Buying a company

I know that most on this forum are risk-averse but has anyone considered acquiring a company and keeping their day job?

I'm in a position to acquire a cannabis advertising agency. Still early but things so far look good. Probably send a LOI by week's end.

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Comments (22)

Jan 11, 2022 - 2:22pm

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Jan 13, 2022 - 1:42pm

I feel gyms are too risky.  There are plenty of chains around, and highly dependent on the time of year as well.  

I am considering a small food or store-front type service, or start a small tax practice.  

Jan 11, 2022 - 5:41pm

something sprung to mind there - acquisitions anonymous podcast - each episode looks at buying a "small" business, doing roll-ups etc.

Jan 11, 2022 - 6:40pm

The problem with these nano-PE ventures is finding a good business to buy. If it's a good business, and business is booming, you're gonna have to deliver the pitch of a lifetime to convince the owners/founder to sell their business to you. OTOH, if you find a business with good potential, in a decent market, that's being mismanaged - well, that's easier, but also requires much more research (and probably some industry/domain knowledge). 

With that said, there ARE tons of small-scale startups/side projects/etc., ranging from 1 person to xx workers, that are just sitting there and making money - but for whatever reason, the owners/founders want to offload. You can find them on websites like empireflippers, microacquire, digitalexits, etc.

Jan 12, 2022 - 8:55pm

I started a service based business last year and this year acquired a business in the same space where the owner was looking to retire. Combination of cash and seller financing. Planning on growing the business organically and through acquistions over the next ten years, maybe can sell at that point.

Jan 12, 2022 - 9:19pm

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Jan 13, 2022 - 12:59pm

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