I was a first time Buyer looking for a Business. I currently own PAL's Liquors in Sausalito, CA. This was purchased through Neil Advani who was both my Business Broker and Loan Broker. Neil is extremely knowledgable in all aspects of the transfer process. This was a very difficult deal because although the business was profitable, the Seller's Tax returns were haphazard. Hence, financing was a major problem. Neither the Seller nor his previous broker were able to obtain financing. Neil effectively packaged the deal including a full financial analysis, where he was able to convince a lender. He coordinated the entire loan through closing. He also effectively coordinated a 20 year lease with the landlord at a starting rate lower than the previous tenant. He has a strong background in Finance and Business. All representations made were accurate about current status and future potential. My sales and profits are significantly higher than when I bought the store. He is an exceptionally qualified and ethical broker. I have no reservations if anyone wishes to contact me about my experiences in dealing with Neil.
~ Iqbal Sahota
I owned SHOP RITE Liquors in Fremont, CA. I had a Seller carry back note with a Balloon payment that needed refinancing. I approached every lender and broker that I was referred to and they were unable to help me. Although the Business was profitable the PL's were not in a format acceptable to the lenders. Neil Advani interfaced with the accountants to present the PL in a format acceptable to the lenders. There were also residency issues since I was not a Green Card holder. Neil researched this and suggested that I incorporate with a US resident to conform to SBA policies. He coordinated the entire loan process through closing. I am very impressed with his capabilities and am recommending him without any reservations.
~ Victor Singh
I was a first time Buyer looking for a Business. I currently own U Save Liquors in Novata CA. This was purchased through Neil Advani who was both my Business Broker and Loan Broker. Neil is extremely knowledgable in all aspects of the transfer process. This was a very difficult deal due to ABC license suspension issues and financing. Neither the Seller nor his previous broker were able to obtain financing or the necessary ABC clearances for transfer. Neil effectively coordinated the ABC transfer through his associated attorneys. He has a strong background in Finance and originated and packaged the loan including detailed cash flow analyses amd secured funding on a very difficult deal. All representations made were accurate. He is an exceptionally qualified and ethical broker. I have no reservations if anyone wishes to contact me about my experiences in dealing with Neil.
~ Tran Huang