on to retirement. I truly appreciate the opportunity. This deal also could not have been completed without the hard work of my dear friend and teammate, Joe Stansky, Esq. The offer was accepted on April 30th, 2020. This was the height of the pandemic in NY. Most people were fearful to come out of their homes. The buyers saw this as an opportunity of a lifetime and moved quickly. They realized that this listing received multiple offers within days due to the limited customer contact and ability to purchase property. As with all deals, it was not smooth sailing. There were issues that came up, but Joe and I were able to keep all parties calm and work through the issues to come to a successful resolution. This is where having a broker comes in ha...

Congratulations to Keith, Anita, Kurt and David on a successful closing! We wish you many years of success and a fruitful partnership. It was a pleasure working with all of you. I truly appreciate the opportunity. This deal also could not have been completed without the hard work of Jim Aloi, Nathan Goldstein, David Bernikow and Sandi Schneider. The pandemic introduced a big hurdle in getting this deal completed. The original offer was accepted back in February 2020 and eve rything was humming along until the pandemic. This business requires in person contact for installations within private residences. That being said, I never gave up on the deal and neither did the buyers or sellers. Having a solid core business and reasonable parties on all sides makes all the difference in the world when you are trying to come up with fair and reasonable solutions. 20 years of experience on Wall Street and Main Street also helped. Do not be discouraged by the current environment. There are golden o...

1.  I want a transaction to make sense for both buyer and seller.  I recommend that all buyers carefully review our buyer registration form before signing anything.  Feel free to ask questions.  This reduces confusion and/or mis-communication for both of us.     2.  All of my seller clients will be asked to sign a business profile form in which they attest that all figures they have provided are true and accurate.  I cannot make any representations toward the accuracy of any figures because I do not own or run the business.   I expect sellers to be honest as it is in their best interest and that of the potential buyer.  Any inflation of numbers is to the detriment of all parties.  I highly recommend that all potential buyers use an accountant to help in reviewing financials for their own protection.   3.  Remember, some sellers keep better records than others, but most are doing their best to keep...