Any Commerical agents out there?

[Monterey298sc]

I am retiring and closing my business and selling my 2 commercial building, central Ohio . How is the market now, and predictions for the near future. What is best way to find a good agent? Thanks

[Sunset]

Maybe it's possible to sell your business and the 2 buildings.

Some business's sell for a lot of money, have you considered how much the business is worth ?

[38Chevy454]

All I can suggest is you do need to talk with some commercial real estate professionals. They will understand what you have and what the possibilities are.


Also agree with Sunset, is there any value in the business itself? Would a buyer be interested in a deal including the buildings?

[Monterey298sc]

Quote:

Originally Posted by Sunset Maybe it's possible to sell your business and the 2 buildings. Some business's sell for a lot of money, have you considered how much the business is worth ?

Not possible in this case. I don’t want to ruin our families 138 year legacy buy selling to a big chain with our name on it.
I want to close on top! And not have my name run thru the mud in up coming years.

[Sunset]

Quote:

Originally Posted by Monterey298sc Not possible in this case. I don’t want to ruin our families 138 year legacy buy selling to a big chain with our name on it. I want to close on top! And not have my name run thru the mud in up coming years.

Phone Warren.

I have no idea what your business is worth, but if I had a business worth a sizable amount, I'd sell it for the $$$.

A lot of good can be done with a pile of cash.

Plus I've always had this quality of knowing the value of my pride vs the false inflated value of pride.

Finally, if you don't sell it, but simply close up shop. Anybody can go ahead and use the name, or something incredibly similar, along with websites and social media accounts, and similar trademarks. Knowing that since your company is not in business, nobody will defend the usage against some other even foreign usage. So if it's a recognizable name, it will be used no matter what you do, unless you stay in the business of defending the name year after year.

[gauss]

Why not change the name of the business and then sell it? Your customers would not instantly disappear would they?

Oh wait. Is this the funeral home business that was discussed here in the past? if so, no need to rehash that thread.

-gauss

[chassis]

Quote:

Originally Posted by Monterey298sc I am retiring and closing my business and selling my 2 commercial building, central Ohio . How is the market now, and predictions for the near future. What is best way to find a good agent? Thanks

I can refer you to a commercial real estate broker, call or text 610-427-3949 if you would like to discuss further. Name is BJ.

[pb4uski]

Quote:

Originally Posted by Monterey298sc Not possible in this case. I don’t want to ruin our families 138 year legacy buy selling to a big chain with our name on it. I want to close on top! And not have my name run thru the mud in up coming years.

Many years ago my uncle sold a popular local budget hotel that he had built and run for a number of years that had a name that began with his surname... "Surname Inn".

Part of the deal was that the buyers could continue to use the name as long as the property maintained a 3-diamond AAA rating but if the AAA rating was ever less than 3-diamonds then they had to change the name. Sure enough, about 5 years after the sale the AAA rating was downgraded and the owners were forced to change the name.

Did I mention that my uncle is a pretty sharp dude?

Or you could sell it but retain the name so the buyers have to rename it which would disassociate your name from the business.

[Monterey298sc]

Thanks, but I just want to know what the Commerical market is currently form an expert. I know what I am doing with the business.

[chassis]

@Monterey298sc, any update? Have you connected with an expert commercial real estate broker?