𝗛𝗔𝗟𝗢 𝗔𝗰𝗮𝗱𝗲𝗺𝘆 𝗧𝘄𝗼 𝗠𝗶𝗻𝘂𝘁𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗗𝗿𝗶𝗹𝗹𝘀: 𝗙𝘂𝗻𝗱𝘀 𝗙𝗹𝗼𝘄 𝗖𝗹𝗼𝘀𝗶𝗻𝗴

This week we're finally at the ninth-inning in closing our deal. 

We've gone through all the prior steps. . . club financials continue to perform and—against all odds (!) —every landlord signed their lease assignments. No last-minute disasters, no drama. (This never happens, but work with me for the sake of illustration. Ha)! 

𝗪𝗵𝗮𝘁’𝘀 𝗙𝘂𝗻𝗱𝘀 𝗙𝗹𝗼𝘄, 𝗔𝗻𝘆𝘄𝗮𝘆?

All parties expecting cash are listed in a Funds Flow Excel sheet.

In this case, $3 million is set aside into an escrow account for two years, ready for any unforeseen surprises.

Equipment lenders (like Macrolease) get paid directly by the buyers, ensuring all liens are cleared before ownership fully transfers.

Every last closing cost—success fees, accountants, landlord payments—is disbursed.

𝗧𝗵𝗲 𝗩𝗶𝗰𝘁𝗼𝗿𝘆 𝗟𝗮𝗽

With all wires sent and debts cleared, what’s left? A classic “tombstone” celebration for the team, and a HUGE sense of accomplishment. 

These deals take a long time to close. . .anyone who says otherwise is lying (or doesn't truly know the space.) Our shortest deal in the history of ISQ took 60 days. Our longest? About 14 months. 

Until next week—Go HALO!

We go into much more detail in the HALO Academy. Registration open now for our September cohort: https://www.thehaloacademy.com