Manufacturing Business SOLD!

Sold Successful Business Sales 

A successful metal manufacturing business was successfully transferred to a new owner on August 1. The original owner started this business in 1993 and was ready to retire. The business was bought by a private investor.

The company operates over 15 CNC machines, a number of lathes and grinding machines with over 20 experienced employees.  The needed flexibility to deliver large production lots as well as smaller quantities on a timely basis for its OEM (original equipment manufacturer) customers helped the profitability of this business.

Operating in a 13,500 square foot building owned by the original seller. This real estate was not part of the acquisition.

There was much interest in this business as over 120 individuals inquired on this listing. The interested parties were private equity groups as well as private investors.

Congratulations goes to all the parties involved in this successful business transaction!

Successful Business Deal Closings

Sold Successful Business Sales 

2019 has been a busy year so far with businesses changing hands. Our office had 6 closings in the past few weeks and we have three more set to close in the next couple weeks.

These are the business transactions that have recently closed:
#1426 – Bar/Restaurant/Banquet Facility $1,300,000
#1309 – RV Dealership $1,000,000
#1255 – Commercial Printing Business $615,000
#1343 – Supplier of Marine Accessories $400,000
#1337 – Electrical Contractor $395,000
#1383 – Boat Rental Business $360,000

These business deals have been in various industries.

With interest rates still reasonable this is a good time to sell or buy a business. Our award winning team is ready to assist with an exit strategy.

Reputable Recycling Center Business Sold

Sold Successful Business Sales 
Congratulations to Michael Szmanda for assisting in the sale of a highly reputable recycling center located in Northern Illinois.  Michael has been working with the seller since last March to find the find the right buyer and close the deal.

The seller was looking to retire and has kept the business well organized with a strong team in place.   Business Sold

Congratulations to the new buyer of this profitable turn-key business and to the seller as he looks to enjoy his retirement!

 

Acquisition of Manufacturing Company

Sold Successful Business Sales 
Congratulations to Larry Heck on the successful transaction of a niche plastic molder business in Wisconsin. Sell Your Business - have an exit plan

This plastic molder manufacturer has been in business for over 40 years producing an array of products for businesses and consumers.  with contracts in place for the larger accounts and a great customer distribution, this business was very well diversified and stable. There is plenty of additional room for growth in each of the two divisions.  Growing by adding new customers or products or by way of marketing and selling directly to end users.

Included in the sale of the business was over nine acres of land with facilities totaling over 74,000 square feet.

Congratulations to the new owner and to all involved in the sale!

Northern Illinois Wholesale Food Distributor Successful Transaction

Mergers & Acquisitions Sold Successful Business Sales 
An Illinois food distributor has been successfully transferred to a new owner.  The seller was ready to retire after operating the business for several years. The new owner has an incredible brand that is known for customer service and reliability. 

This company has a niche in providing a wide variety of ingredients throughout the bakery industry.  Man making pizza at profitable restaurant bar for sale

This wholesale food distributor was on the market for 5 months and had over 90 inquiries.  So congratulations to our sales rep, Joe Braier and to the new owner.  Also, best of luck to the seller in his retirement!

Successful Transfer of Business

Sold Successful Business Sales 
SOLD - successful business transactionCongratulations to Andy Schmelzer for assisting with a successful business transaction of a community based residential facility (CBRF). We also want to congratulate the new owner of this profitable, well run CBRF/Assisted Living operation in southeastern Wisconsin. And, finally to wish the sellers best of luck in their retirement!

This business opportunity was sold within six months of being signed with our office. In those six months, there have been over 50 inquiries. This business sale included the property.

Successful Business Transaction of Greenhouse in Wisconsin

Sold Successful Business Sales 
The confidential business offering #1025 was successfully transferred to a new owner last week!   This greenhouse business has been serving the area for over 25 years and the seller was ready to retire.   There were over eighty interested buyers looking at the business profile for this opportunity.  plants growing in a greenhouse

The Lakes Business Group sales rep was able to find the right buyer for this business and close the deal last week.  Congratulations to all the parties involved!

Successful Business Transaction – Custom Cabinet Showroom

Sold Successful Business Sales 
In January the successful business transaction of a custom cabinet shop in Wisconsin. The seller decided to sell now because the market was right. He knew he could get the value of the business in today’s market. This business sold within six months of the listing date.

This business has both residential and commercial customers and is well known and respected in the community.   Seller was willing to negotiate a non-compete with the new owner and to assist in a smooth transition.

Congratulations to the new owner and our team for getting this deal closed.

SOLD! Fabricator and Manufacturer of Stone Products

Sold Successful Business Sales 
In December this long established fabricator of all type of natural stones and manufacturer of veneer stone products was successfully transferred to a new owner.    This business was on the market for nine months and had over fifty interested buyers.   Stone Products Fabricator and Manufacturer Business for Sale in Wisconsin

Some of the highlights of this business:

  • a very experienced and skilled professional staff of key employees
  • the seller only worked 10 hours per week
  • in a good location and building is owned by the business
  • many long-time commercial and residential customers

Congratulations to the seller and new owner of this long established business!

If you are looking to sell your business, NOW is the time.  As you read from this transaction, there are many buyers looking to own an established business.

Your Successful Business Transaction – Telling your Employees

Sold Successful Business Sales 
Selling your business is a confidential process.  Have you considered during the process the future of your employees and their reaction of the business having a new owner?    Disclosing information as you start your exit strategy can do harm during the process and jeopardize a successful transaction.  So how and when do you tell your employees?     Forbes.com had a good article giving some tips on preparing your employees for the sale of your business.

  • Wait until the deal is completed.
    It is best to wait until the papers are signed and the deal is final before telling the employees. Telling them too soon could decrease the value of of your business. Losing a employee can be detrimental to the value of your business and the sale of your business.
  • Tell your closest associates first.
    Before disclosing information to all your employees, you want to make sure your closest and highest ranked associates know your exit plan. These employees will be developing close relationships with the new owner if they decide to stay.
  • Plan accordingly in telling your employees.
    Each employee will react differently to the news so it is important to be as compassionate as possible when telling them you will be leaving and a new owner is taking your place. Employees need to know their jobs are secure once a new owner takes over. Make sure to introduce the new owner to your employees after you break the news.

The way you’ve handled your business is unique and unlike any other will do so it is important to find  a buyer that is the right fit for the business you’ve built.

To read the full article ‘How to Tell Your Employees You’ve Sold the Business