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 […]