Options to Buy And Sell Business in Houston | Truview Business
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Buying & Selling Your Business Houston
If you live in Houston and are looking for a business listing or business for sale, you’ve come to the right place. Texas is the Lone Star State and is famous for heatwaves, oil, and George W. Bush. However, Texas is also a decent place to start a business. In particular, the ground of Houston is quite fertile when it comes to opening up small businesses.
So, if you’re living in Houston and looking to initiate a business that will run for years to come, there are plenty of options to choose from both small and big.
Here are some cool ones you can tap into:
Online Marketing
A lot of businesses are now realizing the need for online marketing strategies. These strategies comprise social media marketing, content marketing, etc. In fact, Houston businesses are also willing to establish their brands in Houston and beyond by using such strategies. So, the demand for local SEOs, social media marketers, online marketing strategists, and other professionals has been surging. Therefore, setting up your own online marketing agency may be an excellent option for you, especially if you’ve good knowledge of this field.
Artsy Boutique
Artsy clothing is something that a lot of people in Houston prefer. So, the demand for these special wears is substantial. By starting a business that sells clothing for children, men, and women along with accessories like cufflinks, ties, and jewelry designed by artists, you make plenty of money. You can also include custom-designed pieces in your offerings.
Real Estate
Buy business in Houston without any hesitation. Why? Because the demand for every type of property in Houston is great. Specifically, property leasing and real estate development are quite lucrative. So, if you have both the know-how and the startup capital required to venture into this business, you’ll be made within a short period.
Chocolate Store
The addiction to chocolates is not match able in Houston. So, chocolate sales alone can make you a lot of money in Houston. You can open a store that provides everything from chocolate pizza to chocolate-dipped fruit to chocolate truffles. By turning them into various shapes like cars, animals, computers, etc., you can make them even more compelling.
Pet Care
Numerous residents in Houston have dogs and other pets. So, the demand for pet care services is undoubtedly huge. If you adore animals and can take good care of them, starting a pet care business is advisable. You can start a pet food processing business, a boarding facility for pets, a pet-sitting service, and a lot more. You’re sure to make good cash irrespective of the aspect of pet care you decide to venture into. Already own this business? Call TruView Business Advisors if you’re interested in selling your pet care business in Houston.
Car Wash Service
Many people in Houston own cars, which means the demand for car wash services is already huge. Who doesn’t like to cruise around in a shiny car? Well, that’s why car owners won’t hesitate to pay you for a car wash service. This is a great business opportunity for you if you like getting your hands dirty. However, you can also appoint someone else to do the dirty work for you and keep your commission.
Laundry Service
If you’re searching for a lucrative business that doesn’t require much expertise or startup cost, this is it. All you need to do is collect the required equipment and find a good location. Spread the word of your business all across the neighborhood of Houston, and you’ll soon have clients coming to your osmosis – provided you offer top-notch services.
Copy-writing Service
With the growing use of the internet for income generation and business promotion comes a booming demand for online copy-writing services. There are numerous businesses and individuals in Houston who are setting up new blogs and websites frequently for a plethora of purposes. So, by offering web content like social media updates, eBooks, press releases, articles, blog posts, and so on, you can make a lot of cash!
Whether you’re looking to buy a business in Houston or interested in selling your business in Houston, TruView Business Advisors is here to assist. Give us a call now if you’re in Houston and search for a business listing or business for sale.
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Best Real Estate Advisors in Houston
Looking for the best real estate business advisors in Houston? Here’s our handpicked list of the best brokers you can find in Houston:
Jason Ward
Jason Ward has more than 20 years of business experience, spread over a large number of companies and different industries. These include oil and gas, dealer services, gas stations, construction, manufacturing, private schools, e-commerce, convenience stores, distribution, public accounting, etc.
With the first-hand experience from the buying side, Jason Ward is a discreet Houston business broker. From consultant to internal auditor to external auditor to the controller to CFO, Jason has been called numerous things in his career with billion-dollar corporations and startup companies alike.
Jason completed his Bachelor’s from the University of Connecticut in accounting and completed his Master’s degree from the University of Hartford. He’s a CPA, an ABI (or Accredited Business Intermediary), and an active member of three firms: ABBA (American Business Brokers Association), TABB (Texas Association of Business Brokers), and IBBA (International Business Brokers).
Alfonso Parodi
Alfonso Parodi is the Parodi Team’s realtor, representing clients in Houston, Texas. With over ten years of experience, he specializes in both single and multi-family residential sales, vacation homes, foreclosures, and relocation services.
Alfonso Parodi earned his Bachelor’s degree in Business Administration and uses his communication, marketing, and knowledge of area communities to assist buyers in finding the right neighborhood and of course the right home.
Ces Guerra
Being a realtor with the Guerra Group for the Tanglewood Luxury Real Estate, Ces Guerra assists buyers and sellers in Houston, Texas.
He has over six years of experience and specializes in single and multi-family, luxury residential properties in the River Oaks, Tanglewood, and Memorial neighborhoods. Ces Guerra is also an accredited buyer and seller’s representative specialist.
Charlie Kriegel
Charlie Kriegel is the founder and realtor of Winhill Advisors, who assists buyers and sellers in Houston, Texas. Being one of the leading real estate business advisors in Houston, he specializes in condo sales, townhouses, and luxury residential houses for current and new homeowners looking to move up.
Charlie Kriegel also deals with relocation, property management, investment properties, short sales, and foreclosures. He helps his clients from the first listing and pre-market preparations for sellers to closing paperwork.
Christy Buck
Christy Buck has over 19 years of experience in assisting real estate buyers and sellers in the area of Houston, Texas. She is currently a realtor at Infinity Real Estate’ Christy Buck Team and an accredited buyer’s specialist as well as a certified luxury home specialist who speaks both Spanish and English.
Christy Buck also focuses on investment properties, first-time home buyers, and new construction. She works with a large staff who deals with all steps, from financing to closing.
David Edgerton
David Edgerton is a representative of buyers and sellers throughout Houston, Texas, and is a realtor for Edgerton Real Estate with All City Real Estate.
He specializes in property management, investment properties, and residential homes, and offers business development, local market forecasting, marketing strategies, and real estate financing services.
He has a Bachelor’s degree in Business Administration and uses experience, education, and contract negotiation skills to assist first-time home buyers and sellers.
Ige Johnson
With over 13 years of experience handling real estate transactions throughout the Houston, Texas area, she is a renowned Houston business broker for RE/MAX Generation.
She’s an accredited home specialist who also focuses on relocation, real estate development, short sales, and foreclosures. Ige Johnson is a senior real estate specialist, a certified negotiations expert, and an accredited buyer’s representative.
She works with a complete team, who offer VIP and concierge real estate services.
James Krueger
Representing buyers and sellers in the Houston, Texas area, James Krueger is a broker and Krueger Real Estate, owner. His expertise lies in rental properties, relocation, short sales, and foreclosures in the Tomball, Sugar Land, Spring, Missouri City, Richmond, Houston, Katy, Cypress, and Bellaire areas. James Krueger works with a full-fledged team that handles home staging, marketing, and relocation services to offer his full attention to his clients.
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Best Financial Consultant of Houston
TruView Business Advisors
Drawing more than 20 years of financial management experience, TruView Business Advisors span numerous companies and industries of every size. The founder of TruView has a proven track record of implementing cost savings and driving process improvements. Having some of the best business consultants in Houston, TruView offers you a custom strategy for success, a rapid success marketing plan, 6,600 referral partners, strict confidentiality, integrity, and certified and trained business consultants. Certainly, TruView is the best financial consultancy in Houston. However, we’ve got some more options for you. Read on to find out more.
Avalon Investment & Advisory
Avalon Investment & Advisory was founded in 2001 and is owned by individuals and outside entities, including the Cynosure Group, an investment service based in Salt Lake City, Utah. No one outside investors or individuals owns more than 1/4th of Avalon Investment & Advisory. Although it is based in Texas, Avalon Investment & Advisory serves customers worldwide. This business consulting firm operates in Houston and has a second branch in San Antonio.
Linscomb & Williams
Founded roughly 50 years ago, this firm mostly consists of accountants and attorneys. As a result of acquisitions, the financial advisor firm became a wholly-owned subsidiary of Cadence Bank, N.A. Linscomb& Williams operates as a principal offering in the wealth management division of Cadence Bank. While the firm may refer clients to cadence, it doesn’t receive Cadence payments if it does so.
To determine how it’ll allocate assets in client portfolios, the firm states that advisors formulate a recommended investment policy, which considers the liquidity needs, return goals, risk tolerance, and any other special circumstances of the client. The firm mainly uses bonds, stocks, and cash equivalents.
USCA RIA, LLC
Founded in 2010, USCA RIA, LLC, is a wholly-owned subsidiary of the U.S. Capital Advisors LLC, which is an integrated Houston accounting service that also owns USCA Management, LLC, USCA Asset Management, and USCA Securities. Some USCA RIA advisors are also registered with USCA Securities LLC, a registered broker-dealer.
Paul Comstock Partners
Paul Comstock founded Paul Comstock Partners in 1983, who is still the minority owner and director of the firm. Today, the ownership of the firm is under Alison Comstock Moss.
Paul Comstock Partners offers CIO (or chief investment officer)-structured investment advisory services. According to the firm, these Houston accounting services emphasize a strong working relationship with clearly-defined risk levels, cash flow requirements, and goals. The firm says it strives to prioritize its fiduciary duty to clients, along with sensitivity to costs.
The firm makes use of active investment analytics to come up with an investment plan that considers the
acumen of a client. It recommends a diversified portfolio of bonds and stocks and, based on the preferences and the client’s needs may also suggest alternative investments.
Americana Partners
Recently founded in 2019, Americana Partners is a young firm. Currently, it’s under the principal ownership of Jason Fertitta, who is the president. Altogether, the firm’s advisory staff boasts over 100 years of experience in the wealth management industry. The firm has secondary office locations in Dallas and Austin.
At Americana Partners, the team of advisors consists of two CFPs (or certified financial planners), one CFA (or chartered financial analyst), and one CIMA (certified investment management analyst). Here, you’ll find some of the best business consultants in Houston.
Chilton Capital Management, LLC
This firm has been in business since 1996. Over the years, Chilton Capital Management has combined with a lot of different firms. Most recently, an investment advisory and financial consultancy operation in Houston by the name of Texan Capital Management was acquired by Chilton. The majority of the shareholder of Chilton is Knapp brothers, LLC. The employees own leftover shares.
Almost every service of Chilton revolves around investment management, which it offers as either a discretionary or non-discretionary service. However, if you need financial planning tools, the firm’s proprietary Wealth ePath software can assist you in coming up with a goal plan based on your current liabilities and assets.
Corda Investment Management, LLC
This business consulting firm in Houston was founded in 1999. The CIO (or chief investment officer) and president of the firm, Bonner C. Barnes, is the majority owner. He has served the financial management industry for more than 35 years. Corda Investment Management LLC has three AIFs (or accredited investment fiduciaries) and two CFPs (or certified financial planners) on staff.
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Unraveling the Seller’s Predicament
Selling a business isn’t always 100% about the price. It is not like selling a house where typically the most important factor is who places the highest offer. In the end, if the seller is to achieve the most optimal results, there are other variables that should be considered.
The idea of selling to a competitor is one that seems attractive to many business owners. After all, a competitor has the built-in advantage of understanding the business and thus can theoretically understand the value of the business better than an outsider. But while this point is quite valid, selling to a competitor comes with its own problems. Selling means disclosing a great deal of confidential information, and that could prove to be very risky if the deal were to fall apart.
A second avenue that sellers will often explore is selling to a financial buyer. A financial buyer is likely not to be a competitor. But on the downside, a financial buyer may be unwilling to pay the seller’s price. It is important to remember that a financial buyer is considering buying the business with the intention of selling it for a profit within a few years.
The highest selling price may come from a strategic acquirer. But this doesn’t necessarily mean selling to a strategic acquirer is the most prudent course of action for a seller. A strategic acquirer may not have the best interests of the company at heart. When a strategic acquirer takes ownership, key employees and management may be replaced. The company may even be moved. Many owners are unprepared for the shock that may come along with a strategic acquisition.
There are other potential buyers, many of whom are frequently overlooked, who may be the optimal fit for a given business. It is possible that the best buyer for a company could be one of its employees. However, this option comes with risks as well. Key employees and management may leave if the deal falls through, as they now know that the company is for sale.
Finding overlooked buyers is what business brokers do best. Matching the right buyer with the right business is both a science and an art. Teaming with the right business broker or M&A advisor can open up a range of new avenues and help a seller reach the kind of buyer that is as close as possible to the perfect fit.
Copyright: Business Brokerage Press, Inc.
The post Unraveling the Seller’s Predicament appeared first on Deal Studio – Automate, accelerate and elevate your deal making.
Buying a Distressed Business
It is safe to state that Howard Brownstein, President of The Brownstein Corporation, is a true expert in providing turnaround management and advisory services to companies, as well as their stakeholders. Brownstein serves as an independent corporate board member for both publicly held as well as privately-owned companies and nonprofits. During his career, he has been named a Board Leadership Fellow by the National Association of Corporate Directors (NACD) and served as Board Chair and President of its Philadelphia Chapter. He also serves as Vice Chair of the ABA Corporate Governance Committee and has been named a Fellow of the American Bar Foundation. He has been a speaker at many of the world’s top universities including Harvard Business School and Wharton. Brownstein received his J.D. and M.B.A. degrees from the University of Pennsylvania.
Mr. Brownstein is considered to be one of the world’s top experts in distressed businesses. He believes it is essential to remember that not all distressed businesses are, in fact, the same. There is simply no way to know how bad things are for a given distressed business until one begins to “look under the hood,” and get a full view of what problems may lurk underneath.
Brownstein firmly believes that distressed businesses can represent a real and often overlooked opportunity for buyers. The recent economic downturn brought about by COVID-19 means that there will likely be a great deal more distressed businesses on the market in the coming months or even in the next couple of years.
Why is a Given Business Distressed?
Before you consider purchasing a distressed business, you absolutely must understand the core reasons for the distresses. Without a proper and detailed understanding of why the business entered a state of distress in the first place, it is impossible to clearly articulate why the business will potentially be valuable in the future. It is essential to be able to convey “what went wrong” and how the problems can be fixed.
Brownstein points out that while there are many reasons for a business to enter distress, two symptoms top the list. The first is cash flow issues and the second issue relates to management. Often it turns out that the management was simply not rigorous enough. He also notes that companies will tend to gravitate to external issues as a way to explain away their failure.
Of course, no two distressed businesses are failing from 100% identical causes. Brownstein suggests a series of questions that you need to ask when you begin exploring a distressed business.
- What is the business’ potential value?
- Is there something of value under the problems?
- Under better or different circumstances, could the business be viable?
These are all questions that your business broker or M&A advisor can assist with. It’s important to gain a clear understanding of the business’ past, present and future.
Copyright: Business Brokerage Press, Inc.
The post Buying a Distressed Business appeared first on Deal Studio – Automate, accelerate and elevate your deal making.
