Frequently asked questions
Frequently asked questions
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How are you different from Private Equity?
How are you different from Private Equity?
Private equity usually has a 3-5 year "timer" before they have to sell your business again. We have no "exit" mandate. We use our own capital to hold businesses indefinitely.
Learn more: Why We're Different
Do I have to stay after the sale?
Do I have to stay after the sale?
We find that transitions are most successful when the current owner stays on as an advisor for a few months. This allows for the transfer of all that operational knowledge you've built through your year of hard work. We'll work together to build the transition plan around your goals while ensuring the future success and growth of the business.
What kind of businesses do you buy?
What kind of businesses do you buy?
We look for profitable companies with at least 5 years of profitable history, a strong local reputation, and $250K – $350K Seller's Discretionary Earnings (SDE).
Learn more: What We Look For
How long does the process take?
How long does the process take?
We move at the speed of "Main Street," efficiently, but responsibly. Once we receive your initial financial information, we can typically provide a Letter of Intent (LOI) within 14-21 days. After the LOI is signed, you can expect the deal to close in roughly 60 to 90 days. This timeframe allows us to properly complete due diligence, secure financing, and finalize the legal purchase agreements without rushing you or the business.
Will you change my company's name or culture?
Will you change my company's name or culture?
No. We buy businesses because they are successful. We want to keep your name, your team, and the "secret sauce" that made you great in the first place.
How do you fund acquisitions?
How do you fund acquisitions?
We use a combination of committed personal capital and SBA-backed financing to acquire businesses. This allows us to move efficiently while maintaining a long-term ownership approach.
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