MBA BUSINESS BROKERAGE – TESTIMONIALS

WE ARE PROUD TO RELY ON A NETWORK OF REFERRALS FROM ALL TYPES OF INDIVIDUALS AND ORGANIZATIONS.

 

Having owned the second-largest Ohio Winery for the past five years, I made the decision to sell because the competition was relentless. Having worked with Peter Vadas, the owner of M. B. A. Realty, in the past, I knew he had the qualifications to get the job done. He advertised in the Wall Street Journal, but we ended up selling to the major wine producer in Ohio, Paramount Distillers. He was a consummate negotiator and did an excellent job; I was very pleased. Shortly after that, we started the remodeling of the restaurant, and it sold shortly after.

"Mr. Vadas knows all the ins and outs of doing complex deals. He is a man of integrity and character with strong moral values and ethics. I highly recommend Peter Vadas for whatever you need sold, whether it is real estate or business."
Art D. McGlaughlin

This letter is to recommend Peter Vadas, Broker for MBA Business Brokerage, Inc. to anyone considering selling their business.

My husband Lanny and I built our grocery store over a period of 17 years. When we decided it was time to retire, we did our research and found Peter Vadas on the Ohio Business Brokers Association website. We gave him the listing on April 5, 2011, and closed a deal with buyers from Illinois and Georgia in February, 2012.

Peter suggested we get a third party appraisal of the business, and we did as he suggested. We gave him all of the information he requested so that he could put together a package that he used for selling our business. Peter did an exceptional job in looking out for our best interests, and seems very protective of his clients. Case in point: Three buyers cam from out of town together; one buyer cornered me and was asking me questions rather rudely. As soon as Peter overheard what was going on, he jumped in front of me and told the prospective buyer this meeting was over. "Thank you for coming, but this is not the business that we are going to sell to you." Peter brought multiple buyers, many from out of state, buyers most people don't have access to. Peter seems well connected and seems to have a very good reputation.

I would tell anyone thinking of selling their business that you need a broker with experience in dealing with buyers, the expertise to qualify the buyers, and the connections to be able to get financing for closing a deal.

Peter said he was like a movie director. If you do all the things that he suggests and use him as the conduit that all information flows through, making sure that he is aware of every detail that he needs to pay attention to, you will be successful in selling your business at the highest and best price. Peter told us he would get us the price we wanted for the business; after we received the third party appraisal, he made good on his promise and we received a cash deal.

Peter qualifies the buyers to make sure they have the cash flow to buy the business, so we did not waste time with unqualified buyers. He seems to have formed relationships with many lenders. He seems to know what the lender is looking for.

Without his knowledge we could not have accomplished selling our business and getting a cash deal as quickly as we did. We truly appreciate the effort that he puts into putting a clean deal together.

FROM LINDA MACHALICEK, FORMER OWNER OF LYNDA'S SALON AND SPA FROM BERNARD COSN, PRESIDENT OF THE ELECTRONIC BRAIN

MICHAEL J. MELVIN JR., FORMER OWNER OF MULDOON'S PIZZA & SUB SHOP

 

I have been the owner of Danny Boy Tavern for the past 15 years. It has been a very profitable business venture, but it was time to move on. When Peter Vadas called me to tell me that he had some prospects for my business, I thought to myself, who needs a broker, after all I have sold 4 homes; I can do this for myself and save the commission. So I put him off for a good 6 months and found a buyer that made me an offer.

After spending considerable time not getting anywhere with that buyer, I called Mr. Vadas who promptly went to work on July 24, 1997. I can't tell you how happy I am that I made that call. He took charge and put a deal together that was 25o% better than the deal that I had been working on. He did all the work, saved me a lot of time and aggravation, paid attention to all the details that I hadn't thought of and got me a lot more money than I could have gotten by myself. The 10% commission was a bargain in my opinion. The fact is, he does a very professional job, he is dedicated, and he looks out for your best interest.
If you are thinking of selling, this is the person that I highly recommend.

Daniel M. Ross

Being a Convenient Food Mart owner for the past 24 years, I decided it was time to sell one of the businesses. Peter Vadas of MBA Realty was recommended to me by another CFM owner.

Peter was very proficient and within a month he had secured an acceptable offer with the current owners.

Peter was professional in his business dealings. Aside from his professionalism Peter was an easy man to get along with. He has a pleasant personality and is a good negotiator.

I highly recommend Peter Vadas for whatever it is that you are looking to sell or buy.

Convenient Food Mart Owner

I recently listed for sale the Tavern that I owned" Chances R ", with Peter Vadas the Broker for M.B.A.Realty, Inc. Throughout the listing period, Peter Vadas was always available to answer my calls and address my concerns. Within a few weeks, Peter had a qualified buyer come out to look the bar over. A short time later, a written offer was made to me. With the negotiating skills that Peter has, we worked out a deal and closed on October 16, 2007.

I can't say enough about Peter's honesty and integrity with both parties. He is a stickler for the details and fine points of making a clean deal, so that neither the buyer nor the seller has to worry about problems that may pop up later and cause concern for either party.

All paper work that is necessary to close a deal was done on a timely basis because of Peters' control over the details of the deal. Peter even helped the Landlord get the lease prepared so that we could close the deal as per the date set in the contract.

One thing you can count on. If Peter says he will do something, it will be done. If you list your business for sale with him, and listen to the advice he gives you in the process of selling the business, you will agree that when he finishes the sales transaction, you will thank him for the excellent work that he has done.

Anthony C. Butas

AT MBA BUSINESS BROKERAGE, INC , WE TAKE PRIDE IN THE CONSIDERABLE SUCCESS OUR PAST CLIENTS HAVE ENJOYED.

FROM MICHAEL FITCH, FORMER OWNER OF ALL AMERICAN BEVERAGE

I wasn't really sure that I wanted to part with my two Maaco Auto Painting franchises, so when I listed with Pete Vadas, I set the prices a little higher. After nine to twelve months, my expectations were that I might receive offers of perhaps 85% of our asking prices.

Pete Vadas actually accomplished and exceeded my expectations. He started advertising my businesses right away. He kept perfect t confidentiality since I didn't want my employees to know. Before four months passed, I had two sales, at prices averaging over 94% of my asking prices.

Just yesterday was the first closing. I walked away with a substantial down payment in my pocket, and a new owner is ready to start achieving his portion of the American Dream, and look forward to a very comfortable income over the next several years.

If you are thinking about selling your closely held business, I enthusiastically recommend Pete Vadas and MBA Realty to you. He is professional, courteous, totally honest, and through in every detail of these transactions.

Neil G. Jones

PRESIDENT OF ASPHALT / BLACKTOP SURFACE SEALER CO.

With this letter I wish to thank Mr. Peter Vadas for his unbelievable and relentless efforts to successfully sell my automotive business. Without his help I am absolutely sure that I would not only have received less but that it would have taken much longer to sell.

I would also like to extend an offer to any potential sellers or buyers to feel free to call me at any time to confirm that which I have conveyed in this recommendation. I may be reached at (440) 946-2711. If I am unavailable at the time of your call, please feel free to leave a message, and I will return your call at the first opportunity.
Jeff, President and Owner Tune and Lube, Mentor, Ohio
My husband and I have known Mr. Vadas for over 16 years. We were looking for a business to buy. We wanted a clean business that was not going to require working 7 days a week and working at night. We were thinking retail. We met with him and he showed us a couple of different businesses. He showed us the Framer's Gallery in Brecksville in the Brecksville Shopping Center. We liked that business and Mr. Vadas helped us put a deal together with the seller. We bought that business in 1998 with the intention of staying in the business until I was ready to retire.
On August 26, 2013 we called Mr. Vadas to ask if he could sell The Framer's Gallery for us. After he collected and reviewed the last 3 years Tax Returns we met with him again. He gave us a detailed explanation of the selling price and how he arrived at that figure. We agreed and listed the business for that selling price.
Mr. Vadas spent a lot of money on advertising our business on 10 web sites plus doing mailings. Our business is very unique. Not many businesses sell both art and framing.
Shortly after he had listed the business for sale, Mr. Vadas brought us a highly qualified cash buyer that did not need bank financing. He had looked at a different business with ·Mr. Vadas. Because of his background at American Greetings Peter thought that this might be a good fit. He made a very good offer but it was not quite enough.
It took exactly 12 months from the time the business was listed for him to find another buyer that was able to make an all cash deal without bank financing.
My husband and I find Mr. Vadas to be honest and forthright. Everything that he ever said to us was right on target. If you want his help, listen to him. He will not steer you wrong.

Andy and Kay Szalanczy

FROM RICHARD S. GIAMORI, THE ONTARIO STREET CAFÉ

Selling my business was an unexpectedly daunting task. I researched, networked, utilized online services and traditional real estate services, and used whatever reasonable means I found to market my business on my own. Although I was able to qualify several good prospects, I could not "close the deal" with any of them. After two years of frustration,I was fortunate to have someone recommend your company to me.
Within 45 days you were able to present three prospects for me to interview. Within 60 days you were able to present a signed purchase agreement. Although the ensuing three and a half months leading to the closing were filled with twists and turns, you brought the process to a successful conclusion before the end of 2012. www.tremontscoops.com

With your help, I have succeeded in selling my business and the building that houses it, and I am now ready to move on to a new adventure. To be perfectly honest, six months ago I was seriously considering just shutting down the business and selling the building. Now I have the satisfaction of knowing that the business will continue, and I have a financial "stake" to start a new venture.

I have already shared your name with another business owner in our neighborhood who is looking to sell and retire within the next year or so. You were definitely able to get the job done. Thanks again for your support through this process.
Sincerely,

Marianne Ludwig

I signed a listing agreement with MB A. Realty, Inc. on February 2, 2006. Peter Vadas was the broker. I was not aware of all of the intricacies of putting a deal together at the time I signed the listing agreement. Mr. Vadas told me that he would make sure that if there was a possibility of a deal he would make it happen. In addition he told me that each detail that needed to be addressed he would point out to me and tell me exactly what todo and how to handle it.

The first thing that he pointed out was that we needed to meet with the Landlord and get a commitment from her for the new lease for a potential buyer. We negotiated the terms of the new lease and got the Landlord to put those terms in writing. Peter brought us a few offers that did not fly. The last offer was as per listing and we were very happy with that one.

Unfortunately the Landlord had a change of heart as to what she was willing to give the new tenant in the terms of the lease.

Thanks to Mr. Vadas's foresight, having had a letter signed by the Landlord as to the terms of the new lease, we were able to deal with situation and ended with a positive outcome.

I highly recommend this broker to anyone that is considering selling their business. He was recommended to me by my accountant. He does what he says and he knows all the details that it takes to put a fair deal together.

Michael Fitch

FROM BARBARA AND LANNY KEYSOR, FORMER GROCERY STORE OWNERS: GREENWICH GROCERY STORE MARCH 15,2012

FROM BRIAN BRENNAN, BRENNAN'S FOOD CENTRE

Regarding Pete Vadas & MBA Realty – Both my husband and myself have the highest regard for the work Pete has done for us in the selling of our gallery. Pete, from the beginning, has been prompt in all things, honest and to the point, and all around good at his profession. Having been in the Real Estate field and the business world all of my life, I hope I can judge by this time a truly professional person. Pete knows his business and is updated in it. Keeping up with new laws and tax issues. Our business was realistically evaluated by ourselves and Pete, and therefore was sold within three weeks. We were not bothered with clients that were not qualified and Pete followed through to see that the deal closed on time and properly. His advice was reliable and available at all times. We have since referred Pete to two of our friends for his services. Thank you again.

Jim and Karen Dillard

I want to thank you for the outstanding job you did when you sold my restaurant. I could not be happier with the whole experience. Your professional approaches to all aspects of the transaction were outstanding.

I was most impressed by your ability to negotiate both the final selling price, as well as your interaction with the Landlord. He almost killed the deal, which would have occurred if it weren't for your persistence and diplomacy. You genuinely worked hard and it was a learning experience for me. In retrospect I recognize that all the buyers you brought to the restaurant were financially qualified. The bottom line was your ability to determine the fair market value of the restaurant, which resulted in getting the full asking price.

Thanks again Peter! We will be happy to share our story with all our friends. MBA is the best.

Bob Normile

FROM FRANK AMICO, FORMER OWNER OF AMICO'S RESTAURANT

FORMER OWNERS OF AN HVAC BUSINESS 1995

FROM DAN ROSS, THE FIRST SALE OF DANNY BOY TAVERN, NOVEMBER 3, 1997

This letter is to inform you of our experiences with Mr. Peter Vadas and his company MBA Realty. Our experience with Pete has been truly positive. Pete listed and sold our restaurant business for our asking price and terms. With that in mind, what more could we have asked from any business broker? Not only does Pete get results but also unlike many other business brokers, who we have dealt with in the past, he is a straight shooter with unwavering integrity. With Pete's forthrightness, prospective buyers are not mislead into deals that they and the seller will regret subsequent to the sale.

Pete always communicates promptly, which is important when it comes to attracting prospective buyers. Also, because of Pete's many years dealing with the business world, he has seen just about everything. Therefore, Pete has the expertise and skills to effectively communicate with prospective buyers of all backgrounds and experience levels.

I would hire Pete again if I had to list our business again and would highly recommend him to any seller.

Benjamin Spiesman

FROM JIM AND KAREN DILLARD, FORMER OWNERS OF THE FRAMER'S GALLERY, FEBRUARY 26, 1998

Just wanted to thank you again for the fantastic job you have done in representing the sale of my company. Your preparation and presentation to me and potential buyers was very professional and appreciated. Again, building something over a 15 year period and going through the stress of selling a big chunk of your life's work was made much easier by your experience, eye for detail and constant communication through all aspects of the transaction.

I was also very excited when not only did you get me the terms and price agreed upon, you avoided me personally carrying any financing for the new owners through your financial connections with banks interested in financing small businesses. In closing, Peter please feel free to refer any future clients to me for a reference on the great job!

FROM EVELYN NIELSON, FORMER OWNER OF THE INK WELL PRINTING, AUGUST 23, 2005

FROM JOSEPH KORTOWICH, FORMER OWNER OF PIZZA JOE'S DELI

FROM JOSEPH KORTOWICH, FORMER OWNER OF PIZZA JOE'S DELI

I have been the owner of Amico' s Restaurant for the past 37 years. The business has been very good to me and my family. Over the past few years, I have considered selling my business and real estate. I was fortunate to find Peter Vadas who specializes in business brokerage. He listed my business in October 1994 and completed the transaction by December 1994.

I find him to be very professional and honest. If you are thinking about selling your business, I believe Peter and MBA Realty can accomplish getting you a fair and equitable price. He is very thorough in his endeavors.

Frank Amico

IF THESE COMMENTS MAKE YOU REALIZE YOU HAVE THE POTENTIAL TO DO MORE, PLEASE CONTACT MBA BUSINESS BROKERAGE,
INC TO EXPLORE ALL THE WAYS WE CAN HELP YOU FULLY REALIZE THAT POTENTIAL.