Address: 146 Second Street North, Suite 310, St. Petersburg, FL 33701 | Phone: 1-727-639-4716

What is a Family Office?

04
May

Family Offices are becoming more and more prevalent. We are often asked the question, “What is a Family Office?” and “Why should I consider them as a potential buyer?”

Family Offices come in all shapes and sizes, but are usually set up for families with a combined net worth of over $250mm. Generally the patriarch or matriarch as generated significant wealth through building a business or a portfolio of real estate, and are looking for higher returns on their investments.

Investing in businesses can give Family Offices significant returns.

Our experience has been overall, very positive. These are sophisticated people, and generally have hired a professional team to help them invest in the right businesses.

Generally, these buyers have longer time horizons, so they are not looking to buy the business and turn around and sell it 3 years from now.

So for these and many other reasons, they can be excellent buyers.

back to top