After being one of the most highly inquired about business that Mark Kincannon has ever listed, Sentencing Options Specialists was sold to Mike Brooks.
Selling a business, often times is an emotionally tasking experience for the small business owner, even under perfect circumstances. Much akin to raising a baby, the small business owner, invests a great deal into nurturing a successful business. Sleepless nights, abysmal lows, mind numbing uncertainties, heart breaks…are all but a fraction of the battles a business owner, like a parent, must summon the will to fight, and win, time and time again. The business becomes almost an extension of the owner.
So when Johnny and Gloria Wagner engaged Mark to sell their business after 19 years of building it, Mark and his team had to temper robust business decision making with a great measure of empathy in order represent the Wagner’s well. Johnny and Gloria were ready to retire. It was supremely important to find a buyer who’d not only pay a fair price for the business, but will also continue the Wagner’s hard fought legacy.
A customized confidential marketing program was developed and executed by Mark and the CBI Team. Through this process Mike Brooks was introduced to the business. He was then introduced to the Business Owners Retirement Savings Account program (BORSA) to help finance the purchase of the business (BORSA and Loan for Biz are part of the CBI Team’s system to help buyers finance business purchases.)
The Wagner’s walked away from their now grown, successful “baby” satisfied that the capable hands of Brooks will continue and build on their legacy. Mike Brooks begins his journey knowing he has been handed a “well trained child;” a business that has weathered the test of time. Both families won, and CBI Fort Smith is thrilled to be at the center of it all!
Johnny Wagner is happy to be a reference and a part of this story.