VR BUSINESS BROKERS
Case Study: Prime Location Asian Restaurant
VR Business Brokers is honored to assist another set of Triangle business owners in the transfer of a privately-held profitable business in Raleigh, NC. This sale is was a successful Asian restaurant in Raleigh, NC with more than a three decades of history.
- Raleigh, NC
- Retirement
- SELLER
The Selling Process
After three decades, the family of this business decided to sell this long running business in order to retire. Started as a Chinese restaurant, this business was rebranded as Neo-Asia around 2010 and has continued to serve the Glenwood Avenue area and beyond due to it’s popular location on Hwy 70.
The buyer group of this facility brings a new Indian concept with multiple families coming together and brings experience from another Indian restaurant.
Congratulations to the buyer and seller groups on this successful transaction, and special thanks to attorney Peter Hanna for buyer representation. Dan Farmer at Marlin Design & Build served the buyers for reimagining the space.
VR Business brokers was honored to represent the seller of the business and work with the landlord on a third transaction for a lease assignment.
CONTACT NEAL
CONSIDERING YOUR OPTIONS FOR EXIT?
let's talk – IT'S FREE & 100% CONFIDENTIAL!
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!