This is a step-by-step guide on how to buy any business for
yourself, or with your co-workers. Any size of business can be
acquired by following the step-by-step guide outlined in the
book, by the principals of STERLING COOPER, INC., a consulting
firm ( www.sterlingcooper.info ) who have participated in
thousands of acquisitions, valuations, appraisals and financings.
The book concentrates on the principle of structuring a LEVERAGED
BUYOUT (LBO) for the prospective acquisition and guides the
reader to a means of accomplishing the purchase in easy to
understand, straight forward terminology, with a daily suggested
step-by-step program. This is a great handbook for anyone looking
to buy a business. Readers may also contact the author directly
for initial advice at no cost. The book is designed both for the
first time buyer, with the step by step guidance as to how to buy
a business, any business, but it also works well for owner who is
interested in making an add-on acquisition and grow his business
though acquisitions. The principles are applicable to a small
business to run personally or one with hundreds of employees.
The book involves some 40 years of acquisition experience and has
great stories about real and completed LBO'S ( LEVERAGED BUYOUTS)
of some well known companies all done on a shoestring budget,
using the assets of the acquired companies as the collateral for
the loans to acquire the businesses. The book is written to
allow even a relatively inexperienced buyer/business owner, to
find and to complete the transaction step-by-step. The
SterlingCooper firm is available as a total daily step-by-step
coach in the entire process if necessary so that you are not out
there all alone, trying to just follow the book, but you have a
real coach to accomplish the first acquisition. Initial
consultation is at no cost to the reader. The entire process is
broken down to easy to follow and organized steps what start with
describing how the process of structuring an LBO works, and then
guides the reader though the individual steps needed to identify
the business to be acquired ( or acquire the business you now
work for by yourself or with other employees). Every step of the
process is documented day by day to accomplish the first
transaction in a period of 60-90 working days as the optimum
result! Since the acquisition process is geared to minimize the
funds needed from the buyer and concentrates on using the
leverageable assets of the acquired company, the buyer will
minimize the use of his own funds...that is the whole basis of a
properly structured LBO. You heard the term "OTHER PEOPLE'S
MONEY"? A properly structured LBO is the best of use of borrowed
funds; the bank's! Banks are very interested in financing a
properly structured acquisition since they want to lend money!
The book also contains a variety of helpful and ready to use
forms and agreements that can be easily used to close the deal
including a Draft Stock Purchase Agreement. Most valuable is
the INFORMATIONAL QUESTIONNAIRE, which provides all the questions
to ask relating to the business, its operations and financial
statements, and will be the document you can share with your
lenders for financing. You will be able to evaluate the entire
business, its history of operations and intricacies like a pro,
without having to spend tens of thousands of dollars on hiring a
battery of professionals to do that job for you. The ability to
buy a business, literally any business is now in your hands.
Depending on your available free capital there is no limit to the
possibilities of what can be acquired. You will enjoy reading
about the completed rtunistic acquisition of a divestiture,
of a 12,000 employee firm, by a motivated seller, a large
publicly traded conglomerate, and even provided a line of credit
to help with the acquisition! Do not be misguided by spiteful
reviews by a former employee that we have not been able to
remove0its hogwash, call instead.
- Used Book in Good Condition.