Frequently Asked Questions
Honest answers to common questions about business transitions and working with us.
About Acquire Legacy Partners
What is Acquire Legacy Partners?
We are a private acquisition firm focused on thoughtful transitions for long-time business owners. We work directly with owners who want confidentiality, flexible deal structures, and a process that respects their timeline.
Are you a broker?
No. We are not a broker and we do not list businesses for sale. We are a direct buyer and partner. We acquire businesses directly, which means we have more flexibility in deal structures and can move more confidentially than a traditional broker arrangement.
What types of businesses do you acquire?
We focus on established businesses with $500K to $5M in annual revenue, 15+ years in operation, and a track record of serving real customers with real employees. We work across a range of industries including home services, specialty trades, light manufacturing, distribution, and B2B service companies.
Are you private equity?
No. We are not a fund with institutional investors demanding returns. We take a longer-term view and are not optimizing for a quick flip. Our goal is to build sustainable businesses that preserve value for owners, employees, and communities.
The Process
How does the confidential review work?
It starts with submitting a confidential inquiry form. We review the information, then schedule a call to understand your situation and goals. You receive honest feedback on whether there may be a fit—regardless of whether we move forward together.
How long does a typical transition take?
It depends on the structure and complexity. A straightforward acquisition might close in 60-120 days. A phased transition or consulting-for-equity arrangement might unfold over 12-24 months. We move at your pace, not ours.
What happens after I submit an inquiry?
We review your information, reach out to schedule a conversation, and then provide honest feedback on whether your situation may be a good fit. If there is potential fit, we discuss next steps. If not, we tell you why and point you toward resources that might help.
Do you charge for the initial review?
No. There is no charge for exploring whether there might be a fit. We earn our fee when a transition is completed.
Confidentiality
How confidential is the process?
Very. We understand that confidentiality matters—employees, customers, and competitors do not need to know you are exploring options until you are ready. We do not list businesses publicly, and all information shared with us is kept strictly confidential.
Will my employees find out?
No. Unless you choose to tell them, there is no reason for employees to know. We do not require site visits or employee meetings until you are ready to move forward, and even then, we coordinate with you on timing and communication.
Do you share my information with third parties?
Never. Your business information is never sold, shared, or disclosed to third parties without your explicit permission.
Deal Structures
What types of transitions do you offer?
We offer multiple structures including full sale, seller financing, phased buyouts, minority or majority equity partnerships, consulting-for-equity arrangements, management transitions, and more. The right structure depends on your goals and situation.
Can you help if I want to stay involved for a while?
Yes. We are experienced with phased transitions where you reduce involvement gradually rather than exiting all at once. This can be better for you, your employees, and the business.
What if I own the building too?
We can work with that. Many of our transitions include separating the real estate from the business operations, allowing you to either sell or retain the property and collect ongoing rent.
Eligibility
What if my revenue is outside your typical range?
Revenue between $500K and $5M is our sweet spot, but we evaluate each business individually. If you are outside this range, reach out anyway—we might still be able to help or point you to someone who can.
What if my business is newer or I have owned it for less than 15 years?
While we prefer businesses with longer operating histories, we consider each situation individually. If your business has strong fundamentals and you have relevant experience, reach out to discuss.
What if my books are not in great shape?
Honest books are important, but we understand that many good businesses have messy records. If your business has real value, we can often work through documentation issues or help you clean things up before proceeding.
Referrals
I am an advisor—can I refer a client?
Yes. We have a dedicated process for CPA, attorney, banker, and other advisor referrals. Your client receives a discreet inquiry experience, and we keep you informed as they move through the process if you wish.
Can I remain anonymous as the referrer?
Yes. If you prefer, we will not disclose your involvement to the owner you are referring. Simply indicate your preference in the referral form.
Still Have Questions?
If your question is not answered here, reach out and we will do our best to help.