It’s time to hang up your tools without leaving your employees and clients hanging
If your business generates between $50,000 and $5,000,000 in annual cash flow, schedule a complimentary consultation call with us before you consider:
- Shutting down and walking away from your business
- Waiting months or years for a buyer
- Publicly announcing you are looking to sell
- Notifying the competition that you are getting ready to step away
- Selling to a buyer that doesn’t respect the employees and partners that built your business
We may be able to invest in your business and simplify your exit. We strive to make the exit process as painless as possible. We structure deals to minimize transaction costs, shorten timelines, protect confidentiality, invigorate employees, and provide a trusted pair of hands to continue and build on the legacy of your business.
What Sets Us Apart
We focus on growing the pie
- We only invest in businesses we feel we can improve improve meaningfully
- We try to understand each seller’s situation to work out a deal with few complications and many happy stakeholders (including the seller)
- We spend less time with lawyers and nit-picky back & forth negotiation tactics designed for CYA and dividing the pie unfairly
- We look for opportunities in unusual places
If you enjoy lawyering up, negotiations that last the better part of a year, demand to be paid in full at closing with no remaining interest in your business, or aren’t willing to assist/consult on a transition and growth plan, then you probably aren’t a good fit for us. We are looking for business owners who continue to believe in the strength and potential of their business and are interested in its ongoing success.
We focus on people and foster a partnership approach to grow and sustain businesses
- We believe happy employees lead to happy customers
- We strive to create and build strong relationships with strategic partners, joint venture partners along with the suppliers and customers who are critical to the success of your business
- We believe operating with integrity provides the foundation for good partnerships and business practices
If you have two sets of books, use creative techniques to evade tax & licensing requirements or haven’t operated with integrity toward those you do business with, we are not a good fit for you. We are looking for business owners who operate with integrity and believe doing good in the short run will lead to good results in the long run.
We take confidentiality seriously
- We know it is risky to begin the selling process and we handle transactions appropriately and will provide a confidentiality agreement to protect your information and your business
If you plan to tell the world that your business is for sale and distribute sensitive information about your business in the process, we will be more inclined to pass on the opportunity to buy/invest in your business as doing so typically creates strong headwinds for the cash flow, profitability, operations and morale of the business.
Who We Are & Why We Do What We Do
Our Who:
- David Clive is the Founder of Parkside Acquisitions LLC. He is an entrepreneur and investor who knows what it is like to start and run a business. He isn’t afraid to roll up his sleeves to tackle the small problems or to analyze market trends to set a strategic course. He has worked in private equity, real estate, finance, manufacturing and home services among other industries. He holds an MBA from Harvard Business School a Bachelor’s degree in Management with an emphasis in Marketing from Brigham Young University and is a Chartered Alternative Investment Analyst (CAIA) Charterholder.
- Experienced and carefully vetted specialists and partners are used on a contractual basis to provide crucial support that fits the needs of acquisitions allowing our staffing to fit the demands of each stage of each acquisition
Our Why:
- We believe small businesses have the potential to grow exponentially, create fantastic jobs, generate substantial profits and simultaneously make a meaningful difference in society and the lives of countless people. We are energized every day by the challenge of helping small businesses unlock and maintain this potential.
Our How:
- We believe the best way to fully unlock the potential of small businesses is to align the people, processes and products in/around your business to help each constituency satisfy their need for greater meaning in life and work. By aligning this most basic human need, a powerful ecosystem of supporters is created which will grow and preserve the business (see Our Mission for an overview). To augment the efforts of developing this ecosystem, a number of proprietary strategic and tactical tools will be deployed.
Our What:
- We invest in small businesses with a focus on driving geometric growth and creating positive externalities
Our Where:
- We are located in Central Florida and we are primarily focused on businesses with operations in Florida
Our Philosophy:
- The world is filled with people who wake up every morning feeling like their lives lack meaning or purpose. The greatest contribution we can make is to help people and organizations identify and pursue opportunities that make a difference in the lives of customers, employees, partners and the community.
Our Mission:
- To Enable businesses to reach their full potential by creating ecosystems where, to the extent possible, everyone is intrinsically motivated and empowered with the tools and guidance they need to succeed
- To help each business reach its full potential
- To provide owners/sellers with a legacy they can be proud of and continue to benefit from, not just a lump sum payment
- To provide managers with opportunity, vision, tools and autonomy, not just responsibilities
- To provide employees with purpose and comradery, not just a job
- To provide customers with an experience they will brag about
- To pay something forward to the rest of the world
What We Look For
We typically look for (preferred, not required):
People
- All owners are on same page with regard to selling the business
- Capable non-owner manager(s)
- Positive culture
- No litigation pending
Process
- In business for 4+ years
- Documented procedures and policies
- Good controls
Product/Service and customer base
- Quality differentiated product/service with a unique selling proposition
- Satisfied customers & positive reviews
- Low customer concentration
Financials
- Net profit and/or Cash flow between $50k and $5mm
- Revenues between $1mm and $25mm
- Consistent/stable or improving results over the past 3-5 years
- Low or no debt
Industry
- Stable or growing
- Fragmented (no dominant players or brands)
- Limited cyclicality
Our Typical Acquisition Process
While every business is unique, our acquisition process typically looks like:
1) Initial discussion (click button below to schedule an initial call) & Confidentiality Agreement signing
- If both parties are interested in moving forward, we will provide a Confidentiality Agreement (sometimes called an NDA or non-disclosure agreement) after the initial discussion
- We will also send an information request to help us evaluate the business (this can be provided in physical or digital form)
2) In-person meeting (if applicable and acceptable you, we may also conduct a site visit)
3) Basic information review
- We will review the information provided and prepare an indicative offer which will be finalized after a follow up meeting and clarifications
4) Follow up meeting & clarifications
- We will confirm information received about your business (like taxes, liens, looking for any open litigation, etc.) and reach out with questions
5) Offer submitted
6) Offer acceptance, Purchase/Sale Agreement signing & Deal Closing
7) Transition & growth period