Raleigh, NC –
The Raleigh Grabbagreen Restaurant, is a fast food restaurant where great tasting, healthy food meet the speed and convenience of traditional fast food. Grabbagreen is a nationwide franchise system. An additional franchise (not opened) is for sale by ENLIGN in the Triangle market.
George Bradbury, broker with ENLIGN Business Brokers facilitated the sale between the Seller, Jeff and Heather Phillips and the Buyer, Jeff Adams. Mr. Adams also owns Grabbagreen franchises in the Charlotte, NC market. The transaction closed on December 29, 2017.
ENLIGN marketed the opportunity with the top online business listing services, including ENLIGN’s website,
www.enlign.com
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 attorneys on closing documents for client review and execution.
The buyer was represented by
Heath Gilbert, Jr. with the lawfirm
Baucom Claytor in Charlotte, NC. The sellers were represented by
Doug McClanahan of
McClanahan Law in Raleigh, NC.
Financial details of the transaction were not disclosed.
Quote: "The closing was able to be expedited due to buyers previous franchisee training completed prior to opening his first Charlotte location. The franchisor was great to work with and supported both Buyer and Seller in completing the transaction" Jeff Snell, ENLIGN's founder and principal broker.
Keywords:
ENLIGN, Business Brokers, George Bradbury, business, sale, sold, Grabbagreen, franchise, Heath Gilbert, Doug McClanahan, Seller, Jeff Phillips, Heather Phillips, Buyer, Jeff Adams, negotiation, valuation, marketing, Charlotte, Raleigh, North Carolina, acquisition
About ENLIGN Advisors:
ENLIGN Advisors, which has its headquarters in Raleigh, NC and 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 (MAS) 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.
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