Charlottesville is its own City, and a growing one at that, so if you own a business you’d like to quietly exit, why call business brokers in Richmond? It’s simple, Richmond is far larger with far more industry. As a result, in Charlottesville, business brokers are fewer and further between. As the capital city of the Commonwealth, Richmond serves as the hub of small business mergers and acquisitions for a hundred miles in every direction.
When owners from Staunton to Virginia Beach decide it’s time to start planning an exit, and they want to maintain confidentiality, they have to put together a team from the experienced communities of lawyers, accountants and M&A experts, be they in Charlottesville and especially in Richmond. Most want to keep their plans quiet, which is why they need a good intermediary in the first place. At Filament, we understand the importance of our role in protecting owners’ confidentiality during the process of selling.
The Richmond business broker ecosystem has not only a greater reach than a local Charlottesville business broker might, but also has access to far more resources and specialized professionals than smaller communities do. Filament Business Brokers in Richmond Virginia have a greater network of buyers both in the capital and around the region than smaller town brokers and more experience with a wider range of businesses. Furthermore, Richmonders view Charlottesville as both charming and wealthy, a great place to visit and an ideal place to expand their own businesses. Richmond buyers in Filament’s network like the idea of buying in Charlottesville. Charlottesville sellers benefit from accessing this pool of motivated outside buyers.
Potential buyers, be they strategic bigger fish, private equity looking down market, family offices seeking to expand their portfolios or refugees from corporate America who want to go into business for themselves in Virginia don’t reach out to business brokers in Charlottesville VA as often as they do those in Richmond. The generation of soon to retire owners holds a great deal of their wealth in their businesses, and when they seek out the expertise and networks of Charlottesville business brokers, they frequently wind up in Richmond when it comes time to plan their exits with discretion and find the right buyers. At Filament, we dive deep into our clients’ businesses as well as their personal needs. We develop in depth profiles of likely buyers, and create marketing materials targeting those buyers.
Filament differentiates itself from business brokers in Charlottesville VA (Virginia) in that we not only cultivate relationships with sellers to prepare for the sale by helping them add value, but we also solicit and advise buyers on how to take advantage of our listings’ value propositions in valuing, financing and taking over our particular businesses and then setting themselves up for success as they take over. Filament offers services usually only available to larger companies by mapping out vertical and horizontal integrations alike.