Distributor For Sale Opportunity Sold By Michigan Business Brokers
Posted by Kipp Krukowski on Tue, Jul 06, 2010 @ 12:44 PM
Confidential Business Sale, Inc., Michigan business brokers based in Plymouth, recently sold a Metro Detroit area janitorial distribution business. This distributor for sale opportunity was acquired by another local company in the same industry that was looking to expand their customer base. The sale of the business allowed the owner to begin planning his retirement. Overall sales and profitability had remained stable to the approximate 45 commercial clients. This distributor for sale was well-known and maintained a loyal customer base over many years without doing any marketing. The Michigan business brokers office of Confidential Business Sale, Inc. worked with the owner to confidentially market and prepare his business for sale. Steve Kandt, a business broker working at the company, was instrumental in working with both the seller and the buyer to complete the successful transaction. Having owned the business for over 25 years, finding the right buyer for the business was an important requirement for the owner. Steve screened numerous buyer prospects for sincere interest and financial capability and ultimately found a match. The acquiring company was looking at expansion by buying a business versus internal growth. Confidential Business Sale works with companies and individuals that see the value in buying an existing business over starting from scratch since customers, suppliers, and employees are already in place. The acquiring company is often able to reduce or eliminate duplicate expenses to make the stand alone company more profitable after the companies merge.