Business expert Ryan Condie shares tips on finding businesses for sale. He discusses platforms like Quiet Light Brokerage and Biz buy sell, strategies for industry targeting, building relationships with owners, and using mailers for outreach in acquisition processes.
Different businesses require specific strategies to find and source deals, whether online or locally.
Industry-specific trade shows and Facebook groups offer valuable networking opportunities for finding potential deals in various sectors.
Deep dives
Approaching Different Types of Businesses
Finding and sourcing deals depends on the type of business you're looking for, whether it's a local service business, an online business, or a SaaS business. Online marketplaces and brokers cater to those seeking online businesses, while local businesses can often be found through local business brokers. Brokers typically require an NDA and information on the types of deals and financing available.
Utilizing Industry-Specific Trade Shows and Groups
Industry-specific trade shows and Facebook groups play a crucial role in finding deals based on the industry you're interested in, such as apartment complexes, restaurants, or storage unit facilities. These platforms provide networking opportunities and insights on potential deals. Attending trade shows and engaging with industry-specific groups can lead to valuable deal flow and connections.
Exploring Online Marketplaces and Brokerages
Online marketplaces like Centurica, Quiet Light Brokerage, Effie International, Empire Flippers, Website Closers, Biz Buy Sell, and Biz Quest offer diverse listings for online businesses. Each platform has unique features, such as aggregated listings, business evaluations, and varying valuation methods. While some sites may lack robust filtering options, they provide a range of businesses for sale and newsletters for updates.
Ryan Condie breaks down the area to find the right marketplace and broker to find businesses for sale. He also provides a few ideas on how to create your own deal flow outside of brokers.