Looking for $180,000 for a business buyer.
I'm a business broker and I have a buyer for a business I have listed for sale (somewhat north
of Portland).
The business being sold is a party / tent rental company in business since 1998. They provide tents, chairs, tables, dance floors, etc. for weddings, corporate events, fairs, family parties, and anyone else who needs tents.
High level numbers for this company:
Sale Price: $220,000
Gross Sales: $220,000/year
Cash Flow: $122,000/year
The
buyer has recently purchased a bakery, which could be a good
synergistic fit, each company benefiting from the other. Due to the
recent
purchase, the buyer's SBA borrowing ability is limited, so I'm looking for an alternative. He has $44,000 cash for a down payment.
There is no real estate transacting as the buyer already has a location from which to run the tent company.
The buyer may be able to offer his personal residence (appraised at $436,000) as collateral, but part is pledged against the bakery purchase. The seller is guaranteeing that he will have at least $60,000 in orders booked for the upcoming season by closing.
If you want a place to park some money, please contact me and I'll put you in touch with the buyer.
PS - I am not looking for any sort of compensation or cut of the lending fees. I just want to get this business sold!