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ENLIGN Sells Lane's Tire & Auto Center In Statesville, NC

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ENLIGN Transaction Team | 02/24/2023

Statesville, NC – Lane’s Tire & Auto Center, a full-service automotive repair, tire & service shop, keeping the domestic automobiles of Statesville, Mooresville, Troutman, and the surrounding areas in excellent running order since 2001, is under new ownership.



Joe Vagnone, the Charlotte Area Managing Director with ENLIGN Business Brokers & Advisors, facilitated this sale between the Sellers Cy and Robin Lane and partners Alex Aguilera, Roberto Tovar, and Juan Gomez, the Buyers.

The sale of this business was incredibly challenging because three partners, one of which resides out-of-state, is very unusual.

These three gentlemen are committed to maintaining the excellent standards and level of service the previous owners strived for the past 21 years.

Joe Vagnone said: “This deal is was a wonderful example of the joy and pleasure of being able to help three young gentlemen buy a business for themselves.

With a creative deal structure, we assisted the buyers in structuring a transaction where all party's needs were satisfied.

We are confident these buyers will continue to make the business a great success for themselves and their community.”

ENLIGN marketed the opportunity with the top online business listing services, including ENLIGN's website, www.enlign.com, before the sale.

ENLIGN, representing the seller, prepared a buyer's information packet, provided a broker's opinion of value, worked with the seller to determine an appropriate asking price, pre-qualified potential buyers, represented the seller in pre-offer discussions, assisted in the negotiation of the terms of the transaction, and worked with buyer's and seller's closing documents for client review and execution.

"I tell clients, ‘You're not paying me just to find a willing buyer; you're really paying me to get the deal done,’ and this transaction was a perfect example of that." -Joe Vagnone



ENLIGN does not release financial details of transactions.

About ENLIGN Business Brokers: ENLIGN Business Brokers, which has its headquarters in Raleigh, N.C., provides seller and buyer services, professional negotiation, and valuation and marketing services to small- and medium business sellers and buyers in the Southeast and nationally through the ENLIGN Business Brokers Affiliate program and ENLIGN Professional Partners Program (EPPP). ENLIGN provides business owners wishing to sell their businesses with discrete, objective counsel and valuation advice and an innovative, comprehensive approach to marketing businesses for sale. Complete confidentiality is offered throughout the process. ENLIGN, which is a member of the International Business Brokers Association (IBBA), M&A Source, and the American Business Brokers Association (ABBA), requires that its agents and affiliates have owned a successful business of their own, hold an advanced degree and be members of IBBA working towards or having completed the Certified Business Intermediary (CBI) accreditation. For more information about buying or selling a business or becoming an ENLIGN affiliate broker, contact Jeff Snell at jsnell@enlign.com or visit the Web site at www.enlign.com.

For more information, visit http://www.enlign.com

For a listing. For available business opportunities or information on valuation services or buying / selling a business, visit www.ENLIGN.com or contact Joe Vagnone at 704-577-8030 or email joe@jvagnone.com.