Buying and Selling Businesses: Insights from a Business Broker with Matt Friscia Artwork

Women & Money: The Shit We Don't Talk About!

"We will never solve the feminization of power until we solve the masculinity of wealth." - Gloria Steinem. On this podcast, we're going to call out those ways that women are consistently left behind financially. But most importantly, how women can help themselves. Join hosts Barbara Provost & Maggie Nielsen as they help you navigate the ins and outs of financial independence so that you can be financially fearless. They'll connect you with helpful resources and compelling stories from women all across the country. Whether it's buying a house, preparing for retirement, dealing with divorce, there won't be a single question off the table. Maggie is a partner and Barbara is the founder of Purse Strings, a two-part model that's all about providing women the tools and resources they need to help them learn and understand what they need to know to make good financial decisions. And they help connect women with attorneys, financial planners, realtors, and many other financial professionals who have the expertise and desire to serve the female market. Women & Money: The Shit We Don't Talk About can be your place for tools, resources, education and a place to ask the important questions on your mind (or even better, the - you know - you aren't talking about). Find out more about Purse Strings by visiting https://pursestrings.co/ and we can't wait to connect with you on the podcast!

All Episodes

Women & Money: The Shit We Don't Talk About!

Buying and Selling Businesses: Insights from a Business Broker with Matt Friscia

February 22, 2024 • Barbara Provost & Maggie Nielsen

Send us a text

Matt Friscia is the owner and manager of Transworld Business Advisors of La Grange. With over 1,800 women opening businesses every day in the U.S., we’re excited to dive into the intricacies of buying and selling a business with a seasoned business broker. As a former business owner who worked with Transworld Business Advisors himself, Matt brings a wealth of experience to the table.

In this episode, Matt offers a realistic overview of what it looks like to work with a business broker, demystifying the process for those considering a new venture or looking to sell their business. From funding options and tax considerations to the day-to-day reality of business ownership, we learned so much from his insights.

Here’s some of what we discuss in this episode:

How Matt moved from corporate America to pursue a career in business brokerage
The role of a business broker, the diversity of businesses Matt works with + some misconceptions about buying businesses
The intricacies of buying businesses, including down payments, seller financing, discretionary earnings and more
The preparation, listing process, and emotional aspects of selling a business
Funding options available for those interested in purchasing a business

Learn more about Matt

Prior to owning his own business, Matt spent 15 years in the media sales industry working with The Disney Company and ESPN. After buying and significantly expanding an in home senior care franchise, Matt successfully sold is business and is now one of the owners of Transworld Business Advisors in La Grange. He and his current team of eight brokers help clients buy, sell, franchise, and valuate businesses. Transworld Business Advisors of La Grange helps to super serve the underserved with businesses under $10M or referred to as “MainStreet” business brokerage. Matt resides in the southwest suburbs of the Chicagoland area with his wife and two children, and volunteers his time with community organizations like the Lemont Park Foundation and the La Grange Business Association. A fun fact about Matt is that he’s a musician that has played professionally for years as a drummer!

Get in touch with Matt

Matt on Purse Strings

https://pursestrings.co/professional/business-advisor/illinois/la-grange/matt-friscia/

Start a conversation with Matt about his services provided in business brokerage

https://www.linkedin.com/in/mattfriscia/

Transworld Business Advisor

https://www.tworld.com/agent/mattfriscia/bio/

Active Listings

https://www.tworld.com/locations/lagrange/buy-a-business/active-business-listings/

Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/

To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

People on this episode

Barbara Provost

Host

Maggie Nielsen

Host