TSEO 2024-02: Project Tucker

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Basic Information

  • Type of Opportunity: Heavy delivery and associated real assets

  • Opportunity ID: Project Tucker (TSEO 2024-02)

  • Posting Date: June 24, 2024

  • Closing Date: August 23, 2024 or when the seller comes to an agreement with the prospective buyer, whichever comes first.

Description of the Opportunity

  • The owner of an established and well-regarded Seneca County business is seeking to retire and sell their business to a new entrepreneur.

  • In 2023, the business had total sales of $130,000.

  • The business operates primarily in Seneca and Wyandot counties, but also services clients in the surrounding counties.

  • The business serves both residential and commercial customers.

  • The business has regular clients in both the residential and commercial categories and continues to accept new clients.

  • Opportunity includes 2 commercial vehicles which require a Class B CDL to operate.

Terms

  • Asking Price: $135,000 for the business. Included with purchase: 2 Commercial Vehicles and associated equipment.

  • Timing: as soon as possible.

  • Financing: The buyer should be able to bring their own financing to the table.

  • Ongoing Support: The seller is willing to stay on to help the new owner learn about the business’s operations. 

How to Explore the Opportunity

  • Step 1: Pre-Qualification. Contact Adam Gillmor, TSEP Development Manager, at gillmor@tiffinseneca.org or by phone at 419.447.3831 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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