The first rule of making money is simple: don’t waste your time making money. Make business instead. With patience and good management, you will grow your investment in your business – a nice little nest egg that can put you anywhere in the world when you retire. Making business also makes money, of course, but on the best possible terms: yours. A business owner answers only to Uncle Sam, and possibly their teenage daughter if she wants a new car.
Are you thinking about promoting yourself from consumer to producer? Then the odds are already in your favor. You live in the same town as Murphy Business, one of the largest and most successful business brokerage firms in North America.
With 130 offices in 38 states and Canada, a nationwide network of 300 brokers, and three decades of excellence in business transactions, Murphy Business offers the fastest, surest access to an investment opportunity with a steady cash flow. Murphy Business also helps their clients sell their existing businesses – often so they can rededicate their lives to beaches, boats, golf, fishing, grandparenting, and being totally unmoved by the subject of balance sheets.
Dan Bauer walks in the same shoes as his clients. As the son and grandson of Iowan farmers and equipment dealers, he grew up surrounded by business talk. After his service in the United States Air Force, Dan started a car detail shop that blossomed into a portfolio of car washes. Since becoming a business broker in 1997, Dan has completed hundreds of transactions spanning every industry you could name. Today he and his partner Pat Steffl helm Murphy Business of Minnesota.
Ask Dan to share his expertise on identifying a great investment. He’ll meet your request with good old-fashioned Midwest modesty.
“I like to think I know a good investment when I see one,” said Dan. “Intuition is what drew me to Murphy Business in the first place. I recognized it as a truly nationwide business brokerage – one that would give my clients access to profitable businesses not just in their backyards, but also in markets and industries the Twin Cities just can’t offer. If you want to buy a marina on the coast or invest in a thriving economy out of state, Murphy Business’s vast reach will deliver your most lucrative options.
“Murphy Business empowers me to serve the best interests of my buyers. Some are already established in their industry, and want an opportunity where their experience will prove a valuable asset. Some are open to virtually anything that will make them their own boss. Others just want a hands-off turnkey operation, like a car wash or a fast food restaurant; another jewel in the crown of their investment portfolio, if you will. I help all of them circumvent the years of startup and negative cash flow that go hand in hand with building a business from the ground up. Instead they invest in the location, equipment and employees of a business that already exists and is demonstrably profitable.
“Murphy Business’s sellers are putting a lot at stake when they place their trust in us. We earn it by sparing no effort to represent their property as faithfully as possible. I believe Murphy Business’s valuations are the most comprehensive and accurate in the industry. Our 20-page report considers recent sales of comparable businesses in the same industry, the seller’s previous three to five years of financials, and countless other details which, considered all together, can have a significant impact on a business’s market value.
“Our report is so exhaustive that it often opens a seller’s eyes to areas where their business is underperforming. That lets them correct course before listing so they can realize even greater profit at closing. Our hyper-focused marketing campaigns and lightning-fast network of brokers take care of the rest.
“Our office consistently ranks in the top five Murphy Business brokerages nationwide. We have been named top brokerage of the year on two separate occasions since our foundation in 2012. We owe much of our success to Minnesotans’ entrepreneurial spirit, that’s for sure, but we simply couldn’t have earned so many people’s confidence if it weren’t for our great results.”
Become an entrepreneur. Expand your current business’s horizons. Or just cash out and ride off into the sunset. The choice is yours when you visit murphybusiness.com/minnesota.
Intuition is what drew me to Murphy Business in the first place. I recognized it as a truly nationwide business brokerage – one that would give my clients access to profitable businesses not just in their backyards, but also in markets and industries the Twin Cities just can’t offer.