Seeking $17.5M Senior Debt for $5M EBITDA deal (under LOI)

April 28, 2022

by a searcher from Harvard University - Harvard Business School in Boston, MA, USA

A couple partners and I are seeking $17.5 million (3.5x leverage) of Senior Debt for a $5M home appliance distributor we have under LOI. Partners and I have direct experience in the space and will be operating the business full-time post-close.

The Company distributes branded home appliances (mostly kitchen appliances) via their own eCommerce website (i.e. no Amazon). No CAPEX, virtually zero working capital requirements (no AR, no Inventory) thus ~99.9% EBITDA to free cash flow conversion. No customer concentration. AOV: $4,000+. LTV / CAC: 13.0x.

Please DM or email me if you’d like to learn more: redacted

Reply by a searcher
from The University of Chicago in 85 Broad St, New York, NY 10004, USA

Revant - will email you. I work at Prospect Capital, which provides debt and minority equity capital as well.

Reply by a professional
from New York University in New York, NY, USA

Thanks for the post. I will follow up via email.

+1 more reply.

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