BUSINESS TRANSITION ADVISORY
FINANCIAL INTELLIGENCE FOR BUSINESS ACQUISITIONS & EXIT
P&L provides financial preparation, business valuation, and financial due diligence for owners buying, selling, or transitioning privately held businesses.
Business Transition Services
Financial support designed around the three critical moments of a business transition.
Seller Financial Readiness
Prepare the financials before going to market.
P&L helps organize, clean up, normalize, and prepare financial information for buyer, lender, and advisor review.
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Financial cleanup & reconciliation
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Normalized financial statements
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Add-back identification & support
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Earnings & margin analysis
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Transaction financial preparation
Prepare before the questions begin.
Business Valuation & Exit Analysis
Know what the business is worth before making the next move.
P&L provides business valuation and financial analysis to help owners understand business value and the financial factors influencing an eventual exit.
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Business valuation
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Normalized earnings
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Owner adjustments & add-backs
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Financial performance analysis
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Risk & value-driver analysis
Understand the value you've built.
Acquisition Financial Review
FINANCIAL DUE DILIGENCE
Understand the financial reality before you buy.
P&L performs financial due diligence to evaluate the earnings, cash flow, financial position, and financial risks of a potential acquisition.
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Historical financial analysis
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Quality of earnings analysis
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Seller add-back review
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Working capital & debt analysis
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Acquisition cash-flow analysis
Know what you're buying.
TRANSACTION FINANCIAL CAPABILITIES
Financial Analysis Built for Business Transitions.
Our work is scoped around the transaction, financial information available, and the decisions that need to be made.
ACQUISITION FINANCIAL REVIEW
Financial Due Diligence Before You Buy.
P&L evaluates the historical financial performance and financial position of a target business to help buyers understand the economics and risks behind an acquisition.
BUSINESS VALUATION
NORMALIZED EARNINGS
FINANCIAL CLEANUP
FINANCIAL DUE DILIGENCE
ADD-BACK ANALYSIS
TRANSACTION-READY FINANCIALS
QUALITY OF EARNINGS ANALYSIS
WORKING CAPITAL ANALYSIS
ACQUISITION CASH-FLOW ANALYSIS
EARNINGS
Historical and normalized earnings analysis.
ADD-BACKS
Review of seller adjustments and supporting information.
REVENUE & MARGINS
Revenue trends, gross margins, expenses, and profitability.
WORKING CAPITAL
Receivables, payables, inventory where applicable, and operating requirements.
DEBT & OBLIGATIONS
Debt and other material financial commitments.
FINANCIAL RISK
Concentration, inconsistencies, unusual trends, and areas requiring further investigation.
SBA ACQUISITION UPDATE
New Quality of Earnings Requirements for Certain SBA Acquisitions
Effective October 1, 2026, SBA SOP 50 10 8.1 introduces an independent Quality of Earnings requirement for certain SBA 7(a) Initial Acquisitions and Business Expansions with a business purchase price of $3 million or more.
For applicable transactions, the Quality of Earnings analysis adds another level of independent financial review to the acquisition process.
PLANNING AN SBA-FINANCED ACQUISITION?
Understanding the financial diligence requirements early can help buyers prepare for the lender process.
P&L determines the appropriate scope and professional involvement for each engagement. SBA-required Quality of Earnings engagements are subject to applicable lender, independence, experience, and SBA requirements.
THE P&L ADVANTAGE
We Don't Just Identify Financial Issues. We Can Help Address Them.
Transaction analysis can uncover accounting problems, unsupported adjustments, inconsistent reporting, or financial information that needs to be strengthened.
Because P&L combines accounting, tax, and advisory capabilities, we can help address financial issues before, during, and after a business transition.
SELL-SIDE
Accounting Cleanup
→ Seller Readiness
→ Business Valuation
→ Transaction Support
BUY-SIDE
Target Identified
→ Financial Due Diligence
→ Acquisition
→ Post-Close Accounting & Advisory
Our Process
P&L evaluates the historical financial performance and financial position of a target business to help buyers understand the economics and risks behind an acquisition.
ASSESS
Understand the transaction, objectives, and available financial information.
ORGANIZE
Gather and structure the financial information required for analysis.
ANALYZE
Evaluate earnings, cash flow, financial position, adjustments, and risk.
PREPARE
Deliver the analysis and prepare the financial information for the appropriate next step.
PROFESSIONAL OVERSIGHT
The Right Expertise for the Engagement.
P&L's Business Transition Advisory work combines accounting, financial analysis, and advisory capabilities with CPA and specialist involvement based on the scope and requirements of the engagement.
Business transitions may also involve attorneys, lenders, brokers, valuation professionals, and other advisors. We work alongside the appropriate professionals throughout the process.
Scope of Services
P&L provides accounting, financial analysis, valuation, and advisory services based on the scope of each engagement. Services do not constitute legal advice, brokerage, investment banking, or an investment recommendation. Certain valuation, assurance, lending, tax, or other services may require additional qualified professionals.
BUSINESS TRANSITION ADVISORY
Understand the Financial Picture Before the Next Move.
Preparing to sell, value, or acquire a business? Start with the financials.