Tim Foster, President -Specialized Testing Lab (Seller)

January 30, 2017

My name is Tim Foster and I am the founder of a Material Testing Lab in Los Angeles. I founded the company over 25 years ago and decided that it was my time to sell. I reached out to a very good friend of mine and shared my desire to sell my Business. He said he had a great experience and was impressed with a Business Broker he dealt with a few years back and recommended that I contact Matt Coletta. I had several meetings with Matt and I was also impressed with his experience and knowledge. He seemed to be active and had recently closed several deals which I put a lot of weight on given the challenging economic environment we face. Matt put together a detailed package on my business including the company financial history, cash flow analysis, features and benefits, industry information, etc. etc. We established the parameters the buyer would need to have in order to receive a package and then went to market. Matt put together a number of qualified prospective buyers.

Ultimately, Matt came up with what I think was a perfect match and fit for my company and I ended up selling my business to that individual. I think the most remarkable thing about this 11 month process was Matt’s attention to detail. He was there for every question I had and he really made the process more comfortable for me. The details and complexity of this process was somewhat overwhelming and I had underestimated what was involved. Matt managed the entire process efficiently including assisting the buyer with obtaining SBA finance, to dealing with the landlord and escrow requirements plus so much more. I’m not sure I could have managed all that and continued to run my successful business. I am very thankful to Matt and I look forward to my retirement. I would highly recommend Matt to anyone looking for a professional Business Broker to sell their business.

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Matt Coletta, CBB, CBI, is a Certified Business Broker and a Certified Business Intermediary with over 25 years of experience in successfully representing Business Sellers and Buyers in various industries. Matt is a Los Angeles Business Broker and represents Business Owners and Businesses for Sale throughout Southern California including: Los Angeles County, Orange County, Ventura County, West Los Angeles, City of Industry, Downtown Los Angele, Gardena, Whittier, San Gabriel, Upland, South Bay, Torrance, Newport Beach, Irvine, Brea, Anaheim, Long Beach, San Fernando Valley, Woodland Hills, Chatsworth, Sherman Oaks, North Hollywood, Northridge, Van Nuys, Burbank, Glendale, Pasadena, Sun Valley, Valencia, Santa Clarita, Palmdale, Ventura, Camarillo, Oxnard, Thousand Oaks, Simi Valley and other cities in the greater Southern California area.