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By Kris Moe Real-World Lessons from the Solar, Roofing, and HVAC Industries Selling your business is one of the most important financial decisions you’ll ever make. For specialty trade businesses like solar installation companies, roofing contractors, or HVAC firms, the sale process brings its own unique challenges. Whether you’re selling to retire, pivot, or capitalize on the current market conditions, avoiding these five common mistakes can be the difference between a smooth, profitable exit — or a frustrating, drawn-out process. 1. Inadequate Preparation Case Study: Flooring Contractor with Outdated Systems After 15 years in business, a flooring company was ready to sell. They had solid cash flow, great customer reviews, and strong demand. But their accounting was a patchwork of spreadsheets and accounting from an outdated system with inconsistencies across years making it hard for the buyers to get a clear picture of their financials What Went Wrong:Buyers balked when they saw disorganized financials and zero documentation of workflows. What should have been a $8 million deal fell apart in diligence. How to Avoid It:Start preparing 12–24 months in advance. Clean up your books, organize SOPs, and create documentation around sales, field operations, and customer service. I’ll always encourage my business sellers to spend some money and get a sell-side QOE (quality of earnings) or a pre-sale accounting review to find any surprises and fix those before sharing with prospective buyers. 2. Overestimating Business Value Case Study: HVAC Owner Chasing Unicorn Offers A solar company owner with $20M in revenue and $1.5M in profit priced the business at $15M based on “industry hype” and stories of huge multiples in private equity deals. Despite some interest, no serious buyer engaged after seeing the financials didn’t justify the price. What Went Wrong:The owner ignored comps or my advice on a reasonable valuation and didn’t adjust expectations. The company ended up sitting on the market for over a year and while his business is doing fine, he won’t sell at what the market is willing to pay. Now there are some ways around this gap and many construction deals will work out with an Earn-Out. An earn-out is a deal structure where part of the purchase price is paid after the sale — but only if the business hits certain financial goals (like revenue or profit) after closing. It helps bridge the gap between what the seller thinks the business is worth and what the buyer is willing to pay upfront. How to Avoid It:Get a proper valuation from an experienced M&A advisor or business broker familiar with your niche. Valuation should reflect actual cash flow (often SDE or adjusted EBITDA), current market multiples, and business-specific factors like customer concentration, growth potential, and recurring revenue (e.g., maintenance contracts). 3. Letting Word Get Out Too Soon Case Study: Roofer’s Sale Goes Public A regional roofing business in California began quietly marketing to buyers — but word spread when the owner hinted at selling to a supplier. Within weeks, employees began job hunting, and a key foreman left for a competitor. Customers became hesitant about new contracts. What Went Wrong:There were no confidentiality agreements in place, and too many people knew the business was for sale. The internal disruption caused revenue to dip and gave the eventual buyer leverage to lower the price. How to Avoid It:Keep the sale confidential. Use blind profiles when marketing. Have every potential buyer sign an NDA before disclosing anything. Don’t tell employees, suppliers, or customers until the deal is closed or nearly finalized, unless absolutely necessary. 4. Trying to Sell Without Professional Help Case Study: DIY Disaster for a Plumbing & HVAC Combo Business An owner tried selling his $2.5M revenue plumbing company without an advisor. He found a buyer through an email, negotiated the deal himself, and signed a letter of intent with no exclusivity or timeline. Rookie mistake. After months of back-and-forth and no buyer funding, the deal collapsed. He later discovered the buyer had no capital and had walked away from two other similar deals. What Went Wrong:The seller didn’t vet the buyer or structure the deal with proper legal or financial guidance. He wasted time and missed other suitors. One buyer syndrome gives the seller no leverage and buyer will quite often wear down the seller with pricing discounts as time goes on. If there is another buyer or two in the picture this usually keeps a deal moving and keeps the buyer from playing games. How to Avoid It:Use professionals. An experienced M&A advisor will bring you vetted buyers, structure the deal properly, and negotiate terms to protect your interests. They also know what’s “market” — so you’re not flying blind. 5. Failing to Pre-Qualify Buyers Case Study: The Unfunded Solar Investor A solar installation company got an offer from a group claiming to be backed by private equity. The offer looked strong — full asking price with a quick close. But after four months, it became clear the group didn’t have financing lined up. The company had turned away another buyer during this time and saw backlog shrink due to uncertainty. What Went Wrong:No one asked for proof of funds or references. The buyer wasn’t properly vetted. How to Avoid It:Don’t move forward with any buyer without checking: Ask for background information and funding sources early in the conversation. Final Thoughts The sale of a business — especially in skilled trades like solar, HVAC, or roofing — can be a life-changing opportunity when done right. But it’s a process that rewards preparation, realism, and the right team around you. Avoid these common mistakes, and you’ll not only get the price your business deserves — you’ll walk away proud of the legacy you built.

Selling your business is a huge decision, and a critical part of the process is understanding who might want to buy it. In the world of mergers and acquisitions (M&A), there are several different types of buyers, each with their own motivations, financial situations, and ways of making decisions. Knowing who these buyers are can help you navigate the sale process more smoothly and achieve a better outcome. Here is a breakdown of the main types of buyers you might encounter: Why Does Choosing the Right Buyer Matter to You? Choosing the right buyer is essential for a successful sale. It increases the likelihood that the deal will actually close, and it helps you get the best possible value for your business. It typically minimizes the risk of trouble after closing if the buyer is undercapitalized or lacks the necessary management skills to operate successfully. By understanding the different types of buyers and what motivates them, you will be better prepared to navigate the complexities of selling your business. In a perfect world, you sell your business to a strategic acquirer that is publicly traded. You get top dollar and are paid all cash. Unfortunately, there may not be a strategic acquirer for every business, or the business may have significant risks that prevent its sale to any buyer except the most aggressive risk takers. That buyer may not be willing to risk much of his own money and may require seller financing. Best practice is to work with a merger and acquisition advisor to prepare your business for sale by mitigating manageable risks, doing a pre-sale audit of the financial records, and keeping sales & earnings steadily growing. The M&A advisor should have the resources and connections to present your business to the strategic acquirers and private equity funds whose acquisition specifications match your business’s characteristics.

Mergers and acquisitions (M&A) are transformative business transactions, but they come with complexities that require precision, insight, and balance. Buyers and sellers often have differing goals, expectations, and concerns, and bridging these gaps is where the expertise of M&A advisors shines. Acting as intermediaries, M&A advisory firms ensure that the entire process remains seamless, confidential, and beneficial for all parties. Here’s how M&A advisors create value and serve as critical connectors in business transactions. 1. Preparing Sellers for Market Success   For sellers, preparation is the foundation of a successful business sale. M&A advisors guide business owners through every step, helping them position their business as an attractive investment. 2. Identifying and Attracting the Right Buyer   The success of an M&A transaction often depends on finding the right buyer. M&A Advisors leverage their networks and tools to locate buyers whose goals align with the seller’s vision. 3. Confidential Negotiations with Expert Oversight   Negotiations can often be fraught with tension or miscommunication, but M&A advisors act as a neutral party, ensuring productive discussions. 4. Navigating Due Diligence and Closing   The due diligence phase is often a critical make-or-break point in the sell-side M&A process.Experienced M&A advisors ensure this stage is managed efficiently to prevent deal disruptions and build trust with buyers. Closing ExpertiseAdvisors manage final agreements, ensuring all conditions are met and paving the way for a successful transition. 5. Ensuring a Seamless Transition   The journey doesn’t end at deal closing. A smooth transition is vital for employees, customers, and stakeholders to adapt to the new ownership, preserving the company’s legacy and stability during business mergers and acquisitions. Final Thoughts: Unlocking Opportunities with Expert Guidance   M&A advisors play a pivotal role in bridging the gap between buyers and sellers. By ensuring alignment of goals, facilitating transparent negotiations, and managing every stage of the transaction, they create value and set the foundation for long-term success. If you’re considering buying or selling a business, partnering with experienced M&A advisory firms ensures a seamless, efficient, and rewarding process. Ready to navigate your M&A journey with confidence? Contact our expert sell-side M&A advisors today.

Have you ever considered what it takes to sell your business successfully? It’s not just about crunching numbers—it’s about preparing for every possible challenge, from financial valuation to post-sale transitions.Long-term planning ensures you not only maximize the business valuation but also create a seamless transition for employees, customers, and stakeholders. Let’s dive into why early and comprehensive planning is essential for a successful business sale. The Importance of Long-Term Planning in Selling Your Business   1. Maximizing Business Valuation   A well-prepared business holds greater appeal and value to potential buyers. Long-term planning gives you the opportunity to optimize your operations, financial records, and growth potential, ensuring a smooth and successful sell-side M&A process. Buyers often scrutinize past performance and future prospects, so presenting a strong financial track record can significantly boost your business valuation during mergers and acquisitions. Key Actions: Highlight consistent revenue growth and future scalability to strengthen your merger and acquisition strategy. 2. Attracting the Right Buyers   Long-term planning allows you to identify and target buyers whose objectives align with your company’s vision and culture. Whether it’s a competitor, private equity firm, or strategic buyer, finding the right fit minimizes M&A risks during the integration phase and preserves your business’s legacy. Aligning with the right buyer enhances the success of the sell-side M&A process and ensures a smoother transition. Key Actions: Prepare marketing materials to highlight your business’s strengths and growth potential. 3. Mitigating Risks and Addressing Weaknesses   Long-term planning provides the opportunity to identify and address potential risks that could deter buyers during the M&A process. These risks might include operational inefficiencies, compliance issues, or high employee turnover. Proactively resolving these challenges not only ensures a smoother sell-side M&A process but also strengthens your negotiation position and increases buyer confidence. Key Actions: Develop strategies to retain key employees and maintain workforce stability during the transition. 4. Ensuring a Smooth Transition   A business sale has a ripple effect on employees, customers, and stakeholders. Long-term planning allows you to develop a detailed transition plan that minimizes disruptions and fosters trust. Buyers are more likely to move forward when they see a well-thought-out roadmap for integration, ensuring a seamless sell-side M&A process. Key Actions: A well-executed transition plan is a hallmark of effective pre-sale M&A preparation and adds value to your overall deal. Final Thoughts: Planning for Long-Term Success   Selling your business is more than a financial transaction—it’s a journey that reflects years of hard work and dedication. Long-term planning gives you the time and tools to prepare for a successful and seamless transition. By addressing risks, optimizing operations, and working with trusted sell-side M&A advisors, you can unlock the full potential of your business sale. Ready to make the most of your business sale? Start planning today with expert M&A advisors.

Letting go of a business you’ve built from the ground up is never easy. While financial preparedness often takes center stage—understanding your business valuation, securing favourable deal terms, and planning your exit strategy—the emotional side of the decision is equally significant. Ignoring emotional readiness can lead to seller’s remorse, delayed decision-making, and challenges during the transition period. Here’s why emotional readiness is just as important as financial preparedness and how to ensure you’re fully prepared for the journey. The Emotional Impact of Selling Your Business   1.Prepare to Say Goodbye to Your Legacy   Your business isn’t just an asset—it’s a reflection of your hard work, sacrifices, and achievements. For many entrepreneurs, selling their company during a merger and acquisition feels like losing a part of their identity. Emotional readiness helps you cope with the emotional weight of letting go, ensuring you can focus on the sell-side M&A process without unnecessary distractions. 2. Plan for Your New Role or Lifestyle Post-Sale   Whether you’re retiring, starting a new venture, or taking a backseat, the transition can be daunting. Preparing emotionally ensures you approach your post-sale life with clarity and confidence, especially when navigating the complexities of mergers and acquisitions. A well-thought-out exit strategy not only secures financial readiness but also helps you embrace the next chapter with ease. 3. Building Trust with the Buyer   The M&A process requires collaboration with the buyer. Without emotional readiness, you might struggle to trust someone else with your company’s future, creating friction during negotiations and integration. Establishing trust is key to successful sell-side M&A transactions, as it ensures a smoother transition and strengthens post-deal relationships. 4. Avoid Regret by Aligning Your Goals   Many business owners experience regret after the sale, especially if the decision was made under pressure. Emotional readiness enables you to reflect on your motivations and align them with your merger and acquisition strategy. By focusing on your goals and priorities, you can minimize the risk of seller’s remorse and feel confident about your decision. Balancing Financial and Emotional Readiness   While financial readiness involves concrete steps like pre-sale M&A preparation, business valuation, and drafting a solid exit strategy, emotional readiness focuses on self-reflection and mindset shifts. Here’s how to align both: 1. Understand Your Motivations   Ask yourself: Why are you selling? Whether it’s financial freedom, health concerns, or a desire to pursue new opportunities, clarity on your motivations will guide your decisions and strengthen your resolve. 2. Seek Professional Guidance   Experienced sell-side M&A advisors and M&A advisory firms can help you navigate the technical and emotional aspects of the sale. They’ll provide insights into risk management in mergers and acquisitions, ensure favourable deal terms, and support you through the emotional highs and lows of the business sale process. 3. Involve Trusted Confidants   Discuss your decision with family, friends, or mentors who understand your journey. Their support and perspective can help you make balanced decisions throughout the M&A transaction. Having a trusted network can also act as an emotional anchor while navigating the complexities of the business sale process, ensuring you stay focused on your goals. 4. Visualize the Future   Think about life after the sale. Do you have a clear plan for what comes next? Whether it’s traveling, starting a new business, or spending more time with loved ones, having a vision will ease the emotional transition. Planning for your post-sale life is a critical component of a well-rounded exit strategy, helping you make the most of the opportunities that follow a successful sell-side M&A transaction. Proven Strategies for Building Emotional Readiness   1. Work with an M&A Advisor You Trust   A trusted sell-side M&A advisor not only helps with the financial and technical aspects of the merger and acquisition process but also provides valuable emotional support. They’ll guide you through the complexities of the business sale process, ensuring your goals and values remain in focus while addressing M&A risk management concerns 2. Practice Open Communication   Discuss your goals, fears, and expectations with all involved parties, including your M&A advisory firm or team. Transparency reduces stress, builds alignment, and fosters trust during the sell-side M&A process, which is critical for avoiding misunderstandings and ensuring a seamless transition. 3. Take Time to Reflect   Set aside time for introspection. Whether it’s journaling, meditation, or speaking with a coach, these practices can help you identify and address emotional challenges. This reflection is especially important in the context of creating a balanced exit strategy that aligns with your personal and professional aspirations post-sale. 4. Start Preparing Early   The earlier you begin your journey toward emotional readiness, the more time you have to process the decision. Like financial preparation, emotional readiness doesn’t happen overnight. Early preparation ensures you’re equipped to navigate both the personal and professional aspects of the M&A transaction, minimizing risks and maximizing success. Final Thoughts: The Right Balance for a Seamless Transition   Selling your business isn’t just a financial transaction; it’s a deeply personal journey that requires both financial and emotional preparation. By addressing your emotional readiness alongside financial readiness, you set the stage for a smooth, regret-free transition.Working with a trusted M&A advisor and focusing on risk management in mergers and acquisitions paves the way for a successful and fulfilling outcome in your business sale journey.                       Striking the right balance leads to a seamless transition. Ready to sell your business with confidence? Contact us today for expert M&A guidance and support in preparing for a seamless transition.

Selling your business is about more than just numbers; it’s about finding the right partner to continue your legacy. While factors like business valuation, deal terms, and your exit strategy are crucial, cultural fit often plays an equally vital role in achieving a seamless and successful business sale. Neglecting cultural alignment can lead to operational disruptions, employee dissatisfaction, and long-term setbacks for both parties. Let’s dive into why cultural fit is so essential and how you can prioritize it in your sell-side M&A process. Why Is Cultural Fit Important in Sell-Side M&A Transactions?   1. Smooth Transition for Employees   Your employees are your greatest asset. If a buyer’s management style or vision doesn’t align with your company culture, it could lead to reduced morale, higher turnover, and operational disruptions. Prioritizing cultural fit during the M&A advisory services phase ensures your team feels secure and supported throughout the transition. 2. Preservation of Brand Integrity   Your business’s reputation and customer loyalty often stem from its unique culture. Buyers who align with your ethos are more likely to maintain and enhance your brand’s identity, ensuring long-term growth.This is a key consideration during pre-sale M&A preparation and throughout the merger & acquisition strategy process. 3. Minimized Operational Disruptions   Cultural mismatches can lead to communication breakdowns and inefficiencies.By choosing a buyer who complements your company’s way of working, you can streamline workflows and avoid unnecessary risks during the business sale. 4. Stronger Relationships with Stakeholders   Consistency matters to stakeholders like customers, suppliers, and partners. A buyer who values your relationship-driven approach is more likely to maintain trust and ensure business continuity.   This is a key focus for any effective sell-side M&A advisor. Key Considerations for Evaluating Cultural Fit in Business Sales  1) Understand the Buyer’s Vision   During the negotiation process, ask the buyer about their vision for your business. Do their goals align with the legacy you want to leave behind?A shared vision is vital for trust and smoother business integration. 2) Assess Leadership Style   Pay attention to their leadership approach. Are they collaborative or authoritative? Hands-on or hands-off? Their style should complement your current team dynamics and help reduce risks identified during sell-side M&A consulting. 3) Evaluate Core Values   Discuss the buyer’s core values and compare them to your company’s priorities, such as innovation, customer focus, or employee welfare.Aligning on these values ensures a cohesive transition. 4) Involve Key Team Members   Your leadership team can provide valuable insights into potential cultural mismatches. Involving them in the evaluation process can lead to more informed decisions and better outcomes during the M&A advisory services phase. Proven Strategies for Prioritizing Cultural Fit   1. Engage an Experienced M&A Advisor   An experienced sell-side M&A advisor can help identify buyers whose values and vision align with your business.Their expertise ensures cultural compatibility is evaluated alongside financial factors like business valuation. 2. Conduct Thorough Due Diligence   Cultural fit isn’t just about gut feeling—it requires careful evaluation. During the buyer’s due diligence, conduct your own by reviewing their track record, leadership style, and approach to integration.This is crucial for avoiding risks when selling a business. 3. Facilitate Open Communication   Encourage open discussions about expectations, goals, and operational approaches. Transparent communication builds trust and minimizes risks, making it a cornerstone of risk management in mergers and acquisitions. 4. Set Expectations Early   Clearly outline non-negotiables related to company culture in the deal terms. This includes preserving key team members, maintaining workplace policies, or continuing community initiatives. Final Thoughts: Leaving a Legacy Beyond Numbers   Selling your business isn’t just about completing a business sale—it’s about safeguarding the legacy you’ve built. By prioritizing cultural fit, you’re not just handing over a company; you’re setting the stage for long-term success for your employees, stakeholders, and the buyer. The right M&A advisory firms can help you navigate this process, ensuring that every aspect of the sale, from business valuation to cultural compatibility, is handled with care. Are you ready to secure a buyer who values your business as much as you do? Don’t leave cultural fit—or your legacy—to chance. Partner with our sell-side M&A advisors to navigate the process with confidence and precision.                      Ensure Your Legacy Lives On: Consult Our M&A Experts Today!

Preparing to sell your business is a monumental milestone—a reflection of your hard work and dedication. Yet, did you know that 70% of businesses fail to sell due to avoidable risks? Proper pre-sale M&A preparation is the key to overcoming these challenges, increasing your business’s value, and attracting premium buyers. From tackling customer concentration to ensuring accurate financial records, this guide will explore the most common risks sellers face and actionable M&A risk mitigation strategies to ensure a smooth and successful business sale. Common Risks Sellers Need to Address Before Selling a Business:   1) Customer ConcentrationRelying heavily on a handful of key customers can deter potential buyers. When a significant portion of your revenue comes from just a few clients, it signals risk and dependency. Diversifying your customer base demonstrates stability and reduces vulnerability, which buyers find reassuring during business acquisitions.                Diversify your customer base to demonstrate stability and attract buyers. 2) Key Person RiskWhen a business’s success is heavily tied to the owner or a single individual, buyers often worry about the operational continuity after the sale.Addressing key person risk is a critical step in sell-side M&A consulting to ensure continuity and buyer confidence.To mitigate this risk, transition responsibilities to a well-trained team, and document essential processes to ensure smooth operations without heavy reliance on a single person.                Transition Key Roles to Your Team to Build Confidence in Continuity 3) Product ConcentrationA business overly reliant on one product or service is at higher risk of market fluctuations. Expanding your portfolio to include complementary products or services demonstrates resilience and potential for growth, which is an essential factor in a successful merger & acquisition strategy, making your business more attractive during business sale.                         Diversify Products to Show Resilience and Growth Potential 4) Obsolescent Production EquipmentInefficient or obsolete production equipment not only raises operational costs but also reflects poorly on the business’s preparedness for future challenges. Upgrading to modern systems not only improves efficiency but also reflects a forward-looking approach, which which buyers value during the sell-side M&A process. 5) Volatile SalesRevenue inconsistencies can be a red flag for buyers. Predictable and steady revenue streams are vital for buyer confidence. Stabilizing income through subscriptions or long-term contracts is a key strategy in M&A risk mitigation to reassure buyers and strengthen your position during the sell-side M&A process. 6) Low Profit MarginLow profit margins indicate inefficiencies or weak competitiveness. Buyers seek businesses that deliver value and strong financial performance. Streamlining operations and cutting unnecessary costs can help improve margins and attract interest from serious buyers engaged in M&A advisory services. 7) Lack of Organized Marketing and Sales FunctionsAn unstructured approach to marketing and sales can limit scalability and deter buyers. Establishing structured processes enhances confidence in your business’s growth potential, a key factor during mergers and acquisitions. 8) Poor Accounting RecordsTransparent and well-organized financial records are non-negotiable in the sell-side M&A process. Poor accounting practices or messy records can erode trust during due diligence. Maintaining accurate and detailed financial documentation is essential for building confidence and ensuring a ease transaction in business mergers and acquisitions. Now that we’ve identified the challenges, let’s explore proven strategies to overcome them.” Proven Strategies to Mitigate M&A Risks       Why Expert Guidance is Essential   Navigating the sell-side M&A process without professional assistance can lead to missed opportunities and challenges. Sell-side M&A advisors specialize in addressing key challenges in business sales, minimizing risks, and optimizing outcomes. Horizon M&A advisory services focus on preparing your business for sale, streamlining negotiations, ensuring regulatory compliance, and ultimately maximizing the value of your business. Final Takeaway   Selling your business isn’t just about completing a transaction—it’s about unlocking its full potential. Addressing risks like customer dependency, key person reliance, and poor financial records ensures a seamless and high-value sale. Partnering with Horizon M&A advisory firms can transform challenges into opportunities, setting you on the path to a successful business sale. Take the first step toward a rewarding transition—start your pre-sale preparation today! Maximize Your Business’s Value with Horizon M&A Expert Guidance.

Selling your business is a monumental achievement, a culmination of years of hard work and dedication. However, amidst the excitement and negotiations, it’s crucial to remember the tax implications that can significantly impact your final payout. Ignoring these considerations can lead to unexpected tax burdens and diminish the rewards of your sale. This article will explore some basic tax considerations to keep in mind when selling your business. 1. Understanding the Structure of Your Business: The tax implications of selling your business largely depend on its legal structure. Are you a sole proprietor, partnership, LLC, or corporation? Each structure carries different tax liabilities: 2. Asset Allocation and Capital Gains: When selling assets, the allocation of the purchase price to different asset categories is critical. This allocation affects the type of gain recognized (ordinary income vs. capital gain) and the applicable tax rates. IRS Code Section 1060 defines the procedure to allocate the purchase price among seven classes of assets, ranging from cash to intangibles.  Buyers and sellers both must use the same figures using IRS Form 8594 when filing their tax returns.  Some asset classes have different consequences for the buyer vs. the seller. When allocating the purchase price of a business under IRS Section 1060, the following seven asset classes must be used: It’s crucial to follow this classification order when allocating the purchase price, as the residual method requires allocating to each class in sequence. Understanding the difference between long-term and short-term capital gains is also essential. Long-term capital gains, from assets held for more than one year, are generally taxed at lower rates than short-term gains. 3. Tax Implications of the Sale Structure: The structure of the sale itself impacts your tax liabilities. You can sell your business through: 4. Installment Sales: An installment sale allows you to receive payments over multiple years. This can defer the recognition of capital gains and spread out your tax liability. 5. State and Local Taxes: Don’t forget to consider state and local taxes, which can vary significantly depending on your location. Some states have capital gains taxes, while others don’t. Sales tax may also apply to the sale of certain assets. 6. Professional Guidance: Navigating the tax complexities of selling a business is best done with the assistance of qualified professionals. A tax advisor and a mergers and acquisitions attorney can help you: Selling a business is a complex process with significant tax implications. By understanding the basic considerations outlined above and seeking professional guidance, you can maximize your after-tax proceeds and ensure a smooth transition.

By Dida Goudreau The stakes are high for exiting owners of Lower Middle Market companies, so it is important to assemble a team of advisors early in the process. Specialized Advisors will make sure you make informed decisions that align with your goals. You will want to call on them as you transition the business to new ownership. As we quarterback the sale of the business and all that that entails, sellers can continue to run their business. We, as M&A Advisors, let our clients know early when they should seek out one of the below specialty advisors. 1. Transaction Attorney Transaction Attorneys are well versed in what the typical terms of a purchase agreement are. They work efficiently and have the success of the transaction top of mind. They do not approach the buyer or seller litigiously, rather work with all parties to get the transaction across the finish line with their client’s best interest in mind. 2. CPA A client’s CPA is an integral part of the team of advisors. They have most likely been working with the business owner for several years and hold key knowledge as well as the business owner’s confidence. CPAs are a key part of the transaction team and will be a valuable part of the Quality of Earnings and Due Diligence process. 3. Tax Accountant Tax Accountants will run different deal structure scenarios so that the seller can see the tax implications and prepare for what they will and will not agree to. Tax considerations can make a huge difference in the amount of the sale that business owners keep after the exit. Since the business value is often one of a business owner’s largest investments, it is important to be thoughtful about deal terms in addition to purchase price. 4. Estate and Trust Attorney These specialists will protect your assets and assist with understanding any tax implications related to a trust or an estate. Trust formation, administration and business succession planning are important aspects of their contribution to a business owner’s success after their exit. 5. Financial Planner/Wealth Manager A Financial Planner or Wealth Manager will be able to help you define your goals and required capital for your retirement. If you haven’t well-defined your financial goals, you won’t be sure when you have locked in a path to get to them. 6. Exit Planning Advisor If there is a large gap between your financial goals/needs and the current value of your business, you will want to enlist a value building advisor to help you bridge the gap. It can be as little as 18 months working with an exit planning advisor to make meaningful headway to your goals. 7. Specialty or Industry Specific Advisor It’s always good to call on specialists as needed. Examples include IT specialists or someone well-versed in company culture turnarounds. You will find, making an investment in your business, at this stage, will show a high ROI. As M&A Advisors, we specialize in managing the transaction and there are several specialists working in the background to help you realize your goals and retirement needs.

75% of the revenue is repeating: The Company mostly produces the same parts for the same customers, year after year.