New Haven: A dining ware showroom has leased 450 square feet of space at 85 Willow Street, from the new owner investment group, 85 Willow Street Equities LLC., knowns as the [Marlin Business Complex]. The lead LLC member is Robert Kantor, 55 Fifth Avenue, New York.
The lessee is Spence Wells Associates of Needhan Heights, Mass., markets and sells products in the institutional foodservice market – its clients include restaurants, hotels, hospitals, country club, grocery stores, colleges and others. Levey Miller, Maretz’s Amy Nix and Jeremy Rosner
Hartford: A record number of businesses were bought and sold across the nation in the early months of 2017, according to BizBuySell’s 2017 Q1 Insight Report. BizBuySell says it is "BizBuySell is the Internet's largest and most heavily trafficked business for sale marketplace.. BizBuySell currently has an inventory of over 45,000 businesses for sale and more than 1.4 million monthly visits. BizBuySell also has one of the largest databases of sale comparables for recently sold businesses and one of the industry's leading franchise directories."
Here are a few sample highlights for small business transactions in the Hartford-area in Q1 of 2017, which is based on 143 Hartford-area businesses.
Median asking price of businesses for sale in Hartford at the beginning of 2017 was $199,000 compared to $ 195,000 at the end of 2016.
Businesses listed in Hartford at the beginning of 2017 had a median revenue of $500,000 up from $469,250 at this same time last year Q4 2016.
Median cash flow for the Hartford businesses is $84,000 .
Summary detail for Connecticut and the national can be found on the chart below and comprehensive information can be found at their reliease at http://www.bizbuysell.com/news/media_insight.html
Wallingford: While Edible Arrangements’ lawyers were wrapping up a settlement in a trademark lawsuit they filed against a small food consulting firm Edible Commerce Consulting of Dover, New Hampshire, a South Carolina candy company was filing suit on the fruit retailing and ecommerce enterprise.
Vaughn Russell Candy Kitchen, of Greenville, filed suit in US District Court also in Greenville, over the trademark claim for the term “Incredible Edibles” by Edible Arrangements. The candy company says they have been using the term for more than thirty years for chocolate-covered cookie bites and that they have a registration with the trademark office for the term “Incredible Edibles,” [1,036,335].