Kevin McLauchlin
Gilbert, AZ (USA)
Role(s):
Founder/Owner/Principal
Digital Current
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Startup
Location:
Gilbert
Industry:
Technology/Web
Year Founded:
1998
Number Employees:
10-50 people
Business Stage:
Mature
Entity Type:
"S" Corporation
Description:
I am the owner of a small digital marketing agency that has grown from nothing to 1.2 million in our second year. After gaining some attention in the market we have been approached by a larger local agency to purchase them as one of the partners/ my wife started her career in digital marketing with the agency. The owners are looking to retire and would like to get out with the least hassle possible. We were offered what we feel like is the deal of a lifetime but we need to raise the capital to complete the transaction. All details are available including financials, current client reports, and company valuation reports. Current appraised value of the business is between 5-7 million asking price is 2.5 million with a cash out making the purchase price 1.85 million.