ED Magedson – Founder
vested business brokers50 Karl Ave smithtown ny 11787 Internet USA
vested business brokers Do Not List Your Business with this Broker! Smithtown New York
If youare trying t sell your business, DO NOT list it with this company. If you do ,you will see your business advertised on various web sites but potential buyers who see the ad and inquire about it will be not be given the information they need to decide if they are interested in it or not. Buyers are asked "register" by providing thier name, address , phone number etc,and aslo sig a Non Disclousre Agreement before given access to financial information about your business on thier website ,which is all well and good ..All brokers require basic information and a non disclosure or confidentiality agreement be signed before releasing confidential information as that protects the seller and also thier possible commision,and it is great thet everything can be done electronically and a buyer can getinformation immediately rather than waiting for a broker to call or emial it to him.
The problem is,that with the "Standard" registration only limited financial information..sales expenses , net profit..etc is availabe tothe buyer..which, while important is useless without knowing what buisness they are trying to sell ,and in order to get the name and address of the buisness they want the buyer to become a "PREMIUM" member and AY THEM $9.99 .Trus me, many buyers will just move on to look at other businesses that are represented by brokers who do not do this,which as far as I can tell , is every other broker in the country..I know of no others that charge a fee for that information,and have dealt with many over the years,having bought and sold several businesses myself.
It's rediculous and completely counter productive to selling your business to limit who gets to learn about it only to those who want to pay them a fee for the information, which only serves to line thier pockets without them having to actually do anything..like talk to prospective buyers and sell your business!
List with a broker who is going to present your business to every buyer who is interested..as long as they do sign the confidentiality agreement, of course.. That should be all that is required,and is all that is required from every broker except these thieves.
This report was posted on Ripoff Report on 06/05/2013 04:16 PM and is a permanent record located here: http://www.ripoffreport.com/reports/vested-business-brokers/internet/vested-business-brokers-do-not-list-your-business-with-this-broker-smithtown-new-york-1056730. 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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