About the Jennessey Business Advisors
We bridge the gap between business sellers and buyers
With over 20 years of being in business, our confidential and personal approach is second to none, and our unique process is proven to assist business sellers and buyers with their goals. Whether you are in the beginning stages of planning of an exit or acquisition or are if you’re ready to move now, we’re here to help you make the process as smooth as possible every step of the way. ​
Meet the Owner
Jeff Hennessey
Since founding Jennessey in 2005 with Scott Jennings, Jeff Hennessey has been successfully brokering businesses and developing creative deal structures, to ensure that transactions are completed. Mr. Jennings retired in 2022.
Jeff has over 40 years professional experience in marketing and business and completed his secondary degree at The School of Business Brokerage, in Greensboro, NC after earning his Bachelors degree from Central College in Pella, Iowa.
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How do I start the process of buying or selling a business?To start the process, call or email Jennessey Business Advisors. We are happy to meet with you and talk through the selling/buying process. There is no charge for meeting and you might even get a free cup of coffee!
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What are the commission fees?Commission Fees are charged to the seller when the business is sold. No fees are charged to the buyer when purchasing a business represented by Jennessey Business Advisors
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Why do owners want to sell?Business owners sell good healthy businesses for many reasons. Rarely is the reason for selling a business because it isn’t performing well. Here are some typical reasons business owners consider selling their businesses: Retirement Wanting to seek new challenges Desire to change their lifestyle Family matters Health concerns Relocation Burnout Death of the owner Other business interests
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How will Jennessey Business Advisors market my business?Your business will be advertised anonymously on our website (see our listings for examples) as well as other popular online business marketplaces. We also contact our extensive network of investors and potential buyers that we have worked with over the past two decades that are looking for new opportunities.
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How does Jennessey Business Advisors determine market price for a business?Jennessey Business Advisors performs a comprehensive evaluation of the business. The foundation of our evaluation is financial data relevant to your specific industry. The data includes key ratios based upon the financial performance of your company. After obtaining an understanding of the general market for companies within your industry, we then incorporate the unique characteristics of the company to estimate a price that an independent third party would be willing to pay for the company, and based upon its financial performance. As a final step, we compare 1.) the price that a buyer would be willing to pay based on financial performance of the company to 2.) the amount of money the company would receive if it liquidated its assets. The greater of the two values is selected. If the decision is that it is not quite time to sell, we will work with you over time, updating the evaluation annually, until you are ready.
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When am I updated about what is going on with the selling of my business?You’ll be contacted by Jennessey Business Advisors via telephone or email on a regular basis for the duration of the sale of your business.
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Why should I buy a business?Control your own destiny Desire to be properly rewarded for your efforts at work New challenges Desire to change your lifestyle Investment income Tired of corporate bureaucracy
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How do I find a business that meets my needs?Jennessey Business Advisors can help you find the perfect fit. After reviewing your interests and financial capabilities, we can better match you with a business.
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Who will help me find the best financing?Jennessey Business Advisors has built relationships with area lenders and can assist you in finding the financing you will need. We provide the opportunity for the seller to have their business pre-qualified with local SBA banks.
FAQ's About Buying/Selling with Jennessey Business Advisors
Our Mission to Protect Your Confidentiality
We understand that disclosing important confidential information during the sale of a business can create internal disruptions, strain employee and customer relationships, and ultimately put the entire transaction at risk. That’s why protecting your sensitive information is top priority throughout every step of the process.​
Confidentiality is the cornerstone of Jennessey Business Advisors. Potential Buyers are required to agree in writing to Jennessey’s Confidentiality and Non-Disclosure policies prior to releasing confidential information about your business. Only confidential information that you approve will be shared with potential buyers. Buyers financial information is held in confidence, as well.​
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Our goal is simple - that no one knows your business is for sale, until it’s sold.