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We are an agnostic Private Equity startup employing the Roll Up Method of Mergers and Acquisitions and intend to have several industry exits and possibly an IPO.
We are seeking one investor to provide us with the 10% deposit to make our first acquisition. In return for the 10% down payment necessary to make our first acquisition we will:
1 - Pay back your cost basis plus a generous return on your investment AT CLOSING from the cash on hand, and/or bank working capital facility, and/or bank line of credit facility.
2 - Offer you a seat on the Board of Directors of the holding company along with 3% equity in the holding company.
3 - The right of first refusal to provide the 10% deposit on future acquisitions for 3 years.
Please let us know if you are interested in hearing more.
Thank you.
Thomas Armstead, CEO & Chair
T 718.328.8403
For Sellers:
INITIAL DUE DILIGENCE QUESTIONS:
- PRICE? (NO BIDDING OR STALKING HORSES. NO PRICE: NOT INTERESTED)
- GROSS?
- EBITDA?
- Owners staying or going? We like if owner stays as we are absentee owners but owners staying is not necessary.
- Why selling?
- Are they absentee owners?
- Can any of the employees run the business? We will give the key employees 5%-10% equity and the rest of the employees share in an equity pool of 5%-10%.
- How many employees FT/PT, contractors FT/PT?
- Current Debt? Liabilities?
- Cash on hand?
- Real Estate? If yes - We prefer lease to own for 5 years. If yes - Value? Mortgage Balance? Assumable mortgage?
PROCEDURE:
-NDA
-CIM
-PRELIMINARY LOI NON BINDING
-DUE DILIGENCE DOCS:
LAST 3 YEARS TAX RETURNS
LAST 3 YEARS FINANCIALS
YTD
LAST 12 MONTHS BANK STATEMENTS
CURRENT SERVICE CONTRACTS
A/R REPORT
-INITIAL BOARD VOTE
-REVISED LOI NON BINDING
-PSA
-CLOSE
-BANK FINANCING