Family member still in the business

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from Yale University - School of Management
in New York, NY, USA

1yr ago

Family member still in the business

I am looking at a potential acquisition where the sellers are looking to retire and exit the business but the son is still in the organization as an employee (not an executive role or management role).

The broker mentioned the son does not want to take over the business given the hassle of running a business and have numerous conversations with the seller in the past.

Are there any reservations or concerns I should diligence with this type of scenario if the son is going to remain in the business? Does any one have any positive or negative experiences after completing a similar acquisition in the past?

Thanks!

2 Likes

41 Views

reply by a professional 1yr ago
from Northwestern University in Chicago, IL, USA

If you’re exploring M&A or any major investment, QoE services can provide insight into your earnings and risks. Let me know if you’d like to chat more about it at redacted

reply by a searcher 1yr ago
from Georgetown University in New York, NY, USA

I've been through this experience personally and my firm specializes in family businesses on buy-side or sell-side.

If you will inherit someone related to the prior owners, you should ensure you fully understand their roles and responsibilities. It's normal that next generation family members may be "overpaid" or simply have a lower threshold for competence to join an organization. I agree with a prior comment that there should be mechanisms to resolve disputes in a way that does not hamstring the business post-closing. Make sure you understand any responsibilities you are inheriting as the successor with regards to the employment contract, and better yet, ensure it is terminated and create a new one at close.

Happy to talk more, feel free to reach out.