J. Philip Commercial Group in Carmel recently announced the launch of a new service arm, J. Philip Commercial Group (JPCG) Business Brokerage. The first Putnam County-based business broker, the company aims to fill a gap for entrepreneurs and business owners who have been underserved in the Hudson Valley, particularly in the Putnam and northern Westchester County area. The new service is led by Jennifer Maher, broker and co-owner, J. Philip Commercial Group and David Lewis, JPCG business broker.
“The pandemic has shaken up the market and that”™s not all bad,” says Maher. “Yes, some businesses are closing their doors or accelerating their exit strategy, but entrepreneurs, transplants from New York City and career changers are looking for business opportunities. ”¦There is a demand for a service that links business owners with potential buyers.”
“We have to quickly adapt to the needs of the market,” said co-owner J. Philip Faranda. “Business brokerage is in demand in a post-pandemic world”¦.”
JPCG Business Brokerage expects the firm”™s business model to attract clients based on its favorable fee structure.
According to Lewis, a business broker and member of the International Business Brokers, a lot of business brokers charge an upfront fee in addition to commission. “They require anywhere from $2,500 to $5,000 or more, depending on the size of the business, to cover the time spent recasting the financials. JPCG Business Brokerage only charges a commission when the business sells. We don”™t make clients pay for the analysis.”
Specializing in “Main Street” freestanding and investment properties, J. Philip Commercial Group was founded by Maher in 2015 as a sister company to J. Philip Real Estate founded by Faranda.
