Private (Job-Seeking) Buyers are individuals
who are often well financed but risk averse. As the name implies, they
are frequently seeking to replace the income stream and intellectual
challenges lost or abandoned in the corporate world. As a group, they
are well educated, professional, honest, and focused. They generally
have from $250,000 to $2,500,000 to invest in an acquisition and must
consider debt service and personal financial requirements when making
an offer. These considerations limit the size of the business that they
can acquire and the premium that they can afford to pay. Oftentimes
they are inexperienced in acquiring a company, which can slow down the
process.