Small Business Deal Advisors (“SBDA”) is pleased to announce that it served as the M&A Advisor to Rainbow International of Van Nuys (California) in its sale to an individual investor.
Established in 2011, Rainbow International of Van Nuys is a provider of residential and commercial cleaning and restoration services. Rainbow’s capabilities include water, fire, and mold damage restoration to residents and businesses of Los Angeles County.
Sarkis Hakopian, the seller of the franchise, stated, “We worked with SBDA to prepare for and execute this transaction. SBDA played a critical role in the transaction process from deal preparation through closing and was instrumental in the successful sale. Thank you!”
Doug Yntema, the lead broker, and SBDA advised Rainbow International of Van Nuys 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.
Established in 1981, Rainbow International® offers home restoration, commercial restoration, and carpet cleaning services through over 400 locations worldwide. Rainbow International's mission is to position franchisees in the marketplace to become the premier choice for restoration and cleaning services by always exceeding their customers’ expectations. Rainbow International is owned by Neighborly, the world's largest parent company of 28 home service brands and more than 4,500 franchises in nine countries.
Terms of the transaction were not disclosed.