L to R: Gilbert V. (Buyer), CBI Tulsa President Dr. John Sherrill, Tom and Roxann Wood (Sellers)
Tom and Roxann Wood, Central Trailer Sales owners entrusted selling their business to CBI Tulsa and Dr. John Sherrill, President of CBI Tulsa. The well-established and successful trailer dealership was sold in January to Gilbert V., who was identified and screened by the CBI Buyer process. Tom said he was approached by CBI and chose CBI Tulsa, because of CBI’s proven processes and ability to understand his business and how to market and sell it. Tom Wood said, “My Experience with CBI from a seller standpoint was very good. John Sherrill was excellent!”
The value of real property was a large factor in the sale of this trailer dealership, with an excellent location on a main highway in Broken Arrow, Oklahoma. This made the dealership very attractive and the business proceeded to close in less than 90 days from initial contact by Gilbert V.
The new owner of Central Trailer Sales, Gilbert V., wanted to escape the city life of Miami, Florida and decided on Oklahoma to settle down. “The CBI team was professional and their buying process was simple and effective. John made sure my questions/concerns were addressed quickly and we enjoyed working with him. He works with integrity and knows the ins and outs of buying a business,” said Buyer, Gilbert V.
John Sherrill said, “We focused on each step in the process and refused to get ahead of ourselves, overcoming any concerns or objections as they were brought to bear through the process. We leveraged the goodwill that was created between parties to get the best price for the seller and to keep the buyer engaged throughout the process. The result was a closing that was truly a celebration, with both a satisfied, excited buyer (who was achieving his dream of business ownership) and a happy seller (who was achieving his dream of retirement with a nice, higher than expected, cash balance in his account).”
CBI served as advisor to Central Trailer Sales in this transaction. During the process, CBI identified many other prospective buyers. If you have been thinking about selling your business of any kind, CBI has a buyer database with thousands of prospects. Contact CBI today at confidential@cbiteam.com or call 877-582-5200 to learn more.
