VR BUSINESS BROKERS
Case Study: Corner Pizzeria
VR Business Brokers is honored to assist in the sale of another Triangle restaurant with the sale of a privately held profitable independent Pizza shop in the Wake Forest Market. This sale was completed during the COVID 19 Pandemic
The Selling Process
The owner of this business had always wanted to own a pizza shop with his family, but it turned out that juggling three businesses was taking too much time from his family.
He turned to VR Business Brokers to confidentially market and sell his business through a controlled process which yielded more than 60 interested buyer parties and more than four offers. Every buyer signed a confidentiality agreement and the employees found out after the deal was done. Ultimately the owner selected the buyer with the best offer and the deal was completed with a purchase agreement, bill of sale, new lease, and disbursement of funds to the owner with a short training period.
Congratulations to the buyer and seller of this successful transaction, and special thanks to attorney Peter Hanna at the offices of Hopler, Wilms, & Hanna for transaction representation and escrow services.
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