#1 Business Sales for 2018

The annual International VR Conference was held the end of April. Three of our team members were able to attend and receive their individual awards and the #1 VR Office Award. For the fifth year in a row, the Lakes Business Group VR Office was number 1 in sales. We have maintained our ranking with

Successful Business Deal Closings

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

Transitioning after Selling your Business

Our team at Lakes Business Group has helped hundreds of business owners through the process of selling their business.  It’s a big change for most of the business owners we work with, many have been contemplating it for a while and have future plans and others have just decided it’s time to move on. Regardless

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