Business Brokers See Opportunities for Entrepreneurs

We were featured in the Arkansas Business Journal! Great Article!

Many business brokers in Northwest Arkansas said their traffic was downright dismal during the fourth quarter of 2008. But they said things have picked up dramatically since the middle of the first quarter.

Carl Grimes, owner and principal broker of Sunbelt Business Brokers of Lowell, said many people who are laid off will spend anywhere from three months to a year looking for a job “then they start to look at buying one.”

Mid-March seemed to be the magic tipping point for many “corporate refugees,” as they started looking at going into business for themselves to replace income, he said.

Grimes, who also owns Sunbelt franchise offices in Springfield and Joplin, Mo., said his company closed on about 20 transactions last year.

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