To those that purchased an existing business.... : r/Entrepreneur
If you choose to use VBB, proceed with extreme diligence. Avoid paying any recurring subscription fees if possible, and provide a large "good faith" deposit without a legally vetted escrow agreement. Many experienced entrepreneurs on Reddit suggest using more established platforms like BizBuySell or working with reputable M&A firms such as TransWorld or IAG Mergers that do not charge buyers to view listings. should i buy business through vested business brokers
: Some users have reported extreme difficulty getting "refundable" deposits back after a deal fell through, sometimes only succeeding after threatening legal action. Potential Benefits (Per VBB) To those that purchased an existing business
: VBB is noted as one of the only brokers that charges buyers a recurring fee (often around $10–$99/month ) just to see listing addresses and financial data. Critics on Searchfunder call this a "money grab" and note that paying the fee does not guarantee access to real financials. Many experienced entrepreneurs on Reddit suggest using more
Deciding whether to buy a business through (VBB) requires a high level of caution, as many independent reviewers describe the company as a "scam" or highly unprofessional . While the company's own testimonials highlight positive outcomes, external platforms like Trustpilot and Yelp are filled with reports of predatory billing practices and unresponsive brokers. Key Concerns for Buyers
: Reviewers on Yelp have accused the firm of posting "click-bait" or fake listings to lure people into paying for subscriptions.
: Vested Business Brokers claims that many of their listings include seller financing, which they argue shows the seller’s confidence in the business.