Press Release

FOR RELEASE ON NOVEMBER 16, 2010

HENDRICKSON BUSINESS ADVISORS SPINS OFF BUSINESS BROKERAGE DIVISION

CAPE GIRARDEAU, MO, November 16, 2010 – Jennifer and Rhett Hendrickson of Hendrickson Business Advisors announced today that they have spun off their business brokerage operations and will now be offering comprehensive business brokerage services through Murphy Business and Financial Corporation [murphybusiness.com].  Murphy is one of the largest and most successful business brokerage firms in North America with brokers located throughout the United States and Canada specializing in businesses for sale, franchises, valuations and related services.

Craig Bohnsack and Tony Smee have joined Jennifer as business brokers for Murphy Business and will also serve as consultants through Hendrickson Business Advisors.

Bohnsack has been a community banker since 1999 and was most recently a commercial lender with Alliance Bank. Throughout his career he has used his bachelor’s degree in economics and his master’s degree in business administration to analyze and advise his clients at all stages of the business cycle.  His experience in banking will also help buyers and sellers navigate the lending process.

Smee, a graduate of Southeast Missouri State University, has been a business executive since 1992 and a small business owner since 1996.  He has extensive experience with marketing, sales and operations across industry and in multiple franchise systems, and truly understands the ups and downs experienced by most businesses owners. Tony continues to own and operate an AmeriSpec franchise and feels this helps him identify with brokerage clients.   

Hendrickson says: “We are so excited to have Craig and Tony on board.  They will use their expertise to help business owners properly value and sell their businesses in a completely confidential transaction that preserves the value of the organization.  We see too many examples locally where businesses just shut their doors because they simply don’t understand their options.  This hurts our community by negatively impacting unemployment, economic stability and the municipal services supported by our tax base.  We want to help reverse that trend.”

According to industry research, only 20% of businesses listed for sale ever actually sell.  This abysmal closing rate is attributed to poor marketing, a lack of confidentiality and an unrealistic or unfounded selling price.  Conversely, 90% of businesses that engage a professional business broker sell.  “We provide professional valuation and confidential marketing for the businesses we list which increases their chance of being sold by 350%,” says Hendrickson.

Hendrickson Business Advisors has offered business brokerage services to the region since 2008.  The added benefits of partnering with Murphy Business include access to thousands of pre-qualified buyers and the institutional experience that comes with having brokered businesses ranging in sale price from a few thousand to tens of millions of dollars.  Hendrickson observes: “With our wide range of businesses locally, it makes sense to bring the power of Murphy Business to the Cape Girardeau area.”

Anyone interested in learning more about Hendrickson Business Advisors or Murphy Business should call 573-335-1885 or go online to HendricksonBusinessAdvisors.com or MurphyBusiness.com. 

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