Sunbelt Business Brokers facilitates sale of ‘Award-Winning’ Salon

PR Log (Press Release) – May 28, 2008 – Attention:  Sunbelt Business Brokers facilitates sale of an ‘Award-Winning’ Salon                                  
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
Chicago, Illinois
Sunbelt Business Brokers, the dominant business brokerage firm in Chicago, reported that it facilitated the sale of an “Award-Winning” Salon in Chicago.  This business was on the market for less than six months, during which time multiple prospective buyers were generated, and resulted in an attractive exit strategy for the business owners and an excellent opportunity for the buyers.
Sunbelt was retained by the Seller to manage the entire business acquisition process which included obtaining a third party valuation, developing a confidential marketing plan, fielding offers, coordinating due diligence, and overseeing the complexities of the closing and management transition.  
“This Salon was noted for its outstanding service and innovative offerings in the Chicago market and generated a lot of interest for potential buyers”, stated Domenic Rinaldi, managing partner of Chicagoland Sunbelt.  
Sunbelt recommends that potential buyers and sellers become educated on the realities of small business acquisitions.  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 5 offices in Minnesota, Wisconsin and Illinois and is part of Sunbelt’s worldwide network of 350 offices.