Your next era might be ownership.
Buying an established business means day one customers, a trained team and real cash flow. I have bought a business myself, so I know what it takes to get from searching to signing.
Skip the startup risk.
Cash flow from day one
An existing business has revenue, customers and a track record lenders can underwrite.
A team in place
Trained staff, vendor relationships and systems that already work.
Financing available
SBA 7(a) loans fund a large share of Main Street acquisitions, often with about 10% down.
Tell me what you are looking for.
The buyers I can help most arrive knowing three things: the industries they are targeting, a rough budget and the geography that works for them. Share yours and I will help you focus your search and flag businesses that fit.
- Target industries and why they fit you
- Total budget and cash you can invest
- Where you want to own, and how hands on you want to be
- Proof of funds or a lender prequalification letter, and your resume, if you have them
Thank you, your criteria are in.
I will review them and reach out within one business day. In the meantime, browse current opportunities on Iconic's marketplace.
One more step
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Six steps to the keys.
The best predictor of a serious buyer is action, not intent. Here is how to become the buyer sellers pick.
Define your criteria
Industry, location, size, how involved you want to be, and your deal breakers. Clarity saves months.
Know your budget
Liquid equity, retirement funds, partners and lender pre approval. Know what you can actually close on.
Assemble your team
An SBA lender, an M&A attorney and a CPA who reviews deals. Have them ready before you find the one.
Review opportunities
Sign NDAs, read the CIM, ask sharp questions and meet the seller. Judge cash flow, risk and fit.
Make an offer
A letter of intent sets price, structure, financing, diligence period, transition and exclusivity.
Diligence and closing
Verify the financials and operations, finalize the loan, sign the purchase agreement and start your training period.
How most Main Street deals get funded.
General guidelines only. Your lender sets the final terms.
| Item | Typical guideline |
|---|---|
| Buyer equity injection | At least 10% of the project, not borrowed |
| Maximum loan | $5 million |
| Term for business acquisitions | Up to 10 years |
| Debt service coverage | Lenders often look for about 1.25x on recast cash flow |
| Personal guarantee | Required from owners of 20% or more |
| Seller note | Often allowed, may need to be on standby for a period |
Program rules change. Confirm current requirements with an SBA preferred lender. Learn more at sba.gov.
Before you start your search.
How much money do I need to buy a business?
With SBA 7(a) financing, buyers commonly put in at least 10% of the project as equity, plus closing costs and working capital. A seller note can sometimes cover part of the gap. Your lender will confirm what applies to you.
Do I need industry experience?
It helps, but it is not always required. Lenders look for transferable management experience and a solid transition plan with the seller. Strong operators from corporate roles buy businesses every day.
Why do sellers ask for proof of funds?
Sellers share sensitive information only with buyers who can actually close. Showing proof of funds or a lender pre approval early makes you a stronger buyer and gets you better access to deals.
Where can I see businesses for sale?
Browse current opportunities on Iconic's marketplace, and send me your criteria with the form on this page so I can flag new businesses that match before they get crowded.
Ready to own your next era?
Book a call to talk through your criteria, financing and the opportunities that fit.
