If you’re looking to start a new business or grow your existing business, acquiring an existing company can be a smart way to achieve your goals. Buying a business can provide you with an established customer base, proven products or services, and an experienced team of employees and best of all cash flow! This is also the fastest way to scale and grow your existing business.
Boost sales, and expand your customer base by buying a competitor’s business. You will be shocked at how fast you can scale once you find the right seller and business to acquire!
We specialize in helping and partnering with clients find and acquire businesses that meet their strategic goals. Our team has years of experience in business acquisitions and can provide expert guidance throughout the entire process.
“I am an irresistible magnet, with the power to attract unto myself everything that I divinely desire, according to the thoughts, feelings and mental pictures of me buying and building out a profitable business and additional pictures I constantly entertain and radiate. I am the center of my Universe!” I have the power to create whatever I wish. The universe and god has my back. I attract whatever I radiate. I attract whatever I mentally choose and accept. I begin choosing and accepting the highest and best in life. This is a rich and friendly universe and I dare to accept its riches, its hospitatlity, and to enjoy them now”
– Dynamic Laws Of Prosperity
Why Acquire a Business?
There has never been a more perfect time to buy a active cash flowing business than right now. Did you know that Acquiring a business can offer a range of benefits over starting a new business from scratch.
Baby Boomer business owners are retiring at a record number, fueling a dramatic paradignm shift on wall street.
Baby Boomers own 2.34 Million small businesses across the USA, employing more than 25 Million people. Many are at a crossroads and need to determine if they will be selling their business or passing it on to a successor. A recent survey by Wilmington Trust shows that more than 58% of small business owners have no transition or succession plan which means there is a very large amount of cash flowing businesses that could be acquired strategically that cash flow very well.
Think of it as helping out the business owner. You are helping them retire by buying out their business.
Some of the advantages of buying a business include:
- Established customer base:
Buying an existing business means you’ll inherit an established customer base that is already familiar with the company’s products or services.
- Proven products or services:
The products or services of an existing business have already been developed and tested in the market, which can reduce the risk of failure.
- Experienced team:
An existing business likely has an experienced team of employees who are familiar with the company’s operations and customers, which can make the transition smoother.
- Established infrastructure:
An existing business will have operational infrastructure in place, such as marketing systems, technology, and supply chain networks.
Existing Cash Flow:
You are for the most part buying a set revenue stream. If the company does $2.3 million in NET profit and you buy it for $6.9M that business can easily service its debt all while STILL Paying yourself a salary from that business and still make a profit afterwards.
You make your money when you buy right at the right profit to cash flow ratio. This is very similar to real estate.
How We Can Help You Acquire a Business
At DoWhatTheWealthyDo.com, we can help you acquire a business that meets your strategic goals. Our team will work closely with you to understand your objectives and identify potential acquisition targets. We have an extensive network of contacts and use our expertise to conduct thorough due diligence to ensure that any acquisition aligns with your business goals and then we partner with you on it. This is also used as a good tax strategy and can be tied into using this to buy not only other cash flowing businesses but that of legacy leveraged wealth account and cash flowing real estate which also shares large tax deductions.
Our services include:
Developing a strategy:
We’ll work with you to identify your strategic goals and develop an acquisition strategy that aligns with them.
Identifying potential targets:
Using our network and experience, we’ll identify businesses that meet your criteria and are a good fit for your goals.
Conducting due diligence:
We’ll conduct thorough due diligence on potential acquisition targets to ensure that they are a sound investment and align with your strategic goals.
We’ll help you negotiate the best possible terms for the acquisition, including the purchase price and any financing or seller financing terms.
Closing the deal:
We’ll work with you to finalize the acquisition and ensure a smooth transition.
If you haven’t then you will want to watch our Legacy Wealth Blueprint video that discusses the 5 major key shifts the wealthy take. From there you can book a complimentary discovery call with us.
Why Creative Financing For Buyers & Sellers?
All of these business owners who are looking to sell can sell and legally NOT pay taxes through some of our strategies. On the buy side it gives you massive flexibility on keeping your upfront costs minimal, it also doesn’t run or ruin your credit trying to obtain funding for it.
On the seller’s side it allows them to generate long-term cash flow which depends on the structure of the deal, it allows them an easy exit and if the buyer defaults, then the seller gets its cash flowing business back. There are many benefits as to why a seller should seller finance and why a buyer should buy utilizing seller financing. The seller can utilize a UCC1 filing against all of the business’s assets including cash flow so there is massive recourse and protection to the seller.
Many of the wealthy utilize this strategy to buy acquire and to liquidate or sell businesses. If structured correctly then the seller can be able to obtain this new cash flow from the sale of the business to be tax free which is something we specialize in.
If you want to learn more on what the wealthy do, then sing up and watch our free online webinar called “Legacy Wealth Blueprint- Discovering the 5 key shifts the wealthy take to create on lasting legacy wealth”