Andy and Jessica welcome you to another episode of The Deal Board Podcast. This time, they talk about the current market's features and all the details a buyer should know when seeking a business, and they share great tips and advice for sellers. Andy and Jessica are accompanied by experts in the industry from all across the country, Randy Bring, Gerald Brisson, Steven Hanson, and Scott Hislop, to answer the very frequent question: What would you look for in a business?

Listing of the week: Rick Kittay (Florida) is selling a 52-year-old manufacturing business in Florida; they make commercial key switches for the garage door industry. Listing Price: $750,000 (Including 4,000 square foot property). SBA pre-approved. Call Rick at (954) 401-4115 or email [email protected]

Key takeaways:

[2:20] Randy Bring (Fort Lauderdale).

[2:38] Gerald Brisson (Texas).

[3:30] Steven Hanson (California).

[4:12] Scott Hislop (Minnesota).

[4:39] What is driving the industry and competition right now? What makes a hot business?

[9:13] What is the number one thing that can prevent a sale from the buyers' side?

[15:18] What would the experts look for in a business?

[23:10] What are the less experienced buyers looking for?

[24:24] What should sellers be thinking in a hot market like the current one?

[35:30] Deal of the week: Bill Kelly (Richemont) sold a 40-year-old auto body business in only 90 days. The listing price was $2.9 million and it was sold at $2.6 million.

[39:44] Listing of the week: Rick Kittay (Florida) is selling a 52-year-old manufacturing business in Florida; they make commercial key switches for the garage door industry. Listing Price: $750,000 (Including 4000 square foot property). SBA pre-approved.

Mentioned in this Episode:

The Deal Board Podcast

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United Franchise Group

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Call us — (888) 711-9018

Email us [email protected]

Call Gerald Brisson (Houston Texas) at (832) 585-3765 or email [email protected]

Call Steven Hanson (San Diego North, California) at (760) 607-0642 or email [email protected]

Call Randy Bring (South Florida) at (561) 809-1500

Call Scott Hislop (Minnesota) at (507) 340-4219 or email [email protected]

Call Bill Kelly (Richemont) at (804) 511-3000 or email [email protected]

Call Rick Kittay at (954) 401-4115 or email [email protected]

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