NAPIII / An individual buyer
Buying one business. Not a portfolio.
My name is Neil Perry. I am not a fund, a broker, or a website that collects your information and sells it. I am one person, with lenders already engaged, looking for one owner who is ready to hand off what he spent thirty years building.
- Revenue
- $1.5M to $10M
- Owner earnings
- $400K to $2M
- Sectors
- Service, distribution, light mfg
- Age
- 10 years and up
- Employees
- 5 to 75
01 / What I buy
Unglamorous businesses that have been around a while
Recurring work, a real customer list, and a phone that rings whether or not anyone is marketing. Route based service, specialty trades, industrial and B2B distribution, and light manufacturing with a niche that nobody else wants to bother with.
Work that has to get done
Tanks get pumped, permits get filed, parts get shipped. I like demand that is driven by a regulation or a schedule, not by a trend.
An owner who is ready
Retirement, health, burnout, a partner split, or simply forty years being enough. There is no wrong reason, and it does not change my number.
People worth keeping
A crew that knows the routes and the customers by name is most of what I am buying. I am not coming in with a plan to thin it out.
02 / Why sell to me
A private equity firm buys your company. I take your job.
You talk to me, every time
No associate, no analyst, no committee that has never seen your yard. The person on the first call is the person who signs at closing and the person answering your phone the following Monday.
I am not flipping it
There is no fund life, no five year hold, no second bite for somebody else. I am buying one company to operate for the long run, which means I care about what your name means in town.
I underwrite off your tax returns
Not a broker recast, not a spreadsheet of what the business could do. I price what the business actually did, I tell you how I got there, and my offer does not quietly shrink later.
You are not doing this for free
If we are not a fit, I will tell you in the first week instead of tying you up for six months. Your time is worth more than my option to keep looking.
03 / How this goes
Five steps, and you can stop at any one of them
Most owners have never sold a business before. Here is the whole thing, start to finish, so nothing about it is a surprise.
A phone call
Thirty minutes. No documents, no NDA, nothing in writing. You tell me what the business does and what you want out of the next few years.
Three years of tax returns
That is genuinely it to get to a number. I will sign a confidentiality agreement first if you want one, and I will send back the assumptions I used so you can argue with them.
An offer in writing
Usually inside two weeks. Price, structure, what happens to your employees, and what you would be asked to do after closing. Nothing hidden in a side letter.
Diligence and financing
Sixty to ninety days. Bank appraisal, a look at the books and the equipment, licensing and insurance. I keep the request list short and I do it during your slow season if I can.
Closing and handoff
Some owners want to be gone Friday. Some want to ride along for a year. Both are fine, and we agree on which one long before we get here.
04 / Who I am
Neil Andre Perry III
I spent many years at global financial institutions, managing projects, operations, liquidity, and risk. It was a great experience and I worked with a lot of smart people, but none of it was ever mine. I left to build something I could put my own name on.
I live in northern New Jersey with my wife Erica, a special education teacher, and our goldendoodle, Harper. My family has been tied to this area for generations, from my Ramapough Lenape heritage in the Mahwah hills back to Caesar Perry, an African American Civil War veteran who grew up, lived, and died in Bergen County. I am looking to buy here or close by. Staying put is part of the point.
I have been searching full time for about a year. I have walked yards, ridden trucks, and sat at kitchen tables. What I want is a sound business with good people, a reputation worth protecting, and an owner who cares what happens after the closing.
- Financing
- SBA 7(a), lenders engaged
- Equity
- Committed personal capital
- Counsel
- Retained
- LOI turnaround
- Two weeks or less
05 / Contact
Tell me about your business
One email or one phone call. Nothing you send goes to a broker, a listing service, a lender, or anyone else without you saying so first.
- Email neil@napiii.com
- Phone 201.701.0942
Everything stays between us. If we do not do a deal, I do not keep your numbers, I do not shop your business, and your competitors never learn that you and I spoke.