Partnering with an Operator to Buy a Business
Acquiring Minds
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Debt Service Coverage Ratio and Verbal Offer Negotiations
This chapter explores the concept of Debt Service Coverage Ratio (DSCR) in business loans and how it influences banks' comfort level. It also delves into the strategy of making a verbal offer instead of sending a Letter of Intent (LOI) and the importance of face-to-face conversations in deal-making. Additionally, the speakers discuss their long-term goal of equity distribution and the significance of alignment and partnership in business acquisitions.
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