Corporate Acquisitions Group contacted me and said they had a serious buyer for my business. I met with one of their business analysts, who took some numbers and said they could find a buyer for my business within a year. The catch was that I had to pay $8000 upfront (a very inflated price) for a business valuation. He promised that if I did not sell my business within one year, they would refund the $8000.
It sounded too good to be true, and it was. I read the contract, and it actually states that CAG's obligation is to present us with qualified buyers who may be interested in buying our business... So in other words, as as long as they refer some interested folks to us, they do not have to refund our money. Quite a bit different from the verbal promise that we will get our money back if they do not sell our business within one year.
A search of http://usashameboard.com shows several other 'business brokers' operating in a similar fashion - Alliance Acquisitions, Legacy Acquistions, etc. All received complaints, and all either shut down or changed names in order to avoid answering complaints or refunding money from unhappy business owners.
CAG's sales practices are misleading and unethical at best. Don't fall for it.
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