Thursday, March 11, 2010

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535 Broadhollow Rd., Suite B45
Melville, NY 11747
phone: 1-631-390-9650
fax: 1-866-515-6773
info@nybbinc.com


  

Featured Articles
Today's Business Buyer: A Profile

Today's independent business marketplace attracts a wide variety of buyers eager for a piece of ownership action. Buyers of small businesses are most likely replacing lost jobs or searching for a happier alternative to corporate life. Buyers of mid-sized and large operations are, typically, private investment companies seeking businesses to build and eventually sell for a profit.

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Buying a Franchise: What It's Worth to You

If you are considering entering the world of franchising, an important consideration is assessing the value of the business. All of the following factors either affect or help determine valuations of typical franchise operations.

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Rating Today's Business Buyers

Once the decision to sell has been made, the business owner should be aware of the variety of possible business buyers. Just as small business itself has become more sophisticated, the people interested in buying them have also become more divergent and complex.

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Today's Business Buyer

For a business to sell, there has to be a seller - and a buyer. The buyer of today is a bit different than the one of yesterday. Today's buyer is not a risk-taker, is concerned about the financials, and seems to be overly concerned about price. Unfortunately, buyers have to understand that they cannot buy someone else's financial statements.

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Why Do Deals Fall Apart?

In many cases, the buyer and seller reach a tentative agreement on the sale of the business, only to have it fall apart. There are reasons this happens, and, once understood, many of the worst deal-smashers can be avoided.

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What Do Buyers Really Want to Know?

Before answering the question, it makes sense to first ask why people want to be in business for themselves. What are their motives? There have been many surveys addressing this question. The words may be different, but the idea behind them and the order in which they are listed are almost always the same.

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Why Sell Your Company?

Selling one's business can be a traumatic and emotional event. In fact, "seller's remorse" is one of the major reasons that deals don't close.

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Selling a Business: How Long Does It Take?

Why does it take so long to sell a business?  Price and terms are the biggest reasons.

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12 Ways to Increase the Value of Your Company

Keep in mind that the best time to consider selling is when business is good, the business is running profitably, and many of the above “value-adders” are in place.

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Who Is the Buyer?

Buyers buy a business for many of the same reasons that sellers sell businesses. It is important that the buyer is as serious as the seller when it comes time to purchase a business.  Here are just a few of the reasons that buyers buy businesses:

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Anthony J. Citrolo CPA, CVA, CBI - Principal
anthony@nybbinc.com
phone: 1-631-390-9650

Anthony J. Citrolo, CPA, CVA, CBI is a principal of New York Business Brokerage, Inc. and is a Certified Public Accountant having more than 30 years of experience in small business operations and finance. For over 17 years, Anthony owned and operated many national franchised and independent businesses including a tax and accounting practice. After beginning his career as a CPA with Deloitte and Touché, an international accounting firm in New York, Anthony worked as an acquisitions specialist for several Fortune 100 companies where he developed and expanded both regional and national accounts. Anthony is a member of the American Institute of Certified Public Accountants (AICPA), the New York State Society of Certified Public Accountants (NYSSCPA), and the National Conference of CPA Practitioners (NCCPAP). He is also a Certified Valuation Analyst(CVA) and member of the National Association of Certified Valuation Analysts (NACVA) and is a Certified Business Intermediary (CBI) with the International Business Brokers Association. Anthony has been named an industry expert in franchise transactions by Business Brokers Press, Inc., a national publisher of educational content for brokers. He authored a course for prospective business owners, which has been offered in Queens College. Anthony attended Nazareth High School in Brooklyn and is a graduate of Baruch College in New York.


Tony Calvacca CBI - Principal
tony@nybbinc.com
phone: 1-631-390-9650
 

Tony Calvacca, CBI is a principal of New York Business Brokerage, Inc. and has over 25 years of experience in sales, marketing, and management. Prior to entering the business brokerage profession Tony served as Assistant Vice President in the Employee Benefits Division of Bank of America Corporate Insurance Agency, LLC a subsidiary of Bank of America. In this position, he worked directly with CEO's, CFO's and human resources executives in the financial analysis, strategic design, and implementation of their Medical, Dental, Life and Disability plans. Before joining Bank of America Corporate Insurance Agency, LLC, Tony was employed by Empire Blue Cross Blue Shield as an Account Manager. Working as a small business owner prior to entering the corporate world, he operated a wholesale/retail business for 10 years. It was during this period that Tony developed his entrepreneurial skills by establishing national advertising programs, researching and writing all of his company's marketing materials, and recruiting, training and managing a sales force. Tony is a Certified Business Intermediary (CBI) with the International Business Brokers Association and is active in the New York Association of Business Brokers (NYABB), currently serving as Executive Vice President. 


Alfonso Zamora - Senior Business Intermediary
alfonso@nybbinc.com
phone: 1-631-390-9650
 

Alfonso Zamora is a Senior Business Intermediary with New York Business Brokerage, Inc. Prior to joining the company, Alfonso was founder and managing partner of AAA Bookkeeping Solutions, a financial services firm that provided high quality, cost effective, back-office solutions for small business owners. Previously, Alfonso worked for Alliance Capital and Standard and Poor’s ComStock as an International Senior Accountant. In these positions, he was responsible for consolidating the financial operations in Australia, New Zealand, Hong Kong, Korea, Singapore and China. He also worked with the World Wrestling Federation and the iNDEMAND Pay-Per-View Network as an Accounting Manager, responsible for tracking and reporting the royalties of pay-per-view movies and live events for 30+ million households nationwide. He is a member of the International Business Brokers Association (IBBA) and the New York Association of Business Brokers (NYABB). Alfonso earned a Bachelor of Science Degree in Public Accounting from Fordham University.
 


Joseph A. Pisani - Senior Business Intermediary
joe@nybbinc.com
phone: 1-631-390-9650
 

Joseph A. Pisani is a Senior Business Intermediary with New York Business Brokerage, Inc. Joe has over 32 years experience in franchise business operations through his ownership and operation of five food franchises in the New York area. Joe's extensive knowledge of business operations makes him uniquely qualified to act as a business intermediary in the buy/sell market place. His many distinctions in the food franchise include being a member of the Franchise Advisory Board, Chairman of Co-Branding, and a member of the Board of Governors. Additionally he has conducted franchise educational seminars for the organization. Joe worked for the National Foundation for Teaching Entrepreneurship (NFTE), teaching public high school students how to set up and run their own business. Prior to becoming a business owner, Joe worked as an accountant for New York based CPA firm specializing in the corporate, small business and professional sectors. Joe's duties included preparing federal, state, and local tax returns, analyzing financial statements and representing clients under audit. Joe earned a Bachelors of Business Administrations from Pace University.


Kyle Griffith - Senior Business Intermediary
kyle@nybbinc.com
phone: 1-631-390-9650

Kyle Griffith is a Senior Business Intermediary with New York Business Brokerage, Inc. Kyle is an enthusiastic, highly motivated professional with over 10 years of diverse experience in various business operations. His background includes providing technical education & training programs to entrepreneurs, operation of several retail businesses, as well as managing operations for a family owned printing and shipping franchise. He has a solid background in sales and marketing and is highly skilled at designing and implementing successful social media marketing strategies for business owners to effectively brand and market their businesses online. Kyle is recognized as a “master connector” as demonstrated by his ability to quickly develop professional relationships with business owners of small to mid-sized privately held companies.


Giselle Francisco - Transaction Coordinator
giselle@nybbinc.com
phone: 1-631-390-9650
 

Giselle Francisco’s position as Transaction Coordinator requires that she actively maintain, enhance and trouble-shoot the day-to-day workflow of New York Business Brokerage Inc.’s entire internet-based systems. Giselle's technical role is multifaceted and involves posting new business listings on multiple high-volume internet sites, continuously processing buyer information into our contact management system and developing and implementing e-mail and direct mail programs utilizing our web-based marketing database. Giselle has an Associates Degree in Computer Information Systems from Briarcliff College in Bethpage, New York. In May 2007, Giselle completed her Bachelors Degree in Accounting from New York Institute of Technology in Old Westbury, New York.

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