Success is defined by you!
Your goals, your dreams, and your path. We stand prepared to assist you in that process. Visit the websites of veteran and military families like you who have decided to start or expand their business with our assistance.
Frank Totten- F2 Garage Solution
Frank Totten owner of F2 Garage Solution and Air force veteran shares his experience working with the Center.
We believe in results, not numbers. Our clients are more than just a number in the door to us. It’s that simple. We’ve highlighted some of our advanced stage clients who are continuing to grow and expand their businesses.
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.
Army veteran Chris Daming began working with the Center in August of 2017 seeking advice on his small business plan and recommendations for improving his pitch. Chris had applied for some pitch competitions and grants and wanted our consultants to review and revise with him. After speaking with the Senior Business Consultant, he forwarded his plan and pitch for feedback. Damon spent the next several months with Chris discussing his pricing structure, messaging, and long term strategy.
After working with the Center for about 8 months, Chris and Lauren launched Legal GPS, a proactive all-in-one legal technology app for entrepreneurs. They recently hired another successful small business attorney to be their Chief Content Officer and are growing steadily. Chris now attends the Veterans CEO Roundtable monthly to keep connected to other CEOs and keep his business moving.
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.
Take the next steps?
Do you have a business idea? Are you ready to grow your already established Veteran business?
The first step is to Request Counseling so that we can assist you. We will take it from there. Our counselors are skilled at getting you from point A to B. Your unit has not left you!