Jim Cohen, CBI and Broker, Chicagoland Sunbelt, Sells $3 million in 2010

March 14, 2011 - PRLog -- CHICAGO, IL – March 14, 2011 – Chicagoland Sunbelt  announces today that Jim Cohen, Certified Business Intermediary and Lead Broker of Chicagoland Sunbelt, was named to the Sunbelt Business Brokers President’s Club in recognition of selling over $1 million in transaction volume in 2010. His actual volume was over $3 million. Two of his transactions were over $1 million. Cohen has been a business broker for five years and been named to the President’s Club the last four years. Only 50 brokers worldwide received this distinction in 2010. (http://www.chicagolandsunbelt.com)

Asked about his success selling businesses, Cohen stated “Selling your business is hard and you need a team to make the process as successful and painless for both sellers and buyers. At Chicagoland Sunbelt I have a team behind me. Business owners know that day-to-day they need accountants and lawyers but when it comes time to sell the business, a business broker is the right professional to make the transaction happen.”

Every business sold by Cohen this year drew multiple buyers and offers except one that received and closed at full price and all cash. 2010 was an interesting time in the market. Demand for good businesses with six figure cash flow was significant but supply was severely limited. This market continues now but eventually as businesses recover and Baby Boomers start to put their businesses on the market en masse, buyers will have the upper hand and demand and supply will balance out. Chicagoland Sunbelt anticipates when this happens buyers will have the leverage.

“What Cohen experienced in his transactions we saw in the general market for business sales, too,” stated Domenic Rinaldi, Managing Partner of Chicagoland Sunbelt. “Transaction professionals at all levels of the market from Main Street business sales to multi-million dollar deals remarked that in 2010 there were very few good deals out there being chased by multiple interested parties.”

Market indication are that this trend is here to stay for awhile but all parties anticipate that will change in the future. Transaction professionals are recommending that if a business owner can go to market sooner rather than later they will reap the rewards.

About Jim Cohen

Cohen is a Certified Business Intermediary and the Lead Broker for Chicagoland Sunbelt.  Having spent more than twenty years as an owner of multimillion-dollar domestic and international manufacturing businesses, Cohen brings a wealth of experience in buying, operating and selling closely held companies.  He has firsthand knowledge of the passion that drives the needs and concerns of individuals selling their businesses.
Cohen represents owners in the confidential sale of businesses ranging from one to twenty million dollars in revenue.  Jim has also represented clients in sectors including automotive, construction, education, financial, food service, health care, industrial maintenance, medical supplies and technology.  These sectors span business-to-business, direct to consumer, distribution, manufacturing, retail, and wholesale channels.

Cohen is a proud member of the International Business Brokers Association and holds the Certified Business Intermediary® (CBI®) designation. This designation sets the industry standard within the intermediary community, and provides assurance of professionalism to clients and other key advisors.

To see Cohen’s complete bio visit http://www.chicagolandsunbelt.com/team-Cohen.htm

About Domenic Rinaldi

Domenic Rinaldi is the President and Managing Partner of Sunbelt Chicago. He was awarded the professional designation of Certified Business Intermediary from the International Business Brokers Association and is considered an expert in the field of business brokerage. He is a seasoned executive who brings over 24 years of proven experience in merger/acquisition, sales, service, marketing and operations to the business brokerage arena.

His career began at Sprint Corp, where he spent 13 years in sales and operations. As VP of their Hospitality Division he led a national organization to $250 million in annual revenue. His experience as Chief Operating Officer of an e-commerce travel company offered the opportunity to grow a Silicon Valley startup into an international solutions provider. Additionally, Rinaldi’s small business experience running a New York City technology company gave him firsthand knowledge of the challenges facing business owners. It was at this privately held company he learned the business of raising venture capital and driving a small company to profitability, which ultimately resulted in an acquisition.

The business press frequently turns to Rinaldi as a subject matter expert oin small and lower middle market transactions in Chicago. Most recently he was quoted in Crain’s Chicago Business:  http://www.chicagobusiness.com/article/20110212/ISSUE02/3...

To see Rinaldi’s complete bio visit http://www.chicagolandsunbelt.com/team-Rinaldi.htm

About Chicagoland Sunbelt

Chicagoland Sunbelt is a business brokerage firm that focuses on helping people buy, grow and sell businesses in Chicagoland and the surrounding Midwest. Having sold hundreds of businesses, Chicagoland Sunbelt specializes in a broad range of industries, including business services, distribution, food & beverage, franchises, personal services and retail. Its experienced team of M&A brokerage consultants also develop and execute comprehensive strategies designed to meet individual financial and non-financial goals.
Chicagoland Sunbelt is also a proud member of Sunbelt Midwest, which operates offices in Minnesota, Wisconsin & Illinois. For your next business purchase or sale, visit Chicagoland Sunbelt at http://www.chicagolandsunbelt.com.

# # #

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