VR Business Brokers is honored to facilitate another transaction of a small business in the Triangle.
The most recent small business sale is an ink and toner sales and service provider in Raleigh which provides local businesses with supplies for their printers and copiers. The business was formerly a franchise, but the owner went independent, reduced royalty fees, and expanded the footprint. After more than a decade in the cartridge business, the owner decided to explore new career options, and hired VR Business Brokers to conduct a confidential sale.
VR took the opportunity to strategic and financial buyers confidentially through a rigorous buyer screening and marketing process, and found the perfect acquirer. The purchaser relocated from Arkansas where he ran a similar business. He was also seeking a change of pace from the small town he left, and more opportunity… The secret’s out on the Triangle and the buyer was attracted to both the business and the growing opportunity that the Triangle market represents. The buyer conducted a thorough due diligence and consummated the sale with a purchase agreement, lease assignment, a vehicle transfer, and an all cash consideration for 100% of the company.
Special thanks to Peter Hanna and Amanda Rhew of Hopler, Wilms, & Hanna for buyer representation & transaction/escrow management, J.M. Cook of J.M. Cook, P.A. for contract review, Scott Korbin of FM Realty for tenant representation, and Craig Barbee of The Bookkeeper for financial due diligence support.
If you are considering your options for exit including selling a small business in the Triangle, or you are a professional services provider who would like to partner with VR Business Brokers, contact us today for a confidential consultation.