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Bill Weber

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Apogee Business Brokers LLC - New Jersey Business Broker serving New Jersey and New York City Metro

Company

Apogee Business Brokers LLC

Based in New Jersey, we provide a professional and personal hands on approach to assist business owners sell their businesses. We start by meeting in person with the business owner at their location to better understand the business and what makes it a success. For buyers, we provide salient up to date information in a timely manner needed to successfully purchase the right business.

We understand that confidentiality is of paramount importance to most business owners when selling their business. All information provided by business owners is strictly confidential and only potential buyers who agree to be bound by a nondisclosure agreement are provided information.

We represent businesses, primarily in the New Jersey and New York City Metro area, that have average annual revenues from $500,000 and up and with cash flows in excess of $175,000 per year. Our clients come from businesses including professional engineers, surveyors, service industries, construction related businesses, manufacturers, wholesale distributors retail, professionals, tech businesses and others.

If you're a business owner looking to sell your business and retire, or to just move on to something else, call Apogee Business Brokers LLC. There are no up-front costs. You pay us only when we sell your business.

Services Offered

We specialize in the sale of businesses with annual revenues from $500,000 and up and with cash flows in excess of $175,000 per year. Though our affiliated company, real estate broker services are available for businesses that include the sale of real estate assets. Business consulting services, consulting related to real estate development, sales and acquisitions provided.

About

APOGEE BUSINESS BROKERS, LLC
ABOUT:

Apogee Business Brokers LLC specializes in the sale of businesses with annual revenues from $500,000 and up with cash flows in excess of $175,000 per year.

Based in New Jersey, we provide personal attention to help business owners sell their businesses, located primarily in New Jersey and the Greater New York City Metro area, and we work closely with the business owner to get the best price. Prior to listing, we meet with the business owner at his or her location to understand the business from the owner’s vantage and his or her objectives in selling, determine the competitive advantages that makes the business a success, and advise on strategies to sell and list the business.

We realize that confidentiality is of paramount importance to most business owners when selling their business, understanding that there is still a business to be run. Customers, employees, and vendors may become disconcerted if it becomes known that the owner is looking to sell the business. All information provided by the business owner is strictly confidential. Only potential buyers who agree to be bound by nondisclosure agreements are provided with any information about your business.

If you’re a business owner looking to retire, or you’re just ready to move on to something else, let Apogee Business Brokers show you how you can sell your business for the best price and best terms for you. There are no up-front costs. You pay us only when we sell your business.

THINKING OF SELLING YOUR BUSINESS?

After many years of owning and operating a successful business, you may have come to the conclusion that it is about time to think about retiring or maybe pursue other endeavors. Selling a business takes planning and strategy. Having a bad month or wanting to test the waters are usually not good reasons to place your business on the market. Prospective buyers want to know up front why you’re selling. Serious buyers can sense when the seller’s reasons are valid or not. It’s also not good to wait until you have to sell. Businesses in economic and/or emotional distress are not attractive to serious prospective buyers. Businesses that can show verifiable consistent cash flow over the previous three years have the best chance of getting sold at the highest price. When planning to sell your business it is important to have available documents that can validate its health and cash flow in order to market and sell the business. You are going to need;

- Three years of federal tax returns related to the business.
- Profit and loss statements for three years.
- Lease documents, or if owned information on the business real estate.
- Fixture and equipment list.
- Copies of any equipment leases.
- Copies of promissory notes, mortgages, and loans against the business.
- Inventory amounts on hand.

Ideally, owners who plan ahead with establishing verifiable income and cash flow for the three years prior to selling are in better positions to market their business to prospective buyers. Some buyers look to bank financing to finance a portion of the business purchase, in which case having these documents available is essential.

Consider also, when planning to sell, that since the marketing of your business will necessarily require that it be on a more confidential basis, it usually takes longer than a typical real estate transaction to find a buyer to purchase. Typically, the process takes anywhere from nine months to one year, and often longer.

Although any information giving to potential buyers are based on they’re being bound to confidentiality under nondisclosure agreements, it is important to remember that many buyer’s wish that their interest in your business also be confidential. Trust and good rapport between Seller and Buyer that develops during the process are essential to a successful transaction conclusion.

Keep in mind that it is important for you the seller to put his business with the best foot forward and for potential buyers to see it at its best, showing no signs of neglect in all aspects. Serious buyers look for established, well managed businesses with which they can hit the ground running on day one. And remember, successful transactions are the result of a win-win for Seller, Buyer and all involved.

THINKING OF BUYING A BUSINESS?

Potential Business Buyers, answer these questions:

- Are you a potential buyer looking for an opportunity to own a business? Are you looking to operate a specific type of business?
- Or are you looking to own more to invest and have others run the business operations?
- Do you have experience owning and/or operating similar businesses that you are considering purchasing?
- Is your interest strategic in acquiring a business to leverage your existing business operation by expanding into a geographic or targeted customer market that you are not now serving with your current business?

These are questions that business sellers are going to want to know about you up front. You should also be prepared to address the financial aspects of buying a business, such as;

- Do you have the necessary funds to buy a business?
- Is the cash readily available?
- Do you plan on financing?

As a potential buyer, you should also consider your time frame for buying a business, what expectations you have with respect to owning the business and what specific assistance you may need from the Seller to transition the ownership of the business.

Keep in mind that business sellers are rightly concerned about confidentiality in giving information out about their business. Be prepared to sign a nondisclosure or confidentiality agreement and furnish some information about yourself before being provided with any specific information about the business. You will be bound to keep any information that is provided to you by the business broker and / or seller confidential. Only then can information about the business including pertinent financial data, be provided to you.

Remember, the trust and the good rapport established between Seller and Buyer during the process is essential to concluding a successful transaction. There has to be a win – win for all involved.

ABOUT OUR PRINCIPAL BROKER

Bill Weber is Principal Broker for Apogee Business Brokers, LLC. He is a licensed real estate broker of record in New Jersey and a licensed real estate broker in Texas as well. Prior to founding Apogee, Bill worked for another major business broker business in the New York area. He has more than thirty years of putting deals together, negotiating and following through on a variety of complex financial, business and real estate transactions. Bill has served in executive roles from President of a $250 Million division of a Fortune 500 company with 200 employees to starting and running his own business. As President he led the Division from a loss of $170,000 to a net income of $45 million in 9 years. He has been engaged in transactions and operational matters for companies located in New Jersey, New York, Pennsylvania, Delaware, Texas and more. Bill’s years of expertise in business transactions, as well as in operations, negotiating the acquisition and sale of land for development, processing of entitlements, development, and vertical construction has tempered him into a proven problem solver when it comes to business and real estate issues. He has been involved in reorganizations and turn around for distressed companies serving as both an independent board member and corporate officer in New Jersey and Texas. Bill has a Bachelor’s Degree in Business Administration concentrated in Marketing from the University of Houston, and a Masters of Business Administration concentrated in Finance from Sam Houston State University.

FREE CONSULTATION

Contact Apogee Business Brokers LLC for a free consultation about selling your business at bweber@apogeebb.com or call 908-917-5594.

Areas Served

  • Somerset County, NJ
  • Morris County, NJ
  • Essex County, NJ
  • Union County, NJ
  • Bergen County, NJ
  • Hudson County, NJ
  • Passaic County, NJ
  • Middlesex County, NJ
  • Monmouth County, NJ
  • New York County, NY

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