Suggestions
Ken Stein
President at Kensington Company & Affiliates
Professional Background
Ken Stein is a prominent figure in the world of business development and entrepreneurship, known for his unwavering commitment to integrity and excellence. Prior to establishing The Kensington Company, Ken dedicated 18 successful years to operating a series of drug stores and home health care businesses on Long Island. His entrepreneurial journey took a significant turn in 1995 when he successfully sold his business to Revco Drug Stores, which was recognized as the second-largest drugstore chain in the United States at that time. Under his management, one of Ken's stores achieved remarkable success, ranking as the third highest in sales volume out of an impressive total of 2,500 stores. This exceptional accomplishment was made possible by significantly expanding the store size and providing unparalleled customer service in a highly competitive landscape.
After selling his business, Ken focused on his passion for helping others achieve their business goals through The Kensington Company. The Kensington Company specializes in various aspects of business transactions, including Mergers & Acquisitions, Franchise Sales, Franchisor Development, and Business Valuation. Through these divisions, Ken has cultivated an environment where aspiring business owners can thrive as he guides them in making informed decisions and strategies for successful ownership.
Education and Achievements
Ken Stein's educational background includes studying for a Bachelor of Science degree in Pharmacy at St. John's University, where he gained a solid foundation in the principles of business and healthcare. This academic experience uniquely positioned him to navigate the complexities of the pharmacy industry and later apply that knowledge to his various enterprises.
His tenure as an owner and operator in the pharmaceutical sector provided Ken with firsthand insights into business operations and management. Following his transition from operating retail pharmacies to focusing on Mergers & Acquisitions, Ken has conducted an impressive number of seminars that shed light on effective business exit strategies. These seminars have engaged audiences ranging from small groups of 10 to larger crowds exceeding 500 participants. His expertise has been sought after by a diverse array of entities, including professional organizations, entrepreneurial groups, outplacement centers, accountants, financial planners, and municipalities such as Nassau County Business Development. Ken's ability to convey complex concepts in digestible formats has made him a respected speaker in the field.
Achievements
Through The Kensington Company, Ken has built a reputable platform that enhances the lives of countless entrepreneurs. Under his leadership, the company has gained recognition for its proficiency in Mergers & Acquisitions, navigating the complexities of selling established businesses across various sectors from Main Street enterprises to Mid-Market companies. Ken's expertise in negotiation, business valuation, and strategic planning has fostered successful transitions for many business owners.
Ken has also made a mark in franchising, guiding businesses through Franchise Sales and Franchisor Development. His keen understanding of market dynamics allows him to assist clients in maximizing their potential within the franchise landscape. By providing targeted solutions, The Kensington Company has helped many aspiring franchisees realize their dreams of business ownership.
In his previous ventures, Ken held multiple significant roles, including President-Owner at Winstar Entertainment, DJ Cards, SaveMore Drugs, Cunningham Home Health Care, and Cunningham Pharmacy. He was also Vice President-Owner at South Bay Pharmacy. Each of these roles has contributed to his extensive knowledge and understanding of business operations, enhancing his consultancy approach at The Kensington Company.
In summary, Ken Stein embodies the essence of entrepreneurship, marking his journey with integrity, expertise, and a committed approach to helping others achieve their business aspirations. With a solid educational foundation and a wealth of experience in the pharmaceutical and business sectors, he remains a pillar in the entrepreneurial community, creating pathways for future leaders in business.