Seller changing careers while buyer coming out of retirement.
The seller of a restaurant in San Pedro had the opportunity to join forces with family to build up a business and wanted to devote more time to it. The seller had retired but decided it would be a great time for him to acquire and grow a business. We were asked to help the seller find a buyer for the restaurant while the buyer wanted to find a compelling opportunity with a concept he could get engaged with.
We listed the restaurant for sale and showed it to a number of parties. The buyer conducted a comprehensive due diligence and decided to acquire the business.