What we buy

Established, profitable, and worth keeping.

Roughly $1–3M a year of earnings, in most industries, Pacific Northwest first. The whole company, or most of it with you still running it.

What's a fit

Rules, not boxes.

Usually

  • Profitable today. Real, verifiable earnings — roughly $1–3M a year before interest, taxes and depreciation.
  • Been around. You've survived a downturn or two.
  • Runs without you for a month. A manager, a bench, or systems solid enough that we can find one.
  • Customers who come back. Contracts, routes, renewals, a phone that won't stop ringing.
  • No customer you can't afford to lose.
  • An owner who cares what happens next.

Usually not

  • Pre-revenue, or a plan with a logo.
  • Earnings that only work because you never paid yourself.
  • The business is really you: your license, your hands.
  • An auction where the highest number wins regardless of who owns it Monday.

Not sure it fits? Send it. A division, a location, the building, or a business that went to market and didn't sell are all real conversations.

Structures and situations

How a deal can be shaped.

The whole company. Cash at close for what you built, your role your choice.

Most of it, with you running it. A majority sale, a meaningful stake kept, the same desk Monday, and a piece of what comes next. Founder-led platforms

Now and then: a division, a location, or the real estate.

Situations we see most: an owner ready to retire; succession with no successor; an owner who wants money off the table and isn't done; a business that went to market and didn't clear.

Run the cursory check

Not sure it fits? Send it.

A division, a location, the building, or a business that went to market and didn't sell are all real conversations.

Not ready? Thinking ahead

Goes to the person who decides. You'll get a short confirmation by email and can reply to it directly.

Prefer to reach us directly? inquiries@fellwater.com · Call or text (206) 895-7474

What to expect

Then, if it might fit:

  • A short call with the person who decides
  • A written offer after basic financials, not a range
  • A timeline set before you commit, and a call from us if it moves
  • No contact with your people or customers without your say-so