JAKE WHITTA

Company Overview

Transworld Business Advisors is the world leader in the marketing and sales of businesses, franchises and commercial real estate. Whether you represent an acquisition-minded corporation, or are personally interested in owning your own company, Transworld offers the professional services that successfully bring buyers and sellers together. When a company owner needs to sell their business, they can’t just stick a for sale sign in the window. They need the assistance of a business broker to locate and vet potential buyers. On the other side, buyers rely on the broker to help facilitate the process of evaluating potential businesses and franchises for sale. A Transworld Business Advisor is the solution for both scenarios. Transworld Business Advisors focuses on three core concepts: business brokerage, franchise consulting, and franchise development.

Services Offered

As a business owner, your business's sale may be your biggest financial transaction. Going through the process in full confidentiality is important to most business owners. The Business Sale Process * Collect Information - Tax Returns & Income Statements, Lease & Other Key Agreements, Business Particulars * Package Business - Business Overview, 3-year Financial Overview, Communications Package * Market Business - Transworld & External Websites, Targeted Buyer List * Due Diligence Preparation - Deep Dive into Business, Anticipate Buyer Requests, Seller Gathers Basic Information * Qualify Buyers - NDA & Buyer Profile, Meet & Qualify, Introduce to Seller * Recommend Professionals - Lenders, Tax Mitigation Professionals, Business Transaction Attorneys & CPA's * Facilitate Offers - Transworld Agreements, Represent Seller, Negotiate Best Deal for Seller * Facilitate Due Diligence - Prepare Seller, Coordinate Information Flow, Manager Buyer Expectations * Landlord Approval - Facilitate Buyer Discussions with Landlord, Manage Buyer & Landlord Expectations * Financing Approval - Suggest Alternate Lenders, Facilitate Information flow to Lenders, Respond to Critical Inquiries * Closing Documents - Prepared by 3rd Party, Coordinate Preparation, Facilitate Information Flow to all Stakeholders * Fund & Close - Coordinate with all Stakeholders, Facilitate Last Minute Requests from Stakeholders, Get Seller Paid Buyer Representation * Consult with the Buyer to Identify Targeted Purchase Opportunities * Seek Out and Present to Buyer Prospective Businesses or Franchises for Purchase * Assist with Business Valuation * Negotiate the Best Deal for the Buyer

Broker Profile

Jake has over 18+ years of business experience in engineering, operations, product development, innovation, finance, and commercialization of products. He holds many patents on products that exist in over 10,000 major retailers across the United States. He also has experience in large M&A transactions, including a very successful private equity exit in May 2022. He started his career in a small factory as a press operator in Findlay, OH, as a 'temporary' summer job, which turned into a long successful career in manufacturing and product development. He held every position on the factory floor as he worked hard to advance in the company while going back to school from 2009-2015 to get his Bachelor’s in Mechanical Engineering while working full time and starting a family. He played a significant role in growing the company from ~$2-3M in annual revenue in 2004 before the company experienced unprecedented growth after the downturn in 2008 to over half a billion dollars today, which led to a recent and successful Private Equity exit in May of 2022. He held many roles that oversaw the company's New Product Development, Innovation, and Engineering. He holds many patents and trademarks that relate to plastic storage totes, plastic shelving, plastic trash cans, and plastic work supports categories sold at The Home Depot, Lowe's, Walmart, Amazon, and Sam's Club. The company he worked for is the original founder of the 'Black & Yellow' storage containers. He has a burning desire to win in anything he chooses to do, especially in business. He's either 'all-in' or decides not to do it. He wants to take this same desire a step further with a business brokerage and help business owners solve problems in their local communities.

Areas Served

Northwest Ohio & Southeast Michigan

Affiliations

IBBA