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Jamestown Quik Stop Sold to Individual Investor

Small Business Deal Advisors (SBDA) is pleased to announce the successful sale of its client, Hudsonville, MI-based Jamestown Quik Stop, to an individual investor.

Founded in 1977, Jamestown Quik Stop is a convenience store that sells a variety of products including craft beer, liquor, wine, snacks, and other grocery items. The Company is known for its Craft Beer Corner which offers a large selection of craft beers. A diverse product line and growing area propelled 9.3% compound annual growth in revenue since 2013.

Joel Zylstra bought Jamestown Quik Stop in 2004 and has overseen operations since. He decided to sell the business in order to spend more time with his family. “It was a real pleasure working with Small Business Deal Advisors. They were professional, dedicated, and got the job done. Thank you, Doug and team!”

The investor that purchased Jamestown Quik Stop is Brad Burke. Brad plans to remodel and expand the store, as well as add a pizza franchise. “Jamestown Quik Stop was exactly what I was looking for. I am very excited to renovate the building and grow the business. Thank you, Joel, for running a great business and thank you SBDA for helping us get the deal done.”

The transaction was led by Associate Broker Doug Yntema. Doug commented, “I am really happy we were able to connect Brad and Joel. It was a great fit and I’m excited to visit the store after Brad executes his vision for the property.”

SBDA advised Jamestown Quik Stop on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods.

Terms of the transaction were not disclosed.

What Makes Us Different?

1) No Exclusive Contract – We are only paid if we find the buyer.

2) No Long-Term Contract – Our program is month-to-month; cancel anytime.

3) High Traffic Marketing – Our marketing businesses for sale pages have high Google presence and attract 1,000s of business buyers per month! Our database has over 35,000 buyers.

4) Best of All – We leverage technology and a proven process that allow us to charge lower commissions than traditional business brokers. Our commission is 6% instead of the industry standard 10%+, saving you thousands of dollars!

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Fair Market Value shall be defined as the price at which the property would change hands between a willing buyer and a willing seller, when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both parties having reasonable knowledge of relevant facts. Court decisions frequently state in addition that the hypothetical buyer and seller are assumed to be able, as well as willing, to trade and to be well informed about the property and concerning the market for such property.

Although the valuation is intended to estimate fair market value, we assume no responsibility for a seller’s or buyer’s inability to obtain a purchase contract at that price. In performing our valuation, we will be relying on the accuracy and reliability of the Company’s historical financial statements, projections, and/or budgets of future operations or other financial data of the Company. We will not audit, compile, or review those financial statements, projections, or other data. We will not express an opinion or any form of assurance on them.

Furthermore, no aspect or conclusion of the report is meant to be construed as legal advice, or any other type of professional advice or counsel (such as tax, accounting, or investment advice).  We do not assume any liability, obligation, or accountability to any third party under any circumstances.  The client agrees to hold the appraiser harmless in the event of a lawsuit initiated by any party other than the client.