VR BUSINESS BROKERS
Case Study: Gas Station & C-Store
VR Business Brokers is honored to assist in the sale of another Triangle restaurant with the sale of a gas station with convenience store in the Fuquay Varina market. The sale involved the separation of a business from owned real estate, navigation of the Underground Storage Tank regulations, and the creation of a new lease…
The Selling Process
The owner of this cash flowing gas station and convenience store loved his business but needed to make more time to take care of his health after 13 years of ownership.
He turned to VR Business Brokers to confidentially market and sell his business through a controlled process which yielded more than 100 interested buyers and took less than two months to complete.
Quickly a buyer offered the full asking price and together the buyer/seller, and VR Intermediary navigated the challenges of assigning the petroleum agreement, attaining proper environmental insurance policies, separating the operator and owner UST license, and completion of a purchase agreement, bill of sale, new lease, and more.
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 buyer representation Chris Peck of the Peck Law Firm for seller representation.
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