Friday, March 13, 2009

This Was a Great Week!

To the folks getting this via e-mail notice, the whole point is for you to comment back and just talk in general about what's going on in your area of business.

I would hesitate to compare our business trend to that of Wall Street, but this week was a sure reflection of it. Just as Wall Street had a good week, so did we. We closed 3 deals and put 5 into contract; and this after the longest dry period I've seen in my 5 years in this business.

This is in contrast to the previous 6 weeks where we only saw one deal close and one deal put into contract. It's nice to be able to see positive things happening. Stuart Schlosser closed his first deal! Steve McFarland his second! Joe Ranalla's on a string with three closed in the past 6 weeks putting him in second place in the company with John Powers at the top. Good work folks!

In addition to the three folks we hired in the past month, we brought on another new person in Seattle, Michael Carney who is an experienced broker. That makes 5 agents in Seattle where we're expecting great things to happen.

Our buyer registration remains strong. Let hope that the SBA does get some of that so-called stimulus dollars - suppose to be $3 billion - and we start seeing lending starting again so the big commission deals start to roll-in. Those deals have been dead over the past 18 months.

Many of you may not know, but we've formed an alliance with www.wesellrestaurants.com in Georgia and Florida. We have a lot in common with them and I'm learning new things all the time, as they are as well.

Next week I expect things to continue to move at a faster pace. Sacramento area is still weak, but there are signs of it picking up. San Diego has been quiet lately. Orange County as well. Rodger and Steve are making things happen in the Inland Empire while Stuart is busy as a bee in Los Angeles. Larry Braden and his team are gaining momentum every week. I expect to see great things from those guys this year...John, you better pick-up the pace if you're going to sell 35 restaurants this year you are 6 behind!

2 comments:

Steve said...

Mel, Sacramento will catch up. Sacramento will be the best in 2009!

Anonymous said...

Hi Mel,

I was just thinking, amid all the ongoing ‘gloom and doom’ that we have been subjected to for these past months (year), it would be well for all of us to remember, this great country, the United States of America, was founded on “Freedoms” i.e. the Freedom of Speech, the Freedom of Religion and the Freedom to conduct business without interference, tyranny and unjust taxation from government, just to mention a few. The economic basis of our country came, not from “Special Interest Groups” or “Corporate America”, but rather from the original ‘merchants and farmers’, who took advantage of their new found “Freedoms” to begin their business and build a foundation of “Capitalism” that we enjoy today. Yes, it’s the “American Dream” of business ownership, it’s the ‘entrepreneurial spirit’ that continues to be the economic bedrock of our society, fueled by the “Freedom of Democracy” and “Capitalism” at its finest! Thank God, we still have a grassroots foundation of entrepreneurs, of who continue to have the courage, fortitude, spirit and faith in our system, to seek their “Dream”. In fact, just this past week I had the privilege of helping a family with that exact same attitude and spirit, to purchase their first restaurant and to quote them, “make our dream come true”! I can’t begin to tell you how happy this family is, and how exhilarating it was for me to experience first hand this basic economic “Freedom” by helping people achieve their lifelong goal. Remember, “Tough Times Never Last, But Tough People Do!”

Steve