VR BUSINESS BROKERS
Case Study: Small-Town Coin-Op Laundromat
VR Business Brokers is honored to assist in the sale of another Triangle business owner with the sale of a laundromat in the Angier, NC market. This was a third transaction with an owner in a disposition station of his business as he reallocated assets into real estate holdings.
The Selling Process
The owner of this cash flowing laundromat had build a significant presence in the Triangle but found his family in need of more time to spend with family.
Having worked with VR Business Brokers in the pasts, he returned to confidentially market and sell his laundromat through a controlled process. The laundromat was sold “off market” to a multi-laundromat owner that VR Business Brokers was confident could consumate the deal quickly.
Through the sale, the owner was able to receive financial consideration for his business, remove his lease obligations, and turn the laundromat over to the new owner who plans to “Retool” the facility and take it to the next level. Ultimately, the owner was able to focus on his family and growing real estate portfolio.
Congratulations to the buyer and seller of this successful transaction, and special thanks to attorney Buck Adams with Sandhills Law Firm for seller representation.
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