If you enjoyed this video and would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at bit.ly/4bANQpz Thank you!
I’ve been buying off market real estate since 2018. Acquiring off market businesses is the next step in my journey as an entrepreneur. Thanks for sharing this information!
@@legacyrydeshare3478 I was thinking MEP initially. However, lately I’ve been looking at well established (10+ yrs) businesses in the automotive service sector that are currently doing 1m+ in EBITDA. I’m actually opened to any sector. My main criteria is a business that is at least 10+yrs old. Doing 1m - 3m in EBITDA/SDE. That already has an operating manager in place (who’s not the owner) that will stay on board. From there I’ll circle back around to buying commercial real estate (APTS).
It all sounds like common sense.. I guess the tricky part is to have the right people besides you that can give you support when you are giving an offer .
This is the second video of yours that I watched about buying a business and in both videos right off the top you’re saying to shop around but what if the business that you want is the only one available because it’s a niche market?? my dream is to buy a motorcycle shop. An old-school Harley one to be precise and those kind of shops are not falling out of trees. If you know what I mean, I am not interested in a modern Harley dealership at all, so how would I go about buying this one shop in particular, the owner wants less than 75K and I would need Another 75 to 150 K for tooling. So I’m looking at 150 to 400 K the shop is in a building that is not owned but leased out
You don't want to wait till the business comes on the market. You want to find the business you want and social engineering yourself into talking to the owner and figuring out what his long term plans are.
I'm a little thoughtful about the process? Jonathan, I like your work on the channel. But do you think the bank lends to students or the unemployed to go out with no money down? How does the bank and the seller justify it? I thought the bank wants to see some kind of experience and financial statements before the buyer joins the game of buying business.
If you enjoyed this video and would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at bit.ly/4bANQpz
Thank you!
Great information for people like me who want to purchase a business.
Glad it was helpful!
Incredible I’m hooked and am joining the academy.
Really great information here, I appreciate it 🙏🏽
Thanks!
I’ve been buying off market real estate since 2018. Acquiring off market businesses is the next step in my journey as an entrepreneur. Thanks for sharing this information!
What is your strategy? I’m new at this and information gathering. Thank you!
What sector are you planning to attack? I’m residential construction. I’m thinking to roll up MEP companies or maybe just build one out.
@@legacyrydeshare3478 I was thinking MEP initially. However, lately I’ve been looking at well established (10+ yrs) businesses in the automotive service sector that are currently doing 1m+ in EBITDA.
I’m actually opened to any sector. My main criteria is a business that is at least 10+yrs old. Doing 1m - 3m in EBITDA/SDE. That already has an operating manager in place (who’s not the owner) that will stay on board. From there I’ll circle back around to buying commercial real estate (APTS).
Amazing interview!!! Great information 👍
Glad you enjoyed it!
Great Information
Thanks!
Hey Jonathan do you have anybody that would be able to assist me out here in the United States with my Private Equity firm?
@@jamskyfrench2376 only just seen this. What assistance did you need?
Useful info.
Great mind! Priceless information! Well done Jonathan.
Glad you enjoyed it!
It all sounds like common sense.. I guess the tricky part is to have the right people besides you that can give you support when you are giving an offer .
This is the second video of yours that I watched about buying a business and in both videos right off the top you’re saying to shop around but what if the business that you want is the only one available because it’s a niche market?? my dream is to buy a motorcycle shop. An old-school Harley one to be precise and those kind of shops are not falling out of trees. If you know what I mean, I am not interested in a modern Harley dealership at all, so how would I go about buying this one shop in particular, the owner wants less than 75K and I would need Another 75 to 150 K for tooling. So I’m looking at 150 to 400 K the shop is in a building that is not owned but leased out
The more choices you have the better deal you will do. If it's one specific business you want to buy, that's fine too!
You don't want to wait till the business comes on the market. You want to find the business you want and social engineering yourself into talking to the owner and figuring out what his long term plans are.
Wow!
:-)
I’m going to meet you one day and we’re going to be buying businesses together
How long does it take to own the business from the buying process?
it depends whether you have a process to follow -it can be just a few weeks
@@theDealmakers thank you for following up 🏌🏽
I'm a little thoughtful about the process? Jonathan, I like your work on the channel. But do you think the bank lends to students or the unemployed to go out with no money down? How does the bank and the seller justify it? I thought the bank wants to see some kind of experience and financial statements before the buyer joins the game of buying business.
Pls forward advance DOA with procedure and terms.
SamOlawade
Flipping buinesses is sort of flipping houses. Find and fix a house up, then sell it.
there's an awful lot more to it compared to buying a house, though although the analogy does work
How exactly do you leverage a business without any money? I’m new to this kinda stuff is there anyway to obtain this knowledge?
You can learn a lot about this on this channel Justin
Love it thanks.
This guy is brilliant.. last answer was excellent
That's incredible deal.
This is great 🎉
you can get my business buying toolkit, completely free - bit.ly/3Jt13EQ
6 min. Formula
Is this available in the US?
yes it is - www.thedealmakersacademy.com/bam