(Above L to R): CBI NWA Executive Business Broker Dave Godwin, Betsy and Chuck Snider (Sellers)
Dave Godwin, CBI Northwest Arkansas Executive Business Broker who coordinated closely with a well-known financial wealth management firm was able to successfully close on Russell Self Storage located in Rogers, Arkansas. By utilizing CBI, the Sniders were able to receive a professional business analysis that took into account not only the real estate value but the business valuation which allowed the Sniders to receive the maximum return on the sale of their business. This transaction was completed in under 90 days.
The strategically targeted marketing strategy utilized by CBI focused on the strong features of this business which created substantial interest from numerous buyers. This facility had many strong assets going for it including the real estate, high occupancy rates and a massive outdoor RV storage located on premise. The property was approximately 11 acres with over 350 storage units and exterior parking spaces for RV’s, boats and vehicles.
When asking Chuck and Betsy Snider if their expectations of CBI and Dave Godwin were met, they said, “The answer is yes, (Dave) was easy to talk to, he was on the game and knew what was going on and what we needed. He stayed proactive rather than reactive and got the deal done!” The team at CBI are proud to have successfully facilitated the sale of Russell Self Storage.
Congratulations to the new owner Bruce Clinton of My Storage Rogers, LLC. on this acquisition. This will be an additional location to the other storage facilities managed by this buyer. The buyer said, “(I) couldn’t have asked for more. Dave was so easy to work with and really helped smooth out the process when it needed it.”
CBI Business Brokers served as advisor to Russell Self Storage in this transaction. During the process, CBI identified many other prospective storage unit buyers. If you have been thinking about selling your business CBI has a buyer database with thousands of qualified prospects. Contact CBI today at confidential@cbiteam.com or call 877-582-5200.
