Jay Sachetti joined Jeff O’Brien, partner at Husch Blackwell and Dyanne Ross-Hanson, president of Exit Planning Strategies talked about the market for mergers and acquisitions, exit planning opportunities for companies that don’t end up for sale and how companies can maximize their eventual sale price during an early October panel at the first Upsize on Tap event at Summit Brewing Co. in St. Paul.
When the state Legislature passed a law requiring employers to provide paid leave and safe time for employees, Justin Bieganek started hearing differing details from friends, colleagues and peers.
Jim Borofka opened a new P.M. Bedroom Gallery store in Woodbury a year ago, on Aug. 13. He and his business partner Maynard Huth own that store, which cost $3.5 million to build out, and one other.
“The visibility was a very good decision,” he says about the new location. They recently closed a third store, which was in leased space in Maplewood.
“We’d have our eye on Maple Grove when cash permits,” Borofka says about opening yet another store, but probably not until 2007. P.M. Bedroom Gallery was one of three winners of last year’s Upsize Growth Challenge.
He relates other progress: “We’ve better defined ourselves,” Borofka says, as a retailer selling high-quality, made-in-the-U.S.A. furniture. “We’re not in the business of seeing how cheap we can be.”
He’s also purchased a new computer system, the same one used by certain large competitors. The store offers custom-built furniture, and the new software will calculate different pricing and costs for different woods, among other things.
Jim Borofka, P.M. Bedroom Gallery: 763.785.1111; www.pmbedroomgallery.com
