Closing Date: May 9, 2022, or when the seller comes to agreement with a prospective seller, whichever comes first.
Description of Opportunity
The owner of a successful Seneca County service business is looking to retire and sell their business to a new entrepreneur.
The business has an established customer base and is well regarded in the area.
Last year the business did approximately $150,000 in sales and had a roughly 40% profit margin.
This business currently has 8 full-time employees.
Terms
Asking Price: $83,000. Includes $8,000 in equipment and supplies.
Timing: as soon as possible.
Financing: The seller may be open to financing the sale.
Ongoing Support: The seller can assist the buyer orient themselves to the new business.
How To Explore the Opportunity
Step 1: Pre-Qualification. Contact Adam Gillmor, TSEP Development Coordinator, at gillmor@tiffinseneca.org or by phone at 614.725.8086 to discuss your interest in the opportunity.
Step 2: Further Discussion. After pre-qualification by TSEP, your name and contact information will be passed along to the business owner, who will initiate further discussion if interested.
Step 3: Due Diligence. After connecting with the pre-qualified entrepreneurs and businesses of their choosing, the manufacturer will either select one and begin discussions, and the due diligence process will begin for both the seller and purchaser.
Step 4: Deal. If due diligence goes well, then the parties will move forward with the deal according to agreed-upon terms.
To Stay Informed of Future Opportunities
Please contact Adam Gillmor, gillmor@tiffinseneca.org to be placed on the email list for future opportunities
