RAISING CAPITAL
4 investors interested
(Expired) Investors needed for permanent hold accounting firm roll up
Finance · Colorado
revenue: $980,000
ebitda: $266,500
Exclusivity:
Exclusive Representation
SBA Eligiblity:
Eligible
Revenue:
$980,000
EBITDA:
$266,500
Purchase Price:
$1,200,000
Owner Financing:
$250,000
Equity Financing:
$200,000
Debt Financing:
$900,000
Good Morning Searchfunder community! I acquired my current accounting firm back in AprilredactedI'm now under LOI on my next firm to expand our services from accounting only to also include tax. I am a long term/permanent hold investor. The deal I currently have under LOI includes a seller's note with interest only payments during the first 3 years that will allow me to return investor's equity early in addition to paying their pref. This should allow me to provide a competitive IRR over the long term hold. Looking for investors interested in being around for multiple deals as the plan is to max out the SBA limit over the next few years through additional acquisitions. I am also planning to simultaneously acquire the real estate in a separate transaction, if investors are also interested in participating in that. The business's current SDE is actually $480k, however after subtracting out my salary, the salary for someone to replace the owner's production capacity, and some other expenses, this is reduced down to $266,500 Let me know if you'd be interested in learning more