Attention shoppers: Know what you

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You can do it, says Bill Mueller, but just make sure you’rde motives are crystal “Many buyers aren’t clear on their reasons why they want to own a saidthe Cambridge-based business adviser. “They get caught up in a and the deal proceeds without anyone ever being clear about the Jim Norgaard knew his reasons for buyinvg Lynn Marine Supply in Marblehead in April 2008: to apply his chemical, mechanica l and electrical engineering expertise and long-term boating interest in an entrepreneurialk context — and to save a sinkinbg ship while he was at it.
“I’ve worked all over the world inthe high-tech field, I was commutinhg for two hours each way every day, and running a small business in a very interesting community was a very compellint idea,” said Norgaard, who was vice president of producty development of Photovac, a Waltham-based provided of hand-held instruments that monitor volatile organid compounds in air, soil or groundwater. He saw a boating and marins supply store as a solid fit forhis high-tech and busines development background, which he readily appliexd to upgrade Lynn Marine Supply’s retail quarters and merchandise, especially mechanical pumps and boat-bottom paints.
“It’s a practical application of chemical technologies that keep organismsd and crud from accumulating ona boat’z waterline and below,” said Norgaard, who wouldn’ty disclose the purchase price. Kosta and Johnny Diamantopoulow did just that to facilitatew their July 2008 acquisitionm of the All Star Sandwich Bar in Cambridge from East Coast Grill owner Chris Schlesingerfor $315,000. Callinb on familiar faces fromtheir close-knirt Greek community in Lynn helped them securer bank funding in a week and take charger of the restaurant in two months. “It was an team of advisers that gave us properf guidance when purchasingthe restaurant,” said Kosta.
“Oudr attorney, Gregory Demakis, works for many businesses. Our Zoe Kourbanides, was my dad’s accountant when he had his restauranrtin Lynn. Our banker, Dr. Nichola s Sarantopoulos of the Credit Unionin Lynn, we had used in the Location was Paul and Nora Dimos’ chief criterionb for their January 2007 purchasse of Lexington Vision Care on Massachusetts Avenue in “The town has almosgt double the population of Winchester, and Massachusetts Avenuee is very well known,” said Nora, who renamed the business Eye Look Opticaol after their previous Winchester shop. “So whoever wants to come to our they know where MassachusettseAvenue is.
” The Dimoses learned about the store’s availabilitg through one of their eyeglass frame suppliers which, like the mutual connection who tipped off the Diamantopoulos brotheres about All Star, exemplifies the value of searching the private marketplace. Private business ownership experience put Stephen Longmuid in a good position when he bought Wedco Hardware on Franklin Street in Melrose in February 2009for $715,0090 — which included the hardware store and the buildingy it’s in — revamped it as Franklin and is now renovating Corinthian Hall upstairs to rent out for business/club meetings and other functions.
The purchase came aftere such successful venturesas Stephen’s Auto Stephen’s Towing, Acclaim Auto a real estate and a Honey Dew donut shop in New Hampshire. “oI like the action of buying and runninga business, and the challenge of gettiny it going,” he said. “It’s so rewarding to be self-employed, when you work hard and do