Entrepreneurial Opportunity 2022-08: Project Celeste

Basic Information

  • Type of Opportunity: Service Business and Real Estate
  • Opportunity ID: Project Celeste (TSEO 2022-08)
  • Posting Date: April 18, 2022
  • Closing Date: June 20, 2022, or when the seller comes to an agreement with the prospective buyer, whichever comes first.

Description of the Opportunity

  • The owner of a successful Seneca County service business with clients in other counties is looking to sell their business to another entrepreneur.
  • The business has grown year-over-year and now provides services in Both Seneca and Hancock County.
  • Gross sales of approximately $650,000, with upwards of $50,000 in income.
  • 250 square foot building, leased spaces in Tiffin and Findlay
  • 10 full-time employees

Terms

  • Asking Price: $1.2 Million. Includes vehicles, equipment, and real estate
  • Timing: As soon as possible
  • Financing: The seller is willing to consider possible financing options on a case-by-case basic for interested buyers.
  • Ongoing Support: The seller is willing to provide six months to one year of introductory support to the buyer.

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. 

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