Field Notes

Plain-English research for people buying or building local businesses.

Practical articles on market selection, acquisition fit scoring, SBA financing, and local business strategy.

financing 6 minJun 1, 2026

Seller Financing for a Small Business Acquisition: How Buyers Should Structure the First Screen

Compare seller-note payment schedules, total debt service and standby terms with a worked $1 million acquisition example and dated SBA requirements.

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deal diligence 7 min

Car Wash Business for Sale Checklist: What Buyers Should Verify First

A car wash purchase combines an operating business with site, equipment and membership risks. Price the business and any real estate separately, verify recurring revenue, and fund immediate repairs before treating the asking price as the whole project. Start with the site, then test the cash flow.

deal diligence 7 min

Laundromat Profit Margins: How Buyers Should Underwrite the Real Numbers

A laundromat can show a 30% operating margin and still leave its buyer no cash after financing and withdrawals. The worked example below shows exactly how. Define the margin, verify revenue and utilities, and separate store economics from the price and financing used to buy it.

deal diligence 6 min

How to Value a Small Business: Multiples, SDE, and Buyer Cash Flow

Use reported transaction multiples, verify add-backs and calculate how a $750,000 asking price changes against seller-presented and transferable earnings.

market research 7 min

How to Compare Local Markets Before Buying a Business

A market comparison should explain why a specific customer base can support a business after operating costs and acquisition debt. A cheap listing can still create a profitability problem if demand is weak or customers cannot conveniently reach the site.

deal diligence 7 min

HVAC Business Valuation Multiples: What Buyers Should Check First

BizBuySell reports a 2.83x average earnings multiple for HVAC sales in its Q3 2021–Q2 2026 dataset. Use that as context, then verify the earnings underneath your target's multiple.

local business ideas 8 min

Best Businesses to Buy With $100k Down: How to Screen Realistically

The best business to buy with $100k down is not a universal category. It is the business where your cash, financing structure, operating ability, and local market all fit at the same time.

deal diligence 11 min

How to Buy a Laundromat Without Overpaying for Old Machines

A laundromat can look simple from the outside: washers, dryers, rent, utilities, and customers who need clean clothes. The diligence is less simple.

financing 12 min

SBA Loan to Buy a Business: What First-Time Buyers Should Know Before Applying

Prepare an SBA acquisition package with a $1 million sources-and-uses example, buyer injection math and the rules changing on October 1, 2026.

financing 11 min

Business Acquisition Calculator: How to Screen a Deal Before Calling a Lender

Reproduce acquisition loan payments, distinguish business DSCR from buyer affordability, and test revenue, interest-rate and seller-note stresses before a lender call.