Vested Business Brokers, founded in January 2000 by Nathan Goldstein, is a prominent business brokerage firm specializing in the sale and acquisition of privately held businesses across various industries. The company operates on a non-franchise basis, offering personalized services to clients nationwide.
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Leadership
Nathan Goldstein serves as the Chief Executive Officer of Vested Business Brokers. Before establishing the firm, he had a successful career as a Wall Street investment banker, participating in raising over one billion dollars for various projects.
His experiences revealed a gap in the market for reliable financial data comparisons among companies, leading him to create Vested Business Brokers to address this need. Under his leadership, the company has developed a comprehensive database of comparable financial information, enhancing the accuracy and reliability of business valuations.
Services
Vested Business Brokers offers a range of services tailored to meet the diverse needs of business buyers and sellers:
- Business Sales Representation: The firm assists business owners in selling their businesses by providing free market valuations, strategic and discreet marketing efforts, and access to a national network of industry experts. Each client is paired with a dedicated Vested Business Broker professional, supported by the entire knowledgeable and experienced team.
- Buyer Services: For prospective buyers, Vested Business Brokers provides access to a wide variety of businesses for sale. The firm offers an easy electronic registration system, including a confidentiality/non-disclosure agreement, and private portfolio management to facilitate real-time business searches from any device. This unique approach effectively brings buyers and sellers together, resulting in quality business deals for all parties involved.
- Business Valuation: Understanding the critical importance of accurate business valuations, Vested Business Brokers employs a proprietary process to determine the fair market value of a business. This ensures that sellers receive appropriate compensation and buyers make informed investment decisions.
- Franchise Consulting: The firm assists clients in identifying and assessing franchise opportunities that align with their business goals. Leveraging years of experience, Vested Business Brokers guides clients through the franchising process, from negotiating contracts to providing support during the opening phases.
With a team of over 130 experienced business brokers operating across various local markets in the United States, Vested Business Brokers combines state-of-the-art tools with a personalized approach.
This strategy has established the firm as a leader in the business brokerage industry, dedicated to facilitating successful transactions and fostering long-term client relationships.
Vested Business Brokers’ Reviews
Vested Business Brokers has garnered a range of feedback across various platforms, reflecting both client and employee experiences. Here’s a detailed overview:
Birdeye
On Birdeye, Vested Business Brokers holds an average rating of 3.3 out of 5 stars, based on 129 customer reviews. The feedback is mixed, with some clients praising the professionalism and helpfulness of the brokers, while others express dissatisfaction with certain aspects of the service.
For instance, one reviewer mentioned, “My husband and I have been working with Vested to find a business that makes sense for us to purchase… They have helped us with knowing what documents we need to see… and have really been there for us every step of the way.”
Glassdoor
Employee reviews on Glassdoor provide insights into the internal environment at Vested Business Brokers. The company has an overall rating of 3.6 out of 5 stars, based on 17 reviews. Approximately 56% of employees would recommend working there to a friend, and 74% have a positive outlook for the business. Positive reviews highlight the supportive management and the flexibility of working as a broker. One employee noted, “The Vested team is always behind its employees… any time I have a question about anything I can call the corporate office and get an answer almost immediately.”
However, some reviews point out challenges, such as the commission-based pay structure and the monthly fees for brokers. A reviewer mentioned, “You only make money if you close a deal. Also, you have to pay the company $100 a month to use their website.”
Indeed
On Indeed, Vested Business Brokers has an overall rating of 4.2 out of 5 stars, based on 6 reviews. Employees appreciate the supportive environment and the comprehensive training provided. One current employee stated, “The training is very good and ongoing if you want it. The support from home office staff and management is unbelievable.” However, some reviews mention the lack of benefits and the challenges of a commission-based role. A former employee noted, “No health benefits, small office so no off days allowed… understaffed for the job at hand.”
Better Business Bureau (BBB)
The Better Business Bureau accredits Vested Business Brokers with an A+ rating. However, specific customer reviews or complaints are not detailed in the available information.
Business Brokers Rated
An in-depth review on Business Brokers Rated discusses Vested Business Brokers’ services and reputation. The review notes that the firm has been in business since 2000 and has a team of 93 brokers, with over 3,600 active businesses for sale. It mentions that Vested operates on a “pay for performance” basis, charging a success fee ranging between 10% to 12% of the sale price upon successful transaction closure.
The review also highlights mixed feedback from clients, with some expressing satisfaction and others raising concerns about communication and service quality.
Summary
Vested Business Brokers has received varied feedback across different platforms. Clients and employees have shared both positive experiences and areas of concern. Prospective clients and potential employees are encouraged to review these sources and conduct thorough due diligence to determine if Vested Business Brokers aligns with their specific needs and expectations.
Vested Business Brokers’ Fees
Their fee structure and diverse listings provide insight into their operations.
Fee Structure
Vested Business Brokers operates on a commission-based model, charging a success fee upon the completion of a transaction. According to their terms and conditions, the commission is set at 12% of the actual purchase price paid for the business.
This fee aligns with industry standards, where business broker commissions typically range from 10% to 15% for businesses sold between $100,000 and $1,000,000.
It’s important to note that commission structures can vary based on factors such as the size and complexity of the business. For precise details, it’s advisable to contact Vested Business Brokers directly.
Example Listings
Vested Business Brokers manages a diverse portfolio of businesses for sale. Here are some examples that highlight the range of industries they cover:
- Pet Grooming Business in Queens County, NY: This established pet grooming business boasts a loyal customer base and consistent revenue. The asking price is $800,000, with an owner’s cash flow of $200,000. Owner financing is available with a down payment of $500,000.
- Educational Training Center in New Haven County, CT: Specializing in educational services, this business is listed at $75,000, generating a cash flow of $26,500. Owner financing is offered with a down payment of $39,000.
- Convenience Store in Suffolk County, NY: A well-located convenience store with steady customer traffic, listed for $200,000 and an owner’s cash flow of $82,000. Owner financing is available with a $100,000 down payment.
- Deli and Catering Business in Nassau County, NY: This deli offers catering services and is priced at $490,000, with an owner’s cash flow of $95,000.
- Private Gym in New London County, CT: A fitness center catering to a dedicated clientele, listed at $65,000 with an owner’s cash flow of $10,000. Owner financing is available with a $45,000 down payment.
These listings demonstrate Vested Business Brokers’ capability to handle a wide array of business types, from retail and service industries to educational and fitness sectors. Their extensive portfolio reflects their commitment to matching buyers with businesses that align with their interests and investment goals.
For a comprehensive view of available businesses, prospective buyers can visit Vested Business Brokers’ official website, which features advanced search options to filter listings by industry, location, and financial criteria.
By exploring these listings, potential buyers can gain a better understanding of the opportunities facilitated by Vested Business Brokers and assess how these align with their investment objectives.