ENLIGN Sells Longino Distributing in Statesville, North Carolina

Statesville, NC – Longino Distributing, a company providing top quality POS products and accessories for small businesses, serving the mid-Atlantic and Southeast United States, and the Northeast and New York areas from a satellite center in Massachusetts, is under new ownership.

Joe Vagnone, the Charlotte Area Managing Director with ENLIGN Business Brokers & Advisors facilitated this sale between the Seller Ed Longino, and Reed Robertson, the Buyer. The sale of this business was especially challenging, due to the COVID-19 pandemic plaguing the world with both physical restrictions and economic challenges for the seven months prior to the sale of this business, whose main market consists of restaurants and small retail stores.

Joe Vagnone had this to say: “The distribution industry has been changing right before our eyes, requiring more and more cost control and inventory control than ever before. A buyer will need to be creative and a true partner with the dealers they supply. Reed Robertson will prove great at this challenge.”

Joe Vagnone is a proud referral partner of Quest (www.questnow.net ), an independent business advisory firm dedicated to helping business owners reach their goals and prepare for transitions. This deal is […]

October 6th, 2020|

ENLIGN Sells Brookdale Florist of Statesville, NC

Statesville, NC – Brookdale Flowers and Gifts, a business hand-delivering premium floral arrangements and gift baskets to the people of Statesville, NC since 1961, is under new ownership.

Joe Vagnone, the Charlotte Area Managing Director with ENLIGN Business Brokers & Advisors facilitated this sale between the Sellers Joseph and Joan Eames, and Debra Younts and Miranda Crisp, the Buyers.

The business sold in seven months from the day it was listed on the top online listing services.  With many interested inquiries from these sites, the buyers turned out to be employees.  Joe Vagnone had this to say about the sale: “People would be surprised at how challenging these types of transactions are and we find that managing these to be especially emotional and challenging to meet the buyer’s and seller’s expectations.”

ENLIGN marketed the opportunity with the top online business listing services, including ENLIGN’s website, www.enlign.com.

ENLIGN, representing the sellers, prepared a buyer’s information packet, provided a broker’s opinion of value, worked with the sellers to determine an appropriate asking price, pre-qualified potential buyers, represented the seller in pre-offer discussions, assisted in the negotiation of the terms of the transaction, and worked with buyer’s and seller’s closing documents for client review and execution.

“I […]

August 31st, 2020|

Joe Vagnone Recognized by Lake Norman Chamber with Distinguish Service Award

Joe Vagnone, a business consultant with ENLIGN Business Brokers is author of “So You Want to Buy a Small Business?”. Vagnone can also be heard on Friday’s at 8:00 am interviewing small businesses from Statesville to Huntersville on WSIC 100.7 FM and 1400 AM.

This past Friday, January 20, 2017, Vagnone was awarded the Lake Norman Chamber’s Distinguished Service Award for 2016. Lake Norman Chamber Board Chair Callan H Bryan recognized Joe Vagnone not only for the six years of service on the 1,000 Member Chamber of Commerce Board of Directors, but for the very significant role he has played being the sounding board for small business at the Lake.

In presenting the award, Bryan told the 200 business and community leaders attending the 30th Annual Meeting of the Chamber, “When it comes to Small Business – this gentleman certainly has its ear – Joe Vagnone has been the Business Growth Chair for several years and as such each year has both planned and emceed the Small Business Event during Small Business Week. He was also very involved with our Institute of Political Leadership and is the Voice of Local Biz Now on WSIC stations.”

Bill Russell, President of the Lake Norman Chamber, […]

January 20th, 2017|