How we Caught a Buyer! Fishbones Bait & Tackle – Sold June 1, 2018
Justin Sandridge
Bud contacted Murphy Business Sales in October 2017 to sell his Bait & Tackle Business. Bud owned the business for 24 years and was ready to retire and move to Florida. Bud had Murphy Business complete a Broker Opinion of Price Report prior to the business going on the market. Bud wanted to sell the business fast, so he priced the business right and we had the business sold in 8 months.
This deal fell through with a previous buyer, just before George Sarvinas offered to purchase. When the initial deal fell through just a few days before closing Bud was upset. I believed the business was priced right and another buyer would come along quickly. We were right! Just a few days after the previous contract was canceled we had 2 buyers interested and George Sarvinas was the first to make an offer and we were able to close less than 30 days.
There were some hiccups along the way. But the buyer and seller were committed to getting the deal done and kept their head in the game. With our assistance, everyone was able to leave the closing table feeling they got a fair deal.
Congratulations George and Bud! We wish you both success in your new ventures!
