Maegan Jackson acquired Studio 24 of Siloam Springs, Arkansas. CBI Northwest Arkansas Business Broker James Quick represented the Seller and Buyer for this transaction.
Studio 24 contacted CBI Team in early August. Although Studio 24 generated a lot of attention when James and the CBI Team took it to market, within 4 weeks a key employee of the business, Maegan Jackson, contacted CBI Team with a strong interest in buying. After a meeting with the Seller, Meg Gray, Maegan made a verbal commitment to purchase Studio 24. Maegan and her mother Stephanie contacted Today’s Bank immediately and started the loan process. Meg and Maegan are both 1st-time business owners. Both sides had their parents involved as advisors. Just after closing James said, “Everyone seemed to hit it off from the beginning and that’s how I know this transaction is going to flourish.” Due to their great relationship and shared passion for the business, it is clear that Studio 24 will continue to thrive, now in the hands of Maegan Jackson.
Gary Gray told James that when he was searching for the best business broker, CBI Team and their brokers kept being mentioned.
The CBI Team has identified many other prospective buyers for just about any kind of business. If you are considering selling your business anytime in the next few years, contact CBI today for a free, confidential business review at confidential@cbiteam.com or call 877-582-5200. To grow your business, consider CBI’s Certified Value Builder program!
