Michigan Business For Sale Opportunity Recently Sold
Posted by Kipp Krukowski on Mon, Jul 26, 2010 @ 01:00 PM
The Michigan business brokers of Confidential Business Sale, Inc. (CBS) recently sold an existing Fantastic Sams franchise resale opportunity in the Metro Detroit area. John Mulheisen of CBS working out of the Plymouth Michigan office, worked with the business owners to help prepare their Michigan business for sale. Don Wheelock one of the Ohio business brokers working out of the Cleveland office of CBS assisted the buyer in the transaction. CBS has successfully sold a number of franchise resale opportunities over the years of various types in the industries of service, retail, and food. The company works with the franchisors in screening prospects and finding a buyer that not only can make a deal with the seller, but also fit the right franchisee profile for the franchisor.
Fantastic Sams has developed a strong brand name in the Detroit Metro area. They offer marketing and business support systems that an independent hair salon often cannot get. This Michigan business for sale was being run profitably but the owners decided to make a lifestyle change resulting in the desire to sell the company. By CBS finding buyer prospects and assisting in the negotiations, the sellers were able to move on to different things, the buyer was able to purchase a profitable business at a reasonable price, and the franchisor was able to keep a franchise location operating to continue the royalty stream. Hair salons are recession resistant concepts. The buyer of this Michigan business for sale is poised to build on this location’s 25+ years of being a suburban hair salon destination.