ENLIGN Business Brokers has acted as the business intermediary in the sale of Wylie’s Golf Carts on 15-501 in Pinehurst, NC. Michael Fekkes of ENLIGN representing the seller, Jan Wylie, assisted in all aspects of this transaction which included providing a brokers opinion of most probable selling price, developing a targeted marketing plan, pre-qualification of potential buyers, terms negotiation and assisting the buyers and sellers attorneys in preparing the closing documents.
Once packaged for sale, the business was marketed through a proprietary ENLIGN methodology. In addition to ENLIGN’s website, enlign.com, Wylie’s was marketed directly to ENLIGN’s internal business buyers list in addition to the top fourteen online business listing services. “The subsequent sale and closing within 60 days of listing the business for sale exceeded both the buyer’s and seller’s expectations, everyone was definitely pleased with the results” remarked Jeff Snell, ENLIGN’s Founder and Principal Broker.
Wylie’s Golf Cart’s was established over 15 years ago and was founded, owned and operated by Jan Wylie. The business, a dealership of the E-Z-GO Brand of Golf Carts, sells, rents and services both new and used golf carts in the greater Pinehurst area of North Carolina, an area often referred to as the “Golf Capital of the World”.
Joe Aceto, Jr is the new owner/operator of the business and will be making a variety of enhancements to the business including a facility up-fit, an introduction of a company website, a more comfortable showroom and an extensive inventory of golf carts, parts, and accessories. When asked about the transaction Joe replied “I enjoyed working with [Mr. Fekkes] on the purchase of my business. It was a real pleasure working with a professional.”
“Joe brings a lot of great ideas to the business and has a passion for customer service. His background in motorized vehicle sales will enable him to be a trusted advisor in helping customers select the golf cart that is appropriate for their lifestyle and needs” added Michael Fekkes.
Jan Wylie commented “With his very hard work and assistance I was able to sell my business for the price I wanted. That is quite an accomplishment during our current economic situation."
Financial details of the transaction were not released.
About ENLIGN Business Brokers
ENLIGN Business Brokers (enlign.com), which has its headquarters in Raleigh, N.C., provides seller and buyer services, professional negotiation, and valuation and marketing services to small- and medium-business sellers and buyers in the Southeast and nationally through the ENLIGN Business Brokers Affiliate program and ENLIGN Professional Partners Program (EPPP). ENLIGN provides business owners wishing to sell their businesses with discrete, objective counsel and valuation advice, and an innovative, comprehensive approach to marketing businesses for sale. Complete confidentiality is offered throughout the process. ENLIGN, which is a member of the International Business Brokers Association (IBBA), M&A Source and the American Business Brokers Association (ABBA), requires that its agents and affiliates have owned a successful business of their own, hold an advanced degree and be members of IBBA working towards or having completed the Certified Business Intermediary (CBI) accreditation. For more information about buying or selling a business or becoming an ENLIGN affiliate broker, contact Jeff Snell.