Bellingham Business Journal, September 07, 2015

Page 1

Vol. 23 No. 9

Sept. 2015 New Fairhaven restaurant serves pizza from a 900-degree oven [Page 3]

The Buzz Mobilizing the food truck industry Bellingham entrepreneur hopes to represent the mobile food industry with her new statewide food truck association FOOD TRUCKS, 12

Murray says budget talks won’t be a repeat of 2013 The senator said does not anticipate a federal shutdown BUDGET TALKS, 23

Business Toolkit “Managers are appointed, leaders are elected.” TOOLKIT, 16 Hans Wendt, center, owner of Great Harvest Bread, put his business on the market this year. [OLIVER LAZENBY PHOTO | THE BELLINGHAM BUSINESS JOURNAL]

Waterfront festival

Baby boomers prepares to sell their businesses

Planning ramps up this month for SeaFeast, Bellingham’s new “signature event,” which will start fall 2016.

Nationwide, 65 to 75 percent of businesses will go up for sale in the next five to 10 years Marty Maberry’s grandparents started Maberry Packing by planting a field of strawberries outside of Lynden in 1944. Now Maberry, 59, grows about 1,000 acres of strawberries, blueberries and raspberries and owns two processing and packing plants in Whatcom County. He’s the third generation in the family business and he doesn’t plan to be the last. Two of Maberry’s four kids, in their late 20s, are

taking on larger roles at Maberry Packing and Business Enterprise Institute. plan to one day buy him out, he said. “So many businesses will be for sale with Maberry isn’t the only local entrepreneur only so many younger people with money to working on his exit strategy. Every day, 10,000 buy those businesses,” said Justin Remaklus, a of his generation—the baby boomers—reach senior manager with Bellingham accounting retirement age, according to the Pew Research Center. A wave of baby boomers have begun For sale, PAGE 7 selling their businesses and analysts expect the number of businesses for sale to reach unprecedented levels. Nationwide, 65 to 75 percent of businesses will go up for sale in the next five to 10 years, but only 25 percent will successfully sell, according to a report by the WE SELL AND BUY:

MOBILE TECHNOLOGY COMPANY • Refurbished and Pre-Owned Apple iPads, iPhones and iPods • Refurbished and Pre-Owned Barcode Scanners, Printers, Parts, Batteries and Accessories • We offer a quality pre-owned product for a fraction of the cost of new!

WE REPAIR (touch screens, LCD, battery replacement and more):

• Apple iPads and iPhones • Barcode Scanners, Printers • We offer quality one-time flat-rate repairs as well as annual repair contracts

OTHER SERVICES:

• Rent/Lease both small and large quantities of iPads, iPods and Barcode Scanning Equipment • Battery management/refurbishment program for barcode scanners

LOCATION

7044 Portal Way Box 120 Unit K4, Ferndale WA 98248

1398230

BY OLIVER LAZENBY The Bellingham Business Journal

SEAFEAST, 24


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