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 11 minJun 1, 2026

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

Seller financing can align incentives and reduce senior debt, but buyers need to understand payment timing, standby terms, subordination, debt service, working capital, and lender readiness.

Read article
deal diligence 12 min

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

Before buying a car wash business for sale, verify site control, traffic, equipment, water/sewer costs, environmental risk, revenue proof, memberships, labor, capex, and local competition.

deal diligence 11 min

Laundromat Profit Margins: How Buyers Should Underwrite the Real Numbers

Laundromat profit margin depends on revenue proof, utility costs, rent, machine age, labor, payment systems, service mix, and lease control. Buyers should underwrite margins from documents, not rules of thumb.

deal diligence 12 min

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

A small business valuation multiple is only useful after you verify SDE, add-backs, owner role, working capital, debt service, capex, customer risk, and transferability.

market research 11 min

How to Compare Local Markets Before Buying a Business

A practical framework for comparing local acquisition markets by demand, supply, trade area, buyer fit, financing fit, and diligence risk before chasing listings.

deal diligence 12 min

HVAC Business Valuation Multiples: What Buyers Should Check First

HVAC multiples are not just about SDE. Buyers need to check recurring service mix, technician bench, owner dependence, local demand, customer concentration, and transition risk before trusting a headline multiple.

local business ideas 12 min

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

$100k down can be meaningful, but it is not a blank check. Buyers need to screen business types by price, SDE, debt service, working capital, transition risk, and market fit before chasing listings.

deal diligence 13 min

How to Buy a Laundromat Without Overpaying for Old Machines

Buying a laundromat is not just buying machines. First-time buyers need to verify revenue, equipment age, lease control, utility costs, renter density, competition, and capex before trusting the listing.

financing 12 min

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

An SBA loan can help finance a small business acquisition, but it does not make every deal bankable. First-time buyers need to understand buyer injection, cash flow, seller financing, collateral, valuation, and lender readiness before applying.

financing 11 min

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

A business acquisition calculator will not tell you whether to buy a company. It will tell you whether the price, cash down, debt service, seller financing, working capital, and buyer salary are realistic enough to deserve a lender conversation.