Kill Devils Frozen Custard on the Outer Banks Sold to the Perfect Buyers
MidStreet Mergers & Acquisitions, a business brokerage firm representing privately-held businesses throughout the South East, has successfully completed the sale of Kill Devils Frozen Custard and Beach Fries, a famous frozen custard and family restaurant in Kill Devil Hills, NC.
Known for its delicious Frozen Custard and beach fare, Kill Devils is a favorite of tourists and locals alike. Over its many years in business, Kill Devils has received local and national awards, including being named one of the ten best ice cream shops on the beach by Costal Living magazine and awarded the Trip Advisor’s Certificate of Excellence three years in a row.
Previous owners Mike and Kathy Wiechec bought the business in 2005, and grew it into one of the Outer Banks most recognized brands. After 13 years of owning, developing, and running Kill Devils, they decided they were ready to sell the business to new owners and relocate.
“We were a little burnt out on running the business, so Duane and Michelle bring a new perspective and new energy to take things to the next level.” said Kathy.
Mike & Kathy decided to list their business through MidStreet, who created a marketing video to highlight the businesses most unique and attractive features.
Kill Devils Frozen Custard is known for drawing lots of customers, and serving delicious treats on Outer Banks of North Carolina. The marketing video was created to highlight both the popularity of the business and the attractiveness of the lifestyle to potential buyers.
As of March 28th, 2018 Duane and Michelle Gillespie are now the proud owners of Kill Devils Frozen Custard and Beach Fries.
Duane comes to the business with extensive experience in the food service industry. After 15 years working with Outback Steakhouse, Duane joined then startup, Sweet Frog frozen yogurt for four years as their Director of Operations, opening new stores throughout North Carolina and Virginia.
“For years we’ve vacationed on the Outer Banks – from the time our kids were little – and we’d always go to Kill Devils. Kill Devils was always on the list no matter where we were staying on the Outer Banks. The opportunity to buy the business was very intriguing to us.”
For Duane and his family to receive funding from the Small Business Administration to purchase the business they had to establish proof of residency in North Carolina. They sold their home in Virginia, packed their belongings, and headed to the Outer Banks.
“We had to ask ourselves, how many times in our lifetime will this opportunity come up? We know the place, we love the place, and we know the business. So, we’re beyond thrilled to have the opportunity to do this.”
The sale was completed by Jeffery Baxter, President of MidStreet Mergers and Acquisitions.
“Kill Devils is an Outer Banks landmark. I knew from the moment Mike and Kathy called we would have a number of interested buyers but I couldn’t have imagined a more perfect fit than Duane and Michelle.”
The Wiechecs are excited about the future. They plan to travel, spend time with family and give back to the community through volunteer opportunities. “We have quite a few long-term customers who were sad to learn we sold the business, but it was great to see them interacting with the new owners, Duane and Michelle. I’m really happy for them, and I think they’re really going to do great.” said Kathy.
Thinking of selling your business? Contact MidStreet today!
Know Your Company's Worth
Prepare to sell by determining the value of your business.
Subscribe To
THE MIDSTREET BLOG
