Playbook Advisory Kicks Off 2018 With Sale of Two Businesses in January
M&A Activity Continues Record Pace of 2017
CHICAGO, February 2, 2018 (Newswire.com) - Playbook Advisory (www.playbookadvisory.com) announced today the closing of two Chicago area businesses that were successfully managed and brokered by Jim Peddle, the firms President and Founder.
The first closing for $1.275mm was for an established Automobile Repair and Service business located in Aurora, Illinois. The seller, a 30-year veteran, chose Playbook Advisory as its exclusive business broker to divest one of its three stores located in Chicago.
The business was purchased by a private investor seeking to acquire and operate his first automotive repair store. Financing for the real estate and business purchase was provided by U.S. Bank, a leading national provider of SBA loans for business acquisitions.
The second closing Playbook Advisory announced was a pet services company located in Barrington, Illinois. The seller purchased the business over ten years ago from the founder and was ready to move on to retirement in 2018. The buyer was generated from an ad with Bizbuysell that the broker showcased online during the listing engagement. The purchase is the second made by the buyer in the pet services industry.
"We are off to a great start for 2018 and believe we will exceed the number of business sales from 2017 based on our strong pipeline of businesses for sale. Sellers really should look to capitalize on this strong market, and if ready to sell, call us so we can get your business ready to sell this year," stated Jim Peddle, President, Playbook Advisory.
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 in 2017, Playbook Advisory is one of the areas leading business brokerage firms. Interested Buyers and Sellers may call Jim Peddle to discuss goals and objectives.
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.