The Buyer Who Lets You Walk Away
“Dan Mytels owns Salt Creek Capital and has acquired over 100 businesses. Their model is to buy the business without expectations the seller stays on,” shares Sam Thompson a Minneapolis business broker and the president of M&A firm Transitions In Business. “In this episode Dan will talk about why some buyers hold the business for 15 years and not flip it in 5-7 years. He’ll also discuss whether your business is better suited for growth or transition.”
Most acquirers want you to stick around. Roll equity. Hit targets. Train your replacement.
But there’s a different kind of buyer out there. One who wires 100% of the money at closing—and lets you walk.
Dan Mytels represents this type of buyer. Through his firm, Salt Creek Capital, he’s acquired 100 businesses—most of them mature, profitable, niche companies where the owner was ready to move on. They don’t always offer the highest multiple, but they do offer something many founders value more: a clean break.
In this episode of Built to Sell Radio, you’ll discover how to:
• Weigh a clean exit versus a higher price with strings attached
• Understand why some buyers prefer to hold for 15 years—not flip in five
• Navigate the difference between committed capital and fund-based buyers
• Spot the red flags of ETA buyers still looking for their first deal
• Decide whether your business is better suited to growth—or transition