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Where Are They Now? Updates on Businesses for Sale

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Where Are They Now?
Here's an update, from the September 2000 issue of Inc. magazine, on the companies featured in Inc. magazine's Business for Sale column from April 1999 through March 2000. Click on a company's name to view the original profile.

Company: Texas minichain of pizzerias
Date featured April 1999
Annual sales: $1.8 million
Asking price: $705,000
Number of inquiries: 10 to 15
Result: Several deals stalled because the seller refused to sign a noncompete agreement.

Company: East Coast tent rental company
Date featured: May 1999
Annual sales: $1.2 million
Asking price: $1.1 million
Number of inquiries: 80 to 90
Result: Got plenty of interest, but out-of-date financials discouraged bids.

Company: Packager and distributor of safe-sex products
Date featured: June 1999
Annual sales: $104,000
Asking price: $75,000
Number of inquiries: About 150
Result: Sold to an Inc. reader in August 1999 for asking price.

Company: Mid-Atlantic violin shop
Date featured: July 1999
Annual sales: $384,000
Asking price: $295,000
Number of inquiries: 20+
Result: Still on the market after partnership breakup disrupted sales.

Company: Rocky Mountain window cleaners
Date featured: August 1999
Annual sales: $556,000
Asking price: $439,000
Number of inquiries: 25 to 30
Result: Sold in September for $430,000 to someone who read an advertisement in the local newspaper.

Company: Southeastern retailer of nautical books and charts
Date featured: September 1999
Annual sales: $3.9 million
Asking price: $2.25 million
Number of inquiries: 498
Result: Received three offers and was sold to an Inc. reader in February for $2.5 million.

Company: Business-to-business Web site
Date featured: October 1999
Annual sales: $123,000
Asking price: $229,000
Number of inquiries: About 200
Result: Sold to a customer (before the article appeared) for the asking price.

Company: Texas liquor retailer and wholesaler
Date featured: November 1999
Annual sales: $6.8 million
Asking price: $3.75 million
Number of inquiries: 100
Result: A $3 million deal fell through in February; revenues have dropped to $4 million; the company is still on the market at a reduced price of $2.5 million.

Company: Holiday products manufacturer
Date featured: December 1999
Annual sales: $1.8 million
Asking price: $1.8 million
Number of inquiries: 75+
Result: Still on the market.

Company: Carpet-and-upholstery cleaning franchises
Date featured: January 2000
Annual sales: $235,000
Asking price: $290,000
Number of inquiries: 323
Result: Still on the market.

Company: Mid-Atlantic vending route
Date featured: February 2000
Annual sales: $450,000
Asking price: $490,000
Number of inquiries: About 15
Result: Still on the market.

Company: Payroll service and software developer
Date featured: March 2000
Annual sales: $450,000
Asking price: $2.1 million
Number of inquiries: 42
Result: In May the company sold its customer list to a competitor for $900,000; rights to software are still on the market for $1 million.

Last updated: Aug 19, 2000




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