SGA Client Elevates the Downtown Restaurant Scene

We enjoyed reading about the success SGA’s client and restaurant buyer Lane Sanders and is having with his new enterprise Elevation Bistro, formerly the Atomic Bar and Grill. We handled the sale of this downtown restaurant in Fall 2013 and Lane immediately impressed at the time. The Santa Fe Reporter recently stopped by the bistro to give us a behind-the-scenes look at what is happening at one of the only handful of Santa Fe’s late-night dining establishments.

May 13, 2014
By Emily Zak
The El Word
For The Santa Fe Reporter
Photo Credits: The Santa Fe Reporter

The El Word

Underneath two screens broadcasting Man v. Food and the Stanley Cup, a beer-sipping man in a blue tracksuit chats across the bar with the bartender. At 5 pm on a Thursday, it may be happy hour, but this is no sports bar. An elderly couple from Baltimore leans across a corner table over an appetizer that looks like an ice cream sundae, if not for the guacamole, while a chef chops tomatoes behind a counter behind them. Adjacent, a Floridian lounges by the ceiling-length wall of windows, a binder and a carton containing a cupcake saved for later across from her.

Melissa Windsel’s never been to Elevation Bistro (103 E Water St., 820-0363) before. In lieu of standing and taking her order, server John Herrera sits down across the table and helps her decide. After dismissing barbecue chicken and New York strip, she settles on the house-smoked baby back ribs slathered with chile glaze and rosemary balsamic barbecue sauce.

Read full article at The El Word.

 

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New Gallup Poll Shows “Small Business Owners Would Do It All Over Again”

With SGA’s own highly informal survey based on chatting with our past Santa Fe business buying clients, New Mexico appears aligned with these national trends.

gallup-poll

Small-Business Owners Love What They Do, Despite the Economy

A new Gallup poll shows that eight of 10 small-business owners would do it all again if they could.
May 22, 2014
By Matt Vasilogambros
The National Journal

The economy may rise and fall, but small-business owners remain happy with their career choice.

In a new Gallup and Wells Fargo survey released this week, 84 percent of small-business owners say that if they had they could do it all over again they would still start their own business. (Wells Fargo is also a sponsor of National Journal’s Next America project.) To the 600 small-business owners who were polled, the independence and decision-making that come with their job are invaluable benefits.

While 42 percent of those surveyed say that being their own boss is the most rewarding part of their job, more than 10 percent of respondents also cite job satisfaction and pride, flexible job hours and having family time, and interacting with customers as reasons they like their choice of work.

Overall, this sort of satisfaction hasn’t changed for small-business owners in the last 11 years of the Gallup survey—roughly 80 percent have consistently said they would do it all over again. What’s remarkable is how unwavering these sentiments are, regardless of how small-business owners think the economy is doing.

Read full article at Small-Business Owners Love What They Do, Despite the Economy.

 

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Congratulations to SBA’s 2014 New Mexico Small Business Award Winners

With Small Business Week (May 12 – 16, 2014) just wrapped up, we wanted to acknowledge the winners of 2014’s New Mexico SBA small business awards. Thank you all for your hard work and for making New Mexico a better place for the small business owner.

sba-awards-2014Small Business Week Winners Include a Family Restaurant Veteran
Las Cruces Sun News
Posted May 19, 2014
Finance New Mexico

LAS CRUCES: Angela Atencio-Sanchez grew up busing tables at her parents’ restaurant on State Route 76 in Española, and she was promoted to working the cash register before going off to college and a career as an assistant comptroller for Santa Fe Public Schools.

Today the daughter of El Paragua Restaurant founders Luis and Frances Atencio is the president of Las Brazas Enterprises — a company that owns and manages El Paragua and El Parasol restaurant in Española. The business was just named this year’s Family Owned Small Business of the Year by the Small Business Administration in New Mexico. (more…)

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SAM GOLDENBERG & ASSOCIATES APPOINTED THE SUNBELT NETWORK’S EXCLUSIVE AFFILATE FOR NEW MEXICO

SGA_SBNM Logo

Santa Fe Business Brokerage Sam Goldenberg & Associates (SGA)
Expands to Service the Entire State

Santa Fe, NM, May 15, 2014–Sunbelt® (www.sunbeltnetwork.com), the world’s largest network of Main Street and Lower Middle Market business intermediaries, finalized an agreement with Michael Greene, president of Sunbelt’s northern New Mexico affiliate Sam Goldenberg & Associates (Santa Fe, www.SamGoldenberg.com) to be its exclusive representative for the state of New Mexico. Long-time Albuquerque Sunbelt Broker Doug Anderson has retired.

“We are pleased Michael Greene and his team will anchor New Mexico for the Sunbelt Network,” says Sunbelt president and CEO John Davies. “When Doug Anderson notified us he was ready to leave, we looked for the best solution. Sam Goldenberg & Associates was our first choice.”

Davies’ conviction is based on SGA’s consistent high performance and longevity in New Mexico.

2014 is already on track to be a record-breaking year for the Santa Fe-based business brokerage. Since the start of 2014, SGA sold four businesses and concluded several asset sales and business valuations. SGA has four businesses under contract, is finalizing several more offers, and has an active portfolio of 27 businesses for sale. Greene reports that several more listings are in the pipeline.

This robust activity makes Greene bullish about New Mexico’s main street businesses, but he cites another reason for acquiring Sunbelt Albuquerque.

“We advocate buying an established business as a proven strategy to gain market share,” says Greene. “Becoming the Sunbelt brokerage for all New Mexico demonstrates our belief in this policy.”

(more…)

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Super Downtown? Albuquerque Business First reports on the City of Albuquerque’s ambitious plans

Courtesy of Albuquerque Business First

Reporter- Albuquerque Business First
May 5, 2014

If the city’s Downtown Albuquerque plans coalesce as hoped, could the real and perceived barriers between the corridor and East Downtown melt away?

Last week, the city announced a slew of plans to revitalize Downtown. Those plans include an attempt to harness the momentum and opportunity already taking place with its EDo neighbors.

All the activity would have big implications for the city’s commercial real estate industry.

Perhaps the biggest opportunity for the city are the plans to transform the old First Baptist Church site at Central Avenue and Broadway Boulevard, which has sat vacant for years. Through a city partnership with UNM and others, the property is set to be purchased so that plans for Innovate ABQ can begin.

Read more at Super Downtown? City embarks on massive plans

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Farmington May Become the Next Arts & Cultural Districts in New Mexico

farmingtonAn interesting article recently appeared in the Farmington Daily Times discussing a movement just getting underway to make Farmington one of New Mexico’s Arts & Cultural Districts.

Farmington artists, business owners consider New Mexico Arts and Cultural District designation
Joining program could increase tourism, revitalize downtown, officials say
April 22, 2014
By Hannah Grover, The Daily Times

FARMINGTON — Local artists hope to transform downtown Farmington into one of New Mexico’s Arts and Cultural Districts over the next few years.

(more…)

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The Pros and Cons of Being Your Own Boss

Running your own business is not just another job; it’s a lifestyle. With employers demanding more and giving less, many consider the trade-off worth it. What one person perceives as a burden, another relishes as an opportunity, but this is not to say that owning and running your own business is necessarily for everyone.

We encourage you to look at some of the Pros and Cons and to talk to acquaintances, friends and family members who have experience owning a New Mexico business for a well-rounded idea of what the reality of running your own company is like.

(more…)

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Biz owners eager to buy, sell

Damon Scott for Albuquerque Business First
October 18, 2013

Michael T. Greene, the president of one of Santa Fe’s most established brokerages, Sam Goldenberg and Associates, said he closed 10 small business transactions in the third quarter. Greene said people who have been wanting to move to another area of the country are doing so, and many that purchased a small business in Santa Fe did so because they’ve wanted to move there.

Full article available at Biz owners eager to buy, sell.

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Business broker helps bring new entrepreneurs to Santa Fe

Michael-Headshot-226x300Dennis J. Carroll for The Santa Fe New Mexican
November 19, 2013

It’s the qualities of the city cited by McBride — that its special lure often turns visitors into residents — that makes Santa Fe unique in its ability to attract new businesses and new owners for old businesses. “Some people want to buy a business to get to Santa Fe,” Greene said. “But it needs to be a perfect storm involving finances, family matters and timing,” he said.

Full article available at Business broker helps bring entrepreneurs to Santa Fe.

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Slew of Santa Fe Restaurants Have New Owners

Slew of Santa Fe Restaurants Have New Owners

Damon Scott for Albuquerque Business First
October 24, 2013

Restaurant-rich Santa Fe has seen a bevy of eateries sell, close or change hands in recent months.

Santa Fe’s Atomic Grill, a longtime favorite of downtown’s late-night crowd, has been sold to new owners. Michael T. Greene, the president of Sam Goldenberg and Associates, was the broker on the sale.

Full article available at Slew of Santa Fe

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