Playbook Advisory Closes the Sale of a Party & Equipment Rental Company

December 18, 2017 (PRLEAP.COM) Business News
Playbook Corporate Advisory, Inc. ("Playbook Advisory") announced today it's latest 2017 completed business sale of a Party & Equipment Rental Company based in Chicago.

The Confidential & Exclusive listing generated over 87 buyer inquiries from all over the United States, as well as a buyer from Canada during the first 90 days of listing. Playbook Advisory presented multiple offers to the Seller and an agreement was executed with a Buyer who had existing industry experience.

The sale of the business was facilitated by Jim Peddle, President & Founder of Playbook Advisory, a leading Chicago Business Broker and member of the IBBA.

"We are delighted with the results of this exclusive listing and with being retained by the Seller to sell their business. In our initial meeting we were informed by the Seller that they had previously attempted to sell their business with another business broker. Although the client was discouraged with the lack of interest during the term of their listing, they smartly understood the value of retaining a professional advisory firm like Playbook Advisory to sell their business." stated Mr. Peddle.

Key Lessons Regarding Listing

  • Sellers should interview multiple business brokers prior to listing the business for sale (Commissions and listing term are negotiable with your business broker).
  • Maximize the interest for your business in the first 90 days to gain maximum leverage with Buyers.
  • Understand the tax implications of selling your business and address specific issues during the Letter of Intent stage of negotiations. "Our client had to deal with depreciation recapture and allocation issues and we took action during negotiations with each Buyer," added Mr. Peddle.

    Our Focus: Playbook Advisory

    "Our only focus is the buying and selling of businesses," added Mr. Peddle. "Our Business Brokers offer an initial free Consultation & Valuation for your business - we can customize a confidential marketing plan to successfully sell the business in 3-9 months."

    About Playbook Advisory:

    Playbook Advisory was founded in March 2016 to support business owners in need of a professional resource to assist with the listing, marketing, and sale of their privately held businesses. Our business brokerage firm has grown quickly since inception with the listing of over $25,000,000 in businesses in and around Chicago. With over $12,000,000 closed year to date, our firm is ranked in the top 5% Nationally. Please contact Jim Peddle at 312-525-9622 or go to the company's Corporate website - www.playbookadvisory.com for more information regarding our business brokerage firm.

    Source: Playbook Corporate Advisory, Inc.

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