Ron Kustek, President – LPR Service Business (Seller)

My name is Ron Kustek and I am the Founder and Seller of a Service Business in Los Angeles. I founded the company 13 years ago and decided for several reasons it was my time to sell.

I originally contacted a Business Broker that I found on-line. I listed my business with that individual and unfortunately not much happened. That contract expired and I then reached out to a good friend and asked if he knew of a good Business Broker. He gave me the name of someone in Orange County. I contacted that individual and for whatever reason they were not able to help me but said they could refer me to one of the top Business Brokers in the Los Angeles area by the name of Matt Coletta.

I was impressed that another Business Broker would recommend Matt so I contacted him and right off the bat I could tell that Matt was a professional. He spent a fair amount of time explaining how he manages the process and what I should expect. He also explained how we would be working together to prepare the business for sale. I developed a comfort level after these conversations and knew I was in good hands.

I hired Matt and we went to work on preparing the necessary information to create a detailed package on my business including a financial spreadsheet showing my historical cash flow and how we calculated it. Matt was diligent in making sure we articulated all the features and benefits in our package including a detailed list of my furniture, fixtures and equipment. Matt also made sure he had the latest and most up to date information including updated financials. This proved to be extremely valuable when we entered into the due diligence phase with the buyer.

Matt brought in several prospects until we reached an agreement with a great buyer that was a perfect fit. Matt worked with them to prepare an offer and once it was accepted we went thru the due diligence process which Matt help me prepare for. The process of preparing everything upfront with Matt was instrumental in having a smooth and efficient due diligence process.

Once the buyer approved the books and records, Matt prepared all the contracts and paperwork and we opened an escrow with a business escrow company. Matt then worked with the buyer and the landlord on the assignment of my lease which had some challenges. There was a lot to handle and manage. Matt seemed to always be one step ahead of things and did an excellent job to make sure things moved forward. I was also glad to see that Matt was always accessible or would get back to me quickly with any questions or concerns I had. He definitely earned his fee.

We have closed escrow and I am beginning the training period with the buyer. Once that is completed, I will be able to enter my next phase in life. I consider Matt a friend and I truly thank Matt for all his help and making this an enjoyable experience. I would definitely recommend Matt to anyone looking to sell their business.