Ryan sold my excavation business for $3.1 million. We worked together ten months and talked almost every day. When it closed, the sad part was we didn't have a reason to call each other anymore. He became a real friend.
How a deal actually moves
The airport concession, start to close
- Setup
A profitable spa inside a major airport. Strong numbers, motivated seller, qualified buyer. Price agreed in three weeks.
- Crisis
The airport authority had to approve the lease transfer. Weeks passed. Nobody on the other side had a deadline, and the buyer's rate lock was running out.
- Pivot
Instead of waiting on email, the buyer got in front of the authority in person with a transition plan they could put their name on.
- Outcome
Approval came through. Funded eleven days later. The lesson: find out who can say no before you agree on price.