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Owner Cashes Out; Buyer Gets Funding |
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Written by Administrator
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Wednesday, 15 April 2009 19:45 |
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There comes a time in the life of all business owners when you want to move on, cash out, take your winnings and do something else. This is not easy to do without professional guidance. Blodgett Ventures has helped a number of owners create workable exit strategies and find suitable acquiring entities. One case was an aircraft parts fabricator that had been in business for over twenty-five years and wanted to retire. Blodgett Ventures helped him determine a value for the business and with its network was able to identify several likely buyers. Ultimately, a buyer emerged with goals and resources that aligned perfectly with those of the seller. The deal was consummated within four months, including all due diligence. Blodgett Ventures was able to show the buyer how to secure funding for a substantial part of the purchase.
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Last Updated on Wednesday, 13 May 2009 16:50 |