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Contact Broker
5311 Meadow Lane Court, Suite 1
Sheffield Village, Ohio 44035
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About the Company
NEO Business Advisors offers business brokerage and mergers & acquisition (M&A) services coupled with industry expertise to anyone considering buying or selling a manufacturing, industrial B2B service, distribution, construction, software, technology, or specialty retail business. Services include business valuations, exit strategies, brokerage services and many other subjects related to the sale or purchase of a business.
Broker Biography
Introduction
Who We Are
NEO Business Advisors is a Premiere Business Brokerage and M&A Firm specializing in main street and lower-middle market Manufacturing, Industrial B2B Service, Distribution and Specialty Retail Businesses in Ohio and the surrounding states. Our core focus is businesses with $2M-$20M in Revenue, $250k-$5M in EBITDA, and located within a 250 mile- radius of Cleveland, Ohio.
Founder’s Story
Nick Fares founded NEO Business Advisors with over a decade of professional experience and demonstrated expertise in Business Acquisitions, Operations Management, Business Consulting, Sales and Marketing. Driven by an entrepreneurial work ethic, Nick successfully sold his interest as a Managing Partner in a portfolio of four manufacturing businesses where he was responsible for new business development and acquisitions at the end of 2016. The businesses included manual and CNC machining, gear cutting, welding, fabrication, and fully automated equipment building. After two years of consulting and transition training for the go-forward management team, Nick founded NEO Business Advisors to help other business owners and prospective buyers in the process of selling and buying businesses. Nick’s expertise in the manufacturing industry is focused on new business development through customer cultivation and business acquisitions. In his personal acquisition and investment history, he has vetted over 80 potential business acquisition opportunities and been involved in the start-up, acquisition, turn-around, and sale of 12 businesses over the past decade. Additional areas of expertise include business consulting, operations management, process engineering, sales, marketing, and negotiation. Nick has a wealth of experience in the manufacturing, distribution, and machining industries as well as the performance automotive, aerospace/defense, industrial B2B service, distribution, and SaaS/technology sectors. Nick is well seasoned in the business world and felt like he could serve others best in the brokerage realm. When Nick isn’t working, you’ll find him spending time with his family and friends enjoying the outdoors.
Services Provided
Sell a Business
Whether you’re ready to retire, planning a strategic exit, pursuing a new venture, or have other reasons for considering the sale of your business; selling your business is a major decision. Understanding the selling process, what to expect, and the facts about current business sales in your area is essential. At NEO Business Advisors, we can help. Seeking guidance from a professional business broker can help you navigate the selling process and get you the very best price and terms for your life’s work.
Buy a Business
Buying a business can be a complicated process and finding the right business to meet your needs can be daunting. For this reason, buyers often benefit from working with a business broker to help them find the right company to meet their needs. At NEO Business Advisors, we can help. While there is no such thing as the perfect business, a business broker knows the importance of finding the right fit, and they have the experience to help you find a business that will meet your needs, skills, and lifestyle.
Business Valuations
This is often the first question we get asked from a business owner considering selling. Ultimately, the value of your business is determined by what a willing and able buyer will pay for your business in today’s market. At NEO Business Advisors, we can help. We use multiple methods to determine the Fair Market Value of your business from our initial consultation and a confidential review of your business financials in what is called a Broker’s Opinion of Value Report. This report will give you a Most Probable Sales Price range for your business in today's market.
Areas Served
Professional Affiliations
Certified Business Intermediary (CBI)
Certified Mergers & Acquisitions Professional (CM&AP)
Merger & Acquisition Master Intermediary (M&AMI)
International Business Brokers Association (IBBA)
M&A Source
Ohio Business Brokers Association (OBBA)
Northern Ohio Business Brokers Association (NOBBA)
Business For Sale Listings
Cash Flow: $2,883,341
Ohio
View Details High Precision CNC Machining Company
Business Summary: NEO Business Advisors represents a well-established, high precision CNC machining business in Northeast Ohio with an almost 70-year history. The business has state-of-the-art CNC machining centers, many with live tooling, 5-axis capabilities, pallet changers, and dedicated tooling at each machine. The company is uniquely positioned with specialty in-house fabrication capabilities that give them a defensible, high-margin position in the end-market industries they serve with their #1 customer who is approximately 55% of sales with a 50+ year history. The second largest customer is an OEM who accounts for about 35% of sales with a 20+ year history and is sole source with the company for machined parts. The balance 10% of revenue is made up of another 8-10 customers each year. The husband-and-wife owners are active in the business full time Less
Cash Flow: $1,299,096
Ohio
View Details Industrial Insulation Fabricator and Distributor
Business Summary: NEO Business Advisors represents a confidential opportunity to acquire a highly respected, long-established distributor, fabricator, and installer of high-temperature industrial insulation and refractory products based in the Midwest. The 45+ year old company has evolved from a material reseller into a vertically integrated solutions provider with an exceptional reputation for quality, expertise, and responsiveness. The business serves a wide range of industrial end markets including steel mills, foundries, heat treaters, forging operations, investment casters, automotive, and aerospace manufacturers. The business operates in four complementary segments: distribution of refractory ceramic fiber (RCF) and related materials; custom die cutting of gaskets and mold wrap kits; structural steel fabrication incorporating RCF components such as Less
