If you’re looking for information on Vested Business Brokers, you will discover everything you need to know in this in-depth Vested Business Brokers review.
We have done extensive research into this business broker which includes contacting them to learn everything we could about this firm.
Overview Of Vested Business Brokers
Vested Business Brokers is a business brokerage that was founded in the year 2000 by Nathan Goldstein.
Nathan started this business brokerage after being a successful Wall Street investment banker. While working as an investment banker he ran into deals that fell apart because of the great differences in the claimed financials by principals and the actual information found when doing due diligence. There was no way to compare reported financials by a company against the data of similar companies. There was no database that contained this comparable information. This led Nathan to start this business.
As noted above, this business brokerage has been in business since the year 2000. This means they have a very long track record and extensive experience in the field.
Not only do they sell businesses, if you’re looking to buy, Vested Business Brokers has over 3,600 active businesses for sale.
Nathan does not work by himself now. The Vested Business Brokers team consists of 93 business brokers each handling a different geographical area.
Types Of Businesses Vested Business Brokers Sells
As stated above, Vested Business Brokers allows people to buy businesses as well as list a business for sale. At any one time they have over 3,000 active businesses for sale and their team of business brokers has closed close to 1,800 transactions in their 20 + years of doing business.
Their database consists of more than 280,000 buyers all pre-qualified and ready to buy a business.
This business brokerage company sells businesses in a wide variety of industries including:
- Automotive repair shops
- Bread routes
- Car washes
- Cleaning businesses
- Computer repair
- Convenience stores
- Dry cleaners
- Gas stations
- Law firms
- Security businesses
- Tanning salons
- Transport businesses
and many other industries not listed here.
It seems that Vested Business Brokers sells businesses in almost every industry but it seems most are brick and mortar businesses.
If you’re looking to sell an ecommerce business or website, you may want to try a website broker.
Vested Business Brokers Valuation Process
Selling a business is never an easy decision. It’s critical to get a proper business valuation to make sure you get the most for your business. The business broker assigned to your geographical area will work with you to get the correct valuation for your business.
When you begin to work with this business brokerage, they gather information to tailor a custom business valuation. You will provide the information and they will put together a complete business valuation.
The valuation provided by this business brokerage firm is free and does not obligate you to sell with them. They will work with you to make sure you feel right about selling your company.
To gain even further insight into the processes used by this broker, we looked at each aspect of their sale process for this Vested Business Brokers review.
If you choose to list your business for sale with Vested, they promise to protect you throughout the process. Their goal is to provide an efficient and confidential process with your best interest their main concern.
Once you decide to list your business with Vested Business Brokers, their technology begins checking their database of over 280,000 buyers to see if there are any matches. This happens within 24 hours of listing your business on their platform. If there is a match to a buyer that is already in their system, your business may sell fast.
They also use multiple marketing channels to begin to market your business so it can be seen by potential buyers. Part of these marketing channels is having your business listed in Vested Magazine which is the weekly resource sent out to buyers and potential buyers.
When a buyer is interested in your business, you will receive the buyer’s information and name in real time. This includes their number and email so it’s totally transparent.
The brokers that work with this company guide you through the whole process and help to resolve any issues that may pop up during the process. They only move forward on each step when they have your approval first. They are with you through the entire process including due diligence and negotiation all the way to closing.
Vested Business Brokers Success Rates
Looking at the closure rates and success rates of any business broker is a good way to gauge how good they are at their work. This is not the only factor in determining if a business broker is good, but it’s one factor that we take into consideration when ranking a firm.
When it comes to the success rates of Vested Business Brokers, they have helped over 1,800 business owners sell their businesses successfully. This is about 90 businesses a year. This is a decent track record and it shows they do sell businesses.
However, the fact that they have over 3,600 businesses for sale at this moment, this means that the majority don’t sell. We don’t know their exact closure rates but based on the numbers they have for sale, it’s not as high as other business brokers.
Fees Charged By Vested Business Brokers To Sell A Business
An important part of analyzing any business broker is to look at the fees they charge to sell a business. We have contacted Vested Business Brokers for this review and asked about their fees since they are not listed on their website.
After we heard back, we found that Vested Business Brokers is a “pay for performance” based business broker. This means they only earn a commission if and when they sell your business.
Once they do sell your business their success fee ranges between 10% to 12% of the sale price.
This is pretty much industry average with some brokers being a bit higher and some business brokers that are quite a bit lower. Website Properties for example charge a much lower success fee.
Pros And Cons Of Using This Business Broker
After careful research for this Vested Business Brokers review, we are listing these pros and cons of working with this business broker.
- Long track record
- Experienced business brokers on staff
- Wide variety of industries served
- Great response times by email
- Free valuation
- Higher success fees than some
- Response times by phone not as good
- Not as personal as some smaller firms
- Low reviews by others across the web