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.