The £2m business acquisition

I waited too long to get started… but then I bought a £2.5m business

In this latest episode of Business Buying Strategies, we visit a Mastermind client, Carsten, at the £2.5m revenue tree surgery business he recently purchased.

By his own admission, Carsten was a little slow getting out the blocks, as he previously believed he needed funds to acquire a business. He joined our FastTrack programme and saw other dealmakers buying profitable, established businesses with no money down.

After joining Mastermind, Carsten followed our business buying system and took six months to buy his first business. In the episode, we go behind the scenes with Carsten to discover how the deal was put together and the reality of owning rather than operating a business.

Here are the key highlights:

00:00 – Why he chose to buy a £2.5m business as his first acquisition

00:00 – What held Carsten back from getting started earlier

00:00 – How Carsten runs the business in just a few hours each week from his home

00:00 – How Mastermind helped Carsten learn what he needed to close his first deal

00:00 – How Carsten took six months to complete the purchase

00:00 – How he creates systems to conclude deals more efficiently

00:00 – What Carsten is focusing on next

Here is what you will discover…

• Why buying a bigger business with a management team is always better than a small business 
• How to avoid getting stuck in the day-to-day running of the business
• How to avoid wasting time and money during the deal sourcing process by having a system in place
• Why a network of experience dealmakers is essential to saving time and money on any business acquisition
• Why you need to get started learning business buying now – even if you think it's too soon
• How to avoid wasting time and money during the deal sourcing process by having a system in place
• Why a network of experience dealmakers is essential to saving time and money on any business acquisition

** Looking for a great acquisition lawyer in the UK? Use mine! **

If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk.

Ready to get started?

Here’s how you can start your business buying journey…

Watch my FREE Dealmakers webinar training:

https://www.dealmakerspodcast.com

Get a FREE copy of my book:

https://www.thedealmakersacademy.com/free-book-giveaway

Join the Business Acquisition FastTrack course

https://www.thedealmakersacademy.com/quick

Already bought a business?

if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on hello@thedealmakersacademy.com for more information.