Looking To Raise $40K For 2.5% Equity Stake

LOOKING TO RAISE $40K FOR 2.5% EQUITY STAKE

I am raising $40k for 2.5% equity stake on a $4M EV acquisition (prop deal).
$4M EV Capital Structure
$1.5M Seller note
$0.4M Seller Equity Roll
$1.7M Debt
$0.4M Equity infusion
I plan on returning $20k back to the investor in year one and the remaining $20k of original investment in year two. At that point, open for discussion on full buy-out of 2.5% equity stake or continue to keep the 2.5% equity stake going forward.
Acquisition target
27 y/o Municipal water well driller, installer, and servicer located on the gulf coast of FL.
•	2020 Revenue $3.85M, 2019 Revenue $4.54M, 2018 Revenue $3.65M
•	2020 Net Income $1.46M, 2019 Net Income $1.21M, 2018 Net Income $0.87M
Owner and Brother staying on with 5% equity roll each with a graduated vesting period over 5 years (ie. year one 0.5%, year two 0.75%, year three 1%, year four 1.25%, and year five 1.5%)
Hard assets on B/S: $3.4M in Equipment & Vehicles (debt free).


Happy to chat further, feel free to DM or email [redacted] 

5 likes 373 views 17 comments

investor University of Connecticut - 03/22/2021

Where is the other $360k in equity coming from? Already raised from outside? Self funded?

like reply | 0 likes

searcher - 03/22/2021

^[redacted]‌ - equity split from outside and self-funded. Happy to chat further as needed.

investor University of Virginia University of Florida - 03/22/2021

Dan, I’m also here in Tampa and have closed multiple deals and self-funded searcher investments in West Central FL. Happy to chat/help.

like reply | 1 like

searcher University of Cincinnati - Carl H. Lindner College of Business University of Rajasthan - 03/22/2021

Just sent you an email. Would love to discuss the details

admin Massachusetts Institute of Technology - MIT Sloan School of Management Taylor University Stanford University - Graduate School of Business - 03/22/2021

^[redacted]‌ - In addition to the comments you receive here, you can find Investors that match your deal under the DIRECTORY tab at the top of this page. Here is the direct link: https://www.searchfunder.com/user/list/investor

Tagging a few Investors that might be interested in connecting with you on this deal: ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌

To our Investor friends, THANK YOU for helping to make Searchfunder a collaborative community! You can improve your organic rank in the Searchfunder Directory by staying active and by having your Searchers review/endorse your profile. PM me with questions.

Be sure to take full advantage of your UNLIMITED access to BVR Deal Stats, now available under the VALUATIONS tab at the top of this screen. Here is the direct link:

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With Best Wishes, ^[redacted]‌

searcher - 03/23/2021

Thank you ^[redacted]‌

investor Concordia University - John Molson School of Business - 03/22/2021

Hello Dan, I’d be interested in looking at deal. Send over information to [redacted]

^[redacted]‌ - just sent over email.

professional University of Michigan - Ann Arbor - 03/23/2021

Dan - shot you an email. Would love to chat.

searcher University of Colorado at Boulder - Leeds School of Business Utah State University University of Madras - 03/24/2021

^[redacted]‌, Thanks for sharing. I would love to look at the deal and sent you an email.

searcher Texas A&M University - 03/24/2021

Congrats on securing a deal! Would love to connect-

searcher Columbia University - Columbia Business School University of Pennsylvania - Philadelphia - 04/03/2021

Nice deal - Good luck

investor Harvard University - Harvard Business School University of Arkansas at Fayetteville - 04/27/2021

Dan, if you are still looking for equity please email me at [redacted] Would like to take a look at the opportunity.

like reply | 2 likes

searcher Stanford University - Graduate School of Business - 04/28/2021

Hi Dan. How did you get the senior lender past the equity roll (assuming it's a SBA loan)?

searcher - 04/29/2021

One of my early learnings with this one. Not SBA eligible for 1) the equity roll and 2) seller wants to stay on past 12 months.

Debt will be traditional Sr. Debt around ~50% EV. Fortunately this one is very asset heavy for collateral.

searcher Stanford University - Graduate School of Business - 04/29/2021

Hi Dan, thanks for the feedback, very helpful, best of luck.

investor Harvard University - Harvard Business School Northwestern University - 06/07/2021

Will email you

LOOKING TO RAISE $40K FOR 2.5% EQUITY STAKE

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