Frequently Asked Questions

1.How do I know you are legit?

I put this website together and connected it with my LinkedIn profile to demonstrate that I am a real person with a sincere and singular focus on acquiring one small business to operate for the long term. If you are skeptical about me I am happy to answer questions by email (don@mountbericocapital.com) or over the phone (cell: 781-521-2451). To address any curiosity you might have about my approach here is a link to a 2014 Harvard Business Review article geared towards Baby Boomers that talks about investors who back folks just like myself to buy businesses just like yours. My approach is similar but different in a few very important ways that I am happy to discuss.

 www.hbr.org/2014/12/retiring-boomers-should-consider-selling-their-companies-to-millennials

2. Who is backing you?

I am committing own money alongside funds from a pair of experienced investors. My backers understand and appreciate the role small businesses play in our economy. One investor worked for decades as a director of acquisitions to a Fortune 500 companies and the other is a business school professor. They are now helping me pursue my entrepreneurial goal of becoming a business owner and are committed to my long-term success. We all value the concerns of owners wishing to transition out of a business while protecting their legacy.

3. Are you acquiring multiple businesses?

No - I will acquire 100% of one business that I will run full-time as the CEO for the long-term. Selling your business to me will be different than selling to a competitor, a larger company, or to a private equity firm. Since I am only looking for one business to buy, I do not intend to simply acquire your customers and streamline the organization by letting some of your employees go. Frankly, I want to retain your team and work with you to ensure there is a smooth transition and "warm hand-off of the reins."

4. What does the process look like

To get to know you and your business I generally like to take a few preliminary steps: 

  1. An introductory call to introduce myself and learn more about you

  2. Get an NDA in place and review high-level financial information

  3. Ask additional questions and put together a preliminary evaluation

  4. Schedule an in-person visit to get to know each other better​

The final part of the process will involve signing a Letter of Intent and completing a detailed due diligence process. The entire process will take approximately 3-6 months.

 5. What are the basic transaction details?

I am looking to do a transaction at a value and with terms standard for your industry 

  • I intend to maintain existing contracts, employees, and the current business location

  • I desire a smooth ownership transition over a period of months following the closing

  • I have retained legal and accounting support with cash in the bank to make the purchase 

  • I am prepared to move efficiently through due diligence to closing

6. Where are you currently located?

I work out of an office in the financial district in Boston. I have moved many times while I was in the military. Relocating is not a significant problem for me, and I do enjoy having roots set in a community.

7. Will you be able to run my business?

I have over 18 years of leadership experience from my time in the U.S. Army. In the US, one in six veterans start a business and 9% of companies are owned by veterans. I also have a foundation of academic training from engineering, business administration, and public administration. I know that I have a lot to learn, but with my proven leadership experience, entrepreneurial drive, and support from my mentors, I am confident that I will develop the additional skills needed to be successful in running your business.