On Nov. 4, Dr. Kevin Elko will be in Mobile to help the Child Day Care Association (CDCA) celebrate its 70th Anniversary with an evening dinner at the Alabama Cruise Terminal. The “Evening with Dr. Elko” will benefit the organization’s child care center, Nina Nicks Joseph Child Development Center, which is located in downtown Mobile.
In the business world, Elko focuses on helping organizations in the areas of leadership, goal setting and various other motivational topics. Corporate clients include ING, Tyson Foods, Abbott Labs, LPL Financial, The Hartford, Pioneer Investments, Morgan Stanley, Bank of America, Merrill Lynch and Sun Life.
In the sports world, he has consulted with various NFL teams and seven BCS National Championship football teams including the University of Miami, L.S.U., the University of Alabama and most recently Florida State University.
“This has been a very busy year for our organization” Luke Spaulding, CDCA board president said. “Our volunteer board of directors is working with the center staff and civic leaders to create a model early learning program for our community.”
Extensive exterior renovations have just been completed at the child care facility according to Spaulding and the anniversary fundraiser will be used to help finish the project, upgrade technology for classrooms and help finance a new playground.
The Child Day Care Association was established in 1945 as WWII was ending. Women contributed to the war effort on the home front, creating a need for a safe place for their children to stay while they worked long hours. Many husbands and fathers were lost in the conflict, leaving widows and mothers needing to continue to work to support their families after the war ended and the CDCA continued to meet that need.
Throughout the years, and guided by its voluntary board of directors, the non-profit has operated child care centers to meet the changing needs of Mobile’s families, including a child care center with night time care to support medical staff at hospitals, low income families in housing projects and urban care for families working downtown in business and government.
Nina Nicks is Mobile’s most recognized early learning center and carries on the history of CDCA as a United Way of Southwest Alabama Partner Agency since 1945. Educational programs meet the needs of children from 6 weeks old to age 10, encouraging children’s learning through educational play using research-based curriculum for every age group.
The event begins at 6:30 p.m. and general admission tickets are available for $125. Sponsorship opportunities are available. For more information call 251-471-3267.
Thames Batré accepts charity business challenge
Thames Batré Insurance has accepted Roberts Brothers challenge for a third week of local business volunteer service to the community in Mobile. They are going to conduct a Bay Area Food Bank Drive at their office the week of Nov. 3. Thames Batré’s front lobby, at 2065 Old Shell Road, will be a drop-off point for anyone who would like to contribute. Hours of operation at the company are 8 a.m. to 5 p.m.
The drive will be for the entire week, ending Friday, Nov. 7. Bay Area Food Bank gave a list of their “most needed items.” Included are: canned meats (tuna, chicken, etc.), canned vegetables, canned fruits, canned and boxed meals (soup, macaroni and cheese, etc.), peanut butter, canned or dried beans and peas, pasta, rice and cereal, fruit juice (canned, plastic or boxed).
Commercial Real Estate Moves
According to John Vallas at Vallas Realty Inc. and Youngblood & Associates, C-Spire has leased the 4,000-square-foot end-cap in Pinebrook Shopping Center, previously occupied by Bancorp South. C-Spire will join Whole Foods, Stein Mart and Books-A-Million (BAM) in the redevelopment of the center.
Cameron Weavil with The Weavil Company handled the sale of the 30,600-square-foot former Krystal Car Wash at the corner of Michael and Downtowner Blvd. for $110,000. The buyer plans to renovate the property into a modern, updated car wash. David Campbell of Millenia Alabama Properties was the selling agent and Tracy Williamson of Anchor Title managed the closing.
Cancer Rehab and Edema Specialists have leased 5,000-square-feet of office space at 878 Hillcrest Road, Suites A and A1 in Mobile with plans to expand later this fall. Angela McArthur with BHHS Cooper and Company Inc. Commercial Division handled the transaction.
Small business transactions at record levels
According to local business broker William Bruce, BizBuySell.com the Internet’s largest business-for-sale marketplace, recently reported that 3rd quarter 2014 small business transactions were at historically high levels.
A total of 1,987 closed transactions were reported in the third quarter this year, representing both a 17.9 percent increase from last year and the highest number of small business sales recorded in a 3rd quarter since BizBuySell began tracking data in 2007. It keeps 2014 on pace to record the highest number of small business transactions ever recorded in the marketplace
“After seeing a return to robust transaction activity during 2013, it’s good to see that we have not plateaued and both buyers and sellers are still eager to make deals happen,” Bob House, general manager of BizBuySell.com said. “There remains a strong supply of quality small businesses on the market. As the economy and financing options continue to improve, buyers remain very interested in acquiring small businesses.”
The median sale price for businesses sold in the 3rd quarter rose 5 percent compared to last year, increasing from $180,000 to $189,000.
In addition to an increasing number of closed sales in the 3rd quarter, there were also a growing number of businesses listed for sale. Total listings were up 2.2 percent from the same time last year, with the most notable growth in manufacturing businesses (up 4.1 percent), service-industry businesses (up 3.9 percent) and restaurants (up 3.5 percent).
“On a local note in the Gulf Coast area, my practice in business mergers, sales and acquisitions track closely with the national trend. We are very busy,” Bruce said.
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