Top M&A Entrepreneurs

What Business Brokers Really Think About First Time Buyers

Apr 3, 2025
Jeffrey Jump, a former Navy operations specialist turned business broker, shares invaluable insights for first-time buyers. He reveals why many buyers waste time and how to stand out. Learn the real game behind valuations and why tax returns trump fancy spreadsheets. Jump discusses the unique challenges of franchises, the secret sauce of seller financing, and hot markets like HVAC. He shares his painful journey during COVID and what he hopes buyers understand before diving in, offering a behind-the-scenes look that could save serious time and money.
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ANECDOTE

Jeffrey's Career Transformation

  • Jeffrey Jump shared his journey from Navy operations specialist to buying and selling printing companies successfully.
  • He transitioned into business brokerage after selling his businesses and overcoming challenges during COVID.
ADVICE

Require Proof of Funds Early

  • Always verify buyers with proof of funds before sharing detailed business information.
  • Avoid wasting time on buyers who aren’t financially qualified to purchase.
INSIGHT

Profit Drives Business Value

  • The best business to buy is simply a profitable one regardless of industry.
  • Profitability and how the owner runs the business determine its true value.
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