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BUYING AN OPERATING BUSINESS

Business Acquisitions

Capital guidance for buyers evaluating the purchase of an existing company, practice, or operating business.

HOW WE APPROACH IT

An acquisition combines valuation, cash flow, seller expectations, transition planning, and financing structure. The quality of the business being purchased matters just as much as the buyer’s ability to operate it after closing.

01

Purchase structure

Separate the price paid for the business, working capital, equipment, real estate, and other transaction costs.

02

Cash-flow review

Understand whether historical earnings can reasonably support debt service after the ownership transition.

03

Transition risk

Plan for customer retention, staff continuity, seller involvement, and any operational changes after closing.

04

Buyer profile

Experience, liquidity, credit, and the strategic fit between the buyer and the target business can all affect the financing path.

COMMON USES

Full business purchasePartner buyoutPractice acquisitionFranchise resaleStrategic add-on acquisition

QUESTIONS TO WORK THROUGH

Why is the business being sold?

What is included in the purchase price?

How dependent is the business on the current owner?

What capital will be needed after closing?

TALK THROUGH THE OPPORTUNITY

Bring us the transaction and the questions.