Business Search & Investment Criteria
Our goal is simple: to find one small business we can own and operate for the long term.
We also know that no business is perfect, so the criteria below is really just a guide to help focus our search – it is not a big deal if your business does not meet all of the criteria below.
If you’re ready to sell your business within the next few months, please reach out directly to our founder at harry@tornamcapital.org or +1 (202) 240 8070
Size
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$500k - $2m of annual pre-tax profits ($3m+ of annual revenues preferred)
Industry
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Any stable industry with minimal risk of significant near-term disruption
Business Resilience & Longevity
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10+ years of operating history with strong earnings quality and simple business model
Valuation
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Fair and reasonable
Seller
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Retiring or looking to transition within the next few months
Location
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DC-Maryland-Virginia region and surrounding states preferred, but willing to relocate within the U.S. for a great business
Notes:
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We think of a resilient business as one with revenue predictability, healthy cash flow generation, and reasonable stability across economic cycles
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We are very flexible on industry type and will assess a business on its own merits