Entrepreneurial Opportunity 2022-02: Project Flower

Basic Information

  • Type of Opportunity: Retail Business for Sale
  • Opportunity ID: Project Flower (TSEO 2022-02)
  • Posting Date: January 24, 2022
  • Closing Date: March 21, 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 retail business is wanting to retire and sell their business to another entrepreneur.
  • Annual sales range from $72,000 to $92,000.
  • The business leases its retail space at a cost of $660 per month.
  • The business currently only has one employee (the owner).

Terms

  • Business Asking Price: $20,000 to $30,000 based on the amount of inventory the purchaser wishes to keep.
  • Timing: as soon as possible.
  • Financing: Seller is willing to work with the purchaser to arrange payments.
  • 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 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