Linens & Beach Equipment Rental Company Sold to Private Investor
Founded in 2007, Sweet Dreams Linens has sold by way of MidStreet Mergers and Acquisitions to Matt Smallwood. Providing Topsail Island visitors with top-quality linens, baby equipment, and beach equipment, the company has maintained a flawless reputation in the market.
About the Company
Offering all sizes of bed linens, quality terry towels, bath mats, kitchen packs, the company services property management businesses and individuals visiting the Topsail area.
After more than fourteen years of ownership, Scott and Angela Erickson decided it was time to step away and start a new adventure. They approached MidStreet with several important goals, but their main one was to find a buyer who would protect their employees and continue extending the high-level of service to their customers for many years to come.
How MidStreet Helped
Using MidStreet’s proven process, Sweet Dreams Linens & Rentals attracted hundreds of initial inquiries. Each buyer was then interviewed, and required to complete an NDA and personal financial statement. Ultimately, MidStreet prequalified over 30 buyers, who were then given access to the marketing materials.
The Perfect Buyers
The buyer, Matt Smallwood was looking for a company on the North Carolina coast with stable earnings and strong growth opportunities. With experience from the limousine and vehicle rental business, he felt his expertise was a perfect match for Sweet Dreams Linens and Rentals. He purchased the business using an SBA 7(a) loan, and is excited for the future growth opportunities.
"MidStreet was extremely helpful throughout the entire purchase of the business. I had never navigated the SBA 7(a) process before, and their guidance made the process smooth and easy.
- Matt Smallwood
