PROCESS
We have designed a process where we do the work and minimize the time and energy on your end. Our goal is to make the process as easy as possible on you to allow you to focus on preparing your business for sale.
1. Call to provide you more information and answer questions.
2. Enter into an NDA and gather key documents.
3. Work together to calculate your Seller Discretionary Earnings (SDE).
4. Address any operational suggestions based on this Criteria.
5. Enter into a non-binding Letter of Intent for the Sale of your business.
As the Sale Approaches, next steps would be:
6. Compile updated and remaining due diligence materials for data room.
7. Set up calls with potential buyers (limited to serious buyers only that we have vetted)
8. Enter into an Agreement with buyer.
9. Close and transition.
Don’t stress it – we will be there to lead the process from start to finish!
TIMING
Target Timeline as Follows:
· Now and Moving Forward: Draft/Update the Confidential Information Memorandum (CIM) as we add kennels
· January 2025: Collect year end financials from all kennels.
· February 2025: Finalize CIM to market the sale.
· March 2025: Bids due from potential buyers.
· April 2025: Buyer completes diligence.
· May – July 2025: Complete sale and start transitioning on a rolling basis
Purpose of Timing:
· This gives us enough time to aggregate enough kennels to reach the scale we need to increase the value of your business.
· We will have full year 2024 financials which will be used to calculate value.
· Multiple buyers are actively seeking strong kennel businesses.