May 29, 2020
Growing your business through an acquisition can offer a faster road to your goals, whether you simply want to increase revenue from your current product or service offerings or the acquisition allows you to tap into an entirely different segment.
Once you’ve determined your goal, it will be important to set parameters in order to focus your search. For example, if it is your first acquisition, a business that is located nearby might be the best choice. If it is within 100 miles, you’ll be able to respond quickly and move personnel between businesses, if necessary.
These parameters will vary depending on your particular circumstances, but there are also many considerations that apply to any business owner who wants to invest in another business. Below is a sampling of things to consider:
Once you have established your primary criteria, use the following guidelines to help you narrow down your options:
These are just some of the many issues to consider when acquiring a second business. Your M&A professional can help you devise a plan that suits your unique circumstances. For advice on any aspect of buying or selling a business, contact O’Keeffe & O’Malley at 913.648-0185.