A Banker’s Perspective on Financial Due Diligence
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In this episode, hosts Pat Ennis and Corby Megorden of ENNIS Legacy Partners discuss with bankers Matthew Mapes and Ryan Goral of Sunflower Bank, a bankers perspective on financial due diligence for both the buy and sell side of transactions.
Matthew and Ryan address the following questions:
What do you as bankers recommend to business owner customers about their due diligence process when acquiring another business?
What do you see as a common challenge for sellers as they prep their company for sale?
How would you advise a seller in setting expectations for the financial due diligence process of selling their company?
What would you advise a seller to do that would drastically improve the probability of selling his/her business?
Whether you have goals for growth through acquisition or your eventual exit, you will find our conversation with these experienced bankers very helpful. One point discussed that could be the difference in you receiving an average or high multiple at sale is creating a “road map” for a potential buyer.