David Cox, President – Purple P 3D (Seller)

My name is David Cox and I am the Owner and Seller of a company that markets, sells and services high-end 3-D printing systems and supplies. After growing my company to a multi-million dollar business, I decided it was time to sell. I researched what was involved in selling a business and quickly learned there was a lot involved in the process and I would need a professional Business Broker to represent me. I researched and contacted several Business Brokers and finally came across Matt Coletta. I quickly determined that Matt was a cut above the other Business Brokers I spoke with. I was impressed with his knowledge and expertise as well as his success in closing transactions. We had several conversations where he addressed all my questions and educated me on the process of selling a business in today’s environment. I knew I was in good hands so I hired Matt to represent me.

Matt helped me prepare my business for sale. He created an extensive financial analysis showing the true cash flow of my business, which was updated every month. This became crucial when it came time to completing the due diligence process. Matt then prepared an impressive package in conjunction with the financial analysis and we went to market. Within a short period of time, Matt had an interested party who wanted to see the business. After signing a NDA, vetting him and providing him the detailed package we set up a meeting. Matt worked with the buyer for a few weeks addressing questions and various scenarios. I was impressed with how much Matt knew about my business. Shortly after that, Matt presented a letter of intent from the buyer. Once we came to terms we began the due diligence process. This was a time consuming process but the upfront work I did with Matt made it more efficient which was important since I still had a company to operate.

Once due diligence was completed we began the tedious process of completing a purchase agreement. Matt worked with both attorneys to finalize all the agreements and exhibits. We then opened escrow and Matt assisted the buyer’s SBA lender with all their requirements. After more than 3 months of work to prepare the business for sale and another 7 months from when we first met the buyer we have finally closed the transaction in late 2014.

I without a doubt under estimated the process of selling my business. I was thankful to have Matt represent me to make sure everything was handled correctly and so that I could focus on running my business. Matt’s knowledge and experience was key in the successful sale of my business. I would absolutely recommend Matt to anyone looking to sell their business.