There is nothing more expensive than bad advice
The Situation: Kensington met with the owner of a franchise children’s day care center who was looking to sell his business. This was a sellable business which Kensington was eager to work on, even though it was not without its challenges, as revenue and enrollment...
Read moreThere is nothing quite like a face to face meeting
The Situation: Kensington was engaged to sell two Dunkin Donuts in New Jersey, and quickly found a buyer. The buyer and seller came to an agreement on the price and shortly signed a contract. When it came time for the landlord to assign the lease...
Read moreReasonable People Can Come to Reasonable Solutions
The Situation: A husband and wife team owned 8 Gymboree franchises- 4 on Long Island and 4 in NYC, and were looking to retire. They had reasonable, but high price expectations, and truly cared about who would be taking over the business they built. None...
Read morePatience is a Virtue
The Situation: Two older brothers owned and operated a manufacturing company for over 60 years. They owned the real estate as well, and wanted a very high premium for their business and property, well above what the market would typically dictate for what they owned....
Read moreLimo Drivers Don’t Always Make the Best Business Owners
The Situation: A wealthy individual purchased 2 Subway Franchises for his limo driver. After a few years the limo driver had a falling out with the individual, and the businesses were left without supervision. The owner of these stores had no interest in the stores,...
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