Mooresville, NC –
Pro Shine of NC, a full service car wash, making the automobiles of Mooresville, Troutman and the surrounding areas shine since 2010, is under new ownership.
Joe Vagnone, the Charlotte Area Managing Director with ENLIGN Business Brokers & Advisors facilitated this sale between the Sellers Andy Peggs and Jeff Little, and Jamil Nassar, the Buyer. The sale of this business was especially challenging, because prime real estate was involved, which is unusual. Partnering with commercial realtor John R. Kindley of Equity Commercial Properties, and after intense negotiations, buyer and sellers were able to close the deal on May 26, 2017. Mr. Kindley has this to say about working with Joe Vagnone and ENLIGN: “It was a pleasure cooperating with ENLIGN in the sale of the Pro Shine car wash in Mooresville, NC. You and your staff did an outstanding job in bringing a business buyer to this excellent property. It took someone with your abilities to structure this deal to the buyer and seller’s satisfaction. I look forward to working with you and ENLIGN in the future.”
Joe Vagnone had this to say: “This deal is an example of our commercial real estate referral program at its best. We can find target buyers for businesses with property better than real estate brokers can on their own, because we have our own in-house database, and through our due-diligence process, can target specific buyer profiles. Our buyers are looking for business not location specific. That is a material change for a commercial broker. We also share in the fees so the commercial broker is not cut out of the deal, but rather is part of the deal.”
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 deal is a perfect example of that.’"
ENLIGN does not release financial details of transactions.
Keywords:
ENLIGN, Business Brokers, Joe Vagnone, business, seller, exit planning, buyer, negotiation, valuation, marketing, Troutman, Mooresville, NC, North Carolina, auto, car, wash, pro shine, detail, acquisition, for sale, sold, Andy Peggs,Jeff Little, Jamil Nassar
About ENLIGN Business Brokers:
ENLIGN Business Brokers, which has its headquarters in Raleigh, NC and a regional offices in Charlotte, NC, Greensboro, NC and Nashville, TN, provides seller and buyer services, professional negotiation, and valuation and marketing services to small and medium business sellers and buyers. ENLIGN provides business owners wishing to sell their businesses with discrete, objective counsel and valuation advice implementing 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 Joe Vagnone at jvagnone@enlign.com or visit the Web site at www.enlign.com.
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