Small Business Buying
& Due Diligence Guides.

How to Calculate SDE Without Lying to Yourself

The formula is easy. The judgment calls are where buyers get cooked. Here’s how to calculate seller’s discretionary earnings like an adult.

20 Questions to Ask When Buying a Business

A no-BS, CPA-backed checklist for buyers who want better answers before they waste six figures on the wrong deal.

Revenue Verification in SMB Acquisitions: Tying the Numbers to the Documents

Verification is not about distrust — it is about turning a revenue claim into something that survives lender underwriting.

7 Red Flags That Kill SMB Deals — and the One That Shows Up at Closing

Most buyers don’t lose deals in due diligence — they lose them by ignoring the warning signs. These 7 red flags are instant deal killers. The one that catches even experienced buyers shows up right before close.

What to Do When Your Acquisition Deal Misses DSCR (Recovery Structures)

Lender SDE almost always comes in below broker SDE. When the gap is wide enough to push DSCR below 1.15x, you have four structural levers — and the order you pull them in determines whether the deal closes.

Asset Purchase Agreement (APA): What's Inside, How It Differs From a Stock Sale, and Free Template

An APA is a hundred pages of representations the seller signs and indemnifications the buyer relies on. The price is the easy part.

Acquidex for Search Fund Operators: How ETA Buyers Use It Differently

Self-funded searchers and traditional search fund operators use Acquidex differently than first-time buyers. Here's what the deal infrastructure layer looks like when you're running diligence across 15+ deals at once.