Contact: Ola - Business Buyer At 805-490-1824 Cell - Also Email This Contact Below
I am a serious business buyer who will buy a business that meets my criteria in the next 2-6 months. This is currently my highest priority and I have a team ready to look at deals that fit my needs. I am ready to make a deal.
I am primarily interested in acquiring a business in the Automotive Industry, but would look at other mechanical / (re) manufacturing industry companies that meet or exceed the criteria below. Locations in Ventura County and neighboring areas are ideal.
The business should have:
- Purchase Price Range: $300,000-$550,000 (potentially higher with partial owner financing)
- Revenues above $750,000
- Officer / Owner Salary $100k+
- 3 years of detailed financial statements
- IRS Tax Returns (for 2018, 2019, 2020),
- 3 years of Income Statements, Cash Flow Statements, and year-end Balance sheets.
- Cash flow positive
- No liens, lawsuits or other liabilities
Preferred Business Attributes:
- 10+ years in operation
- Excellent employees with good tenure and attendance
- Loyal customer base, and good social reviews
- Semi or fully Absentee ownership (I want to work in, and, grow the business)
- Reasons for selling; retirement, relocation or health
- Sound business plan with untapped revenue streams
- Non-compete agreement, with area exclusivity
- Ample training
I would prefer a business with growing revenue, but will take a look at a profitable business with flat or declining revenue. Good books and records are a must since I will be leveraging a cash down-payment with SBA backed bank-financing to complete the transaction. Buyer financing is welcomed and may make up for some potential deficiencies in business attributes. I have an excellent credit rating and all cash down-payment.
A little bit about me, I have been involved in the automotive aftermarket for 15+ years where I have managed engineering, product development, R/D, marketing and sales. Additionally, I have experience from other mechanical / manufacturing / re-manufacturing / service industries, in hands-on and in management capacities. My educational background includes a Business Management degree as well as Electrical & Mechanical trade schools prior to that.
I look forward to hearing from you and learning about the business you are looking to sell!