PRESS RELEASE: VR Huntington Announces the Sale of a Multi-Location Party Franchise
FOR IMMEDIATE RELEASE
DALLAS, Texas – VR Huntington Business Group of Dallas assisted in the successful sale of two Pump It Up franchise locations from Advanced Cycling Concepts, Inc. to John D. Ruchman Enterprises, LLC.
Carol Welch, president of Advanced Cycling Concepts, Inc. opened her first Pump It Up location in Dallas in 2004. Then in 2007 she started a second location in Plano under the “Junior” concept, which caters to smaller children. After dedicating countless hours to opening and operating the two locations, Welch decided it was time to move on and let a new owner with new enthusiasm take over the business.
“I loved every minute of starting and operating both Pump It Up locations,” Welch said, “but there finally came a time where I decided it was a good idea to move on – I was burnt out. So we started interviewing business sales professionals, and ultimately chose VR Huntington out of several options.”
John D. Ruchman Enterprises president, John Ruchman, first became interested in Pump It Up four years ago while attending a birthday party at the Dallas location with his family. Years later when he became aware that the operation was available for acquisition, he dedicated himself to making this venture the next move of his professional career.
“I can still remember being at the Dallas location and my wife telling me, ‘You ought to buy this business someday’,” Ruchman said. “I was absolutely thrilled when I saw this listing go on the market and came to find out the Dallas location was available.”
Welch and Ruchman both had high praise for VR Huntington.
“It’s no secret that the past year has been difficult for good businesses to find qualified buyers,” Welch said. “We are extremely grateful to VR for sticking with us through this tough year and also for being able to negotiate a deal for our business that we never thought we would be able to get in this economy.”
“VR Huntington did a great job of helping me through this process,” Ruchman said. “I felt like I was working with people who actually cared about more than the ‘sale’.”
Pump It Up (www.pumpitupparty.com) is an indoor inflatable party center franchise operation with more than 175 locations nationwide, including 10 locations in Dallas/Ft. Worth. The Dallas location is at 9201 Forest Ln., and Plano is at 4101 E. Park Blvd. Both locations can be reached by dialing 972.792.9663.
The sale was facilitated by Jeremy Furtick, Senior Business Intermediary, with VR Huntington Business Group Inc. a VR Business Sales firm in Dallas.
The VR network was established in 1979 and is the oldest professional business brokerage in the nation with more than 125 offices and 800 agents worldwide. VR Huntington Business Group (www.vrbigd.com) is based in Dallas and has finished the last four years as one of the top VR offices in the world. VR Huntington specializes in assisting the owners of privately-held companies to value, market and sell their businesses, as well as representing buyers interested in professional assistance in their business searches.
Filed under: Buying a Business, Exit Strategy, Jeremy Furtick, Press Releases, Selling a Business | 21 Dec 2009 5:28 pm

2 Responses to “PRESS RELEASE: VR Huntington Announces the Sale of a Multi-Location Party Franchise”
January 31st, 2011 at 9:26 pm
Cool
January 31st, 2011 at 10:27 pm
Cool