Rick and Jennifer Millican sold Trotter Electric because they were ready to focus on mission work. Rick had been with Trotter since the 1980s and was ready to pass the torch to someone else. The Millicans decided to engage Mark Kincannon and the CBI Team-Fort Smith River Valley after considering selling to employees.
Mark Kincannon listed the business and had a buyer interested within the first month. An agreement was made and the new buyers were father-son team Larry and Chad Bone. Larry and Chad had a goal of working together to create a family legacy.
The Bones utilized the CBI Team’s Loan’s for Business Program (L4B) to obtain a loan through Regions Bank with the help of Itzel Meadors and Jake Sibley. Larry also utilized the BORSA program, introduced to him by the CBI Team, to obtain funds for his down payment.
Seller Rick Millican is happy to have sold the business in order to move on to other endeavors.
Larry Bone is an equally satisfied buyer stating, "After considering other business options, I chose to contact CBI. Working through the purchase of a business can be a challenge and end up causing many unforeseen situations. CBI removed the guesswork, helped find financing, and gave me added confidence in buying the company. I highly recommend CBI's system."
CBI Team-Fort Smith River Valley is happy to assist both the seller and buyer in accomplishing their goals.
For more information about selling or buying a business, contact Mark Kincannon at 479.806.0061 or firstname.lastname@example.org