Before founding The Kensington Company and Kensington Franchise Sales, Mr. Stein operated numerous drug stores and home health care companies on Long Island for 18 years.
In 1995, Mr. Stein sold his business to Revco Drug Stores, then the second largest drug chain in the U.S. At the time of the sale, one of his stores was ranked third in sales volume out of Revco’s entire chain of 2,500 stores. Mr. Stein was able to achieve this significant success with his business by emphasizing superior service in a highly competitive marketplace and, as a result, was able to expand the size of the store twice.
Mr. Stein applies his varied skills in the owning, operation, marketing and sale of small to mid-size businesses to facilitate successful transactions for his clients. In addition, he has achieved the designation of Certified Business Intermediary, which is granted to professionals who complete the stringent requirements of the International Business Brokers Association. Only approximately 350 business intermediaries in the U.S. currently carry that coveted title.
Even more notably, Mr. Stein is one of only 37 Certified Business Intermediaries who have completed the additional rigorous coursework required to achieve the advanced designation of Merger & Acquisition Master Intermediary (M&AMI). Mr. Stein is also a Franchise Specialist with FranNet, which has successfully identified more suitable franchise opportunities for interested candidates than any other organization.