Campanella’s
Location
Industry
Business Broker
Situation
The owners, a husband-and-wife team, started Campanella’s and had run the family-owned and operated restaurant for over 40 years, building a loyal customer following. When they decided they were ready to retire, their accountant referred them to BayState Business Brokers.
BayState Business Brokers’ Approach
Bil Zarch has significant experience in brokering the sale of restaurants and food-related businesses. He developed the marketing strategy to target individual buyers and strategic buyers with restaurant holdings in Rhode Island.
A group of young entrepreneurs emerged as a great fit to buy the restaurant. They knew Cranston, several had restaurant experience, and the offer was a cash deal.
Results
The sellers chose to keep the real estate, enabling them to secure lease income as they commenced retirement. The transition was well thought out by the sellers as they invested time and energy to introduce the new owners to the staff, enabling a positive and smooth transition. Great care was taken to preserve the friendly and welcoming environment that loyal patrons were accustomed to, helping the buyers start the next chapter in the restaurant’s history.
