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Larry Braden

Larry Braden

Keller Williams Business
Not Specified
Keller Williams Business

About Me

Charter Business Brokers, an affiliate of KW Business is a leading business broker and commercial brokerage company with offices throughout the United States. Our mission is simple: We Get Deals Done and Done Right! - while providing exceptional professional and customer service to buyers, sellers, and our member brokers. We believe we have built a compelling business model to aggregate buyer, sellers, and member brokers to execute transactions and provide uncomparable professional service to their clients. The relationships among our member brokers are contractual and long-term. We value our quality relationships of experts and do NOT sell your information or proprietary data to anyone. How do we accomplish this? We are a people and relationship driven network first and foremost. We are an integrity driven network that sets only the highest standards and expectations of ourselves to ensure we deliver honest results to all our clients! We believe our success is driven by focusing on client needs first and always! Its our duty and obligation to ensure clients are not burdened or compromised by others that do no share this philosophy. Our broker alliance leverages professional and experienced broker specialists in each market, property type, and condition throughout the greater Western United States. Our alliance is built on leading experts in every professional field that may be required to complete client transactions right the first time, including real estate brokers, attorneys, lenders, appraisers, escrow companies, estate planners, 1031 exchange coordinators, property swaps, tax planners, franchisors, and CPAs. You name it, we get it done! We don't accept "can't do"! There is NO real estate transaction our broker alliance can't do and do right. We leverage our broker alliance network through an innovative internet platform destination, our pre-established relationships, and a compelling user experience that connects buyers, sellers, and their brokers on the right property at the right time. We compete by helping others succeed. We partner with anyone that places client interests first. If you share this mission, we invite you to join us. Please don't hesitate to join our thousands of buyers that enjoy a unique and customer-service oriented buying experience, sell your property and get demonstrable results with leading real estate experts regardless of your property value, type, condition, or circumstances, or call us to join the premier network of real estate brokers and professional service firms that gets deals done throughout the Western United States based on the demonstrable success we built in the Evergreen state of Washington. Our Exclusive Selling Process is the most effective in the industry. You will receive results in: Your business being sold in a professional & confidential manner. More qualified Buyers being exposed to your business. Instant access to thousands of our exclusive Buyers. Putting our experience to work for you! We get you Maximum Exposure, Maximum Appeal Charter Business Brokers specializes in selling restaurants, bars, and retail businesses in Washington and throughout the Western United States, we provide brokerage and valuation services for the restaurant/retail industry. We have the experience, expertise and objectivity to answer your business selling questions and concerns. There is never a consultation or an up-front listing fee. Call us to set up a confidential meeting to discuss selling your business. All information and meetings are discreetly and confidentially handled. Here are answers to the three most frequently asked questions from Seller: 1. How is the value of my business determined? The value of a business depends on many factors, but the most important are: Cash flow: On a nationwide basis the average restaurant sells for 2.2 times seller's annual seller's discretionary cash flow (SDCF) as determined by a detailed analysis of the restaurant's tax returns. WA Brokers often sells prime restaurants for 3 times SDCF, which is the highest value the SBA will place on a business. Of course, digging into the financials to identify the true owner perks and legitimate add-backs is what WA Brokers does best! We are financial experts! Stability of Earnings & Revenues: Restaurant/retail businesses with revenues and earns showing year-over-year growth will command a high SDCF multiple than one showing a decline. Value of tangible assets (inventory, equipment, fixtures, etc.): The better the condition of the equipment, the higher the multiple on SDCF. Location and lease: This can add significant value if the location is in a high demand prime location with a lease that is clearly below market. Years of Experience: After 18 years in the corporate finance and management consulting and more than seven years as a business broker we are confident in selling your business. Great marketing of a business makes the difference between one that sells for 3 times SDCF and one that doesn't sell at all. Charter Business Brokers takes the time to perform a detailed financial analysis of your business in order to maximize the selling price. We then advise you on the proper pricing and structure of sale. 2. What are your fees? There is no charge for valuing your business if you sign a listing agreement with us. Our fees are set by the demand and selling risks within each state. If we don't sell your business, we don't get paid! That being said, our valuation methods and experience usually results in sales prices which more then exceed our fees. For example: A business that is not valued properly will most likely reslt in either a sale at less than true value or no sale at all. Focus on the services and marketing your business will get and not the fee the broker is charging. A good broker can make the difference in getting top dollar for your business. 3. When is the best time to sell your business and how do you get the best price? Timing is crucial in getting the best price! Obviously, it's best to sell when the business is doing well. If business begins to decline, it can hurt the selling price. However, almost any business can be sold, even if it's not doing well, but it must be properly priced. Our Exclusive Selling Process was designed to professionally package and exposed your business all at once to as many qualified Buyers as possible. This results in the best prices and terms your business can achieve. The Buying Process - Restaurants and Businesses For Sale Charter Business Brokers specializes in selling restaurants, bars, clubs and related food and beverage businesses. In association with SellingRestaurants we've provided brokerage and valuation services for the restaurant industry for over 16 years. We have the experience, expertise and objectivity to answer restaurant buying questions. We match your needs, interest, and financial capabilities to the right business listing. One of our axioms is "we don't want to sell you something you don't want!" Our services are free to buyers, but we represent sellers and our agency relationship is with the seller. To get the most from our website and services, please register and login with us. 12 Steps to Buying a Business through Charter Business Brokers: As Charter Business Brokers is honest and professional in selling restaurants, bars and clubs, we ask buyers to be equally honest and professional throughout the buying process. You must sign Charter Business Broker Confidentiality Agreement and Disclaimer prior to receiving business information. This is done at the convenience of your computer, no paper or faxing required. All proprietary business information must be kept confidential, including the business name and address. Before a purchase agreement is drafted, the Buyer should not discuss the business sale anyone who is not bound by the confidential agreement, particularly the owner, employees, or customers. You agree to visit the restaurant, bar or club and not reveal you're a Buyer to anyone at the business. You agree to provide accurate information about yourself, such as contact information, experience background, types of businesses desired, geographic regions desired, and financial information. Charter Business Brokers will provide a selling package on businesses you're interested in. Charter Business Brokers schedules a phone conversation or on-site meeting with the Seller, giving you the chance to ask questions about how the business operates and to discuss your qualifications with the Seller. You agree not to discuss price and terms with the Seller. Once satisfied, you make an offer with contingencies to purchase along with a good faith deposit. The most common contingencies are: Financial due diligence and verification. Transferring of existing lease or negotiating a new lease. Financing, if required. Inspection of the fixtures and equipment. Transfer of Alcohol License, if any. Approval of Seller's Disclosure Statement. You can have your attorney draft the purchase agreement or Charter Business Brokers can draft the purchase agreement on our exclusive purchase and sale agreement. The offer is presented to the Seller and the Seller rejects, accepts or counters it. Escrow is opened and the contingencies to purchase are diligently addressed by the Buyer and Seller. Charter Business Brokers manages the escrow process and assist the Seller, and on behalf of the interest of our Seller, we help the Buyer meet all the closing requirements to complete the purchase. Due diligence is completed and contingencies to purchase are removed. This includes a search for any UCC and tax liens as well as the creditor clearance process. Signing of the escrow/closing documents occurs just prior to closing. At this time the balance of the purchase price plus inventory and closing costs is deposited into escrow. The two parties sign escrow documents. Inventory is counted and the deal closes.


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