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  1. #26
    Join Date
    Apr 2004
    Location
    Three-O-Three
    Posts
    14,274

  2. #27
    Join Date
    Sep 2005
    Location
    PRB
    Posts
    23,191
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  3. #28
    Join Date
    Feb 2018
    Posts
    284
    Buy a liquor store.

  4. #29
    Join Date
    Nov 2010
    Location
    Sandy
    Posts
    2,054
    Quote Originally Posted by Ski220 View Post
    Buy a liquor store.
    Well, you can't in Utah, and its probably a dying business in Colorado with groceries stores carrying full strength now.

    They do drink a lot in Wyoming though, so I hear.

  5. #30
    Join Date
    Nov 2015
    Location
    SoVT
    Posts
    106
    Hey OP,

    Good for you for having the guts to do a search, and having the guts to post it here. You could have skipped your Stanford MBA for all the stellar feedback you've received on this forum. FYI I've found the Polsky podcasts to be beneficial and searchfunder.com seems to be a good forum.

    Valuations are softening already though no one will admit it yet. If you can generate a bunch of leads now two things will happen as the next recession nears, your competition will shrink and the supply of willing sellers will increase.

    Good luck. Be very wary of your biggest risk, anyone with a Stanford MBA and time at Deloitte is 100% likely to underestimate the struggle of entrepreneurship and funding payroll.

    Also, IMHO, don't ever borrow money from the world's toughest collector (the US Treasury) which is exactly what you're doing when you take on a SBA loan. Here's one small insight of how they size a debtor up for tax collections; https://www.irs.gov/businesses/small...nd-other-items. They are relentless and will chase you with a missionary zeal.


    Again, good luck.
    Last edited by Jeffreaux; 11-17-2019 at 02:17 PM.

  6. #31
    Join Date
    Oct 2009
    Location
    seatown
    Posts
    3,391
    thank you for your contributions to earth

  7. #32
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    11,178
    Quote Originally Posted by Dshack89 View Post
    ^

    1 other thing I'll add to help explain the investment model: small businesses typically sell for 4x cash flow, so you earn 25% but a SBA loan and seller financing is under 10%.

    Sent from my SM-N970U using TGR Forums mobile app
    EBITDA
    Not cash flow.
    But if you have zero debt, then cash flow is the same.

    I was offered 5x, but had to turn it down, since I’m too young to retire. I need that income stream.

    I wonder how op made out. Some businesses are easier than others. Many small businesses depend on the owner and have no management team to keep things on track, let alone to grow sales. Then there’s the sabotage of leaning out expenses for a few years to make the bottom line look better, planning on a sale and not caring about long term.
    “Life has become immeasurably better since I have been forced to stop taking it seriously.”
    Hunter S. Thompson

  8. #33
    Join Date
    Apr 2006
    Location
    Spokane/Schweitzer
    Posts
    5,506
    Hmmmm....wonder if the OP is still looking.... Roofing company located in Spokane(?).

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