(San Ramon, CA) ABI Group, Inc. (Business Sales, Valuations, Mergers & Acquisitions) announces it has just closed a transaction amid the Covid-19 pandemic.
Allstar Medical Supply, located in downtown Walnut Creek, California has transitioned to new ownership. The state of the art-showroom and knowledgeable, caring staff serves the SF East Bay catering to those in need of health and medical products by offering over 1000 products including lift chairs, hospital beds, electric scooters, walkers, wheelchairs, canes, as well as products for safety, orthopedic support, wound care and many other aids for daily living.
“I founded Allstar 10 years ago in an effort to serve the senior community and utilize my healthcare background as a pharmacist. Over the years, we’ve developed a competent, well-trained staff and a very wide array of products which allow customers to live independently longer. It’s been a very fulfilling business for me”, said Michael Kuller, previous owner. “In preparation for retirement, I reached out to a local M&A Broker to help me explore options. Amy was great, start to finish. She took the time to deeply understand the value prop and prepare materials which generated multiple offers. She worked closely all parties with throughout the transaction to a swift closing. I highly recommend her.”
The new owner, Nicole Barletta says, “My husband and I had been searching for the right business for some time and when this one popped up on the listing website, I inquired immediately. It was important to me to find a business that allowed me to contribute back to the local community. I’ve always had an interest in offering solutions to people with challenging healthcare needs. We were able to move quickly through the due diligence and escrow process. Amy was instrumental in helping keep the deal moving forward. She provided professional resources which were also key setting me up for success.”
Mike added, “We couldn’t have anyone better than Nicole. She cares deeply about people and is a smart businesswoman. She will bring a fresh perspective to the store and our customers are going love her!”
Cole is a California Certified Business Broker and M&A Advisor with ABI Group. She is a seasoned professional and trusted advisor for buyers and sellers focused on business sales, acquisitions and mergers. Additional information is available by contacting Amy at 925-890-6012 or acole@abi-ma.com. She is available to the news media or for speaking engagements regarding acquisitions, sales, and mergers of closely held businesses and the market for them.
Allstar Medical Supply has a large, well-lit showroom, easy parking and features a wide range of products. Its caring, knowledgeable staff help customers find the right products and can fit and adjust them as needed. Delivery and set up is included for Scooters, Lift Chairs, and Home Hospital Beds and the store provides warranty and service for these products for two years from purchase date. They can be visited at: 1930 Mt. Diablo Blvd (intersection of Alpine Rd. and Mt. Diablo Blvd) in Walnut Creek, CA 94596, or call (925) 932-3100, email: allstarmedicalsupply@outlook.com or visit online: https://www.allstarmedicalsupply.com
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ABI Group, Inc. is a leader in serving the M&A needs of small to mid-market companies. The firm has assisted hundreds of owners in the sale of their business since 1984. Using extensive experience and expertise, the team works closely with clients to help them achieve the maximum post-tax proceeds in a timely manner. Because each client is unique, they provide the personal attention and custom approach of a local firm. Yet, the ability to deliver advantages to each client is strengthened by the knowledge of and access to global markets.
To whom it may concern:
I cannot recommend Amy Cole of ABI as a merger and acquisition specialist highly enough.
When I decided to sell Allstar Medical Supply, a local 10 year old business, so I could retire, my accounting firm suggested three different brokers. After interviewing them all, it became obvious that Amy would do more than simply find a buyer for my business, she would be able to “tell my story” about a successful retail business in a time of declining retail stores and increased internet sales.
This is the fourth business I have started and sold (two to publicly traded companies) and Amy is simply the best business broker I have seen or worked with. She takes the time to thoroughly understand your business, the market, the competition and the business environment. She dug very deeply into my business and put together a book which described it in detail, including a valuation that was easy to agree with. Her use of interactive internet formats makes communicating, updating documents and to-do lists a breeze.
But more important than Amy’s organizational skills and attention to detail is her warm personality. She is relaxed, very easy to work with understands how to bring a buyer and seller together so that any deal is a win for both. From the time she introduced the potential buyer to me, she carefully walked the two of us through any potential stumbling blocks – all the way through licensing and tax issues to introducing my staff to the new owner and making the transition a success after the deal closed.
In my case this became even more challenging after we had a signed agreement because of the COVID-19 pandemic and quarantine, with dropping sales which happened a few weeks before escrow was to close. Amy was able to support both of us through this with some additional financial analysis and a risk-sharing compromise so we ended up without a large price adjustment. Without her, I’m afraid the deal would not have closed.
Amy is the best. She can find a buyer for your business and make it successful in a pandemic. What more can I say?
Michael Kuller, President
