December
2016


"Because the business you want to buy isn't for sale!"

 
As the new year approaches it's natural to begin looking towards the future. If you're ready to take the leap and become a business owner, but haven't been able to find the right business for you, consider the Target Acquisition Program (TAP), from Confidential Business Intermediaries. The CBI+Team will contact dozens of businesses in your chosen market industry, and identify those owners that are interested in selling. Then you can choose which business is bested suited to your interests. 

"When lenders compete, sellers and buyers win"


Time and again Loans 4 Business (www.loans4biz.biz) has proven to be the fastest, most effective way to raise business capital. Originally designed as a program for CBI+Team buyers to secure funding for a business purchase, Loans 4 Business (L4B) has grown into a program to secure business loans for any occasion. Whether it's to fund the purchase of a business, or to generate growth or operating capital, L4B is the best program for the job. Confidential Business Intermediaries have carefully cultivated a list of nearly 100 bankers, who are eager to look at and make deals. If you're a business owner (or buyer) and know you need to raise capital, L4B is the program for you. For more information call 877-582-5200 or email confidential@cbiteam.com today!



Want to reach hundreds of business owners and buyers?
Contact us to find out more

Connect With Us On Social Media:


Ask the Expert!

We want to hear from you, our readers! Send in your questions, and we'll have your answers in our next newsletter.


 FREE!!

Interested in purchasing a franchise? We provide free information to help you make an informed decision and find the right franchise for your specific needs. Click HERE for our quick franchise interests survey. 

Need some encouragement?



"Confidentially Helping People Buy Businesses to Secure Their Financial Future"

About Us|Buy a Business|Contact Us

 

Pennington’s Floor Store in White Hall, Arkansas has new ownership after forty years of continual operation by the Pennington family according to Connor Grimes, Managing Partner of Confidential Business Intermediaries/The CBI TEAM of Central Arkansas (www.cbiteam.com). Business owner Robert Pennington sold the business to Steve Parrish of Little Rock. Tom Stanton and Shep Campbell, both Senior Intermediaries with the CBI Central Arkansas office, were the listing and selling intermediaries respectively for the transaction, according to Grimes.

Pennington’s Floor Store has been serving the White Hall/Pine Bluff area for nearly 40 years. The new owner, Steve Parrish, plans to continue operating the business just as it has been over the last four decades. Mr. Parrish, an Arkansas native himself, plans on the business remaining a vital part of the White Hall community.
 
Mr. Stanton was approached by Robert Pennington to help confidentially sell the business. The CBI Team and Pennington’s Floor entered into an agreement and CBI of Central Arkansas went to work finding the right buyer. Intermediary Shep Campbell was working with the Buyer, Steve Parrish, on a separate deal. Mr. Parrish had contacted Campbell about his desires to purchase a business, but had been unable to find the right one after looking at several businesses  on his own. 

Shep and Mr. Parrish worked closely as Campbell disclosed several businesses to Mr. Parrish, including Pennington’s Floor Store, even though that was not the initial business in which Parrish had expressed interest. However, after much research Mr. Parrish became interested in the opportunity offered by Robert and Pennington’s Floor Store. The two parties entered into negotiations, guided by Stanton and Campbell. Pennington and Parrish agreement, and the business officially changed hands on Tuesday, November 22, 2016, according to Grimes. 

CBI Central Arkansas is part of Confidential Business Intermediaries, the largest business brokerage company serving both Main Street and lower Middle Market Mergers and Acquisitions from three Arkansas offices, Little Rock, Springdale and Fort Smith.
For more information contact CBI at confidential@cbiteam.com or call 877-582-5200.

Motivation + Motivation = Success!
 
Salute Fine Wine and Spirits – a long-established retail package store on West Markham in Little Rock – was recently acquired by Taytayjack, LLC and will continue to serve its customers in West Little Rock under the new ownership.
 
Larry Grayson, who had owned Salute for several years, was introduced to Connor Grimes – Managing Partner of CBI+Team of Central Arkansas – at the Governor’s Prayer Breakfast. After discovering that they had a mutual friend in Connor’s uncle, Larry disclosed to Connor that he thought it might be time for him to sell the business and allow himself time to pursue other interests.
 
CBI+Team Member, Bob Baine, co-listed the business and the real estate, along with Connor.  The CBI+Team confidentially began marketing Salute.  
 
Several potential buyers were interviewed without finding “that perfect match” that Larry wanted in the new owner of his business. Enter Paul Bowersock, a former telephone industry executive and a tennis associate of Bob’s. Paul was highly motivated to add Salute to the other businesses he had started or acquired, and he and Larry met at the CBI+Team office and agreed to move forward.
 
As with all such transactions, there were many and varied obstacles to reaching a mutually satisfactory agreement. But with both Buyer and Seller willing to work with Bob and Connor to find common ground and keep the transaction moving forward, an agreement was reached and Salute’s sale was completed on November 15, 2016.
 
Salute was listed, confidentially marketed and sold in less than six months.  
 
Stop in and see Paul at 10700 West Markham or visit the website at SaluteFineWine.com
 

Established, Six Figure Cash Flowing Dry Cleaners and Laundromat!!

Revenue: $170,818
Seller's Discretionary Earnings: $107,574
FF&E Value: $114,600
Inventory Value: $3,000 

This high-end, hands-on specialty cleaners provides a unique opportunity to own a dry cleaners AND a coin-operated laundromat  cash flowing over $100,000 each of the last three years!! This business has been in operation since 1969, and is one of the oldest businesses in the area. Its reputation is unmatched, its  Cash Flow Margins are above 60% each year, and this is THE DRY CLEANERS in town, with THE NICEST Washateria in town. When the dry cleaner business was slow – the coin op laundromat carried the business – as this opportunity provides  TWO ESTABLISHED REVENUE STREAMS!! This is a chance for a buyer to get a turn key dry cleaners AND laundromat entrenched in its community, and possessing a first-class reputation, AND very valuable real estate. Health issues have become a concern with the owner, and are a big contributor to the downward trend in sales over the last three years. The owner is ready to retire.
 


Revenue: $3,791,327
Seller's Discretionary Earnings: $215,412
FF&E Value: $459,770
Inventory Value: $147,000

Opportunity to own a highly respected flooring sales and service company that has been established for 34 years. 

Company sells, installs, and services top of the line carpet, wood, tile, stone, laminate, resilient flooring, as well as rugs, window treatments, and radiant floor heating. 


 


For more info on any of the new or updated listings above please contact us at (877) 582-5200 or buyer@cbiteam.com.

To view a list of all businesses for sale browse our website at 
www.bizbuy.cbiteam.com/businesses

Business Sales Boom
 
by Carl Grimes Chairman of Confidential Business Intermediaries

The CBI TEAM helped business owners sell their businesses for a total sales volume of almost $16 million in 2016.

With five more businesses under contract to close, the total sales price of the sold businesses should top $16 million in calendar 2016 according to Carl Grimes, Chairman of Confidential Business Intermediaries.

With three offices in Arkansas, Little Rock (Central Arkansas), Springdale (Northwest Arkansas) and Fort Smith (River Valley, the CBI TEAM led by Managing Partners Connor Grimes in Little Rock, Mark Kincannon in Fort Smith and Carl Grimes in Springdale, has 10 full time intermediaries providing business sales services and professional valuations to all of Arkansas.

Transactions ranged in size from $5,900,000 to $90,000 demonstrating that the CBI TEAM has the expertise to sell middle market mergers and acquisition (M&A) businesses to Main Street Mom and Pop businesses.

"We know that it takes different strategies to sell different types of businesses and our 22 years of experience have taught us how to help business owners develop the best strategy to maximize their business sale," Carl Grimes said.

"We expect 2017 to be a better year than 2016 as more business owners make the decision to sell and retire," said Connor Grimes.

For more information on preparing your business to sell in 2017, call 877-582-5200 or email confidential@cbiteam.com.

Company Profile

The CBI+Team is the largest business brokerage network in Arkansas. Since 1994 we have helped people sell and acquire businesses in  one of the fastest growing regions. With offices in Northwest Arkansas, Fort Smith Arkansas, Central Arkansas, and Oklahoma,  the CBI+Team is the only business brokerage firm with offices in each of the major Ozarks cities. 

The CBI+Team manages the entire business sales process, from helping the seller arrive at a reasonable, market-driven price for the business, to helping the buyer to arrange financing so that the seller gets the most compensation at closing.

The CBI+Team is the one-stop intermediary for all business sellers and buyers.

Carl Grimes, Owner
Serving the Northwest Arkansas area
Contact us at (479) 770-8989 or
carl.grimes@cbiteam.com

Connor Grimes, Managing Partner
Serving the Central Arkansas area
Contact us at (501) 404-4980 or 
connor.grimes@cbiteam.com

Mark Kincannon, Managing Partner
Serving the Fort Smith, Arkansas area
Contact us at (479) 784-9522 or 
mark.kincannon@cbiteam.com

Tulsa, Oklahoma
Contact us at (877) 582-5200 or 
info@cbiteam.com