Tiffin, Ohio — Tiffin-Seneca Economic Partnership (TSEP) declared Wednesday that a extensive-standing profitable and community Tiffin retail small business is readily available for sale.
The owner would like to retire and is on the lookout for anyone new to take above.
Thorough info about this option codenamed “Project Starlight” can be located on TSEP’s “Entrepreneurial Option Clearinghouse” at tseoc.org. The prospect will stay open up until eventually a new owner and supervisor is observed.
The business enterprise owner wishes to keep on being nameless at this time. The small business for sale is a profitable, rewarding retail company inside of the city of Tiffin that has been in operation for many generations.
The proprietor is hunting to sell all factors of the companies together with stock, equipment, and facts for $250,000. The operator is also seeking to sell the residence, which is located in a person of Tifffin’s most hugely trafficked commercial districts, for $300,000.
The assets incorporates a third of an acre, a 3,700 sq. foot building, and an 8,000 sq. foot parking large amount. The existing once-a-year income from the enterprise is $110,000.
The operator is completely ready to retire but would like to see the small business keep on, so they are also willing to offer some transitional mentoring and training to help an entrepreneur who might be seeking to master on the task.
Tiffin Mayor Aaron Montz is hopeful a new proprietor can be observed. “We seasoned achievements with acquiring the ideal person to manage Chook Scooters by the Entrepreneurial Option Clearinghouse,” he explained. “I hope the similar issue transpires with this Tiffin company which has these kinds of deep roots in our neighborhood. We really don’t want to drop it when the owner retires.”
Suitable parties may well include things like persons seeking to operate and/or possess the organization, but really don’t have to be both. The Tiffin-Seneca Entrepreneurial Opportunity Clearinghouse (TSEOC), launched in April of 2021, is a new application developed to facilitate the flow of entrepreneurial expertise and capital to new small business get started-up, franchise, and small business acquisition chances.
There may be investors that do not want to run the organization but would be willing to commit if a skilled entrepreneur and business enterprise supervisor could be located. Intrigued get-togethers ought to call TSEP Enhancement Supervisor Audrey Flood by e mail at [email protected] or by cell at 419-561-0244.
Bryce Riggs, Government Director of the Seneca Regional Chamber of Commerce and Visitor Expert services and chair of TSEP’s Tiffin-Seneca Entrepreneurship Committee, supports the initiative. “One of our member companies came to us searching for sources relevant to legacy setting up and changeover. I realized they would be a best prospect to make use of TSEP’s new Entrepreneurial Chance Clearinghouse and was delighted to link them.”