Author: V-AID Group

V-AID Selected to Sell a Well-Established Authentic Mediterranean Restaurant

Collin County— V-AID Business Investment has been named to direct the sale of a well-established Mediterranean restaurant in Far Northeast Dallas. Owned and operated by a Texas Limited Liability Company, this 1,320 SF restaurant located in Collin County will be providing the customers an improved fast-casual dining experience. This business is the only authentic Mediterranean restaurant in the area, serving delicious Mediterranean cuisine in the area.

Moon Kim and Stephen Lee with V-AID, as an exclusive agent for this local business, are providing complete sell-side advisory services for the owner of this business from business valuation, marketing, negotiating the sale to transfer of business ownership. V-AID Business Investment is a fully-fledged business brokerage firm that assists the business owner to sell their business for the maximum value while finding the right buyer who can continue to grow the business.

This business was originally established by the current owner in 2014. This authentic Mediterranean restaurant offers a variety of menu items ranging from appetizers, salads, entrees/dinners, Indian curries & Biryani, pita wraps, kid’s menu, sides/extras, lunches menu, etc. This restaurant is conveniently located just off from a major road next to multiple national retailers in the hub of a strong retail zone of this city, which creates tremendous foot traffic. The big advantage of this business is that it is the only authentic Mediterranean restaurant in the immediate market area, attracting all the customers who want to eat Mediterranean food.

“Nice quaint shop, owner’s fresh ingredients that keep prices competitive and customers coming back for more,” said Stephen Lee, senior business intermediary of brokerage team for V-AID Business Investment in Dallas.

Since 2001, V-AID, Business Brokers Dallas, 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.

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When is the “Right” time? – Now May Be the Time to Purchase Your Own Business

Purchasing a business is extremely tough as you want to find the perfect opportunity that fits your needs and passion. But with COVID-19 affecting all businesses, finding a perfect opportunity is almost impossible when surrounded by an imperfect situation to purchase a business.

Thankfully in 2020, SBA provided a huge incentive to assist in purchasing your own business. Although this helped many individuals to move forward purchasing their own business, the program ended on September 27, 2020. On December 27, 2020, The Consolidated Appropriations Act of 2021 provided additional COVID relief for small businesses. The bill includes limited-time benefits for small business owners seeking SBA 7a financing.

For all new 7a loans that close and fully fund by September 30, 2021, borrowers will be eligible to receive the following benefits:

• 3 months principal and interest payments made by the SBA, capped at $9,000 per month
• No SBA guaranty fee (up to $138,125)

This program allows you to purchase a business through SBA 7(a), 504, and microloans and have SBA pay the first three months principal and interest capped at $9,000/month and the SBA guaranty fee for the Buyer. Do I mean deferred payments? No, SBA is making full payments of principal and interest to your SBA lender for the first three months straight, and you will be no longer responsible for the payments, and there will be no SBA guaranty fee for the purchase.

There is a couple of very important that you should keep in mind to benefit from this great incentive for business buyers:

• The maximum loan amount for this SBA guaranteed loan, primarily SBA 7(a), is $5 million.
• Loans must be submitted to and issued by the SBA by September 30, 2021. In other words, SBA loan number for your loan to purchase your business must be issued to your lender by September 30, 2021.
• It typically takes 60 to 90 days to complete an SBA loan process.

This incentive will allow you as a Buyer to potentially save hundreds of thousands of dollars if you successfully purchase a business within this time frame. For example, for a business being purchased for $1,000,000 based on a 20% down payment at 6% annual interest with a 10-year amortization, your savings will sum up to $26,644.92 for SBA making full payments of principal and interest and approximately $17,550 for SBA waiving guaranty fee.

Any other question? Please feel free to contact V-AID, Business Broker Dallas! We are here to assist you in accomplishing your goals even in this challenging time.

Source: U.S. Small Business Administration