FOR IMMEDIATE RELEASE
May 13, 2025
Richmond, VA – RVA Business Brokers is proud to announce the successful sale of Transitional Adult Residential Community (TARC) for $4.45 million on May 2, 2025. TARC, established in 2006, has served as a vital provider of residential care for 19 disadvantaged and/or disabled adults, offering a safe and supportive environment for nearly two decades.
This transaction marks RVA Business Brokers’ third successful sale of a business in the adult residential care sector, reinforcing the firm's leadership and specialized experience in this unique and impactful industry.
Dan Daniel, Senior Business Broker at RVA Business Brokers, led the deal.
“We are pleased that we were able to secure the deal at over 10% of our asking price,” Daniel shared. “We were asking $4,000,000 for the business and, somewhat unexpectedly, a bidding war ensued. We are thrilled that the seller can now confidently enter retirement, knowing her life’s work will continue under a capable and compassionate new owner—and that she is financially secure.”
The transaction drew strong interest from multiple qualified buyers, highlighting the value and importance of businesses serving vulnerable populations. TARC’s legacy of care and community impact will continue, now under new ownership committed to upholding its mission.
RVA Business Brokers continues to serve as a trusted partner for business owners across Virginia looking to exit with confidence and value. For more information or to inquire about buying or selling a business, visit www.rvabusinessbrokers.com.
Media Contact:
Dan Daniel
Senior Business Broker
RVA Business Brokers
Email: dan@rvabusinessbrokers.com
Phone: (804) 614-4645