1847 provides update on the sale of 1847 cabinets inc.

New york, ny / accesswire / april 29, 2024 / 1847 holdings llc ("1847" or the "company") (nyse american:efsh), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, today provided an update on the sale of 1847 cabinets inc. as previously announced on april 23, 2024, the company executed a non-binding letter of intent ("loi") with a prospective strategic buyer to sell all of the assets of 1847 cabinets inc. ("1847 cabinets"). under the terms of the loi, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all of the assets of 1847 cabinets, including $11.5 million in earn-out payments over a three-year period, representing a 5.91x multiple of 2023 ebitda of approximately $4.7 million.
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