International Business Exchange (IBEX) successfully brokered the sale of the business Looney’s Super Market in Karnes City, TX on November 11th, 2011 a undisclosed corporation. IBEX acted as the merger and acquisition advisor to the deal, helping the business owner list, market, wade through buyers, due diligence and a close the deal. Looney’s Supermarket is a community grocery store in downtown Karnes City, Texas. The previous owner, J.D. Looney, established the business in July 1971. The business has a well-established customer base from over 40 years of service. It has a great location in a small community, downtown setting. It is next to a bank, one block off the main street. All local schools are within 5 to 6 blocks. The strengths of the Company recognized by customers and the owner are - great meat market with excellent market made sausage, friendly / courteous customer service, convenience at a fair price, payroll check cashing service and delivery to homebound customers.