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Testimonials What Our Clients & Customers Say About Us Selling a business, often an individual’s largest single asset, can be a lengthy, frustrating and emotional experience, with many twists and turns along the way. CBI’s business intermediaries manage the process each step of the way. What do our clients think of us after the deal is done? Here is a representative sampling of comments. “CBI recently finalized the sale of our family corporation, O’Donal’s Nurseries, Inc. CBI persevered over the last year, weeding out several prospective buyers, generating competing offers and finally helping a family member purchase the business. Their knowledge and patience, together with communication skills, made it possible to accomplish the sale to the satisfaction of all parties involved. At times it appeared that that purchase by our son could not happen, but CBI was able to get the proper people involved, work through the issues, with much patience it worked out to everyone’s advantage. During the period leading up to the transaction my wife, Sally and I learned to trust the CBI team to do the right things to accomplish what we wanted and we slept a lot better with that trust.” “I want to take the opportunity to thank you and the CBI team for the professional representation you provided in the sale of Eagle Bridge Machine and Tool, Inc…..” (read more) “When I approached CBI to discuss the possibility of selling my business, I had very little understanding of what would be involved in this endeavor…” (read more) “After seemingly endless roadblocks, persistence towards a goal has prevailed. There were times during the process that I had doubts, questions and fears. I applaud the CBI team for their professionalism and friendship. I have the reputation of taking relationships in small dosages. Dissecting the sincerity and allowing little else to dilute my opinions. Certainly you can relate to that! After 33 years of being “Mr. Classy Chassis”, considering selling that part of life has been an emotional roller coaster to say the least! It is admirable when controversy, confusion and conflict can be turned around and result in an agreement amongst the parties! I can truly attest to this becoming a reality in my dealings with CBI and on a more personal relationship with the brokers. They have personified the ability to make these things happen. Good work guys! Thanks you for helping us accomplish a goal.” “There is not a week that goes by that we don’t reflect on the experience we had through CBI in selling the business….” (read more) “It was terrific working with CBI. They are astute businessmen and understand the entrepreneurial side of a business venture. It wasn’t just an economic transaction. It was a huge part of our lives and we were proud of our community and our relationship with our staff. CBI was respectful of our needs and that whoever took over our business would carry on that tradition.” “I was especially impressed with your emphasis on finding the ‘right’ buyer for the company, not just mass marketing to locate ‘a’ buyer.” (read more) “I wanted to write a letter thanking CBI for handling the sale of my business, Ray’s Marina and EV Sales. With the brokers of CBI, I felt I could trust them. They got to know me personally and really got to know my business. No one is better at understanding numbers. CBI knows what the banks are looking for, what the buyers are looking for and how to get a deal done. They suggested a way to structure my deal that saved a lot of money in taxes. It’s not the price; it’s the bottom line and what you keep at the end of the day that really matters. CBI gets it. They never tried to push me into a deal just to get a commission. CBI was patient, but also persistent. And after I met the brokers involved, I knew I could trust the company. Selling your business takes a lot of work because you have to sell the business AND run the business. But, we had some good laughs along the way and don’t underestimated how both that, trust and a sense of humor are important working with your broker. I finally sold my business. My name is on that building and my employees will be taken care of because CBI found me the right buyer. I can walk away after 43 years of running my business knowing I did it the right way with CBI.” “CBI’s approach to selling and the actual sale of C.F. Wells was professional and consistent with what was promised. Their communication skills were professional when dealing with attorneys, accountants and potential buyers. CBI’s prior experience has given them the edge in understanding both the buyer’s and seller’s objectives. Making the same decision today, I would not hesitate to have CBI represent me in the buyer and selling of another company.” I sold my business with the help of CBI. CBI helped me to prepare my business for sale and provided me with an accurate assessment of its worth. CBI brought me only qualified buyers and assisted with every step of the negotiation and sales process, including providing me with the most favorable tax strategies. CBI worked closely with my accountant and attorney, both of whom were favorably impressed with their knowledge. Using CBI to broker my business made a fairly overwhelming process into a very manageable one. I believe that CBI made me more money, in less time and easily covered their brokerage fees in the process. I recommend CBI without reservation.” “When Sally and I decided it was time to retire, we engaged CBI to handle the sale of our business for two reasons….” (read more) “The experience was very professional due to CBI’s expertise in continuous communication, excellent negotiating skills and care taken to insure each step of the process was timely and comfortable for both parties. Their expertise in references for lawyers, bankers and accountants helped continue the process for both parties. I feel when the closing was completed, both parties left with a feeling of satisfaction. I feel CBI is an extremely professional group.” “This past summer we began thinking about retirement and spending time at our home in Florida. From reading newspaper articles regarding the sale of medium to large businesses, it was not uncommon to read that a sale could take years depending upon a number of circumstances. We were directed to CBI by two business owners that had used CBI services and a former business broker in the Portland area, all of whom were very satisfied. We then decided to contact CBI for an initial review to get the impression of the business, the type of people who may be interested and a relative idea of what may be the asking price. This initial view gave us a comfort level that CBI understood the many aspects of our business and consequentially were very satisfied with your subsequent value of the business. However, what was more important to us was their enthusiasm toward the entire transaction. It was a surprise that CBI found a potential buyer within one month of the initial visit. With CBI’s vast client base, national business network and history of closings, we knew we had made the right choice. When you decide you may want to retire, your thought process starts thinking about tomorrow not in five years. The entire process from finding the prospective buyers through closing can be tense at times. CBI’s professionalism, tenacity, willingness and ability to deal with everyone involved and dedication to the sellers made the entire process tolerable. Needless to say, we would be more than happy to recommend you to anyone buying or selling their business. In fact, we gave your name to someone today. Take care and thank you for everything.” “My first contact with CBI was in 1989, when we began looking for a business to acquire. We became qualified as CBI buyers, and CBI showed us a company in southern Maine. Although we did not make an offer on that business, we were impressed with CBI. When we decided to sell this business so that we could focus on our other business ventures, we knew immediately that CBI was the business brokerage to call. CBI spent lots of time with us, going over our financials and developing a buyer profile. They elicited a tremendous response, and screened the prospects down to five. We met with these people, all of whom asked excellent questions. They were well informed because of the material CBI had carefully prepared. By the end of the year, a new owner was at the helm of our business. We were extremely satisfied with CBI and if we sell one of our other businesses, we’d call CBI first.” “CBI had an excellent reputation. I knew other people who’d been happy working with them. I’d only sell to a woman who shared my philosophy regarding women’s issues as well as my commitment to quality and service in the business. I was impressed with CBI’s level of conscientiousness. I felt that all along CBI had my interest at heart and wouldn’t quit until CBI found the appropriate buyer for my company. I thought CBI made a tremendous effort to sell a small business, one that didn’t give CBI a huge financial reward. I couldn’t imagine anyone more appropriate than the buyer CBI found. I felt good selling Womanswork to someone who shares my values. ” “CBI was very professional, and they scoured the country for buyers of my companies. CBI digested the numbers I gave them and came up with a fair price. In all three cases of selling my businesses, the prices I got were all close to the target price I was after. CBI did a great job of walking the fine line between establishing a fair price and considering the blue-sky price that I as the seller would like to have gotten. CBI’s fair price is based on years of expertise.” “What impressed me about CBI was how little time I spent selling my company. Once we gave CBI the information that was needed, they did all the work—analyses, bringing in prospective buyers and so on. When I heard about the prospective buyer, I knew he was our man—he knew the company and had the financial resources. The commission I paid to CBI was worth every penny.” “CBI was a tremendous help because they gave me time to operate Eastern, not spend my time worrying about finding prospective buyers. Better still was that they screened everyone, and didn’t bother introducing anyone who couldn’t afford to buy my business.” |
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