I had a chat with a Chicago
executive who was looking for an opportunity to buy a ‘good sized’ business
with about $500K EBITDA.
He was having troubles making
a deal. It seems that every time he
found a good business, someone else arrived on the scene to outbid him.
What gives? Why do these other buyers seem to want to
over-pay for these businesses?
The problem is that at this
revenue level, the financial buyer (person who wants an income and job) begins
to run into the strategic buyers. In
this case; the PIGS and the PEGS.
These are the Private
Investment Groups and Private Equity Groups.
There is a reason they’re
willing to pay more. They’ve got plans
for these businesses. Learn what it is
in this video I made.
Learn more about how to buy
businesses at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.
In fact, it’s so awesome that in the years
since I’ve been doing the online course and the live workshop, not a single
person has taken me up on my money-back guaranteee. (The course is a great value and yes, it comes
with a 30-day money-back guarantee!) You
can see how my whole buyer system works in this video from a few weeks ago: https://youtu.be/ooixMSaFf6Y
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Sign up for my weekly e-mail list. It's just to the left of this article.
Sign up for my weekly e-mail list. It's just to the left of this article.
I’m coming to Moncton, NB on March 30 and
Toronto on May 10. Seats are already filling up. Find all my live
events here: http://davidbarnett.eventbrite.ca
.
The Centre for Entrepreneur Education and
Development in Halifax will be having me do two workshops in Halifax, NS on
April 10. Visit http://www.CEED.ca
for more info.
Thanks and I’ll see you next time.
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