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From business brokerage to mergers and acquisitions; we are the business sale specialist!

We are business owners, just like you!

From business brokerage to mergers and acquisitions; we are the business sale specialist!

National Reach, Local Expertise

Connecting Entrepreneurs with Opportunities Across North America

Why First Choice Business Brokers?

The World’s Authority in Business Sales

First Choice Business Brokers proudly adds Toledo Ohio to its nationwide network of elite business brokers.

Toledo Ohio's economy has always included many glass related companies. This reputation has garnered the city name “Glass City”. Toledo also offers several Fortune 500 companies. The primary advantage of Toledo is its location. About 40% of the nations population is within 500 miles. 

Owner and Broker Eric Iffland leads the office and speaks with professionals who wish to pursue a career in business brokerage.



While the office serves all viable and profitable main street businesses including retail, wholesale, trades, specialty services and professional services, Eric specializes in manufacturing, distribution, logistics, construction, trades, product, IT and technology businesses into the $millions. The office is conveniently located about 1 mile west of 23/475 and Central Avenue interchange. Our office covers Northwest Ohio and Southeast Michigan.

Why This is the Best time to Sell a Business

1. Economic Flux And Instability

The world markets have been volatile for the last few years, and things have been in turmoil. But in 2022, the economy is rebounding in a big way. The GDP is forecasted to return to normal, meaning big companies are looking to acquire smaller ones. This presents a great opportunity for you to sell your business.

2. Stockpiling Of Cash By Strategics

As the economy picks up, companies will start acquiring companies significantly. Fortune 500 companies and other strategic corporate buyers have been accruing cash through this time. There are trillions of dollars being saved by these companies. And these companies will primarily use all this cash for one purpose - acquiring other companies.

3. Risk Premiums Are Lower

Despite the profound effect the pandemic has had over the last few years, the market risk premiums are lower today than before. The Federal Reserve has worked to keep inflation low, making the market great for investors. This makes selling your business a much less risky option today.

4. Recession Survival

A huge number of companies in the US have shut down in the last few years. Another economic downturn might be coming, which might be tough to tide over. Also, the economic recovery is projected to be robust. If your company has survived and thrived, now is a good time to start thinking about selling your business.

5. Supply And Demand Issues

Businesses today have been plagued by supply and demand issues. This makes the market a difficult place to grow or move forward. As more companies continue to flood the market, things are only going to become more difficult. Selling your business at this juncture seems a great way to move on to something else.

6. Diversifying Is The Way To Go

More entrepreneurs today are opting to diversify their portfolios. In volatile times like these, diversification lowers risk and improves returns in the long run. As this process continues, these entrepreneurs are buying several companies. This is a great time to move on from your existing business.

Six Golden Rules of Selling a Business in Ohio

1. Make Your Proposition Attractive

To sell your business, the first thing you need to do is make an attractive business proposal. Highlighting how your business can help buyers achieve their goals is a huge part of the sales process. Remember to properly define the value of your business to potential sellers. It’s not just about the monetary value but the intangibles too.

2. Recognize Your Strengths (And Weaknesses)

Selling a business is about being aware of its strengths and how they contribute to a buyer’s portfolio. Here, you are setting up the stage for your business to succeed. By focusing on your business strengths, you position it in a better light and put yourself in a better position to gain the buyer’s confidence.

3. Understand Buyer Motivation

As a seller, you should know several things about your buyer. Find out what are the major drivers for the buying decision. It could be anything from growth, partnership, or diversification, just to name a few. Once you’ve understood that, creating a pitch for your business becomes easier.

4. Carry Out Thorough Due Diligence

The due diligence phase is perhaps one of the most important when selling a business. Detailed investigation of every aspect of your prospective buyers is mandatory. There might be unresolved issues that might affect you after the sale. This can include legal claims, customer problems, and environmental issues, just to name a few.

5. Work Out A Strong Negotiation Position

Negotiations are a critical part of the selling process. You need to be aware of how your business relates to the buyer. This is where you double-check on overly optimistic projections and forecasts. This can compromise your credibility leading to the buyer walking out. At the end of the day, the party that does well at the negotiation table walks away with the deal.

6. Turn To The Experts

Managing all this and a business can be hectic even for the most accomplished people. It is why you have the option of relying on experts like First Choice Business Brokers. We’ve been securing business sales for our clients in Ohio since 1994. We have experienced and certified people heading our office in Toledo.

Selling a Business - FAQs

1. How Easy Is Selling My Business In Ohio?

Selling your business is not as quick and easy as it was before. Several things can affect your business sale price. You also need to get the timing right, or the sale can be delayed forcing you to lower your price.

To alleviate all this, you could approach a business broker. They can help you sell your business quickly and easily. They also have a huge network of people who you can approach.

2. What Should I Do To Get The Highest Sale Price?

Getting the best sale price for your business can be challenging if you’re new to the process. You need to ensure that several things align. Here are a few of them -

●   Desirable business proposal

●   High profitability

●   Detailed legal documentation

●   No legal or environmental issues

●   Caters to buyer requirements

These aspects of business sales can sometimes become overwhelming for you. It is a great reason to hire an expert business broker like FCBB.

3. Can I Sell My Business On My Own?

Selling a business by yourself can take you considerable time and money. If you’ve done it several times before, you might be able to secure a lucrative deal. It might also be risky because you might not have the required network to give you the best price. But for a majority of the sellers, opting for a business broker is the best option they have.

A business broker can get your business the best price in the market and quickly. It enables you to move on to other things you’ve planned after selling your business.

4. How Long Does It Take To Sell A Business?

There is no definite answer to this as it depends on a huge number of factors. But even today, a business broker is the quickest way you can sell your business. A brokerage agency can take care of anything from a business proposal to financing. They are a powerful ally to you during the sales process.

5. How Can A Business Broker Help My Sale?

Business brokers help business owners and buyers in their dealings with other interested parties. A business broker thoroughly understands all aspects of the business, including the industry, the owner’s personal situation, and what the buyer wants. Business brokers provide advice, negotiate the terms of the sale, and assist with legal documentation.

6. What Can And Can’t Business Brokers Do For Me?

A business broker cannot help you sell a business if it is overpriced or your expectations from a sale are too high. They can get you the best deal, but you should understand that a market has limitations of its own. A business broker can give you great recommendations based on their experience with your business and the current market.

7. What Kind Of Buyers Will I Have Access To?

As a business owner, you might have a network of other business owners. While this is a good place to start, during a sale, you need a bigger circle to get the best rates. A business broker’s network is significantly larger and more diverse than yours. They can also put you through to investors and strategic acquisition companies who can buy your business.

8. Is Seller Financing Important To Sell My Business?

Like buyer financing, seller financing has become a vital part of this process. Studies have shown that, on average, sellers only get about 70% of their asking price during a sale. With proper financing, their average increases to 86%. This is another important reason you should opt for a professional business broker.

9. Are There Taxes Involved In Selling A Business?

Yes, taxes are levied on buying and selling a business. Business owners can reduce the percentage of taxes by treating their sales as capital gains. Getting in touch with a business broker can help you determine how to reduce your sales tax.

10. What Are Your Payment Terms?

As a professional business brokerage agency in Ohio, we do not have any initial fees. You pay us when your business sale is closed. We believe that is the right way to handle a business sale.

FCBB  Toledo, OH Privacy Policy

Introduction

This Privacy Policy outlines FCBB Utah (" we ", " our " or " the Company ") practices with respect to information collected from users who access our website at https://slc.fcbb.com (" Site "), or otherwise share personal information with us (collectively: " Users "). 

Grounds for data collection 

Processing of your personal information (meaning, any information which may potentially allow your identification with reasonable means; hereinafter " Personal Information ") is necessary for the performance of our contractual obligations towards you and providing you with our services, to protect our legitimate interests and for compliance with legal and financial regulatory obligations to which we are subject.

When you use the Site, you consent to the collection, storage, use, disclosure and other uses of your Personal Information as described in this Privacy Policy.

We encourage our Users to carefully read the Privacy Policy and use it to make informed decisions. 

What information we collect?

We collect two types of data and information from Users. 

The first type of information is un-identified and non-identifiable information pertaining to a User(s), which may be made available or gathered via your use of the Site (“ Non-personal Information ”). We are not aware of the identity of a User from which the Non-personal Information was collected. Non-personal Information which is being collected may include your aggregated usage information and technical information transmitted by your device, including certain software and hardware information (e.g. the type of browser and operating system your device uses, language preference, access time, etc.) in order to enhance the functionality of our Site. We may also collect information on your activity on the Site (e.g. pages viewed, online browsing, clicks, actions, etc.).

The second type of information Personal Information which is individually identifiable information, namely information that identifies an individual or may with reasonable effort identify an individual. Such information includes:

• Device Information: We collect Personal Information from your device. Such information includes geolocation data, IP address, unique identifiers (e.g. MAC address and UUID) and other information which relates to your activity through the Site.
  
• Registration information: When you register to our Site you will be asked to provide us certain details such as: full name; e-mail or physical address, and other information. 

How do we receive information about you?

We receive your Personal Information from various sources:

• When you voluntarily provide us your personal details in order to register on our Site;
• When you use or access our Site in connection with your use of our services;
• From third party providers, services and public registers (for example, traffic analytics vendors). 

What information we collect?

We do not rent, sell, or share Users’ information with third parties except as described in this Privacy Policy.

We may use the information for the following:

• Communicating with you – sending you notices regarding our services, providing you with technical information and responding to any customer service issue you may have;
  
• To communicate with you and to keep you informed of our latest updates and services;
  
• To serve you advertisements when you use our Site (see more under "Advertisements"); 
  
• To market our websites and products (see more under "Marketing"); 
  
• Conducting statistical and analytical purposes, intended to improve the Site.
  

In addition to the different uses listed above, we may transfer or disclose Personal Information to our subsidiaries, affiliated companies and subcontractors.

In addition to the purposes listed in this Privacy Policy, we may share Personal Information with our trusted third party providers, who may be located in different jurisdictions across the world, for any of the following purposes: 

• Hosting and operating our Site;
• Providing you with our services, including providing a personalized display of our Site;
• Storing and processing such information on our behalf; 
• Serving you with advertisements and assist us in evaluating the success of our advertising campaigns and help us retarget any of our users;
• Providing you with marketing offers and promotional materials related to our Site and services; 
• Performing research, technical diagnostics or analytics;

We may also disclose information if we have good faith to believe that disclosure of such information is helpful or reasonably necessary to: (i) comply with any applicable law, regulation, legal process or governmental request; (ii) enforce our policies (including our Agreement), including investigations of potential violations thereof; (iii) investigate, detect, prevent, or take action regarding illegal activities or other wrongdoing, suspected fraud or security issues; (iv) to establish or exercise our rights to defend against legal claims; (v) prevent harm to the rights, property or safety of us, our users, yourself or any third party; or (vi) for the purpose of collaborating with law enforcement agencies and/or in case we find it necessary in order to enforce intellectual property or other legal rights.

User Rights

You may request to: 

1. Receive confirmation as to whether or not personal information concerning you is being processed, and access your stored personal information, together with supplementary information. 
   
2. Receive a copy of personal information you directly volunteer to us in a structured, commonly used and machine-readable format. 
   
3. Request rectification of your personal information that is in our control.
   
4. Request erasure of your personal information. 
   
5. Object to the processing of personal information by us. 
6. Request to restrict processing of your personal information by us.
7. Lodge a complaint with a supervisory authority. 
   

However, please note that these rights are not absolute, and may be subject to our own legitimate interests and regulatory requirements. 

If you wish to exercise any of the aforementioned rights, or receive more information, please contact our Data Protection Officer (“DPO”) using the details provided below:

mike.lee@fcbb.com

435-800-4400

Retention

We will retain your personal information for as long as necessary to provide our services, and as necessary to comply with our legal obligations, resolve disputes, and enforce our policies. Retention periods will be determined taking into account the type of information that is collected and the purpose for which it is collected, bearing in mind the requirements applicable to the situation and the need to destroy outdated, unused information at the earliest reasonable time. Under applicable regulations, we will keep records containing client personal data, account opening documents, communications and anything else as required by applicable laws and regulations. 

We may rectify, replenish or remove incomplete or inaccurate information, at any time and at our own discretion.

Cookies

We and our trusted partners use cookies and other technologies in our related services, including when you visit our Site or access our services. 

A "cookie" is a small piece of information that a website assign to your device while you are viewing a website. Cookies are very helpful and can be used for various different purposes. These purposes include allowing you to navigate between pages efficiently, enable automatic activation of certain features, remembering your preferences and making the interaction between you and our Services quicker and easier. Cookies are also used to help ensure that the advertisements you see are relevant to you and your interests and to compile statistical data on your use of our Services. 

The Site uses the following types of cookies:

a. 'session cookies' which are stored only temporarily during a browsing session in order to allow normal use of the system and are deleted from your device when the browser is closed; 

b. 'persistent cookies ' which are read only by the Site, saved on your computer for a fixed period and are not deleted when the browser is closed. Such cookies are used where we need to know who you are for repeat visits, for example to allow us to store your preferences for the next sign-in; 

c. 'third party cookies' which are set by other online services who run content on the page you are viewing, for example by third party analytics companies who monitor and analyze our web access.

Cookies do not contain any information that personally identifies you, but Personal Information that we store about you may be linked, by us, to the information stored in and obtained from cookies. You may remove the cookies by following the instructions of your device preferences; however, if you choose to disable cookies, some features of our Site may not operate properly and your online experience may be limited.

We also use a tool called “Google Analytics” to collect information about your use of the Site. Google Analytics collects information such as how often users access the Site, what pages they visit when they do so, etc. We use the information we get from Google Analytics only to improve our Site and services. Google Analytics collects the IP address assigned to you on the date you visit sites, rather than your name or other identifying information. We do not combine the information collected through the use of Google Analytics with personally identifiable information. Google’s ability to use and share information collected by Google Analytics about your visits to this Site is restricted by the Google Analytics Terms of Use and the Google Privacy Policy.

Third party collection of information

Our policy only addresses the use and disclosure of information we collect from you. To the extent you disclose your information to other parties or sites throughout the internet, different rules may apply to their use or disclosure of the information you disclose to them. Accordingly, we encourage you to read the terms and conditions and privacy policy of each third party that you choose to disclose information to. 

This Privacy Policy does not apply to the practices of companies that we do not own or control, or to individuals whom we do not employ or manage, including any of the third parties which we may disclose information as set forth in this Privacy Policy. 

How do we safeguard your information?

We take great care in implementing and maintaining the security of the Site and your information. Although we take reasonable steps to safeguard information, we cannot be responsible for the acts of those who gain unauthorized access or abuse our Site, and we make no warranty, express, implied or otherwise, that we will prevent such access.

Transfer of data outside the EEA 

Please note that some data recipients may be located outside the EEA. In such cases we will transfer your data only to such countries as approved by the European Commission as providing adequate level of data protection, or enter into legal agreements ensuring an adequate level of data protection.

Advertisements

We may use a third-party advertising technology to serve advertisements when you access the Site. This technology uses your information with regards to your use of the Services to serve advertisements to you (e.g., by placing third-party cookies on your web browser). 

You may opt-out of many third-party ad networks, including those operated by members of the Network Advertising Initiative ("NAI") and the Digital Advertising Alliance ("DAA"). For more information about this practice by NAI and DAA members, and your choices regarding having this information used by these companies, including how to opt-out of third-party ad networks operated by NAI and DAA members, please visit their respective websites: http://optout.networkadvertising.org/#!/ and http://optout.aboutads.info/#!/ .

Marketing

We may use your Personal Information, such as your name, email address, telephone number, etc. ourselves or by using our third party subcontractors for the purpose of providing you with promotional materials, concerning our services, which we believe may interest you. 

Out of respect to your right to privacy we provide you within such marketing materials with means to decline receiving further marketing offers from us. If you unsubscribe we will remove your email address or telephone number from our marketing distribution lists. 

Please note that even if you have unsubscribed from receiving marketing emails from us, we may send you other types of important e-mail communications without offering you the opportunity to opt out of receiving them. These may include customer service announcements or administrative notices.

Corporate transaction

We may share information in the event of a corporate transaction (e.g. sale of a substantial part of our business, merger, consolidation or asset sale). In the event of the above, the transferee or acquiring company will assume the rights and obligations as described in this Privacy Policy.

Minors

We understand the importance of protecting children’s privacy, especially in an online environment. The Site is not designed for or directed at children. Under no circumstances shall we allow use of our services by minors without prior consent or authorization by a parent or legal guardian. We do not knowingly collect Personal Information from minors. If a parent or guardian becomes aware that his or her child has provided us with Personal Information without their consent, he or she should contact us at mike.lee@fcbb.com.

Updates or amendments to this Privacy Policy

We reserve the right to periodically amend or revise the Privacy Policy; material changes will be effective immediately upon the display of the revised Privacy policy. The last revision will be reflected in the "Last modified" section. Your continued use of the Platform, following the notification of such amendments on our website, constitutes your acknowledgment and consent of such amendments to the Privacy Policy and your agreement to be bound by the terms of such amendments.

Opt-in is not shared with 3rd parties.

No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All other use case categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.

How to contact us

If you have any general questions about the Site or the information we collect about you and how we use it, you can contact us at:

FCBB Toledo, OH

mike.lee@fcbb.com

435-800-4400

Last Modified December 07, 2023.