Episodes
251
Aug. 4, 2022
Avoiding Due Diligence Pitfalls with Ahmed Raza
Ahmed Raza has bought several businesses and now runs RapidDiligence.com which helps others evaluate businesses. From 1 off deals to streamlining his process, he helps others avoid pitfalls in the search world. We dive into… Underestimate the amount of work required Costs outside of COGS, what creeps up here Angel deals and structure Episode Resources Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Exclusive to Let’s Buy a Business podcast, get $25 just...
250
Aug. 2, 2022
$1M For a Business Selling Phones to the Elderly with Lewis Fausett
We dive into a business for sale selling phones to older people. :) Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: or Connect with Ryan Condie Connect...
249
July 21, 2022
How Kat Weaver Won 6-Figures to Start Her Business
Kat Weaver is an incredible entrepreneur with a successful exit for her first business in 2022. She won over 6 figures of grants and free money to start her first business. Kat now helps entrepreneurs raise money for their own businesses. We dive into… — Rethinking capital to launch or acquire a business — How to seek out investors — How to raise money from investors Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up he...
248
July 19, 2022
Everything About Using Your 401K to Buy a Business - Frank Selden Interview
We dive into how to use your existing 401k to invest or buy a business or real estate. Fascinating topic that is incredibly complex. Frank shoots you straight here. This is known as ROBS or Rollover as Business Start-ups. Episode Resources 10-Step Video series to Finding a Company to Buy Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ry...
247
July 14, 2022
Two Deal Listing Deep Dives - Texas Edition
Here are two businesses for sale right now that caught my eye from Texas Business Buyers. I dive into the high-level overview of their listings and what areas I would focus on for due diligence. Aquarium for Sale 30-Year-Old Plumbing Business Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabus...
246
July 8, 2022
Building a World-Class Customer Experience with Your Acquisition with Scott Porter
Scott Porter is world-class in everything he does. His customer experience touch points are gold and we dive into… -- How to stand out as a boring business (he used to run 3 nursing homes, yeah, that's boring!) -- Seeking Challenges in your Career (he was on the founding team of an airline that just SPAC'd) -- Humanizing Experiences in everyday life. Episode Resources Exclusive to the Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | S...
245
June 23, 2022
Mistakes I'm seeing Often from Buyers Right Now
2 Glaring Mistakes: Being too broad or too narrow on business criteria that aren't matching your effort. Nickle and Diming when you find a great business. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16
244
June 17, 2022
How to View Mainstreet Businesses in a Recession with Clint Fiore
Clint has 7+ years as a broker. 40+ deals. That’s a lot. Bought businesses, grew them, hired operators, a pilot, an awesome dad, etc. He's one of the clearest thinkers I've met in this space and that's because this isn't his first rodeo. You're gonna love these gems by Clint. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.co...
243
June 14, 2022
My Brief Background + 3 Unique Deal Structures
I dive into my background of starting 10 businesses, buying/selling 12 deals, and 3 unique deal structures. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16
242
June 7, 2022
What You Will feel as a Searcher with Jordan Carter
This is one of my favorite episodes. Jordan Carter dives into many of the fears and doubts that you have while searching. We dive into... -- Telling Family and Friends -- What if it goes bust? -- What will people say and think -- How you can't search part time -- How to fund your acquisition Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with...
241
May 26, 2022
Alternative Lending Options for $5-$20M businesses with Stephen Speer
Stephen is an OG in the lending space, especially for online businesses. He knows how these businesses operate which is rarer from lenders. BUT now he has something he's been working on for 7+ years which is how to fund businesses in the $5M - $20M range. We dive into... -- Capital Access Fund -- Alternative ways to Finance $5M - $20M businesses -- All things criteria, size, interest rates, PG's, etc. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie...
240
May 24, 2022
How to Buy a Business that Needs You with Jason Condie
Jason Condie went from a 7th grade Spanish teacher to owning multiple businesses in less than 3 years. He just acquired a website and digital course business that needed his skillset. We dive into... - Complete Career Transformation - Hiring the Whos and NOT learning the Hows - Motivated Sellers - Risk Tolerance - Buying a Business that needs you. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusine...
239
May 17, 2022
Robert Graham and Juan Ruiz - Examples of Multimillion Dollar Deals
Robert Graham and Juan Ruiz dive into specific deal examples for searchers. Robert helped 6 searchers close deals last year and Juan runs COMMUNETA at Harvard. We dive into… Dealing with non-recurring revenue How to handle unique business risk with investors Stock Sales to keep contracts in place Unions :) It's a fun convo. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Juan Ruiz ...
238
May 12, 2022
5 Ways to Free Up Cash Flow in Inventory Business - Matt Putra
Matt Putra is an eCommerce expert and fractional CFO for eCommerce brands. He’s built, bought and consults for many eCom brands. We dive into… How to free up cash flow 5 Specific Actions to take to squeeze out working capital Good Debt vs Bad Debt Why eCom is taking a massive hit. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Matt Pu...
237
May 5, 2022
Mike Finger - 4 Successful Exits, Unique Acquisitions
Mike is the CEO of ExitOasis.com and has bought, built and sold 4 businesses. He’s also been a broker and coaches people on how to sell their business now. Mike found his first acquisition by driving around town and talking to owners. His Framework of Successfully Selling your Business: Desirable Results Duplicate Results Document Results The Owners wait too long to think about getting it ready to sell, then they fail. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryanco...
236
April 28, 2022
What Makes a Good Seller
I dive into a short episode on an example of a good seller, the business traits and their own traits that generated a ton of interest in the market. -- No Short Cuts in Bookkeeping or Products -- Built for Transition - Hired the right people to Optimize -- Steady growth for 6 years of Operating History -- Good Margins on Evergreen products and Industry -- Good People Recipe for success. :) Episode Resources Help to defend Ukraine — donate to Ukraine’s main charity fund Help to defend Ukraine ...
234
April 19, 2022
Online Tricks to Old School Business: Interview with Matt Blackwelder
Matt was the main guy going in to acquire businesses to run them. His Private Equity company bought 18 businesses in 18 months with Jared Zemp. We also breakdown how to use new tactics from online to offline businesses. Episode Resources Help to defend Ukraine — donate to Ukraine’s main charity fund Help to defend Ukraine — donate to the fund of the National Bank of Ukraine Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Matt Blackwelder ht...
233
April 14, 2022
Jared Zemp Interview - Buying 18 Businesses in 18 Months (Part 1)
Jared bought 18 businesses in a very short time period. He talks about his highs and lows while creating a fund to buy and operate small businesses. Jared has some crazy acquisition stories such as 30% of his revenue from a furniture store he bought was actually a prostitution ring. He drops some knowledge bombs here if you want to buy businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jared Zemp jzemp@crowchild.c...
232
April 4, 2022
Buying a Commercial Janitorial + Hiring a GM from Day 1 with Jordan Inman and James Maxwell
Great episode with Jordan Inman and James Maxwell. They bought a great local business through a self-funded search process. We dive into.. -- When partners make sense -- Working with amazing sellers -- Deal Structure + Bankers on your team Episode Resources Traction Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jordan Inman and James Maxwell Jordanrinman@gmail.com Jmaxwell814@gmail.com
231
March 31, 2022
Lessons learned on 100's of Acquisitions with Jeremy Harbour - Go Do Deals
Jeremy is the founder and CEO of Unity Group, a leading merger, acquisitions, and IPOs firm that specializes in helping entrepreneurs grow their small to medium enterprises (SMEs). The firm actively invests in SMEs in the $1-$15m turnover range and has offered advice on over 300 mergers and acquisitions worth billions of dollars. We dive into... -- Deal Structure -- How to buy businesses through consulting -- Acquiring Competitors for $1 "You make money selling businesses, not operating busine...
230
March 24, 2022
Funding an Acquisition between $200-$400k
One of the most common questions I get is how to fund a business between the ranges of $200k and $400k. There aren't great options here because most banks won't loan on this amount, an unproven business sometimes, may not be big enough to support you, etc. Here are a few options though. 1. Save up. This can take awhile. 2. SBA from a local bank. Has to be local. 3. Find an investor on good terms, make it interesting to them. 4. Short term debt (I'M NOT A FAN OF THIS and don't recommend it) 5....
229
March 22, 2022
Businesses for Sale - Local Home Health Care and Online Pet
I do a short dive into 2 businesses I like on the market right now, home health care and a pet eCommerce business. Both look like solid buys with over $500k in SDE. Episode Resources Help to defend Ukraine — donate to Ukraine’s main charity fund Help to defend Ukraine — donate to the fund of the National Bank of Ukraine Homecare Business Pet eCommerce Business Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16
228
March 17, 2022
How to Buy a SBA Business with an Investor - Thread by Clint Fiore
How to buy a business with little to no personal money down. Keep in mind, this is a path to do it but has some nuances that can be tough to do. Most deals will require money from you, as the buyer. You will also need to sign a fat Personal Guarantee and put in the sweat equity. This isn't a free ride. :) Episode Resources Help to defend Ukraine — Donate to Ukraine’s main charity fund Help to defend Ukraine — Donate to the fund of the National Bank of Ukraine Connect with Ryan Condie http://l...
227
March 11, 2022
eCommerce Business for Sale - Low Multiple
We dive into a business for sale. Key Points - $30k Purchase Price - 1.1x Multiple $27k SDE Big 3rd Party launch coming in 30 days - (she did $48k in revenue last year on this segment) **I am the advisor/broker on this listing. I normally keep all things brokering separate from the podcast but thought this could be interesting to the listeners. Many of you could fit this. Click here for more info https://quietlight.com/listings/10757697/ or Email Ryan@quietlight.com Episode Resources https...