Uncategorized Archives - New Hampshire Business Sales

The Greenfield Inn Changes Hands

A landmark inn that has hosted visitors for a generation has been sold by the founders to a pair of new owners who plan to build on the rich heritage of providing friendly lodging in this New Hampshire town.Victor and Barbara Mangini have sold the Greenfield Inn Bed & Breakfast in Greenfield, NH to Kenneth Tetreault and John Jordan of Palmer Mass. The Manginis have run the B&B successfully since they started the business in 1986, and have now retired.The Inn is a quintessential New England B&B in the Monadnock Region and near the Crotched Mountain State Park and Crotched Mountain Hospital. The new owners will be continuing and revitalizing the business and plan several renovations to the property. They will continue to operate under the same name and phone numbers.This is a career change for both Ken and John, and owning an inn has been a goal for some time. As they start out on this new business endeavor the Mangini family wishes them much success.The Mangini family was represented in the sale by New Hampshire Business Sales, Inc. of Pembroke, NH, which has been involved in lodging and small business sales for 40 years. The buyers were represented by Monique Jalbert of Polka Dot Properties of Alton, NH. New Hampshire Business Sales, based in Pembroke, is the state’s premier business brokerage firm and is entering its 40th year. The company has assisted owners of privately held NH businesses in valuing, marketing and selling their businesses since 1976. The firm’s associates have a variety of business backgrounds and ownership experience. Associates work from offices around the state.The Greenfield Inn is on Forest Road in Greenfield, 603-547-6327.…

Community Living for the Elderly sold

Community Living for the Elderly, LLC. a licensed 15-bed residential care facility for the elderly located on 22 Mays Way, has been sold by Miklos Toth and Carol Jaworski to Tamworth Community Living, Inc.

The sale, completed effective July 1, makes Community Living for the Elderly part of a family of several similar facilities operating in New Hampshire and Massachusetts.

The transaction was brokered by New Hampshire Business Sales based in Pembroke. Financing was provided by Wells Fargo. Dr. Didier Watsop will operate Community Living for the Elderly as well as the group’s other assisted living facilities. Dr. Watsop looks forward to preserving the good reputation that Community Living for the Elderly has had for more than two decades of service.

Miklos Toth and Carol Jaworski successfully operated the home for over 9 years, noted Gilbert Oriol, Business Intermediary who coordinated the sale along with John Howe, co-owner of NHBS.

New Hampshire Business Sales, based in Pembroke, is the state’s premier business brokerage firm now in its 40th year. The company has assisted owners of privately held NH businesses in valuing, marketing and selling their businesses since 1976. The firm’s associates have a variety of business backgrounds and ownership experience. Associates work from offices around the state.…

Hancock Market Under New Ownership

Nancy and Ed Adams have sold the Hancock Market on Main Street to Jarvis and Marcia Coffin, owners of the Hancock Inn located across the street from the store, according to New Hampshire Business Sales, which coordinated the transfer.

The Coffin’s stated intention in buying the Market is to continue to build on the great business base that the Adams’ have built up over the last five years since they bought the building at auction, rehabilitated it and regenerated a thriving local marketplace.

Broker Leon M. Parker, CBI represented Nancy and Ed and assisted the Coffin’s in the transaction. Financing was arranged by Paul Faber of Lake Sunapee Bank. “This is a true country store of the kind that used to dot the landscape,” Parker said. “It is great to see it continue through a change in ownership.”

New Hampshire Business Sales, based in Pembroke, has completed its 40th year as the state’s premier business brokerage firm. The company has assisted owners of privately held NH businesses in valuing, marketing and selling their businesses since 1976. The firm’s associates have a variety of business backgrounds and ownership experience. Associates work from offices around the state.…

Soucy Sewer Aquired by Wind River Environmental

Pembroke, NH – New Hampshire Business Sales is pleased to announce the sale of Soucy Sewer Service of Salem, NH, to Wind River Environmental headquartered in Marlborough, MA, with locations throughout New England.
After 30 years in the septic pumping business, Mr. Soucy has decided to just concentrate on septic system installations.
Wind River Environmental, with its tens of thousands of customers, wanted to add Soucy’s coverage in southern New Hampshire and northern Massachusetts to its New England locations wishing to carry on the reputation built up by Soucy.
Stan Evans of NH Business Sales represented the seller and Jack Bailey and Nathan Bernstein represented Wind River.
New Hampshire Business Sales, Inc., is New Hampshire’s premier statewide business brokerage. NHBS has assisted hundreds of owners of privately-held NH businesses in valuing, marketing, and selling their businesses since 1976. New Hampshire Business Sales, Inc. is a group of experienced business professionals dedicated to maximizing the value of and selling, small to mid-size, privately-held, business and commercial property interests throughout New Hampshire.…

Founders Sell Live Juice to New Owners

Concord – Live Juice, a popular restaurant started by Aryn and Aaron Moore during the early days of the Main Street revitalization overhaul project, has been acquired by Kristen and BG Moore, who plan to continue the healthy choice menu and friendly style of business.

The restaurant located at 5 South Main Street offers a wide range of healthy fresh fruit and vegetable smoothies as well as a variety of made to order salads and fresh soups. It also offers catering services to the Concord area.

The business was started five years ago to provide raw vegetable and fruit juices, nutrient dense smoothies, and fresh salads. When possible, it sources locally grown and organic produce so that customers can feel good about making life-generating choices for your body and for the community.

“Our Live Juice team is researching more ways of adding healthy foods to our menu,” commented the new owner, Kristin Moore. “We have plans to utilize our website as a teaching tool on the nutrients in our foods and why they are beneficial to your health. We are excited about continuing the promotion of good health so you feel excellent with abundant energy and a strong drive to live out your dreams!”

The sale of the business was coordinated by Mark Lagasse, an associate with New Hampshire Business Sales, Inc and an advisor with the M&A division, Business Transition Strategies.

New Hampshire Business Sales, based here, has completed its 41st year as the state’s premier business brokerage firm. The company has assisted owners of privately held NH businesses in valuing, marketing and selling their businesses since 1976. New Hampshire Business Sales, Inc. is a group of experienced business professionals dedicated to maximizing the value of and selling, small to mid-size, privately-held, business and commercial property interests throughout New …

The Center for Eating Disorder Management Under New Ownership

Bedford – The Center for Eating Disorders Management, located here, has been purchased by Refresh Mental Health, Inc., from former owners Laura Clauss and Kathleen Corkery.

Corkery, LICSW, will continue with the company as the Clinical Director. The company employs approximately 12, all of whom are being retained. New ownership plans to continue the tradition that has been created and to enhance services to assist individuals in New England.

Sale of the company was coordinated by Gilbert Oriol, Business Intermediary of New Hampshire Business Sales, Inc.

The Center provides specialized outpatient treatment for eating disorders in children and adults across the spectrum of eating disorders including anorexia, bulimia, binge eating disorder, compulsive exercise and avoidant/restrictive food intake disorder.

In addition to comprehensive medical care, the practice provides psychotherapy, medication management, and nutrition services at the outpatient level.

“We are very glad to see this fine business preserved under new ownership,” commented Oriol, who was recently named broker of the year for NHBS. “We work closely with sellers and buyers to find a good match that will transition ownership effectively for all concerned.”

Like all Intermediaries at New Hampshire Business Sales, Oriol has an eclectic background. He brings a diverse and multicultural business background that includes business development, public relations, corporate account management, and marketing, among other things.

Assisted Living Facility, Mae’s Place Sold

Bristol, NH – Mae’s Place, a licensed 11-bed assisted living /residential care facility for the elderly located at 212 Summer Street, has been sold by Marsha Elder to McCleary Assisted Living Services, LLC.

The transaction was brokered by Gilbert Oriol, Business Intermediary of New Hampshire Business Sales based in Pembroke, NH. Financing was provided by Woodsville Guarantee Savings Bank.

Mae’s Place has helped seniors age with dignity and live full lives while remaining in a familiar and friendly setting. The location in Bristol is known for its quiet neighborhoods and scenic vistas in the Lakes Region in Grafton County.

Marsha Elder purchased and successfully operated the home since 2000. The buyer, Jacob McCleary looks forward to preserving the good reputation that Mae’s Place has had for more than two decades of service, Oriol said.

Yes, You Can Get Financing

Can you finance the purchase of one of our business offerings?

The short answer is yes.

A qualified buyer with a good strategy for running the business will find a sympathetic ear when talking with a bank to help fund an acquisition.

We have been trying for some time to dispel the misperception that banks are not lending money. In fact, they are actively looking for deals to fund.

We have had numerous conversations with bankers looking for ways to put their money to work so they can earn interest on it and begging us to bring them deals to finance.

The negative publicity about bankers comes from a couple of sources.

First the politicians and the media have brought attention to the well-known problems of the really large financial institutions. These issues are generally not relevant to the community banks or SBA lenders that fund small businesses. However, it is commonly interpreted by the public to also apply to small community banks.

Second there are a lot of folks who are mad at banks for not financing deals that, after closer review, do not make economic sense and involve too much risk for anyone to finance.
Another misperception is that bankers getting SBA guarantees on loans really slows down the process, which it used to but seldom does these days.

In fact there are several bank and non-bank groups doing exclusively SBA guaranteed loans that are great to work with and respond with timely decisions. The only down side now to SBA guaranteed loans is the financing charge that can run up to 3% of the loan, but that in many cases makes the difference between getting funding or not, so is worth the expense.

We often see deals listed and advertised as being SBA approved or bank approved. …

Do You Want to Sell?

A good way to start is to think what it would be like buying your own business.

You know your business, but the buyer doesn’t. If you can walk in his or her shoes for a bit, and see a different perspective, you increase your chances of selling.

Look around for things you have not done that might not look nice. Appearance can matter.

What are the things that make it a good operation? What kind of income does it generate, and can you back it up with hard evidence? What kind of market position does it have?

An owner with good answers to these questions improves the prospects of getting a sale.

Our group of brokers helps answer these questions and other key points to maximize your chances for success.…

Village Sports New London a Success Story

As business brokers, we are in the people matching business. It is a pleasure to check on past sales, to see how they have turned out. We challenge our potential buyers during the discovery process, to envision themselves in the role of managing the business. I ask:

Did the purchase of the business live up to your expectation before you bought the business?
Are you making money?
Do you see ways to bring the business to the next level?
Are you happy with your decision?

In the case of Cheryl LaPrade, former Chapter Director of the New Hampshire Motor Speedway’s Speedway Children’s Charities, the answer to all four questions is Yes! Aided by the help of John Kiernan the former owner and founder of Village Sports, Cheryl, in just under a years’ time, has already put her marketing skills to use. With the introduction of new branding for the business, new website, new external signage, new floor plan and new product lines, she’s working towards that next level.

One of her planned new products has been the introduction of the Pedego line of e-cycles, battery powered, power-assist bicycles. On the day that I visited the shop, there were only a few left from the initial inventory. Having already proven to be a big hit, they will be ordered in larger quantities for next year. Other big sellers include recreational and performance paddleboards and kayaks, as well as, the very popular and very quick, pedal kayaks.

Displaying the already successful product lines and the introduction of new product lines will require additional floor space. To further the goal of taking the business to the next level, Cheryl and her husband David purchased the property next to the business for future expansion.

We are happy to share Cheryl’s success knowing that we …

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