Amanda & Nik Manthei purchased the business for which they've dedicated the past eight years of their careers. Amanda adeptly manages the office and handles bookkeeping responsibilities, while Nik's expertise lies in mechanical work.
Challenge: Amanda first contacted the SBDC in April 2023 seeking assistance in buying an established business. As a current employee of their purchasing business, Amanda understood the daily bookkeeping responsibilities. Still, she needed to confirm how to register as a formal business with a new name.
How Illinois SBDC helped: Business Advisor Pam Clodfelter assisted Amanda by providing information on registering their business with the state and resources such as market research and business planning. They also delved into discussions surrounding various business structures and financing options to ensure a well-informed decision-making process.
Result: In January 2024, the long-awaited purchase materialized, supported by the Advantage Illinois program, facilitating financing. By February, North End Auto & Tire had replaced its signage, marking the official transition and imprinting its identity on the business. The outcome is a fresh business name maintaining the same location, contact number, skilled team, and steadfast commitment to exceptional service.
Learn More: To learn more about North End Auto & Tire, find them on Facebook or visit them at 610 N. Division Ave., Polo, IL.