Pictured left to right: Mehdi & Leena Mir (Buyers), Carlito & Monica Figueiredo (Sellers)

The Sellers are Canadian citizens and own businesses here in the U.S., Canada, and in Asia. They, along with their extended family (who were all business owners and clients of ours here at CBB for whom we sold Fish City Grille, Malibu Steakhouse, and Tuscany Italian Grill) all decided that they'd be moving back to Canada and needed to sell this business.

The buyers had been looking for quite some time with another brokerage firm to find a restaurant that fit their criteria, but grew wary of the firm's sales tactics. Once they came to us we were able to find them a restaurant relatively close to their home that was being run as semi-absentee and fit their investment objectives. The buyer made an exit from his oilfield-related position and wanted to run his own business on a part time basis. Luigi's, a cozy Italian restaurant, was an excellent fit.

This business was sold within five months of going to market.

Ryan DeGennaro listed the business and sold it.