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Dr. Paul Borosky, DBA, MBAAcquisition plans since 2012
Business Plan Writer for Cincinnati, OH
Starting from zero is hard. Buying a business is hard in a different way. The customers, the crew and the habits are already there, good and bad. A Cincinnati couple taking over a countertop company needed a plan for leading what they bought, not just paying for it.
- 1,000+clients
- $100M+funded
- 14+years
Buying an Established Cincinnati Company?
Pick the help that fits your deal.
Business Consulting
Just bought a company and the team is unsettled? Start with consulting.
Business Plan Writing
An acquisition plan that covers the seller’s numbers, the loan and the first year.
Business Plan Templates
Prefer to draft it yourself? Construction templates include an Excel model.
Doctor Owl in Plain English
What Do Lenders Want When You Buy a Business?
Proof the business works without the seller. That means a few years of tax returns, a fair price, a plan to keep customers and employees and your experience running something similar. Lenders also want to know how much cash you are putting in.
“When you buy a business, you also buy its habits. Decide which ones you keep.”Doctor Owl, Dr. Paul’s Fabled Forest Business School
How this guide works: see the countertop acquisition first, then what to check before buying in the Cincinnati area, then common questions.
Business Purchase
How Did a Couple Plan to Buy a Countertop Company?
The company had a strong name with builders and homeowners. Stone and marble countertops, a trained install crew and steady jobs.
The buyers were a husband and wife team ready to step in. Dr. Paul built the plan around what they were buying: the equipment, the customer list, the crew and the reputation.
Then came the hard part. A first-year plan for keeping the crew, keeping the builders and making sure quality did not slip during the handoff.
- Check the books. Tax returns, not just broker summaries.
- Keep the crew. Skilled installers are the real asset.
- Lead the handoff. Builders follow the people they trust.
Buying in Greater Cincinnati
What Should You Check Before Buying a Cincinnati Company?
The metro stretches into Northern Kentucky and Southeast Indiana. Many trade and service owners are nearing retirement.
Owner dependence
If customers only call the owner, plan how that changes after the sale.
Due diligence
Contracts, equipment and debts all need a close look. Use the due diligence guide as your checklist.
Builder relationships
Construction customers can be loyal or fickle. Talk to them before you close.
Buyers tend to plan the purchase and wing the leadership. Dr. Paul writes the first 90 days into the plan, which is the Organize step in Organize-Plan-Grow™. A great deal can still go wrong if the team walks out in month two.
Watch This
What Belongs in the Financial Highlights Section?
Dr. Paul explains how to present financial highlights so a reader understands the business in seconds.
Looking elsewhere in Ohio? See the Ohio business plan writer page.
Questions
Cincinnati Buyer Questions
How much do I need to put down to buy a business?
Should the seller stay on after the sale?
Can I buy a business with an SBA loan?
Your Plan Writer
Dr. Paul helps buyers price, plan and lead the companies they take over. He has written plans for more than 1,000 clients.
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