Business owners asks $30,000 for business, equipment and parts, inventory, client files, and furniture
TIFFIN, OHIO – Monday, March 21, 2022 – Tiffin-Seneca Economic Partnership (TSEP) announced today that the owner of a successful Tiffin consumer service business is looking to retire and sell the business. Detailed information about this opportunity, codenamed “Project Tailgate,” can be found on TSEP’s “Entrepreneurial Opportunity Clearinghouse” at tseoc.org. The opportunity will remain open from now until May 23, 2022. Interested parties should contact Adam Gillmor, Development Coordinator at TSEP, at gillmor@tiffinseneca.org, or by phone at 614.725.8086.
The business owner, who wishes to remain anonymous at this time plans to retire and wants to pass their business on to another entrepreneur. Currently, the business does about $40,000 in sale with a 30% profit margin. However, prior to COVID, the business did approximately $60,000 a year in sales. The business is located in a 1,400 square foot space that is leased for $650 a month, which includes gas, water, and electric. The owner is asking $30,000 for the business, all equipment and associated parts, inventory, client files, and furniture.
Eligible parties may include people wanting to run and/or own the business, but don’t have to be both.
Tiffin Mayor Aaron Montz stated his support for the project. “Business retention is an integral part of maintaining the growth we’ve experienced in recent years. The Tiffin-Seneca Entrepreneurial Opportunity Clearinghouse has kept multiple businesses in the community, and I’m excited to see who takes this new opportunity.”
About the Tiffin-Seneca Entrepreneurial Opportunity Clearinghouse
The Tiffin-Seneca Entrepreneurial Opportunity Clearinghouse (TSEOC), launched in April 2021, is designed to facilitate the flow of entrepreneurial talent and capital to new business start-up, franchise, and business acquisition opportunities. There may be investors that do not want to run the business but would be willing to invest if a competent entrepreneur and business manager could be found. To date, the Clearinghouse has promoted ten opportunities and facilitated three successful business transactions: Bird Scooters, Kuebler Shoes, and T.J. Willie’s. Additional information can be found at tseoc.org.
About the Tiffin-Seneca Economic Partnership
Started in 1983 as the Seneca Industrial and Economic Development Corp. (SIEDC), the Tiffin-Seneca Economic Partnership is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on in Tiffin and Seneca County at www.tiffinseneca.org.
