98 Advisors

Strategic Advisory for Businesses at Critical Inflection Points

98 Advisors works with founders and business owners through acquisitions, sales processes, and strategic transactions — with a hands-on, high-conviction approach.

The Firm

A boutique advisory firm that works closely with founders and business owners navigating complex strategic decisions.

We advise on sales processes, acquisitions, capital structure decisions, and strategic transactions — providing the rigor and sophistication of institutional advisory with the attentiveness and alignment of a trusted partner.


Services

How We Help

01

Sell-Side Advisory

Guiding founders through the strategic and operational complexities of a sale process — from preparation and positioning to managing buyer engagement and closing.

02

Buy-Side Advisory

Supporting companies pursuing acquisitions with target identification, strategic evaluation, deal structuring guidance, and transaction process management.

03

Capital Advisory

Advising on capital structure decisions and helping companies prepare for financing discussions — evaluating options and positioning the business effectively.

04

Strategic & Transaction Advisory

Providing senior-level counsel on complex business decisions, partnership structures, and transactions that shape a company’s trajectory.


Who We Help

Select Situations

We engage with business owners at moments that matter — when the decisions are significant, the stakes are real, and the right guidance can change the outcome.

01Exploring a potential sale of the business
02Preparing for a formal M&A process
03Evaluating inbound acquisition interest
04Developing an acquisition strategy
05Evaluating financing and capital structure options
06Navigating founder transition decisions
Readiness Advisory

Acquisition Readiness Audit

Not every business is ready for a transaction — and the best time to find out isn't during the process. Our Acquisition Readiness Audit helps founders understand where they stand and what to address before going to market.

Strategic

Strategic Readiness

Market positioning & competitive differentiation
Growth narrative & trajectory clarity
Customer concentration & revenue quality
Management team depth & transition planning
Financial

Financial Readiness

Financial reporting quality & auditability
EBITDA normalization & add-back analysis
Working capital & cash flow patterns
Revenue sustainability & forecasting rigor
Structural

Structural Readiness

Corporate & legal entity structure
Contract & IP documentation
Regulatory compliance posture
Data room preparation & organization

The Audit delivers a clear, candid assessment across three dimensions — highlighting strengths, identifying gaps, and providing a prioritized action plan to maximize readiness and value.

Approach

Why 98 Advisors

Founder-Oriented

We understand the difference between advising an institution and advising someone who built a business. Our work starts from the founder’s perspective.

Transaction Sophistication

Rigorous process. Institutional-quality work product. Without the overhead, hierarchy, or misaligned incentives of a large bank.

Senior Involvement

No hand-offs to junior teams. The people you hire are the people doing the work.

Selective & Discreet

We work with a small number of clients at any time, ensuring each engagement receives the depth of attention it deserves.

Engagement

How We Work

We work through retained advisory relationships — structured to keep us deeply engaged while aligning incentives around outcomes.

Our engagements typically involve a monthly advisory retainer combined with transaction-based success economics tied to completed strategic transactions where applicable. This structure reflects the seriousness of the work and ensures sustained, senior-level attention throughout the engagement.

Monthly Retainer

$10,000 – $15,000

per month

Success Economics

3% – 5%

tied to completed transactions

Engagement terms are tailored to the scope and nature of each advisory relationship.


Get in Touch

Considering a Sale, Acquisition, or Strategic Transaction?

Schedule a confidential conversation to discuss your situation.

Schedule a Conversation