Hello to all our Million Dollar peeps! As always, I hope this message finds you all doing well, and business is booming!
ONLY because I'm desperate to find some quality businesses for sale in key states for some of our serious buyers, I invested a little time into searching online from the various "broker sites."
I shutter when having to resort to such a tactic because there's SO MUCH crap and bloviated BS that you have to filter through to find a viable opportunity.
What's worse is if you do find a legit listing, when you contact the broker and ask targeted questions, and they it becomes obvious they actually don't know S!@# about the industry, NEMT and/or home care, and you do, then they want to get into a D!@# measuring contest and start itemizing their VAST experience in selling across many different industries for the last X number of years. Blah, blah, blah. It's nauseating.
Hey, I don't necessarily begrudge the broker. He/she is trying to make a living, feast or famine, working to put food on the table. BUT, BUT, BUT that doesn't mean you, the business owner should be paying 12-20%! Sorry, but that's just insane!
Anyway, class is in session!
I'm sharing the following portion of a listing as an educational tool.
When you have time, review and read through the below listing and see if you can identify the multiple red flags that are obvious - things a broker won't know because THEY DON"T KNOW S!@# about the industry, so they simply default to what they know and sounds good to stimulate interest.
Feel free to send us an email sharing what you see and recognize as red flags and pitfalls.
If you do recognize key concerns in the below listing and they mirror concerns in your business, let's work to re-strategize and redirect so issues are resolved and you have a legitimate asset to be sold in a "couple two tree" years.
See you at the Top!
Joel E. Davis
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