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First Choice Business Brokers
The World's Authority in Business Sales
Expert Buyer and Seller Services for Sales of Main Street and Middle Market Businesses
First Choice Business Brokers
The World's Authority in Business Sales
Expert Buyer and Seller Services for Sales of Main Street and Middle Market Businesses
First Choice Business Brokers
The World's Authority in Business Sales
Expert Buyer and Seller Services for Sales of Main Street and Middle Market Businesses
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Expert Valuation Services are offered at all First Choice Offices.
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Our Professional Brokers guide business buyers through the purchasing process.
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First Choice Business Brokers, we provide local presence with a national reach.
From business brokerage to mergers and acquisitions; we are the experts!
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Latest Business News
The latest news on buying and selling your business
By duda
•
September 22, 2023
Selling a business in a city like Las Vegas is a complex venture, not for the faint of heart. There are factors to consider, such as; current market conditions, the value of the company, and the buyer's needs. With so much to understand, the process can be simplified with specific steps recommended by professionals in this domain. Here we give you six steps to follow while preparing your business for sale .
By duda
•
September 22, 2023
When selling a business, navigating the process can be overwhelming. Choose a professional you trust and communicate well with to guide you through the sales process. To help you make the right choice for your business, here are the seven tips for choosing a business broker in Las Vegas.
By duda
•
September 22, 2023
Selling a business isn't just about crunching numbers and making deals; it’s an emotional process that can trigger various emotions, from excitement and anticipation to fear and worry. It's not uncommon for owners to experience ambivalence, particularly when emotionally invested in the business. Besides, the process can be complicated and overwhelming, requiring extensive planning and preparation. From finding a buyer to closing the sale, entrepreneurs can experience highs and lows that may be unexpected. Whether working with a trusted advisor or seeking support from family and friends, you want to move forward with confidence and maintain perspective during negotiations. Your feelings may be rooted in leaving something you've invested so much time into or not knowing what comes next in your career journey. It is essential to recognize these feelings and address them accordingly. This article will provide some insights into the emotional aspects of selling your business .
Expert Las Vegas Business Broker Team
The Bousaid Team Will Help You Buy or Sell Your Business
Buying and selling Las Vegas businesses is a process that demands proper training, well-earned experience, and the latest tools. If you want to increase your chances of success, you should plan to find a business broker you can trust – one with skills in evaluation, marketing, and negotiation, as well as knowledge of the local market. With that in mind, it’s no wonder that so many business buyers and sellers trust the Bousaid Team.
Established in 1994, FCBB has become one of the nation’s largest business sales organizations. Our brokers have particular experience in areas such as accounting, banking, real estate, executive search, and securing immigration visas. Whether you’re currently based in Nevada or outside the US, we understand your needs and have the know-how to accomplish your goals.
The following is a partial list of the brokerage services that the Bousaid Team provides:
- Assist in evaluating the value of businesses
- Develop outlines of businesses for potential buyers
- Assist in acquiring E2 business investment visas
- Conduct buyer searches
- Advertise the business to our network of buyers
- Screen potential buyers
- Coordinate and assist in negotiations
- Assist in structuring deals
- Provide all necessary documents and contracts
- Guide clients through the entire buying or selling process
Everyone on our team has completed extensive training through FCU (First Choice University), and everyone attends ongoing continuing education. As a result, our team includes some of the most highly-trained experts in Business Valuation , sales, marketing, and buy/sell negotiations that you’ll find anywhere.
Work with the Bousaid Team, and you’ll find that we’re large enough to offer buyers the best selection of businesses available nationwide, but not too big to give our sellers individual attention. We know that confidentiality is critical in a business sales transaction, and we always act with care and discretion.
The future is bright in Las Vegas. Are you ready to buy a business and take ownership of your future? Or is it time to sell your business and enjoy the rewards of your hard work? Count on the Bousaid Team to help you get the best possible price on your business, on the best terms. Call us today at (702)321-1292, email us at BousaidTeam@fcbb.com, or click the link below to see FCBB’s exclusive listings!
SIX TIPS TO PREPARE YOUR BUSINESS FOR SALE
1. Build a strategy to sell your business
The first step in preparing a business for sale is a well-thought-out strategy. Your team will move forward with clear plans that deliver critical results:
● Identify your priorities
● Choose measurable outcomes
● Develop clear guidelines for everyone to follow
● Identify business goals
With a strategy in place, your team knows what to do.
● Develop an ideal buyer profile
● Complete a study to identify internal strengths and weaknesses, as well as external opportunities and threats
● Develop a marketing plan with a clear positioning statement
● Establish clear revenue potential and profit margins
● Develop an action plan
The importance of a sales strategy cannot be understated. If it seems like an overwhelming task, do not be tempted to minimize its significance. Instead, turn to professionals who streamline the process into actionable steps and help to accomplish tasks along the way.
First Choice Business Brokers - Las Vegas - has proven strategies to achieve your critical results.
2. Review and update human resources policies and contracts.
Every business owner worries about their employees during a business sale. Due diligence of human resources policies and contracts is essential during sales preparation, minimizing your worries and improving employee relationships. Owners can move into sale negotiations confident about the human resources department. A responsible buyer recognizes staffing stability as a benefit to their acquisition of your company.
3. Remove unnecessary expenses.
You can review and reduce non-essential expenses that eat into profit margins to ensure buyers see potential in your business's profit margins.
Do this for a year or two before listing to sell, and your efforts will factor into the valuation.
4. Audit records accurately.
An audit is powerful and will flush out internal mismanagement during sales preparation. You want issues resolved before the business hits the market. A detailed audit grants instant credibility, as the buyer sees the benefit of reduced risk and moves forward in the negotiations.
Your business broker can streamline the audit process and organize its presentation during negotiations. Key performance indicators that gauge overall performance attract a suitable buyer during negotiations.
There are three categories of audits:
● Operational
● Financial
● Compliance
Some view audits as a pain that, not worth the hassle. What do you think?
If you have a business in Las Vegas, visit our First Choice Business Brokers office for a robust discussion about whether or not your business will benefit from an audit.
5. Review your financials with an accountant
A business with clean financial records improves its valuation and attracts suitable buyers. Companies with an accounting team on staff may depend on the strength of their reporting to speak for itself when a buyer begins due diligence.
First Choice Business Brokers have access to professional accountants for advice in financial matters.
6. Create a plan for future growth.
Buyers will study your business metrics and look for growth potential. While you prepare your business for sale, an objective eye will help create a growth plan.
Sharing your business plans for future growth is an attractive feature to a well-qualified prospective buyer.
First Choice Are the go-to Business Brokers in Las Vegas, And Here’s Why:
Certified and experienced brokers.
FCBB has been helping business owners like yourself to sell their businesses since 1994. Andrea and Moe Bousaid are certified, experienced business brokers.
Free valuation of your business:
An accurate valuation is vital to a successful business sale. A low price will cause your business to sell quickly but rob you of its actual value. A high price may cause the listing to sit for too long. Our team at FCBB delivers accurate business appraisals with a proven success rate.
We provide legal documentation and assist with paperwork.
Professional documentation is an asset for your business sale. The experienced adviser provides accurate, professional records, this is attractive to a well-qualified, knowing buyer. Carefully prepared documentation will protect your interests and avoid future repercussions.
We stay with you throughout the process.
An average business sale is stressful for the owner. Tensions run high, especially if you haven't done this before. Hiring a professional business brokerage can alleviate extreme emotions.
First Choice Business Brokers - Las Vegas delivers a turnkey business selling experience.
We find the right buyer for your business.
For a successful sale, you want maximum numbers of prospective buyers from various networks. The larger the draw, the better your chance of finding the right buyer for your business. As a well-connected broker in the Las Vegas area for decades, FCBB will find you the right buyer.
We enforce strict confidentiality protocols.
Confidentiality is a concern during a business sale. Information about the sale leaking to employees or customers causes instability and may quickly change the valuation. At FCBB, we have strong policies that prevent information leaks and protect your privacy. We draft a non-disclosure agreement that buyers sign. Knowledgeable buyers today appreciate and respect the non-disclosure agreement. The NDA will ultimately protect the buyer from unpredictable outcomes caused by disruption amongst employees or customers.
Buy & Sell Your Business -FAQs
How Much Is My Business Worth?
Estimating your business's value will be a daunting task to complete by yourself if you do not have expertise. An accurate valuation may be the most telling indicator of a successful sale. An incorrect valuation can cause irreparable damage, signaling prospective buyers that something is wrong.
Consult with First Choice Business Brokers - Las Vegas for an accurate valuation.
How quickly will my business sell?
The answer to this question depends on several factors, including:
● An accurate valuation
● Location and business domain
● Market conditions and comparables
● Assets and profit margins
First Choice Business Brokers experts have measurable success rates over decades of experience in the Las Vegas market.
When Is The Best Time To Sell?
Simply put, the best time to sell your business is when you can get the highest valuation.
Consider:
● Market Conditions, look for favorable conditions for your niche or domain
● An accurate valuation
● Economic strength
Where can I find the best buyers for my business?
Finding buyers for your business involves:
● Connecting to an extensive network of buyers.
● An effective marketing plan
FCBB has decades of experience helping owners find the right buyer for their business.
What is due diligence?
The process of due diligence is risk management that keeps you and your business safe. Identifying and mitigating high-risk situations will prevent damaging litigation in the future. Audits completed by a third party ensure objectivity a prospective buyer can trust.
What do prospective buyers look for during negotiations?
Prospective buyers perform due diligence, learn about your business, identify risks, and study the metrics. A qualified buyer looks specifically for:
● Profit margins
● Growth potential
● Solid customer base
● Clean legal and financial records
● Due diligence
Your FCBB - Las Vegas knows the buyers on their networks and your business, increasing the possibility of a great match.
Can a business broker sell my business quickly?
Every effort is made to sell your business in a reasonable period of time. There are variables that make it difficult to predict a specific time it will take to sell your business. A business broker has considerable experience with the general market and buyers that saves time without cutting corners.
First Choice Business Brokers - Las Vegas has access to a team, and gets more done in less time. You can sell your company and move on to other things.
Are Business Brokers Expensive?
Because brokers help achieve maximum value, they make money for the owner in the final sale. There is no getting around spending money to sell a business successfully. The better question becomes, how do I get the best value for the money I spend selling the business?
FCBB - Las Vegas provides maximum value to the seller at no risk because there are no upfront fees. A success fee goes to the broker at the closing (a percentage of the sales price agreed upon in advance).
What Size Of Business Do You Handle?
Some business brokers specialize in a specific niche or domain, many within the middle market.
First Choice Business Brokers network in all markets; the mainstreet local markets and multinational companies in the middle or larger markets.
Will You Help Me During Negotiations?
It is common for brokers to handle negotiations for the seller. Although there are some owners who prefer to do so themselves.
Our advisers with First Choice Business Brokers - Las Vegas are well trained and experienced in the art of negotiation. (This might even be our favorite part) We stay with you through the entire process until the deal is closed and a successful transition takes place.
We invite business owners who are thinking about selling to visit our Las Vegas office. We are happy to be your sounding board while you make such important life changing decisions.
We are here for you!
Team Bousaid FCBB Privacy Policy
Introduction
This Privacy Policy outlines FCBB Team Bousaid (" we ", " our " or " the Company ") practices with respect to information collected from users who access our website at https://vegasbiz4sale.com/ (" Site "), or otherwise share personal information with us (collectively: " Users ").
Grounds for data collection
Processing of your personal information (meaning, any information which may potentially allow your identification with reasonable means; hereinafter " Personal Information ") is necessary for the performance of our contractual obligations towards you and providing you with our services, to protect our legitimate interests and for compliance with legal and financial regulatory obligations to which we are subject.
When you use the Site, you consent to the collection, storage, use, disclosure and other uses of your Personal Information as described in this Privacy Policy.
We encourage our Users to carefully read the Privacy Policy and use it to make informed decisions.
What information we collect?
We collect two types of data and information from Users.
The first type of information is un-identified and non-identifiable information pertaining to a User(s), which may be made available or gathered via your use of the Site (“ Non-personal Information ”). We are not aware of the identity of a User from which the Non-personal Information was collected. Non-personal Information which is being collected may include your aggregated usage information and technical information transmitted by your device, including certain software and hardware information (e.g. the type of browser and operating system your device uses, language preference, access time, etc.) in order to enhance the functionality of our Site. We may also collect information on your activity on the Site (e.g. pages viewed, online browsing, clicks, actions, etc.).
The second type of information Personal Information which is individually identifiable information, namely information that identifies an individual or may with reasonable effort identify an individual. Such information includes:
- Device Information: We collect Personal Information from your device. Such information includes geolocation data, IP address, unique identifiers (e.g. MAC address and UUID) and other information which relates to your activity through the Site.
- Registration information: When you register to our Site you will be asked to provide us certain details such as: full name; e-mail or physical address, and other information.
How do we receive information about you?
We receive your Personal Information from various sources:
- When you voluntarily provide us your personal details in order to register on our Site;
- When you use or access our Site in connection with your use of our services;
- From third party providers, services and public registers (for example, traffic analytics vendors).
What information we collect?
We do not rent, sell, or share Users’ information with third parties except as described in this Privacy Policy.
We may use the information for the following:
- Communicating with you – sending you notices regarding our services, providing you with technical information and responding to any customer service issue you may have;
- To communicate with you and to keep you informed of our latest updates and services;
- To serve you advertisements when you use our Site (see more under "Advertisements");
- To market our websites and products (see more under "Marketing");
- Conducting statistical and analytical purposes, intended to improve the Site.
In addition to the different uses listed above, we may transfer or disclose Personal Information to our subsidiaries, affiliated companies and subcontractors.
In addition to the purposes listed in this Privacy Policy, we may share Personal Information with our trusted third party providers, who may be located in different jurisdictions across the world, for any of the following purposes:
- Hosting and operating our Site;
- Providing you with our services, including providing a personalized display of our Site;
- Storing and processing such information on our behalf;
- Serving you with advertisements and assist us in evaluating the success of our advertising campaigns and help us retarget any of our users;
- Providing you with marketing offers and promotional materials related to our Site and services;
- Performing research, technical diagnostics or analytics;
We may also disclose information if we have good faith to believe that disclosure of such information is helpful or reasonably necessary to: (i) comply with any applicable law, regulation, legal process or governmental request; (ii) enforce our policies (including our Agreement), including investigations of potential violations thereof; (iii) investigate, detect, prevent, or take action regarding illegal activities or other wrongdoing, suspected fraud or security issues; (iv) to establish or exercise our rights to defend against legal claims; (v) prevent harm to the rights, property or safety of us, our users, yourself or any third party; or (vi) for the purpose of collaborating with law enforcement agencies and/or in case we find it necessary in order to enforce intellectual property or other legal rights.
User Rights
You may request to:
- Receive confirmation as to whether or not personal information concerning you is being processed, and access your stored personal information, together with supplementary information.
- Receive a copy of personal information you directly volunteer to us in a structured, commonly used and machine-readable format.
- Request rectification of your personal information that is in our control.
- Request erasure of your personal information.
- Object to the processing of personal information by us.
- Request to restrict processing of your personal information by us.
- Lodge a complaint with a supervisory authority.
However, please note that these rights are not absolute, and may be subject to our own legitimate interests and regulatory requirements.
If you wish to exercise any of the aforementioned rights, or receive more information, please contact our Data Protection Officer (“DPO”) using the details provided below:
Retention
We will retain your personal information for as long as necessary to provide our services, and as necessary to comply with our legal obligations, resolve disputes, and enforce our policies. Retention periods will be determined taking into account the type of information that is collected and the purpose for which it is collected, bearing in mind the requirements applicable to the situation and the need to destroy outdated, unused information at the earliest reasonable time. Under applicable regulations, we will keep records containing client personal data, account opening documents, communications and anything else as required by applicable laws and regulations.
We may rectify, replenish or remove incomplete or inaccurate information, at any time and at our own discretion.
Cookies
We and our trusted partners use cookies and other technologies in our related services, including when you visit our Site or access our services.
A "cookie" is a small piece of information that a website assign to your device while you are viewing a website. Cookies are very helpful and can be used for various different purposes. These purposes include allowing you to navigate between pages efficiently, enable automatic activation of certain features, remembering your preferences and making the interaction between you and our Services quicker and easier. Cookies are also used to help ensure that the advertisements you see are relevant to you and your interests and to compile statistical data on your use of our Services.
The Site uses the following types of cookies:
a. 'session cookies' which are stored only temporarily during a browsing session in order to allow normal use of the system and are deleted from your device when the browser is closed;
b. 'persistent cookies ' which are read only by the Site, saved on your computer for a fixed period and are not deleted when the browser is closed. Such cookies are used where we need to know who you are for repeat visits, for example to allow us to store your preferences for the next sign-in;
c. 'third party cookies' which are set by other online services who run content on the page you are viewing, for example by third party analytics companies who monitor and analyze our web access.
Cookies do not contain any information that personally identifies you, but Personal Information that we store about you may be linked, by us, to the information stored in and obtained from cookies. You may remove the cookies by following the instructions of your device preferences; however, if you choose to disable cookies, some features of our Site may not operate properly and your online experience may be limited.
We also use a tool called “Google Analytics” to collect information about your use of the Site. Google Analytics collects information such as how often users access the Site, what pages they visit when they do so, etc. We use the information we get from Google Analytics only to improve our Site and services. Google Analytics collects the IP address assigned to you on the date you visit sites, rather than your name or other identifying information. We do not combine the information collected through the use of Google Analytics with personally identifiable information. Google’s ability to use and share information collected by Google Analytics about your visits to this Site is restricted by the Google Analytics Terms of Use and the Google Privacy Policy.
Third party collection of information
Our policy only addresses the use and disclosure of information we collect from you. To the extent you disclose your information to other parties or sites throughout the internet, different rules may apply to their use or disclosure of the information you disclose to them. Accordingly, we encourage you to read the terms and conditions and privacy policy of each third party that you choose to disclose information to.
This Privacy Policy does not apply to the practices of companies that we do not own or control, or to individuals whom we do not employ or manage, including any of the third parties which we may disclose information as set forth in this Privacy Policy.
How do we safeguard your information?
We take great care in implementing and maintaining the security of the Site and your information. Although we take reasonable steps to safeguard information, we cannot be responsible for the acts of those who gain unauthorized access or abuse our Site, and we make no warranty, express, implied or otherwise, that we will prevent such access.
Transfer of data outside the EEA
Please note that some data recipients may be located outside the EEA. In such cases we will transfer your data only to such countries as approved by the European Commission as providing adequate level of data protection, or enter into legal agreements ensuring an adequate level of data protection.
Advertisements
We may use a third-party advertising technology to serve advertisements when you access the Site. This technology uses your information with regards to your use of the Services to serve advertisements to you (e.g., by placing third-party cookies on your web browser).
You may opt-out of many third-party ad networks, including those operated by members of the Network Advertising Initiative ("NAI") and the Digital Advertising Alliance ("DAA"). For more information about this practice by NAI and DAA members, and your choices regarding having this information used by these companies, including how to opt-out of third-party ad networks operated by NAI and DAA members, please visit their respective websites: http://optout.networkadvertising.org/#!/ and http://optout.aboutads.info/#!/ .
Marketing
We may use your Personal Information, such as your name, email address, telephone number, etc. ourselves or by using our third party subcontractors for the purpose of providing you with promotional materials, concerning our services, which we believe may interest you.
Out of respect to your right to privacy we provide you within such marketing materials with means to decline receiving further marketing offers from us. If you unsubscribe we will remove your email address or telephone number from our marketing distribution lists.
Please note that even if you have unsubscribed from receiving marketing emails from us, we may send you other types of important e-mail communications without offering you the opportunity to opt out of receiving them. These may include customer service announcements or administrative notices.
Corporate transaction
We may share information in the event of a corporate transaction (e.g. sale of a substantial part of our business, merger, consolidation or asset sale). In the event of the above, the transferee or acquiring company will assume the rights and obligations as described in this Privacy Policy.
Minors
We understand the importance of protecting children’s privacy, especially in an online environment. The Site is not designed for or directed at children. Under no circumstances shall we allow use of our services by minors without prior consent or authorization by a parent or legal guardian. We do not knowingly collect Personal Information from minors. If a parent or guardian becomes aware that his or her child has provided us with Personal Information without their consent, he or she should contact us at andrea@fcbb.com.
Updates or amendments to this Privacy Policy
We reserve the right to periodically amend or revise the Privacy Policy; material changes will be effective immediately upon the display of the revised Privacy policy. The last revision will be reflected in the "Last modified" section. Your continued use of the Platform, following the notification of such amendments on our website, constitutes your acknowledgment and consent of such amendments to the Privacy Policy and your agreement to be bound by the terms of such amendments.
Opt-in is not shared with 3rd parties.
No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All other use case categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.
How to contact us
If you have any general questions about the Site or the information we collect about you and how we use it, you can contact us at:
Team Bousaid FCBB
Last Modified December 07, 2023.
The Bousaid Team First Choice Business Brokers Las Vegas
License: NV RE S.0178371/CA DRE 02069752 - NV RE S.0176816/CA DRE 02069753
Permit: Business Broker Permit BUSB.0006910 / BUSB.0006883
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