Development Theory

BACKGROUND

Please describe your company and position.

I am the Co-Owner of Sulu's Espresso Cafe

Describe what your company does in a single sentence.

We sell coffee drinks and deli food.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Development Theory to accomplish?

• Business Valuation for Transaction Planning
• Exit Planning / Succession Planning

SOLUTION

How did you find Development Theory?

Met owner through business interactions

Why did you select Development Theory over others?

Prior knowlege of owner/faith in owners knowledge

How many teammates from Development Theory were assigned to this project?

1 Employee

Describe the scope of work in detail. Please include a summary of key deliverables.

Overview

The sale of Sulu’s will include the sale of the coffee shop and the sale of the building owned by a separate entity.  This will allow the new owner access to the entire facility.

Objective

• The objective is the sale of both building and business
• Resources Required
• Financial reports from the coffee shop
• Appraisal of the property
• Projections on the future of the coffee shop industry

Tasks

• Schedule an appraisal
• Meet with building owners to discuss moving to new housing
• Have Development Theory complete valuation to determine if selling is possible
• Deliverables
• Development Theory Valuation
• Expected Outcome
• The sale of the business and building

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

Completed Business Valuation Report

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Valuation was completed on a very timely manner. All questions were answered with an extensive understanding of our company's financial condition. The information provided will be very beneficial for the sale of the business and property.

What was your primary form of communication with Development Theory?

In-Person Meeting

What did you find most impressive or unique about this company?

The knowledge of our expert.  The personal attention to our project.

Are there any areas for improvement or something Development Theory could have done differently?

We are very pleased with the outcome and cannot think of any improvements.

BACKGROUND

Please describe your company and position.

I am the Co-Owner of Harbond Holdings, LLC

Describe what your company does in a single sentence.

We own and operate 10 The UPS Store franchises in Oklahoma

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Development Theory to accomplish?

• Calculate the value of a 20% ownership interest in Harbond Holdings, LLC

SOLUTION

How did you find Development Theory?

Online Search

Why did you select Development Theory over others?

• Pricing fit our budget
• Good value for cost

How many teammates from Development Theory were assigned to this project?

1 Employee

Describe the scope of work in detail. Please include a summary of key deliverables.

We hired Miranda at Development Theory to provide a valuation report for a 20 equity partner

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

Delivery of a finished calculation of value report with exhibits

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Miranda absolutely delivered the draft and then the final report on time. Development Theory was very responsive to the project to keep things moving in a timely fashion.

What was your primary form of communication with Development Theory?

Email or Messaging App

What did you find most impressive or unique about this company?

I enjoyed the customer portal and having the security of uploading documents and also a project timeline and tasks to complete to show the progress

Are there any areas for improvement or something Development Theory could have done differently?

No improvements needed as far as I'm concerned