Your Role (the seller)

1. Prepare for success - Identify your goals (personal, financial, and business) and fill out our contact form, and we will be in touch with you in 2 to 3 business days. In the meantime, we recommend that you start organizing your financials and operations early on
2. Introductory call - This will be a short 15–20-minute call with Cindy to tell us more about you and your business, and we will answer any questions you may have
3. Sign NDA & gather initial due diligence items, which include, but are not limited to, financials for the past 2- 3 years, inventory data, and organization structure
4. In-person meeting and store visit (usually I will walk the store incognito and meet with the sellers for lunch or dinner)
5. LOI - at this time, we recommend consulting a tax advisor and retaining a business attorney who will work directly with our attorney through legal items
6. Due diligence & quality of earnings, which involves data collection and validation. This is a deeper dive into operations and financials, including tax returns, key personnel, and more
7. Closing & transition to HHC (about 90 days from signing the LOI, dependent on the complexity of the transaction)

Our Role at helpful hardware

1. Prospect and make initial contact
2. Provide NDA and initial request list
3. Analyze initial financials and identify key diligence areas
4. Onsite evaluation & in-person meeting
5. Submit LOI with preliminary deal terms
6. Provide seller with comprehensive due diligence list, introduction of legal counsel, and prepare investment committee memo with 100-day plan
7. Closing & transition to HHC, including meeting with management or key personnel