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PHX Private Equity purchases Modern Design Company
PHX Private Equity purchases Modern Design Company
December 29, 2011 Investment news in Park City,Utah, United States of America
PHX Private Equity helped its client Modern Design group purchase 4 websites specializing in modern furniture.
FOR IMMEDIATE RELEASE
Park City,
Utah,
United States of America
(Free-Press-Release.com) December 29, 2011 --
Salt Lake City, Utah, United States of America (Free-Press-Release.com) December 28, 2011 --
PHX Private Equity recently helped its clients Modern Design Group finalize their acquisition of 4 online websites specializing in modern furniture and modern home design. The original listing price for the business was $400,000 with an annual owner net income of $287,000. "With the assistance of PHX Private Equity we were able to renegotiate a final purchase price of $165,000 for all 4 sites. As a stay at home mom I was looking to add a second income to my family to assist with college funds for my kids as well as provide more stability. PHX provided me all of the help I needed including walking me through the due diligence to ensure the business was profitable and provide in house legal council for contracts, not to mention helped me save over $200,000 on the sale price. Having earned $17,000 in my first month not only am i seeing returns, but I don't believe I could have managed to purchase this business without PHX, said Danielle President of Modern Design."
PHX Private Equity is an acquisition firm specializing in small business transactions from $100,000 to $10 million. Their primary focus is to provide acquisition services including but not limited to, Aggressive Negotiation, Due Diligence and Financial Auditing, Legal work, and proper closing.
"With times being uncertain in the stock market and real estate people are looking for a solid way to invest and grow their money. PHX provides a full service acquisition firm to the small and medium sized investors looking to grow their nest egg. Its important to note that PHX never handles the clients money, the client is in full control of their investment the entire time. We simply provide the tools necessary to ensure a solid investment is made. With both a flat fee option or NO Upfront Fees equity stake its foolish to undertake this large of an investment without PHX Private Equity"
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