In this episode of Jackquisitions, Jack sits down with Chris Barr—an aspiring business owner deep in the trenches of due diligence after signing an LOI to buy his dream company.What follows is a transparent, tactical breakdown of the financial, legal, and operational hurdles Chris is facing. From recasting sketchy financials to prepping for a potential retrade, this episode strips away the romanticism of acquisition and lays bare the gritty work that goes into closing a deal.If you're serious about buying a small business, this episode is your field guide.⚡ What You’ll LearnWhat happens after you sign the LOI: Chris’s real-time playbookNavigating financial recasting and spotting red flagsLegal and operational due diligence—what most acquirers overlookWhy your deal team matters more than your deal sizeWhen retrading is necessary (and how to do it without killing trust)The biggest mindset shift Chris had during diligenceHow to stay optimistic when things get messyWhether you’re a first-time buyer or a deal junkie, this episode will sharpen your edge and help you prep for the real work behind business acquisition.💼 Shoutout to Appletree Business Services HVAC and plumbing pros—ditch tax surprises and unresponsive accountants. Appletree handles your books, taxes, payroll, and acquisitions, and they know tools like ServiceTitan cold.🎁 Get a free tax & financial review or 10% off a QOE report. 👉 Book a call at [appletreebusiness.com] — tell Patrick Jack sent you.💼 Buying Businesses? Jackquisitions is the must-read newsletter for operators, acquirers, and deal junkies. It’s packed with real acquisition breakdowns, seller red flags, and proven strategies from the trenches.📬 Join and get smarter on small biz M&A every week. 👉 Subscribe at https://www.jackquisitions.com/👤 Hosted by Jack Carr – https://x.com/TheHVACJack👤 Episode Guest Chris BarrSend us a textJackquisitions Newsletter — Your favorite source for how to buy small businesses. Real insights, smart strategies, zero gurus.🖊️ Sign up HERE for more insights 📢 Enjoyed the episode? ✅ Like, Comment & Subscribe for weekly insights on business acquisitions, deal flow, marketing, and growth strategies! 📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.

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