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Get the most value for your business with First Choice Business Brokers. Start here.
Confidential Listing Services for Business Owners who wish to sell.
Specializing in lower middle market services focused on larger businesses with revenue up to $25m
Expert Valuation Services are offered at all First Choice Offices.
Finding the right business for your interests, income requirements and location
“Good coordination we work with Adrianna Smith that helped us close the sale, recommend.“
“If you think you can get away selling your business without using a business broker think again. It is a complicated process that requires a knowledgeable professional with great attention to detail to guide you through every step, from presenting your business, introducing you to potential buyers, coordinating due diligence and escrow. It was a pleasure to work with Lana from First Choice Business Brokers who did an amazing job helping me sell my camera rental business. She was extremely professional, always available to answer any questions, never put any pressure to accept an offer. Can't recommend her highly enough.“
“5 Star Rating for Alvin Papa“
“I don't know where to start. I never left a review in my life for anyone but this time I felt I want to because of the way I got treated by the broker Alvin Papa!! From the first day I've contacted him being interested in buying a business until the last day of Escrow closing. Took me in as he was the one who is buying the business and want the best of the best to happen by trying to get me the best deal and advise. Always accepted all my calls and text messages with an open heart without making me feel bad for calling and messaging often. I was always welcomed he answered all my questions and concerns immediately even while he was off during weekends he made sure to make time to get back to me before the day passes. The way he packaged my proposal paperwork to the landlord he made sure to emphasize the important and minimize the weak points by taking his time working my file by packaging it and organize it in order to look strong and amazing to get accepted immediately by any landlord no matter how hard or complicated the situation. Alvin Papa I can't thank you enough for everything you did to help me step into my new business I couldn't have done it without you!! I feel so blessed and lucky that I found you and work with a broker like you!!🤗“
“Adrianna and Lana are highly respected business brokers in Los Angeles because their attention to details, their concern for their clients and their efforts and perseverance to close transactions on the best possible terms for their clients is second to none. I recommend clients to them without hesitation, because they are not only the First Choice, but the best choice, to get clients’ deals done.“
“Adrianna and First Choice Business Brokers is the only company I would use to sell my business. Their ability to market, even in the toughest of times, is unsurpassed. Adrianna is always available and thorough in the work she prepares for her clients. She will work hard to get you the best deal out there. Don't go anywhere else!“
“Adrianna assisted me originally with the purchase of a business and helped me with an exit many years later. Extremely detail oriented and on top of everything to ensure a smooth transaction.“
“This was my SECOND transaction. Lana Hout did such a great job with my mortgage banking company sale, I listed and sold my real estate company with her too. She is trustworthy, professional and a joy to work with.“
“"I approached Lana Hout of First Choice Business Brokers because I was looking for a high quality, Orange County real estate agency in my price range. Lana provided valuable expertise, insight and support throughout the process. Now, I am pleased to report Iam a new business owner. I found the experience to be much easier than expected and I would recommend Lana Hout of First Choice Business Brokers to people who are looking to buy an existing business."“
““We were so fortunate to have been referred to First Choice Business Brokers. I had never dreamed that anyone would be interested in purchasing our 62 years old family business. When I told friends and business associates in our niche industry that we sold our business their responses were as if they were reading from a script: "You are so incredibly lucky, who the hell would buy a Rubber Stamp Company these days?!?" Lana and Adrianna performed extraordinary magic. Within a couple of weeks of listing our business we had 3 offers for our full asking price. Most of our dealings were with Lana. She was confident, positive and reassuring that everything was going to be alright and she delivered on that reassurance. FCBB were knowledgeable, top notch professionals in every aspect and at each juncture of this incredible transaction. This was a tough emotional process for me. I found Lana to be sincerely empathetic, patient and generous with her time to answer questions or to offer me a pep talk as needed. The successful sale of our business was no small fete. To us, it was like a, honest to goodness miracle. I am so very grateful that we had the good fortune of finding Lana & Adrianna. Their efforts made, what seemed like a dream, become a life changing reality.”“
If you're a business owner in Los Angeles, valuing your company is essential not just when you're looking to sell but also for other purposes.
Read MoreWhether you're in the tech industry, the arts, or something else entirely, there's a hidden gem in LA that's perfect for your business goals.
Read MoreFrom preparing your business for sale to negotiating the best deal, we'll take you through the entire process step-by-step
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First Choice Business Brokers, Los Angeles is a premium full-service business brokerage and M&A Advisory firm that focuses on providing our clients with NEXT LEVEL professional service. We handle the entire sales process which includes valuing businesses, confidentially marketing businesses, vetting buyers, managing buyer-seller meetings, preparing transaction paperwork as well as managing the escrow, landlord and financing processes to ensure a smooth transaction process.
First Choice Business Brokers, Los Angeles specializes in business sales across all industries with transaction sizes from approximately $50,000 to $50 million.
We are the most experienced and most trusted business brokers in Los Angeles and have helped hundreds of people just like you buy or sell a business in Southern California!
- Established National Company with 40+ Offices Across the U.S.
- Specialized in Business Sales and M&A Advisory
- Confidential Sales Process
- Proprietary & Comprehensive Contracts
- Access to Vast Buyer Networks
- Marketing Across Multiple Business Marketplace Channels
- Thorough Financial Analysis and Valuation
- Proven Track Record of Success
- Professional Service with Integrity
- Specialized Expertise and Transaction Experience
- Proprietary Technology and Customized CRM
- Proven Marketing Strategies and Automation
- Lower Threshold than an Investment Bank
- No Upfront Fees
We have sold hundreds of businesses across all industries including but not limited to:
Check out our available exclusive business listings !
Contact us today to speak to one of our Associates and learn more about buying or selling a business!
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COVID-19 UPDATE
First Choice Business Brokers Los Angeles (FCBBLA) will remain open and operating during the coming weeks, and we have implemented the Work From Home (WFH) Policy, as recommended by the health experts. Fortunately, most of our business can be done remotely via phone, email, and video and phone conferencing. As such, we encourage business owners and business buyers to continue to contact us and be prepared to continue their plans to sell or buy businesses.
If you are a business owner thinking of selling your business this year, take comfort in knowing that times like these bring stronger buyers to the market. Also, for those that experience job loss due to the pandemic, buying a business will now become a top consideration. This is a great time to start working with our brokers and agents to start getting listed and take advantage of the recovery immediately.
If you are a business buyer, we suggest that you continue to view businesses, perform research and diligence accordingly, and be ready to take advantage of more opportunities to come as a result of the uncertainty.
In the meantime, we want to encourage our business community, friends, and family to take the necessary precautions to stay healthy and safe.
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1) Less Risk Compared To Startups
Many people need help understanding the advantages of buying a business instead of starting from scratch. Buying a business is more accessible than starting a new one. And supported more readily by bankers and lenders who can determine the risk level of an existing business. You have the company's assets in place, including cash flow, contracts, equipment, inventory, and staff. Start-up requires the entrepreneur to carry the risk in the beginning.
2) Thriving Brand Name
Investing in a business gives you instant credibility, brand awareness, and the opportunity to use an established business name. Buying a company in Los Angeles is an excellent idea if you're starting or want to enter a niche market that doesn't have much competition. You get the goodwill of an established brand, making marketing much easier for your team.
3) Predictable Cash Flow
Buying a business is a safer way to invest, rather than starting from scratch with no idea where the money will come from to fund growth. Most companies will have a positive cash flow, which means they can pay out profits and provide regular dividends to shareholders. This is far better than borrowing or taking on external debt usually associated with startups.
4) Solid Financial Foundation
Financials are a considerable part of starting your own business, often overlooked. But the truth is that it can make or break your business and your motivation. It is a great idea to invest in an existing business. Putting your money and effort into a company in Los Angeles with a financial framework is much easier.
5) Trained Workforce
One of the best benefits of buying a business is leveraging existing relationships. Buying a business allows you to retain employees that have a vested interest in your success. You can save on hiring and training costs by purchasing a successful business. You can also scale up quickly when you have people who know their jobs.
6) Established Customer Base
Creating a customer base is vital for the survival of any business. Buying a business means taking over the customer base built and developed over the years. Customers need to feel optimistic about your business for success. And the good news is most of your existing customers will stick with you when you buy a business.
7) Mentorship
Starting a business can be overwhelming. An existing owner can help ease some of the burdens, by staying on for a period of time to mentor the incoming owner. Mentoring can take whatever form the seller and buyer agree upon and will be most helpful. It is important to identify the timeframe required as well. Maybe it is a consulting role or an active position with job responsibilities, or simply maintaining current customer relationships with warm handshakes and introductions to the new team. Mentorship is in the best interest of both parties, to ensure a win-win for all.
1) Reasons for Selling
The first and most obvious question from you as a buyer should be, "why is the seller selling it?" their answer can determine if you should invest in the business. You're looking for any red flags in the answers, like loss or legal troubles.
2) Company History
Any business you're buying in Los Angeles needs to have a good service history. Sometimes, sellers try to offload firms with a bad reputation on unsuspecting buyers. The best thing to do is research them online. It can give you valuable insights into the business.
3) Financials and Documentation
A big part of a business is how financially sound it is for a buyer. When looking to buy a business, you need to verify the financial documents of the brand and ensure they check out. Ensure you hire experienced third parties like FCBB to help you validate the documentation.
4) Rate of Returns
The simple law in business is that you should only invest in opportunities that are worth it. In business, it is all about the rate of returns on your investment. Businesses with low rates of returns can be a massive problem for you in the long run. You might not be able to fix them even with expertise.
5) Operational Costs
When you invest in a company, check operational costs and ensure that you can keep up with them. A large business might have high operating costs that can catch you unawares.
6) Outstanding Legal Issues
A business on sale might have legal issues—anything from tax liabilities to pending litigations. As a buyer, you're well within your right to ask and verify outstanding legal issues of the business.
What is a business evaluation, and is it mandatory?
A Business valuation determines the asking price, supported by metrics attractive to buyers. It is the central document in negotiation and is mandatory for a successful sale.
First Choice Business Brokers use a combination of successful methods developed over 40 years to complete an accurate valuation and position your company in the market. FCBB has a trusted reputation with many business owners in Los Angeles for their businesses' valuation and successful sales.
What are a few important tips to find the right business?
One of the most important things to do when buying a business is to ensure you have everything on hand, from marketing data to financials. Before signing off on a deal, take the time to review all the essential business stats. FCBB has access to professionals who audit your documentation to prevent issues later.
What is due diligence, and how do I go about it?
Due diligence means ensuring you get all the information you need to make an informed decision. A business owner should investigate financial statements, records, and customer reviews before they commit. It gives them enough information about the company's value before they proceed to the sale.
How much is my business worth?
The price of your business depends on two things - how profitable it is and how much buyers are willing to pay for it. It is impossible to put a precise figure on the value of your business. But a business broker can get as close to the accurate value as possible. If you're looking to sell your business in Los Angeles, FCBB can help. We have experts who can help you get the right price for your business.
How quickly do businesses sell?
Selling a business is unlike selling other things like a house or a car. There are many moving parts in a company, so it takes more time than other investments. And bigger businesses take a long time to sell. Contact a business broker who can provide an estimated time frame after they have asked you some basic questions. They can assist you by presenting your options and then helping with your decisions.
Will using a business broker help?
Yes, a business broker helps you;
● Optimize your business and prepare to sell,
● Complete the valuation,
● Find buyers, and
● Negotiate the price and terms to
● Close the sale.
They have access to the professionals you need to complete legal transactions and arrange to finance.