This isn’t an eBay auction. It’s from a site called MergerPlace.
Since the Seller has already slashed expenses, a new owner could take advantage of a “bare bones” approach, choosing when and how to grow, without the burden of high extra overhead. In addition to having an outstanding reputation, many long-term clients, substantial repeat business, and strong relationships with top-notch skilled independent contractors, a major plus is that a key employee is willing to remain–enabling a new owner to focus on generating new accounts. This Company has tremendous growth opportunities, and the very favorable economic trends in Hawaii support expansion. Another plus is that a new owner can relocate to another area of the island, if desired. This business is a real opportunity for a Buyer who is knowledgeable in advertising and sales, and who is enthusiastic about launching a powerful marketing program to take this solid ad agency to the next level of profitability.
The asking price? $275,000.
That’s for a company that has less than 5 employees, uses “approximately 600-700 sq. ft of office space” and “has not actively gone after new accounts since 2002.”
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sounds like the perfect venture for lilo & stitch.
Paradise has its share of con men, too :/
Put the offer out up front not later. Once you have the numbers, you can make a non-binding offer. If you encounter a decent opportunity make the offer via an unsigned (I use draft) LOI. This flushes the seller out and puts the ball in his/her court. Offers can be made even if you aren’t thrilled with the deal. Many times I have been a “stalking horse” and put out offers just to help the broker test the waters with the seller.