Left to right: Rene & Shiv Rai (Sellers), Peggy Tate (CBB Broker), Antonio & Jose Moreno (Buyers)

This fine, high-volume restaurant franchise, established in 2007, is located in Katy, one of the fastest growing communities in the nation. With a full bar and outdoor patio, a manager on staff runs daily operations.

The buyers, Antonio & Jose Moreno, had been working with CBB to acquire a business for two months. They looked at several restaurants but gravitated towards Fish City Grill because of its strong operations and financial performance....with verifiable records. From the beginning, the Moreno brothers seemed to have an easy chemistry with the sellers, which often bodes well for a successful transition. The Moreno's between them have a law degree, a business degree, a master's degree in finance, and 10 years of experience in banking and casino operations. The sellers, Rene & Shiv Rai, felt confident with the buyers' background and financial wherewithal needed to be successful after acquiring the business. This was key since Seller financing was part of the deal.

After a very smooth closing, the buyers are excited about running their new business and taking it to a new level. The sellers, who are very energetic entrepreneurs, have already embarked on their next enterprise, a sports bar, and are looking to get into other types of industries as well.

The business was sold in 10 months from going to market.

Ryan DeGennaro listed the business and Peggy Tate sold it.