01Buying a business
Understand the people and equipment.
Look beyond the sales summary to the equipment, people, and customer relationships that make the earnings possible.
An independent letter on business ownership
Ron Diver · Puget Bindery, est. 1919
I run a century-old trade bindery on two shifts. I’m also looking for the next business to buy.
Field notes on buying, running, and handing on a small business. For searchers pursuing their first acquisition, owners building the next one, and people thinking about a sale.
Letter No. 01 · Available to read
01Buying a business
Look beyond the sales summary to the equipment, people, and customer relationships that make the earnings possible.
02Growing through acquisition
Understand the cash, capacity, and operating capability a second business will ask of the first.
03Preparing for a sale
Bring the owner’s knowledge, the crew’s strengths, and the work worth preserving into the conversation about what comes next.
A note from Ron Diver
I write this letter, and I’m doing the work myself: running Puget Bindery in Kent, Washington, and looking for businesses to acquire. If you’re considering a sale, or know an owner I should meet, I’d welcome a conversation in confidence.
More about Ron