• Report: #1058726

Complaint Review: Vested Business Brokers

  • Submitted: Wed, June 12, 2013
  • Updated: Wed, June 12, 2013

  • Reported By: newedge2003 — spokane Washington
Vested Business Brokers
50 Karl Ave Smithtown, New York USA

Vested Business Brokers are scammers scam, bait and switch, deciet, scammer Smithtown New York

*Consumer Comment: Admission

*Consumer Comment: What?

*REBUTTAL Owner of company: BizBuySell

*Author of original report: Maybe you need to do some research

*Author of original report: Thug reply from a Thug!

*General Comment: You're an obvious schill

*Consumer Comment: Please do some research

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http://www.vestedbb.com Vested Business Brokers are scammers. They post listings on legitimate web sites, like bizbuysell.com, and then, they want you to pay a premium membership, before you get any access to information. In fact, you have to pay, just to speak with a broker. You can't get anything, until you register for the premium services. This is a scam, and wastes time. I've dealt several brokers, and all I would need is to sign an NDA, *NO FEES!* This site should be shut down!
http://www.vestedbb.com/?file=registration


This report was posted on Ripoff Report on 06/12/2013 07:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Vested-Business-Brokers/Smithtown-New-York-11787/Vested-Business-Brokers-are-scammers-scam-bait-and-switch-deciet-scammer-Smithtown-New-1058726. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
2Author 4Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Admission

AUTHOR: Pops - ()

So you are admitting on a public forum that your company has attached fraudulent businesses for sale on other business websites?  One:a business listed at 80% below value would scare away any investor. Two: Why would anyone post a fraudulent business for sale at 80% under value in order to see how many people respond? What sort of "investigative report" would you be able to gather based on an undervalued business?

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#2 Consumer Comment

What?

AUTHOR: Pops - ()

I too have bought and sold several businesses. I have investigated several businesses and never ever have I had to put a dime out in order to get information.  Paying money on a credit card does nothing to establish who a person is or their financial ability. One could use a prepaid Visa card to avoid name or use a stolen card for that matter. A true business broker is not afraid to do the work required to actually sell and earn (that is right earn) their commission. In order to do that they pay for advertising, they get positive ID of buyers by getting a copy of a drivers license or some other form of ID. They have them sign a non-disclosure agreement and then try to convince them that the business is worth the asking price. They also set up viewing of the business, review of the business financials, review of current lease if any. Contact with landlord and along the way they qualify the potential buyers financial ability so as not to waste their clients time.

A recurring credit card payment does nothing to establish an ability to pay or even identify an individual. All it does it send the potential buyer along the way to look for the next investment oppertunity. 

"A fool and their money are soon parted." Thomas Tusser Five Hundreth Pointes of Good Husbandrie, 1573

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#3 REBUTTAL Owner of company

BizBuySell

AUTHOR: Francis john - ()

BizBuySell is the company to be aware of.

As a test to their effectivenes, for an investigative piece, we were doing, we placed an ad for a business with a value listed at 80% below actual valuation.

Their analytics showed the ad was allegedly:

  • displayed 11,286 times
  • people clicked ad on, 2178 times
  • and there were zero requests, for information

 I think, the numbers speak volumes.

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#4 Author of original report

Maybe you need to do some research

AUTHOR: newedge2003 - ()

Bizquest.com, loopnet.com, mobilehomeparkstore, rvparkstore, bizbuyandsell, AND biztrader. That's SIX sites I can go to, and talk with the broker, FOR FREE!

The time a company, no matter what the type, should make money, is when it actually DOES something, such as close a deal. To talk to them, and it turns out that I've no interest, such as finding out that there's a few liens on the business, would be good to know, before paying anything. Their job is to make information available, or else why should they even be in place?

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#5 Author of original report

Thug reply from a Thug!

AUTHOR: newedge2003 - ()

Great user name! Title response is just what one would expect from a thug to respond.

Bizquest.com, loopnet.com, mobilehomeparkstore, rvparkstore, bizbuyandsell, AND biztrader. That's SIX sites I can go to, and talk with the broker, FOR FREE! The brokers get their fee, but ONLY WHEN WE CLOSE! To charge a fee, and to waste my time, is worth 0 dollars! They shouldn't be allowed to post on these, or any other sites. I can go to those 6 sites, and many others, call, and get all the information I want on a property, or business, and I don't have to pay! If you want to pay, when you could be consutling businesses for free, your welcome to get robbed!

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#6 General Comment

You're an obvious schill

AUTHOR: T-time - ()

If the businesses are in those ranges, why would you pull a penny-ante stunt like that.  It's a ridiculous premise.  

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#7 Consumer Comment

Please do some research

AUTHOR: bigredrassler - ()

As someone who has done online business brokerage before, I can tell you that virtually all online brokers require a paid membership in order to get full access to the information.  This is common practice online, and $9.99 is actually a decent price.  Any serious buyers looking to buy a business would be willing to pay 10 bucks in order to have a convenient, searchable listing of hundreds or even thousands of businesses for sale.  Realize that this particular company does not sell businesses valued under half a million dollars, so if a buyer can't afford 10 dollars, how do you expect them to buy a business?

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