Former Manufacturing Executive, James Richards, Joins Chicagoland Sunbelt Business Brokerage Firm
Chicago, IL, April 04, 2006 --(
PR.com)-- Chicagoland Sunbelt, the dominant business brokerage firm in Chicago, announced today that James Richards has joined the company as a Broker. In that capacity, Mr. Richards will be responsible for helping business owners develop exit strategies, confidentially market those businesses, manage the negotiation process, and coordinate the closing and post-transition complexities.
“Jim brings a tremendous blend of manufacturing, senior management, professional services and business acquisition experience to our team”, stated Domenic Rinaldi – managing partner of Chicagoland Sunbelt. “He has over thirty years of proven success and is uniquely qualified to assist owners with the transition of their businesses. Jim was formerly a Board Member and Vice President of Finance and Supply Management for Amerequip Corporation – a $50 million tractor attachment manufacturer.”
According to a report by Wachovia, “small business acquisitions are growing in popularity. On any given day in the Unites States, 1.7 million businesses are for sale. An important subset of this overall entrepreneurial trend is the increasing number of Americans who are buying existing small businesses, instead of starting their own.”
Chicagoland Sunbelt recommends that potential buyers and sellers become educated on the realities of small business acquisitions. Buyers should be certain to locate transaction-oriented advisors, meet with potential sources of financing, research the local market, utilize a professional business broker and choose a business for the work first and the financials second. Sellers should hire a professional business broker, obtain a third-party valuation, confidentially market the business and identify transaction-oriented accountants and attorneys.
Chicagoland Sunbelt is a Business Brokerage firm that focuses solely on helping people buy and sell businesses. To learn more about Chicagoland Sunbelt you can visit their website at www.chicagolandsunbelt.com.
Contact: Domenic Rinaldi
Address: 8745 W. Higgins Road, Suite 220, Chicago, IL 60631
Phone: 773-243-1603
Email: drinaldi@sunbeltnetwork.com
URL: www.chicagolandsunbelt.com
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