V-AID Business Investment Advises Trinity M, LLC on Sale of Sylvan Learning Baytown to Quila A&A, Inc.

Baytown – (October 31^st, 2022) – V-AID Business Investment is pleased to announce the sale of Sylvan Learning Baytown to Quila A&A, Inc.

Moon Kim with V-AID Business Investment, as an exclusive agent for Sylvan Learning Baytown, provided sell-side advisory services for Trinity M, LLC. from business valuation, marketing, negotiating the sale to transfer of business and real estate ownership. V-AID Business Investment is a fully-fledged business brokerage and M&A advisory firm that assists business owner to sell their business for the maximum value while finding the right buyer who can continue to grow the business.

Established in 2007, Sylvan Learning Baytown has helped many families and kids in the area with a diverse product offering such as supplemental tutoring in variety of subjects, College Prep, SAT and ACT Prep, STEM (Science Technology Engineering Math) with customized programs that are unique to each student that helps students learn up to three times faster compared to in school.

Like many small business owners, Trinity M, LLC. has had their fair share of ups and down over the course of owning Sylvan Learning in Baytown. During the 15 years of ownership, Trinity M, LLC was awarded the Sylvan Honor Roll six times which is only given to 10 or less Sylvan franchisees per year. Trinity M, LLC. was also relied on by Sylvan corporate to be part of several pilot programs and major initiatives. The biggest challenges Trinity M, LLC faced were from natural disasters such as hurricane Ike in 2008, hurricane Harvey in 2017, and the Covid 19 pandemic. With every challenge the business faced, Trinity M, LLC. was able to overcome such downturns with their resiliency and strategic efforts with the help from the community. Sylvan Learning Baytown currently has contracts with many school districts in the region and is part of the Texas AIM initiative which provides services to at risk students in a partnership with the Boys and Girls Club.

Moon Kim, Managing Director of V-AID Investment, commented, “Sylvan is one of the leading brands in the tutoring industry. They have helped many children and their families worldwide as our children had to adapt to distance learning during the Covid-19 pandemic. The sellers in this transaction are a shining example of how planning your exit with the help of a business broker and M&A Advisor like V-AID Business Investment can truly maximize the sale price of one’s business. When the owners initially decided to put the business on the market 4 years ago, it was valued at one-fourth of what it sold for. When Covid 19 hit, the owners decided to double down in marketing and increase their market share even with a slowdown in revenue. As a result, they were able to grow their revenue over triple-digit percentage points and increase the valuation of their business by 4 times the original amount. The selling price was achievable by planning ahead with an exit strategy and great teamwork from the V-AID team and the sellers.”

About Sylvan

Founded in 1979, Sylvan Learning is one of the leaders in the exam preparation and academic tutoring services. With its proprietary Sylvan Method™, customized learning for each student, and guaranteed results, Sylvan Learning has over 750 locations worldwide and is one of the highest recognizable brands in the USA.

For more information about Sylvan Learning, please visit https://www.sylvanlearning.com/

About V-AID

Since 2001, V-AID Group, a team of resilient business brokers and M&A advisors in Dallas TX, has been specializing in selling small to mid-size businesses in the main street to the lower middle market. V-AID’s experienced team of experts has a proven strategy that will ensure strict confidentiality, a streamlined selling process, and the maximum value for the business. With deep expertise accumulated from hundreds of done deals, V-AID delivers superior results by providing clients with strategic planning and creative solutions tailored to each transaction. Combining V-AID’s proprietary database of buyer networks and industry-leading marketing, V-AID offers a proven selling method that has been the solution to a value-added exit for hundreds of business owners with a completion of 585 transactions totaling over 124 Million Dollars and continuing.

V-AID Business Investment Advises Savory Recipe, LLC. on the sale of O I Shii Sushi & Japanese Steakhouse to Oishii Steakhouse and Sushi Inc.

Fort Worth – A local restaurant that’s been established for over 25 years known as O I Shii Sushi & Japanese Steakhouse is now under new ownership since October 31^st, 2022. Acquired by Oishii Steakhouse and Sushi Inc, this restaurant is located in a 3,200 SF of a retail strip center at 6302 Lake Worth Blvd #6302 B, Fort Worth, Texas 76135, and will continue to provide patrons with its quality food and fiery shows at the hibachi table.

Moon Kim with V-AID Business Investment, as an exclusive agent for O I Shii Sushi & Japanese Steakhouse, provided sell-side advisory services for Savory Recipe, LLC. from business valuation, marketing, negotiating the sale to transfer of business and real estate ownership. V-AID Business Investment is a fully-fledged business brokerage and M&A advisory firm that assists business owner to sell their business for the maximum value while finding the right buyer who can continue to grow the business.

O I Shii Sushi & Japanese Steakhouse was established by the seller in 1997, when it was converted from a Chinese restaurant into a full-service Japanese Sushi and Hibachi Restaurant. The restaurant currently provides a wide selection of hibachi, kitchen, and sushi menu items such as tempura, bento boxes, fried rice, sushi rolls, fresh sashimi, and much more. Patrons can also sit at one of the hibachi tables, where a professional hibachi chef will cook your meals right in front of you while providing entertainment with their culinary skills and friendly conversations. Many customers are locals of Fort Worth and the surrounding areas that have dined at the establishment for many years for their date night or a casual family outing. The quality and abundance of food at competitive prices has kept this business prospering even through Covid.

“This Japanese restaurant has been providing the locals of Lake Worth and Fort Worth with quality food at competitive prices that have kept it in business and prospering for over 25 years. I am humbled to have been a part of this transaction with my services and look forward to how the buyer, a young entrepreneur with a solid business plan to utilize current marketing trends and increase operational efficiency as an energetic operator, will continue to grow the business. The groundwork laid out by the seller for the last 25 years will be a strong foundation for the buyer to build on, as the seller passes on the torch knowing the business will be in good hands,” said Moon Kim, Managing Director of V-AID Business Investment in Dallas.

About V-AID

Since 2001, V-AID Group, a team of resilient business brokers and M&A advisors in Dallas TX, has been specializing in selling small to mid-size businesses in the main street to the lower middle market. V-AID’s experienced team of experts has a proven strategy that will ensure strict confidentiality, a streamlined selling process, and the maximum value for the business. With deep expertise accumulated from hundreds of done deals, V-AID delivers superior results by providing clients with strategic planning and creative solutions tailored to each transaction. Combining V-AID’s proprietary database of buyer networks and industry-leading marketing, V-AID offers a proven selling method that has been the solution to a value-added exit for hundreds of business owners with a completion of 585 transactions totaling over 124 Million Dollars and continuing.

Could purchasing a vehicle reduce your taxes?

Are you considering purchasing a vehicle anytime soon, or have you already purchased one this year? Did you know that a business owner could receive tax benefits for buying a vehicle? The Internal Revenue Service (IRS) has set guidelines for business owners to claim these tax benefits under Section 179 of the Internal Revenue Code. Before you start calling your local car dealership and start negotiating on a new Corvette, you need to understand that there are a few rules and limitations to this.

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Section 179

Section 179 of the U.S. internal revenue code allows businesses to take an immediate expense deduction on equipment, vehicles, and software for the given tax year. By utilizing Section 179, business owners can immediately reduce their tax burden, whereas capitalizing and then depreciating the asset will amount to smaller deductions over a longer period of time. For the fiscal year 2022, business owners can deduct up to $1,080,000 on qualifying equipment, and the limit on equipment purchases has increased to $2,700,000. Generally speaking, for a vehicle to qualify for the Section 179 tax deduction, there are rules you should keep in mind. One such rule is that the vehicle must be used at least 50% of the time for business-related purposes. Another limitation is that the Section 179 deduction cannot exceed your annual net taxable income, and the vehicle must be put into service or used for business purposes in the calendar year you buy it before December 31st. Vehicles can be categorized into two categories for tax benefits.

Small Vehicles

Millions of small businesses, independent contractors, and gig workers use small vehicles daily. The vehicles usually consist of passenger cars, crossovers, and small utility trucks. For a vehicle to be categorized as a small vehicle, it must weigh under 6,000 pounds and meet the rules mentioned earlier. The Section 179 deduction limit in the first year is $10,100 but can include bonus depreciation which will total the deduction to $18,100. However, the deduction allowance will be reduced if the vehicle is not used for business purposes 100% of the time, proportionate to its usage. For example, if the vehicle is used 75% of the time, the limit is $7,575 ($10,100 x .75).

Heavy Vehicles

A business vehicle must weigh at least 6,000 pounds and no more than 14,000 pounds to qualify as a heavy vehicle. Vehicles that fall under the heavy vehicles category consist of SUVs, vans, and pickup trucks. You can find the gross vehicle weight rating (GVWR), which can be found on the vehicle manufacturer’s label or in the vehicle information package. Section 179 has a deduction cap of $25,000 for heavy vehicles, but business owners can utilize bonus depreciation along with their deduction if they qualify. It’s also important to note that you do not have to purchase a brand-new vehicle for the deduction. The tax deduction qualifies for used vehicles as long as it’s new to the business, and the deduction can also be applied to vehicles that are being financed. It’s best to consult a tax professional to see how much of the deductions you qualify for.

Bonus Depreciation

Bonus Depreciation might seem similar to Section 179, but the two have their differences. Broadly speaking, large businesses typically use bonus depreciation, which is meant to be taken after the Section 179 deductions. Section 179 rules tend to be more flexible with timing than bonus depreciation, as business owners can choose to depreciate the entire value of certain assets immediately or defer a portion for the next tax year. However, bonus depreciation is not capped in regard to dollars. Large businesses can deduct a single multi-million asset in a year. In contrast, under Section 179, businesses are limited to $1,080,000 for year 2022 based on $2,700,000 capital equipment spend. Each program offers different tax advantages to business owners, and depending on the tax year, business owners can choose which option works best for them, if not both. Remember that to claim the tax benefits of Section 179 and bonus depreciation; you will have to fill out form 4562, as Section 179 and bonus depreciation are not automatically applied. It’s best to consult with your tax advisor so you can choose the best strategy that can benefit you the most.