San Diego Business Journal | September 2016 | By Steve Adamek
Murphy Business & Financial Corp. LLC, a full-service business brokerage firm with more than 180 offices in the U.S. and Canada, recently announced the opening of a new office in Del Mar serving San Diego and surrounding communities in Southern California.
The B2B firm offers a full range of services and support to local business owners seeking professional brokerage counsel.
According to Murphy, Justin McIntosh opened the local Murphy Business office to provide comprehensive business brokerage services. The new San Diego Murphy Business office will support entrepreneurs with the sale of their businesses, purchases, valuations and mergers and acquisitions.
“There is a high demand for business brokerage services all throughout the San Diego area,” said McIntosh. “I look forward to meeting that demand by being a trusted partner to Southern California business owners and interested buyers.”
The company said that prior to his work with Murphy Business, McIntosh cofounded a successful utility business based out of Colorado that grew from four employees to more than 300 employees spanning across three states. McIntosh continued to develop this company for several years before deciding to sell. The sale allowed him the opportunity to hone his entrepreneurial skills in California. He most recently purchased a boutique-clothing store where he began to draw many parallels between brokerage services and experiences with business ownership and acquisitions.
McIntosh says he sees an increase in demand for business brokerage services — a growing pool of qualified buyers is emerging as unemployment continues at its current rate and instability within corporate environments remains the norm. McIntosh says he has seen an increase nationally, as well as locally, over the last 12 months of businesses being sold and at high prices — the industry expects that upward trend to continue through 2016.