Andy and Jessica welcome you to another episode of The Deal Board. This time they are sharing with you a business owner story with Bryan Clayton from GreenPal and Barry Sloane from Newtek Business Services. Both are sharing their successful business stories in times of pandemic. There is a way to grow your business into the valuation you want to get, listen to this episode and find out how!
Listing of the week: Sam Curcio (New York) is selling a clothing retailer in NY city with three locations; they offer a green solution for clothing shopping by selecting vintage pieces with the highest quality and best trend. They do 20% of their sales online. Total sales of $3.5 million. SDE: Over $1.6 million. Listing price: $8 million (down payment of $6.5 million). The business is pre-qualified by two SBA lenders. It comes with $212,000 worth of inventory. Call Sam at (646) 470-9433 or email scurcio@tworld.com.
Key takeaways:
[5:53] Barry Sloane, CEO of Newtek Business Services, talks about the new services his business is providing.
[9:05] This might be the perfect timing to sell and buy businesses.
[9:46] Barry explains why his program is good for people with either big or small balances that do not conform with the SBA standards.
[10:33] Barry shares his perspective on the current situation for businesses.
[12:29] How is Newtek helping people save money?
[15:59] Deal of the week: Jenna Porzillo (Bel Air, Maryland) closed a deal in the home brewery business that has been in business for 30 years.
[19:14] Bryan Clayton, CEO, and co-founder of GreenPal.
[20:08] Bryan talks about who he is and what he is passionate about.
[22:21] Bryan shares about the first time he thought of preparing to sell his business.
[24:37] Bryan shares the lessons he learned in the process of exiting his business.
[27:14] How was the transition process with the new buyers?
[29:31] When did Bryan start thinking about his new venture?
[31:44] What is Bryan's secret to start businesses and grow them quickly?
[34:20] What are the biggest challenges Bryan faced at GreenPal?
[37:54] Bryan talks about his most recommended books for entrepreneurs who want to grow their businesses.
[40:19] Listing of the week: Sam Curcio (New York) is selling a clothing retailer in NY city with three locations. Total sales of $3.5 million. SDE: Over $1.6 million. Listing price: $8 million (down payment of $6.5 million). The business is pre-qualified by two SBA lenders. It comes with $212,000 worth of inventory.
Mentioned in this Episode:
The Deal Board Podcast
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United Franchise Group
Transworld Business Advisors
Transworld on Linkedin
Transworld on Facebook
Call us — (888) 711-9018
Email us thedealboard@tworld.com
Newtek Business Services
GreenPal
Bryan Clayton on Linkedin
Call Jenna Porzillo at (443) 654-5013 or email jporzillo@tworld.com
Call Sam Curcio at (646) 470-9433 or email scurcio@tworld.com
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