SOLD!  Manufacturers Rep Firm Advance Sales Acquired by Romack Franklin

BLOOMINGTON, MN (January 12, 2024) – Transworld Business Advisors NorthStar is proud to announce the successful sale of Advance Sales, a leading manufacturers representative firm, to Romack Franklin.

Dan Gerhard and Eric Jensen, founders of Advance Sales, are stepping down after guiding the company to impressive growth over the years. The new owner, Romack Franklin, brings 20+ years of sales management and leadership experience to the table, ensuring a smooth transition and bright future for Advance Sales.

“We are thrilled to have found the perfect buyer in Romack,” said Dan Gerhard. “His expertise and passion for the industry will propel Advance Sales to new heights.”

Romack Franklin expressed his excitement for the opportunity: “I am honored to take over such a well-established business and build upon its strong foundation. I look forward to working with the talented team at Advance Sales to continue their success.”

Transworld Business Advisors NorthStar commends John Berns of Carnival Berns PA and Dana Nyquist of Orme and Associates LTD for their legal counsel in this successful transaction.

About Advance Sales: Advance Sales is a leading manufacturers representative firm with a strong reputation for excellence in the industry.

About Romack Franklin: Romack Franklin is a seasoned sales leader with over 20 years of experience in the industry.

About Transworld Business Advisors NorthStar: Transworld Business Advisors NorthStar is a premier mergers and acquisitions firm specializing in mainstreet and mid market business sales.

Contact: Transworld NorthStar: Dan Huber Advisor dhuber@tworld.com cell phone 612 616 2307.

Sold Listing Details:

• Business Category:    Manufacturing
• Listing Price:                   $628,000
• Location:                      Minnesota
• Employee:                     1               
• Support & Training:     8 weeks
• Reason for Selling:     Change of Industry   
• Years Owned:              2005 18 years

Business Description:

This business specialized in representing prominent non-food and packaging manufacturers in the foodservice sector. The company has an experienced sales team that has built long term, relationships with manufacturers and clients. The buyer of this business will be able to build on these relationships and steady cash flow. Both owners planned to stay for a transition, with one looking to stay with the business longer term with the right fit.

The company represents top national manufacturers who provide leading brands and products. The buyer of this business will acquire a consistent stream of loyal clients and stable cash flow. This created an enticing opportunity for new ownership or an existing representative firm to bolster growth by expanding the sales team.