What “Cash-Free, Debt-Free” Really Means When You Sell Your Business
Most private-company acquisitions are structured on a cash-free, debt-free (CFDF) basis. Owners hear this all the time — but many don’t fully appreciate how much it shapes their actual proceeds. In simple terms, the buyer purchases the operating business, not your cash or your debt. You keep your cash, and you pay off your debt […]



