|
TMK Enterprises
 | | Left to right: Mike Koski & Tom Morgan - sellers of TMK, Doug Ashby - CBB Broker, Jeff Mentlewski - Buyer |
"Landscaping is big business in Houston and TMK provides an outstanding platform for expansion and growth," said new owner Jeff Mentlewski, a Houston attorney with a law practice that focuses on business and corporate law.
TMK's primary niche is providing regular landscape and pond maintenance to governmental agencies and utilities on a contractual basis.
Former owners, Mike Koski and Tom Morgan, started the company in 2002. After 11 years, they were ready to pursue other business interests. They will be working with Mentlewski for a period of time to ensure a successful transition.
Doug Ashby listed the business and sold it.
|
|
Jubilant Cargo
 | | Left to right: Charles and Sandra Scholwinski - Sellers, Doug Ashby - CBB Broker, Andrew Johnson - Buyer |
Jubilant Cargo has been providing uniforms, branded apparel, and promotional products to small businesses, corporations, and non-profit organizations throughout the U.S. since 1992. One niche product includes flame resistant apparel for the oil and gas industry and electrical firms.
The company's main strengths include long-established accounts with national companies and small businesses and a strong, diversified customer list.
"Since Jubilant has an experienced production manager on staff to run daily operations, I will be able to focus on expanding the business with new sales and marketing strategies," said Andrew Johnson, the new owner. Johnson is a former Shell Oil Company sales and marketing manager with a B.S. in chemical engineering.
"With Andrew's background in the oil and gas industry and his experience with national corporate marketing and sales campaigns, he'll be able to take Jubilant to the next level," said Doug Ashby, the CBB broker who handled the transaction.
The former owners, Sandra and Charles Scholwinski, don't plan to retire anytime soon. They'll be on the lookout for their next business venture. Something new, something different to tackle.
Doug Ashby listed the business and sold it.
|
|
5 Pitfalls to Avoid When Preparing to Sell Your Business - Inc.com
There's a lot at stake when you decide to sell your company. To make sure it goes well, you'll want to avoid these common pre-sale mistakes.
Encouraged by the pace of activity in the business-for-sale marketplace, many owners are moving forward with plans to exit their companies and are laying the groundwork for what they hope will be a smooth and profitable business sale.
But selling a business is an unnerving task, even under ideal circumstances. It's even more challenging when sale preparation is lacking, deficient or misaligned with market realities. Across all sectors and industries, effective pre-sale planning is the key to achieving your desired sale outcome. Simply put, you can't afford to bungle the critical steps that need to happen before you enzter the business-for-sale marketplace.
Common Preparation Pitfalls for Business Sellers
The most successful sellers are meticulous about getting pre-sale preparation right. Here are some of the most common mistakes business sellers make during the preparation stage and some helpful tips on how you can avoid them as you move closer to the sale of your company.
business?
Read the complete article on Inc.com: Read the entire article here
|
|
Ask the Experts
Question: Is it true that restaurants have a very high failure rate?
Answer: We have been selling Texas Restaurants for almost four decades. The Texas restaurant industry is the top in the nation and employs more food and beverage workers than any other State in the nation.
There's been a long-standing, popular statistic that 90% of restaurants fail within their first year. But the fact is that 75% of new restaurants make it through the first year and only 2-3% of restaurants older than five years shut down each year.
Read this full study here: The Restaurant Failure Myth Debunked
|
Texas Economic News
