AUSTIN, Texas, April 26, 2022 (Newswire) – Lion Business Brokers successfully facilitated the transaction of the acquisition of a high end liquor store in Houston Texas.
An independent buyer approached Lion Business Brokers to assist in the due diligence of purchasing a liquor store in North Houston. After diving into the statements made by the listing broker and financials provided by the owner and broker our senior team was able to find several misrepresentations and false statements made by both the buyer and listing broker. After careful consideration our buyer decided not to move forward with the transactions due to the misrepresentation of the business.
After regrouping with the buyer and our strategic consulting team we were able to find a new upscale liquor store in North Houston with better numbers and better return on investment. Our senior M&A Advisor Van Moody was able to successfully negotiate the acquisition and close the transaction in less than 90 days.
“I am thankful that we were able to save our client from making a bad investment and then turn around and successfully help them find and acquire a business that will provide them with exceptional profits well into the future” said Van Moody, Sr. M&A Advisor with Lion Business Brokers.
About Lion Business Brokers: Business Sales | Business Valuations | Mergers & Acquisitions
Owners who are looking to sell their business engage with LBB because they are trusted mergers and acquisition advisors. If you are looking to sell your business, their business listing services benefit you by managing the listing process, advertising, and qualifying potential buyers. Having the LBB team represent you, gives you access to a team that specializes in the marketing business for sale in a way that will appeal to a larger base of qualified buyers. Their business sales services also provide you with the confidentiality you require in your business transactions by having them market and interact with buyers that have gone through a comprehensive screening process, which protects the seller’s anonymity.
For more information, you can contact Lion Business Brokers