Chicagoland Sunbelt facilitates sale of Information Technology Firm

PRLog (Press Release) - Oct 16, 2008 -
Attention:  Chicagoland Sunbelt facilitates sale of an Information Technology Firm                              
Contact: Domenic Rinaldi
Address: 8735 W. Higgins Road, Suite 160,  Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@sunbeltnetwork.com
URL: www.chicagolandsunbelt.com
Chicago, Illinois
Chicagoland Sunbelt, the dominant business brokerage firm in Chicago, reported that it facilitated the sale of an Information Technology Firm to a strategic buyer.  In its confidential marketing of the business, Chicagoland Sunbelt attracted and pre-screened numerous prospective buyers and generated six offers, resulting in an attractive exit strategy for the business owner and an excellent opportunity for the buyer.
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.  
According to the Exit Planning institute, an estimated 8 million business owners will exit their businesses over the next 15 years.  These businesses represent an estimated $10 trillion in personal wealth.  During normal years, approximately 250,000 private businesses in the United States change hands each year.  During the upcoming wave, this number will more than double to over 500,000 businesses per year.
“We immediately knew that the staff of Chicagoland Sunbelt had the resources and staff to secure a successful outcome”, stated Alex Shlepakov the owner of this Information Technology firm.  “Even in today’s economy, Chicagoland Sunbelt generated six qualified offers which enabled us to maximize our selling price.  We could not be more pleased with the process and outcome.”
Chicagoland Sunbelt advises that potential buyers and sellers become educated with 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 operates 4 offices in Minnesota, Wisconsin & Illinois and is part of Sunbelt’s worldwide network of 350 offices.