Entrepreneurial Opportunity 2022-01: Project Mystic

Basic Information

  • Type of Opportunity: Service Business & Real Estate for Sale
  • Opportunity ID: Project Mystic (TSEO 2022-01)
  • Posting Date: January 10, 2022
  • Closing Date: March 7, 2022, or when the seller comes to agreement with a prospective seller, whichever comes first.

Description of Opportunity

  • The owner of a long-standing, successful Seneca County service business is wanting to retire and sell their business to another entrepreneur.
  • Annual sales this year are expected to be $450,000, generating $70,000 in profit.
  • Building contains approximately 11,000 sf of commercial space plus some additional storage space.
  • The business currently employs 4 full-time employees.

Terms

  • Business Asking Price: $250,000.
  • Real Estate Asking Price: $350,000.
  • Timing: as soon as possible.
  • Financing: Buyer is responsible for funding or financing the purchase. Seller willing to lease the building for a short time.
  • Ongoing Support: The business owner will provide support and serve as a resource to help the purchaser learn the business.

How To Explore the Opportunity

  • Step 1: Pre-Qualification. Contact David Zak, President & CEO of TSEP, at zak@tiffinseneca.org or by phone at 419.912.1150 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.

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