You are currently viewing January 2021 |  Business Buyer Edition | News & Updates

January 2021 | Business Buyer Edition | News & Updates

January 2021 | Business Buyer Edition

SOLD – Hot Springs Health & Fitness

Ask any athlete and they will tell you it takes time and hard work to get into “shape” for competition.


The same is true for businesses according to Connor Grimes, owner of CBI Central Arkansas
 

The recent sale of Hot Springs Health & Fitness (www.hshf.net) Center demonstrates this very well says CBI Team Intermediary Tom Stanton, who represented the deal from start to finish. 

Hot Springs Health & Fitness was the first engagement taken by CBI Central Arkansas way back in 2013…

Read More Here

Sold! – Maverick Supply

Charles Rateliff (CBI Intermediary), Maria Smith (seller), Gene Burch (seller), Delinda Burch (seller), Jack Burch (seller), Jennifer Hicks (buyer), Donald Hicks (buyer), John Green (CBI Interemdiary)

CBI recently facilitated the sale of Maverick Supply Inc., a long-time and well established Berryville, Arkansas plumbing and electric business. Donald and Jennifer Hicks acquired the 45+ year old company from the founding family, the Burchs. The Burch family chose CBI Intermediary Charles Rateliff  to sell their business and John Green of CBI worked with the buyers to complete the transaction. The Burch brothers and sister will now be enjoying retirement.

To learn more about Maverick Supply visit http://www.mavericksupplyinc.com/default.html or give them a call at 870-423-6271.

CBI  is pleased to have been the Intermediary for this transaction. During the process, CBI identified many other prospective sellers & buyers. If you have been thinking about buying a business CBI has a vast amount of industries, companies, and franchises available. Contact CBI today!

 CBI Tulsa Has New Leadership

Jon Holbert and Dr. John Sherrill have acquired the well-established Confidential Business Intermediaries/CBI Team Tulsa office according to Carl E. Grimes, Chairman and Founder of CBI. Holbert is Managing Partner of CBI Northwest Arkansas and Tulsa, with over a decade of experience leading Teams and facilitating the sale of businesses. Holbert is a Certified Business Intermediary through the International Business Brokers Association. (IBBA)

 

“We are pleased and excited to move into the Tulsa market and look forward to great success helping business owners achieve their goals. I look forward to working together with Dr. John Sherrill and the rest of the crew to produce amazing results for our clients,” said Holbert.

 

Dr. Sherrill is President of CBI Tulsa and earned both a Master’s and Doctorate, Dr. Sherrill has worked with the National Federation of Independent Business, (NFIB) and a highly motivated national award-winning salesman and sales trainer with several years of experience working with business owners across the state of Oklahoma.

Read More Here

Avery, Sights & King Acquire CBI Fort Smith/River Valley

Max AveryDennis Sights and Ryan King have acquired the rights for the CBI Fort Smith/River Valley office according to Carl E. Grimes, founder and chairman of Confidential Business Intermediaries/The CBI Team. The CBI office suite is located in Fort Smith’s Central Mall and the address is 5111 Rogers Avenue on the second floor above the Great American Cookie location. The phone number is (479) 274-8044. CBI has been active in the Fort Smith/River Valley area for over 20 years, helping business sellers and buyers, Grimes said.

 

“We’re excited to add these three talented and connected young men to our CBI Office Owner’s Team,” Grimes commented. Their high engagement and passion for Fort Smith and the surrounding area is exemplified by their community involvement.

 

To contact CBI Fort Smith River Valley click here.

Featured Listings

Ready to buy? We’re sure to help you find the perfect opportunity. Call us today to get started with a no-obligation, confidential consultation. Call toll free at  Phone 877-582-5200 or email  confidential@cbiteam.com

Explore some of our featured listings below. Simply click the business link below to view additional details. Be sure to watch the featured listing video provided showcasing our businesses for sale!

Profitable PreSchool Insurance Agency Small Engine Repair Shop B2B Service Business Specialty Flooring Dental Clinic
Home, Appliances & Firearms RTO High Volume Donut Shop Construction Related Business Precision Machine Shop Automotive Repair Restaurant, Bar W/Live Music
Lumber Yard Lodge Motel Collectibles Car Wash Medical Practice Graphics Print Shop
https://cbiteam.com/listings/

Loans4Business

At CBI, we know that when lenders compete, sellers and buyers win. The new year has changed greatly, lending applicants are experiencing added scrutiny about the deal and the experiences an applicant brings to the business. Don’t go at it alone. Contact CBI to help you navigate this so you can get to the closing table quickly and with the funding you need to move forward.

We guide prospective buyers every step of the way to best position you and the opportunity favorably among lenders. This includes:

  • Business plan creation + Loan application preparation
  • Receive multiple offers from which to choose
  • CBI’s program administrator will help you make sense of the various offers so you select the one that provides you with the best interest rate and terms
  • We use certified and quality loan offices to conduct business with buyers’ best interests in mind

Learn the Typical Business Acquisition Process

University Of Arkansas Small Business, Technology & Development Center Hosts Session On Buying & Selling Businesses
During an Arkansas Small Business Technology & Development Center (ASBTDC) panel discussion, CBI shares perspective about selling and buying a business. In this short four minute video, CBI’s Northwest Arkansas Managing Partner Jon Holbert and CBI’s Founder Carl Grimes discuss the typical valuation process that goes on here at CBI.
To watch the series of short, informative, video clips, visit CBI’s YouTube channel. 

Interested in a CBI leader talking with your organization or helping you discover answers to your questions about buying or selling a business? Contact CBI at confidential@cbiteam.com.

To learn more about ASBTDC programs, information or to register for other ASBTDC upcoming events, visit:  https://sbtdc.uark.edu.

Visual Communications Franchises A Strong Performer Despite Covid

Many franchises are seeing strong sales despite Covid-19.

This month’s featured franchise fits within that category and includes a franchise tied to visual communications. Amid the pandemic, this franchise has grown and served customers by pivoting their visual communication services to provide critical communication and signage to the community, businesses and their customers. As the new year rolls around, this company has had record highs already! Equipment and training are included.

 

If this sounds like a fit for you, contact CBI today to learn more.

 

Contact Carol Gresham Today!

Major Changes to SBA 7(a) Lending Coming

On December 27, 2020, The Consolidated Appropriations Act of 2021 provided additional COVID relief for small businesses. The bill includes limited-time benefits for small business owners seeking SBA 7a financing.

 

For all new 7a loans that close and fully fund by September 30th, 2021, borrowers will be eligible to receive the following benefits:

 

  • 6 months principal and interest payments made by the SBA, capped at $9,000 per month
  • No SBA guaranty fee

 

For more information, please contact Kelly Tivis, the Loans4Biz Administrator.

Carl Grimes (Founder/Chairman) Blog:

What was that! 

Oh, that was 2020 and we’re sure glad it’s in the rearview mirror and that we can look forward to 2021 and maybe start to a better roaring 20s. 

Or can we? 

One thing we know is that privately held businesses are going to face challenges in 2021. 

  • Higher taxes 
  • More regulation 
  • Foreign trade uncertainty 
  • Pandemic issues

Those are certain as we change federal administrations and

the accompanying differences in the philosophical approach to business.    Carl E. Grimes

Read the Full Blog Here 

Call 877-582-5200 or email confidential@cbiteam.com for a free, no-obligation consultation. 

Selling Businesses Is Our Business Since 1994

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