Description

This distressed business is seeking a suitor. Everything went wrong during the recent recession and they can’t recover without a partner with serious cash. A 50-year old truck and heavy equipment parts company with an excellent reputation for customer service needs to get out from under about $300k of debt and tax liabilities to operate unencumbered. The mortgage on the building is in default and the bank will settle for about a third of the outstanding debt in a short sale. This is a perfect situation for the right investor who understands how to bring all the parties to the table, get them to compromise, and walk away with a viable parts company with a specialty niche.

Posted Jul 6, 2016

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