Hi Everyone, I am somewhat new to Lawnsite. I am looking to get feedback from anyone familiar with a larger business acquisition. We are looking to potentially purchase and expand our operations. Here are the details: Landscape and landscape maintenance company (business in question) who specializes in government contracts, city, state and commercial contracts across the state with 13 years experience in those areas. Certainly need to verify that these contracts are assignable. No residential work currently, my business currently is doing primarily residential installs with some maintenance. We have been experiencing 2x growth since I started in 2015. We should do 600k next year. The business in question currently has nearly 6 million in contract awards currently for the next few years (we verified these) from various state, federal, and city entities. They are projected to do 4.1 million in revenue this year with 600k cash flow and likely 4-500k net profit for 2019 (all will be verified once we go under contract). They have 30 employees with 5 office employees and all are expected to remain. I have experience in every aspect of business and business management so I am not green in these areas. The owner will stay on for 4 weeks intensive training and an additional year to act as a consultant to us. The deal structure is for real estate and the business acquisition. Business (pending apprasial is for 1,145,000 million and the real estate is 890k). I am in need of commercial real estate for my business so this checks that box. The debt service coverage ratio with the new debt payment factored in is considered "strong" by the bank and the last 3 years the average is between 1.8x to 2.88x DSCR. That doesn't include our revenue, just the business in question. The current owner takes 150k salary from the business. This business in 8a certified, disadvantaged minority owned, and has certifications with DOT. We expect to retain these certifications because my co owner(wifey) is Hispanic and will be 51% owner under new ownership structure. We will also be woman owned certified as well. The business has 750k replacement value (I haven't gotten the full asset list yet) in assets (50% is valuation from the bank) at 375k actual value. The business has updated software and CPU systems and tv's in conference rooms, 16 trucks (some newer, some older), various dump trailers, hydroseeding trailer, spray trailers, 5 skid steers, a mini ex, a dump truck (under 26k no cdl), a john deere tractor, multiple large trenchers, ride on mowers, and several other pieces. They also have an onsite mechanic to repair machines and trucks. The real estate is 8770 building and a little over an acre in size with a secured fence and gate with central location. We have been pre approved by the bank and they have reviewed our financials and their financials. We are going to be drafting a purchase agreement this week. I have an accountant and business lawyers in place. Recap: 2019 Revenue: 4,100,000 new business/375k from current business. 6 million in secured contracts. 750k in replacement valued assets 8770 sq ft commercial building 35 employees including key management personnel expected to remain. Specializes in commercial and government landscaping. Key note: we toured the operation and facility and they appear to be very organized and well established. Total asking price is 2,035,000 million. Sorry for the long thread but what do you all think who have experience with this? Good deal? Fair price? Solid business model? Does my business compliment theirs? Anything I maybe wouldnt think of to verify? Thank you guys!