Acquisition Criteria
Acquisition Criteria#
Actively seeking established businesses with strong fundamentalsWe’re Ready to Buy#
Newance Growth is actively seeking to acquire our first business in the San Diego metro area. We’re pre-qualified with $1.5M in SBA financing and ready to move quickly on the right opportunity.
We’re looking for established businesses with proven fundamentals and untapped potential - companies where operational expertise and strategic leadership can unlock meaningful growth.
Target Acquisition Profile
Financial Profile
Seller’s Discretionary Earnings: $500K - $1M
Revenue: $1M - $5M
EBITDA Margin: 15%+ preferred
We’re focused on profitable businesses with clean financials and demonstrated cash flow stability.
Geographic Focus
Primary: San Diego County
Secondary: Southern California
We prioritize local businesses where we can be hands-on and engaged with operations, employees, and customers.
Business Characteristics
- Established operations: 3+ years in business
- Recurring revenue or repeat customer base
- Strong fundamentals with growth opportunity
- Transferable operations that don’t depend solely on owner
Industry of Interest
We’re Particularly Interested In:#
Home Services#
Plumbing, HVAC, electrical, landscaping, property maintenance, and similar trades-based businesses. Strong operational fundamentals with opportunity to implement technology and process improvements.
Technology Services#
IT services, managed service providers (MSPs), software development shops, and technology consulting firms. Businesses where technical expertise and operational discipline can drive scalability.
Construction & Specialty Trades#
General contracting, specialty subcontractors, or construction-adjacent businesses with established client relationships and reputation.
Professional Services#
Business services with recurring revenue models, established client bases, and opportunities for operational optimization.
Industries We’re Not Pursuing#
While we respect all businesses, we’re intentionally focused and declining opportunities in:
- Cannabis-related businesses
- Restaurants and food service
- Traditional retail stores
- Businesses heavily dependent on single contracts or customers
What Makes Us Different as a Buyer#
Operational Expertise#
20+ years of hands-on experience turning around underperforming operations. We understand what it takes to run a business profitably - from front-line operations to P&L management.
Technical Competency#
Software engineering background means we can evaluate technical infrastructure, implement automation, and leverage technology to drive efficiency without disrupting operations.
Financial Readiness#
Pre-qualified with $1.5M in SBA financing from Huntington Bank (the nation’s largest SBA lender). We can move quickly through diligence and close efficiently.
Legacy Preservation#
We don’t strip down businesses. We strengthen them. Your employees, customers, and community relationships matter to us. We’re here to build on what you’ve created.
Transaction Structure#
We work collaboratively to structure deals that respect your legacy while enabling smooth ownership transition.
- Cash Available: $80K injection capital
- Financing: SBA 7(a) pre-qualified up to $1.5M
- Structure Flexibility: Open to seller financing, earnouts, or transition consulting arrangements
Ready to Discuss Your Business?#
If you’re a business owner considering your exit, a broker with a matching opportunity, or an investor interested in partnering on deals - let’s start a conversation.
Confidentiality Guaranteed#
All discussions are handled with complete confidentiality. We understand the sensitive nature of business sales and respect your privacy throughout the process.