After meeting Joan Young at Sunbelt Bay Area, we felt very comfortable starting out with having Joan doing a ‘valuation’ of our company. After getting that number, we had a couple people we knew of who were interested is purchasing the business but could not pay the price we had set.
We returned to Sunbelt and hired Joan to help us. She was able to get the word out to so many potential buyers, we were turning people away. This gave us the opportunity to be selective about who would carry on the preschool. We ended up with 4 solid offers to choose from, 2 of which were over our asking price. We interviewed all the our prospects and came to a decision. Joan helped both sides in the negotiations, making it easy for all to work together. The new buyer was able to accommodate our employees and respect the current contracts through the end of the school year.
Joan was there every step,of the way ready to listen, explain, negotiate and do all the paperwork to make sure the sale was a success for all sides in a timely fashion. We listed the school in November 2014, and the sale was finalized in March of 2015. As helpful as Joan was, we feel that the value of her assistance was made clear when we saw the extent of the contacts she was able to make to advertise the sale our business. We never would have been able to generate that kind of interest on our own.
Joan and her team of professionals take the extra time needed to get to know their clients on a professional and personal level which I believe is necessary when working collaboratively towards a common goal.
When it was time to sell Joan and I discussed in detail our expectations and set out a plan to achieve our goal. Joan was completely upfront and honest and mentioned that while the economy was strong it could take several months to sell.
I’m happy to say that several months turned into several weeks. With Sunbelt’s proven marketing strategy Joan produced 3 qualified buyers within the first few weeks of our listing.
Ultimately our business was sold in less than 3 months to a very capable buyer who is eager to continue to grow the business and provide a stable work environment for many of our long time employees.
I would highly recommend the professionals at Sunbelt Business Advisors to anyone who is considering buying or selling a business for the first time or the tenth time.
Joan and her team has you covered.
I’ve known Chris and his family for a number of years and knew that if he said Sunbelt and Joan Young were reliable people, then I could trust them. Chris has proven himself to be honest and reliable throughout the years I have known him.
The sale of my business was, I think, relatively complex and required extra communication and activity to see the process to completion. Chris and Sunbelt rose to the occasion at every step. They brought me multiple buyer offers, helped me through the buyer selection/vetting process, helped me prepare and move through the due diligence process and worked with me from beginning to the end. Communication was always prompt, discretion was respected throughout and help with some complex issues were there when needed.
I would definitely recommend Chris and Sunbelt. I actually have recommended them to three different friends and business associates already and would recommend them to anyone wanting the professional help a business sale requires. Sunbelt helped me find a qualified buyer, reach a price that was satisfactory, and complete an agreement that makes me confident as I transition from a business owner to a mentor and ultimately to retirement.
I might add that Joan also recommended an attorney, Brad Bosomworth, who she has had clients work with and he was an important factor in facilitating the process and making sure I am protected after the sale.
During the sale, it was necessary to work with our county on some zoning issues and Chris went out of his way to help with this process.
I am available should someone wish to speak to me about the selling process from my perspective.
They are real professionals who not only had their own buyers they were working with but found other good buyers. They brought me 3 strong offers and a Letter of Intent. We sold it in 7 months from start to finish. They stood up for me in negotiations and got me more than the asking price. Joan and John had excellent follow up and I always knew right where I stood. My buyers are doing 5% more than my projections so that makes me feel good about my decision to sell to them.
As a business buyer, I have worked with many brokers, I have made offers on several other businesses, and I have looked at the financial records of other businesses. There is no comparison between Joan and the other brokers that I have worked with. None of the other brokers have devoted such significant time to understand the business, and none of them have provided as much detailed financial information as Joan does. Most of the businesses for sale provide very sketchy details on their financial pictures and their records do not back up the initial representation. Selling a business with Joan is a lot of work! But Joan’s system results in a smoother transition with few surprises. I have told my buyers that they are extremely lucky to have Joan handling the transaction.
Since Sunbelt had so many buyers in their database, we had a buyer and offer within two weeks of listing the business. That buyer ended up not getting to the closing table, but we did get two other offers presented, and we chose the best buyer and offer. We closed the sale in less than four months from when we signed up. We appreciate all the hard work Joan did and have referred her to others since our closing.
Joan assured me she could sell this business in a short period of time, and she did. Joan brought me two good offers, and I chose the guy that I knew would get the job done. Joan wasn’t kidding… we closed within three months from signing up with Sunbelt. I was able to get what I wanted for the business, and the buyer is doing very well growing the company beyond what I could ever do myself.
Thanks for your help. It is greatly appreciated.
When I decided to sell my business, I was concerned that my key employees and customers would hear that it was for sale. I was impressed with Sunbelt’s system for protecting confidentiality of the sale. I also appreciated the accessibility and detailed work Joan Young, Broker, CBI®, CBB®, did for us.
Joan found the perfect buyer for my company. I couldn’t have asked for a better match.
Having been through this process a number of times, I know how complicated and involved executing this type of transaction can be. Throughout the process, you were always there. I never doubted you were working very hard behind the scenes to secure a buyer and get financing lined up for them, all the while keeping on top of all the countless small but important details that have to fall into place. It was great that you just took care of things, allowing me to continue to run the business without much interruption. The fact you had a well qualified buyer in place within 30 days was amazing. I know you interviewed and talked to dozens, but you stayed very focused on viable, qualified buyers, helping us get full price in record time.
You are a consummate professional, and it was a pleasure to work with you. When the time comes, I will not hesitate to call you to assist me in pursuing my next venture in the wonderful world business ownership.