Texas Association of Business Brokers, Inc.
Press Release
April 21, 2008 Thirty-five years after founding Certified Business Brokers and serving as its President, Jeff Jones has resigned from the company to form a new business brokerage firm known as Advanced Business Brokers, located at 5225 Katy Frwy., Suite 250, Houston, TX 77007. His new firm will specialize in selling small to midsize businesses to private equity groups, wealthy investors, and individuals who desire to buy an existing profitable business rather than going through the risks of starting a new business venture. Jeff has a wealth of industry experience, having been involved in the sale of over 2,000 businesses that include manufacturing firms, service companies, restaurants, and retail stores. “I enjoy helping business owners get the equity in their businesses that they deserve after spending many years building their businesses and often sacrificing personal needs for the sake of business growth,” says Jeff, “and I still love helping people who are tired of being employees and want to become entrepreneurs owning their own businesses.” In 1978, Jeff was one of the founders of the Texas Association of Business Brokers, a trade association for business brokers, and several years latter he was instrumental in forming the International Business Brokers Association for which he served two terms as its President. Today, the IBBA is the largest business broker association in the world. Jeff teaches educational courses for the IBBA on issues of practice standards, valuation of businesses, and other related brokerage and valuation topics. Jeff also owns Certified Appraisers, Inc., a multidiscipline appraisal firm that for the past 30 years has specialized in valuing businesses, real estate, and machinery & equipment. At a time in life when many people are looking forward to retiring, Jeff is still going strong with the idea of retirement in the distant future. “I left CBB due to partner differences in operating procedures and client services,” states Mr. Jones; “It’s a good firm that has many experienced brokers on staff; however, I now look forward to providing more personalized services to our clientele, and expanding our new firm in Houston, as well as in other Texas cities.” According to Jeff, there are approximately 600 businesses sold each year in the Houston metro area. Far more go out of business due to lack of profitability or family issues. Business brokers handle a significant number of these sales providing sellers with information regarding market value of their business, deal structure, and marketing assistance in finding buyers. Jeff says that many deals fall apart due to issues involving third parties to a transaction, such as landlords, family, professional advisors, lenders, franchisors, and poor deal structure. Business brokers add value to their transactions by handling these issues using their experience and expertise. Advanced Business Broker’s web site at www.advancedbb.com contains helpful articles and materials for business owners who are considering the sale of their businesses, and for entrepreneurs who desire to acquire businesses.
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Jeff Jones Starts New Business Brokerage Firm