September 2020 – Grand Rapids, MI-based Small Business Deal Advisors (“SBDA”) is pleased to announce the successful sale of Oink's Dutch Treat ("Oink's") to an individual investor.
Oink's Dutch Treat is a New Buffalo, MI-based ice cream and yogurt shop that boasts a long-term and loyal customer base. Patrons enjoy visiting Oink's for its wide variety of ice cream flavors and to view the shop’s extensive selection of interesting ice cream memorabilia.
“I’m very pleased with the outcome of this process. I was impressed with the number of buyers brought in. We received three offers in the first few weeks on the market. Doug promised me SBDA had a large database of buyers and robust marketing plan, but receiving three offers and getting over asking price was a nice surprise, especially in the middle of the COVID shut down!” commented the former owner, Roger Vink, “There were some challenges with financing, early possession, easements with an adjacent property, and valuing collectibles that were included in the sale. We could not have completed the sale without the expert guidance and relentless push to get over every obstacle. I couldn’t be happier.”
The buyer, Michael Schimanski, is thrilled about the acquisition. “I appreciate what Roger has created over 34 years. It is a fantastic business, and I look forward to continuing operations in the same manner that visitors have loved for years.”
Small Business Deal Advisors advised Oink's Dutch Treat 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. The transaction was managed by SBDA Associate, Doug Yntema.
The Oink's transaction marked the combined record SBDA/Calder Capital 26th closing of 2020!
Terms of the transaction were not disclosed.