• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

Lumber Liquidators founder honored by Ernst and Young

Tom Sullivan, the founder and chairman of Lumber Liquidators, Inc. in Toano, Virginia  (NYSE: LL) was today named the Ernst & Young Entrepreneur Of The Year® 2008 national winner in the Retail and Consumer Products category. Now in its 22nd year, the awards recognize leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.

Sullivan was honored at the Entrepreneur Of The Year® gala in Palm Springs – the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies. Awards were given in nine additional categories. All Ernst & Young Entrepreneur Of The Year® winners were selected by an independent panel of judges from approximately 400 regional award recipients.

Sullivan was recognized for turning scrap wood into a thriving retail enterprise. Headquartered in Toano, Virginia, near Williamsburg, Lumber Liquidators is the largest specialty retailer of hardwood flooring the US, with more than 140 stores and 150 varieties of flooring.

 Spotting opportunity in a pile of scrap

Tom Sullivan struggled with several contracting businesses before finding the perfect business opportunity in a pile of scrap wood. Lumber yards were more than happy to get rid of the scrap. Sullivan printed up flyers and sent faxes announcing a week-end sale at an industrial park in Massachusetts. That first weekend he sold almost everything he had, and a new business venture was born.

In January 1996, he opened his first store in a garage behind a strip mall. The store wasn’t fancy, but the rent was cheap, fitting nicely with his new low-cost model. He focused on hardwood flooring, contracting with lumber mills to purchase excess lumber. Soon he was arranging to buy their full year’s production. Less than five years later, Sullivan had stores throughout New England and down the East Coast, and had moved operations to an 80,000-square-foot facility in Virginia near Richmond.

Expanding operations

The company quickly outgrew its space. Today, its home base is a 300,000-square-foot facility that includes production capabilities for its own Bellawood line of pre-finished hardwood flooring, a main warehouse, a store, and corporate offices. Lumber Liquidators has over 140 locations in 43 states and boasts one of the largest inventories of pre-finished and unfinished hardwood floors in the industry. Despite the massive growth, it’s still the same business Sullivan started when he held that first weekend sale. And the lessons learned are the same; as Sullivan says, “it’s not about a big, fancy location – it’s about offering a good deal.”

Explore their website here : www.lumberliquidators.com

Shop at their Williamsburg. Toano Va Store

  • 3000 John Deere Rd
  • Toano, VA 23168
  • Phone: (757) 259-4280
  • Find a store near you here

    Search jobs/ employment at Lumber Liquidators

    Call them 1-800-HARDWOOD (427-3966Lumber Liquidators 

     This is a local update brought to you by Realtor/ John Womeldorf also known as Mr Williamsburg. I try to post relevant business news, real estate information, new development information and other local current evens information for Williamsburg and Hampton Roads VA. Feel free to email me at John@MrWilliamsburg.com with any questions you have about real estate in the Williamsburg or Hampton Roads area of Virginia. My website www.MrWilliamsburg.com  will allow you to search for homes, condos, town homes, building lots and commercial property in the Williamsburg VA, York County VA, James City County VA, New Kent County VA, Gloucester County VA , Charles City County VA, Va Beach, Norfolk, Chesapeake, Isle of Wight, Portsmouth,Franklin, Sussex, Southhampton, Emporia, Greenville, Mathews, Suffolk, Surry, Smithfield, Newport News, Hampton , Poquoson,  Virginia  and the following areas of North Carolina : Moycok, Dare, Camden, Elizabeth, Currituck, Hertford Counties

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    Inbev Anheuser Busch Deal Approved BY DOJ

    By Rusty Carter VA Gazette

    The Department of Justice gave its blessing Friday to the union of InBev and Anheuser-Busch, with one prenuptial condition: InBev must sell Labatt USA.

    The caveat was made in a civil antitrust lawsuit filed Friday in U.S. District Court in Washington aimed at blocking the original InBev-Busch deal. At the same time, the Justice Department filed a proposed settlement that would resolve the suit and other concerns about fair competition.

    Here’s why divesture was important, according to PR Newswire. Budweiser and Labatt are the two biggest-selling beer brands in Buffalo, Rochester and Syracuse, so allowing InBev to keep Labatt would have eliminated competition between Labatt USA and Anheuser-Busch. The Justice Department feared the result would be higher beer prices in all three markets.

    “This divestiture will ensure that consumers will continue to benefit from the significant competition between the merging companies in upstate New York,” said Deborah A. Garza, deputy assistant attorney general of the Antitrust Division, in a statement.

    In most U.S. markets, InBev beers account for less than 2% of sales and are largely non-competitive with Busch, which nearly dominates 50% of beer sales nationwide. The upstate New York markets are close to the Canadian border, and half of Labatt’s U.S. sales take place in Buffalo, Syracuse and Rochester.

    InBev’s ancestor, Interbrew, used its 1995 purchase of Labatt as an inroad into the North American beer market, paying $2 billion for the company. Interbrew’s first attempt at a North American presence came in 1989 when it tried to acquire Stroh’s. Coors beat Interbrew to the deal, and during the next five years Interbrew bought up small brewers in several companies before landing Labatt.

    Friday’s announcement came 48 hours after Anheuser-Busch shareholders voted in favor of InBev’s buyout offer. The deal is anticipated to close by year-end, assuming InBev gets the remaining regulatory approvals and comes up with $52 billion Shareholders expect to fare well, since InBev is offering $70 a share. Busch stock opened at $68 a share Friday and shot up to $69.26 before dropping to $68.50 by the close. 

     

    Although InBev has pledged to keep all 12 of Busch’s North American breweries open, it plans to sell non-core assets, chiefly Busch Entertainment, perhaps before the deal closes.

    There’s been no word on potential buyers, although London-based Blackstone Group, Dubai World, and Spain’s Parques Reunidos are considered likely suitors

     

    Anheuser Busch Shareholders approve Inbev purchase.

    By LAUREN SHEPHERD and EMILY FREDRIX 

    Shareholders of Anheuser-Busch Cos. Inc. approved the $52 billion sale of the business to Belgium-based InBev SA on Wednesday, a deal that is set to create the world’s largest brewer.

    The vote was the latest step necessary to form the company that will be known as Anheuser-Busch InBev and combine brands such as Bud Light and Budweiser with Stella Artois and Beck’s. The deal, reached in July, is expected to close by the end of the year. It is subject to regulatory approval in the U.S., Britain and China.

    August A. Busch IV, Anheuser-Busch’s president and chief executive, said the decision to sell the nation’s largest brewer was a difficult one.

    “Every alternative was considered,” he told shareholders at the meeting just outside of New York. “In the end, we all agreed the InBev proposal was in the best interest of you, the shareholders.”

    The new company brings about the end of the more than 150 years of family rule of the St. Louis-based company, though the newly combined company’s North American headquarters will stay there. InBev has said it will keep open all 12 of Anheuser-Busch’s North American breweries.

    Busch will move into a non-executive role, but will be on the new company’s board. He said he was excited about the future of the new company, especially expanding the brands worldwide, which he said helps in “fulfilling the global ambition of my family.”

    Anheuser-Busch agreed this summer to accept the buyout from InBev worth $70 a share. The deal ended back-and-forth wrangling between the two sides, with Anheuser-Busch spurning InBev’s unsolicited offers at first, claiming they were bad for business and were an “illegal scheme” that threatened to defraud shareholders.

    InBev shareholders approved the deal in September.

    The sale price is a premium to Anheuser-Busch shareholders over the company’s current stock price. On Wednesday, its shares fell 51 cents to close at $66.33. InBev said last week it will not reduce or change its $70-a-share offer, even though Anheuser-Busch’s share price has dropped amid larger market turmoil.

    The deal gives InBev a key inroad to the U.S. market, where Anheuser-Busch dominates with about a 50 percent share. InBev, meanwhile, has a small fraction. It also gives the company about one-fifth of the markets in China and Russia, two areas poised for growth.

    InBev has said it wants to tap into Anheuser-Busch’s marketing power and make its top-selling Budweiser and Bud Light brands into global powerhouses like Coca-Cola or Pepsi.

    Leadership for the new company has already been decided, pulling from executives within both companies. Luiz Fernando Edmond will lead North American operations, leaving his post as InBev’s president of Latin America North.

    David A. Peacock, an Anheuser-Busch vice president, will become Anheuser-Busch president and oversee U.S. operations and management of the Budweiser and Bud Light brands.

    In St. Louis and Williamsburg, VA, where the company and its heritage play a big role in the community, some residents were sad about the vote, even though they knew it had been coming. “I think people are having a hard time with it, because now it’s finalized,” said O’Brien, who works in the city and lives in the suburb of Florissant. “It’s like the grieving process, something we have to go through. There are certain things you’re proud of in your city – the Arch, the brewery, Busch Stadium. It seems to be a loss.”