News By Tag
News By Place
Attention: Chicagoland Sunbelt announces the sale of a Property Management Firm
Chicagoland Sunbelt was engaged by a Chicago based Property Management firm to represent them in the confidential sale of their business.
Contact: Domenic Rinaldi
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Phone: 773-243-1603 or Email: firstname.lastname@example.org
Chicago, February 21, 2013 - Chicagoland Sunbelt was engaged by a Chicago based Property Management firm to represent them in the confidential sale of their business. The owner had built a well-established and profitable firm that provides management, accounting and maintenance services to the condominium, townhome and single-family homeowner associations. The company has a very experienced staff that prides itself on providing outstanding client services and has been recognized as one of the best community association management firms in the Chicago suburbs. The company has a solid infrastructure and consistent year over year revenue performance, and is positioned to capture new business through expansion.
“We were pleased that our firm was able to generate over 100 potential buyers which resulted in 4 solid offers”, stated Domenic Rinaldi, Managing Partner of Chicagoland Sunbelt. “This property management company is a great model for other firms in the Chicagoland area on how to provide great service”
The buyer was another area property management company and their acquisition goal was to keep the current operation and expand the footprint of their existing business. They have aggressive growth goals and now have an enhanced staff and client base from which to grow.
The buyer’s were able to leverage bank financing to complete this acquisition. A SBA guaranteed loan was the preferred vehicle and enabled the buyer’s to maximize their leverage. With as little as a 15 percent down payment from the buyer, the SBA preferred lender was able to provide an aggressive interest rate with 10 year pay back terms. The low down payment and long pay back schedule enables buyer’s to maximize their leverage and increase their cash flows compared to conventional lending products which tend to have shorter amortizations.
About Domenic Rinaldi
Domenic Rinaldi is the President and Managing Director of Chicagoland Sunbelt and Sun Acquisitions. He was awarded the professional designation of Certified Business Intermediary from the International Business Brokers Association and is considered an expert in the field of business brokerage. He is a seasoned executive who brings over 25 years of proven experience in merger/acquisition, sales, service, marketing and operations to the business brokerage arena, and is frequently asked to speak to large groups about the process of buying, selling and financing business transactions.
Domenic is recognized by colleagues and associates as a leader with determination and integrity. He has helped countless business owners develop, execute and maximize their exit strategies. The business press frequently turns to Rinaldi as a subject matter expert in small and lower middle market transactions in Chicago. http://sunacquisitions.com/
About Chicagoland Sunbelt
Chicagoland Sunbelt is a business brokerage firm that focuses on helping people buy, grow and sell businesses in Chicagoland and the surrounding Midwest. Having sold hundreds of businesses, Chicagoland Sunbelt specializes in a broad range of industries, including business services, distribution, food & beverage, franchises, personal services and retail. Its experienced team of M&A brokerage consultants also develop and execute comprehensive strategies designed to meet individual financial and non-financial goals.
Chicagoland Sunbelt is also a proud member of Sunbelt Midwest, which operates offices in Minnesota, Wisconsin & Illinois, for your next business purchase or sale, visit Chicagoland Sunbelt at http://chicagolandsunbelt.com