Episodes

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...
225
March 3, 2022

4 Years to $5M Exit in the Solar Industry with Ryan Wallace

Ryan Wallace went from successful Stock Broker to starting NM Solar Group. Ups and Downs and then a $5M exit. Amazing nuggets in this story. Episode Resources 10 Step Video series to Finding a Company to Buy Mushfiq's Content Website Buying Course Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Ryan Wallace https://www.linkedin.com/in/sdryanwallace/
224
March 1, 2022

Business Search Pitfalls from over 200 Searchers with Chelsea Wood

Chelsea Wood runs the Acquisition Lab () with Walker Deibel (Buy Then Build) and has worked with over 200 searchers and 40 acquisitions. Before helping entrepreneurs in the SMB space, she led acquisitions for a large healthcare company which went from...
223
Feb. 24, 2022

Change the Terms, Not the Price

You name the price, I'll name the terms. Sometimes you can't change the price, change the terms instead. Episode Resources 10 Step Video series to Finding a Company to Buy Mushfiq's Content Website Buying Course Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16
222
Feb. 22, 2022

The Business Search and Deal Structure with Robert Graham

Robert has a great background from investment banking to private equity where he bought/sold a lot of business. He started his own search and bought 3 complementary companies. Data shows that deals with partners can have significant increases. We dive into… - How to be successful in the search - Deal Structure with raising money - Latest changes in Search Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGq...
221
Feb. 17, 2022

Buying Foundries Across America - Reg Zeller

Reg Zeller took his background from his corporate career to acquire foundries. Yes, foundries, workshops or factories for casting metal. They are on a buying spree and are operating profitably. Incredible business nuggets and life lessons being dropped here. This is a must listen to episode for anyone in any industry. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Reg Zeller Twitter - https://twitte...
220
Feb. 15, 2022

Signing a Personal Guarantee

People are scared of Personal Guarantees (PG). They should be. Let me explain why you are required to sign one. Personal Guarantees are not for everyone. Neither is buying a business, BUT you're trying to jump forward 5-10 years ahead when you buy a company. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Personal Guarantees: https://buythenbuild.com/personal-guarantee Ryan Twitter - https://twitter....
219
Feb. 8, 2022

How to Buy a Local Health Foods Store with Andrew Noel

Andrew went from corporate America to an entrepreneur in a short amount of time. He bought a great health foods store in Florida and has since grown the business over 30% in the first year. We dive into... - Leaving Corporate America for Flexibility and to add more value - Local Searches vs Industry Specific Searches - Lease Negotiations Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with An...
217
Jan. 27, 2022

Why Buy A Profitable Online Business Instead Of Starting One with Ryan Condie [Part 1]

I join Jaryd Krause's podcast - Buying Online Businesses. I don't normally go on the other end and thought it would be good content and insights for you all. Part 1 - Imagine if you could skip forward 3-5 years in your online business journey, just from buying a profitable online business. Instead of spending a whole lot of time, money, effort and energy just trying to start an online business and still run the risk of it failing. You see 90% of all startups fail and Ryan Condie shares why th...
216
Jan. 20, 2022

From Software Sales to Buying an Insulation Business with Damon Chlarson

Damon Chlarson was in software sales in corporate America before jumping off the high dive and buying a business 60 days ago. He bought Pacific Insulation Supply. We dive into... - Leaving Corporate America - His Business Search - Diving into SMB Twitter - Leveraging His Sales Skills - How to view the last 30 days of the business performance - Operating a business with someone else's process Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness....
215
Jan. 18, 2022

Patel Motel Cartel - Why are 70% of Motels Owned by Indians?

Indian Americans account for about 1% of the population but own about 70% of the motels in America. Entrepreneurship Self-Employment Teaching the Next Generation Funding the Next Generation Sticking to Industries They Know Episode Resources https://buffalonews.com/news/the-patel-motel-phenomenon-immigrant-entrepreneurs-from-india-many-with-the-same-last-name-now/article_b5404a8b-1e03-5632-9dbb-e197d9ee3254.html https://yourmileagemayvary.net/2021/05/07/why-so-many-motels-hotels-are-owned-by-in...
214
Jan. 11, 2022

Leaving the Corporate World to Start a Franchise and then Buy a Water Softener Business - Brent Parker

Brent Parker left the Big 4 accounting world to dive straight into entrepreneurship. Things that I love about this conversation…he had background in boat industry, understood the business beforehand from brother, started with Franchise, then upgraded to a great business, Then bought a Water Softener Company… We dive into… - Corporate to Entrepreneurship Switch - Starting his first business - Lean years…then explosive growth through creativity - 180 turn…bought a business across the country H...