The answer is for most people is no. It is not economically viable for small deals. Unless you’re well into the middle market and are using a good investment banker there(and the fees they make are massive) most buy side brokers in my experience aren’t great at finding good deals. Simply put if they were great at finding deals then they would likely be an independent sponsor themselves and take equity in the deal or get paid very handsomely by a PE firm or family office in the space for their dealflow. As for fiduciary responsibility, try to work with brokers that are actual brokers in that they are SEC registered and FINRA certified broker dealers. The only time to get a buy side business broker is if you’re looking at propriety deals(a seller with no business broker on an off market deal).
@tedleverette-buyeradvocate
8 ай бұрын
TIP: Watch this (again), folks! Thanks (6:54 minutes) for mentioning me in your insightful podcast, David Barnett. And for your comprehensive, honest, and balanced coverage of a treacherous playing field (no thanks to the charlatans posing as experts or burdened with conflict of interest). (aka “unavoidable conflict,” per David Barnett.)
@DavidCBarnett
8 ай бұрын
Thanks Ted.
@ddog757
2 ай бұрын
great info...thank you!
@DavidCBarnett
2 ай бұрын
Glad it was helpful!
@itcoming9758
2 ай бұрын
Scary.. all about making their money first...
@DavidCBarnett
2 ай бұрын
Everyone goes to work everyday to earn money. It amazes me how some people forget this.
@lukegraven7839
7 ай бұрын
Nice to the point video
@DavidCBarnett
7 ай бұрын
Glad you liked it
@itcoming9758
2 ай бұрын
Need own specialist.
@DavidCBarnett
2 ай бұрын
Yes.
@rickc.3552
8 ай бұрын
Contingency payment model is a terrible model
@DavidCBarnett
8 ай бұрын
100%
@viniciusvctteixeira4118
8 ай бұрын
David, please do a video about ETA for non-US citizens that also don’t live in America, especially in the loan financing part of it (I bet there is a huge demand for that in particular). SBA loans really help buyers to leverage themselves and acquire businesses that would otherwise be unattainable, but are there other programs somewhat similar maybe in Europe or something? What about a foreigner that lives outside of the US acquiring a business in the US? Can something be done in a way that an SBA loan can be structured? Thanks for all the content you put out
@RomilCPatel
8 ай бұрын
SBA is strictly for US persons. But I think it would be great if David made a video that touched upon other forms of financing like BDCs, SBICs, Mezz funds, syndicates etc. which are outside traditional banking but are still great financing options.
@viniciusvctteixeira4118
8 ай бұрын
@@RomilCPatel thanks for the response. Can you recommend any source of information to these topics you just mentioned? I never heard of it.
@DavidCBarnett
6 ай бұрын
Thank you for the suggestion!
@anthonyj.commissosr.9804
7 ай бұрын
How about to sell a business
@DavidCBarnett
7 ай бұрын
I wrote a book called 'How to Sell My Own Business.' The first half is about why you might not want to and how to determine if a broker is qualified or not. It's on Amazon. www.DCBBookList.com
@domferretti
8 ай бұрын
Alberta & BC business brokers don't need a real estate license, is that true?
@DavidCBarnett
8 ай бұрын
Not sure about each place. Here in NB they do, but in Quebec, for instance they don't if the business doesn't own real estate. You'd have to do some searches, maybe with the regulators in each province.
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