Senior Executive and Entrepreneur, Todd Pounds, joins Chicagoland Sunbelt

Oct. 17, 2008 - PRLog -- Attention: Senior Executive and Entrepreneur, Todd Pounds, joins Chicagoland Sunbelt
Contact:    Domenic Rinaldi
Address:   8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Phone:    773-243-1603
Email:       drinaldi@sunbeltnetwork.com
URL:       www.chicagolandsunbelt.com
Chicago, IL
Chicagoland Sunbelt, the dominant business brokerage firm in Chicago, announced today that Todd Pounds has joined the company as a Senior Broker.  In that capacity, Mr. Pounds will be responsible for helping business owners, with an emphasis on commercial construction, wholesale distribution, specialty retail and outdoor sporting goods, to develop exit strategies, confidentially market those businesses, manage the negotiation process, and coordinate the closing and post-transition complexities.
“I am extremely pleased to have such an accomplished and talented individual join our team”, stated Domenic Rinaldi – managing partner of Chicagoland Sunbelt.  “Todd has successfully operated and sold his own businesses and he is uniquely suited to help other business owners develop exit strategies and execute the transition of their businesses”.  
According to an article by Trend Tracker, “Statistically, on any given day, 1.7 Million small businesses are for sale in the United States”.  The article further cites that, “The trend of purchasing existing small businesses will be driven in part by older workers who have left corporate America.  Fortified by stock options, retirement buyouts, and severance packages, many will prefer to keep working as their own boss”.
Chicagoland Sunbelt recommends that potential buyers and sellers become educated on the realities of small business acquisitions.  Buyers should be certain to locate transaction-oriented advisors, meet with potential sources of financing, research the local market, utilize a professional business broker and choose a business for the work first and the financials second.  Sellers should also hire a professional business broker, obtain a third-party valuation, confidentially market the business and identify transaction-oriented accountants and attorneys.
Chicagoland Sunbelt is a Business Broker firm that focuses solely on helping people buy and sell businesses.  Chicagoland Sunbelt is also a proud member of Sunbelt Midwest which operates 4 offices in Minnesota, Wisconsin & Illinois and is part of Sunbelt’s worldwide network of 350 offices.

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Chicagoland Sunbelt is an innovative, professional transaction firm that specializes in sale, transfer or merger of businesses.