DESIRED ATTRIBUTES OF THE TARGET COMPANY
INDUSTRY: Established and profitable business with exceptional reputation for honesty, quality, reliability, and value in North Carolina. An opportunity for growth are more important than the specific industry. Preferences include light manufacturing and B2B distribution companies. Less interest in consumer retail, childcare, or food related businesses.
SIZE: Annual sales of the target company currently between $2,000,000 and $10,000.000. Cash flow (owner salary plus profit) of $600,000 to $1,000,000 range.
LOCATION: Raleigh, Durham, Chapel Hill, North Carolina.
MANAGEMENT: Major changes on the staff are not expected and prefer selected key personnel to remain with the business.
TRANSITION: It is expected that a transition period will be agreed to by both parties so as to provide assistance and allow for a smooth transfer of management control and ownership for the benefit of the seller, the buyer, employees, customers and suppliers.
FINANCING: I am prepared to make a substantial down payment from own funds. We have access to various lines of credit for working capital. Seller participation is expected in the financing of the sale.