V-AID Business Investment Advises Theo’s Grill & Bar Inc. on sale of Theo’s Grill & Bar to Jinbak, LLC.
Grand Prairie- A local diner that’s been established for over 30 years known as Theo’s Grill & Bar is now under new ownership since August 1st, 2022. Acquired by Jinbak, LLC., this restaurant is in a 4,850 SF space of a standalone building at 107 NW 8th Street Grand Prairie, Texas 75050, and will be providing you with the same delicious, simple, and local favorite homestyle comfort food with a side of kindness and exceptional service.
Kevin Chung with V-AID Business Investment, as an exclusive agent for Theo’s Grill & Bar, provided sell-side advisory services for Theo’s Grill & Bar, Inc. from Business Valuation, Marketing, and 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 the business owner to sell their business for the maximum value while finding the right buyer who can continue to grow the business.
Theo’s Grill & Bar was established by its original owners in 1992 and has been operating by the previous owner since 2006 the dining area was expanded to accommodate more customers. The customers consist of a wide range of demographics, but mainly middle age to seniors. Most of the customers are middle-income, loyal, and repeat customers who have been coming for decades and know each other like a family. This restaurant has accumulated a solid repeat customer base for the past 30 years of operation due to its quality food and exceptional service.
“30+ year established local favorite diner has been sold to a restaurateur with a vision and plan to further grow the business. This business was almost like an institution where the owner knew most of the customers by their first names and where most of the customers knew each other. The current owner has been in the restaurant business for a long time and was ready to retire and planned the sale and was able to locate a ready, willing, and qualified buyer. Both parties were highly satisfied with the overall transaction process and the sale provided a new chapter both for parties,” said Kevin Chung, Vice President of V-AID Business Investment in Dallas.
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 on 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.