Kornmeyers Furniture Transcription
Having been in the business for over fifty years, operating a company that had been in business one hundred and twenty-seven years, it was a very scary thing for us to approach what we had to do, and that was to completely sell the business out. After shopping I think three or four prospective people to work with, we finally wound up with [PFP]. The first four weeks to five weeks, I really was walking around there in awe, and very skeptical of everything.
Then, I started doing some checks and balances to see if PFP was living up the their honesty and expectations, and everywhere I went I found nothing but a fair and very honest group of people working from top to bottom. They just bent over backwards at every chance they could to keep me aware of what was going on and why it was going on and what they projected and what they planned to do.
Bottom line, I remember they said in the beginning, we should realize around $750,000 went to Kornmeyer’s. I think they exceeded that by a little bit, and exceeded that more than that I think…I can’t remember all the numbers. Anyway, the whole thing with when PFP came in and said they’d give us a broom swept, clean building…when you really break that down to what it really means, it’s hard to conceive, but I was there to the bitter end, to the last auction, and it’s amazing how well and how smooth everything went.
I had no problems at all. They did better than expectations. Even up against LSU football on Saturday night and afternoons, it really threw the sale off, but PFP made up for those losses there toward end.
We were most concerned about the family reputation, since we’d been in business for one hundred and twenty-seven years. If PFP were to put any shame to our family name, the Bahlinger name.and the Kornmeyer name in the community because it had built such a reputation. I was worried that after the sale, after PFP was gone, that there would be an aftershock. I have not had the first call or the fist complaint about how the sale was conducted, which I think is a real credit to PFP.