Post-close cash
Deferred CapEx & Equipment
A clean P&L can hide equipment, fleet, facility or technology spending that the next owner must fund immediately.
Buyer lens
Inspect the assets required to sustain current earnings and separate maintenance CapEx from discretionary growth investment.
Seller lens
Address obvious deferred maintenance or document the condition and replacement cycle before a buyer prices uncertainty aggressively.
Why it matters
- Depreciation does not tell you what needs replacement.
- Deferred maintenance can convert purchase price into immediate post-close cash needs.
- Capacity, safety and reliability can all depend on aging assets.
Evidence to reconcile
- Fixed-asset register
- Maintenance records
- Age/hours/mileage
- Inspection reports
- Replacement quotes and CapEx history