Allen Business Advisors was formed after a client asked for help selling his business. Although the business owner was ready to sell, the business was not. The owner was not going to receive the price that he desired. Together, they spent two years preparing the business for sale by developing the management team, identifying and implementing opportunities for growth, increasing profitability, and making the owner “part” of the business as opposed to “the” business. These two years of planning increased the value of the business between five hundred and six hundred thousand dollars. The business was sold for $2,800,000.00 plus working capital to an out-of-state private equity company that specializes in buying, holding and growing companies.
We then approached other clients we knew from our years in banking about selling their businesses. As a result, our niche as Business Brokers became businesses that were too complex for the main street broker and too small for M&A firms. Our focus is architecture and engineering, accounting and payroll companies and healthcare professions.
John R. Allen
John is an experienced business advisor, business broker and a former Commercial Loan Officer, most recently with Eastern Bank. John earned his B.S. in accounting from Northeastern University, attended Loan Officers Residency School at the University of New Hampshire and has taken courses in exit and succession planning. John is a Trustee for the Brimmer and May School and is a past Board member of the Newton-Needham Chamber of Commerce.
Don spent 20 years in banking advising and helping business owners grow their businesses. Prior to joining Allen Business Advisors, Don was most recently a Commercial Loan Officer in PNC’s Healthcare Division. In this capacity he worked with doctors, dentist, assisted living facilities, and nursing homes. Don is a graduate of Auburn University.
Ulric spent eighteen years in credit management and seventeen years in banking. While in banking he was Commercial Loan Officer at Bank of America, PNC Bank and most recently with The Harbor Bank of Maryland. As a Commercial Loan Officer, he provided professional practices business acquisition loans, lines of credit, term loans and real estate loans. Ulric is a graduate of City University of New York Brooklyn College, majoring in Economics.
Alvin Drehman, Ph.D.
Alvin worked as a physicist for 28 years with 25 of those years for the United States Air Force Research Laboratory and three years with the Department of Energy. Prior to joining Allen Business Advisors, Alvin helped individuals buy franchises. Alvin earned his Bachelors degree in applied physics from the California Institute of Technology and his Masters and Ph.D. from Harvard in applied physics.