VR was honored to serve a Triangle business owner in the sale of his privately owned businesses…

This 7 figure deal took just over four months and accomplished our client’s goals to relinquish his role in his high cash flow business for a new lifestyle that required less intensity and more focus on health and wellness. This deal, like all business transactions, had obstacles to overcome, and the client turned to me and my team to get the deal done.

With limited financing options and confidentiality paramount, we found an out of state buyer among the dozens to consumate the transaction who inquired through a blind listing.

We conducted numerous buyer/owner meetings and kept all parties updated to ensure the deal not only got under contract but made it to the closing table. Following the advise of the client’s accountant, the team closed the deal on the first of the year and advocated for an asset allocation to position the outgoing owner in the best position for tax considerations.

The team also assisted the buyer with the lease assignment and shared our legal and permit specialist partners to ensure that the new owner had a fully functioning space to legally operate on day one. We couldn’t be more excited for the owner and the buyer of this high volume, important restaurant in the Triangle and we’re happy that the business will continue to serve the Raleigh community for years to come! Sold I was honored to serve a Triangle business owner in the sale of his privately owned businesses…

This 7 figure deal took just over four months and accomplished our client’s goals to relinquish his role in his high cash flow business for a new lifestyle that required less intensity and more focus on health and wellness.

This deal, like all business transactions, had obstacles to overcome, and the client turned to me and my team to get the deal done. With limited financing options and confidentiality paramount, we found an out of state buyer among the dozens to consumate the transaction who inquired through a blind listing.

We conducted numerous buyer/owner meetings and kept all parties updated to ensure the deal not only got under contract but made it to the closing table.

Following the advise of the client’s accountant, the team closed the deal on the first of the year and advocated for an asset allocation to position the outgoing owner in the best position for tax considerations. The team also assisted the buyer with the lease assignment and shared our legal and permit specialist partners to ensure that the new owner had a fully functioning space to legally operate on day one.

We couldn’t be more excited for the owner and the buyer of this high volume, important restaurant in the Triangle and we’re happy that the business will continue to serve the Raleigh community for years to come!