Let’s Buy a Business

Mushfiq Sarker is amazing. He also is the founder of thewebsiteflip.com. He’s been buying, growing, and selling sites for over 10 years with many 6-figure exits. He is a Super Seller on Flippa’s platform. Mushfiq has bought over 150 sites. In this episode, we dive into -- Specific Deal Dive -- Hiring operators -- Lots of content site goodies. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Mushfiq Sarker Newsletter: https://thewebsiteflip.com/ DealFeed: https://thewebsiteflip.com/deal-feed/ Course: https://letsbuy--thewebsiteflip.thrivecart.com/course-website-flipping/ 10 Step Video series to Finding a Company to Buy

My friend's business, Vectrum Graphics, is for sale. I dive into the pros, cons, growth opps, and ideal candidates for this business. Revenue - $63,000 Profit - $24,500 Asking - $60k Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Brad Mills https://vectrumgraphics.com/ https://www.loom.com/share/0ca143025f424978bdda84641189e74e https://www.loom.com/share/109fb3c06f574c1e8dccb14972ec9e9c 

Michael Bereslavsky is the Founder and CEO of Domain Magnate. It has led him from solo ventures in building, promoting, and monetizing websites, to over a decade of buying and growing internet businesses and successfully completing over 300 deals. We dive into… — Specific deals on how he found off-market businesses for sale — Hair or red flags on a deal? Sometimes lean in… — Where you’re first deal can be You can learn more about Michael at www.michaelbereslavsky.com  Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 The Domain Magnate Show - https://www.youtube.com/playlist?list=PL3C4KbtwEAgvGqryUzbFETl1ByyL4V_DQ www.Domainmagnate.com 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Ryan Twitter - https://twitter.com/RyanPaulCondie 

Shaylan Hurley texted me and said, I just quit my job and bought 2 companies…that will get your attention. We dive into mentors, finding deals, structuring deals, and how to stand out. Shaylan is also very good at attacking with full force his fear. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Shaylan Hurley https://www.linkedin.com/in/shaylan-hurley-064b52a5/ Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com Lisa Forrest - Lisa.forrest@liveoak.bank 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Ryan Twitter - https://twitter.com/RyanPaulCondie 

Jayson Lowe left corporate Canada/America in 2008 and never looked back. This is a fun conversation around all things entrepreneurship, grit, and starting with the end in mind. We dive into… — Making the leap to entrepreneurship — Why Hiring Coaches and Mentors is crucial — Pressure is a Privilege — How to manage multiple companies at once You can learn more about Jayson below. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Jayson Lowe: Banker’s Vault - https://www.youtube.com/c/TheBankersVault Wealth without Baystreet - https://www.youtube.com/channel/UCj8ZlieHodxhD0vC75-rq0g www.ascendantfinancial.ca www.wealthwithoutbaystreet.com www.canadaprepandship.com www.easyfda.com Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com Lisa Forrest - Lisa.forrest@liveoak.bank 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Ryan Twitter - https://twitter.com/RyanPaulCondie 

If you are looking at businesses for sale, you'll notice a lot of add-backs. Some will make sense and others won't. You need to educate yourself on how to dig through the data. In the end, the buyer needs to operate the business the same way the seller operates the business. "Owner add-backs are items that they claim you should not need to pay once the owner leaves the business" - Michell Baldrige Episode Resources https://quietlight.com/3-types-of-addbacks/#ftoc-the-3-levels-of-addbacks-for-ecommerce-businesses https://www.dummies.com/business/corporate-finance/mergers-and-acquisitions/what-add-backs-are-legitimate-in-an-ma-deal/ http://letsbuyabusiness.com/video https://www.liveoakbank.com/ Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com Lisa Forrest - Lisa.forrest@liveoak.bank 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Ryan Twitter - https://twitter.com/RyanPaulCondie 

Time and time again buyers evaluate businesses on a few main criteria. It's called the 4 Pillars of Value and it helps determine whether a business has a high multiple or lower multiple. 1. Risk Mitigation 2. Growth Prospects 3. Transferability 4. Documentation / Verifiability This is a framework from Quiet Light which I've linked to their blog below. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 https://quietlight.com/four-pillars-infographic/ Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com Lisa Forrest - Lisa.forrest@liveoak.bank 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Ryan Twitter - https://twitter.com/RyanPaulCondie 

Jim Oliver has quite the entrepreneurial journey. He owns 22 businesses. Yes, 22 businesses. Jim finds great talent and then overpays them. We spend most of our time on what is known as infinite banking. We dive into… - What infinite banking is - How it works to buy more cash flow producing assets - Cash Flow vs Savers You can follow Jim here at CreateTailwind.com and the Breakaway Wealth Podcast. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Jim’s Website - www.createtailwind.com YouTube - https://www.youtube.com/channel/UCapodHWwvTZzkSsULCylieQ Breakaway Wealth Podcast: - https://podcasts.apple.com/us/podcast/breakaway-wealth-podcast/id1438575465 Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com Lisa Forrest - Lisa.forrest@liveoak.bank 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Ryan Twitter - https://twitter.com/RyanPaulCondie 

Jennifer Anderson, a listener of the podcast, shares her experience of buying and selling online businesses while maintaining her day job. She talks about finding and buying an online business in the crafting niche, the importance of networking and learning from others, and provides resources for finding and acquiring companies.

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… — Typical eCom Margins — eCom Must-Haves (Gross Margin, Email Lists, Areas for Improvement) — eCom Nice to Haves (VIP Groups, 30% Customer Retention, 3 to 1 customer lifetime value over acquisition costs Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Show Sponsor: Live Oak Bank is a seasoned SMB lender providing SBA and conventional financing for search funds, independent sponsors, private equity firms, and individuals looking to acquire lower middle-market companies. www.liveoakbank.com Lisa Forrest - Lisa.forrest@liveoak.bank 10 Step Video series to Finding a Company to Buy - http://letsbuyabusiness.com/video Ryan Twitter - https://twitter.com/RyanPaulCondie Connect with Matt Putra https://www.linkedin.com/in/mattputra?originalSubdomain=ca https://keepnaturewild.com/ https://www.eightx.co/