Business Owner Stories: Grow Your Business into Your Dreamed Valuation

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 [email protected]. 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 Subscribe to The Deal Board Podcast YouTube Channel United Franchise Group Transworld Business Advisors Transworld on Linkedin Transworld on Facebook Call us — (888) 711-9018 Email us [email protected] Newtek Business Services GreenPal Bryan Clayton on Linkedin Call Jenna Porzillo at (443) 654-5013 or email [email protected] Call Sam Curcio at (646) 470-9433 or email [email protected]

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