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"The folks at Robbinex, during their initial
analysis of my business determined that we had to deal with major
issues:
- A major environmental problem from a former
owner
- Tax problem as a result of my son's business
being a division of my company
- A vendor held mortgage was due and not renewable
- Value enhancement opportunities were identified
- At 68, my health was suffering because of
the pressures of owning a business
"Robbinex greatly assisted in dealing with all
these issues. My company was restructured in such a way that we
were able to transfer the business to my son, tax free. The environmental
problems were cleaned up over a two year period. Robbinex's Value
Enhancement Recommendations were implemented resulting in a sales
increase of $4 million with the bottom line being doubled and
my personal time spent in the business being substantially reduced.
Robbinex had offers from three buyers at the same time. In conclusion,
the business was sold for almost $1 million more than the valuation
price... and I received all cash. I heartfully recommend the folks
at Robbinex."
Jack Verity
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