Business Search & Investment Criteria
Our goal is simple: to find one small business we can own and operate for the next 30+ years.
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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$1-2 million of annual operating cash flow ($5M+ of annual revenues preferred)
Valuation
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Fair and reasonable
Business Resilience & Longevity
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10+ years of operating history with strong earnings quality and simple business model
Industry
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Any stable industry with long-term growth potential
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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To the extent that industry specificity is helpful, some industries that are appealing to us include the following:
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Business Services
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Government Services
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Niche or Specialty Manufacturing
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Healthcare Services (excluding direct patient care)
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Etc. - we are truly flexible and will assess a business on its own merits. We take pride in our solution-orientedness, skillset versatility, and capacity to operate in any industry
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