$3M Asphalt Contractor - Under Contract / LOI - Now What?

February 12, 2025
by a searcher from University of Michigan - Ann Arbor in Reno, NV, USA
Well, I finally have a great business under contract. A local excavation, asphalt paving and demolition provider. Currently entering due diligence. The company doesn't meet the recurrent revenue standard, since most of this type of work is project based, but I do believe this type of construction infrastructure work is somewhat recession resistant. Problem is, it takes 4 years to get the type of contractor licensing required in Nevada. We set up the deal for the owner to stay on as a paid consultant and the QE, for four years.... Which makes me a little nervous. I've met a couple SBA lenders who seem confident they can get a deal funded, but has anybody dealt with this type of deal? What happens post acquisition?
from University of Southern California in Los Angeles, CA, USA
I am sure we can run a full lender outreach process for you and save you some money. The bank pay us after your loan closes, so this is a 100% free service for you. We work with all the major SBA lenders
You can reach me here or directly at redacted You can also click here to schedule a meeting with me: https://cal.com/ishan-jetley-3d73m8/30min. Look forward to chatting!
from INSEAD in San Francisco, CA, USA
Post-acquisition, I assume it's just business as usual as long as your RMO / RME sticks around, otherwise you just get a new one.