Buy a multimillion-dollar business with other peoples money at 30% of its cost

160. Buy a multimillion-dollar business with other peoples money at 30% of its cost - Flip businesses

This idea is for investors who invest in existing businesses!

“You don’t even need $100 if you’re willing to buy an established business. Many baby boomers are looking for someone trustworthy to take over their multimillion-dollar businesses so that they can retire. It’s common to negotiate a deal where you pay just 30% of the purchase price at closing.

Financial institutions that specialize in acquisitions will lend you the down payment regardless of your credit because they can use the business assets as collateral. You get the business with no money down and pay the remaining 70% over time using earnings from the business.

You don’t even need relevant experience — you just need to find a business that has been around for five or 10 years. The owner will mentor you through the transition, and you can give an expert equity to manage the business for you.

Why doesn’t everyone do this? Because starting the next Uber or Facebook seems sexier than buying professional services or businesses (e.g., in construction or plumbing). But with this approach, you get to skip the struggles that cause 90% of startups to fail.

You can also buy from distressed business owners, like those who are selling their business because of a lawsuit or because they retire or because they are getting divorced (like family businesses) or because they simply want to sell their business fast, you can buy a business 2-4 times cheaper than its worth!

You can also flip businesses, buy and sell and make your investment x4, x8 per business deal!

Also check out idea nr. 90: $$$ >> Make $2,000+ per month – Become an Make-Money-Become-Millionaire consultant!

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