May 5, 2016

The most recent economic news release shows that education continues to be the basis for employment disparity nationwide. Civilians with less than a high school diploma struggle the most with unemployment. Whether or not their situation is improving however remains uncertain. March unemployment numbers for respondents with less than a high-school diploma fell from 954,000 in March 2015 to 799,000 in March 2016. Although these results may seem to indic...

May 5, 2016

REIS group ended the 1st quarter of 2016 with earnings of $1.6 million, up from $1.2 million for the same period in 2015. REIS is best known for its proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. including information on apartment, office, retail, warehouse, self storage, seniors housing and student housing properties. It’s primary customers are real estate in...

May 1, 2016

 

The men’s fashion boutique Drinkwater’s Cambridge in Porter Square is an artfully curated collection of garments that aren’t just made but engineered, says Gary Drinkwater, who co-founded the company with his wife in 2004. Sitting tall against a backdrop of leather shoes and pleaded pants he raises his hand in jest to pretend difficulty turning a deadbolt lock. Drinkwater describes his succession plan as when he is unable to turn the lock which open...

April 1, 2016

Internal Issues Facing CoStar

 

CoStar with its business and real estate listings that include LoopNet, Apartments.com, Apartment Finder, BizBuySell and LandsofAmerica is essentially an information provider. Analysis of their proprietary information generate the largest portion of the companies revenues. Internal issues could adversely affect CoStar if quality of information begins to deteriorate. The company also faces internal risks if management's ma...

March 21, 2016

Plaster Fun Time, a popular destination for greater Boston parents to bring their kids, has sold to a new owner. Chris Ling is the new CEO of the plaster painting business which has nine locations across greater Boston and a manufacturing facility. The business was sold by the Selvaggi family for about $2 million.

 

Mark Selvaggi started Plaster Fun Time with his brother, sister, and mother in 1995. The family learned about plaster painting in the 80s f...

March 21, 2016

It was 23 years ago that Rahul Laroia started working the Sunoco gas station at the corner of Washington St and Breck Ave in Brighton. He was hired at a starting salary of $400 a week. Five years later he got a raise and began earning $600 each week. He kept that salary for more than 10 years while raising two sons. When the shop owner died and left the business to his eldest, again Laroia got a raise and now earns $800 each week. He has offered to re...

March 21, 2016

Serge came to Boston from Bosnia a year ago and in April became a key-maker inside the Watertown Mall. As an employee he makes about $400 a week. The owner of the business is mostly on the road these days operating a mobile key shop while Serge runs the booth in the mall. He's spoken to a bank officer about a business loan but his application would require a guarantor. So far the people he might ask include his boss and brother who lives in Ft. Lauder...

March 21, 2016

 Nick Vail has been searching for a business to buy for nearly 15 months and he hopes the searching will pay off soon.

 

Vail, 31, worked as an accountant for First Citizens Bank and then became a partner in Maritime Market, an independent grocer in Bald Head Island, North Carolina. When he assessed what he wanted most out of a career was financial freedom provided by a certain amount of cash flow, he also concluded that climbing the corporate ladder wo...

March 21, 2016

Bill LaPoint is a principal investor in Boston based Aly Holdings and an adjunct professor at Babson College where he has taught “buying a small business”. LaPoint's firm has been an investment partner when business managers want to buyout existing owners. He says one reason a qualified buyer may not find a business is because the listed businesses are not actually for sale. Owners will often list their businesses in order to gauge what people are wil...

March 21, 2016

CoStar group ended the fourth quarter with earnings of $23 million after a $5 million loss in the third quarter.  The company, which provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale, spent 2015 “building the premier marketplace for renting an apartment in the United States,” said Andrew C. Florance, Founder and Chief Executive Officer of CoStar Group.  Operating expenses including the r...

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