A quiet bottling hall in late sun: one unsigned sheet and a pen on an oak table, the line idle behind it and three doorways in the far wall.
Project  /  Investment Decisions

Before the money moves,
what has to stay true?

For the owner with one real commitment on the desk: an offer, a refurbishment, a second site, a loan coming due. A model can pass while the people who must deliver it can’t. We connect the two.

Walk inTest your own decision

  1. The offer

    Unsigned. Valid until Friday.

    Three times profit, says the seller. The floor says the line is at capacity. Two good reasons to sign.

Test your own decision

Investment Decisions

One decision, followed all the way down.

A quiet bottling hall in late sun: one unsigned sheet and a pen on an oak table, the line idle behind it and three doorways in the far wall.
The offerUnsigned. Valid until Friday.
  1. The number

    “Three times profit.” A good multiple, a decent return, and a bank that seems happy.

  2. Where it really starts
    • FinanceWith a replacement manager, market rent and missed costs in, three times becomes 5.25.
    • OperationsThe manager who makes the profit is the seller. Who runs it on the Monday after?
    • TreasuryAn offer of €420,000 needs €495,000 once debts, fees, catch-up repairs and a cash buffer are counted.
    • The bankA lower price doesn’t change the loan. Cover stays under your line until the debt changes.
  3. What it does next

    A model that passes on price can still run out of cash in a slow month, with your name on the loan.

  4. What you can actually choose
    • Renegotiate the terms
    • Borrow less, add real equity
    • Wait for one missing fact
    • Pass
  5. What comes back

    After closing, the same model is checked against two operating cycles: customers, manager, cash, repairs. What was wrong goes back into the next decision.

  6. Stays yours

    Commit, shrink, wait or pass. WEDO isn’t a fund, manages no money and gives no regulated advice.

Other numbers, other first places to look
Revenue grows, return on capital falls
Net new contribution first: what’s displaced, the ramp-up, the lease left, the manager’s hours. Can it be tried small?
Profit, and always short of cash
Bank, orders, invoices and prepayments, rolled together. Is it growth absorbing cash, a leak, or collection?
More reports, the same decision
Who sponsors and who can veto? Which single fact would change their choice?
Cheap to buy, can’t afford to own
The seller’s equity against your full sources and uses. Are catch-up repairs or a cash buffer missing?
One decision on your desk

Follow the money down, then decide.

An offer, or an asset you could hold, improve or sell. Change the assumptions that matter and watch which conditions still stand. The road stays yours.

    What’s the decision?
    Which road do these conditions leave you on?
    Who acts first?
    Look again in

    An offer · Investment Decisions

    At 0.90× cover, this loan fails your own test.

    3.00× on reported profit is 5.25× on normalised profit. €420,000 needs €495,000 in all. A lower price won’t change cover; a loan near €141,538 would pass your 1.25× test, with €58,462 more real equity.

    Three facts that decide this
    That the €80,000 survives two operating cycles. Who replaces the owner, and who has actually agreed. The bank’s real terms, in writing.
    Refuse if
    The seller won’t show the owner’s workload, customer concentration or lease terms; or cover only passes with a loan you can’t get.
    Road these conditions leave
    Wait for a fact. Wait for the one fact most likely to change this; set the date.
    Who checks what first
    Finance: addbacks to invoices and bank. HR: a real quote for a manager. Bank: rate, term, security and drawdown conditions.
    Who acts first
    Owner
    Look again
    within 30 days
    What this isn’t
    Not a valuation, regulated investment advice, a recommendation or an approval. WEDO isn’t a fund and manages no money. Legal, tax and financing opinions stay with qualified professionals.

    Next: One decision, one entity, one main model, one round of the investigation that can change the answer. Bring the date it must be made by.

    Teaching defaults from WEDO’s capital playbook, in EUR. Simplified to one year’s cover and year-end cash. A working draft from the numbers you entered and labelled teaching defaults. Not a forecast, a result or professional advice. Nothing has been sent anywhere.

    Bring one question  /  Investment Decisions

    Which commitment is about to move without its conditions written down?

    Your call
    Commit, shrink, wait or pass, each with its conditions.
    Next step with WEDO
    One decision, one entity, one main model, one round of the investigation that can change the answer.
    The next conversation

    A free half-hour online conversation starts with this count. Handover and fees come after fit and scope.

    That’s yours whether or not you ever talk to us.

    What this line covers

    A real capital event for a business or an asset: an offer, an improvement, an operating alternative, a loan coming due. Specific operating problems belong in the relevant line; property routes in Real Estate.

    Scope, before commitment

    Not a fund, discretionary management, regulated investment advice, a valuation or an approval. Legal, tax and financing opinions stay with qualified professionals.

    We start with your situation to define the work WEDO takes on and the next step.

    For the work we agree on, WEDO is the one party answerable to you. Any local field work goes to a provider agreed with you first. The decisions that change your business stay with you.

    Next doorThe road you choose leads somewhere: a place you’ll own or lease.Real Estate