Dramis Hardwood Floors has been doing business in Northwest Arkansas for over 40 years and owners Pam and John Dramis made the decision it was time to retire. They contacted Dave Godwin, Senior Business Broker for CBI Northwest Arkansas. Dave helped them prepare the business for sale and found and screened the buyers and put the transaction together.
When asked how CBI and Dave Godwin facilitated the deal, Pam Dramis said, “(Dave) got the job done by introducing us to the perfect entrepreneurs. Then it became a lot less stressful for us both … he hit the sweet spot! Now we both feel like the right guys are the perfect match to our clients who made the business what it is!”
This Fayetteville hardwood flooring company has a great reputation and expanding service area in Northwest Arkansas. They specialize in residential hard wood flooring and created a substantial amount of goodwill which the new owners were willing to pay for.
Every deal is different according to Godwin and this one was no different, with one of the buyers coming from out of state and the other ready and willing to operate the business as quickly as possible. A deal was put together to allow John Dramis to close escrow now and finish out 2021 with the company with the buyers, Josh Gagnon and Luke Dye ready to take over the reins of ownership and continue the successful operation.
CBI Business Brokers served as advisor to Dramis Hardwood Floors in this transaction. During the process, CBI identified many other prospective buyers. If you have been thinking about selling your business CBI has a buyer database with qualified prospects. Contact CBI today at [email protected] or call 877-582-5200.