Eastwood City, Metro Manila, Philippines, July 28, 2017 /PressReleasePing/ - Azhar (Bill) Khan, President of Sunbelt Business Brokers Philippines,
Recently we spoke with Azhar (Bill) Khan, President of Sunbelt Business Brokerage, which is the largest business brokerage firm in Philippines and the world having sold more businesses over the past 30 years than any other company.
Sunbelt Business Brokerage Philippines is starting its operations officially in Eastwood City, August 2017.
Mr. Khan and I agreed for this interview that he be referred within as “Bill”.
In careful analysis, Bill decided to start Sunbelt Business Brokerage in Philippines since it was difficult for buyers to buy an existing/operating business for overseas (OFW’s), foreigners and even local residents due to (a) no set systematic approach of specialization in this area. Current laws in the Philippines have made it very complicated for a new buyer to have full independence professional guidance to make sure that they are fully protected from all possible areas which may not be openly disclosed by and between the sellers or buyers.
Bill who has lived in over 25 countries, managed or owned various types of business operations from small franchises to large public companies, some even trading on US Stock Exchanges, brings his unique experience to both buyers and sellers to make sure the process goes smoothly.
To add further to Bill’s extensive resume, he has substantial experience within Philippines over the past 7 years in operating, managing new startups to successful operating business operations from Call Centers, Information Technology Development Companies, Commercial Real Estate, International Trading to Night Club Operations.
The acquisition of Sunbelt Business Brokerage, Philippines will provides business owners of commercial operations from as small as 2 million, up to 50 Billion pesos adequate comfort to know they are dealing with company who can guide them in a professional manner from beginning, to ongoing, to even re-selling at a later time. Transactions will be completed in a very confidential way not to affect current operations, staff or suppliers, who may get worried knowing that the business could change hands with little time notice. Overall these processes are carefully monitored in a manner not to affect ongoing business operations.
Sunbelt is by far the largest business brokerage firm in the world with a network of over 300 offices worldwide, it provides existing base of potential buyers for their business which enables Sunbelt Philippines to select qualified buyers that can meet the goals of the seller in the way the future business is operated.
In addition to Bill, Sunbelt Philippines has a very strong team of seasoned current & former business owners in Philippines & overseas with specialization in various industries. At Sunbelt all transactions are approved by the company’s highly experienced legal team, independent accountants and bank escrow companies for distribution of funds, in addition validating all documents with various agencies as to their authenticity.
Currently there is a major demand from OFW’s wanting to return to their home country in Philippines and to operate their own business as the Philippines economy continues to grow and the standard of living continues to improve countrywide. With incentives in place, we expect Sunbelt to play a major role in providing avenues for OFW’s to return and acquire obtainable businesses base on their individual financial needs within the scope of businesses they seek.
In addition, Philippines been one of the fastest growing economies of the world with population of over 130 million, we have lots of foreign investors looking to move away from western countries to settle down in the country with better weather and life style than their own countries, providing them longer happier life.
In my interview with Bill, we embarked on a question and answer session that extremely informative, not only to me, but hopefully for those reading this article now.
-Julie: “Sunbelt Philippines corporate office in Eastwood City has started operations with a very professional team of former business/current owners as Professional Business Brokers to provide a very unique experience for both buyers and sellers.
Why buying or selling a business is important and how does the business brokerage compare between USA and Philippines?”
-Bill: In our lifetime, we will make many major purchases and buying or selling a house is likely one of the biggest. While most home buyers and sellers know precisely what they are looking for: from the number of bedrooms, to the size of the property, to the listing price – purchasing or selling an entire business is unique, presents a number of challenges, and requires specialized expertise to ensure both business sellers and buyers receive the greatest value for their Pesos or dollars.
Buying or selling a business – from Automobile Dealerships, Casinos, Night Clubs, Gas stations, Hotels, IT Companies, Resorts, Private Islands, Mining, Oil & Gas Companies, Various franchise brands, Online Internet companies and more – is about much more than numbers. By sitting down with owners who have put their heart, soul, time and money into their business, Sunbelt discusses all aspects of valuation in detail.
These include location of the business, processing systems, age of staff, market positioning, where customers come from, age of equipment, risk, and more. “The numbers don’t tell the whole story, and I don’t trust other peoples’ valuations. Even if the business owner had a valuation, we insist on re-doing it. Only in this way, can he come up with an accurate, objective value for the entire business, and go to market with pricing and strategy that reflects true worth.
