Chicagoland Sunbelt Facilitates Sale of an Information Technology Firm
Chicago, IL, January 22, 2008 --(PR.com)-- Chicagoland Sunbelt, the dominant business brokerage firm in Chicago, reported that it facilitated the sale of an information Technology firm in Chicago. This business was on the market for less than six months, during which time multiple offers were generated, and resulted in an attractive exit strategy for the business owners.
Chicagoland Sunbelt was retained by the Seller to manage the entire business acquisition process which included designing an exit strategy, developing a confidential marketing plan, fielding offers, coordinating due diligence, and overseeing the complexities of the closing and management transition.
“The small business acquisition market has remained very active and we continue to see large numbers of dislocated and disillusioned executives looking for good businesses to buy”, stated Domenic Rinaldi, managing partner of Chicagoland Sunbelt. “We are at the beginning of an unprecedented trend with an ever increasing number of executives looking to leave their corporate careers and the ‘baby boomers’ preparing to retire and sell their businesses”.
According to a study by Marquette University, there are approximately 7.7 million small and mid-size businesses owned by ‘baby boomers’. Over the next fifteen years 1 out of every 2 of these businesses will be for sale. This will result in an overwhelming 3.8 million businesses changing hands between 2005 and 2020.
Chicagoland Sunbelt advises that potential buyers and sellers become educated on the realities of small business transactions. Buyers should be certain to locate transaction-oriented advisors, meet with potential financial providers, research the local market, utilize a professional business broker and choose a business for the work first and the financials second. Sellers should hire a professional business broker, obtain a valuation, understand their tax consequences, confidentially market the business and rely on experienced advisors.
Chicagoland Sunbelt is a Business Broker firm that focuses solely on helping people buy and sell businesses. Chicagoland Sunbelt is also a proud member of Sunbelt Midwest which has offices in Minnesota, Wisconsin and Illinois and is part of Sunbelt’s worldwide network of 350 offices.
Contact: Domenic Rinaldi
Address: 8745 W. Higgins Road, Suite 220, Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@sunbeltnetwork.com
URL: www.chicagolandsunbelt.com
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Chicagoland Sunbelt was retained by the Seller to manage the entire business acquisition process which included designing an exit strategy, developing a confidential marketing plan, fielding offers, coordinating due diligence, and overseeing the complexities of the closing and management transition.
“The small business acquisition market has remained very active and we continue to see large numbers of dislocated and disillusioned executives looking for good businesses to buy”, stated Domenic Rinaldi, managing partner of Chicagoland Sunbelt. “We are at the beginning of an unprecedented trend with an ever increasing number of executives looking to leave their corporate careers and the ‘baby boomers’ preparing to retire and sell their businesses”.
According to a study by Marquette University, there are approximately 7.7 million small and mid-size businesses owned by ‘baby boomers’. Over the next fifteen years 1 out of every 2 of these businesses will be for sale. This will result in an overwhelming 3.8 million businesses changing hands between 2005 and 2020.
Chicagoland Sunbelt advises that potential buyers and sellers become educated on the realities of small business transactions. Buyers should be certain to locate transaction-oriented advisors, meet with potential financial providers, research the local market, utilize a professional business broker and choose a business for the work first and the financials second. Sellers should hire a professional business broker, obtain a valuation, understand their tax consequences, confidentially market the business and rely on experienced advisors.
Chicagoland Sunbelt is a Business Broker firm that focuses solely on helping people buy and sell businesses. Chicagoland Sunbelt is also a proud member of Sunbelt Midwest which has offices in Minnesota, Wisconsin and Illinois and is part of Sunbelt’s worldwide network of 350 offices.
Contact: Domenic Rinaldi
Address: 8745 W. Higgins Road, Suite 220, Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@sunbeltnetwork.com
URL: www.chicagolandsunbelt.com
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Contact
Chicagoland Sunbelt
Domenic Rinaldi
773-243-1603
www.chicagolandsunbelt.com
Domenic Rinaldi
773-243-1603
www.chicagolandsunbelt.com
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