I Was Paid £50,000 To Take Over This Business
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- Опубликовано: 11 сен 2024
- How and why I was paid £50,000 to take over this business.
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In this video I show you 2 businesses we bought and how we structured the deals. The first example is about how I was paid £50,000 to take over the business and the 2nd deal is about managed to buy the business with no money down.
I've bought many failing businesses over the years and these 2 deals show how you can bolt on companies within your organisation and make them way more profitable.
This video is all about buying businesses.
£900K purchase valued at £2.3M after a bit of property magic - mind-blowing stuff
Great video James. Love this type of content along with your 'Day in the Life of an Entrepreneur' videos. 👍🏼👌🏼
One of your best vids mate. Working through all of these.
Great video! Why would you put up the rent on your location? Tax? Can we please get a video on that?
I went through many emotions watching this!😄 great content love your vision and passion ❤
Really enjoyed this one James - thanks. Out of interest, when you’re buying the freeholds on these commercial buildings, are you buying and holding them in your personal name?
I think obtaining the freeholds is a great plan, I hope your accountant is claiming those capital allowances…? 👀
Hi Samuel, I am holding them in my property companies of which we have 3.
Many thanks
Great video James 😎
again and again I'm learning alot from your videos!
Get yourself along to my Masterclass!
Www.Jamessinclairbmc.Net is the business masterclass for business owners to grow their business
@james cheers for the vid. Two questions...
1. If you had £1m cash in your bank because you'd sold your business, how would you invest it? (Perhaps a video idea)?
2. What books do you recommend reading on the subject of buying commercial property?
Cheers, Luke
Hi
On Q 1, I would set up another business. A million isn’t enough to life off solely investment income but it’s plenty to start and grow a business really quick. ( if you know what you’re doing)
On Q2, I haven’t read any commercial property books but I have read lots of business books.
Lastly it’s difficult to give a fair answer to Q 1 without knowing more details.
Brilliant video .
Great video as always, learning alot from binge was watching your content. We need to have a chat about your cash flow / merchant services as I'm sure there is a great opportunity for us both to do some business together
You said the seller will only get ETR at 10% on the first £1million.....what Tax level will the seller pay for the rest of the sale price.?..and, does that still aplly if he takes the price by deferred payments over few years.?...I know this will be all in your University but asking for all...thank you so much for these snippets
4:51 😆😆😆
MFI missed a trick.
It's getting a bit click bait though.
It's more like a £50,000 discount.
Nevertheless good vid, and fair play to you on that last podcast. Must have been frustrating.
I recognise the Jonathan Jay Welcome nursery in Ipswich
I have no idea what you mean? This is our nursery?
@@JamesSinclairEntrepreneur fair enough
Poor kids that have to go there
Why do you say that?
@@JamesSinclairEntrepreneur an industrial estate is not a nice environment for children to be raised/warehoused
@@michaelknight1671 you’ve obviously not got kids , my 4yr old daughter would love to go there and play. Let’s keep it positive 👍
@@Philxxxxxx I have four children James
@@Philxxxxxx it's not just soft play it's also a nursery