BiggerPockets Business Podcast
September 29, 2020 4:00 pm
Welcome to a real-world MBA, where entrepreneurs guide you through what it really takes to start, scale, and sell your own business.
Your hosts: J and Carol Scott, who left careers in corporate management to launch their own house-flipping business. Every Tuesday, you’ll meet a new guest and learn actionable tips for hiring, firing, marketing, raising capital and more.
So whether you’re looking to boost profits or bring a new idea to life, you’ll come away informed and inspired. Tune in, and learn how to treat your business like a business!
Are you interested in entrepreneurship through acquisition (basically, buying existing businesses), but aren’t sure where to start? Want to buy a business but don’t know where the money will come from? Always wondered whether it was possible to buy a business with no money down?
If so, this episode is for you!
Sean McCoy, Tom Szold & Charlie Szold — co-owners of Precision Safe Sidewalks — walk us step-by-step through the acquisition of their company. From the acquisition channels they use to find potential purchase targets, through underwriting, due diligence, purchase and transition — they detail each piece of the process, both in terms of how it worked for their purchase and how you should be approaching it for yours.
Most interestingly, they walk us through the “capital stack” of the business — how they used a combination of an SBA loan, private money from outside investors and seller financing from the owner of the business to essentially purchase with no money out of their own pockets. They even detail how they connected with outside investors, and how they structured the investments.
Make sure you listen to our discussion about how it’s not only possible to get the seller of the business to provide part of the financing for the purchase, but why it’s often in the seller’s best interest to do so!
Check them out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!
Links from the Show
– Intralink DealNexus
– George Arapage
Check the full show notes here: http://biggerpockets.com/bizshow75
75: Acquiring Businesses Using Other People’s Money With Shawn McCoy, Tom Szold & Charlie Szold1 week ago
74: Using a Real Estate Business to Grow a Real Estate Portfolio With Steve Strauss2 weeks ago
73: Building an 8-Figure Game Company in 3 Years With Chris Meade3 weeks ago
72: Finding the Opportunity Through Business - Crushing COVID With Michelle Oppelt and Samantha Mooney1 month ago
71: Mastering Business Without Business School With Josh Kaufman1 month ago
70: Turning a Hobby Side Hustle Into a Full Fledged Family Business With Sabrina Rosenberg1 month ago
69: Accomplishing It All With Editor-In-Chief of Entrepreneur Magazine Jason Feifer2 months ago
68: "Buy Then Build" Your Business With Best-Selling Author Walker Deibel2 months ago
67: BiggerPockets Business Podcast 67: Thinking BIG and Raising $70 Million with Jay Reno2 months ago
66: Leveraging COVID and Other Timely Trends to Build Wealth With John Berlingieri2 months ago