Raleigh, NC – The Junction, is a $1.2 million Hair and Nail Salon in Downtown Raleigh. Their unique concept is that they are the only Salon in NC that also has a liquor license. This combination allows for a wide variety of events and functions.
George Bradbury, Broker with ENLIGN Business Brokers, facilitated this sale between the Seller, Kym Ferguson, and the Buyer, Mahesh Singareni. Carmen Marzella of Marzella Law Group served as buyers counsel. The transaction closed on September 18, 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 closing documents for client review and execution.
Financial details of the transaction were not disclosed.
The Junction, Junction Salon, ENLIGN, Business Brokers, George Bradbury, business, seller, exit planning, buyer, negotiation, valuation, marketing, Raleigh, NC, North Carolina, salon, bar, liquor license, acquisition, for sale, sold, Carmen Marzella, Kym Ferguson, Mahesh Singareni
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 Jeff Snell at [email protected] or visit the Web site at www.enlign.com.