About
Tim Kleman
Tim Kleman has an extensive history with business transactions through experience with both business ownership and commercial real estate brokerage. Tim has owned and operated seven small to medium sized businesses, including manufacturing, construction, print & marketing and restaurants. He has consulted for numerous businesses and individuals and would love the opportunity to share his experience with you.
As an entrepreneur in multiple different areas of work, Tim relates well with business owners and understands the joys and challenges of running your own business. Tim’s previous businesses have ranged in size, spanning from two employees to over one hundred employees. Moreover, there’s not a business he can’t relate to and specializes in unique situations. Tim has a broad knowledge of the many facets of business and market forces. He is able to help his clients with their operation structure through hands-on guidance as well as provide solutions and recommendations that increase the profitability and salability of their business.
Tim Kleman is extremely passionate about buying and selling businesses. He understands it’s a big life change and his biggest desire is to make the transition easy and seamless. He is trust-worthy and honest and loves to help his clients reach success.
Tim is a graduate of Florida State University with degrees in both Commercial Real Estate and Marketing through the College of Business. He loves spending time with his wife and three sons and enjoys everything outdoors.
What is a Business Broker?
What is a Business Broker
The principal value of a business broker is to act as a buffer between the buyer and the seller and assist in all aspects of the transaction.
Buying
If you're in the market to buy an existing business, a broker can help you find businesses that fit your parameters,
including location, industry and size. Brokers can offer assistance in several ways.
- Pre-screening businesses for you
- Helping you pinpoint your interests
- Negotiation
- Financial Review
- Assisting with paperwork
Selling
When it comes to selling your business, finding the right buyer can be time-consuming and daunting if you try to do it yourself. A seasoned business broker can read the market, knows who's buying what and who has the resources to do so. A broker's goal is to weed out the so-called "tire-kickers" from serious buyers with sufficient financial resources who are well-suited to run a business like yours. They will also ensure that news of the sale remains confidential, that loyal customers, staff, vendors and suppliers find out only when you're ready to let them know or after the sale.
An experienced business broker can assist with the administration portion of the sale. A broker should know and guide you on what paperwork to file, and when. They also coordinate efforts between lawyers, CPAs, bankers, insurance agents and others.
While it costs money to contract with a broker to sell your business, think of the commission you’d pay him or her as a kind of insurance. Your broker will protect your investment in the business by placing the proper value on your business, finding the right buyer, getting you the best price possible, protecting the confidentiality of the sale, handling negotiations, ensuring that all transactions are legal, and seeing that the transition to new ownership is as wrinkle-free as possible.
One of the key functions of a business broker is to act as a cushion between the buyer and the
seller and negotiate the details of the deal at a time when emotions can, and do, run high. A small business is often one of the biggest assets a business owner has, one which he or she has spent considerable time and money building. An experienced broker knows how to price a business correctly and can toot the business’s horn in a subtle yet effective way. The buyer can ask the broker pointed questions that might be difficult to ask you directly and get the answers he or she needs. The broker can also help answer any questions or resolve any problems that develop during the course of the sale.
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