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want to buy a financial planning business

looking to add to my practice-want to buy a financial planning practice with clients primarily in managed accts-located in FL

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Jun 4, 2017
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May 31, 2017
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May 12, 2017
Rick Carlson
Ace Business Brokers
Los Angeles County, CA
Premium Broker

Hi Patricia, I very rarely see these for sale, so if you find something, you probably will pay a higher multiple for it as I would imagine they would be a high demand acquisition that would command a premium over a liquor store or something like that. I have sold many insurance agencies and other financial businesses over my career, and I find that the best way to get B2B or B2C (high profit) service businesses is to call them directly and reach out to the owner. You will be surprised what a friendly call to a colleague may get you. If you find a prospect and want to close a deal with them, I'd hire a Florida business broker that is local to Lake County and meet with a few until you gelled with one that you like. Since you're gift wrapping them a listing and sale commission you should be able to negotiate a lower than 10% commission for facilitating the transaction. Both you and the seller should split the cost 50/50. % shouldn't be too low, mind you, but not full freight.... ;)

Good luck!

Cheers,

-Rick.

Rick Carlson
President, Ace Business Brokers
800-985-4939
rickcarlson@acebusinessbrokers.com

Jun 23, 2010
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Biz2Credit LLC
New York County, NY

Patricia,

We can help you get financing for your business acquistion. We at Biz2Credit have over 75 banks and 130 products to match your varied business credit needs across the country. You can fill out a free loan application on www.biz2credit.com and see your options and decide to work with lenders either on your own or through a dedicated case manager from Biz2Credit at a low monthly cost. Once you get matched with a lender, you can use the document management system to upload and maintain all the documents , share it with lenders and other partners you work with. Also being a registered member helps you to get free updates on new lenders ,lending product and tools to build and manage your business credit from our partner, Dun & Bradstreet.

Jun 22, 2010

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