The Apex Business Advisors Podcast

Sign Here: Why a One-Page Engagement Agreement Wins

Andy and Doug dive into the nuts and bolts of engagement agreements for business sales, explaining why a clear, one-page contract matters and how exclusivity, commission structure, and accurate disclosures protect sellers and advisors.
They cover practical topics including handling unsolicited buyers, management agreements that effectively transfer operational control, seller responsibilities for providing up-to-date financials, and common redline tactics that can complicate a sale.
The episode also discusses due diligence realities, why commission incentives can backfire, jurisdictional clauses, and where to find additional resources on the Apex website.

Who Runs the Business When You're Gone? The 4 D's Every Owner Must Plan For

Andy and Doug talk about the "four D's" of emergency business sales — death, disability, divorce and disagreement. Through real client stories (widows left to sort businesses, remote children stepping in, and tangled estate access issues) they explore how sudden events can upend companies and families.
Key takeaways include creating an emergency "break-glass" folder with logins and trusted contacts, appointing authorized signers for payroll and bills, setting transfer-on-death for accounts and real estate, and using wills, trusts and life insurance as practical exit-plan tools to protect employees, family and business continuity. 

Know Your Number: Using Business Valuation to Maximize Exit Value

Andy and Doug are joined once again by Friend of the Show Valerie Vaughn to break down why understanding business valuation is essential to successful exit planning. They cover the Exit Planning Institute framework (Discover, Prepare, Decide), the value of getting a ballpark valuation early, and how to use valuations as an annual measuring stick to guide growth and transition decisions.
Listeners will learn practical next steps: assemble a team of advisors (attorney, CPA, financial planner, M&A/broker), run 90-day sprints to clean up issues, and focus on levers that improve profitability and multiples. The hosts also share a case study illustrating how to close a retirement funding gap and make a business more marketable.

Lost by 5%: How Offer Structure and Motivation Win Deals

Andy and Doug welcome returning guest Valerie Vaughn to discuss recent closings and the realities of a competitive buyer market. They walk through a repeat buyer’s journey, from selling a business in 2024 to searching and finally winning the right acquisition.
The episode breaks down real deal comparisons: how a 5% price gap, down payment size, financing structure, and the overall capital stack influence seller decisions. They emphasize speed, certainty, and the seller’s emotional priorities—employees, customers, and legacy—when choosing between multiple offers.
Practical takeaways include writing clear, bankable LOIs, presenting a strong capital stack, and adjusting the tone to build rapport with sellers.

Dirty Books, Dirty Exit: How Personal Add Backs Sink Valuations

Andy and Doug break down a common but costly problem for business sellers: running personal expenses through the company aka add backs and how that practice destroys value and scuttles deals. Using real examples from current engagements, they discuss cases with 30–40% of SDE tied up in personal expenses and explain the buyer and bank perspective.
Topics include valuation approaches (SDE vs. EBITDA), why lenders — especially SBA‑backed banks — have tightened underwriting, the trust and character issues personal add backs raise, and financing failures caused by unverifiable expenses. The hosts also cover practical next steps: getting a neutral third‑party valuation, cleaning up books (and converting perks to proper salary), deciding whether to sell now or keep-and-grow, and revisiting the market with clean numbers.

I Signed, Then Panicked

Andy and Doug share the unique case of seller remorse after closing. They unpack a deal where the seller tried to back out after paperwork and funds were finalized, and the reasons behind the panic — from not reading 100+ pages of documents to being locked out of systems when ownership transferred.
They discuss practical lessons for buyers and sellers: clear communication, documented training plans, locking and transferring system access, due diligence expectations, and the emotional identity shift owners face post-sale. 

Buyer Diligence

Andy and Doug unpack a recent deal that raised multiple red flags and share practical lessons on buyer diligence. They discuss real examples — a private equity buyer with no website, flimsy pitch materials, and unverifiable funding — and how those issues forced them to pause an LOI and protect the seller.
 
The episode covers why the digital footprint matters, what basic buyer information to collect (funding source, past acquisitions, team members, references), how seller financing changes the due diligence stakes, and simple vetting steps brokers should adopt to avoid embarrassment and risk. Expect candid stories, actionable best practices, and a reminder to vet buyers before sharing confidential seller information.

Episode 200 — 4 Years, 100+ Deals, and the Secrets Behind Apex's Success

Andy and Doug celebrate the podcast's 200th episode while reviewing four years of growth and key lessons from 2025. They discuss firm milestones—new offices, expanded advisor team, over 100 deals closed—and operational improvements like professional CIMs, a refreshed website, and a disciplined approach to pricing and buyer qualification.
The episode covers industries that performed well (HVAC, electrical, residential services, healthcare, manufacturing), lender financing strategies, how Apex maintains a high close rate, the growing role of AI, and advice for new brokers.