Attention: Sunbelt Business Brokers facilitates sale of a Chicago-based Food Equipment Refurbishing Business
Contact: Domenic Rinaldi
Address: 8745 W. Higgins Road, Suite 220, Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@@sunbeltnetwork.com
URL: http://www.chicagolandsunbelt.com
/24-7PressRelease/ - CHICAGO, IL, August 29, 2006 - Sunbelt Business Brokers, the dominant business brokerage firm in Chicago, reported that it facilitated the sale of a well-established Chicago Food Equipment Refurbishing business that specialized in the resale of used restaurant and bakery equipment. This business was on the market for less than four months, during which time multiple prospective buyers were generated, multiple offers were fielded, and was financed by a local SBA lender providing an attractive exit strategy for the business owners and an excellent opportunity for the buyers.
Sunbelt was retained by the Seller to manage the entire business acquisition process which included obtaining a third party valuation, developing a confidential marketing plan, fielding offers, coordinating due diligence, and overseeing the complexities of the closing and management transition.
"The small business acquisition market has been very active", stated Domenic Rinaldi, managing partner of Sunbelt's Chicago office. "This deal was handled by one of our senior brokers, Dorri Blank, who did an outstanding job of managing all phases of this sizeable transaction to close in such a short period of time."
Sunbelt recommends that potential buyers and sellers become educated on the realities of small business acquisitions. Buyers should be certain to locate transaction-oriented advisors, meet with potential financial providers, research the local market, utilize a professional business broker and choose a business for the work first and the financials second. Sellers should hire a professional business broker, obtain a valuation, understand their tax consequences, confidentially market the business and rely on experienced advisors.
Chicagoland Sunbelt is a Business Broker firm that focuses solely on helping people buy and sell businesses. Chicagoland Sunbelt is also a proud member of Sunbelt Midwest which has 5 offices in Minnesota, Wisconsin and Illinois and is part of Sunbelt's worldwide network of 350 offices.
About Chicagoland Sunbelt
Chicagoland Sunbelt is a business brokerage firm that helps people buy and sell businesses.
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