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..Brief
Background on the Owner and Founder.
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John (Ovanes) Mikaelian,
President, I.B.A, C.B.I and B.C.B. is a graduate of
the University of Bucharest, Romania, with a B.S.
in Accounting and Marketing. He has owned an operated
his own businesses between 1967 and 1979, at which
time he founded Venture Business Brokers, Ltd.
The firm is a member of the International Business
Brokers Association. In 1988, John took the necessary
course in business valuations through the Institute
of Business Appraisers. In 1989, through the International
Business Brokers Association, John completed all courses
to become a Certified Business Intermediary
and Board Certified Broker.
In
1990, John began developing customized Confidential
Business Profiles. Each profile is tailored for
a specific type of business and all are in the form
of templates. With such a tool in their possession,
brokers in the firm can represent a business owner
in a professional manner, and it allows them to do
a financial analysis of the business.
In
2003 John was asked to join a panel of industry experts.
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| .Background
on Venture Business Brokers, Ltd. |
Venture Business Brokers, Ltd.,
is an independent business brokerage firm and has
been established since 1979 by the owner and founder,
John Ovanes Mikaelian.
The company is considered to be one of the oldest
firms in the Chicago Metropolitan Area to handle
the valuation and sale of small to mid-sized privately
held businesses and companies. The company provides
the same professional services in the Western States,
with an office in Phoenix, Arizona.
John Mikaelian believes that a comprehensive
analysis of a business is the key to success.
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The
firm also provides Business Valuations only.
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| .Why
and when do you need to value your business? |
A
business should be evaluated every two to three years
due to climate changes in the marketplace. This will
allow a business owner to see when it is time to sell
and be prepared to sell. By taking the business valuation
to their accountant, the seller can be assisted in exiting
from his or her business with a minimum of capital gain.
Venture
Business Brokers, Ltd. also evaluates businesses for
partnerships where two or more partners cross insure
each other with life insurance policies, estates, banks,
financial institutions and divorce cases.
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Many business owners are not aware that
there are brokers who specialize in the
sale of businesses and they will use their
friendly neighborhood real estate broker. The broker
will agree to list the business, not having a clue on
how complex and involved a job he or she just took on.
As a result, eight out of ten businesses listed with
a neighborhood real estate broker do not sell, and the
broker is left with a dissatisfied client and the possibility
of losing out on sales in the future.
In recent years, we have found that neighborhood
real estate brokers will recommend that a professional
business brokerage firm handle the listing.
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The
process of buying or selling a business requires a dedicated
professional with specific credentials that they obtain
through the International Business Brokers Association
and the Institute of Business Appraisers, Inc.
Marketing and facilitating a business transfer is a
full time job! You deserve someone who is knowledgeable
and will work as hard as you do in your profession.
A qualified Business Broker will save buyers
and business owners money by helping them to
avoid costly mistakes, effectively marketing
the appeal of the seller's business and maximizing
exposure to serious, qualified buyers.
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At Venture Business Brokers, Ltd., helping you
is our goal!
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