Grocer buys out partners with a little guidance from NBDC
Blake Schwartz has worked in grocery stores since he was old enough to get a job. He started as a bagger and gained experience in every department from frozen foods to produce. Ultimately, he bought out three co-investors in Hometown Market in St. Paul to become its sole owner.
Schwartz credits the expertise of NBDC consultant Sara Bennett with helping him navigate and complete the daunting paperwork involved in the loan application and purchase.
"When it came to determining Fair Market Value, everyone seemed to have their own definition," Schwartz says. "But Sara's knowledge of the valuation process was extensive, especially knowing which questions to ask and answer."
"To get help from a professional like her really proved what the business was worth, and that impressed our bank."
Consultant helps sellers and buyers make best deals through professional valuations
Sara Bennett, MBA, CVA, CEPA, CBPA, EDFP
services the rural markets in Central Nebraska from pre-venture through start-up and growth phases. She specializes in performing certified valuations and exit planning. Bennett has been singled out for her professionalism by the Association of Small Business Development Centers, Grand Island Chamber of Commerce and the National Association of Certified Valuators and Analysts.