Success is defined by you!
Your goals, your dreams, and your path. We stand prepared to assist you in that process. .
We believe in results, not numbers. Our clients are more than just a number in the door to us. It’s that simple.
Frank Totten- F2 Garage Solution
Charlie Felker- Free 2 Grow
John Zarbock- BioFit StL
“The SBA and [VetBiz] have been a wealth of information for guiding me through building and scaling my business,” said John.
Chris Daming - Legal GPS
Through the help of VetBiz, Daming was equipped with the knowledge and resources he needed to get his business off the ground.
Veterans are the vanguard of small businesses. Our veteran clients are creating stronger communities by building better businesses. These Case Studies offer a snapshot of how we work with business owners on improving and strengthening their businesses.
Smart Start Learning Center
Military spouse, Margertha Mclean, and her partner Army veteran Greg Mclean contacted the Center in April 2017. They were seeking assistance purchasing a learning and daycare center in Omaha, NE. They met with Senior Business Advisor, Damon Chaffin to discuss valuation and structuring the terms of the purchase agreement. An emphasis was put on ensuring there was a non-compete and consulting arrangement and that the assets/inventory were valued appropriately. They discussed business valuation. Once the purchase agreement was formulated and the financials finalized, they focused on ensuring that renewal increases were capped and the landlord put forward funds for leasehold improvements.
An agreement was reached to eliminate the lease deposit and put that towards the improvements. They have a two-year lease with three and five year options. A final financing arrangement was worked out. Centrist Credit Union was chosen from among three offers. With a final purchase price the lender finances 77% of the deal, the seller 12% and the clients 10%. The bank valued the business at over $200K higher than the purchase price negotiated.
Adonis Electronic Recycling
Senior Business Consultant Damon Chaffin met with Mike Wichlan and Matt Primo for the first time in November 2014. They came to the center fresh out of the ideation stage. The duo was struggling with making their idea a reality and had little to no start-up capital. We could tell they had a good business idea but needed our assistance. We identified the major issues and set about working on them. They were probably a month or two from closing their doors at our first meeting.
Today, they have brought on a new partner, Jim Adolfus, with a cash infusion and plans to invest $12.5K more. Matt is also investing another $12.5K. They have set up a retail space in their location. In addition, they have hired 3 new full-time employees.
Ready to Take Action?
Are you ready to grow your Veteran or Military Spouse owned business? Click the Request Consultation button below to register for assistance. Our team of small business advisors is dedicated to helping veterans and military family business owners build veteran businesses!