V-AID Business Investment Advises H&Q JIANGSU INC. on Sale of Rice & Noodle to Lumo Litty LLC
McKinney – V-AID Business Investment is pleased to announce the sale of Rice & Noodle to Lumo Litty LLC. Rice & Noodle operates in a 2,632 SF space inside a retail strip center situated next to one of the country’s largest national retailers, bringing in tremendous foot traffic. The supercenter also has a very efficient mix of retailers that serve the demographics suited for this business in an area heavily surrounded by single-family homes in all directions. The address 1521 N. Custer Rd. Ste 2600, McKinney, Texas 75071.
Rice & Noodle This opened in 2017, quickly growing in popularity and sales even throughout the pandemic. The customer base consists of a good mix of all demographics, but the majority are Caucasian individuals and families with mid to upper-income levels. Many are regular customers, and the customer base continues to increase as the surrounding city continues to develop at a rapid pace.
Kevin Chung with V-AID Business Investment, as an exclusive business broker for Rice & Noodle, provided sell-side advisory services for H&Q JIANGSU INC. from business valuation, marketing and negotiating the sale to transfer of business. V-AID Business Investment is a fully-fledged business broker and M&A advisor that assists the business owner in selling their business for the maximum value while finding the right buyer who can continue to grow the business.
“In a heartwarming turn of events, a beloved fast-casual Chinese eatery, known for its seamless operations and delicious fare, found itself in the caring hands of a young, driven entrepreneur eager to broaden their horizons. With two successful ventures already under their belt, this spirited buyer saw an opportunity to expand their repertoire and embraced it wholeheartedly.
The restaurant’s seasoned owner, a revered figure in the culinary world with a history of successful ventures, had meticulously laid the groundwork for prosperity: a skilled team, a curated menu, and a streamlined operation. Their dedication bore fruit, as evidenced by the steady growth in revenue over the seven years of operation, catching the eye and imagination of the eager buyer.
Remarkably, fate seemed to intervene, as the buyer and seller discovered they shared not only a nationality but also a surname. From their very first meeting, a special bond formed between them, fostering a sense of kinship and mutual respect.
Now, as the seller gracefully steps into retirement, ready to bask in the warmth of family bonds, the buyer eagerly embraces the legacy left behind. With gratitude and determination, they are poised to nurture the seeds of success planted by the previous owner, ensuring the continued flourishing of this cherished establishment.” Said Kevin Chung, CBI, VP of Business Brokerage for 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 635 transactions totaling over 146 Million Dollars and continuing.
