What do we do?
We meet directly with sellers who are looking to retire and help them through the process of selling their business to us. We'll work with you to evaluate your financial needs, value your business, and come up with financial solutions that will be mutually beneficial.
We also work to understand the nature of your business and determine if your business is a good fit for our management. We evaluate the strength of the businesses, key employees, operations, and management team to ensure your business meets our criteria.
Once we achieve mutually beneficial deal terms and a sale is complete, we set up a transition plan. In 6-12 months, we transition ownership and operations to the new owner and continue operating the businesses under the guiding principles that led you to success. All while ensuring your legacy remains intact and that the company you built continues to honor you as you enjoy the freedom of a financially secure retirement.
Who can we help?
We're looking for a lot of different types of owners to help, such as owners who:
- Haven't had good luck in the past selling their businesses on the open market.
- Never thought of selling, but are interested in exploring the option further.
- They are concerned about selling their business to a stranger and want to build a relationship with the new potential owner.
We prefer to work with businesses that meet our specific criteria. Our criteria help to ensure that the final deal is mutually beneficial. Of course, we may consider businesses that don't meet one or more of our parameters, but only on a case-by-case basis. Our general criteria are listed below. If you're unsure if your business is a good fit or have questions, don't hesitate to contact us so we can help.
Geography
We're looking to help businesses in Orange County, California, primarily. We can also help businesses in neighboring Corona and Chino Hills.
Net Income
This can be tricky to estimate for some business owners because Net Income can be calculated differently by different people. It can also include add-backs, owner salaries, etc. Net Income is commonly called Seller Discretionary Earnings (SDE) and sometimes EBITDA, Earnings Before Interest Taxes, Depreciation & Amortization. Net Income can be considered the owner's take-home profit after all expenses.
If you qualify as an "absentee owner," meaning you have a management team that handles day-to-day operations, we prefer to work with sellers earning at least $100,000 in Net Income.
If you are an owner/operator without a management team to handle day-to-day operations, we prefer to work with sellers earning at least $500,000 in Net Income.
Exit Reasons
We primarily deal with potential retirees interested in exiting their business and industry to enjoy retirement.
Tenure
We prefer working with businesses that have been around for 15 to 20 years. But, if your company has been around for at least ten years, we'd appreciate working with you.
Business Types
We are willing to work with many kinds of businesses. However, we shy away from food services, restaurants, bars, and internet-based companies because they do not suit our knowledge base.
Business Strength
In broad terms, have you weathered the pandemic and emerged in a good place? When the great recession hit, did you forge ahead and come out better than when you started? If your business can handle the more challenging ups and downs we've experienced in the last 20 years, we'd like to learn more about you and your business.