My Business Criteria
I am looking to buy a business with roughly $3-10 million in revenue where I can put my experience and skills to work. Ideally, the business meets the following criteria:
Located in North Jersey
The business should be located in Northern NJ within a 1 hour drive from Montclair, NJ
$500k-$1.5M Profit
Business should generate between $500k and $1.5M in profits per year
10+ Years Old
The business has been operating for at least 10 years and has been consistently profitable
How It Works
Selling your business is a simple and straightforward process that takes approximately 3 months in total. Below are the steps we will take together to achieve this:
Schedule Initial Call
We’ll use this time to get to know each other, discuss your business, and see if there’s a good fit
Evaluate Business
After signing a Non-Disclosure Agreement, I will review the business’s financials and other pertinent information to determine a fair business valuation
Deal Negotiation
Together we will negotiate the high-level terms of the deal and agree to move forward
Letter of Intent
I will draft and sign a Letter of Intent that contains the terms we agreed to
Due Diligence
During the due diligence period, I will confirm all relevant facts and financial information about the busniess
Sign Purchase Agreement
We will both sign a Purchase Agreement outlining the agreed upon terms in preparation for closing
Closing
We did it! After signing all the paperwork, you will have officially sold your business to me and in exchange receive a very large check
Transistion Period
Generally, a seller is available during a transition period of 1-3 months post sale to guide the new owner and answer any questions that may come up