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.
