Coral Springs, Florida (PRWEB) May 9, 2008
The March Group, a middle-market merger and acquisition specialist, announces the sale of a California Closets franchise in San Antonio, Texas. Established in 1978, California Closets specializes in designing storage solutions for any room in the home. The value of the transaction was not disclosed.
California Closets, the pioneer in spatial design solutions, provides individually-designed custom storage solutions for any space. Its historical focus has been in creating custom closet solutions, but marked its 30th anniversary earlier this year with an announcement of a new marketing effort to expand its design expertise to include any room in the house. By applying organizational expertise to all rooms of the home, California Closets' new definition of traditional home spaces extends to media rooms, garages, pantries, craft rooms, entryways, mudrooms, and more. A new marketing campaign with a tagline of "Room to Breathe, Time to Define, Space to Be," the concept is grounded in the idea that California Closets can help a home owner create a more orderly home through spatial design and organization.
The seller, Robert and Liz Sisk, owned the franchise for over six years and hired The March Group as a consultant during the selling process. Sisk had a long-term relationship with The March Group that started in the mid-1990s when he sold a vending company to a Pepsi Cola bottling company. They hired The March Group once again in 2001 as their advisor with respect to the acquisition of the San Antonio franchise. "Bob (Bob Scarlata, CEO and President) evaluated our income statement, balance sheets and recast the numbers as well as made suggestions as to how to allocate the sales price to our advantage as far as income taxes go," recalled Sisk. The franchise is based in San Antonio, Texas with rights to the Austin, Texas market as well.
The new owners, Daniel and Jill Siegel, previously lived in Seattle, where they both worked for the California Closets' corporate office. Daniel worked as a development manager and Jill as a sales manager with over 40 designers reporting to her. With the purchase of the California Closets franchise in San Antonio, the Siegels saw an opportunity to own and grow their own business. "We think there is a serious lack of brand recognition in this market place," said Daniel Siegel recently. "The business was growing but not aggressively. We really want to become part of the fabric of the business community (in San Antonio) and make contact business to business."
Information about the sale of the California Closets franchise is available at http://californiaclosetscompanysold.com. California Closets has been an industry leader in the spatial design industry for three decades. The company is known for innovative product design, commitment to customers and creative solutions for any lifestyle. Additional information can be found at californiaclosets.com, in their showrooms, or by calling 800.274.6754. California Closets Company, Inc. is owned by The Franchise Company, a subsidiary of First Service Corporation.
About the Company
The March Group is an investment bank with more than 20 years of experience, specializing in the marketing, negotiation and sale of privately held mid-size businesses. The March Group provides a full spectrum of investment banking and consulting services designed to help entrepreneurs obtain financing in all stages of their company's development. They take a hands-on approach to selling a business by offering workshops, evaluating the company, managing the marketing process, and negotiating the sale.
With a robust network of buyer relationships throughout the world, The March Group provides their clients with unparalleled contacts developed over a 20-year span of successful operations. If you would like to contact a March Group representative: info @ marchgroup.com or