My team has a business under contract and we are seeking an operating partner.
The business manufactures its own line of physical products and sells them alongside competing products. The business is construction adjacent and has a history of profitability. There is currently an experienced manager in place who train you over a long transition period. The business is located in Southern California and will require you to live locally. My team has experience growing this type of business through improved product distribution. The ideal operating partner will have the ability to improve the manufacturing process as well as hire and train new employees to increase output to meet demand required by increased distribution.
The business has the following financial metrics:
Revenue: $16mm
Adj. EBITDA: $1.35mm
Ent. Value: $4.8mm
You need to have:
- 4 years of management experience or an MBA from a top school
- Experience owning a P&L (being ultimately responsible for both sales and cost controls)
- Experience in manufacturing, engineering, or construction (preferred)
- Experience managing multi-location business (preferred)
- The ability to relocate to SoCal on your own.
- US citizenship (preferred)
You will receive:
- Salary of $120k-$150k during training period
- Performance bonus target: 50% of salary
- Equity of 30%-70% to start (no capital injection required)
- (Potentially) additional shares if growth targets are met
If this sounds intriguing to you, please send me a direct message. This post will be deleted when it is no longer necessary.
Seeking operating partner for business under LOI
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