Explore The Accelerator Timeline

The Last Mile

Taking you from LOI to the Close!

The final phase of buying a business! This training covers everything from finding a business until you close the deal.

The Last Mile starts when you decide to send out an exploratory, non-binding Offer Letter, and progresses through the LOI, financing the deal and due diligence phases, all the way until you draft the Asset Purchase Agreement. It ends when you and the seller close the deal.

The Last Mile is designed to get you through some of the more difficult steps necessary to close on a deal. It is only available to those who have brought a business to the Investment Committee that matches their Investment Thesis.

Topics covered in the Last Mile include:

Creating a directory of resources
Adapting your data room post-LOI
Creating a pre-LOI offer
Developing your business plan
Choosing your legal team
Post-LOI site visits
Finding the best funding option for your acquisition
Quality of Earnings analysis
The Asset Purchase Agreement (APA)
And much more!

1. Introduction

What is the Last mile?

2. Defining your expectations

Understanding the ancillary costs of your acquisition and your timeline.

3. Building a directory of resources

What type of services will you be needing during and post-acquisition?

4. The data room

Organize and Secure storage for your documents.

5. The pre-loi offer

Some suggested templates for various deal structures.

6. Choosing your legal team

What to look for.

7. Issuing the Loi

What to include in your LOI?

8. Business plan

Creating a business plan that works for you.

9. Walking away

Removing the emotion from walking away by creating a tripwire.

10. Post-loi site visit

How to get the most out of your visit.

11. people and culture systems post-loi

How to identify the company's culture.

12. Quality of earnings analysis

UIs the business earning what it claims?

13. SBA loans

How to position yourself in the vest light with SBA and local banks.

14. Other sources of funding

Commercial loans, angel investors and other funding options.

15. Licensing

What types of licenses do you need and when?

16. The final investment decision (FID)

Take a moment to decide whether you really want this or not.

17. ASSET PURCHASE AGREEMENT

How to go about picking and choosing assets.

18. The wonderful world of taxes

Which entity makes the most sense for you?

19. The close

What does the bill of sale mean?

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