Formula of the Zero Down Buy a Business Deal.

 

Wayne says its ok to buy a business with no money if the cash flows. Does it?

Videos mentioned within:

·         Non-Financial Considerations when you buy a small biz https://youtu.be/nV-h9tm1Gkk
·         Questions on Seller Financing https://youtu.be/YhEs5CG3uGs
·         Buy a Business with no money tab https://www.investlocalbook.com/p/buy-business-with-no-money.html
·         Using Machinery for collateral https://youtu.be/hojEFy-pFtc
·         Escape the Banker’s Rules Carefully https://youtu.be/W6WBiRp-LK4
·      Anatomy of a real no-money deal https://youtu.be/HLNmOvfok6A

Wayne suggests how to do a deal with no money.

It does make sense for a buyer, but what about the other players in this deal?

What do they think and how do you deal with their concerns?

Very important video, especially if you’re broke.

Watch this week’s video here: https://youtu.be/lx-Qyvh_ROA

Learn how to buy an already-successful and profitable business even in the covid-recession https://www.BusinessBuyerAdvantage.com   

Learn to sell your business https://www.HowToSellMyOwnBusiness.com

Build a proper cash flow forecast for any business https://www.BizPlanSchool.com

Book a call with me at https://www.clarity.fm/davidbarnett

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Get more money when you sell your business by being flexible. Watch...

Hi,

Are you a business owner who wants to maximize the amount of money you receive from selling your business?

Maybe you should try not to get paid on closing day.

That’s what Ian did on Prince Edward Island.

He got a higher price for his business, sold to a qualified operator, got a share sale -AND- is earning all the profit the bank would have.

Hear his story and see how it might work for you -AND- the person buying the business.

Watch the video here: https://youtu.be/MbRODibohc0

Learn how to sell your own business at www.HowToSellMyOwnBusiness.com

Get an Audible subscription and listen to my book Franchise Warnings: What you really need to know before you buy for FREE.

Book a call with me at www.clarity.fm/davidbarnett

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How to Borrow to Buy a Business with Undeclared Revenues - How To Buy a Business

Jolson wants to know how to convince a bank to make a loan for him to buy a business.  The problem is that the seller has not been declaring all the revenue and the financials look awful. 

What is a prospective buyer to do?

Great question… I love these kinds of sellers.

Why? Because they’ve made their businesses un-bankable by their tax-swindling ways. 

The only way they’re going to be able to sell their business is if the financing is provided in a different way which can be great news if you’re a buyer.

Let’s face it, banks can be difficult and time-consuming to deal with.  I always prefer to do a deal without them when I can.

Learn more about what I mean in the video I recorded to respond to Jolson.

Watch the video here: https://youtu.be/8pVgc2u07pU

Learn more about how to buy these types of 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 most of the people who enroll also sign up for my follow-up mentoring program to help them prepare to actually do a deal.  (The course is a great value and 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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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.

16 Week Business Buyer Success Program This Fall [VIDEO]

Well, I've put the finishing touches on my Business Buyer Success! program for the fall.

This program uses my Business Buyer Secrets seminar information and breaks it down into small digestible parts, gives you homework and tasks to accomplish and then a one-on-one follow up with me to review.

We then meet back and share among the group to maximize our learning of the material.

During the course, you will conduct a business search, meet professionals that you will use in a purchase and make an offer on a business.

This is your opportunity to arm yourself with the information you need to buy a profitable, mature business and pay the right price while mitigating risk through a proper deal structure.

The whole thing kicks off on September 2 and will finish just before Christmas.

See the complete details and register here: https://16weekbusinessbuyersuccess.eventbrite.ca

I walk you through the program and give additional information in this video

Special pricing offer ends August 2, 2014.  If you want to change your life through business ownership, this is the program for you. Program open to US and Canadian residents, pricing in $CAD.

Use seller financing when buying a business to transfer risk

My session on Wednesday with a group of newly arrived immigrants was a full day of 'Business Buyer Secrets.'  One of the biggest secrets in buying a business is how to manage risk by using vendor financing.

I recorded a video with a few thoughts and an explanation of how this works.


Let me know what you think.  Again, more info next week about my online version of 'Business Buyer Secrets' which will be mixed with one-on-one and group coaching.