Due Diligence Advice/Resources

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by a searcher from Cornell University
in Steamboat Springs, CO 80487, USA

1yr ago

Due Diligence Advice/Resources

$1.9M acquisition in the distribution space. Recently signed LOI. I am planning to work with a due diligence team. What are the key/must do due diligence items that should be done with the help of a CPA/due diligence team for a deal this size? Any good resources/books on navigating the due diligence process?

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reply by a searcher 1yr ago
from INSEAD in Calgary, AB, Canada

Some specific notes from my experience. Main one is obsolete inventory, try your best not to buy inventory that is not sellable in 90 days.

If they say it will sell in 6-12 months, try to put a discount on it or if the amounts of old inventory is large, offer it on consignment.

The risk here is you may not know the dynamics of their specific inventory plus how quickly it can be replaced by a new version which then requires you to discount eventually.

I have 2 x distribution business in the $2m range and old inventory creeps up very quickly and is a pain to get rid of after it is too late. We do a winter & summer sale specifically to get rid of old or slow moving items.

reply by a searcher 1yr ago
in Perth WA, Australia

Richard Parker who is active on here has done some recent Q&A's on due diligence the replays are available on his youtube channel well worth a watch