Accredited
Association of  Small Business Development Centers

Client Stories

Lucky Cleaners
Matt and Lindsay Henry
 Star City, Arkansas

Matt and Lindsay Henry contacted the UAM Arkansas Small Business and Technology Development Center in early 2008.  Matt, a financial advisor, and Lindsay, completing a master's degree in marketing, wanted to invest in a small business located where they could enjoy the small town quality of life they love.

Kathryn Peacock, center director, worked with them to explore the feasibility of one start-up and one business purchase--both of which were ruled out.  Two months later the right opportunity-- to purchase Lucky Cleaners--came their way.  Matt began working part time with the owner to learn every phase of the operation.

Peacock assisted with valuation and various cash flow scenarios, which were used to finalize the purchase price and demonstrate repayment ability to support loan financing through Mark Owen at the Bank of Star City.

In September 2008 the Henrys began operating Lucky Cleaners with state-of-the-art equipment, offering dry cleaning, laundry, alterations, monogramming, and bridal dress preservation services.  Pick-up and delivery points are located at Sutton's Petal Shoppe in McGehee and The Arrangement Shoppe in Rison.
Our Thanks to Matt and Lindsay Henry for permission to use their story.  All services were provided at no cost.

 A young couple who chose to make their livelihood in southeast Arkansas for its quality of life. 
Matt and Lindsay Henry, new owners of Lucky Cleaners
     

“I didn't know how involved starting or buying a business was until working with the UAM Small Business and Technology Development Center.  They made it much easier.  Now I can't imagine anyone trying to do it any other way."                                                                                  --Matt Henry

 

 - Contact Us -
Kathryn Peacock, Center Director, Certified Business Advisor, peacockk@uamont.edu
Lindsay Henry, Training Coordinator, MBA, henryl@uamont.edu
        1609 East Ash St ♦ P.O. Box 747 ♦ McGehee, AR  71654 ♦ Phone 870.222.4900 ♦ Fax 870.222.4902

                                          A partnership program with the U.S. Small Business Administration  and the University of Arkansas at Little Rock.
 The UAM SBDC is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock and the University of Arkansas at Monticello, College of Technology-McGehee.  SBA funded programs are offered on a non-discriminatory basis.  The UAM College of Technology-McGehee SBDC is committed to providing educational opportunities and employment opportunities to qualified persons, regardless of their economic or social status, and will not discriminate on the basis of race, color, religion, creed, gender, ethnic or national origin, disability, age, veteran status or any legally protected class.  Inquiries concerning the applications of all federal laws and regulations regarding discrimination should be directed to Lathan Hairston, Babin Business Center, UAM, phone 870-460-1022. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.  Contact Kathryn Peacock, PO Box 747, 1609 E Ash St, McGehee, AR 71654, Phone 870-222-4900.

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