January 2010 Newsletter
Great News to Start 2010!
Sunbelt Business Advisors of Kansas City is now Apex Business Advisors! Our team still consists of the same experienced advisors that you have come to know and trust. Our location, phone number, and professional services offerings remain the same. Other than an obvious change in our email addresses and website URL, it is business as usual at our office. In the upcoming months, we look forward to sharing with you our vision of Apex and our goals for having an even greater impact on the entrepreneurial world.
Success Stories
We finished off 2009 with a bang! One deal in particular reminded us how all parties in a deal are important to its success, but none more critical than the buyer and seller. A transaction closed this month after six months of work and a near collapse a few days before closing. During the six months of work there were initial problems with finding a bank that could loan money due to all the market upheaval, many more weeks to get an SBA approval, there were tax issues related to the sale and seller financing, there were concerns about non-disclosure and name changes, complications with using retirement funds, late night negotiations with e-mail that required triage. In the end, the attorneys, accountants, and advisors could only lend support. The deal came down to buyer and seller meeting face-to-face, clearing up some confusion, agreeing that they still wanted to get the deal done, and making sure others didn’t get in the way. With that focus, the transaction closed.
Apex advisors can share with you the critical do’s and don’ts of negotiating deals, share our experiences of deal successes and failures. Visit with your advisor to gain some insight on buying and selling businesses.
Recent Transactions Completed
Commercial Maintenance — Kansas City, KS – $2,950,000
Bar & Grill — Lawrence, KS – $225,000
Bar & Grill — Kansas City, MO – $125,000
Language Tutoring — Overland Park, KS – Under $100,000
BBQ Restaurant — Kansas City, MO – Under $100,000
Franchised Ice Cream — Overland Park, KS – Under $100,000
Cabinet Shop — Kansas City, MO – $300,000
