Entrepreneurial Opportunity 2022-07: Project Symphony

Basic Information

  • Type of Opportunity: Service Business for Sale
  • Opportunity ID: Project Symphony (TSEO 2022-07)
  • Posting Date: April 4, 2022.
  • Closing Date: June 6, 2022, or when the seller comes to agreement with a prospective seller, whichever comes first.

Description of Opportunity

  • A successful Seneca County service business owner is looking to retire and would like to sell their business to a new entrepreneur.
  • The business works in surrounding counties in addition to Seneca County.
  • Annual sales are approximately $500,000.
  • Leases space at $1,000 per month.
  • The business has 4 full-time employees.

Terms

  • Asking Price: $650,000 (negotiable). Includes all vehicles, inventory, equipment, and business assets.
  • Timing: as soon as possible.
  • Financing: The seller is willing to work with a purchaser to arrange a financing plan.
  • Ongoing Support: Willing to offer support as paid consultant to the purchaser.

How to Explore the Opportunity

  • Step 1: Pre-Qualification. Contact Adam Gillmor, Development Coordinator at TESP, 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@tiffinsenec.org to be placed on the email list for future opportunities.