When executives talk about a company’s assets, they generally refer to people, property, buildings, equipment, clients, job contracts and intellectual property. I’m sure there are more, but how often do executives think that some of their greatest and most valuable assets are old insurance policies that were purchased 10, 20, even 50 years ago? It’s […]
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Are You Considering Buying Or Selling A Drycleaning Business?
The purchase or sale of a drycleaner property and business is a delicate dance between the parties involved because of the potential discovery of PCE contamination and other environmental liabilities during the due diligence process. Luckily, there are options available to both buyer and seller to keep a deal from falling through. First, you need […]
How to Sell Your Dry Cleaning Business in Three Steps
Jeff Carnahan, President of EnviroForensics and Richard Ehrenreich, Managing Member and Principle Consultant/Broker of Ehrenreich & Associates, discuss how environmental contamination issues can impact the process of selling a dry cleaning business and how dry cleaners can best prepare for the transaction. We’ve talked several times in this featured column about what triggers an environmental […]