Business Sales

Two members of a global renewable energy group of companies recently purchased a building in Augusta, according to Jordan Trotter Commercial Real Estate. TEXEL Energy Innovations Inc. and Transition Energy Inc. bought an 11,000-square-foot garage/flex space located at 1228 Gordon Highway. The Finem Group with Meybohm Commercial Real Estate sold the building, which contains 1,500 square feet of office space. TEXEL, a Swedish-based company, has developed a 100 percent recyclable storage solution that charges within minutes and lasts more than 100 years, according to the company’s website. This technology was

A large downtown medical office building is under new ownership, according to Jordan Trotter Commercial Real Estate. The 21,430-square-foot building, which was built in 2002, is located at 630 13th St. near Piedmont Augusta and Augusta University Medical Center. Its tenants include Augusta Vascular Center and Hanger Clinic. Augusta Vascular Center treats a variety of conditions, including varicose veins, uterine fibroids, and peripheral artery disease. Hanger Clinic is a national healthcare company that provides prosthetic and orthotic services. One 3,462-square-foot medical suite is available for rent in the building. For

The focus of our “Mondays with Rick” column this week is the pros and cons of selling your company to a private equity firm. In today’s business minute, ABD Publisher Neil Gordon says it almost happened with Southern Industries.

Editor’s Note:   Dr. Rick Franza, is the Dean of the Hull College of Business who discusses a different, timely business topic each Monday in this column. This week, we’re looking at the sale of CSRA businesses. The interview has been edited for clarity and impact. ABD: Rick, in the last few years and months a number of high-profile CSRA companies have sold their businesses. TaxSlayer, Club Car, Rec-Teq and most recently, Southern Industries (Southern Siding). What are the owners thinking about? Rick: It really comes down to control, money

Maranda Carruth has always wanted to be a business owner, but she wasn’t sure what type of business it would be. Carruth will officially take over the Kona Ice of Western Augusta franchise on Saturday, Jan. 1, 2022, but she has been preparing for this new role for the last three years by learning the business from the current franchise owners, Dean and Denise Dozier. Dean is retiring, and Denise plans to continue working with the business for now. “It will be nice to have her around while I’m learning,”

In working with business owners on the sale of their businesses, we always start the process with a business valuation to determine what we feel the company would sell for in the market place. And it probably comes as no surprise that many business owners are hoping for a price greater than what the market probably will pay. Why this occurs is there is no public database of what businesses sell for that a seller or buyer can research to arrive at a value, especially if there is no real

Troy Akers works as a doctor, but now he’s decided to take a bite out of the cookie business. Next spring, Troy – an Army veteran – and his wife, Nancy, will open a Crumbl Cookies franchise at 4263 Washington Road, Unit 625 in the Mullins Colony Shopping Center near Belk in Evans. “We’ve always been entrepreneurs at heart,” he says. “I’ve looked into different businesses.” Friends told them about a Crumbl franchise opportunity, so they visited the Lexington location and fell in love with the brand. “My wife bakes

New owners of AR Workshop A successful do-it-yourself arts and crafts business in Evans is changing hands at the end of the month. AR Workshop – located at 3116 William Few Parkway next door to Rooted Coffeehouse in the Riverwood Shopping Center – has been sold to new owners who will take over the business on June 28. Owners Brandi Collins and Anita Barr will hold a VIP farewell party on Saturday, June 26 from 11 a.m. to 2 p.m., and only 24 seats are available for clients. Collins is

ABD reported that another downtown building, the former Antiques Marketplace on Broad Street sold recently for $575,000. That deal was brokered by Jordan Trotter Commercial Real Estate. This building at 1031 Ellis Street was purchased for $500,000. (Photo courtesy Zillow) A 113-year-old building on 10th and Broad just sold for $500,000 to one of the tenants The building at 1031 Ellis Street features a bar, nightclub, and restaurant venue called “Soultry Sounds”. There are also three loft apartments above the club. Jonathan Aceves, the commercial real estate broker for Meybohm tells ABD

Summer House Real Estate brokers James and Jenny Schaffer have a flair for making people feel “at home”. Their boutique, three-story office on the 2600 block of Washington Road is part real estate office and part venue for the community. The Schaffers are also huge proponents of preserving the environment as evidenced by their gifts to the Water Mission Project. Jenny Schaffer, who also brokers an office in Fernandina Beach spoke to the hometown newspaper and told a reporter she has been interested in this property for many years and