$500K EBITDA Fence Installation Business for Sale in Germany

Business model: Sale and installation of fences Owner is looking to retire, no relatives. No listings on market places (e.g. Deutsche Unternehmensbörse) Purchase price likely in the range of 2M€. Industrial building is part of the assets, too, and valued at 1.2M€. Equipment and machinery is part of the assets, too. Revenue and EBITDA is unknown to me atm. However, selling at 3-5x EBITDA multiple doesn't sound way off to the seller. 3 employees (full time hires). Business maturity >25 years with significant portion of B2B sales. Current owner is very hands-on, and a portion of the revenue likely depends on the owner. Location: Greater Cologne area (Rhineland), Germany Contact me, if this fits your investment thesis.