Key Team Members in a Sale

A legal professional who specializes in business transactions (M&A) and has many years of experience and repetitions. They can advise on the structure of the purchase agreement, identifying and addressing legal risks and negotiating the terms of the transaction.

An accountant/CPA who specializes in the industry and can help with due diligence, reviewing financial records and identifying any potential issues, such as outstanding debts, unpaid taxes, or inaccurate financial statements. They can also provide guidance on the tax implications of the transaction.

  A banker can help secure financing and provide guidance on financial aspects of the transaction. For transactions under $5 million, a local bank can provide an SBA-backed loan for up to 90% of the purchase price. In their underwriting, they will want to see enough margin between the business's net income and the debt payment.