Selling your Business – Starting the Process

One of the hand-outs our sales reps may provide before meeting or at the first meeting with a business owner is a 20 step sales process outline.   Below are these steps condensed into 15 steps process to sell your business. 1- Initial Meeting:   In the first meeting you’ll be introduced to our company and how

Tim Bullard & Team Awarded Quadruple Diamond Centurion Award

Every quarter VR sends out awards to top producers.  Our team has been the #1 VR Office in 5 of the past 6 years.  This quarter our office is the first to be awarded a Quadruple Diamond Centurion Award. Here’s the article from their newsletter: To be excited about the future you have to know

Eight Reasons to Hire a Business Broker when Selling Your Business

Below are some of the benefits of using a business broker.  Maintain Confidentiality:  At Lakes Business Group, we protect the identity of our clients.  All our prospective buyers sign a confidentiality agreement before seeing a business profile.   Some of our clients ask us to run the buyer’s names by them so they can approve before

Reputable Recycling Center Business Sold

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

Acquisition of Manufacturing Company

Congratulations to Larry Heck on the successful transaction of a niche plastic molder business in Wisconsin. 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

Tim Bullard and His Number 1 M&A Team

Over 10 years ago, Tim Bullard started Lakes Business Group, and became part of the VR network. VR (Valued Representation), established in 1979, is the leading international transactional advisory firm serving the privately held middle market. In the past 10 years, Lakes Business Group has been the number 1 VR Office internationally in 5 of

Northern Illinois Wholesale Food Distributor Successful Transaction

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

Successful Transfer of Business

Congratulations 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

Begin with an Exit Plan

As a business owner, it’s never too early to think about an exit plan.  Reading the summary from the book Seven Habits of Highly Effective People, the author, Steve Covey says “begin with the end in mind.” One reason to have an exit strategy is it keeps you on task to grow your business, so

Successful Business Transaction of Greenhouse in Wisconsin

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.   The Lakes Business Group sales rep was able