Successful Dental Practice Transitions to Young Dentist
When local dentist Dr. Mike Hamilton was ready to hang up his scrubs, Filament was there to step in to find a young dentist ready to take the toothbrush! Filament executed an asset analysis for Dr. Hamilton along with a practice valuation and advertised the business in multiple trade and general consumption publications. When Filament found a suitable buyer, we were able to arrange 100% financing with a local bank to make the transition easier for the buyer from a financial standpoint. Today, the new dentist is thriving and has created lasting value for the practice, and his family.
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Top local restaurateur passes the ownership mantle to his chef
Timing is everything, in cooking and business. When growing from management into ownership, it helps to both know the right people and have their support. In this case, the owner wanted to sell the business and concentrate on his other ventures, and the chef’s family wanted to help him ensure security for years to come. Filament not only helped mediate the deal, but is supporting the chef and his family in navigating the bureaucratic maze of buying and owning a restaurant in Richmond.
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Capital One Executive preps for Franchise Ownership with CertaPro
Long time Capital One executive Rich Agostino reached out to Filament when he decided it was time to take ownership of his life. He was looking for a solid business to buy, run and improve over time but wasn’t particular about what kind of business. After learning about his skills and needs, Filament suggested he look at the local CertaPro Painters franchise, which happened to be for sale. Filament put Rich in touch with the local franchise coach and guru, Gus Iurillo, another Capital One Alumnus, who helped pave the way for Rich. Most franchisors prefer to sell new franchises, so when existing franchisees want to sell, they frequently reach out to Independent Business Brokers like Filament Business Advisors.
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Yellow Umbrella adds a new location via acquisition
When Steve Gooch realized that he only had 24 hours in his day, and after 2 years of finding, designing and building out the Stables Market at Libbie Mill, he decided he had to sell so he could attend to his new job as a health care CEO. Yellow Umbrella had been on a growth spurt recently, and the opportunity to take over the Market and stock it with all the premium prepared foods they already made was too good to pass up. Filament talked up the whole hub-and-spoke distribution and sales network. The Brown family brought all their kitchen staff over to see if they could take on the extra work and the rest is history.
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New owners buy the Coco and Hazel chain to grow the brand
Laura Hinkle, with Capital One, and her friend Carrie Walker, owner of a mental health practice, had spent several evenings dining at Coco and Hazel together, talking about how much they loved it and what they would do to change it if they owned it. Already in that headspace, when they read our listing, they had to learn more. When they realized that their favorite space was for sale, they decided to dive in as an investment and a project using their current and long dormant food service skills to start a delicious project together. The sellers had just bought the business a year prior from the founder, and had done much to modernize and clean up operations, but had to leave for family reasons.
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A Veteran buys out a Fire Extinguisher sales and service company
When Robert Beale left his job in corporate America 20 years ago, he started his own business installing and servicing fire extinguishers and systems throughout Isle of Wight county. When he wanted to retire and pass the business on, Filament had to find a person who wanted to build on what Robert had built at Windsor Fire Extinguisher Sales and Service and was willing to hop right into Robert’s seat. Solo-preneurships need just the right person to fill a founder’s shoes. Adam Davis, an Air Force Veteran and logistics manager was looking to build a family business to make money, keep his teen boys out of trouble and serve his community. With several months of training from Robert, Adam has started building and growing his American Dream.
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A popular gastro-pub finds a new owner fleeing corporate America
Thomas Jenkins was more than ready to leave behind the grind of his job in corporate America. When he saw the ad for the beloved Franklin Inn, a longstanding bar and grill in the Museum district, he jumped. It was exactly the kind of Cheers-like atmosphere he’d always looked for in a restaurant – and the kind where he saw himself. With some help from Filament and local serial restaurateur Steve Gooch, the seller, he was able to take over a fun, profitable, reliable concept and realize his dreams.
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A Boutique Winery goes vertical by adding a Gourmet Market and Catering Firm
Feast! in Charlottesville had been growing for over 20 years by cultivating a sophisticated clientele with a curated selection of specialty foods, wines and other local artisanal products. It became the epicenter of the Charlottesville food scene when owners Kate Collier and Eric Gertner decided it was time to sell. Filament put together a strategic deal for Elizabeth Pelly, owner of Merry Mill Winery. Elizabeth was a loyal customer and wanted her winery to have access to others like her. She also wanted to improve the food offerings at Merry Mill. She was able to capture Feast!’s business, find another channel for her wines, and add value to her own business.
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A popular Mediterranean Restaurant joins a growing chain of Greek Restaurants
More than Greek owner Denise Katz built a loyal local clientele in Mechanicsville over several years and not only survived Covid, but thrived. Her food was so good, and her staff so loyal that she was able to accommodate all of her customers with pickup until restrictions eased. Ibo Pinar was seeking to expand his burgeoning Bell Greek empire and found Denise’s business too good to pass up. It gave him more geographic reach, great recipes and talent in the midst of a labor shortage.
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A growing Engineering Firm takes an established Architecture firm in house
Noted local Architect Joe Yates wanted to eventually retire from his decades-old JFY Architects, but didn’t want to stop working. Filament tried multiple strategies, including bringing on junior architects to gradually take over and talking with larger local firms, but found the perfect fit with a growing Engineering Firm, Process Design and Service. Owner Greg Barlage wanted to both bring architectural services in house and also add on engineering services to Joe’s book of business. Joe has been able to continue being an architect while not having to worry about the business part of his business.
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