On-market, pre-market and off-market — three ways to find a business worth owning — and everything that happens once the right one is in hand.
01
The buyer profile
Every engagement opens with a full interview — background, operating experience, capital position and what he was equipped to run.
The interview, written up
Geography, financing capability, career track record and acquisition criteria — the document brokers read before they decide whether to take the call.
process example
IT / operations backgroundSBA pre-qualified
Accounts opened on every platform
A complete buyer identity — marketplace logins, broker portals and auction sites, created and maintained so he arrives as an established buyer, not an anonymous signup.
process example
02
The buy-box
We agreed the sectors, size and geography worth his time — then pointed the whole machine at it.
The kind of business we hunted
Real, boring, cash-flowing service and trade businesses — the ones banks finance and an operator can run.
real
03
On-market
Every major marketplace, scanned daily against his buy-box. Scored, then the strongest applied to automatically.
Sourced, scored, tracked — daily
One engine watching every marketplace so nothing that fits gets missed on the day it lists.
real
The full pipeline — every business we analyzed
336 real listings across every market, each scored and analyzed against his buy-box. Company names, marketplace links and locations stripped out — the sectors and financials are real. Scroll it: this is one buyer's raw funnel.
real · names/links removed
336 analyzed → 1 under contract
Every deal — applied, chased & analyzed
Applied under his name, chased for weeks, and every memorandum that came back got analyzed — the work most buyers never do.
real · names/links removed
65 applied · 25 analyzed · chased 4–5×
04
Pre-market
Relationships with brokers, so their listings reach the buyer before they reach the open market.
The broker sequence, running
A structured two-week sequence sent from his address — introduction, credentials, a market note, then the day-10 ask for anything pre-market. NDAs signed same day.
process example
31% reply · avg ~8%25 CIMs received
05
Off-market
Going directly to owners who never listed — the hardest channel to run, and where the least competitive deals live.
Direct-to-owner, done properly
Build the owner list, enrich contacts, stand up sending domains, warm them, then run outreach at volume — monitored daily.
06
We act as the buyer
Applications, NDAs and proof of funds go out under his name — so brokers deal with a buyer, not an agency.
NDAs signed and returned same day
Confidentiality handled for him, so nothing waits on paperwork.
process example
Proof of funds, on demand
Brokers won't release a memorandum without evidence a buyer can pay. Generated per deal so his place in the queue never stalled.
process example
The letter the broker receives
On Acquisitions.com letterhead, pre-qualified to a stated amount, valid 90 days — buyer name filled per deal, shown blank here as a template.
template · no name
07
Analysis — the real financials
The heart of it. These are the actual books of the business he's buying — pulled apart line by line on a 96-minute diligence call.
Narrowed to the five we fully analyzed
From 300+ screened down to the handful worth a full model — 65 applied, 25 memoranda, 9 shortlisted, 5 fully analyzed, 1 under contract.
real · names removed
300+ → 5 → 1
The five, as we tracked them
real
The five memoranda, read cover to cover
Every confidential memorandum for a shortlisted deal — every company, owner, broker, customer and supplier name blacked out; the financials left in.
real · heavily redacted
Drywall & interior finishing · 15 pages
real · heavily redacted
Design / manufacturing · 39 pages
real · heavily redacted
Consulting services · 36 pages
real · heavily redacted
Lab equipment services · 8 pages
Five years of the seller's books
Revenue, COGS, every expense line and a normalised EBITDA / SDE bridge across 2021–2025. Broker mark and company name redacted — the numbers are real.
real · names redacted
SDE $334K–$492K2021–2025
Every expense line, verified
Payroll, subcontractors, taxes, tools, travel — down to the dollar, from the company's own QuickBooks.
real
Receivables aged, buyer by buyer
The A/R aging pulled straight from their books — $54K current, $101K in the 1–30 bucket. Customer names and the company redacted.
real · names redacted
The two-year forward model we built
Month-by-month revenue, operating expenses, debt service and net income — so the buyer knew exactly what the business throws off after the note.
real · name redacted
$2.74M Y1 revenue modelled
A full 16-page due-diligence report
Executive summary, revenue quality, add-back audit, working capital, risk register and a recommendation — built per deal.
real · names redacted
16 pages13 sections
The 230-point on-site owner interview
History, operations, sales, customers, estimating, employees, financials, fleet, risk and growth — the questions he walked in and asked, on his behalf.
real
230 questions
What the diligence call surfaced
Ninety-six minutes with our M&A lead, line by line — the real catches that move price and protect the buyer.
real · names removed
08
The numbers
Price, earnings, debt service and the funding stack — modelled before anyone got attached.
The deal model — does it service its own debt?
Purchase, financing stack, yearly debt service and coverage ratio — modelled on the real numbers. DSCR 2.44, with $243K in cash flow after debt.
real · names removed
DSCR 2.44$243K post-debt cash flow
real
09
Capital & banks
We introduced him to a real SBA lender, drove the term sheet, and negotiated the structure.
A real bank term sheet — lender redacted
A live SBA 7(a) proposal against his financials, liquidity, credit and experience. We negotiated his personal real-estate out of the collateral.
real · bank redacted
SBA 7(a)real estate kept out
The actual loan structure
SBA 7(a) term note plus an express line of credit — purchase, working capital, fees, cash injection and seller note.
real · bank redacted
$1.2M facility10% down
We read the term sheet line by line
Our review before he signed — prepayment penalty, real-estate collateral, life-insurance, the seller note, the working-capital risk and equity seasoning. Real emails; names & addresses masked.
real · names/emails masked
buyer ↔ Acquisitions.com ↔ lender
His money, or ours to find
He wanted his own equity and no dilution, so we structured it that way. When a buyer would rather not, we open the investor room and bring the capital to the deal.
process example
10
Under contract
One shot at the right business. We structured the deal, wrote it, and it came back signed and accepted — under contract.
The letter of intent — signed by both sides
100% equity buyout at $1,000,000, structured for SBA. Signed by the buyer, accepted and countersigned by the seller. Names and entity blacked out; signatures and dates are real.
real · names redacted
accepted July 1under contract
The broker thread that got it signed
The real emails between the buyer, the broker and our team over the signing — every name masked, our acquisitions.com address kept.
real · names masked
buyer ↔ broker ↔ Acquisitions.com
Every deal, side by side
Price, earnings, multiple, coverage and cash flow — with the LOI and full report one click away on each.
process example
11
What he sees
A report every day, and a live portal he can open any time.
A daily activity report
Brokers contacted, replies, NDAs signed, PoF letters, CIMs received, deals analysed and calls booked — every day.
process example
12
Where it stands
Under contract and in diligence — roughly two months from first call to a signed deal.
A 96-minute working diligence call
Not a course, not a chatbot — an hour and a half going through the financials, the model and the on-site plan, line by line. This is the actual recording.
real · 1:35:49
1 hour 36 minutes on one deal