VR BUSINESS BROKERS
Case Study: 7 Unit Dry Cleaning Operation
Congratulations to another set of buyers and sellers for the successful transfer of a dry cleaning plant and seven drop centers across the Triangle! VR Business Brokers of the Triangle was honored to represent the seller during this transition.
The Selling Process
This sale enabled the founders of a four decade old dry cleaning business to retire and travel the world, and spend time with new grand children.
This transaction involved the assignment or new lease of all locations, as well as the coordination of a complex SBA loan with lien subordination negotiations across six different landlords.
All of this transpired as the COVID 19 Pandemic was about to lock down the world, and success was accomplished through persistent communications and problem solving by business intermediary Neal Isaacs, MBA, CBI, CM&AP across the buyer and seller teams as well as the landlords and bank.
Special thanks to the law offices of Adams and Howell and the Peck Law Firm for buyer and seller representation. As well as support services from The Bookkeeper and several accounting firms!
CONSIDERING YOUR OPTIONS FOR EXIT?
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Whether you’re only just starting to think about the next step in your entrepreneurial journey or you’re actively planning for retirement or a life change, we can help. Schedule an appointment today. Neal is a business broker in Raleigh and he can help. It’s free and completely confidential!