Ensuring a Good Business Fit
/Dollars and cents are just one consideration when looking for a business opportunity. Whether the buyer is a large corporation, an owner-operator or a business investor, their new business has to fit into their long term goals and plans. This was definitely true for a busy professional and his wife, who were looking for a business as an investment.
Whether the buyer is a large corporation, an owner-operator or a business investor, their new business has to fit into their long term goals and plans.
"Right from the start, we were very impressed with Travis," the couple says. "We assumed he'd be pushing us to buy right away, but he wanted to find out more about us and our plans. Why were we buying a business? What were our expectations and experience? How much money … and time … did we want to invest? Had we considered purchase structure and financing? His questions got us thinking and asking more questions. We didn't act until Travis had helped us define our key criteria."
"Right from the start, we were very impressed with Travis. We assumed he'd be pushing us to buy right away, but he wanted to find out more about us and our plans."
For Kellett, that background knowledge is vital. "Matching buyers with the right opportunity is critical. Over the years I've seen many cases where a smart, savvy buyer acquires a solid business, then sells a year or two later because the fit wasn't right. That can be a particular danger for professionals … they can't always anticipate the impact on their time and lifestyle," Kellett says. "When I connect them with a business that fits their goals and lifestyle they'll be happy and the business will do well. Everyone wins."
The buyers were also impressed with Kellett's skill and experience in structuring their offer and arranging financing.
The buyers were also impressed with Kellett's skill and experience in structuring their offer and arranging financing. "We expected all kinds of back and forth to be involved, but Travis knew what the sellers and the bank were looking for. He made sure we were always fully informed and kept the whole process simple and understandable. Travis is a true professional … he knows his business and represented us extremely well."
Kellett even used his contacts to find a CEO who ultimately joined the buyers as an equity partner. "Travis didn't just sell us a business, "says the couple. "He connected us with the right business and our new partner, while representing us professionally every step of the way. He added a tremendous amount of value for us."
"Travis didn't just sell us a business, he connected us with the right business while representing us professionally every step of the way. He added a tremendous amount of value."
Find out how Bridgepoint Business Brokers can help you find the business that fits your plans and your life. Call Travis at 306-979-8750 or click to email Travis.