Time off just before closing on a business

by a searcher from Princeton University

2 years ago

I am under LOI for a business that looks like it may close. I am considering taking 10 days off for a vacation with the family after signing the purchase agreement and before the close of the business. 

If this happens, this would be the first time closing a business for me, so I don't know if this is a really bad idea given the number of things that can come up during that time or if others here have managed to do that and it is possible.

I would appreciate any feedback from experienced acquirers! Thank you.

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12 comments

searcher from London Business School

You should postpone your holiday. Closing deal required a lot of focused, It is the moment for you to stay connected all the time

2 years ago | like reply | 0 likes

professional from University of Michigan - Ann Arbor

Agree with everyone else…not a good idea. Not only could it potentially send the wrong message to the seller, but you’ll be surprised how much still needs to be done between signing and closing. Focus on closing and the transition period and take a vacation once you’re established post-closing/post-transition.

2 years ago | like reply | 0 likes

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