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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.

Wondering how your business will survive the Coronavirus?

While we expect a slowdown in most industries over the next few weeks, remember that the threat of the Coronavirus will not last forever. We do not recommend anyone to make any rash decisions that would divert your larger, longer terms plans of retirement, new ventures, and life goals. We encourage business sellers and buyers to utilize this time to prepare for the come-back.

We at First Choice Business Brokers Los Angeles understand the tough decisions ahead for most business owners as we face the global Coronavirus Pandemic. You may have asked yourself the following questions.

  1. How will my business fare during this Pandemic and in the months to follow?
  2. What do I do if I run out of money?
  3. Will I be able to keep my employees?
  4. Will the Pandemic push our economy into a recession?
  5. What are my options?

This is the time to seriously consider the sale of your business. The GOOD NEWS is that in times of economic hardship, savvy buyers flock to the markets. Buyers are ready, willing, and standing by for business acquisition opportunities NOW! 

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.