All Audio/Video Services in Springdale has transferred ownership, according to Carl Grimes, CBI TEAM Chairman in a deal that was nearly a year in the making. Seller, Mike Fagan initially met with buyers, Scott and Wendy Fusselman in August of 2017. The meeting went well, and it was not long before the Fusselman’s would write an offer on the business, and after some negotiations an agreement was made and the business was scheduled to close, in May of 2018. Mr. Fusselman asked for the closing to take place after he completed his contract as a coach with the Bentonville, Arkansas school district.
The delay in closing was the result of one of the buyers needing to work out the remainder of their employment contract, before moving into a full-time ownership role within All A/V. While time is the enemy of all deals, the strong connection between buyers and seller helped hold this deal together. Additionally the tireless work of Loans4Business coordinator Kelly Tivis, helped to make sure that any concerns were quickly addressed and resolved before the final closing date. This deal was filled with ups and downs, but with the experts of the CBI TEAM leading the way, the Fusselmans and Mike Fagan were able to reach the closing table. For more information about selling your business contact the CBI TEAM today!