From the monthly archives: August 2016

We are pleased to present below all posts archived in 'August 2016'. If you still can't find what you are looking for, try using the search box.

SOLD: National Brand Insurance Agency in Houston

From left to right: Seller, (Buyer), Ryan DeGennaro (CBB Broker)

This well-known nationally branded insurance agency in Houston is ranked among the top four agencies in the U.S. It provides auto, real estate, business, life, and other insurance products. The owner is moving out-of-state, which necessitated the sale of the company.

The buyer was already a licensed agent practicing privately in the commercial space, but wanted to expand into retail markets. This business was the perfect opportunity.

This business took 10 months to sell, but it sold at 100% of listing price.

Ryan DeGennaro listed and sold the business.

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SOLD: Award-Winning NW Houston Day Spa & Fitness Center

From left to right: Seller, Buyer, Marcia Bowron (CBB Broker)

This award-winning Houston Day Spa, Medspa and Fitness Center provides a niche between spa/beauty treatments and med spa services. The seller was a merchandise manager for Foleys and when Macys acquired Foleys, she took a severance package and opened Bella Nova 10 years ago. Ready to spend more time with her family and teenage children, she decided to sell the company.

The Buyer has been a frequent consumer of spa services in the past and has had experience in restaurant management and most recently HR in the corporate world. He only looked for about a month before finding this opportunity. He plans to remodel a bit and bring in new med-spa services. His spouse is an OBGYN and will be the doctor of record for the firm, saving the fees the spa currently pays to their Doctor of record.

The business was sold within two months of going to market at 94% listing price. Some seller financing was part of the transaction.

Marcia Bowron listed and sold the business.

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