Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.
Dave and his wife Laura were referred to us by their attorney to assist Dave with negotiations with his boss to buy their business.
Dave has been in gymnastics since he was 3 years old and has been a coach all of his adult life. When his employer was thinking about selling their business, Dave decided he wanted to buy it.
Negotiations started prior to COVID and during talks, the gym was forced to temporarily close. Talks were started again when the shutdown was over, but revenues were slow to bounce back to pre-COVID numbers.
Because of this, many lenders were unwilling to finance business acquisitions in this industry because of the risk of another government shut down.
We were able to find him a lender who was able to be creative with financing and get a deal closed.
After almost 18 months, we were able to get the deal to the closing table on June 7, 2021.
I could not be happier with Dave and his willingness to stay in the deal and get it to the finish line despite the many obstacles we were faced with.
Congratulations to Dave and Laura on fulfilling their dream to own a gymnastics training facility in Columbia, Maryland.
If you are an employee and have an opportunity to buy your employer’s company, we can help assist in those difficult conversations so you can stay focused on your job until the deal is done.
Give us a call at 410-558-6365 to learn more about how we can help.
