Let’s Buy a Business

Ray Drew is an SBA expert at Fund-Ex Solutions Group with over 10+ years in SBA lending. His company is not a bank but a SBA lender, one of 14 non-bank SBA lenders in the country. We dive into multiple deals, how they are structured and how to stand out from the crowd right now. There are lots of incentives for SBA loans right now including 3-month loan payments (up to $9k per month) and waiving the SBA fee (2.5-3.5%).   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Today's Sponsor - http://mircoacquire.com/ Connect with Ray Drew rdrew@fundexsolutions.com LI - https://www.linkedin.com/in/raydrew4589/ The Art of SBA - ‎The Art of SBA Lending on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-art-of-sba-lending/id1485109358 

Jesse is so entertaining and packs a great value punch. He has seen it all - VC, PE, SMB financing, brokering. Jesse always has a unique take on things and kicks excuses in the face. Jesse breaks down how to raise money from the right investors. There will definitely be a Round 2 coming up....and Round 3 with Jesse. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jesse Randall Sweater Ventures - https://www.sweaterventures.com/ Jesse on LinkedIn - https://www.linkedin.com/in/deviantstrat/ MicroAcquire - https://microacquire.com/ jkr@sweaterventures.com 

I dive into 2 listings that catch my eye. I realized fast that these were not the best fit for me, I unpack why and how I'd grow them. https://www.alpinebusinessbrokers.com/online-drop-shipping-business/ https://feinternational.com/buy-a-website/30828-e-commerce-yacht-marine-luxury-lighting-products-17m-gross-yr Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter https://twitter.com/ryanpaulcondie 

Blake is the CEO of Flippa.com, the #1 marketplace to buy and sell digital assets. Flippa has the most buyers, the most sellers, and the most transactions around. My favorite topic was when he talked about “Owning Your Future”. Make decisions for yourself. We dive into asset classes, life-changing businesses, and how to take advantage of the digital real estate world. Episode Resources https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Blake Hutchison Linkedin - https://www.linkedin.com/in/blakehutchison/ https://flippa.com/ The daily - https://flippa.com/lp/the-daily-email/ blake@flippa.com 

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 his fear with full force. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter Ryan's Twitter - https://twitter.com/ryanpaulcondie Connect with Shaylan Hurley LinkedIn - https://www.linkedin.com/in/shaylan-hurley-064b52a5/ Shaylan Hurley - shaylan@vesselsinvesting.com

Chris Younger from Class VI Investments has been a lawyer, 'deal guy', President, GM, Buyer, and Seller. He's done it all from all sides of the table. Some were home runs. Some were duds. Some were just ok. If the key person led sales, operations or was critical to the business, it was incredibly tough to post-closing. Every business needs a #2 to step up. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Chris Younger https://www.classvipartners.com/ Chris Younger - chris@classvipartners.com Harvest: The Definitive Guide to Selling Your Company - https://amzn.to/2YZMEZr 

Mushfiq has done what most people aspire to and has done it on the side. He's bought, built, and sold over 100+ sites. Mushfiq is the Founder of thewebsiteflip.com. He’s been buying, growing, and selling sites as a side-business with many 6-figure exits. He is a Super Seller on Flippa’s platform. Hires a team, has a day job, crushes life.   Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Ryan's Twitter - https://twitter.com/ryanpaulcondie Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter Connect with Mushfiq - mushfiq@thewebsiteflip.com The Website Flip Twitter - https://twitter.com/TheWebsiteFlip https://thewebsiteflip.com/ 

I'm 2.5 years away from quitting my corporate gig for the 2nd time and 2 ~$600k businesses I like that are for sale. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Ryan's Twitter - https://twitter.com/ryanpaulcondie Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter 6 Months to CEO Course - https://courses.buythenbuild.com/courses/six-months-to-ceo?ref=ee4f9d  

Here are 2 off-market deals for sale...right now. Hit me up if you're interested. Sign up for my newsletter if you want early access to podcast listeners. http://letsbuyabusiness.com/newsletter  Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Twitter - https://twitter.com/ryanpaulcondie Deal Flow Newsletter - http://letsbuyabusiness.com/newsletter   

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: 1. Desirable Results 2. Duplicate Results 3. 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/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Mike Finger Linkedin - https://www.linkedin.com/in/mike-finger-35130b31/ mfinger@exitoasis.com https://exitoasis.com/