ENLIGN Sells The Junction Salon & Bar in Raleigh, NC

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.

Keywords:

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 […]

September 18th, 2017|

ENLIGN Sells Independent Rapid Refill Ink and Toner Business in Raleigh, NC

RALEIGH, NC – Jeff Snell has announced the successful sale of Rapid Refill Ink and Toner located in Raleigh, North Carolina to Kelly Gunterman.  The business was established in 2007, providing sales of aftermarket and OEM ink and toner for printers and copiers.

This is the firms 16th closing in 2016 with 6 additional closings currently scheduled representing over $5,000,000 in unlocked equity for business sellers.

ENLIGN marketed the opportunity with the top online business listing services, including ENLIGN’s website before the final sale agreement was reached.

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 agent with documents for client review and execution.

The closing was conducted by Carmen Marzella of The Marzella Law Group located in Cary, NC.

“This listing represents the longest in ENLIGN’s history spanning 5 years, 22 days .” said Jeff Snell, the broker who put the transaction together. The difficulty was primarily caused by the business being previously subject to franchisor terms and […]

September 19th, 2016|