1847 executes letter of intent to sell 1847 cabinets inc. for $27.6 million

New york, ny / accesswire / april 23, 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 announced the execution of a non-binding letter of intent ("loi") with a prospective strategic buyer to sell all assets of 1847 cabinets inc. under the terms of the loi, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all assets of 1847 cabinets inc., representing a 5.91x multiple of 2023 ebitda of approximately $4.7 million. the proposed acquisition deal is subject to the negotiation and entry into a definitive purchase agreement and the satisfaction or waiver of customary closing conditions.
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